S Options History — November 2025

In November 2025, S traded between $15.59 and $17.73. ATM implied volatility averaged 64.5%, placing in the 60.9% IV rank vs the trailing year. The 30-day expected move averaged 17.9%. IV traded above realized volatility by 23.5% (HV 20d: 40.9%). Max pain ranged from $16.00 to $18.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.34.

Notable Days

  • 2025-11-25: Highest Volume — 23,008 contracts
  • 2025-11-25: Largest IV drop — 10.2% change
  • 2025-11-24: Highest IV Rank — 72.0%
  • 2025-11-20: Largest Expected Move — 20.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.51$15.59$17.73$17.73$16.26
Max Pain$16.95$16.00$18.00$18.00$16.00
ATM IV64.5%58.2%69.8%58.2%62.4%
Expected Move17.9%13.6%20.3%13.8%20.2%
HV 20d40.9%39.3%43.3%40.7%40.2%
HV 60d40.3%36.6%41.9%40.7%36.7%
IV Rank60.9%47.7%72.0%47.7%56.6%
IV Percentile84.0%65.1%96.8%65.1%76.6%
Term Structure-3.3%-11.4%6.8%0.4%-5.9%
VWIV63.2%48.5%71.7%48.9%70.5%
Skew 25d0.3%-6.6%10.9%3.5%-0.7%
Skew 10d0.9%-11.3%20.3%5.7%-11.3%
Call IV 25d65.5%55.2%72.7%63.6%66.2%
Put IV 25d65.8%59.0%71.2%67.0%65.5%
Bid-Ask Spread %59.7329.4981.3278.6961.86
Gamma HHI0.090.080.100.090.10
Net GEX1.8M1.0M2.7M2.7M2.3M
Net DEX-56.6M-95.4M-30.5M-95.4M-62.1M
Net VEX-760.9K-876.4K-675.4K-876.4K-721.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.021.170.190.24
Total Volume8,488.3162,70523,0089,1015,066
Total OI298,440.789291,668304,292291,668302,184

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$17.73$18.0058.2%13.8%40.7%47.7%48.9%3.5%0.4%2.7M-95.4M-876.4K0.1978.69N/AN/A7,6771,424226,72164,947
2025-11-04$16.87$18.0060.1%14.0%42.1%51.7%49.9%2.4%2.4%1.9M-65.4M-819.8K1.1777.07N/AN/A2,6003,045229,27665,844
2025-11-05$16.81$18.0064.6%13.6%39.3%61.2%48.5%-5.4%-3.5%1.6M-62.0M-809.7K0.3781.32N/AN/A1,975730229,99167,710
2025-11-06$16.41$17.0063.9%17.8%39.9%59.7%61.3%-6.6%-1.3%1.3M-49.4M-783.0K0.5051.85N/AN/A2,2951,154230,42468,000
2025-11-07$16.84$17.0065.3%17.9%39.3%62.7%62.9%-3.3%6.8%1.3M-56.7M-791.2K0.1765.20N/AN/A9,8801,642230,85768,126
2025-11-10$17.23$17.0066.5%17.6%40.2%65.3%61.1%3.6%-5.0%2.3M-73.7M-812.7K0.2256.34N/AN/A4,539995226,86465,812
2025-11-11$17.46$17.0065.8%16.5%40.4%63.8%62.7%6.8%-9.2%2.6M-79.2M-805.5K0.2970.96N/AN/A3,016882228,19265,972
2025-11-12$17.13$17.0061.3%16.8%40.5%54.2%59.8%-3.5%-0.3%2.2M-69.8M-796.7K1.0658.46N/AN/A1,4711,558228,62866,148
2025-11-13$16.59$17.0062.5%18.0%42.1%56.7%60.6%-3.5%1.5%1.5M-49.7M-743.0K0.0753.69N/AN/A17,1931,223229,02066,860
2025-11-14$16.74$17.0064.1%17.9%42.2%60.2%64.5%0.1%-1.9%1.5M-62.1M-794.6K0.1658.23N/AN/A12,0941,989234,57367,118
2025-11-17$16.14$17.0066.8%19.0%43.0%65.9%68.3%-0.3%-5.9%1.5M-45.8M-742.6K0.1455.67N/AN/A10,0031,388235,80766,091
2025-11-18$16.14$17.0067.8%19.4%40.7%67.8%69.1%-1.5%-4.6%1.4M-42.9M-739.1K0.5256.53N/AN/A2,6191,371234,88466,815
2025-11-19$16.12$17.0066.5%19.1%40.2%65.3%67.5%-2.7%-3.6%1.3M-42.4M-729.5K0.3460.91N/AN/A4,0151,367234,69067,194
2025-11-20$15.59$17.0069.5%20.3%41.6%71.5%71.7%-1.5%-7.5%1.0M-30.5M-695.4K0.2249.90N/AN/A8,6071,869236,76867,343
2025-11-21$15.75$17.0065.5%19.4%41.0%63.1%67.7%3.2%-6.6%1.5M-35.3M-684.8K0.1561.65N/AN/A11,4241,741240,32163,971
2025-11-24$15.64$16.0069.8%19.8%41.0%72.0%70.1%10.9%-11.4%1.6M-40.7M-675.4K0.1349.16N/AN/A7,141903233,29960,765
2025-11-25$16.19$16.0062.7%19.5%43.3%57.1%66.9%2.8%-2.7%2.2M-57.2M-716.8K0.0229.49N/AN/A22,477531237,47761,079
2025-11-26$16.02$16.0061.4%19.2%39.9%54.5%69.3%2.3%-3.8%2.1M-55.9M-718.7K0.5457.93N/AN/A2,1891,185239,47061,134
2025-11-28$16.26$16.0062.4%20.2%40.2%56.6%70.5%-0.7%-5.9%2.3M-62.1M-721.7K0.2461.86N/AN/A4,094972240,22961,955