ORBS Options History — December 2025

In December 2025, ORBS traded between $1.65 and $2.96. ATM implied volatility averaged 197.0%. The 30-day expected move averaged 54.7%. IV traded above realized volatility by 67.6% (HV 20d: 129.5%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 2.97.

Notable Days

  • 2025-12-29: Highest Volume — 13,674 contracts
  • 2025-12-31: Largest IV spike — 16.1% change
  • 2025-12-03: Largest Expected Move — 68.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.40$1.65$2.96$2.59$1.65
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV197.0%162.3%243.5%220.5%193.7%
Expected Move54.7%46.5%68.4%63.2%55.5%
HV 20d129.5%107.4%153.2%144.8%121.5%
HV 60d125.3%123.5%128.0%125.8%126.4%
Term Structure-28.6%-195.6%27.3%-22.8%-144.7%
VWIV190.4%111.2%277.2%210.6%166.4%
Skew 25d1.4%-39.6%137.2%24.8%-25.3%
Skew 10d13.6%-63.6%155.8%32.6%-47.6%
Call IV 25d198.0%105.4%233.5%222.5%190.1%
Put IV 25d199.5%131.6%281.1%247.3%164.8%
Bid-Ask Spread %58.4014.3694.4168.0246.43
Gamma HHI0.380.230.530.480.24
Net GEX-11.8K-25.4K-1.8K-16.8K-3.1K
Net DEX4.7M2.8M7.5M5.6M3.0M
Net VEX-14.7K-22.9K-7.9K-15.7K-9.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.970.2312.191.121.27
Total Volume3,195.36438913,6742,4152,058
Total OI71,129.36453,42582,95468,44865,683

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$2.59$5.00220.5%63.2%144.8%0.0%210.6%24.8%-22.8%-16.8K5.6M-15.7K1.1268.02N/AN/A1,1381,27730,33038,118
2025-12-02$2.85$5.00226.6%65.0%150.8%0.0%277.2%84.1%8.7%-20.8K4.8M-18.3K1.3256.45N/AN/A1,7552,31230,84238,358
2025-12-03$2.62$5.00238.4%68.4%152.1%0.0%153.2%-1.3%-36.6%-23.4K5.5M-10.9K5.0658.02N/AN/A6313,19231,56639,505
2025-12-04$2.80$5.00211.3%53.1%153.2%0.0%111.2%-15.4%-2.1%-14.4K5.1M-16.2K12.1980.79N/AN/A3434,18131,79741,674
2025-12-05$2.58$5.00210.5%54.2%149.9%0.0%208.8%-39.6%-28.8%-11.3K4.3M-16.8K5.3370.93N/AN/A4562,43132,02743,288
2025-12-08$2.64$5.00231.0%58.0%142.7%0.0%215.5%-15.2%-29.7%-24.8K5.7M-18.0K4.1266.23N/AN/A4841,99632,12143,961
2025-12-09$2.85$5.00243.5%53.5%140.2%0.0%220.9%-19.2%-37.9%-25.4K4.9M-21.8K0.5364.79N/AN/A2,5591,36832,70944,264
2025-12-10$2.96$5.00207.6%59.5%139.4%0.0%226.6%-16.6%-36.9%-13.2K4.9M-18.4K0.4071.18N/AN/A3,1311,24634,32244,333
2025-12-11$2.88$5.00190.7%54.7%137.9%0.0%246.4%45.5%-16.0%-19.1K4.6M-22.9K1.1161.57N/AN/A1,9362,15736,85244,650
2025-12-12$2.75$5.00189.5%54.3%126.0%0.0%223.3%15.3%-22.6%-12.5K4.4M-17.6K0.7648.62N/AN/A1,3511,02838,00744,907
2025-12-15$2.49$5.00195.3%56.0%128.6%0.0%202.5%-2.3%-40.5%-7.6K5.6M-17.8K5.2538.93N/AN/A4902,57337,78645,168
2025-12-16$2.62$5.00184.8%53.0%124.1%0.0%193.7%6.5%-7.7%-5.1K5.0M-17.9K1.3353.59N/AN/A70994537,91544,319
2025-12-17$2.39$5.00184.8%53.0%111.7%0.0%149.7%-19.7%-10.2%-4.2K6.2M-15.3K3.3223.90N/AN/A4151,37937,91044,603
2025-12-18$2.34$5.00179.2%51.4%111.6%0.0%208.8%-27.9%-15.8%-10.8K6.9M-14.5K5.0844.70N/AN/A3721,88837,71844,219
2025-12-19$2.46$5.00185.3%53.1%112.1%0.0%124.6%-23.7%-20.6%-13.5K7.5M-13.7K6.7037.42N/AN/A4513,02137,90944,259
2025-12-22$2.18$5.00173.7%49.8%107.4%0.0%201.2%-32.3%-5.3%-9.9K3.4M-12.3K0.2614.36N/AN/A1,70544025,80927,616
2025-12-23$1.94$5.00162.3%46.5%113.4%0.0%154.0%3.0%-16.6%-7.8K3.4M-9.6K0.2394.41N/AN/A62614426,16127,697
2025-12-24$1.88$5.00177.6%50.9%110.4%0.0%147.0%137.2%13.1%-5.9K3.4M-9.0K0.6190.02N/AN/A24114826,17727,716
2025-12-26$1.65$5.00177.8%51.0%115.1%0.0%191.2%-29.8%-195.6%-1.8K3.0M-7.9K8.6678.24N/AN/A10389226,27027,730
2025-12-29$1.88$5.00183.1%52.5%126.0%0.0%191.8%8.7%27.3%-5.7K3.4M-8.7K0.3856.40N/AN/A9,8953,77926,35428,049
2025-12-30$1.71$5.00166.9%47.8%129.0%0.0%163.7%-25.5%13.1%-3.1K2.8M-10.4K0.3759.89N/AN/A2,22083233,09231,055
2025-12-31$1.65$5.00193.7%55.5%121.5%0.0%166.4%-25.3%-144.7%-3.1K3.0M-9.6K1.2746.43N/AN/A9061,15234,33731,346