OPEN Options History — January 2025

In January 2025, OPEN traded between $1.37 and $1.73. ATM implied volatility averaged 103.6%, placing in the 56.2% IV rank vs the trailing year. The 30-day expected move averaged 30.0%. IV traded above realized volatility by 32.7% (HV 20d: 70.9%). Max pain ranged from $2.00 to $2.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.21.

Notable Days

  • 2025-01-21: Highest Volume — 24,889 contracts
  • 2025-01-16: Largest IV spike — 17.0% change
  • 2025-01-21: Highest IV Rank — 71.6%
  • 2025-01-21: Largest Expected Move — 33.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.48$1.37$1.73$1.58$1.38
Max Pain$2.00$2.00$2.00$2.00$2.00
ATM IV103.6%90.5%115.7%90.5%104.5%
Expected Move30.0%24.3%33.6%25.8%27.4%
HV 20d70.9%57.0%83.5%57.0%83.2%
HV 60d76.5%72.9%79.6%72.9%79.5%
IV Rank56.2%39.4%71.6%39.4%57.3%
IV Percentile63.5%34.5%85.7%36.9%67.5%
Term Structure7.4%-13.3%52.8%8.2%-4.7%
VWIV106.5%88.1%122.0%88.1%95.5%
Skew 25d-10.2%-31.0%5.0%-15.4%-2.7%
Skew 10d-26.8%-61.3%38.5%-44.2%-17.0%
Call IV 25d110.2%98.1%127.9%98.1%116.3%
Put IV 25d100.0%78.0%117.8%82.8%113.5%
Bid-Ask Spread %5.813.8610.4110.414.57
Gamma HHI0.140.120.180.140.13
Net GEX138.3K97.8K192.7K160.2K97.8K
Net DEX-9.5M-12.6M-6.1M-10.5M-8.2M
Net VEX-111.3K-135.5K-97.3K-126.4K-101.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.060.490.450.29
Total Volume12,615.95,87324,8895,8738,872
Total OI593,506.05421,061728,478705,422455,918

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$1.58$2.0090.5%25.8%57.0%39.4%88.1%-15.4%8.2%160.2K-10.5M-126.4K0.4510.414,0481,825618,17987,243
2025-01-03$1.67$2.0095.2%24.3%61.3%45.4%90.3%-10.1%6.6%192.7K-12.6M-135.5K0.099.978,401755619,11988,044
2025-01-06$1.73$2.0094.1%31.8%63.7%44.0%113.4%-11.6%11.0%178.3K-12.1M-130.7K0.086.1516,2361,377616,95287,099
2025-01-07$1.60$2.0094.0%31.4%67.4%43.9%115.2%-17.6%8.7%148.2K-10.7M-116.4K0.243.869,4782,307623,13387,731
2025-01-08$1.54$2.0097.5%31.4%67.4%48.4%113.1%-20.8%3.8%137.8K-9.5M-119.3K0.434.616,0102,598627,56988,480
2025-01-10$1.46$2.00103.1%31.7%65.9%55.5%116.5%-1.2%7.1%120.1K-7.1M-111.4K0.205.3711,1682,228631,51989,309
2025-01-13$1.37$2.00106.0%33.5%65.0%59.2%119.2%-3.4%10.7%104.2K-6.1M-99.8K0.284.1813,8073,927625,49784,942
2025-01-14$1.38$2.00107.3%32.8%60.7%60.9%122.0%-3.4%8.7%117.0K-7.3M-104.6K0.145.057,9001,102634,24684,710
2025-01-15$1.52$2.0090.5%32.3%72.9%39.4%115.2%-6.3%52.8%157.6K-10.3M-116.9K0.104.6715,8981,643638,85984,647
2025-01-16$1.56$2.00105.8%32.1%74.0%59.0%112.7%-12.9%9.2%162.7K-11.5M-119.9K0.383.905,4482,061642,88485,594
2025-01-17$1.44$2.00104.4%30.8%78.1%57.2%113.9%-31.0%5.3%138.7K-7.5M-106.7K0.244.6414,6023,464643,84484,472
2025-01-21$1.40$2.00115.7%33.6%70.5%71.6%121.5%-14.6%-3.2%128.9K-9.0M-102.6K0.174.9221,2893,600373,61147,450
2025-01-22$1.40$2.00111.8%32.0%70.4%66.6%111.9%-3.5%5.8%160.4K-9.5M-104.4K0.135.4411,9051,541386,93750,858
2025-01-23$1.42$2.00103.1%29.1%70.8%55.5%101.8%-27.2%8.2%110.8K-9.2M-104.4K0.498.749,1754,482394,02451,800
2025-01-24$1.40$2.00103.9%28.3%70.8%56.5%97.2%-7.2%15.0%106.7K-9.0M-102.5K0.185.187,8431,409398,30453,875
2025-01-27$1.38$2.00108.1%28.8%70.7%61.9%97.6%-9.6%6.1%101.1K-9.1M-97.3K0.095.8410,6341,008384,96752,421
2025-01-28$1.54$2.00109.2%28.1%81.8%63.3%96.8%5.0%-1.8%139.3K-11.5M-113.9K0.064.8816,7871,052389,37652,544
2025-01-29$1.46$2.00115.6%27.5%83.5%71.5%95.9%-1.0%-13.3%151.3K-10.3M-107.6K0.146.627,5251,033397,54952,428
2025-01-30$1.42$2.00111.9%26.6%82.8%66.8%92.6%-10.1%2.9%151.8K-9.6M-104.8K0.097.267,241639400,69553,292
2025-01-31$1.38$2.00104.5%27.4%83.2%57.3%95.5%-2.7%-4.7%97.8K-8.2M-101.3K0.294.576,8712,001402,88853,030