TSSI Options History — July 2025

In July 2025, TSSI traded between $20.52 and $29.13. ATM implied volatility averaged 130.0%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 37.9%. IV traded above realized volatility by 16.1% (HV 20d: 113.9%). Max pain ranged from $17.50 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.26.

Notable Days

2025-07-21: Highest Volume — 10,993 contracts
2025-07-07: Largest IV spike — 20.1% change
2025-07-31: Highest IV Rank — 48.8%
2025-07-31: Largest Expected Move — 46.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.02	$20.52	$29.13	$26.66	$27.26
Max Pain	$23.18	$17.50	$25.00	$17.50	$25.00
ATM IV	130.0%	94.3%	163.6%	100.6%	163.6%
Expected Move	37.9%	28.8%	46.9%	28.8%	46.9%
HV 20d	113.9%	98.7%	128.1%	122.5%	110.9%
HV 60d	165.1%	162.9%	166.9%	166.8%	165.5%
IV Rank	37.0%	30.6%	48.8%	30.6%	48.8%
IV Percentile	92.0%	81.7%	98.5%	81.7%	98.5%
Term Structure	-13.5%	-38.0%	20.6%	20.6%	-38.0%
VWIV	133.3%	103.5%	166.7%	107.5%	166.7%
Skew 25d	-4.6%	-9.7%	1.1%	-8.3%	-5.8%
Skew 10d	-10.1%	-42.0%	4.4%	-18.5%	-7.2%
Call IV 25d	134.5%	107.2%	167.6%	107.2%	167.6%
Put IV 25d	129.8%	98.8%	161.8%	98.8%	161.8%
Bid-Ask Spread %	22.61	10.74	31.95	19.74	18.51
Gamma HHI	0.25	0.19	0.29	0.24	0.25
Net GEX	486.7K	317.0K	609.1K	542.8K	544.9K
Net DEX	-49.6M	-70.1M	-25.4M	-49.3M	-61.7M
Net VEX	-156.1K	-186.6K	-121.5K	-125.9K	-185.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.26	0.08	0.57	0.22	0.22
Total Volume	5,323.455	2,053	10,993	7,347	6,799
Total OI	52,746.545	45,090	66,868	46,466	52,249

