TUA Options History — November 2025

In November 2025, TUA traded between $21.80 and $22.06. ATM implied volatility averaged 8.8%, placing in the 5.1% IV rank vs the trailing year. The 30-day expected move averaged 2.5%. IV traded above realized volatility by 2.8% (HV 20d: 6.0%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 0.03.

Notable Days

  • 2025-11-13: Highest Volume — 211 contracts
  • 2025-11-06: Largest IV spike — 48.1% change
  • 2025-11-06: Highest IV Rank — 10.9%
  • 2025-11-19: Largest Expected Move — 3.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.94$21.80$22.06$21.88$22.01
Max Pain$21.16$21.00$22.00$22.00$21.00
ATM IV8.8%6.0%12.7%8.3%7.3%
Expected Move2.5%1.7%3.0%2.4%2.1%
HV 20d6.0%4.5%7.0%6.2%4.6%
HV 60d5.8%5.5%6.0%5.8%5.5%
IV Rank5.1%0.9%10.9%4.3%2.9%
IV Percentile10.8%0.4%39.3%3.6%3.2%
Term Structure5.8%-2.3%14.7%-0.3%14.7%
VWIV8.3%6.2%10.4%6.2%7.4%
Skew 25d19.3%-10.5%60.0%-10.5%1.9%
Skew 10d29.6%-22.1%90.8%-18.5%6.8%
Call IV 25d13.4%11.1%18.5%18.5%14.3%
Put IV 25d32.7%7.6%73.2%8.0%16.2%
Bid-Ask Spread %133.30111.08151.44126.38112.75
Gamma HHI0.700.600.840.630.84
Net GEX294.6K240.5K432.1K258.9K397.4K
Net DEX-1.5M-1.9M-1.1M-1.3M-1.9M
Net VEX-4.5K-5.2K-3.8K-4.7K-4.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.200.000.20
Total Volume41.4740211190
Total OI2,335.1581,9292,6772,3361,947

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$21.88$22.008.3%2.4%6.2%4.3%0.0%-10.5%-0.3%258.9K-1.3M-4.7K0.00126.38N/AN/A1901,647689
2025-11-04$21.93$22.006.8%1.9%6.2%2.1%6.2%-3.5%-0.2%294.2K-1.3M-4.5K0.12121.47N/AN/A84101,641689
2025-11-05$21.80$22.008.5%2.4%6.5%4.7%6.4%-4.3%-2.3%250.1K-1.1M-4.8K0.00124.07N/AN/A0101,620699
2025-11-06$21.95$21.0012.7%2.3%7.0%10.9%0.0%6.7%3.9%260.2K-1.3M-4.6K0.00127.25N/AN/A2001,620709
2025-11-07$21.96$21.007.3%2.6%6.6%2.8%9.2%8.1%2.9%240.5K-1.4M-4.8K0.10129.73N/AN/A1011,640709
2025-11-10$21.89$21.008.1%2.0%6.5%4.0%0.0%7.7%4.9%266.5K-1.2M-4.4K0.00125.36N/AN/A2001,640710
2025-11-11$21.98$21.009.5%2.7%6.6%6.1%9.3%7.1%4.0%244.4K-1.4M-4.5K0.00129.99N/AN/A6201,620710
2025-11-12$21.95$21.009.3%2.7%6.6%5.9%0.0%49.9%1.6%243.2K-1.3M-4.5K0.00147.70N/AN/A0101,620710
2025-11-13$21.88$21.009.8%2.8%5.9%6.6%0.0%51.5%10.6%247.3K-1.3M-3.8K0.00150.84N/AN/A21011,620720
2025-11-14$21.84$21.009.9%2.8%5.8%6.7%0.0%55.6%12.3%266.5K-1.3M-4.7K0.00138.62N/AN/A021,830721
2025-11-17$21.87$21.009.9%2.8%5.9%6.7%10.0%27.2%11.4%261.0K-1.3M-4.5K0.00148.75N/AN/A1001,830723
2025-11-18$21.93$21.0010.2%2.9%5.9%7.2%0.0%60.0%11.9%274.8K-1.4M-4.3K0.02147.43N/AN/A12021,830723
2025-11-19$21.91$21.0010.4%3.0%5.9%7.4%10.4%58.7%0.1%266.0K-1.4M-5.2K0.00151.44N/AN/A1001,901725
2025-11-20$21.98$21.008.5%2.4%5.9%4.7%0.0%46.8%12.1%332.6K-1.7M-4.4K0.00151.02N/AN/A6001,901725
2025-11-21$22.01$21.009.2%2.6%5.9%5.6%0.0%2.7%1.1%316.3K-1.7M-4.3K0.00135.37N/AN/A6501,952725
2025-11-24$22.02$21.007.8%2.2%5.9%3.7%7.8%-0.6%13.2%356.4K-1.9M-4.5K0.20135.23N/AN/A51101,747182
2025-11-25$22.06$21.007.4%2.1%5.9%3.1%7.4%1.5%2.9%388.5K-1.9M-4.4K0.00111.08N/AN/A011,760186
2025-11-26$22.04$21.006.0%1.7%4.5%0.9%0.0%0.8%5.1%432.1K-1.9M-4.2K0.00118.25N/AN/A001,760187
2025-11-28$22.01$21.007.3%2.1%4.6%2.9%0.0%1.9%14.7%397.4K-1.9M-4.9K0.00112.75N/AN/A001,760187