IGF Options History — February 2025

In February 2025, IGF traded between $52.89 and $54.41. ATM implied volatility averaged 21.7%, placing in the 31.7% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 9.2% (HV 20d: 12.5%). Max pain ranged from $54.00 to $54.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 1.50.

Notable Days

2025-02-10: Highest Volume — 24 contracts
2025-02-28: Largest IV spike — 133.6% change
2025-02-28: Highest IV Rank — 89.6%
2025-02-28: Largest Expected Move — 13.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.76	$52.89	$54.41	$53.36	$53.28
Max Pain	$54.00	$54.00	$54.00	$54.00	$54.00
ATM IV	21.7%	16.1%	47.3%	25.1%	47.3%
Expected Move	5.8%	4.1%	13.6%	7.2%	13.6%
HV 20d	12.5%	9.6%	14.6%	14.4%	10.3%
HV 60d	13.6%	13.3%	13.9%	13.9%	13.7%
IV Rank	31.7%	19.0%	89.6%	39.4%	89.6%
IV Percentile	41.6%	5.2%	98.0%	73.0%	98.0%
Term Structure	-4.1%	-16.1%	5.9%	-11.5%	-16.1%
VWIV	14.4%	12.4%	16.5%	12.4%	16.5%
Skew 25d	-0.4%	-11.7%	3.3%	1.7%	0.0%
Skew 10d	5.6%	-7.8%	15.0%	-6.1%	0.0%
Call IV 25d	22.3%	16.6%	64.7%	24.0%	64.7%
Put IV 25d	22.0%	13.0%	64.7%	25.7%	64.7%
Bid-Ask Spread %	171.56	160.80	195.25	167.86	195.25
Gamma HHI	0.51	0.29	0.71	0.71	0.53
Net GEX	1.7K	-3.1K	5.4K	4.0K	456
Net DEX	-19.2K	-32.1K	-3.5K	-22.2K	-8.3K
Net VEX	-73	-159	-42	-51	-51
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.50	0.00	3.00	3.00	0.00
Total Volume	2.053	0	24	0	0
Total OI	19.158	10	34	12	10

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-02-03	$53.36	$54.00	25.1%	7.2%	14.4%	39.4%	0.0%	1.7%	-11.5%	4.0K	-22.2K	-51	0.00	167.86	0	0	12	0
2025-02-04	$53.41	$54.00	25.0%	7.2%	14.3%	39.2%	0.0%	1.1%	-7.1%	4.0K	-22.6K	-52	0.00	170.95	0	0	12	0
2025-02-05	$53.84	$54.00	16.1%	4.6%	14.5%	19.0%	0.0%	-11.7%	5.9%	4.8K	-24.9K	-51	0.00	171.97	0	0	12	0
2025-02-06	$53.59	$0.00	16.9%	4.6%	14.6%	20.8%	0.0%	1.4%	-1.2%	4.4K	-23.2K	-49	0.00	178.56	0	0	12	0
2025-02-07	$53.42	$0.00	26.9%	5.6%	14.5%	43.5%	0.0%	1.4%	-3.2%	4.3K	-21.7K	-45	0.00	180.16	0	0	12	0
2025-02-10	$53.94	$0.00	25.0%	4.2%	14.2%	39.2%	12.4%	0.9%	-2.0%	5.4K	-24.5K	-42	3.00	171.32	6	18	12	0
2025-02-11	$54.00	$54.00	24.5%	4.1%	14.1%	38.1%	0.0%	1.3%	-1.9%	-3.1K	-11.9K	-159	0.00	170.91	0	0	16	18
2025-02-12	$54.00	$54.00	16.9%	4.9%	13.3%	20.9%	16.5%	1.1%	-2.4%	-531	-11.2K	-154	0.00	178.84	0	10	16	18
2025-02-13	$54.39	$54.00	19.6%	5.6%	12.6%	27.0%	0.0%	3.3%	-7.8%	1.4K	-30.2K	-113	0.00	180.69	5	0	16	13
2025-02-14	$54.16	$54.00	17.3%	5.0%	12.6%	21.9%	0.0%	0.4%	-1.8%	1.2K	-26.3K	-110	0.00	180.65	0	0	16	13
2025-02-18	$54.41	$54.00	18.3%	5.3%	12.4%	24.1%	0.0%	-1.6%	-4.5%	2.1K	-32.1K	-85	0.00	168.43	0	0	16	13
2025-02-19	$54.28	$54.00	18.3%	5.2%	11.7%	24.0%	0.0%	1.5%	-2.9%	2.5K	-29.9K	-78	0.00	165.27	0	0	16	13
2025-02-20	$54.36	$54.00	18.6%	5.3%	10.9%	24.7%	0.0%	-1.9%	-3.8%	2.8K	-31.8K	-68	0.00	162.58	0	0	16	13
2025-02-21	$53.66	$54.00	18.5%	5.3%	11.7%	24.4%	0.0%	0.7%	-2.7%	1.3K	-16.9K	-56	0.00	161.97	0	0	16	13
2025-02-24	$53.59	$54.00	18.4%	5.3%	11.6%	24.3%	0.0%	0.6%	-3.5%	-842	-8.0K	-55	0.00	165.65	0	0	5	5
2025-02-25	$53.34	$54.00	19.9%	5.7%	9.6%	27.7%	0.0%	1.1%	-3.7%	-725	-7.2K	-52	0.00	160.80	0	0	5	5
2025-02-26	$53.52	$54.00	19.2%	5.5%	9.6%	26.1%	0.0%	-0.4%	-3.6%	-921	-7.7K	-53	0.00	164.59	0	0	5	5
2025-02-27	$52.89	$54.00	20.2%	5.8%	10.5%	28.4%	0.0%	-7.6%	-3.9%	-595	-3.5K	-56	0.00	163.20	0	0	5	5
2025-02-28	$53.28	$54.00	47.3%	13.6%	10.3%	89.6%	0.0%	0.0%	-16.1%	456	-8.3K	-51	0.00	195.25	0	0	5	5