WULF Options History — November 2025

In November 2025, WULF traded between $11.04 and $16.19. ATM implied volatility averaged 104.3%, placing in the 35.8% IV rank vs the trailing year. The 30-day expected move averaged 30.5%. IV traded below realized volatility by 13.2% (HV 20d: 117.5%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.38.

Notable Days

  • 2025-11-13: Highest Volume — 286,133 contracts
  • 2025-11-25: Largest IV drop — 9.5% change
  • 2025-11-24: Highest IV Rank — 50.4%
  • 2025-11-24: Largest Expected Move — 33.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.31$11.04$16.19$16.19$15.39
Max Pain$13.74$10.00$15.00$10.00$14.00
ATM IV104.3%94.3%116.9%101.5%104.6%
Expected Move30.5%27.2%33.0%31.1%29.7%
HV 20d117.5%107.7%127.8%107.7%114.7%
HV 60d95.9%79.5%120.7%119.8%95.6%
IV Rank35.8%24.2%50.4%32.6%36.1%
IV Percentile50.4%19.4%87.3%39.3%54.4%
Term Structure-1.8%-23.4%6.3%-8.1%4.7%
VWIV106.9%97.1%114.5%108.3%102.9%
Skew 25d1.7%-14.0%27.1%-6.6%2.8%
Skew 10d6.1%-31.6%45.8%-15.8%-10.4%
Call IV 25d102.7%85.7%114.3%105.9%99.6%
Put IV 25d104.4%95.2%117.3%99.3%102.4%
Bid-Ask Spread %62.5336.0578.6351.1368.14
Gamma HHI0.080.060.110.110.08
Net GEX6.8M1.6M13.9M13.9M11.4M
Net DEX-776.8M-1.33B-383.6M-1.33B-1.17B
Net VEX-4.1M-4.6M-3.6M-4.4M-4.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.080.810.810.37
Total Volume153,488.73752,794286,133155,257149,842
Total OI2,367,359.9472,090,8832,605,6462,191,2612,198,433

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$16.19$10.00101.5%31.1%107.7%32.6%108.3%-6.6%-8.1%13.9M-1.33B-4.4M0.8151.13N/AN/A85,93269,3251,449,398741,863
2025-11-04$15.18$10.00106.8%31.8%111.3%38.7%112.1%-2.5%-1.6%11.9M-1.14B-4.3M0.4345.82N/AN/A81,85435,0871,465,905787,656
2025-11-05$15.21$10.00101.3%31.4%111.2%32.3%110.8%-1.7%-0.1%12.0M-1.11B-4.3M0.0854.12N/AN/A113,4728,8101,483,503809,487
2025-11-06$14.39$15.0099.3%28.9%108.4%30.1%101.3%-2.4%3.2%9.8M-960.2M-4.3M0.1864.19N/AN/A74,18513,2041,523,378813,202
2025-11-07$13.98$15.0098.9%29.0%108.8%29.6%102.0%1.3%0.5%9.0M-838.3M-4.2M0.6352.01N/AN/A150,38894,1811,524,360817,078
2025-11-10$14.41$15.0097.6%28.5%108.2%28.1%100.3%-1.9%1.2%9.5M-968.4M-4.3M0.7450.14N/AN/A79,54558,8841,505,364816,415
2025-11-11$12.16$15.0094.3%27.2%118.5%24.2%97.1%-1.8%0.6%3.0M-510.1M-3.8M0.3071.44N/AN/A165,56749,0951,541,234841,942
2025-11-12$12.96$15.0097.2%29.3%121.2%27.6%101.5%-14.0%1.9%5.3M-663.0M-4.0M0.4878.63N/AN/A173,59683,0791,550,975852,398
2025-11-13$11.79$15.00104.3%30.3%120.0%35.8%108.4%0.4%1.5%2.6M-460.7M-3.8M0.1346.46N/AN/A252,78133,3521,611,597886,081
2025-11-14$11.14$15.00100.1%28.5%121.2%31.0%102.3%-2.0%-1.4%1.6M-383.6M-3.6M0.6536.05N/AN/A101,71965,6081,679,008883,990
2025-11-17$11.04$14.00107.5%31.0%121.1%39.6%107.8%-2.4%-5.6%1.8M-391.7M-3.6M0.3768.66N/AN/A83,58130,6811,637,046865,843
2025-11-18$12.16$14.00108.7%31.2%125.7%41.0%109.6%-1.4%-4.1%4.4M-608.6M-3.9M0.2177.42N/AN/A95,83919,7821,662,926873,053
2025-11-19$12.27$14.00107.9%30.9%124.7%40.0%107.8%-0.8%-8.0%4.6M-635.3M-4.0M0.1468.37N/AN/A67,9779,7641,692,208880,758
2025-11-20$11.67$14.00113.2%32.8%125.2%46.2%114.5%1.3%-23.4%3.2M-555.6M-3.9M0.3572.72N/AN/A164,77957,7191,723,655881,991
2025-11-21$11.43$14.00113.2%32.2%123.4%46.1%112.7%7.1%6.3%2.7M-498.7M-3.8M0.5476.90N/AN/A103,62856,4631,729,100869,596
2025-11-24$12.45$14.00116.9%33.0%127.8%50.4%112.0%27.1%-4.8%4.2M-582.8M-4.0M0.2276.27N/AN/A43,2589,5361,329,828761,055
2025-11-25$14.29$14.00105.8%32.0%119.2%37.6%111.8%19.8%0.5%7.9M-915.0M-4.3M0.2566.10N/AN/A93,00022,9791,354,199763,756
2025-11-26$14.84$14.00101.9%30.7%114.0%33.0%107.2%10.4%2.7%9.6M-1.04B-4.5M0.2963.52N/AN/A91,53826,2561,399,656771,902
2025-11-28$15.39$14.00104.6%29.7%114.7%36.1%102.9%2.8%4.7%11.4M-1.17B-4.6M0.3768.14N/AN/A109,61240,2301,421,242777,191