TSSI Options History — December 2025

In December 2025, TSSI traded between $6.95 and $9.34. ATM implied volatility averaged 98.3%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 27.4%. IV traded below realized volatility by 39.8% (HV 20d: 138.1%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.36.

Notable Days

  • 2025-12-04: Highest Volume — 2,860 contracts
  • 2025-12-08: Largest IV spike — 29.9% change
  • 2025-12-10: Highest IV Rank — 27.0%
  • 2025-12-18: Largest Expected Move — 32.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.93$6.95$9.34$9.22$7.04
Max Pain$7.84$7.50$10.00$10.00$7.50
ATM IV98.3%76.4%127.5%107.7%80.5%
Expected Move27.4%24.3%32.1%26.8%25.7%
HV 20d138.1%60.1%215.6%213.5%60.4%
HV 60d141.4%138.8%145.1%145.1%138.9%
IV Rank9.3%0.0%27.0%11.5%2.5%
IV Percentile12.9%0.0%59.7%25.1%0.4%
Term Structure-2.7%-51.1%35.2%-1.5%17.8%
VWIV96.1%82.0%128.8%101.9%86.0%
Skew 25d4.0%-16.7%22.2%-5.5%12.3%
Skew 10d27.6%-47.4%64.4%33.5%25.4%
Call IV 25d102.2%79.7%127.5%103.0%92.9%
Put IV 25d106.2%91.8%130.6%97.5%105.2%
Bid-Ask Spread %78.7549.49103.9368.4999.81
Gamma HHI0.150.100.190.170.19
Net GEX83.9K6.8K209.2K196.2K49.9K
Net DEX-2.0M-4.6M124.2K-4.6M-1.9M
Net VEX-33.9K-46.1K-25.7K-46.1K-26.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.030.930.930.03
Total Volume1,447.0912582,8601,9272,197
Total OI52,707.81831,75563,84859,97533,635

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$9.22$10.00107.7%26.8%213.5%11.5%101.9%-5.5%-1.5%196.2K-4.6M-46.1K0.9368.49N/AN/A1,00092752,0947,881
2025-12-02$8.96$10.00104.6%28.5%213.6%9.5%109.9%6.4%-15.8%155.7K-2.9M-42.0K0.4658.16N/AN/A1,26757752,4958,754
2025-12-03$9.00$10.00120.4%25.8%213.9%19.9%93.1%-7.8%-39.1%155.7K-2.7M-43.2K0.2269.13N/AN/A1,17225753,0988,858
2025-12-04$9.34$7.5089.4%27.9%215.5%0.0%107.2%-13.6%11.1%209.2K-4.3M-44.6K0.0776.80N/AN/A2,68417653,7868,594
2025-12-05$8.67$7.5085.7%28.5%215.5%0.0%98.9%2.8%-5.2%135.1K-3.1M-41.0K0.2866.59N/AN/A1,58644855,1478,701
2025-12-08$8.73$7.50111.3%31.7%215.6%16.5%100.4%22.0%1.1%128.4K-2.3M-37.9K0.2170.98N/AN/A1,03822053,2408,387
2025-12-09$8.75$7.5098.7%25.8%214.6%8.4%97.0%0.5%-14.5%136.6K-2.3M-38.2K0.8982.02N/AN/A68760854,0878,417
2025-12-10$8.45$7.50127.5%27.1%214.6%27.0%95.7%-15.5%-15.5%129.4K-3.3M-42.1K0.4180.94N/AN/A31512854,5498,773
2025-12-11$8.30$7.5099.4%28.5%214.5%8.9%107.0%20.6%-14.1%99.7K-1.5M-36.0K0.4974.21N/AN/A77638454,5518,793
2025-12-12$7.64$7.50116.5%27.5%215.2%19.9%94.0%-5.1%-2.5%41.9K-307.2K-30.5K0.4178.68N/AN/A1,38357354,7748,772
2025-12-15$7.21$7.5099.6%27.2%80.6%9.0%96.6%0.7%10.2%26.5K120.5K-27.4K0.3172.22N/AN/A1,82156252,1448,202
2025-12-16$7.48$7.5096.7%27.3%78.7%7.1%94.8%22.2%6.3%27.6K124.2K-28.2K0.4549.49N/AN/A43219452,9558,367
2025-12-17$7.06$7.5084.8%24.3%81.0%0.0%92.4%7.6%18.6%34.8K-262.8K-29.0K0.1068.43N/AN/A1,00710353,4998,366
2025-12-18$7.27$7.50106.5%32.1%80.0%13.9%128.8%10.2%-51.1%21.2K-291.2K-29.7K0.3675.11N/AN/A1,07138553,2938,197
2025-12-19$7.54$7.5086.2%24.6%80.8%0.9%86.4%9.8%3.6%6.8K-1.2M-29.3K0.4578.87N/AN/A75933853,5697,160
2025-12-22$7.77$7.5091.5%27.8%81.5%4.3%87.9%21.0%11.9%43.0K-2.2M-29.9K0.1479.53N/AN/A1,52721727,1744,581
2025-12-23$7.55$7.5076.4%26.1%81.7%0.0%92.4%-5.0%35.2%46.1K-2.3M-31.8K0.2091.16N/AN/A84517227,9404,629
2025-12-24$7.47$7.5087.8%26.8%80.9%6.9%88.4%-16.7%-17.3%49.4K-2.2M-31.2K0.6297.18N/AN/A1599928,4954,583
2025-12-26$7.13$7.5095.6%25.7%64.5%11.7%82.0%-8.2%5.1%53.2K-1.8M-28.7K0.1796.29N/AN/A1,62827228,5834,609
2025-12-29$6.95$7.50100.0%29.6%61.4%14.4%86.7%7.8%21.8%48.4K-1.8M-25.7K0.4494.48N/AN/A60827028,7513,943
2025-12-30$6.97$7.5096.1%26.7%60.1%12.0%87.5%21.7%-25.1%51.7K-1.8M-26.6K0.25103.93N/AN/A77319129,2003,946
2025-12-31$7.04$7.5080.5%25.7%60.4%2.5%86.0%12.3%17.8%49.9K-1.9M-26.3K0.0399.81N/AN/A2,1326529,5844,051