ONDS Options History — November 2025

In November 2025, ONDS traded between $5.26 and $8.68. ATM implied volatility averaged 132.7%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 38.7%. IV traded below realized volatility by 2.9% (HV 20d: 135.6%). Max pain ranged from $4.00 to $8.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.31.

Notable Days

  • 2025-11-13: Highest Volume — 187,849 contracts
  • 2025-11-28: Largest IV drop — 11.6% change
  • 2025-11-18: Highest IV Rank — 22.5%
  • 2025-11-04: Largest Expected Move — 42.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.74$5.26$8.68$6.11$7.81
Max Pain$4.79$4.00$8.00$8.00$4.50
ATM IV132.7%121.5%140.4%134.6%121.5%
Expected Move38.7%36.0%42.3%42.2%36.0%
HV 20d135.6%101.8%180.6%119.7%176.9%
HV 60d134.2%123.4%147.4%137.3%146.7%
IV Rank17.7%13.3%22.5%14.5%16.2%
IV Percentile29.1%12.3%42.1%28.2%12.3%
Term Structure0.6%-18.1%19.1%-6.0%10.2%
VWIV141.1%126.8%157.3%157.1%126.8%
Skew 25d-14.7%-27.0%-4.0%-16.8%-9.9%
Skew 10d-28.2%-53.4%-5.8%-40.3%-31.2%
Call IV 25d143.1%125.0%155.7%142.0%125.0%
Put IV 25d128.4%115.1%137.8%125.3%115.1%
Bid-Ask Spread %27.5618.7838.9619.5922.24
Gamma HHI0.100.090.120.090.11
Net GEX1.5M525.1K2.7M830.7K2.1M
Net DEX-196.6M-342.3M-87.0M-131.1M-274.5M
Net VEX-764.4K-938.8K-605.4K-686.5K-887.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.200.560.200.56
Total Volume95,885.78929,552187,84983,85148,713
Total OI876,453.105809,561947,479818,987903,256

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$6.11$8.00134.6%42.2%119.7%14.5%157.1%-16.8%-6.0%830.7K-131.1M-686.5K0.2019.5969,89313,958629,442189,545
2025-11-04$6.04$8.00131.7%42.3%117.2%13.8%153.3%-11.5%8.9%898.6K-136.4M-699.8K0.2236.0243,1969,471656,628193,658
2025-11-05$6.00$8.00139.8%41.7%116.4%15.7%157.3%-15.9%-0.0%877.0K-131.6M-700.4K0.2918.7822,9786,574667,892195,390
2025-11-06$5.26$4.00129.5%36.3%121.1%13.3%145.9%-27.0%-4.1%525.1K-87.0M-605.4K0.2221.4550,67111,164670,842197,359
2025-11-07$5.76$4.00137.5%39.5%124.0%15.2%145.9%-13.4%-7.5%882.7K-118.0M-668.0K0.2333.0783,04618,691676,118194,366
2025-11-10$5.92$4.00136.9%39.1%103.9%15.0%140.2%-4.0%0.3%1.0M-141.0M-682.1K0.2829.3654,88715,590657,079180,709
2025-11-11$5.70$4.00131.2%37.9%103.1%13.7%151.3%-7.2%1.2%954.4K-127.2M-684.2K0.3338.9629,3429,682679,166190,014
2025-11-12$5.51$4.00130.1%38.3%101.8%18.3%139.5%-14.4%5.9%867.7K-115.9M-646.7K0.4324.3536,40315,707691,214194,013
2025-11-13$6.62$4.00127.7%36.5%113.4%18.3%132.3%-13.1%-1.5%1.7M-190.0M-749.6K0.2830.62147,09740,752701,355197,344
2025-11-14$7.21$4.00124.6%36.9%116.2%17.3%130.5%-16.5%4.7%1.7M-236.3M-805.8K0.2437.86128,15230,257710,142209,064
2025-11-17$6.25$4.00135.6%39.3%125.9%20.9%137.7%-19.5%-4.1%1.0M-156.9M-695.8K0.3725.3489,91033,509667,835182,715
2025-11-18$7.74$4.00140.4%40.2%146.6%22.5%143.9%-17.8%-2.7%2.2M-281.6M-875.9K0.3227.9396,85031,456701,484188,697
2025-11-19$7.54$4.00134.6%38.6%144.5%20.6%143.0%-13.6%-2.9%2.0M-264.8M-835.5K0.2132.4768,85414,781713,394201,135
2025-11-20$6.38$4.50131.2%37.6%155.7%19.5%139.9%-17.9%-3.8%1.0M-168.6M-740.1K0.2729.0498,92726,321719,206203,743
2025-11-21$6.75$4.50132.3%37.7%155.9%19.8%135.3%-20.6%4.5%1.5M-191.7M-778.4K0.3130.4476,79223,445745,824201,655
2025-11-24$8.68$4.50136.3%40.6%180.6%21.2%140.1%-13.4%19.1%2.4M-342.3M-938.8K0.2119.95152,35732,753654,404155,157
2025-11-25$8.43$4.50127.6%38.3%176.4%18.3%132.7%-11.2%6.3%2.7M-324.4M-918.5K0.4821.2667,84232,352680,241170,965
2025-11-26$8.32$4.50137.5%36.7%176.4%21.6%127.9%-15.8%-18.1%2.7M-316.8M-925.6K0.3624.8065,76223,695699,178182,380
2025-11-28$7.81$4.50121.5%36.0%176.9%16.2%126.8%-9.9%10.2%2.1M-274.5M-887.3K0.5622.2431,32317,390716,620186,636