ONDS Options History — October 2025

In October 2025, ONDS traded between $6.38 and $11.29. ATM implied volatility averaged 136.1%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 39.9%. IV traded below realized volatility by 1.8% (HV 20d: 137.9%). Max pain ranged from $5.00 to $8.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 0.28.

Notable Days

2025-10-02: Highest Volume — 229,013 contracts
2025-10-06: Largest IV spike — 8.9% change
2025-10-14: Highest IV Rank — 17.5%
2025-10-09: Largest Expected Move — 43.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.52	$6.38	$11.29	$7.29	$6.38
Max Pain	$7.57	$5.00	$8.00	$5.00	$8.00
ATM IV	136.1%	123.9%	147.3%	126.0%	134.8%
Expected Move	39.9%	34.6%	43.4%	35.3%	39.6%
HV 20d	137.9%	99.1%	158.2%	99.1%	125.4%
HV 60d	137.7%	124.2%	145.1%	124.2%	137.8%
IV Rank	14.8%	12.0%	17.5%	12.5%	14.5%
IV Percentile	29.5%	15.9%	42.5%	18.7%	28.6%
Term Structure	1.1%	-14.5%	12.6%	0.7%	4.4%
VWIV	142.9%	120.6%	153.1%	125.2%	147.9%
Skew 25d	-16.6%	-24.0%	-7.1%	-13.5%	-23.3%
Skew 10d	-33.2%	-88.0%	-7.6%	-20.0%	-38.1%
Call IV 25d	148.4%	132.2%	158.3%	134.6%	149.8%
Put IV 25d	131.8%	119.0%	141.7%	121.1%	126.5%
Bid-Ask Spread %	26.39	17.23	47.39	32.87	21.24
Gamma HHI	0.11	0.08	0.21	0.17	0.09
Net GEX	1.7M	748.6K	3.2M	1.2M	935.2K
Net DEX	-284.2M	-509.6M	-133.7M	-213.4M	-136.4M
Net VEX	-824.1K	-1.0M	-642.5K	-642.5K	-719.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.28	0.10	0.57	0.10	0.24
Total Volume	116,771.261	39,972	229,013	94,601	49,992
Total OI	868,602.609	745,094	1,003,298	745,094	892,288

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-10-01	$7.29	$5.00	126.0%	35.3%	99.1%	12.5%	125.2%	-13.5%	0.7%	1.2M	-213.4M	-642.5K	0.10	32.87	85,720	8,881	540,154	204,940
2025-10-02	$9.25	$5.00	124.7%	34.9%	126.1%	12.2%	122.4%	-9.8%	0.1%	2.9M	-373.1M	-719.5K	0.34	25.39	170,850	58,163	560,829	208,723
2025-10-03	$9.89	$5.00	123.9%	34.6%	126.4%	12.0%	120.6%	-15.5%	1.7%	3.2M	-417.5M	-739.4K	0.28	29.16	162,417	45,323	561,172	230,891
2025-10-06	$10.71	$7.00	134.9%	41.5%	127.0%	14.5%	144.9%	-24.0%	6.8%	2.3M	-452.9M	-766.8K	0.34	24.02	162,976	56,196	543,557	223,843
2025-10-07	$11.14	$8.00	135.8%	41.6%	115.1%	14.7%	145.2%	-15.3%	6.7%	2.3M	-491.5M	-874.7K	0.40	23.36	80,721	32,216	585,248	250,305
2025-10-08	$11.29	$8.00	136.9%	41.7%	115.3%	15.0%	148.0%	-12.6%	7.4%	2.3M	-509.6M	-911.8K	0.20	31.01	122,911	25,028	604,572	260,284
2025-10-09	$10.54	$8.00	141.9%	43.4%	113.9%	16.2%	148.2%	-12.9%	9.0%	2.1M	-448.9M	-976.5K	0.34	21.04	106,022	36,345	631,137	267,397
2025-10-10	$9.30	$8.00	137.9%	40.5%	125.8%	15.3%	144.0%	-16.5%	6.7%	1.9M	-327.6M	-951.3K	0.29	21.62	157,092	44,872	666,091	296,732
2025-10-13	$10.98	$8.00	143.7%	41.7%	135.0%	16.6%	141.6%	-14.5%	-0.4%	2.8M	-487.8M	-1.0M	0.42	22.74	107,264	45,352	637,390	253,777
2025-10-14	$10.27	$8.00	147.3%	41.8%	136.9%	17.5%	147.9%	-21.0%	1.2%	2.5M	-425.0M	-1.0M	0.18	21.68	50,172	8,926	661,775	273,174
2025-10-15	$9.54	$8.00	141.0%	42.2%	141.3%	16.0%	149.6%	-7.1%	6.1%	2.3M	-351.7M	-949.9K	0.27	27.47	100,536	27,084	668,934	276,454
2025-10-16	$8.07	$8.00	142.4%	40.9%	155.3%	16.3%	147.3%	-15.3%	0.8%	1.5M	-215.4M	-871.3K	0.31	28.61	148,737	45,595	685,804	294,376
2025-10-17	$7.56	$8.00	142.4%	41.8%	157.4%	16.3%	153.1%	-17.6%	2.8%	1.7M	-186.8M	-839.8K	0.57	17.23	82,404	46,923	704,980	298,318
2025-10-20	$7.74	$8.00	143.2%	41.0%	155.4%	16.5%	147.8%	-16.0%	-5.0%	1.3M	-199.9M	-830.0K	0.24	27.41	32,263	7,709	601,765	219,736
2025-10-21	$7.20	$8.00	135.5%	38.9%	154.5%	14.7%	144.2%	-17.8%	-10.1%	982.3K	-162.5M	-785.4K	0.34	31.41	50,348	17,259	619,517	225,067
2025-10-22	$6.72	$8.00	137.5%	39.4%	154.0%	15.2%	142.9%	-11.1%	-6.0%	796.8K	-133.8M	-735.7K	0.29	31.77	68,803	20,082	626,815	225,325
2025-10-23	$7.08	$8.00	137.2%	39.6%	153.8%	15.1%	143.9%	-15.6%	-1.4%	1.0M	-160.3M	-758.9K	0.21	25.28	41,651	8,838	635,481	230,480
2025-10-24	$7.46	$8.00	136.5%	39.7%	155.0%	14.9%	147.0%	-19.4%	-7.9%	1.6M	-192.1M	-816.4K	0.23	19.67	81,020	18,746	648,800	228,113
2025-10-27	$7.56	$8.00	134.8%	40.3%	154.2%	14.5%	143.5%	-16.1%	12.6%	1.5M	-207.9M	-820.7K	0.16	26.09	63,093	10,016	620,608	208,401
2025-10-28	$6.81	$8.00	129.1%	39.1%	158.2%	13.2%	143.7%	-20.1%	2.0%	992.7K	-154.6M	-760.9K	0.25	26.07	67,964	16,729	641,438	213,189
2025-10-29	$6.72	$8.00	134.2%	39.0%	157.2%	14.4%	143.6%	-22.1%	-14.5%	915.1K	-153.6M	-750.2K	0.33	47.39	38,284	12,473	650,918	217,781
2025-10-30	$6.38	$8.00	128.7%	39.9%	129.1%	13.1%	144.5%	-23.6%	2.0%	748.6K	-133.7M	-718.2K	0.15	24.55	53,620	8,123	664,924	216,357
2025-10-31	$6.38	$8.00	134.8%	39.6%	125.4%	14.5%	147.9%	-23.3%	4.4%	935.2K	-136.4M	-719.0K	0.24	21.24	40,179	9,813	675,749	216,539