TON Strategy Co (TONX) Options Statistics & Positioning

TON Strategy Co (TONX) options trade at a 30-day at-the-money implied volatility of 339.7%, an IV rank of 38 out of 100 over the past year. The options market prices a ±$1.52 (±47.0%) move in TONX for the front expiration. Max pain sits at $5 and the put/call open interest ratio is 1.47. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Oct 9, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$3.24

52-week range

$1.80 – $4.72

ATM IV (30d)

339.7%

IV rank

38 / 100

Low

Expected move

±$1.52 (±47.0%)

Put/call OI

1.47

Put-heavy

Max pain

↑ 54.6% above close

Next earnings

Nov 11, 2026

What's TONX's IV rank right now?Where's the max pain for TONX?Explain what gamma exposure means for TONX.

Most Active TONX Contracts

Contract	Expiration	DTE	Last	IV	Volume
TONX $2.5 call	May 21, 2027	224d	$1.43	99.6%	4
TONX $2.5 call	Oct 16, 2026	7d	$0.75	145.3%	1

See all active TONX contracts →

Explore TONX Options Statistics

TONX Implied Volatility

339.7% ATM IV (30d)

An IV rank of 38 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

TONX Open Interest

1.47 put/call OI ratio

1,075 calls and 1,583 puts outstanding across all expirations.

Full open interest analysis →

TONX Max Pain

$5 max pain

54.6% above the last close — see how max pain has moved over the past year.

Full max pain analysis →

TONX Gamma Exposure

-$27.44K net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

TONX Options Volume

5 contracts traded

Put/call volume ratio 0.00 — plus contracts running far above their usual volume.

Full volume & flow analysis →

TONX Most Active Options

$2.5 top volume strike

The 25 most actively traded TONX contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

TONX's next expected earnings date is Nov 11, 2026. Options currently price a ±$1.52 (±47.0%) move for the front expiration.

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TONX Options FAQ

When is TONX's next earnings date?

TONX's next expected earnings date is Nov 11, 2026. Options currently price a ±$1.52 (±47.0%) move for the front expiration.

How often is TONX options data on this page updated?

All TONX statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see TONX max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated TONX pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.