IEF Options History — October 2023

In October 2023, IEF traded between $88.98 and $91.50. ATM implied volatility averaged 10.6%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 3.1%. IV traded above realized volatility by 1.4% (HV 20d: 9.2%). Max pain ranged from $91.00 to $93.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.12.

Notable Days

  • 2023-10-19: Highest Volume — 82,133 contracts
  • 2023-10-03: Largest IV spike — 16.1% change
  • 2023-10-03: Highest IV Rank — 31.0%
  • 2023-10-03: Largest Expected Move — 3.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$90.19$88.98$91.50$90.63$89.75
Max Pain$92.09$91.00$93.00$93.00$91.00
ATM IV10.6%9.8%11.6%10.0%10.4%
Expected Move3.1%2.8%3.4%2.8%3.0%
HV 20d9.2%6.5%10.7%6.5%9.7%
HV 60d8.3%7.7%8.7%8.0%8.2%
IV Rank24.1%18.3%31.0%19.1%22.2%
IV Percentile71.6%49.2%86.1%54.8%68.3%
Term Structure-0.1%-0.5%0.1%-0.4%-0.1%
VWIV10.8%7.5%12.2%9.8%10.6%
Skew 25d0.6%-0.3%1.6%1.3%0.3%
Skew 10d1.1%-0.1%2.6%1.8%0.5%
Call IV 25d10.5%9.3%11.4%9.3%10.5%
Put IV 25d11.1%10.3%12.5%10.6%10.8%
Bid-Ask Spread %6.423.5429.034.144.74
Gamma HHI0.140.080.320.180.14
Net GEX14.9M-63.0M79.0M-10.0M76.6M
Net DEX99.7M-51.6M277.6M277.6M77.7M
Net VEX-1.5M-2.4M-1.0M-1.1M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.116.651.010.88
Total Volume13,954.3641,12182,1334,5071,121
Total OI204,408.045145,052280,395154,835273,067

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-10-02$90.63$93.0010.0%2.8%6.5%19.1%9.8%1.3%-0.4%-10.0M277.6M-1.1M1.014.142,2462,26189,50065,335
2023-10-03$89.84$93.0011.6%3.4%6.8%31.0%12.0%1.6%-0.4%-3.1M211.5M-1.0M3.088.295,29016,28991,05154,001
2023-10-04$90.43$93.0010.5%3.0%7.4%23.1%7.5%1.1%-0.3%-10.3M176.3M-1.1M1.315.934,3995,76794,73461,056
2023-10-05$90.60$93.0010.7%2.9%7.3%24.6%10.6%1.0%-0.3%-2.2M98.0M-1.1M1.994.002,9525,86793,45953,730
2023-10-06$90.13$93.0010.8%3.0%7.4%25.6%10.4%0.9%-0.3%-13.9M139.5M-1.0M0.266.7815,5133,99695,41956,758
2023-10-09$91.16$92.0011.1%3.1%8.7%27.5%11.4%0.4%-0.1%23.4M-7.3M-1.5M0.2017.1311,1492,269111,20656,866
2023-10-10$91.03$92.0010.6%3.0%8.7%23.8%10.5%0.3%0.1%27.1M-6.2M-1.5M0.213.982,746582120,74658,028
2023-10-11$91.50$92.009.8%2.9%8.9%18.3%10.0%0.7%0.1%42.0M-51.6M-1.5M0.804.272,9102,315122,42059,387
2023-10-12$90.70$92.0010.0%2.8%9.3%19.4%9.7%0.9%-0.1%7.2M61.6M-1.3M0.343.963,2561,111121,64159,620
2023-10-13$91.20$92.0010.5%3.0%9.6%22.8%10.6%0.3%0.0%19.7M-7.6M-1.4M6.653.817354,890123,39060,060
2023-10-16$90.72$92.0010.4%3.0%9.7%22.3%10.2%0.7%-0.1%428.2K70.8M-1.3M0.344.1410,3223,510120,12262,586
2023-10-17$89.84$92.0010.4%3.0%10.1%22.3%10.6%0.9%-0.2%-33.2M166.1M-1.2M0.893.5410,6809,459117,15264,501
2023-10-18$89.44$92.0010.9%3.1%10.1%25.8%11.3%0.6%-0.5%-40.6M145.5M-1.3M2.114.763,0926,529126,91863,050
2023-10-19$88.98$92.0011.4%3.3%9.9%30.0%11.8%0.9%-0.1%-49.4M190.9M-1.2M0.775.9146,31835,815129,08964,724
2023-10-20$89.38$92.0011.1%3.2%10.0%27.5%12.2%0.7%-0.4%-63.0M253.9M-1.8M0.374.3515,9215,813174,77790,557
2023-10-23$89.84$92.0010.7%3.1%10.0%24.3%11.4%0.1%0.1%44.5M108.0M-1.9M0.1129.0317,7061,867160,11077,543
2023-10-24$90.02$92.0010.2%3.0%10.1%20.9%11.0%0.3%0.1%61.8M57.5M-2.1M0.784.433,7642,921172,95978,455
2023-10-25$89.25$92.0011.1%3.3%10.3%27.6%11.8%0.8%-0.0%28.7M158.9M-2.0M0.654.984,1952,723176,24280,520
2023-10-26$89.93$92.0010.5%3.1%10.7%23.1%10.9%0.1%0.1%71.1M34.5M-2.2M0.454.0313,2165,881185,60480,689
2023-10-27$90.03$91.0010.5%3.1%10.7%23.1%11.3%-0.3%0.1%79.0M-4.5M-2.4M0.314.642,981927196,58683,809
2023-10-30$89.72$91.0010.8%3.2%10.1%25.5%11.3%0.1%-0.1%71.0M43.0M-2.2M1.194.302,6003,092188,43581,075
2023-10-31$89.75$91.0010.4%3.0%9.7%22.2%10.6%0.3%-0.1%76.6M77.7M-2.0M0.884.74595526189,40683,661