OPEN Options History — February 2025

In February 2025, OPEN traded between $1.31 and $1.58. ATM implied volatility averaged 114.7%, placing in the 70.3% IV rank vs the trailing year. The 30-day expected move averaged 32.7%. IV traded above realized volatility by 43.1% (HV 20d: 71.6%). Max pain ranged from $1.50 to $1.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.25.

Notable Days

  • 2025-02-26: Highest Volume — 54,474 contracts
  • 2025-02-13: Largest IV spike — 27.6% change
  • 2025-02-27: Highest IV Rank — 87.6%
  • 2025-02-26: Largest Expected Move — 38.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.43$1.31$1.58$1.31$1.31
Max Pain$1.50$1.50$1.50$1.50$1.50
ATM IV114.7%90.3%128.2%90.3%105.2%
Expected Move32.7%27.1%38.7%31.0%30.0%
HV 20d71.6%59.9%84.7%84.7%69.3%
HV 60d76.7%68.5%80.0%80.0%71.2%
IV Rank70.3%39.2%87.6%39.2%58.2%
IV Percentile80.6%34.5%96.0%34.5%67.1%
Term Structure-10.9%-89.4%13.7%13.7%-0.7%
VWIV112.7%86.3%136.7%108.0%99.7%
Skew 25d-11.8%-42.5%7.3%-40.7%-12.2%
Skew 10d-19.3%-102.8%42.7%-26.7%-24.6%
Call IV 25d118.3%84.6%134.7%104.5%116.1%
Put IV 25d106.5%63.9%125.3%63.9%103.9%
Bid-Ask Spread %8.664.5127.868.466.51
Gamma HHI0.150.120.230.130.12
Net GEX115.7K86.4K178.3K86.7K108.0K
Net DEX-9.9M-13.4M-7.0M-7.7M-7.0M
Net VEX-102.4K-113.9K-93.6K-93.6K-96.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.040.780.210.49
Total Volume14,899.3165,43754,47410,55422,590
Total OI422,319.316300,249471,960442,996363,888

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-02-03$1.31$1.5090.3%31.0%84.7%39.2%108.0%-40.7%13.7%86.7K-7.7M-93.6K0.218.468,7531,801391,61251,384
2025-02-04$1.33$1.50113.4%29.6%81.8%68.7%102.1%-6.9%0.5%95.4K-7.9M-96.9K0.074.515,105332397,62551,346
2025-02-05$1.38$1.50111.7%29.1%81.9%66.5%101.5%-41.9%-5.4%106.1K-8.8M-102.4K0.1412.776,223853399,88051,482
2025-02-06$1.38$1.50112.7%31.5%78.0%67.8%112.4%-42.5%-3.1%107.8K-9.0M-101.0K0.237.847,0451,604402,45951,135
2025-02-07$1.33$1.50114.4%31.8%78.0%70.0%110.5%-5.8%-8.4%101.4K-8.5M-99.5K0.225.986,1111,346405,48452,015
2025-02-10$1.38$1.50109.3%31.1%77.5%63.5%110.8%7.3%0.3%110.1K-8.5M-98.3K0.136.767,8291,046398,04750,398
2025-02-11$1.40$1.50113.7%32.0%74.2%69.0%99.8%-6.3%-4.0%117.5K-9.4M-97.4K0.1315.0611,0761,408398,29650,610
2025-02-12$1.48$1.5091.1%27.1%76.7%40.1%86.3%-24.8%-70.4%151.7K-11.0M-106.6K0.1327.8612,5911,650401,89350,695
2025-02-13$1.50$1.50116.2%33.0%68.6%72.3%114.3%-1.1%0.4%178.3K-11.2M-104.2K0.235.679,6152,236406,66051,258
2025-02-14$1.54$1.50117.1%33.1%68.6%73.4%116.9%-22.2%-1.5%138.7K-12.6M-109.7K0.228.2814,2813,179412,34152,427
2025-02-18$1.58$1.50122.0%34.6%62.3%79.7%120.6%0.8%1.1%145.4K-13.4M-113.9K0.266.8411,9673,093404,94751,224
2025-02-19$1.54$1.50121.0%34.7%62.2%78.4%119.7%-0.2%-9.3%130.2K-12.4M-111.4K0.786.9512,3499,641405,96753,399
2025-02-20$1.46$1.50120.6%34.7%65.5%77.9%123.1%-5.6%-4.4%86.6K-10.0M-103.8K0.355.876,8962,434406,70662,331
2025-02-21$1.38$1.50121.1%35.8%68.5%78.5%129.3%-19.8%-11.6%86.4K-7.7M-98.1K0.385.369,8973,723408,69463,266
2025-02-24$1.42$1.50122.3%35.9%69.1%80.0%125.8%1.2%-3.9%90.9K-9.1M-96.0K0.335.418,4252,773246,76053,489
2025-02-25$1.48$1.50121.6%36.9%70.3%79.2%128.2%4.3%-3.9%102.7K-10.4M-100.1K0.087.5412,645978251,42355,561
2025-02-26$1.54$1.50126.9%38.7%59.9%85.9%136.7%-4.5%-89.4%121.3K-12.0M-105.7K0.045.5252,1502,324257,53056,076
2025-02-27$1.42$1.50128.2%31.4%63.9%87.6%95.9%-4.1%-7.4%133.4K-11.8M-111.9K0.3511.3312,6814,437299,08456,675
2025-02-28$1.31$1.50105.2%30.0%69.3%58.2%99.7%-12.2%-0.7%108.0K-7.0M-96.3K0.496.5115,1997,391303,85860,030