TUA Options History — December 2025

In December 2025, TUA traded between $21.73 and $22.05. ATM implied volatility averaged 13.8%, placing in the 12.9% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 8.8% (HV 20d: 4.9%). Max pain ranged from $19.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.09.

Notable Days

  • 2025-12-18: Highest Volume — 136 contracts
  • 2025-12-08: Largest IV spike — 126.8% change
  • 2025-12-10: Highest IV Rank — 22.8%
  • 2025-12-10: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.91$21.73$22.05$21.89$21.91
Max Pain$20.09$19.00$22.00$21.00$22.00
ATM IV13.8%6.2%20.7%8.2%13.6%
Expected Move4.1%1.8%5.9%2.3%3.9%
HV 20d4.9%4.4%5.7%5.0%5.3%
HV 60d5.5%5.3%5.6%5.4%5.4%
IV Rank12.9%1.3%22.8%4.2%13.6%
IV Percentile43.8%0.8%75.0%6.3%46.8%
Term Structure4.1%-9.0%17.1%1.4%-9.0%
VWIV14.7%7.9%34.3%7.9%7.9%
Skew 25d2.0%-19.3%10.9%-6.2%-19.3%
Skew 10d1.1%-22.3%15.0%-11.1%-22.3%
Call IV 25d21.2%10.4%29.7%14.2%27.2%
Put IV 25d23.2%7.9%34.7%8.0%7.9%
Bid-Ask Spread %126.08111.59136.96112.89117.26
Gamma HHI0.670.460.810.780.64
Net GEX278.5K91.0K424.5K372.7K113.1K
Net DEX-1.3M-1.8M-634.3K-1.4M-710.7K
Net VEX-3.3K-4.6K-2.0K-4.5K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.001.000.030.00
Total Volume27.8640136250
Total OI1,645.6829102,0511,9471,118

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$21.89$21.008.2%2.3%5.0%4.2%0.0%-6.2%1.4%372.7K-1.4M-4.5K0.00112.89N/AN/A021,760187
2025-12-02$21.95$21.009.1%2.6%5.1%5.6%0.0%-6.1%3.1%382.7K-1.7M-4.6K0.00111.59N/AN/A001,760189
2025-12-03$22.00$21.007.9%2.3%5.1%3.8%7.9%-3.9%4.0%424.5K-1.8M-4.3K0.03112.39N/AN/A6021,760189
2025-12-04$21.91$19.0014.7%4.7%4.8%13.9%0.0%-1.5%5.4%340.4K-1.4M-4.2K0.00135.97N/AN/A001,749191
2025-12-05$21.82$19.007.6%4.8%4.4%3.4%0.0%7.2%4.6%385.5K-1.6M-4.3K0.00136.96N/AN/A001,749191
2025-12-08$21.80$19.0017.3%5.3%4.4%17.9%0.0%7.5%3.3%307.8K-1.3M-4.0K0.00135.66N/AN/A001,749191
2025-12-09$21.73$19.0016.0%5.2%4.4%15.9%0.0%6.1%4.0%288.9K-1.2M-4.0K0.00136.31N/AN/A301,754191
2025-12-10$21.87$19.0020.7%5.9%4.8%22.8%0.0%6.2%0.5%342.8K-1.4M-3.8K0.00135.56N/AN/A011,754191
2025-12-11$21.89$19.0017.3%5.0%4.8%17.8%0.0%6.4%5.7%329.2K-1.5M-3.8K0.00136.50N/AN/A001,754191
2025-12-12$21.88$19.0018.0%5.2%4.6%18.8%34.3%7.8%4.7%402.1K-1.4M-3.4K0.00134.34N/AN/A0111,754191
2025-12-15$21.94$19.0017.5%5.0%4.7%18.2%0.0%10.9%5.0%383.8K-1.6M-3.1K0.00125.85N/AN/A001,754182
2025-12-16$22.01$19.0017.1%4.9%4.8%17.6%0.0%5.2%7.6%320.4K-1.7M-3.2K0.00132.91N/AN/A2001,754182
2025-12-17$21.98$19.0017.4%5.0%4.7%18.0%0.0%10.9%8.4%337.3K-1.7M-3.1K0.00132.66N/AN/A1001,774182
2025-12-18$22.05$19.0018.7%5.4%4.8%19.9%0.0%10.9%-2.2%336.2K-1.8M-2.8K0.00133.17N/AN/A13601,774182
2025-12-19$22.01$19.0018.4%5.3%4.8%21.7%8.8%9.2%2.2%367.1K-1.7M-2.2K0.00126.92N/AN/A9901,869182
2025-12-22$21.96$19.0012.3%3.5%4.8%11.6%7.9%1.8%-6.1%141.3K-792.5K-2.7K0.00131.01N/AN/A01186248
2025-12-23$21.79$22.0012.7%3.6%5.5%12.2%0.0%3.1%12.2%91.9K-634.3K-2.8K1.00118.99N/AN/A1186259
2025-12-24$21.83$22.006.7%1.9%5.5%2.2%0.0%4.3%6.1%91.0K-654.5K-2.8K0.00118.91N/AN/A0086158
2025-12-26$21.89$22.0011.8%3.4%5.6%10.8%0.0%0.9%5.0%113.2K-679.0K-2.5K0.00117.09N/AN/A105086158
2025-12-29$21.94$22.006.2%1.8%5.7%1.3%0.0%-9.3%6.3%130.7K-714.9K-2.4K0.00113.89N/AN/A100096158
2025-12-30$21.95$22.0013.2%3.8%5.3%13.0%0.0%-7.6%17.1%123.6K-738.8K-2.4K0.00116.87N/AN/A101,06158
2025-12-31$21.91$22.0013.6%3.9%5.3%13.6%0.0%-19.3%-9.0%113.1K-710.7K-2.0K0.00117.26N/AN/A5001,06058