VSAT Options History — October 2025

In October 2025, VSAT traded between $29.34 and $39.33. ATM implied volatility averaged 93.7%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 27.6%. IV traded above realized volatility by 19.8% (HV 20d: 73.9%). Max pain ranged from $28.00 to $31.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 1.16.

Notable Days

2025-10-08: Highest Volume — 9,599 contracts
2025-10-10: Largest IV spike — 11.8% change
2025-10-31: Highest IV Rank — 41.5%
2025-10-31: Largest Expected Move — 30.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$35.55	$29.34	$39.33	$29.34	$39.33
Max Pain	$30.00	$28.00	$31.00	$30.00	$31.00
ATM IV	93.7%	73.6%	107.6%	81.8%	107.6%
Expected Move	27.6%	21.1%	30.8%	23.5%	30.8%
HV 20d	73.9%	67.6%	79.4%	70.0%	73.1%
HV 60d	94.7%	68.4%	100.3%	94.8%	68.4%
IV Rank	29.0%	10.8%	41.5%	18.3%	41.5%
IV Percentile	66.5%	16.7%	91.3%	44.0%	91.3%
Term Structure	-4.9%	-13.7%	15.3%	9.1%	-13.7%
VWIV	98.8%	80.3%	125.3%	83.6%	112.2%
Skew 25d	0.3%	-5.2%	7.9%	-1.4%	1.0%
Skew 10d	4.1%	-10.0%	19.9%	1.0%	6.9%
Call IV 25d	97.9%	74.6%	111.3%	84.7%	111.3%
Put IV 25d	98.2%	75.0%	112.3%	83.3%	112.3%
Bid-Ask Spread %	44.86	31.18	58.09	54.37	49.41
Gamma HHI	0.23	0.18	0.32	0.23	0.21
Net GEX	996.7K	612.9K	1.4M	612.9K	1.1M
Net DEX	-132.7M	-161.3M	-70.2M	-70.2M	-152.9M
Net VEX	-508.3K	-551.6K	-404.5K	-512.4K	-404.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.16	0.18	4.83	2.29	0.78
Total Volume	3,588.261	335	9,599	8,183	542
Total OI	134,262.13	117,608	141,683	123,541	117,608

