WBTN Options History — December 2025

In December 2025, WBTN traded between $12.30 and $14.35. ATM implied volatility averaged 69.8%, placing in the 10.7% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded below realized volatility by 2.1% (HV 20d: 71.9%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 2.34.

Notable Days

  • 2025-12-18: Highest Volume — 187 contracts
  • 2025-12-11: Largest IV drop — 48.2% change
  • 2025-12-10: Highest IV Rank — 31.1%
  • 2025-12-10: Largest Expected Move — 33.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.23$12.30$14.35$14.03$13.02
Max Pain$13.41$10.00$15.00$15.00$10.00
ATM IV69.8%51.3%116.0%68.2%68.3%
Expected Move19.1%14.7%33.3%19.6%19.6%
HV 20d71.9%32.0%114.2%113.4%32.0%
HV 60d82.9%72.4%103.7%103.6%72.4%
IV Rank10.7%2.5%31.1%9.9%10.0%
IV Percentile17.2%2.0%64.1%12.4%18.4%
Term Structure11.6%-10.9%45.5%-10.6%3.3%
VWIV60.2%40.4%75.2%75.2%68.2%
Skew 25d16.3%-9.2%72.8%6.6%12.1%
Skew 10d20.1%-22.2%91.4%23.8%28.4%
Call IV 25d58.9%40.7%76.8%67.1%65.5%
Put IV 25d75.1%48.1%127.2%73.7%77.6%
Bid-Ask Spread %102.2887.86117.14103.02106.91
Gamma HHI0.550.180.960.590.22
Net GEX-38.2K-180.5K8.0K-32.0K8.0K
Net DEX393.5K-258.4K1.0M567.4K-236.2K
Net VEX-4.0K-6.0K-2.8K-6.0K-2.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.340.0036.406.231.00
Total Volume51.3642187942
Total OI4,013.5911,5655,3855,3651,716

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$14.03$15.0068.2%19.6%113.4%9.9%75.2%6.6%-10.6%-32.0K567.4K-6.0K6.23103.02N/AN/A13812,5992,766
2025-12-02$13.76$15.0058.8%16.8%113.4%5.8%0.0%0.8%9.2%-33.5K529.6K-5.7K0.0197.74N/AN/A13512,6002,785
2025-12-03$14.11$15.0072.3%20.7%114.2%11.7%72.1%14.2%-1.8%-42.6K542.4K-5.3K0.0296.71N/AN/A10322,5142,786
2025-12-04$14.35$15.0066.5%18.4%113.8%9.2%0.0%13.4%10.7%-36.4K408.6K-5.1K0.1998.51N/AN/A2142,4162,786
2025-12-05$14.07$15.0072.1%22.9%113.5%11.7%0.0%26.0%2.9%-29.5K490.1K-5.5K0.13101.99N/AN/A812,4222,786
2025-12-08$13.63$15.0081.7%17.2%113.3%15.9%0.0%7.9%26.1%-46.6K784.4K-4.8K0.00108.44N/AN/A202,4222,777
2025-12-09$13.79$15.00108.9%16.7%112.8%27.9%0.0%17.9%18.1%-53.4K745.3K-4.5K0.00107.29N/AN/A4202,4212,777
2025-12-10$13.49$15.00116.0%33.3%112.9%31.1%0.0%72.8%-2.6%-39.1K730.9K-4.7K0.22117.14N/AN/A922,4592,777
2025-12-11$12.90$15.0060.1%17.2%113.4%6.4%56.7%-5.4%25.5%-78.0K836.6K-4.2K0.05106.46N/AN/A7342,4652,545
2025-12-12$12.57$12.5070.3%20.2%50.4%10.9%40.4%21.1%0.4%-75.6K919.6K-4.2K0.10113.24N/AN/A2022,5162,506
2025-12-15$12.56$12.5062.5%17.9%49.8%7.4%63.1%11.1%27.4%-80.3K906.0K-3.7K0.44114.36N/AN/A942,5162,431
2025-12-16$12.57$12.5067.9%19.5%49.6%9.8%68.1%-1.8%20.3%-80.2K897.1K-3.6K0.5499.45N/AN/A1372,5202,433
2025-12-17$12.30$12.5058.0%16.6%50.1%5.4%57.9%-9.2%45.5%-84.4K1.0M-3.4K3.00105.48N/AN/A132,5192,430
2025-12-18$12.59$12.5067.3%19.3%50.8%9.5%67.3%25.7%15.8%-180.5K819.2K-3.2K36.40101.64N/AN/A51822,5192,405
2025-12-19$12.69$12.5060.6%17.4%50.3%6.6%60.2%6.4%16.7%3.9K-58.7K-2.8K2.1387.86N/AN/A521112,5182,405
2025-12-22$13.09$12.5056.6%16.2%45.2%4.8%56.6%12.2%-9.4%5.1K-165.1K-2.9K0.0794.92N/AN/A6851,124441
2025-12-23$13.04$12.5067.6%19.4%41.5%9.7%63.1%9.6%-1.3%6.3K-185.2K-2.9K0.5990.63N/AN/A17101,166446
2025-12-24$13.09$12.5058.4%16.7%41.0%5.6%0.0%1.0%35.8%6.4K-206.2K-2.9K0.0997.19N/AN/A1111,165456
2025-12-26$13.20$12.5051.3%14.7%34.0%2.5%45.3%22.3%34.6%7.0K-200.8K-2.9K0.2789.47N/AN/A1131,175455
2025-12-29$13.16$12.5058.9%16.9%33.1%5.8%0.0%55.6%-1.2%7.2K-218.9K-2.9K0.00104.47N/AN/A5801,186458
2025-12-30$13.02$12.5083.5%23.9%32.5%16.7%48.0%37.3%-10.9%7.2K-258.4K-3.0K0.00107.29N/AN/A3401,232458
2025-12-31$13.02$10.0068.3%19.6%32.0%10.0%68.2%12.1%3.3%8.0K-236.2K-2.9K1.00106.91N/AN/A111,258458