IEF Options History — April 2026

In April 2026, IEF traded between $95.05 and $95.91. ATM implied volatility averaged 6.1%, placing in the 27.5% IV rank vs the trailing year. The 30-day expected move averaged 1.7%. IV traded below realized volatility by 0.6% (HV 20d: 6.7%). Max pain ranged from $95.00 to $96.00. Net GEX was positive for 2 of 14 trading days. Term structure was in contango for 5 of 14 days. Put/call ratio averaged 4.13.

Notable Days

  • 2026-04-01: Highest Volume — 260,528 contracts
  • 2026-04-21: Largest IV spike — 11.1% change
  • 2026-04-01: Highest IV Rank — 43.6%
  • 2026-04-01: Largest Expected Move — 2.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.45$95.05$95.91$95.05$95.47
Max Pain$95.93$95.00$96.00$95.00$96.00
ATM IV6.1%5.2%7.3%7.3%5.8%
Expected Move1.7%1.5%2.1%2.1%1.7%
HV 20d6.7%5.8%7.0%7.0%5.9%
HV 60d5.6%5.5%5.6%5.6%5.6%
IV Rank27.5%15.4%43.6%43.6%27.6%
IV Percentile41.3%15.9%74.2%74.2%33.7%
Term Structure-0.1%-0.3%0.3%-0.2%-0.1%
VWIV6.3%5.3%8.9%8.9%6.1%
Skew 25d0.6%0.2%1.2%1.2%0.7%
Skew 10d1.0%0.1%2.4%2.3%1.2%
Call IV 25d6.0%5.1%7.1%7.1%5.7%
Put IV 25d6.6%5.4%8.3%8.3%6.4%
Bid-Ask Spread %4.962.3210.5710.578.77
Gamma HHI0.240.170.350.170.25
Net GEX-139.6M-270.4M349.7M-243.3M-236.5M
Net DEX436.1M-40.9M828.6M728.4M546.5M
Net VEX-7.4M-9.6M-5.7M-9.0M-6.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.130.0440.6640.663.99
Total Volume35,103.4292,715260,528260,52811,447
Total OI765,702.643563,988859,905859,905565,703

Daily Data (14 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-04-01$95.05$95.007.3%2.1%7.0%43.6%8.9%1.2%-0.2%-243.3M728.4M-9.0M40.6610.576,254254,274311,076548,829
2026-04-02$95.23$96.007.1%2.0%7.0%41.5%7.4%0.9%-0.3%-220.2M708.9M-9.6M4.786.336,76732,321312,021529,014
2026-04-06$95.06$96.006.9%2.0%7.0%37.9%7.1%1.2%-0.1%-270.4M828.6M-8.7M0.044.1416,562718306,080502,789
2026-04-07$95.28$96.006.9%2.0%6.9%38.3%7.1%0.8%0.2%-183.3M571.2M-8.6M1.927.012,3404,496307,148501,320
2026-04-08$95.44$96.006.3%1.8%6.9%29.2%6.5%0.8%0.1%-150.9M409.7M-8.0M1.794.6715,78028,226308,202501,661
2026-04-09$95.45$96.006.0%1.7%6.8%25.2%6.1%0.7%0.1%-141.4M396.7M-7.5M0.922.845,0774,675298,513480,642
2026-04-10$95.30$96.006.0%1.7%6.7%24.9%6.2%0.9%0.3%-202.0M570.2M-7.5M0.522.8712,6016,587302,861481,534
2026-04-13$95.45$96.006.1%1.7%6.7%27.1%6.2%0.4%-0.2%-182.4M413.0M-7.2M1.212.322,4832,996298,364482,945
2026-04-14$95.78$96.005.5%1.6%6.7%18.3%5.4%0.3%-0.1%16.7M129.7M-6.8M0.053.5128,3391,381299,485483,950
2026-04-15$95.59$96.005.3%1.5%6.7%15.4%5.6%0.4%0.0%-105.8M236.6M-6.6M0.382.714,0741,556292,709484,309
2026-04-16$95.43$96.005.5%1.6%6.5%20.5%5.3%0.5%-0.3%-222.0M415.4M-6.6M0.666.131,6401,075294,741484,728
2026-04-17$95.91$96.005.3%1.5%6.7%18.8%5.3%0.2%-0.2%349.7M-40.9M-6.2M0.082.9033,5862,764295,108482,117
2026-04-20$95.87$96.005.2%1.5%5.8%17.1%5.4%0.2%0.1%-162.6M190.9M-5.7M0.804.701,9011,528197,639366,349
2026-04-21$95.47$96.005.8%1.7%5.9%27.6%6.1%0.7%-0.1%-236.5M546.5M-6.2M3.998.772,2969,151198,627367,076