Daily Data (23 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
2025-10-01	$29.34	$30.00	81.8%	23.5%	70.0%	18.3%	83.6%	-1.4%	9.1%	612.9K	-70.2M	-512.4K	2.29	54.37	N/A	N/A	2,488	5,695	63,606	59,935
2025-10-02	$31.13	$30.00	80.5%	23.1%	72.7%	17.1%	81.4%	-2.8%	10.5%	967.4K	-89.7M	-551.6K	0.18	44.48	N/A	N/A	2,283	407	65,176	63,282
2025-10-03	$32.02	$30.00	73.6%	21.1%	72.9%	10.8%	80.3%	0.3%	15.3%	1.0M	-100.4M	-530.0K	1.78	48.76	N/A	N/A	1,865	3,315	65,663	63,530
2025-10-06	$32.88	$28.00	76.1%	25.6%	72.8%	13.1%	90.1%	-0.3%	-5.9%	1.1M	-111.8M	-539.3K	0.34	32.28	N/A	N/A	3,024	1,021	66,569	66,541
2025-10-07	$31.88	$28.00	77.0%	25.6%	73.7%	13.9%	89.9%	-0.7%	-5.5%	982.9K	-100.6M	-532.9K	0.47	31.18	N/A	N/A	1,078	511	67,337	67,246
2025-10-08	$35.30	$28.00	75.8%	26.4%	78.5%	12.8%	94.3%	-1.3%	-6.1%	1.3M	-142.7M	-528.1K	0.86	35.53	N/A	N/A	5,164	4,435	67,093	67,133
2025-10-09	$35.25	$28.00	77.5%	26.3%	73.2%	14.3%	92.6%	-1.7%	-6.5%	1.4M	-141.5M	-533.2K	3.56	31.37	N/A	N/A	1,349	4,804	67,978	70,491
2025-10-10	$32.52	$29.00	86.6%	27.2%	78.1%	22.5%	96.2%	-5.2%	-7.6%	709.8K	-102.5M	-542.7K	0.24	44.38	N/A	N/A	2,023	488	67,936	72,230
2025-10-13	$34.32	$29.00	94.8%	27.4%	77.0%	30.0%	96.3%	0.1%	-6.7%	1.0M	-127.9M	-521.9K	0.31	34.52	N/A	N/A	1,489	463	67,504	72,396
2025-10-14	$36.81	$30.00	103.0%	27.8%	79.4%	37.4%	96.3%	0.3%	-8.0%	1.2M	-158.9M	-497.6K	0.64	39.04	N/A	N/A	2,184	1,393	67,495	72,651
2025-10-15	$36.78	$30.00	100.7%	28.9%	78.8%	35.3%	100.7%	2.2%	-4.9%	1.2M	-157.9M	-497.8K	0.32	44.47	N/A	N/A	1,253	399	67,416	73,777
2025-10-16	$36.06	$30.00	102.9%	29.5%	67.6%	37.3%	103.0%	1.7%	-6.9%	1.2M	-149.2M	-512.3K	2.44	47.37	N/A	N/A	2,627	6,416	67,646	74,037
2025-10-17	$35.38	$30.00	98.7%	28.3%	67.9%	33.4%	100.2%	-3.4%	-0.7%	1.3M	-136.4M	-511.3K	0.21	42.91	N/A	N/A	1,306	270	66,947	73,633
2025-10-20	$37.48	$31.00	101.3%	29.0%	69.7%	35.8%	102.9%	1.4%	-5.5%	867.3K	-145.1M	-495.0K	0.23	32.41	N/A	N/A	2,066	479	61,849	64,505
2025-10-21	$36.81	$31.00	100.0%	28.7%	70.2%	34.7%	99.5%	3.9%	-6.2%	826.7K	-140.2M	-498.9K	4.83	45.96	N/A	N/A	1,293	6,241	62,479	64,881
2025-10-22	$34.39	$31.00	105.3%	30.2%	73.0%	39.4%	104.2%	-2.3%	-6.7%	636.5K	-114.1M	-519.8K	0.88	52.59	N/A	N/A	4,445	3,911	63,490	69,023
2025-10-23	$36.84	$31.00	102.8%	29.5%	75.9%	37.2%	103.1%	7.9%	-12.3%	845.9K	-133.6M	-521.3K	0.21	49.37	N/A	N/A	276	59	63,341	72,246
2025-10-24	$38.04	$31.00	101.7%	29.2%	76.2%	36.2%	100.1%	1.6%	-8.2%	891.2K	-148.9M	-510.7K	0.92	52.72	N/A	N/A	628	580	63,541	72,456
2025-10-27	$38.64	$31.00	100.2%	28.7%	75.4%	34.8%	104.0%	3.7%	-8.6%	956.7K	-153.9M	-486.5K	1.33	54.16	N/A	N/A	464	616	63,342	72,915
2025-10-28	$39.19	$31.00	102.0%	29.2%	74.8%	36.5%	109.2%	0.8%	-6.0%	950.1K	-161.3M	-485.7K	0.45	52.30	N/A	N/A	1,171	532	63,252	73,374
2025-10-29	$38.33	$31.00	102.0%	29.2%	75.4%	36.5%	125.3%	0.1%	-11.2%	875.8K	-154.7M	-474.6K	2.49	58.09	N/A	N/A	193	481	63,413	73,667
2025-10-30	$38.99	$31.00	103.6%	29.7%	73.4%	37.9%	105.8%	1.9%	-9.7%	1.0M	-157.9M	-484.1K	0.94	54.07	N/A	N/A	414	389	63,392	74,007
2025-10-31	$39.33	$31.00	107.6%	30.8%	73.1%	41.5%	112.2%	1.0%	-13.7%	1.1M	-152.9M	-404.5K	0.78	49.41	N/A	N/A	304	238	58,330	59,278