STRZ Options History — September 2025

In September 2025, STRZ traded between $11.93 and $14.96. ATM implied volatility averaged 69.6%. The 30-day expected move averaged 20.0%. IV traded below realized volatility by 6.6% (HV 20d: 76.2%). Max pain ranged from $13.00 to $14.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2025-09-19: Highest Volume — 368 contracts
  • 2025-09-30: Largest IV drop — 37.2% change
  • 2025-09-16: Largest Expected Move — 21.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.76$11.93$14.96$12.78$14.78
Max Pain$13.10$13.00$14.00$14.00$13.00
ATM IV69.6%45.3%76.5%71.8%45.3%
Expected Move20.0%13.0%21.9%20.6%13.0%
HV 20d76.2%61.8%95.4%92.9%63.1%
HV 60d71.2%66.3%74.9%74.9%72.7%
Term Structure0.8%-11.2%23.7%-3.2%23.7%
VWIV67.4%39.1%73.6%71.3%62.8%
Skew 25d4.5%-24.8%22.8%2.6%4.1%
Skew 10d6.1%-12.9%25.6%2.2%20.0%
Call IV 25d60.8%48.2%73.0%68.9%57.9%
Put IV 25d65.2%39.5%75.4%71.5%61.9%
Bid-Ask Spread %92.2782.65108.5082.65108.50
Gamma HHI0.280.160.420.160.36
Net GEX10.0K-2.7K32.3K2.0K13.3K
Net DEX-261.9K-656.0K149.6K-1.0K-393.2K
Net VEX-1.5K-2.0K-992-1.4K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.004.002.000.00
Total Volume95.90583682755
Total OI1,427.9528811,9651,3671,077

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$12.78$14.0071.8%20.6%92.9%0.0%71.3%2.6%-3.2%2.0K-1.0K-1.4K2.0082.65N/AN/A918850517
2025-09-03$12.85$14.0072.8%20.9%92.2%0.0%69.1%-8.1%-1.0%1.6K1.6K-1.3K0.6392.20N/AN/A4629856530
2025-09-04$12.88$13.0070.3%21.3%91.6%0.0%68.4%18.6%-10.9%2.7K-19.2K-1.4K1.4489.73N/AN/A1623899549
2025-09-05$12.70$13.0070.0%21.3%90.7%0.0%67.9%6.1%-7.2%1.7K19.4K-1.3K0.6092.55N/AN/A106905553
2025-09-08$12.88$13.0075.1%21.7%90.9%0.0%69.9%14.3%-3.8%2.0K25.0K-1.2K0.2386.93N/AN/A7417911555
2025-09-09$12.39$13.0074.8%20.9%91.4%0.0%68.0%2.6%-2.3%-43863.5K-1.1K0.0090.56N/AN/A110954551
2025-09-10$11.93$13.0070.2%20.1%89.7%0.0%70.8%-9.5%-0.8%-2.7K149.6K-9920.3488.24N/AN/A7425957546
2025-09-11$13.09$13.0075.3%21.6%92.7%0.0%72.2%22.4%-2.1%4.2K-108.6K-1.3K0.0084.58N/AN/A2491981543
2025-09-12$13.86$13.0072.9%20.9%95.4%0.0%69.1%2.0%-2.0%12.1K-419.3K-1.9K0.3787.51N/AN/A189701,164552
2025-09-15$14.96$13.0074.3%21.3%61.8%0.0%73.6%2.1%-1.2%16.0K-656.0K-1.3K0.1385.51N/AN/A315401,020599
2025-09-16$14.09$13.0076.5%21.9%66.4%0.0%73.0%1.5%-11.2%25.4K-461.8K-1.4K1.4088.09N/AN/A15211,278627
2025-09-17$14.43$13.0071.1%20.4%66.6%0.0%70.1%2.6%0.2%32.3K-591.6K-1.4K0.2685.69N/AN/A46121,292633
2025-09-18$13.87$13.0067.9%19.5%63.7%0.0%68.2%-14.5%4.5%23.8K-272.5K-1.1K0.7393.01N/AN/A15111,326631
2025-09-19$14.27$13.0069.8%20.0%64.0%0.0%69.4%14.3%1.6%4.5K-544.2K-1.1K0.0496.87N/AN/A355131,334631
2025-09-22$14.65$13.0064.1%18.4%64.5%0.0%68.6%21.8%16.7%10.7K-371.7K-1.8K0.5792.06N/AN/A10660685196
2025-09-23$14.56$13.0072.3%20.7%64.5%0.0%70.8%22.8%1.7%12.1K-406.8K-2.0K4.0092.83N/AN/A520780256
2025-09-24$14.80$13.0052.2%15.0%64.0%0.0%56.1%-5.6%11.3%13.5K-451.7K-2.0K0.0097.29N/AN/A120779276
2025-09-25$14.18$13.0069.7%20.0%66.0%0.0%39.1%-24.8%0.6%11.2K-313.9K-1.9K0.17103.62N/AN/A234785276
2025-09-26$14.37$13.0073.2%21.0%65.8%0.0%68.6%14.0%1.7%11.9K-356.7K-1.9K0.8397.35N/AN/A65787276
2025-09-29$14.68$13.0072.3%20.7%63.2%0.0%68.1%4.7%0.2%12.6K-391.7K-1.9K0.14101.92N/AN/A71790280
2025-09-30$14.78$13.0045.3%13.0%63.1%0.0%62.8%4.1%23.7%13.3K-393.2K-1.8K0.00108.50N/AN/A550796281