ORBS Options History — October 2025

In October 2025, ORBS traded between $4.59 and $10.07. ATM implied volatility averaged 188.8%. The 30-day expected move averaged 54.0%. IV traded above realized volatility by 86.5% (HV 20d: 102.4%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 0 of 16 trading days. Term structure was in contango for 9 of 16 days. Put/call ratio averaged 2.64.

Notable Days

  • 2025-10-10: Highest Volume — 38,753 contracts
  • 2025-10-21: Largest IV spike — 61.0% change
  • 2025-10-10: Largest Expected Move — 78.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.44$4.59$10.07$9.57$4.59
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV188.8%123.0%262.7%262.7%168.5%
Expected Move54.0%35.3%78.5%78.5%48.3%
HV 20d102.4%102.4%102.4%102.4%102.4%
Term Structure1.5%-38.9%38.9%-15.3%29.8%
VWIV191.1%162.5%259.7%259.7%185.7%
Skew 25d-7.0%-56.0%64.5%64.5%16.6%
Skew 10d-25.6%-97.7%46.0%46.0%19.8%
Call IV 25d196.1%167.3%252.8%216.5%183.6%
Put IV 25d189.0%137.9%281.0%281.0%200.2%
Bid-Ask Spread %44.9731.9658.1641.2258.16
Gamma HHI0.400.190.610.330.37
Net GEX-80.1K-150.2K-16.1K-58.9K-77.9K
Net DEX3.2M-4.8M8.2M-4.8M8.2M
Net VEX-27.4K-34.2K-21.9K-28.1K-24.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.640.5212.241.761.05
Total Volume9,284.1881,57438,75338,7532,545
Total OI59,773.93836,78871,66269,81769,385

Daily Data (16 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-10$9.57$10.00262.7%78.5%0.0%0.0%259.7%64.5%-15.3%-58.9K-4.8M-28.1K1.7641.22N/AN/A14,01924,73424,46645,351
2025-10-13$10.07$10.00239.2%66.0%0.0%0.0%213.1%-56.0%-36.3%-43.7K-409.3K-29.3K1.5236.09N/AN/A2,6874,07721,15339,322
2025-10-14$9.91$10.00235.5%64.3%0.0%0.0%209.0%-16.0%-38.9%-35.0K-3.8M-24.3K1.8741.89N/AN/A1,6353,06121,64439,543
2025-10-15$9.30$10.00199.0%57.0%0.0%0.0%196.2%-30.3%-28.5%-74.9K-1.5M-23.1K2.9038.27N/AN/A2,1956,36221,70540,341
2025-10-16$9.23$10.00196.7%56.4%0.0%0.0%206.4%-26.5%-17.9%-16.1K316.8K-21.9K2.5945.08N/AN/A3,5029,08021,94143,148
2025-10-17$8.88$10.00182.6%52.3%0.0%0.0%184.2%3.3%26.4%-21.6K477.3K-26.2K1.4231.96N/AN/A2,3123,29123,55548,107
2025-10-20$8.66$10.00123.0%35.3%0.0%0.0%162.5%2.1%38.9%-73.5K1.0M-22.5K2.7532.30N/AN/A1,6464,53115,21121,577
2025-10-21$7.49$10.00198.0%56.8%0.0%0.0%207.0%10.7%-7.4%-93.8K3.2M-26.9K5.6242.02N/AN/A2,97816,72816,49324,102
2025-10-22$6.36$10.00179.1%51.3%0.0%0.0%168.9%-16.4%27.5%-133.8K6.7M-30.9K2.2048.21N/AN/A1,5493,40318,50933,841
2025-10-23$6.45$10.00174.3%50.0%0.0%0.0%170.0%-25.9%9.8%-150.2K6.8M-30.1K2.6952.16N/AN/A2,2286,00419,13535,317
2025-10-24$6.36$10.00187.3%53.7%0.0%0.0%183.6%-17.5%3.0%-107.7K5.8M-34.2K1.2243.03N/AN/A70886620,54437,451
2025-10-27$6.42$10.00178.6%51.2%0.0%0.0%175.8%-7.2%9.4%-115.5K6.0M-33.1K12.2445.11N/AN/A96811,85120,56937,850
2025-10-28$5.76$10.00161.8%46.4%0.0%0.0%174.6%-47.5%-10.7%-99.4K7.3M-31.3K0.7357.90N/AN/A1,7631,28521,03644,167
2025-10-29$5.29$10.00163.2%46.8%0.0%0.0%166.3%10.9%0.7%-104.8K7.9M-29.3K0.5254.60N/AN/A2,0591,08022,33544,418
2025-10-30$4.63$10.00171.9%49.3%0.0%0.0%194.2%22.4%33.8%-74.3K8.0M-23.1K1.2151.54N/AN/A4,2515,14923,22240,945
2025-10-31$4.59$10.00168.5%48.3%102.4%0.0%185.7%16.6%29.8%-77.9K8.2M-24.8K1.0558.16N/AN/A1,2401,30525,17344,212