WULF Options History — July 2025

In July 2025, WULF traded between $4.45 and $5.39. ATM implied volatility averaged 105.3%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 30.3%. IV traded above realized volatility by 0.3% (HV 20d: 105.0%). Max pain ranged from $3.50 to $4.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.22.

Notable Days

2025-07-07: Highest Volume — 83,001 contracts
2025-07-07: Largest IV spike — 21.8% change
2025-07-07: Highest IV Rank — 50.6%
2025-07-31: Largest Expected Move — 32.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.07	$4.45	$5.39	$4.45	$5.21
Max Pain	$3.91	$3.50	$4.00	$4.00	$4.00
ATM IV	105.3%	96.1%	117.1%	99.3%	101.2%
Expected Move	30.3%	28.3%	32.0%	28.3%	32.0%
HV 20d	105.0%	71.4%	127.7%	122.1%	71.4%
HV 60d	109.5%	100.6%	122.1%	119.8%	100.6%
IV Rank	37.0%	26.4%	50.6%	30.1%	32.2%
IV Percentile	33.5%	10.3%	70.2%	18.3%	23.0%
Term Structure	-3.9%	-17.0%	3.1%	3.1%	-15.3%
VWIV	109.1%	101.5%	122.8%	103.2%	119.3%
Skew 25d	-10.1%	-15.1%	-3.5%	-8.0%	-12.9%
Skew 10d	-20.6%	-43.0%	16.1%	-26.3%	-25.7%
Call IV 25d	112.7%	100.7%	124.0%	106.3%	115.5%
Put IV 25d	102.6%	94.6%	114.9%	98.4%	102.6%
Bid-Ask Spread %	21.64	6.03	55.24	55.24	30.41
Gamma HHI	0.15	0.12	0.23	0.12	0.14
Net GEX	2.0M	1.3M	2.9M	1.3M	2.0M
Net DEX	-160.1M	-192.1M	-116.6M	-116.6M	-163.8M
Net VEX	-812.5K	-847.6K	-737.2K	-737.2K	-825.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.22	0.09	0.53	0.31	0.09
Total Volume	50,845.091	22,284	83,001	52,501	79,926
Total OI	973,388.227	895,978	1,028,214	895,978	1,009,086

