OPEN Options History — August 2025

In August 2025, OPEN traded between $1.83 and $5.05. ATM implied volatility averaged 185.9%, placing in the 48.3% IV rank vs the trailing year. The 30-day expected move averaged 53.2%. IV traded below realized volatility by 48.5% (HV 20d: 234.4%). Max pain ranged from $1.50 to $3.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.32.

Notable Days

2025-08-22: Highest Volume — 2,354,360 contracts
2025-08-14: Largest IV spike — 25.4% change
2025-08-25: Highest IV Rank — 67.3%
2025-08-22: Largest Expected Move — 68.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.22	$1.83	$5.05	$2.02	$4.42
Max Pain	$2.29	$1.50	$3.00	$2.00	$3.00
ATM IV	185.9%	137.1%	236.2%	179.8%	175.5%
Expected Move	53.2%	38.4%	68.8%	58.3%	51.2%
HV 20d	234.4%	189.5%	274.0%	243.3%	220.2%
HV 60d	185.4%	176.8%	198.7%	179.4%	198.6%
IV Rank	48.3%	29.8%	67.3%	45.9%	44.3%
IV Percentile	93.2%	88.1%	96.8%	95.2%	88.9%
Term Structure	-3.2%	-12.4%	5.6%	-7.5%	-0.6%
VWIV	196.6%	144.3%	250.2%	223.0%	187.5%
Skew 25d	-30.7%	-46.0%	-13.9%	-33.5%	-33.9%
Skew 10d	-36.7%	-68.6%	32.0%	32.0%	-43.7%
Call IV 25d	212.0%	162.9%	268.8%	212.1%	201.6%
Put IV 25d	181.2%	138.4%	232.6%	178.6%	167.7%
Bid-Ask Spread %	5.98	3.64	9.01	3.74	4.08
Gamma HHI	0.18	0.12	0.60	0.14	0.15
Net GEX	1.8M	535.5K	7.2M	711.9K	2.0M
Net DEX	-310.8M	-728.0M	-85.5M	-125.1M	-427.6M
Net VEX	-903.9K	-1.3M	-555.3K	-591.8K	-1.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.17	0.44	0.34	0.32
Total Volume	843,065.429	244,230	2,354,360	505,155	964,230
Total OI	2,417,909.667	1,984,146	3,048,656	2,341,074	3,048,656

Daily Data (21 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
2025-08-01	$2.02	$2.00	179.8%	58.3%	243.3%	45.9%	223.0%	-33.5%	-7.5%	711.9K	-125.1M	-591.8K	0.34	3.74	376,719	128,436	1,747,514	593,560
2025-08-04	$2.49	$2.50	194.3%	51.7%	248.3%	51.4%	192.9%	-36.5%	-8.1%	1.1M	-198.5M	-681.0K	0.27	9.01	446,816	120,833	1,562,290	483,277
2025-08-05	$2.50	$2.50	188.8%	51.3%	246.8%	49.3%	189.8%	-23.4%	-4.9%	1.3M	-209.2M	-707.9K	0.28	8.92	377,826	106,506	1,708,870	526,103
2025-08-06	$1.90	$2.50	150.5%	42.3%	274.0%	34.9%	163.4%	-31.5%	3.1%	535.5K	-95.6M	-570.7K	0.43	5.80	545,653	233,767	1,816,368	580,884
2025-08-07	$1.83	$2.00	149.1%	41.7%	273.4%	34.4%	156.7%	-13.9%	-1.7%	569.9K	-85.5M	-555.3K	0.38	7.75	272,139	104,527	1,837,065	562,616
2025-08-08	$1.96	$2.00	137.1%	38.4%	267.9%	29.8%	144.3%	-24.5%	-4.3%	696.7K	-104.9M	-584.0K	0.44	5.78	169,241	74,989	1,856,718	565,245
2025-08-11	$2.27	$2.00	147.9%	42.6%	268.0%	33.9%	154.8%	-26.0%	4.0%	1.0M	-161.7M	-648.8K	0.22	8.82	363,509	79,958	1,546,637	437,509
2025-08-12	$2.45	$2.00	159.5%	44.7%	266.1%	38.3%	168.1%	-29.3%	-3.6%	1.4M	-201.6M	-684.0K	0.22	6.71	533,805	119,746	1,657,267	446,715
2025-08-13	$2.45	$2.00	159.8%	45.3%	243.8%	38.4%	164.5%	-31.3%	-1.7%	1.6M	-197.7M	-680.7K	0.21	6.04	243,654	51,775	1,695,521	449,402
2025-08-14	$2.99	$2.00	200.3%	55.2%	248.4%	53.7%	212.3%	-33.5%	-10.2%	2.0M	-303.1M	-775.5K	0.19	4.33	932,327	177,448	1,727,268	457,784
2025-08-15	$3.25	$1.50	193.1%	54.5%	229.1%	51.0%	209.5%	-19.8%	-4.0%	1.4M	-352.8M	-843.1K	0.17	4.97	1,042,610	180,355	1,850,703	519,516
2025-08-18	$3.81	$2.00	218.9%	62.5%	202.1%	60.7%	222.0%	-46.0%	-9.1%	1.9M	-418.2M	-953.1K	0.30	4.36	955,765	287,666	1,642,967	400,605
2025-08-19	$3.63	$2.00	216.0%	61.6%	201.4%	59.6%	224.4%	-38.0%	5.6%	2.2M	-410.8M	-1.1M	0.37	6.07	587,458	219,926	1,882,086	532,494
2025-08-20	$3.23	$2.00	188.6%	54.1%	189.5%	49.3%	202.4%	-36.9%	1.9%	1.8M	-315.1M	-1.0M	0.35	7.20	466,383	161,235	1,960,011	619,472
2025-08-21	$3.60	$2.50	200.0%	57.5%	192.2%	53.6%	213.5%	-35.2%	-1.6%	2.5M	-381.9M	-1.1M	0.26	6.33	478,586	125,301	1,948,982	636,701
2025-08-22	$5.05	$2.50	236.1%	68.8%	223.1%	67.2%	247.2%	-36.2%	-12.4%	7.2M	-728.0M	-1.2M	0.28	3.64	1,834,947	519,413	1,977,308	638,069
2025-08-25	$4.88	$2.50	236.2%	68.6%	221.2%	67.3%	250.2%	-29.3%	-4.0%	2.1M	-564.2M	-1.2M	0.43	5.41	1,326,035	573,384	1,674,585	636,235
2025-08-26	$4.58	$2.50	209.1%	60.6%	217.4%	57.0%	217.5%	-30.6%	-3.6%	2.2M	-481.9M	-1.3M	0.42	4.36	702,630	295,585	1,883,356	828,154
2025-08-27	$4.00	$3.00	181.1%	52.8%	225.8%	46.5%	195.1%	-28.0%	-1.6%	1.5M	-350.1M	-1.2M	0.37	6.58	608,806	223,637	1,989,822	884,483
2025-08-28	$4.29	$3.00	182.8%	52.7%	220.4%	47.1%	189.7%	-28.2%	-3.8%	2.0M	-412.3M	-1.3M	0.38	5.72	500,502	190,246	2,062,910	900,375
2025-08-29	$4.42	$3.00	175.5%	51.2%	220.2%	44.3%	187.5%	-33.9%	-0.6%	2.0M	-427.6M	-1.3M	0.32	4.08	730,326	233,904	2,126,518	922,138