OPEN Options History — July 2025

In July 2025, OPEN traded between $0.56 and $3.09. ATM implied volatility averaged 205.0%, placing in the 60.3% IV rank vs the trailing year. The 30-day expected move averaged 57.6%. IV traded above realized volatility by 40.5% (HV 20d: 164.4%). Max pain ranged from $0.50 to $2.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.23.

Notable Days

2025-07-21: Highest Volume — 3,218,987 contracts
2025-07-02: Largest IV spike — 99.7% change
2025-07-02: Highest IV Rank — 100.0%
2025-07-21: Largest Expected Move — 97.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.56	$0.56	$3.09	$0.58	$1.88
Max Pain	$1.05	$0.50	$2.00	$0.50	$2.00
ATM IV	205.0%	92.2%	322.7%	151.5%	167.3%
Expected Move	57.6%	24.7%	97.4%	38.2%	53.5%
HV 20d	164.4%	94.8%	243.4%	94.8%	243.4%
HV 60d	147.1%	115.8%	179.2%	115.8%	179.2%
IV Rank	60.3%	13.9%	100.0%	88.9%	41.2%
IV Percentile	92.9%	15.9%	100.0%	99.6%	94.0%
Term Structure	-21.5%	-159.4%	18.5%	2.4%	2.7%
VWIV	215.8%	110.3%	354.4%	133.4%	199.3%
Skew 25d	-40.0%	-93.8%	13.7%	-67.1%	-37.6%
Skew 10d	-50.5%	-102.0%	-0.1%	-69.0%	-57.2%
Call IV 25d	233.9%	161.6%	322.1%	190.5%	202.1%
Put IV 25d	193.9%	122.2%	315.4%	123.4%	164.5%
Bid-Ask Spread %	15.66	3.05	58.32	58.32	3.05
Gamma HHI	0.16	0.11	0.35	0.17	0.14
Net GEX	380.5K	45.4K	916.1K	45.4K	540.8K
Net DEX	-89.3M	-280.8M	-6.4M	-6.4M	-91.1M
Net VEX	-319.1K	-667.3K	-52.6K	-53.0K	-552.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.23	0.01	0.54	0.04	0.36
Total Volume	591,467.273	3,339	3,218,987	23,901	313,637
Total OI	1,253,142.773	426,357	2,660,402	426,357	2,336,406

Daily Data (22 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
2025-07-01	$0.58	$0.50	151.5%	38.2%	94.8%	88.9%	133.4%	-67.1%	2.4%	45.4K	-6.4M	-53.0K	0.04	58.32	23,001	900	387,400	38,957
2025-07-02	$0.56	$0.50	302.5%	24.7%	95.4%	100.0%	110.3%	-26.8%	-14.0%	45.8K	-6.5M	-52.6K	0.03	56.30	3,251	88	401,165	39,767
2025-07-03	$0.61	$0.50	123.1%	35.7%	98.8%	26.5%	136.6%	-39.4%	-52.6%	52.7K	-7.5M	-57.9K	0.07	9.78	5,198	349	401,945	39,734
2025-07-07	$0.62	$0.50	121.3%	35.5%	96.2%	25.8%	132.3%	-43.5%	18.5%	52.8K	-7.0M	-55.3K	0.06	15.45	10,805	686	396,090	38,146
2025-07-08	$0.73	$0.50	178.0%	35.9%	112.5%	49.0%	157.3%	-28.5%	-159.4%	70.5K	-10.7M	-69.1K	0.05	28.30	38,961	1,820	403,388	38,694
2025-07-09	$0.75	$0.50	92.2%	41.4%	94.9%	13.9%	151.6%	-26.5%	-34.3%	68.8K	-10.8M	-69.7K	0.01	12.90	28,969	401	415,223	39,894
2025-07-10	$0.86	$0.50	165.1%	48.0%	104.5%	43.7%	164.4%	13.7%	0.4%	90.2K	-15.5M	-78.8K	0.01	10.47	57,294	862	433,821	40,082
2025-07-11	$0.77	$0.50	167.2%	45.1%	114.0%	44.6%	163.8%	-22.8%	-17.8%	83.4K	-15.1M	-79.9K	0.04	16.53	74,579	3,192	461,868	40,523
2025-07-14	$0.89	$0.50	194.1%	55.0%	122.8%	55.6%	193.3%	-22.4%	-10.5%	116.3K	-21.0M	-97.9K	0.02	29.94	116,836	2,424	497,060	41,632
2025-07-15	$1.02	$0.50	201.8%	57.1%	126.4%	58.8%	204.4%	-48.4%	-10.3%	211.4K	-32.6M	-126.9K	0.10	7.54	214,488	22,300	563,567	43,738
2025-07-16	$1.42	$0.50	253.9%	72.8%	164.2%	80.1%	261.1%	-28.9%	-12.4%	247.7K	-59.7M	-183.5K	0.09	8.61	598,434	52,202	629,243	60,855
2025-07-17	$1.63	$0.50	261.6%	75.5%	166.9%	83.2%	278.3%	-32.9%	-9.1%	338.3K	-104.0M	-278.5K	0.23	9.88	702,685	162,884	890,919	90,332
2025-07-18	$2.19	$1.00	288.5%	84.7%	187.6%	94.2%	294.4%	-15.0%	-24.2%	494.8K	-184.0M	-379.4K	0.20	5.56	882,547	180,493	1,110,731	157,033
2025-07-21	$3.09	$1.00	322.7%	97.4%	200.4%	100.0%	354.4%	-3.6%	-27.2%	678.8K	-280.8M	-484.6K	0.50	7.02	2,145,922	1,073,065	1,130,146	181,379
2025-07-22	$2.90	$1.50	259.6%	78.7%	206.2%	76.1%	303.0%	-60.5%	-8.6%	780.7K	-238.4M	-619.6K	0.54	8.26	1,244,534	669,411	1,445,384	609,310
2025-07-23	$2.34	$1.50	253.5%	77.2%	231.1%	73.8%	293.3%	-81.3%	-24.6%	504.4K	-146.5M	-637.5K	0.53	15.51	860,557	455,337	1,634,317	753,793
2025-07-24	$2.44	$2.00	241.6%	74.0%	224.9%	69.3%	287.0%	-88.6%	-70.3%	715.6K	-163.2M	-667.3K	0.37	15.24	673,556	248,495	1,763,227	795,702
2025-07-25	$2.50	$2.00	219.3%	67.7%	225.2%	60.9%	270.7%	-93.8%	-4.0%	887.2K	-171.8M	-665.6K	0.49	10.43	458,269	224,828	1,847,949	812,453
2025-07-28	$2.33	$2.00	196.6%	60.9%	231.2%	52.3%	224.3%	-56.2%	-6.8%	916.1K	-158.6M	-635.8K	0.47	4.53	309,622	145,402	1,549,995	528,279
2025-07-29	$2.08	$2.00	177.7%	55.9%	237.5%	45.2%	221.2%	-35.7%	-10.0%	689.2K	-113.8M	-581.1K	0.48	7.32	431,667	209,112	1,629,522	568,108
2025-07-30	$2.08	$2.00	170.1%	53.2%	238.7%	42.3%	213.0%	-34.8%	-0.2%	739.8K	-119.7M	-593.3K	0.32	3.65	274,825	88,392	1,679,714	601,650
2025-07-31	$1.88	$2.00	167.3%	53.5%	243.4%	41.2%	199.3%	-37.6%	2.7%	540.8K	-91.1M	-552.9K	0.36	3.05	231,208	82,429	1,730,035	606,371