WULF Options History — August 2025

In August 2025, WULF traded between $4.78 and $9.55. ATM implied volatility averaged 98.0%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 27.8%. IV traded below realized volatility by 30.8% (HV 20d: 128.8%). Max pain ranged from $4.00 to $7.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.30.

Notable Days

2025-08-14: Highest Volume — 708,609 contracts
2025-08-15: Largest IV drop — 13.3% change
2025-08-14: Highest IV Rank — 58.5%
2025-08-14: Largest Expected Move — 34.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.40	$4.78	$9.55	$4.78	$9.36
Max Pain	$5.64	$4.00	$7.00	$4.00	$7.00
ATM IV	98.0%	80.7%	123.9%	106.1%	80.7%
Expected Move	27.8%	22.5%	34.8%	33.2%	22.5%
HV 20d	128.8%	66.3%	175.0%	76.2%	167.3%
HV 60d	115.5%	91.5%	130.8%	102.2%	127.9%
IV Rank	28.5%	8.5%	58.5%	37.9%	8.5%
IV Percentile	23.1%	1.2%	88.1%	35.3%	1.2%
Term Structure	-0.8%	-7.4%	4.8%	-5.5%	2.8%
VWIV	99.9%	80.2%	125.0%	125.0%	80.8%
Skew 25d	-8.5%	-16.2%	-4.4%	-11.1%	-5.0%
Skew 10d	-17.8%	-43.9%	-5.3%	-22.3%	-9.2%
Call IV 25d	104.3%	83.6%	125.8%	113.9%	83.6%
Put IV 25d	95.8%	78.6%	119.7%	102.8%	78.6%
Bid-Ask Spread %	18.52	7.05	34.61	34.61	27.42
Gamma HHI	0.17	0.12	0.33	0.13	0.16
Net GEX	3.4M	1.6M	5.9M	1.6M	4.0M
Net DEX	-343.2M	-594.6M	-125.8M	-125.8M	-473.4M
Net VEX	-1.1M	-1.5M	-775.9K	-775.9K	-1.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.30	0.18	0.72	0.27	0.21
Total Volume	159,296.619	29,182	708,609	67,123	78,623
Total OI	1,201,220.905	1,015,189	1,416,807	1,036,487	1,381,270

Daily Data (21 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
2025-08-01	$4.78	$4.00	106.1%	33.2%	76.2%	37.9%	125.0%	-11.1%	-5.5%	1.6M	-125.8M	-775.9K	0.27	34.61	N/A	N/A	52,973	14,150	773,332	263,155
2025-08-04	$4.88	$4.50	102.0%	28.9%	68.9%	33.1%	104.5%	-8.0%	3.7%	1.8M	-138.0M	-781.8K	0.26	15.85	N/A	N/A	23,370	6,001	761,115	254,074
2025-08-05	$5.00	$4.50	104.2%	29.2%	69.4%	35.7%	105.0%	-10.4%	0.8%	2.0M	-146.8M	-793.1K	0.34	22.42	N/A	N/A	21,703	7,479	770,440	256,833
2025-08-06	$5.12	$4.50	103.7%	29.0%	69.3%	35.1%	105.1%	-6.2%	-1.3%	2.0M	-159.9M	-812.2K	0.27	7.13	N/A	N/A	50,407	13,605	775,397	263,075
2025-08-07	$4.96	$4.50	102.7%	29.1%	69.3%	34.0%	102.9%	-7.9%	2.3%	2.0M	-144.6M	-784.4K	0.71	12.42	N/A	N/A	60,032	42,344	796,896	272,602
2025-08-08	$4.96	$5.00	101.6%	30.3%	66.9%	32.7%	110.0%	-10.7%	-7.4%	2.3M	-141.3M	-796.4K	0.20	11.59	N/A	N/A	107,243	21,370	808,112	298,634
2025-08-11	$5.41	$5.00	107.7%	30.4%	72.6%	39.8%	111.9%	-15.3%	-1.6%	2.4M	-189.2M	-850.8K	0.20	9.56	N/A	N/A	101,238	20,025	783,328	280,128
2025-08-12	$5.24	$5.00	106.3%	29.7%	72.0%	38.2%	109.1%	-11.1%	-2.8%	2.5M	-169.6M	-826.3K	0.19	7.38	N/A	N/A	58,304	10,868	809,863	290,370
2025-08-13	$5.44	$5.00	113.7%	31.4%	66.3%	46.7%	114.2%	-16.2%	-5.8%	2.7M	-198.7M	-867.3K	0.21	9.35	N/A	N/A	84,956	18,215	832,918	293,756
2025-08-14	$8.55	$5.00	123.9%	34.8%	173.3%	58.5%	120.0%	-6.1%	-3.5%	2.7M	-552.6M	-997.2K	0.23	10.64	N/A	N/A	576,698	131,911	848,475	301,089
2025-08-15	$8.96	$5.50	107.4%	29.9%	171.6%	39.4%	106.1%	-11.7%	-2.5%	5.9M	-594.6M	-1.1M	0.22	17.27	N/A	N/A	281,999	62,664	942,690	375,330
2025-08-18	$9.55	$6.00	93.8%	26.9%	170.9%	23.7%	95.4%	-10.0%	-1.0%	4.4M	-508.1M	-1.2M	0.35	9.50	N/A	N/A	326,979	113,055	761,077	319,532
2025-08-19	$8.86	$6.00	95.2%	27.3%	175.0%	25.3%	96.3%	-9.9%	-0.3%	3.6M	-410.5M	-1.3M	0.30	27.05	N/A	N/A	210,502	63,565	853,439	387,025
2025-08-20	$9.21	$6.00	93.0%	26.7%	174.5%	22.7%	94.1%	-6.4%	0.1%	4.3M	-465.0M	-1.4M	0.27	26.15	N/A	N/A	143,411	39,299	900,330	415,093
2025-08-21	$9.14	$6.00	89.4%	25.6%	174.9%	18.6%	90.1%	-5.1%	0.8%	4.9M	-471.9M	-1.5M	0.25	23.25	N/A	N/A	97,638	24,192	966,698	423,234
2025-08-22	$9.27	$7.00	86.7%	24.6%	173.8%	15.5%	86.6%	-6.2%	4.8%	4.2M	-493.3M	-1.5M	0.30	7.05	N/A	N/A	143,049	42,511	979,142	437,665
2025-08-25	$8.96	$7.00	85.1%	24.2%	174.3%	13.6%	87.7%	-5.1%	0.9%	4.0M	-423.1M	-1.4M	0.28	33.19	N/A	N/A	70,848	19,880	900,100	402,607
2025-08-26	$9.16	$7.00	85.9%	24.4%	174.3%	14.6%	87.7%	-6.4%	1.2%	4.4M	-455.3M	-1.5M	0.18	26.45	N/A	N/A	54,428	9,953	918,491	415,640
2025-08-27	$9.14	$7.00	87.4%	23.8%	172.2%	16.2%	85.2%	-4.4%	-3.2%	4.5M	-448.4M	-1.5M	0.44	16.53	N/A	N/A	34,398	15,059	932,756	418,818
2025-08-28	$9.47	$7.00	81.6%	22.7%	172.0%	9.5%	80.2%	-5.6%	1.3%	5.7M	-497.6M	-1.5M	0.72	34.06	N/A	N/A	52,492	37,792	938,281	422,829
2025-08-29	$9.36	$7.00	80.7%	22.5%	167.3%	8.5%	80.8%	-5.0%	2.8%	4.0M	-473.4M	-1.5M	0.21	27.42	N/A	N/A	64,943	13,680	949,381	431,889