OPEN Options History — November 2025

In November 2025, OPEN traded between $6.21 and $9.14. ATM implied volatility averaged 128.7%, placing in the 26.6% IV rank vs the trailing year. The 30-day expected move averaged 37.6%. IV traded above realized volatility by 8.7% (HV 20d: 120.0%). Max pain ranged from $6.00 to $7.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.35.

Notable Days

  • 2025-11-07: Highest Volume — 871,215 contracts
  • 2025-11-07: Largest IV drop — 15.4% change
  • 2025-11-13: Highest IV Rank — 33.7%
  • 2025-11-05: Largest Expected Move — 43.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.61$6.21$9.14$7.51$7.69
Max Pain$6.61$6.00$7.00$6.00$7.00
ATM IV128.7%106.8%147.5%131.6%106.8%
Expected Move37.6%31.8%43.0%39.6%31.8%
HV 20d120.0%83.2%146.0%83.2%143.5%
HV 60d188.1%180.0%196.0%195.0%180.2%
IV Rank26.6%18.3%33.7%27.7%18.3%
IV Percentile57.1%32.1%73.4%61.9%32.1%
Term Structure-0.5%-9.6%11.6%2.4%2.7%
VWIV134.5%112.1%158.7%147.0%112.1%
Skew 25d-15.1%-100.8%5.6%-32.0%-6.6%
Skew 10d-16.0%-50.3%7.2%-37.6%-50.3%
Call IV 25d137.1%112.2%159.7%159.7%112.2%
Put IV 25d122.0%34.7%144.7%127.6%105.6%
Bid-Ask Spread %15.988.6928.6215.3028.62
Gamma HHI0.180.090.830.110.18
Net GEX4.2M323.1K9.4M4.7M1.4M
Net DEX-533.1M-1.15B-422.7K-708.5M-66.7M
Net VEX-1.7M-2.7M-71.4K-2.3M-211.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.210.730.270.24
Total Volume337,186.4740871,215195,491160,447
Total OI1,912,926.263152,7032,895,9572,522,915397,786

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$7.51$6.00131.6%39.6%83.2%27.7%147.0%-32.0%2.4%4.7M-708.5M-2.3M0.2715.30154,24641,2451,836,400686,515
2025-11-04$6.92$6.00133.3%41.4%86.8%28.4%151.9%-11.3%2.2%3.8M-592.8M-2.2M0.2116.85219,23645,4421,882,661700,471
2025-11-05$7.38$6.00144.4%43.0%88.0%32.6%158.7%-16.2%0.1%5.1M-707.1M-2.3M0.3414.21170,83058,7061,926,213716,483
2025-11-06$6.72$7.00142.7%41.5%92.8%31.9%148.4%-21.8%-7.5%4.0M-575.6M-2.1M0.499.60220,861109,1801,950,021728,194
2025-11-07$6.46$7.00120.8%36.5%90.8%23.6%130.8%-9.1%11.6%1.2M-446.0M-2.0M0.4818.42588,596282,6192,032,544775,752
2025-11-10$7.99$6.00134.7%38.7%118.3%28.9%138.2%-10.5%-0.4%5.6M-819.7M-2.4M0.248.69562,602133,1421,802,156658,251
2025-11-11$8.54$6.00134.1%38.6%119.8%28.7%136.1%-5.8%-2.2%8.4M-970.7M-2.5M0.2311.01424,02798,2161,939,378689,741
2025-11-12$9.14$7.00138.1%39.8%121.3%30.2%141.3%-3.1%0.2%9.4M-1.15B-2.7M0.2710.32481,321131,6791,986,507722,609
2025-11-13$8.77$7.00147.5%41.7%121.0%33.7%147.0%-12.1%-1.9%9.4M-1.05B-2.7M0.348.92416,541141,0492,077,812765,496
2025-11-14$8.14$7.00131.9%38.2%124.7%27.8%137.1%-13.9%1.4%5.6M-847.7M-2.6M0.359.71368,054127,7852,101,874794,083
2025-11-17$7.96$7.00129.7%37.2%124.2%27.0%132.2%-10.3%-3.7%5.6M-774.2M-2.4M0.3812.50301,868113,9001,908,074687,308
2025-11-18$7.33$7.00128.3%36.7%126.0%26.5%0.0%5.6%1.1%3.6M-617.2M-2.3M0.0015.06001,924,664729,252
2025-11-19$7.41$7.00129.8%37.2%125.7%27.0%0.0%-100.8%-9.6%3.6M-630.4M-2.3M0.0025.95001,902,469716,218
2025-11-20$6.21$7.00125.1%36.2%140.3%25.3%129.5%-11.0%-4.3%323.1K-422.7K-80.1K0.7314.19100,63173,570151,22468,017
2025-11-21$6.94$7.00123.2%35.2%137.9%24.5%123.3%-9.1%-2.7%2.5M-5.3M-71.4K0.4016.63171,33669,231170,255120,823
2025-11-24$7.91$6.00117.9%34.3%146.0%22.5%120.7%-6.4%6.4%757.9K-41.2M-106.1K0.3427.03225,95677,698101,26751,436
2025-11-25$7.81$6.00116.7%34.0%145.4%22.1%119.7%-1.2%-4.9%2.1M-62.2M-185.5K0.3224.88124,01939,185214,40385,687
2025-11-26$7.83$6.50109.3%32.4%144.9%19.3%113.1%-11.1%-1.1%2.7M-67.9M-205.9K0.3115.74132,29941,026248,33895,217
2025-11-28$7.69$7.00106.8%31.8%143.5%18.3%112.1%-6.6%2.7%1.4M-66.7M-211.2K0.2428.62128,88931,558290,654107,132