Options

HIVE options

Figures as of 28 Sep 2026

The options figures are from the close on 28 Sep 2026.

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At a glance

Figure	Value	Date
IV rank	7 of 100	28 Sep
At the money IV	68.1%	28 Sep
Priced move to 30 Oct	20.2% down, 20.2% up	28 Sep
Call wall and put wall	4 and 3	28 Sep
Last close	3.04	28 Sep

Options Snapshot

HIVE's IV rank is 7 of 100 on 28 Sep 2026.

Figure	Value
IV rank	7 of 100
At the money IV	68.1%, near month, 32 days
Put/call ratio, open interest	0.27
Call open interest, strikes captured near the price	107,000 contracts
Put open interest, strikes captured near the price	28,400 contracts
Cost to trade at the money	Wide, 115.6% of the option's mid price

IV rank is where the at the money IV sits among HIVE's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, HIVE options priced a move of 20.2 percent down and 20.2 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	8.3%	8.3%	2.79 to 3.29
9 Oct 2026	11	16.0%	16.0%	2.55 to 3.53
16 Oct 2026	18	20.3%	20.3%	2.42 to 3.66
30 Oct 2026	32	20.2%	20.2%	2.43 to 3.65
20 Nov 2026	53	35.2%	35.2%	1.97 to 4.11
18 Dec 2026	81	45.7%	45.7%	1.65 to 4.43
19 Mar 2027	172	64.1%	64.1%	1.09 to 4.99

The range is one standard deviation either side of the close of 3.04, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, HIVE's call wall is the 4 strike and its put wall is the 3 strike.

Figure	Value
Call wall, most open call gamma	4
Put wall, most open put gamma	3
Flip strike, where net gamma changes sign	2.44
Net dollar gamma, calls minus puts	$187,300
Total dollar gamma, both sides	$319,135
Close	3.04

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, HIVE's at the money IV is 68.1 percent against 20 day realized volatility of 73.0 percent.

Figure	Value
At the money IV	68.1%
Realized volatility, 20 trading days	73.0%
Realized volatility, 60 trading days	92.2%
IV against its own weekly record	Low, in the bottom fifth
Weekly readings on record	494, from 30 May 2014
Weeks the price moved more than the one week priced move	16.7% of 228 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, HIVE's at the money IV runs from 79.3 percent at 4 days to 93.6 percent at 172 days.

Days to expiry	At the money IV
4	79.3%
11	92.2%
18	91.5%
25	243.8%
32	68.1%
53	92.4%
81	96.9%
172	93.6%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, HIVE's surface spans 9 expiries out to 172 days, with IV from 65.4 to 165.4 percent near the price.

Figure	Value
Expiries captured	9
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	8
Lowest IV among them	65.4%
Highest IV among them	165.4%

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Surface in RingMaster The Volatility Surface guide

Expiry Ladder

On 28 Sep 2026, HIVE has 9 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	79.3%	2,672	868
9 Oct 2026	11	92.2%	1,025	634
16 Oct 2026	18	91.5%	5,680	1,111
23 Oct 2026	25	243.8%	1,347	341
30 Oct 2026	32	68.1%	1,190	801
20 Nov 2026	53	92.4%	1,434	151
18 Dec 2026	81	96.9%	31,287	5,419
15 Jan 2027	109	87.9%	58,420	13,859
19 Mar 2027	172	93.6%	3,571	5,232

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, HIVE's largest open interest sits at the 4 strike, with 37,990 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
4	34,748	3,242	37,990
3	18,517	11,275	29,792
5	24,681	685	25,366
2	5,053	8,035	13,088
3.5	7,259	1,863	9,122
4.5	7,182	269	7,451

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, HIVE's at the money IV moved from 83.5 percent to 68.1 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	83.5%	68.1%	-15.3 points
Open interest, strikes captured near the price	136,776	135,042	-1,734
Put/call ratio, open interest	0.25	0.27	+0.01

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 5,555 HIVE option contracts traded, 1.0 times its own recent average.

Figure	Value
Calls traded	4,614
Puts traded	941
Against its recent average	1.0 times
Open interest, whole chain	193,038 contracts
Volume to open interest	0.03
Unusual volume flag	Yes, 2 contracts traded well above open interest
Largest flagged contract	The 3.5 call expiring 16 Oct, 843 traded against 371 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 3 trading days of HIVE's option positioning, from 24 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
24 Sep 2026	3.30	$285,466	4	3
28 Sep 2026	3.04	$187,300	4	3

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Price Chart

HIVE closed at 3.04 on 28 Sep 2026.

Figure	Value
Last close	3.04
Change over 5 trading days	-12.6%
Change over 21 trading days	-0.7%
Change over 63 trading days	-19.1%
Change over 252 trading days	-15.1%
52 week high	7.84
52 week low	1.73
20 day moving average	3.09
50 day moving average	2.97
200 day moving average	2.90
RSI, 14 days	48

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

Open Price Chart in RingMaster The Price Chart guide

Questions

What is HIVE's IV rank?: HIVE's IV rank is 7 of 100 on 28 Sep 2026.
What move are HIVE options pricing?: On 28 Sep 2026, HIVE options priced a move of 20.2 percent down and 20.2 percent up by 30 Oct 2026.
Where are HIVE's call wall and put wall?: On 28 Sep 2026, HIVE's call wall is the 4 strike and its put wall is the 3 strike.

Guides and the full list

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