ORBS Options History — November 2025

In November 2025, ORBS traded between $2.41 and $4.58. ATM implied volatility averaged 234.4%. The 30-day expected move averaged 65.8%. IV traded above realized volatility by 107.8% (HV 20d: 126.6%). Max pain ranged from $5.00 to $10.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 3.68.

Notable Days

  • 2025-11-21: Highest Volume — 11,537 contracts
  • 2025-11-11: Largest IV spike — 81.3% change
  • 2025-11-12: Largest Expected Move — 102.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.38$2.41$4.58$4.33$2.62
Max Pain$7.50$5.00$10.00$10.00$5.00
ATM IV234.4%161.6%380.2%168.0%224.0%
Expected Move65.8%46.3%102.9%48.2%64.2%
HV 20d126.6%98.1%148.7%99.0%144.8%
Term Structure-32.8%-250.2%95.4%32.1%-26.8%
VWIV219.9%125.1%294.6%181.1%263.4%
Skew 25d33.1%-55.7%237.8%3.5%35.0%
Skew 10d14.1%-59.5%124.9%-7.9%35.0%
Call IV 25d213.4%150.6%269.1%190.4%206.5%
Put IV 25d246.5%191.4%388.4%193.9%241.5%
Bid-Ask Spread %70.2138.4789.5468.8253.12
Gamma HHI0.370.250.660.380.29
Net GEX-28.4K-91.6K-6.9K-73.4K-10.0K
Net DEX8.1M3.7M10.8M8.8M3.8M
Net VEX-18.1K-23.4K-14.2K-22.3K-17.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.680.2012.620.451.43
Total Volume5,601.7891,27611,5371,4002,384
Total OI83,380.15858,104108,61570,76467,031

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$4.33$10.00168.0%48.2%99.0%0.0%181.1%3.5%32.1%-73.4K8.8M-22.3K0.4568.82N/AN/A96543525,92744,837
2025-11-04$4.35$10.00166.1%47.6%98.1%0.0%162.6%20.9%42.6%-66.0K9.0M-19.8K0.2066.13N/AN/A1,51530626,65844,983
2025-11-05$4.58$10.00161.6%46.3%101.9%0.0%165.4%26.6%40.1%-72.1K8.8M-21.5K0.7467.18N/AN/A73454227,22844,971
2025-11-06$4.03$7.50173.2%60.8%104.0%0.0%125.1%-4.2%-40.9%-6.9K10.8M-14.6K4.3980.44N/AN/A1,2055,28927,50344,812
2025-11-07$4.50$10.00167.4%58.1%115.4%0.0%210.9%4.2%-27.0%-91.6K9.3M-23.4K1.9068.53N/AN/A1,1292,14226,68849,199
2025-11-10$3.90$7.50209.7%63.5%116.1%0.0%212.7%-55.7%-0.5%-12.9K10.8M-18.6K11.4166.93N/AN/A6847,80527,66750,104
2025-11-11$3.61$7.50380.2%57.4%116.0%0.0%235.1%85.9%1.9%-11.5K10.1M-19.2K12.6286.05N/AN/A4976,27428,16856,572
2025-11-12$3.37$7.50358.8%102.9%116.1%0.0%277.3%237.8%-234.5%-7.0K8.7M-18.5K10.3689.54N/AN/A8428,72128,51860,199
2025-11-13$2.86$7.50240.9%69.1%121.5%0.0%291.0%7.4%-28.1%-9.1K8.4M-15.0K0.4780.29N/AN/A6,9323,26828,87766,645
2025-11-14$2.67$7.50345.0%98.9%121.3%0.0%226.5%80.6%-250.2%-68.9K9.3M-19.2K0.9784.35N/AN/A3,4663,37434,77166,409
2025-11-17$2.96$7.50299.8%85.9%134.1%0.0%251.4%51.5%-153.0%-12.7K9.1M-14.2K3.1988.44N/AN/A8422,68937,69266,147
2025-11-18$3.46$7.50206.4%59.2%148.7%0.0%241.3%24.1%-59.5%-12.9K9.4M-17.5K1.6764.54N/AN/A1,8713,12538,18766,228
2025-11-19$3.44$7.50213.2%61.1%141.5%0.0%246.3%42.8%71.1%-14.4K8.6M-18.5K5.4174.86N/AN/A7694,16340,21164,432
2025-11-20$3.19$7.50234.4%67.2%141.3%0.0%254.0%45.9%95.4%-14.0K7.3M-17.6K10.4474.59N/AN/A8759,13540,46661,418
2025-11-21$2.74$7.50217.2%62.3%146.9%0.0%174.0%-22.4%-41.7%-21.9K8.6M-15.6K0.9880.15N/AN/A5,8125,72540,79267,823
2025-11-24$2.63$5.00221.3%63.4%145.7%0.0%294.6%27.4%-10.5%-12.1K3.7M-17.3K1.6138.47N/AN/A1,1551,85425,78232,322
2025-11-25$2.41$5.00249.0%71.4%144.6%0.0%130.7%6.8%-32.9%-10.7K4.2M-15.1K1.0344.04N/AN/A3,6693,79226,59233,397
2025-11-26$2.54$5.00217.3%62.3%147.6%0.0%235.1%10.4%-1.8%-12.1K4.6M-17.9K0.6757.58N/AN/A1,46998028,35636,611
2025-11-28$2.62$5.00224.0%64.2%144.8%0.0%263.4%35.0%-26.8%-10.0K3.8M-17.2K1.4353.12N/AN/A9821,40229,55737,474