VSAT Options History — November 2025

In November 2025, VSAT traded between $30.45 and $38.50. ATM implied volatility averaged 90.2%, placing in the 32.6% IV rank vs the trailing year. The 30-day expected move averaged 25.1%. IV traded above realized volatility by 22.0% (HV 20d: 68.2%). Max pain ranged from $23.00 to $31.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.75.

Notable Days

2025-11-10: Highest Volume — 5,948 contracts
2025-11-10: Largest IV drop — 20.7% change
2025-11-06: Highest IV Rank — 48.7%
2025-11-05: Largest Expected Move — 32.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$35.32	$30.45	$38.50	$38.50	$34.13
Max Pain	$25.58	$23.00	$31.00	$31.00	$25.00
ATM IV	90.2%	76.2%	115.5%	109.5%	80.2%
Expected Move	25.1%	21.9%	32.8%	31.4%	23.0%
HV 20d	68.2%	55.1%	84.8%	73.7%	84.8%
HV 60d	71.3%	68.1%	76.7%	68.1%	76.7%
IV Rank	32.6%	20.3%	48.7%	43.2%	25.8%
IV Percentile	58.5%	23.0%	95.2%	92.1%	37.7%
Term Structure	-3.6%	-19.0%	6.1%	-18.0%	-1.8%
VWIV	91.8%	79.8%	120.6%	117.6%	79.8%
Skew 25d	2.3%	-5.7%	9.7%	5.1%	3.3%
Skew 10d	10.7%	-20.2%	39.6%	14.2%	13.5%
Call IV 25d	92.0%	79.7%	121.6%	111.6%	81.9%
Put IV 25d	94.3%	83.8%	120.8%	116.7%	85.2%
Bid-Ask Spread %	59.52	45.70	70.01	49.83	70.01
Gamma HHI	0.23	0.19	0.32	0.20	0.32
Net GEX	1.2M	719.2K	1.6M	1.0M	1.4M
Net DEX	-115.9M	-152.8M	-68.1M	-145.1M	-103.7M
Net VEX	-342.9K	-400.3K	-292.1K	-382.0K	-295.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.08	2.64	0.90	0.18
Total Volume	1,593.105	409	5,948	620	553
Total OI	117,522.316	101,571	125,569	118,068	103,592

Daily Data (19 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
2025-11-03	$38.50	$31.00	109.5%	31.4%	73.7%	43.2%	117.6%	5.1%	-18.0%	1.0M	-145.1M	-382.0K	0.90	49.83	N/A	N/A	327	293	58,603	59,465
2025-11-04	$37.70	$31.00	106.1%	30.4%	73.1%	40.1%	115.1%	6.3%	-14.8%	1.1M	-135.9M	-400.3K	0.14	51.45	N/A	N/A	559	78	58,680	59,638
2025-11-05	$38.00	$31.00	114.5%	32.8%	64.2%	47.7%	120.6%	-0.8%	-19.0%	1.1M	-141.3M	-388.6K	0.58	53.40	N/A	N/A	259	150	59,102	59,692
2025-11-06	$35.84	$23.00	115.5%	26.7%	67.9%	48.7%	114.1%	-0.6%	-6.1%	1.0M	-121.1M	-394.8K	0.43	45.70	N/A	N/A	725	309	59,186	59,892
2025-11-07	$35.86	$23.00	112.5%	27.4%	60.7%	45.9%	96.1%	6.8%	-3.5%	1.1M	-117.5M	-389.4K	0.65	53.20	N/A	N/A	1,756	1,145	59,369	60,151
2025-11-10	$37.33	$24.00	89.1%	23.6%	59.4%	25.2%	82.3%	-5.7%	-1.2%	1.4M	-137.3M	-365.3K	0.24	63.95	N/A	N/A	4,802	1,146	60,291	60,735
2025-11-11	$38.47	$24.00	85.0%	22.9%	55.1%	32.4%	82.6%	-1.2%	-0.7%	1.6M	-152.8M	-338.4K	0.28	58.14	N/A	N/A	1,187	336	60,166	60,863
2025-11-12	$37.55	$24.00	82.5%	23.7%	55.9%	29.0%	83.7%	-0.2%	0.2%	1.5M	-142.8M	-349.3K	2.58	59.74	N/A	N/A	493	1,274	60,644	60,999
2025-11-13	$35.89	$25.00	82.4%	23.6%	57.9%	28.8%	82.0%	1.9%	-1.0%	1.4M	-124.2M	-346.6K	0.08	59.22	N/A	N/A	1,445	122	60,576	61,217
2025-11-14	$36.27	$25.00	80.7%	23.1%	57.5%	26.5%	82.3%	7.3%	-0.8%	1.6M	-128.6M	-349.6K	2.64	57.54	N/A	N/A	315	832	61,528	61,192
2025-11-17	$33.24	$25.00	82.5%	23.6%	61.5%	28.9%	84.3%	2.8%	-2.8%	1.3M	-96.2M	-331.8K	1.69	58.74	N/A	N/A	1,376	2,322	61,487	60,684
2025-11-18	$35.62	$25.00	82.5%	23.7%	66.8%	29.0%	84.8%	9.7%	-2.8%	1.6M	-119.5M	-338.4K	0.96	54.30	N/A	N/A	396	382	62,498	61,683
2025-11-19	$35.36	$25.00	82.0%	23.5%	62.1%	28.3%	83.9%	0.1%	0.2%	1.6M	-117.1M	-335.5K	0.29	62.67	N/A	N/A	485	140	62,385	61,947
2025-11-20	$30.45	$25.00	85.3%	24.4%	77.2%	32.8%	84.7%	-1.2%	1.6%	726.4K	-69.5M	-314.7K	0.22	67.78	N/A	N/A	2,281	506	62,316	62,015
2025-11-21	$30.48	$25.00	85.5%	24.5%	75.8%	33.1%	89.3%	-0.7%	-1.3%	719.2K	-68.1M	-300.8K	0.21	63.73	N/A	N/A	1,457	300	63,604	61,965
2025-11-24	$32.00	$25.00	79.1%	22.7%	78.2%	24.3%	90.9%	6.9%	6.1%	997.5K	-79.4M	-300.6K	1.22	66.04	N/A	N/A	499	610	54,222	47,349
2025-11-25	$32.86	$25.00	82.2%	23.6%	78.8%	28.6%	88.4%	-0.7%	-2.7%	1.1M	-87.0M	-300.4K	0.60	68.63	N/A	N/A	485	293	54,519	47,849
2025-11-26	$35.50	$25.00	76.2%	21.9%	84.3%	20.3%	82.3%	4.2%	0.7%	1.4M	-115.9M	-292.1K	0.27	66.81	N/A	N/A	496	135	54,918	47,902
2025-11-28	$34.13	$25.00	80.2%	23.0%	84.8%	25.8%	79.8%	3.3%	-1.8%	1.4M	-103.7M	-295.7K	0.18	70.01	N/A	N/A	467	86	55,664	47,928