ONDS Options History — September 2025

In September 2025, ONDS traded between $5.08 and $7.92. ATM implied volatility averaged 125.6%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 35.7%. IV traded above realized volatility by 2.7% (HV 20d: 123.0%). Max pain ranged from $3.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.23.

Notable Days

  • 2025-09-29: Highest Volume — 168,443 contracts
  • 2025-09-11: Largest IV spike — 8.4% change
  • 2025-09-02: Highest IV Rank — 16.4%
  • 2025-09-02: Largest Expected Move — 41.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.49$5.08$7.92$5.46$7.70
Max Pain$4.21$3.00$5.00$3.00$5.00
ATM IV125.6%119.9%142.8%142.8%121.9%
Expected Move35.7%33.9%41.2%41.2%33.9%
HV 20d123.0%99.7%156.5%155.7%100.9%
HV 60d126.3%122.1%132.2%131.9%123.1%
IV Rank12.4%11.0%16.4%16.4%11.5%
IV Percentile15.0%9.5%26.2%26.2%13.1%
Term Structure0.7%-5.5%6.4%-3.1%0.5%
VWIV128.3%119.9%144.1%144.1%122.1%
Skew 25d-12.8%-20.3%-4.3%-20.3%-10.3%
Skew 10d-20.8%-47.9%-8.8%-27.4%-24.9%
Call IV 25d135.3%126.8%154.8%154.8%131.8%
Put IV 25d122.5%115.5%134.6%134.6%121.4%
Bid-Ask Spread %29.8919.2440.8226.6219.24
Gamma HHI0.160.130.290.160.19
Net GEX1.4M863.9K2.7M863.9K1.4M
Net DEX-224.1M-284.4M-140.9M-165.2M-240.4M
Net VEX-515.6K-645.5K-383.8K-383.8K-644.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.230.100.510.240.20
Total Volume92,767.95251,782168,44385,67562,217
Total OI729,726.095616,056806,713647,489722,565

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$5.46$3.00142.8%41.2%155.7%16.4%144.1%-20.3%-3.1%863.9K-165.2M-383.8K0.2426.6269,22416,451478,792168,697
2025-09-03$5.08$3.00130.9%37.6%155.4%13.6%135.3%-15.7%-5.5%864.1K-140.9M-390.9K0.2826.1956,23615,486500,706178,085
2025-09-04$5.29$4.00124.1%35.1%152.3%12.0%125.9%-9.4%1.9%956.6K-156.4M-403.2K0.1932.3343,4408,342519,511190,319
2025-09-05$5.61$4.00123.3%35.5%151.2%11.8%129.6%-9.5%4.7%1.1M-180.6M-423.9K0.3021.8544,40013,473527,358191,951
2025-09-08$6.01$4.00121.9%34.6%150.5%11.5%126.5%-15.1%0.9%1.2M-204.0M-418.6K0.3635.8486,09530,909502,470183,180
2025-09-09$5.36$4.00123.1%35.1%156.5%11.8%125.8%-9.6%-1.7%928.3K-150.3M-410.5K0.2138.22117,25125,170512,279198,824
2025-09-10$5.50$4.00119.9%34.1%136.2%11.0%127.6%-13.5%-0.6%1.2M-177.1M-462.2K0.1540.2874,54010,894571,200207,288
2025-09-11$6.34$4.00130.0%36.6%119.6%13.4%127.4%-9.7%1.3%1.7M-252.8M-500.0K0.1034.4489,2548,793588,112211,289
2025-09-12$6.50$4.00122.1%34.7%116.1%11.5%123.6%-4.3%-4.6%2.7M-265.3M-507.5K0.1634.17103,71516,735594,472212,241
2025-09-15$6.33$4.00126.5%36.2%117.6%12.6%133.7%-14.5%3.3%1.4M-231.6M-513.7K0.2927.4545,22312,912553,186187,919
2025-09-16$6.06$4.00126.0%36.0%119.9%12.5%131.2%-14.9%3.8%1.3M-212.0M-505.8K0.1425.1653,5487,273565,859196,612
2025-09-17$6.11$4.50125.1%35.9%110.4%12.2%127.5%-8.7%4.2%1.4M-217.4M-515.4K0.1740.8246,2947,711576,309200,597
2025-09-18$6.54$4.00121.5%34.5%111.0%11.4%124.2%-10.5%6.4%1.8M-258.9M-531.0K0.1724.6746,0267,743588,041202,046
2025-09-19$6.71$4.00121.2%34.5%110.8%11.3%125.3%-13.3%0.1%1.3M-270.5M-533.2K0.1530.7175,19611,557584,816203,653
2025-09-22$7.24$4.00121.4%34.2%99.8%11.4%119.9%-17.2%-1.6%1.5M-234.5M-553.8K0.5124.6089,74946,057473,130142,926
2025-09-23$7.88$5.00125.4%36.3%99.7%12.3%127.0%-16.7%0.5%1.6M-270.9M-597.5K0.2325.59125,94428,553487,631178,871
2025-09-24$7.29$5.00130.6%37.3%106.0%13.5%133.8%-15.6%-2.4%1.6M-242.4M-604.7K0.2529.20112,15027,704522,608196,970
2025-09-25$7.71$5.00130.2%36.5%106.7%13.4%130.0%-14.0%1.2%1.9M-284.4M-645.5K0.2129.1267,92413,948549,988198,314
2025-09-26$7.58$5.00128.7%36.3%102.8%13.1%129.3%-12.7%2.6%1.1M-273.0M-645.3K0.2332.4650,14011,407559,091202,489
2025-09-29$7.92$5.00122.1%34.6%103.3%11.6%123.8%-13.3%3.3%1.6M-278.0M-636.0K0.2528.62134,60833,835516,186177,667
2025-09-30$7.70$5.00121.9%33.9%100.9%11.5%122.1%-10.3%0.5%1.4M-240.4M-644.1K0.2019.2451,97010,247523,106199,459