WULF Options History — October 2025

In October 2025, WULF traded between $11.49 and $16.49. ATM implied volatility averaged 104.4%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 30.0%. IV traded above realized volatility by 32.3% (HV 20d: 72.1%). Max pain ranged from $8.00 to $10.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.30.

Notable Days

2025-10-14: Highest Volume — 559,439 contracts
2025-10-30: Largest IV spike — 8.1% change
2025-10-15: Highest IV Rank — 58.2%
2025-10-15: Largest Expected Move — 33.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.59	$11.49	$16.49	$11.49	$15.32
Max Pain	$9.13	$8.00	$10.00	$10.00	$10.00
ATM IV	104.4%	90.5%	123.7%	92.3%	99.7%
Expected Move	30.0%	24.9%	33.7%	26.2%	29.9%
HV 20d	72.1%	49.7%	106.7%	61.4%	106.7%
HV 60d	113.3%	110.2%	120.1%	111.7%	119.7%
IV Rank	35.9%	19.9%	58.2%	22.0%	30.5%
IV Percentile	46.8%	13.1%	88.1%	15.5%	34.9%
Term Structure	-0.5%	-9.7%	16.4%	1.7%	1.1%
VWIV	105.8%	87.4%	119.0%	91.5%	106.1%
Skew 25d	-1.7%	-7.4%	27.0%	27.0%	-2.0%
Skew 10d	-9.7%	-49.1%	30.8%	-6.9%	30.8%
Call IV 25d	106.1%	64.4%	127.1%	64.4%	101.3%
Put IV 25d	104.4%	87.5%	123.1%	91.4%	99.3%
Bid-Ask Spread %	32.38	11.98	52.97	44.04	52.08
Gamma HHI	0.09	0.07	0.18	0.11	0.10
Net GEX	10.2M	6.7M	14.6M	7.1M	11.7M
Net DEX	-988.6M	-1.52B	-665.6M	-665.6M	-1.19B
Net VEX	-3.5M	-4.4M	-2.4M	-2.4M	-4.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.30	0.04	0.68	0.51	0.15
Total Volume	201,375.217	54,608	559,439	54,608	95,630
Total OI	2,001,261	1,643,191	2,303,530	1,643,191	2,283,970

