IEF Options History — January 2025

In January 2025, IEF traded between $91.16 and $93.13. ATM implied volatility averaged 7.5%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 2.1%. IV traded above realized volatility by 1.1% (HV 20d: 6.3%). Max pain ranged from $93.00 to $94.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.44.

Notable Days

  • 2025-01-10: Highest Volume — 135,701 contracts
  • 2025-01-06: Largest IV spike — 5.6% change
  • 2025-01-13: Highest IV Rank — 38.0%
  • 2025-01-13: Largest Expected Move — 2.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.33$91.16$93.13$92.50$92.81
Max Pain$93.15$93.00$94.00$93.00$93.00
ATM IV7.5%7.0%8.1%7.3%7.3%
Expected Move2.1%2.0%2.2%2.1%2.1%
HV 20d6.3%5.6%7.4%6.1%6.2%
HV 60d6.6%6.3%6.8%6.3%6.6%
IV Rank24.9%15.4%38.0%21.1%21.4%
IV Percentile41.6%17.5%78.2%31.7%34.9%
Term Structure0.0%-0.4%0.7%0.7%0.2%
VWIV7.5%6.9%9.0%7.4%7.3%
Skew 25d-0.0%-0.5%0.4%-0.2%-0.4%
Skew 10d-0.2%-1.1%0.8%-0.5%-1.1%
Call IV 25d7.6%6.8%8.3%7.5%7.4%
Put IV 25d7.5%6.8%8.4%7.3%7.0%
Bid-Ask Spread %32.4717.5444.2717.5437.10
Gamma HHI0.160.130.240.130.15
Net GEX23.3M-48.6M96.8M8.7M74.9M
Net DEX-126.8M-360.2M168.7M19.9M-316.4M
Net VEX-3.0M-3.8M-1.9M-2.0M-3.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.440.056.400.393.19
Total Volume16,435.651,093135,7011,5907,121
Total OI283,384257,796339,207257,796284,224

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$92.50$93.007.3%2.1%6.1%21.1%7.4%-0.2%0.7%8.7M19.9M-2.0M0.3917.541,147443157,095100,701
2025-01-03$92.34$93.007.3%2.0%5.9%21.4%7.2%-0.1%0.6%2.3M10.3M-1.9M0.8038.551,2941,041157,900100,969
2025-01-06$92.22$94.007.7%2.2%5.8%29.9%9.0%0.0%-0.1%-7.4M71.2M-1.9M0.0629.483,486218157,100101,739
2025-01-07$91.87$94.007.7%2.2%5.6%29.6%7.7%0.3%0.1%-29.9M118.5M-1.9M3.6525.012,1657,901158,079105,665
2025-01-08$92.00$94.007.9%2.2%5.7%33.9%7.6%0.4%0.0%-27.1M114.7M-1.9M0.3831.1915,6305,924159,325107,584
2025-01-10$91.28$93.007.8%2.1%6.2%31.9%7.9%0.3%0.0%-48.6M168.7M-2.0M0.0528.95129,8485,853173,345110,216
2025-01-13$91.16$93.008.1%2.2%6.1%38.0%8.0%0.1%-0.2%-24.8M33.0M-3.1M0.9331.512,0961,949192,822112,034
2025-01-14$91.19$93.007.9%2.2%6.1%34.7%7.9%0.1%-0.4%-28.8M25.4M-3.1M0.7821.605,3294,146194,034112,720
2025-01-15$92.13$93.007.6%2.1%7.3%28.6%7.4%0.1%-0.3%24.6M-140.0M-3.1M0.6129.4937,93923,175195,228113,858
2025-01-16$92.44$93.007.5%2.1%7.4%26.3%7.5%0.0%-0.3%50.4M-263.3M-3.4M6.4032.442,09013,379225,528100,706
2025-01-17$92.44$93.007.5%2.1%7.4%26.0%7.4%0.1%-0.3%64.8M-239.2M-3.7M0.4730.2310,7345,010226,387112,820
2025-01-21$92.73$93.007.4%2.1%6.5%22.9%7.3%0.3%-0.1%53.7M-232.8M-3.7M0.1134.144,049426174,70390,484
2025-01-22$92.53$93.007.0%2.0%6.3%15.4%6.9%0.1%-0.0%39.2M-233.6M-3.6M1.0037.17546547176,73990,769
2025-01-23$92.30$93.007.1%2.0%6.2%18.0%7.0%0.1%0.0%31.8M-157.8M-3.7M3.0836.878332,564181,93096,212
2025-01-24$92.44$93.007.1%2.0%6.0%18.0%7.0%-0.2%-0.0%-42.5M-167.4M-3.6M1.3838.44510704182,59498,385
2025-01-27$93.09$93.007.4%2.2%6.4%24.4%7.6%-0.5%0.2%76.9M-334.2M-3.8M0.0636.8812,360792181,95895,595
2025-01-28$93.03$93.007.2%2.1%6.4%20.2%7.3%-0.4%0.3%72.8M-327.2M-3.7M0.2831.412,567730179,92995,563
2025-01-29$92.95$93.007.1%2.1%6.4%17.5%7.4%-0.5%0.3%78.9M-326.2M-3.7M0.1144.278,813996182,28496,254
2025-01-30$93.13$93.007.1%2.0%6.1%17.9%7.2%-0.4%0.3%96.8M-360.2M-3.7M5.1437.157103,648187,08497,118
2025-01-31$92.81$93.007.3%2.1%6.2%21.4%7.3%-0.4%0.2%74.9M-316.4M-3.5M3.1937.101,7015,420187,07197,153