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-07-01	$26.66	$17.50	100.6%	28.8%	122.5%	0.0%	107.5%	-8.3%	20.6%	542.8K	-49.3M	-125.9K	0.22	19.74	N/A	N/A	6,029	1,318	35,969	10,497
2025-07-02	$28.27	$17.50	104.0%	29.8%	122.6%	0.0%	103.5%	-7.7%	18.1%	573.6K	-56.6M	-129.8K	0.21	28.78	N/A	N/A	1,696	357	34,507	10,631
2025-07-03	$27.12	$25.00	94.3%	34.7%	118.1%	0.0%	125.3%	-1.4%	-5.9%	537.2K	-50.5M	-128.0K	0.10	28.74	N/A	N/A	2,100	218	34,550	10,540
2025-07-07	$28.86	$25.00	113.3%	34.5%	117.8%	0.0%	126.5%	-3.6%	-8.9%	609.1K	-58.4M	-124.9K	0.10	31.95	N/A	N/A	5,214	504	34,640	10,636
2025-07-08	$26.32	$25.00	111.4%	36.1%	115.6%	0.0%	127.6%	-2.7%	-8.6%	544.1K	-51.5M	-136.7K	0.08	25.88	N/A	N/A	7,654	576	37,834	10,821
2025-07-09	$24.84	$25.00	124.2%	35.6%	117.1%	0.0%	126.3%	-3.4%	-8.2%	568.6K	-47.4M	-141.5K	0.20	20.50	N/A	N/A	5,266	1,034	41,537	11,161
2025-07-10	$22.72	$25.00	126.1%	36.2%	121.9%	0.0%	128.5%	-5.7%	-9.8%	381.0K	-35.0M	-132.1K	0.40	20.93	N/A	N/A	4,521	1,821	41,918	11,603
2025-07-11	$20.52	$25.00	125.8%	36.1%	127.7%	0.0%	125.5%	-4.0%	-9.7%	317.0K	-25.4M	-121.5K	0.28	25.98	N/A	N/A	6,117	1,720	43,045	12,044
2025-07-14	$21.09	$22.50	127.6%	36.6%	128.1%	0.0%	129.2%	-7.2%	-10.2%	334.0K	-28.4M	-129.6K	0.13	14.92	N/A	N/A	8,515	1,137	45,408	12,672
2025-07-15	$20.66	$22.50	128.2%	36.8%	122.8%	0.0%	130.5%	-7.9%	-12.2%	389.7K	-36.0M	-151.8K	0.31	27.14	N/A	N/A	3,116	972	51,938	12,671
2025-07-16	$22.06	$22.50	129.1%	37.0%	112.0%	0.0%	128.5%	-0.9%	-12.1%	459.7K	-44.2M	-162.2K	0.47	18.67	N/A	N/A	2,408	1,130	53,157	12,859
2025-07-17	$21.63	$22.50	130.3%	37.4%	112.2%	0.0%	130.7%	-5.8%	-15.1%	461.6K	-41.8M	-159.8K	0.38	26.25	N/A	N/A	2,789	1,052	53,524	12,953
2025-07-18	$23.20	$22.50	132.0%	37.8%	109.7%	0.0%	131.6%	-2.5%	-13.5%	421.5K	-52.4M	-168.9K	0.32	27.16	N/A	N/A	2,960	955	53,649	13,219
2025-07-21	$25.14	$22.50	136.4%	39.1%	109.6%	30.6%	135.9%	-3.8%	-17.5%	494.5K	-55.2M	-179.3K	0.16	13.57	N/A	N/A	9,487	1,506	39,311	9,006
2025-07-22	$25.57	$22.50	137.7%	39.5%	108.6%	31.5%	137.5%	-3.7%	-17.1%	497.9K	-55.5M	-183.5K	0.23	18.01	N/A	N/A	2,246	521	39,112	9,396
2025-07-23	$25.91	$22.50	141.9%	40.7%	106.2%	34.3%	141.3%	-3.0%	-20.5%	518.7K	-57.9M	-186.6K	0.09	26.41	N/A	N/A	5,015	438	39,896	9,479
2025-07-24	$27.05	$22.50	140.5%	40.3%	106.0%	33.3%	139.8%	-3.7%	-22.1%	520.0K	-60.8M	-179.6K	0.37	23.00	N/A	N/A	1,844	674	38,253	9,769
2025-07-25	$29.13	$22.50	140.8%	40.4%	98.7%	33.6%	140.5%	1.1%	-19.1%	562.4K	-70.1M	-183.7K	0.43	10.74	N/A	N/A	3,759	1,621	38,212	10,057
2025-07-28	$27.64	$25.00	148.0%	42.4%	99.9%	38.4%	147.4%	-7.0%	-27.8%	528.8K	-62.5M	-180.4K	0.57	19.62	N/A	N/A	2,202	1,247	38,865	10,921
2025-07-29	$24.04	$25.00	151.9%	43.5%	110.5%	40.9%	152.0%	-9.7%	-28.7%	429.5K	-43.7M	-168.6K	0.20	23.14	N/A	N/A	4,552	918	38,990	11,124
2025-07-30	$24.82	$25.00	153.2%	43.9%	107.6%	41.8%	151.3%	-4.9%	-30.3%	470.9K	-47.8M	-175.7K	0.30	27.85	N/A	N/A	2,382	726	40,287	11,514
2025-07-31	$27.26	$25.00	163.6%	46.9%	110.9%	48.8%	166.7%	-5.8%	-38.0%	544.9K	-61.7M	-185.1K	0.22	18.51	N/A	N/A	5,572	1,227	40,661	11,588