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	$11.49	$10.00	92.3%	26.2%	61.4%	22.0%	91.5%	27.0%	1.7%	7.1M	-665.6M	-2.4M	0.51	44.04	N/A	N/A	36,142	18,466	1,131,885	511,306
2025-10-02	$11.71	$10.00	90.5%	26.1%	60.0%	19.9%	93.0%	-3.5%	2.5%	7.7M	-703.0M	-2.4M	0.14	41.85	N/A	N/A	96,191	13,210	1,129,807	514,257
2025-10-03	$11.96	$10.00	93.3%	24.9%	59.7%	23.0%	87.4%	-2.0%	5.4%	10.4M	-743.4M	-2.6M	0.50	44.25	N/A	N/A	118,725	59,329	1,160,192	529,942
2025-10-06	$12.04	$8.00	91.6%	26.7%	59.7%	21.2%	94.5%	-4.3%	2.2%	7.5M	-746.3M	-2.6M	0.17	29.83	N/A	N/A	121,768	20,456	1,149,207	537,075
2025-10-07	$12.07	$8.00	95.8%	27.1%	51.1%	26.0%	95.9%	-5.3%	-0.6%	8.3M	-767.0M	-2.7M	0.26	28.89	N/A	N/A	96,610	25,588	1,198,238	541,787
2025-10-08	$12.39	$8.00	98.8%	26.9%	49.7%	29.4%	95.3%	6.1%	-7.6%	9.4M	-821.9M	-2.6M	0.09	32.07	N/A	N/A	89,082	8,001	1,206,553	544,748
2025-10-09	$13.67	$8.00	103.2%	28.1%	59.2%	34.5%	98.7%	-2.9%	1.3%	11.5M	-1.06B	-2.8M	0.54	11.98	N/A	N/A	293,750	158,072	1,221,513	547,257
2025-10-10	$13.43	$9.00	109.5%	30.2%	59.9%	41.8%	107.1%	-5.2%	-9.7%	11.4M	-1.03B	-3.0M	0.15	38.96	N/A	N/A	404,901	59,570	1,293,795	650,951
2025-10-13	$14.04	$9.00	107.6%	30.2%	57.5%	39.6%	106.0%	-7.4%	-3.8%	11.4M	-1.12B	-3.2M	0.16	21.77	N/A	N/A	119,955	19,109	1,340,008	657,792
2025-10-14	$15.39	$8.00	115.5%	32.9%	61.3%	48.8%	114.9%	-2.8%	12.1%	12.1M	-1.43B	-3.4M	0.26	32.51	N/A	N/A	445,456	113,983	1,372,414	664,110
2025-10-15	$15.61	$9.00	123.7%	33.7%	60.5%	58.2%	119.0%	-4.0%	-5.1%	13.4M	-1.52B	-3.7M	0.35	16.63	N/A	N/A	241,608	85,601	1,489,193	688,629
2025-10-16	$14.03	$9.00	117.6%	32.6%	72.8%	51.3%	115.9%	-3.3%	-5.1%	11.4M	-1.12B	-4.0M	0.61	24.76	N/A	N/A	169,987	103,536	1,506,603	754,048
2025-10-17	$13.82	$9.00	111.9%	32.0%	73.4%	44.6%	113.4%	-4.3%	1.0%	8.8M	-1.08B	-4.0M	0.68	19.85	N/A	N/A	95,342	64,886	1,538,175	765,355
2025-10-20	$13.80	$9.00	113.4%	32.3%	73.3%	46.3%	112.9%	-4.9%	-2.2%	9.3M	-960.3M	-3.9M	0.20	19.91	N/A	N/A	89,846	17,810	1,373,113	652,770
2025-10-21	$13.05	$9.00	107.6%	30.7%	75.8%	39.7%	108.5%	-3.5%	-1.8%	8.1M	-810.2M	-3.8M	0.15	19.77	N/A	N/A	105,523	15,336	1,400,957	661,555
2025-10-22	$12.46	$9.00	111.3%	31.9%	78.0%	43.9%	113.2%	-6.7%	-4.2%	6.7M	-703.1M	-3.6M	0.20	35.22	N/A	N/A	135,826	27,716	1,419,341	670,835
2025-10-23	$12.87	$9.00	106.9%	30.9%	76.3%	38.8%	108.2%	0.4%	-7.2%	7.9M	-770.8M	-3.7M	0.25	38.43	N/A	N/A	76,933	19,589	1,426,310	684,891
2025-10-24	$13.57	$9.00	107.7%	31.5%	77.4%	39.7%	112.7%	-6.2%	-5.7%	11.1M	-912.9M	-3.9M	0.04	22.55	N/A	N/A	283,203	12,037	1,449,468	699,118
2025-10-27	$13.70	$10.00	107.5%	31.7%	74.3%	39.5%	112.5%	2.1%	-5.5%	9.5M	-917.2M	-3.9M	0.50	38.88	N/A	N/A	47,486	23,800	1,409,129	671,950
2025-10-28	$16.49	$10.00	99.9%	30.8%	97.2%	30.8%	108.2%	-2.7%	16.4%	14.6M	-1.46B	-4.3M	0.30	26.60	N/A	N/A	256,448	76,841	1,424,548	689,562
2025-10-29	$14.80	$10.00	94.2%	31.0%	106.7%	24.1%	109.7%	0.7%	0.4%	11.8M	-1.08B	-4.2M	0.30	51.02	N/A	N/A	115,626	35,019	1,464,308	748,710
2025-10-30	$14.95	$10.00	101.7%	30.8%	106.6%	32.8%	109.5%	-4.6%	2.3%	12.7M	-1.12B	-4.3M	0.33	52.97	N/A	N/A	88,203	29,434	1,488,295	765,333
2025-10-31	$15.32	$10.00	99.7%	29.9%	106.7%	30.5%	106.1%	-2.0%	1.1%	11.7M	-1.19B	-4.4M	0.15	52.08	N/A	N/A	83,356	12,274	1,505,508	778,462