Daily Data (22 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
2025-07-01	$4.45	$4.00	99.3%	28.3%	122.1%	30.1%	103.2%	-8.0%	3.1%	1.3M	-116.6M	-737.2K	0.31	55.24	N/A	N/A	39,998	12,503	662,124	233,854
2025-07-02	$5.04	$4.00	103.2%	29.3%	127.7%	34.6%	101.5%	-9.4%	-14.5%	1.7M	-166.7M	-817.4K	0.10	38.42	N/A	N/A	70,080	6,949	673,893	243,762
2025-07-03	$5.25	$3.50	96.1%	29.0%	122.6%	26.4%	105.1%	-9.7%	-3.4%	1.9M	-183.9M	-835.9K	0.29	20.96	N/A	N/A	60,826	17,605	686,033	246,089
2025-07-07	$4.78	$3.50	117.1%	30.3%	121.7%	50.6%	108.4%	-11.4%	-13.4%	1.7M	-140.4M	-782.7K	0.43	14.46	N/A	N/A	57,956	25,045	695,310	245,566
2025-07-08	$4.83	$3.50	103.9%	29.4%	113.4%	35.4%	103.4%	-5.5%	-1.1%	1.9M	-144.1M	-785.0K	0.18	17.09	N/A	N/A	41,545	7,356	710,633	245,399
2025-07-09	$4.95	$3.50	106.9%	29.2%	113.3%	38.8%	102.7%	-9.4%	-6.6%	2.0M	-154.8M	-798.8K	0.09	12.46	N/A	N/A	28,161	2,535	714,824	250,218
2025-07-10	$5.11	$4.00	108.0%	29.6%	113.7%	40.0%	104.6%	-4.2%	-1.7%	2.2M	-173.4M	-818.9K	0.39	20.02	N/A	N/A	25,546	9,883	728,280	251,443
2025-07-11	$4.86	$4.00	99.2%	29.0%	114.5%	29.9%	103.7%	-3.5%	2.3%	1.9M	-143.9M	-784.7K	0.20	16.24	N/A	N/A	53,727	10,684	730,469	253,776
2025-07-14	$5.04	$4.00	107.0%	30.7%	114.6%	39.0%	110.1%	-10.5%	0.8%	2.2M	-162.3M	-807.3K	0.19	6.51	N/A	N/A	35,153	6,802	726,122	251,540
2025-07-15	$4.84	$4.00	105.1%	30.0%	112.7%	36.7%	108.9%	-9.5%	2.4%	2.0M	-143.5M	-782.1K	0.21	9.80	N/A	N/A	28,506	6,033	733,950	256,521
2025-07-16	$5.28	$4.00	106.7%	30.6%	113.2%	38.6%	106.1%	-7.6%	-1.3%	2.7M	-182.7M	-834.4K	0.18	6.03	N/A	N/A	39,563	7,032	734,324	258,666
2025-07-17	$5.36	$4.00	105.5%	30.7%	105.4%	37.2%	105.3%	-9.2%	-17.0%	2.9M	-192.1M	-835.9K	0.24	6.65	N/A	N/A	46,707	11,428	737,029	262,475
2025-07-18	$5.13	$4.00	104.5%	30.2%	107.2%	36.1%	108.4%	-10.9%	-3.3%	1.7M	-169.2M	-825.6K	0.15	18.74	N/A	N/A	51,069	7,512	756,314	271,900
2025-07-21	$5.00	$4.00	110.3%	30.8%	106.1%	42.8%	113.3%	-9.1%	-3.6%	1.6M	-145.6M	-801.8K	0.23	27.16	N/A	N/A	32,113	7,309	697,992	245,703
2025-07-22	$5.22	$4.00	110.3%	31.5%	103.0%	42.8%	117.4%	-15.1%	-1.3%	1.8M	-165.8M	-834.6K	0.13	23.47	N/A	N/A	39,885	5,327	706,688	250,159
2025-07-23	$5.17	$4.00	109.2%	31.6%	99.8%	41.5%	122.8%	-12.8%	-1.8%	1.9M	-161.5M	-830.3K	0.11	18.61	N/A	N/A	29,617	3,272	724,302	253,348
2025-07-24	$5.39	$4.00	109.7%	32.0%	99.7%	42.1%	113.4%	-13.0%	-2.2%	2.2M	-182.8M	-847.6K	0.13	23.30	N/A	N/A	41,624	5,547	729,036	255,298
2025-07-25	$5.24	$4.00	103.5%	30.6%	85.5%	34.9%	108.2%	-14.7%	-0.9%	1.9M	-166.9M	-832.0K	0.53	28.67	N/A	N/A	33,539	17,865	743,540	255,632
2025-07-28	$5.13	$4.00	103.0%	30.7%	80.7%	34.3%	110.5%	-12.3%	-3.6%	1.9M	-157.3M	-830.7K	0.25	28.14	N/A	N/A	17,834	4,450	735,712	251,502
2025-07-29	$5.21	$4.00	103.4%	31.3%	79.3%	34.8%	111.3%	-11.7%	-0.2%	2.0M	-165.5M	-834.0K	0.18	28.70	N/A	N/A	42,839	7,652	741,346	254,148
2025-07-30	$4.95	$4.00	103.2%	30.7%	82.1%	34.5%	112.1%	-11.2%	-2.0%	1.7M	-140.3M	-792.7K	0.31	25.08	N/A	N/A	30,234	9,355	741,486	259,049
2025-07-31	$5.21	$4.00	101.2%	32.0%	71.4%	32.2%	119.3%	-12.9%	-15.3%	2.0M	-163.8M	-825.4K	0.09	30.41	N/A	N/A	73,511	6,415	747,289	261,797