S Options History — February 2025

In February 2025, S traded between $20.34 and $24.86. ATM implied volatility averaged 60.0%, placing in the 42.5% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded above realized volatility by 29.9% (HV 20d: 30.1%). Max pain ranged from $23.00 to $23.50. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.42.

Notable Days

  • 2025-02-25: Highest Volume — 10,792 contracts
  • 2025-02-10: Largest IV spike — 20.6% change
  • 2025-02-25: Highest IV Rank — 59.2%
  • 2025-02-28: Largest Expected Move — 22.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.11$20.34$24.86$23.77$20.49
Max Pain$23.08$23.00$23.50$23.50$23.00
ATM IV60.0%41.0%69.4%42.6%69.1%
Expected Move18.1%11.8%22.3%12.1%22.3%
HV 20d30.1%25.3%39.2%25.7%36.3%
HV 60d46.2%45.3%47.6%47.6%46.9%
IV Rank42.5%8.3%59.2%11.2%58.8%
IV Percentile69.5%26.6%87.7%36.1%86.9%
Term Structure1.5%-5.7%17.0%13.6%-3.7%
VWIV62.3%41.4%76.1%42.3%75.2%
Skew 25d2.8%0.8%4.1%2.2%4.1%
Skew 10d4.8%-12.0%15.8%8.4%5.2%
Call IV 25d58.6%38.6%69.2%41.7%69.0%
Put IV 25d61.4%41.9%73.1%43.9%73.1%
Bid-Ask Spread %33.8227.8650.6240.4331.91
Gamma HHI0.140.060.360.120.16
Net GEX2.2M-514.6K6.1M2.4M-514.6K
Net DEX-58.6M-104.9M-7.5M-71.9M-13.7M
Net VEX-683.1K-732.5K-588.0K-721.1K-606.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.091.930.090.53
Total Volume5,684.5792,57510,7923,9962,762
Total OI176,964166,167190,957166,167183,866

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$23.77$23.5042.6%12.1%25.7%11.2%42.3%2.2%13.6%2.4M-71.9M-721.1K0.0940.43N/AN/A3,658338113,83452,333
2025-02-04$23.64$23.5041.8%11.9%25.7%9.8%41.5%2.2%16.6%2.5M-69.2M-713.1K0.4145.49N/AN/A1,968803115,63052,719
2025-02-05$23.89$23.5041.0%11.8%25.8%8.3%41.4%3.0%17.0%2.8M-74.6M-720.5K0.1250.62N/AN/A2,296279116,87553,291
2025-02-06$23.84$23.0043.7%17.0%25.3%13.2%57.3%3.2%16.6%2.8M-73.4M-715.7K0.1029.26N/AN/A6,557670117,23053,453
2025-02-07$23.98$23.0047.0%17.3%25.3%19.2%58.8%2.6%16.5%4.8M-76.5M-721.1K0.1629.05N/AN/A3,119502120,95753,855
2025-02-10$24.55$23.0056.7%17.4%26.1%36.6%60.3%1.8%0.3%3.0M-90.9M-729.5K0.2631.10N/AN/A4,3521,114116,00353,221
2025-02-11$24.09$23.0060.2%17.6%26.2%42.8%61.2%1.4%-1.3%2.7M-77.6M-724.5K0.3027.86N/AN/A3,150955118,25054,625
2025-02-12$24.19$23.0062.5%17.4%25.6%46.9%60.5%3.3%-1.6%3.0M-81.0M-724.1K0.1428.29N/AN/A3,028421120,02255,087
2025-02-13$24.84$23.0066.2%17.8%26.5%53.5%62.1%3.3%-4.4%4.1M-101.0M-731.4K0.0935.11N/AN/A9,120850121,40755,309
2025-02-14$24.86$23.0064.6%17.5%25.3%50.7%61.0%3.8%-5.7%6.1M-104.9M-732.5K0.2830.40N/AN/A4,7241,312126,05256,047
2025-02-18$24.51$23.0066.1%18.8%26.2%53.4%64.0%1.0%-5.4%4.3M-89.9M-712.1K0.3035.30N/AN/A4,3451,310124,12055,915
2025-02-19$22.93$23.0066.8%19.1%36.3%54.6%67.0%2.8%-4.4%1.2M-47.2M-662.7K1.9335.52N/AN/A3,1506,075126,50057,003
2025-02-20$22.80$23.0067.6%19.6%34.7%56.1%68.2%2.7%-4.8%221.4K-39.9M-669.7K0.2735.89N/AN/A5,4871,479127,10461,650
2025-02-21$22.26$23.0068.1%20.0%35.5%57.0%68.7%4.1%-5.4%639.9K-28.8M-651.8K0.3737.91N/AN/A4,0711,516129,18261,775
2025-02-24$22.02$23.0068.5%20.6%35.5%57.8%71.1%3.8%-3.7%695.6K-30.6M-631.5K0.3230.21N/AN/A5,8511,900114,65356,366
2025-02-25$20.96$23.0069.4%21.1%39.2%59.2%72.7%3.9%-4.3%384.3K-14.4M-603.9K0.8430.05N/AN/A5,8774,915118,42057,867
2025-02-26$21.11$23.0069.1%21.4%35.1%58.7%74.1%3.3%-3.2%399.0K-19.8M-619.1K0.2429.21N/AN/A3,369818121,96557,955
2025-02-27$20.34$23.0069.1%22.1%36.5%58.8%76.1%0.8%-3.6%69.4K-7.5M-588.0K1.2228.99N/AN/A2,6443,222123,57458,201
2025-02-28$20.49$23.0069.1%22.3%36.3%58.8%75.2%4.1%-3.7%-514.6K-13.7M-606.5K0.5331.91N/AN/A1,811951125,43558,431