IEF Options History — March 2026

In March 2026, IEF traded between $94.59 and $97.10. ATM implied volatility averaged 7.1%, placing in the 40.3% IV rank vs the trailing year. The 30-day expected move averaged 2.0%. IV traded above realized volatility by 1.2% (HV 20d: 5.9%). Max pain ranged from $95.00 to $97.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 3.90.

Notable Days

  • 2026-03-20: Highest Volume — 422,487 contracts
  • 2026-03-20: Largest IV spike — 30.7% change
  • 2026-03-26: Highest IV Rank — 77.7%
  • 2026-03-26: Largest Expected Move — 2.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.85$94.59$97.10$97.10$95.60
Max Pain$96.55$95.00$97.00$97.00$95.00
ATM IV7.1%5.4%9.7%5.6%7.3%
Expected Move2.0%1.5%2.8%1.6%2.1%
HV 20d5.9%5.2%6.8%5.9%6.7%
HV 60d4.7%4.4%5.5%4.4%5.5%
IV Rank40.3%16.5%77.7%19.5%43.3%
IV Percentile63.6%20.2%96.4%27.4%73.4%
Term Structure-0.1%-0.4%0.2%-0.1%-0.2%
VWIV7.4%5.5%10.8%5.5%8.3%
Skew 25d0.7%-0.9%2.1%-0.7%0.8%
Skew 10d1.1%-2.1%4.1%-1.5%1.1%
Call IV 25d7.2%6.0%9.1%6.4%7.4%
Put IV 25d7.9%5.4%11.1%5.7%8.2%
Bid-Ask Spread %5.273.6012.694.283.76
Gamma HHI0.280.160.800.170.16
Net GEX-424.0M-1.93B-4.9M-4.9M-139.0M
Net DEX830.8M-224.9M2.78B-224.9M232.8M
Net VEX-7.6M-9.1M-6.5M-6.9M-8.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.900.0423.461.1911.49
Total Volume60,022.8643,028422,48719,84567,029
Total OI798,912.318680,994867,007811,554832,509

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$97.10$97.005.6%1.6%5.9%19.5%5.5%-0.7%-0.1%-4.9M-224.9M-6.9M1.194.289,08010,765246,571564,983
2026-03-03$97.03$97.005.8%1.6%5.5%22.5%6.3%-0.9%-0.0%-82.7M-81.7M-7.0M2.113.9711,24123,686240,875571,820
2026-03-04$96.82$97.005.4%1.5%5.6%16.5%5.5%-0.6%-0.0%-111.1M64.4M-7.1M0.865.431,7031,469248,717575,868
2026-03-05$96.53$97.005.7%1.6%5.7%20.1%5.7%-0.4%0.1%-247.0M369.8M-7.4M4.254.062,3179,841249,285576,707
2026-03-06$96.50$97.006.5%1.8%5.4%32.1%7.3%-0.3%-0.0%-253.4M457.6M-7.5M6.365.051,94912,394250,693572,423
2026-03-09$96.78$97.006.4%1.8%5.5%30.7%6.5%-0.3%-0.1%-140.8M173.2M-7.2M0.184.9013,0852,337251,635561,877
2026-03-10$96.44$97.006.2%1.7%5.6%28.2%6.6%0.1%-0.1%-241.1M432.8M-6.9M0.525.054,3982,278244,881554,222
2026-03-11$96.06$97.006.5%1.8%5.6%32.1%6.5%0.4%-0.2%-478.1M893.9M-7.2M2.188.672,8856,277247,998555,167
2026-03-12$95.70$97.007.6%2.5%5.7%48.6%7.6%1.5%-0.4%-587.9M1.30B-7.7M8.945.822,03218,164249,451557,452
2026-03-13$95.62$97.007.1%1.9%5.2%41.4%7.2%1.5%-0.2%-681.3M1.41B-7.5M3.845.657,17327,575249,857557,229
2026-03-16$96.02$97.006.4%1.8%5.2%31.0%6.9%0.5%-0.0%-525.7M850.7M-6.6M1.375.397,2149,870245,556556,129
2026-03-17$96.19$97.006.3%1.8%5.3%29.2%6.1%0.5%0.0%-452.1M737.3M-6.5M8.293.602,95224,483249,696561,799
2026-03-18$95.75$97.006.5%1.9%5.5%32.1%6.8%1.0%0.2%-825.8M1.25B-7.0M0.544.497,9044,260251,745583,797
2026-03-19$95.78$97.006.6%1.9%5.4%33.3%6.6%1.0%0.1%-812.8M1.18B-6.8M0.325.8430,3059,616256,866581,746
2026-03-20$94.91$97.008.6%2.5%6.2%62.3%9.2%2.1%-0.3%-1.93B2.78B-7.0M5.924.6161,018361,469283,470583,537
2026-03-23$95.25$96.007.8%2.2%6.2%50.1%7.8%1.4%0.1%-325.4M1.03B-8.3M1.204.4520,93925,148239,203441,791
2026-03-24$94.88$96.008.0%2.3%6.2%53.0%8.3%1.4%0.1%-334.2M1.23B-8.4M0.474.6544,72220,887258,360444,099
2026-03-25$95.31$96.007.7%2.2%6.6%49.4%8.3%1.5%0.1%-251.4M787.0M-9.1M0.594.331,8991,129300,191446,174
2026-03-26$94.63$96.009.7%2.8%6.8%77.7%10.2%2.0%-0.3%-286.5M1.28B-8.9M1.614.7932,58752,460301,045446,805
2026-03-27$94.59$95.009.3%2.7%6.4%72.4%10.8%1.7%-0.2%-338.8M1.34B-9.1M23.4612.6913,543317,777309,384467,689
2026-03-30$95.27$95.008.6%2.5%6.5%62.0%9.2%1.3%-0.3%-281.9M792.2M-9.1M0.044.5531,3301,313283,426523,343
2026-03-31$95.60$95.007.3%2.1%6.7%43.3%8.3%0.8%-0.2%-139.0M232.8M-8.0M11.493.765,36561,664308,394524,115