IEF Options History — October 2025

In October 2025, IEF traded between $96.13 and $97.72. ATM implied volatility averaged 5.9%, placing in the 7.6% IV rank vs the trailing year. The 30-day expected move averaged 1.7%. IV traded above realized volatility by 2.0% (HV 20d: 3.9%). Max pain ranged from $96.00 to $97.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 1.80.

Notable Days

  • 2025-10-21: Highest Volume — 99,274 contracts
  • 2025-10-17: Largest IV drop — 9.6% change
  • 2025-10-16: Highest IV Rank — 21.3%
  • 2025-10-16: Largest Expected Move — 1.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$97.01$96.13$97.72$96.48$96.82
Max Pain$96.52$96.00$97.00$96.00$97.00
ATM IV5.9%5.4%6.7%5.7%5.6%
Expected Move1.7%1.4%1.9%1.6%1.5%
HV 20d3.9%3.1%4.7%4.0%4.6%
HV 60d4.6%4.2%4.8%4.8%4.4%
IV Rank7.6%0.0%21.3%0.0%2.2%
IV Percentile6.8%0.0%29.0%0.0%2.4%
Term Structure0.1%-0.2%0.6%0.6%0.2%
VWIV6.0%4.9%6.6%5.7%5.4%
Skew 25d-0.4%-0.9%0.1%-0.1%-0.4%
Skew 10d-0.7%-1.8%0.6%-0.0%-0.8%
Call IV 25d6.2%5.5%7.3%5.9%5.7%
Put IV 25d5.9%5.2%6.6%5.9%5.3%
Bid-Ask Spread %28.799.6245.3318.119.62
Gamma HHI0.210.170.320.170.22
Net GEX101.3M-26.4M207.0M83.6M16.8M
Net DEX-492.2M-784.8M-153.4M-386.4M-153.4M
Net VEX-4.3M-5.0M-3.6M-4.5M-4.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.800.2010.6510.651.32
Total Volume17,529.3482,30099,2747,80319,569
Total OI465,234.087419,239528,301446,660466,944

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-10-01$96.48$96.005.7%1.6%4.0%0.0%5.7%-0.1%0.6%83.6M-386.4M-4.5M10.6518.116707,133215,930230,730
2025-10-02$96.63$96.005.5%1.5%3.8%0.0%5.3%-0.1%0.5%143.9M-517.5M-4.2M2.2912.288,74420,021216,247235,589
2025-10-03$96.41$96.005.5%1.4%3.3%0.0%4.9%-0.1%0.5%115.6M-398.4M-4.4M1.3445.336,7819,095223,174239,949
2025-10-06$96.13$96.005.8%1.7%3.3%5.4%5.8%0.1%-0.1%64.9M-284.9M-4.6M2.1428.9214,51231,123222,612231,899
2025-10-07$96.38$96.005.8%1.7%3.4%6.2%6.0%0.1%0.0%27.3M-278.6M-4.6M2.6530.332,0965,551215,590262,036
2025-10-08$96.37$96.006.0%1.7%3.2%10.1%6.2%0.1%0.0%11.6M-286.3M-5.0M1.2128.658,90210,779219,539270,237
2025-10-09$96.30$96.006.2%1.7%3.1%12.1%6.1%0.1%-0.0%-26.4M-208.1M-4.9M2.4337.571,1992,908225,135278,704
2025-10-10$96.94$96.006.4%1.8%3.9%16.6%6.4%-0.2%-0.1%207.0M-512.7M-4.9M0.4028.739,3583,705225,794277,746
2025-10-13$96.97$96.006.5%1.8%3.9%17.7%6.5%-0.3%-0.1%117.4M-545.8M-5.0M0.2717.442,604692226,553278,184
2025-10-14$97.22$96.006.4%1.8%4.0%16.0%6.4%-0.4%-0.1%131.4M-674.5M-4.5M2.0926.023,5477,398226,966278,552
2025-10-15$97.07$96.006.1%1.7%3.9%11.4%6.1%-0.2%-0.0%118.8M-598.6M-4.5M0.7730.342,5291,943227,171284,848
2025-10-16$97.56$97.006.7%1.9%4.1%21.3%6.6%-0.8%0.1%163.8M-784.8M-4.4M1.1230.718,93010,028228,345286,156
2025-10-17$97.34$97.006.0%1.7%4.2%10.2%6.3%-0.6%-0.2%110.3M-679.3M-4.3M0.4940.6118,8169,203232,705295,596
2025-10-20$97.50$97.006.0%1.7%4.2%9.0%6.3%-0.7%0.0%126.0M-654.4M-4.3M1.2731.931,1331,437221,111200,727
2025-10-21$97.69$97.006.1%1.7%4.1%10.5%6.1%-0.9%-0.0%135.6M-740.0M-4.3M0.2012.8082,46716,807224,088203,984
2025-10-22$97.72$97.006.0%1.7%4.0%9.6%6.1%-0.8%0.0%143.0M-708.3M-4.0M1.0334.071,1341,166224,312194,927
2025-10-23$97.41$97.006.0%1.7%4.1%9.8%6.4%-0.6%-0.1%134.5M-649.0M-4.3M0.4329.702,255971246,398198,175
2025-10-24$97.47$97.005.5%1.6%4.1%1.3%5.9%-0.6%0.2%128.1M-577.2M-3.8M0.2426.405,2101,267226,445198,462
2025-10-27$97.45$97.005.4%1.5%4.0%0.0%5.4%-0.8%0.2%142.7M-590.2M-3.6M6.3117.421,89111,928226,032196,774
2025-10-28$97.57$97.005.4%1.5%4.0%0.1%5.8%-0.8%0.1%130.4M-619.1M-3.7M0.3740.432,592970227,037208,208
2025-10-29$96.93$97.005.5%1.6%4.7%2.0%5.5%-0.5%0.1%57.7M-276.2M-3.8M0.3542.4011,4524,031229,245208,776
2025-10-30$96.82$97.005.6%1.6%4.7%2.9%5.7%-0.4%0.2%45.9M-197.1M-3.8M2.0942.369,25319,375231,560211,192
2025-10-31$96.82$97.005.6%1.5%4.6%2.2%5.4%-0.4%0.2%16.8M-153.4M-4.2M1.329.628,43011,139238,198228,746