IGV Options History — February 2025

In February 2025, IGV traded between $96.47 and $107.47. ATM implied volatility averaged 23.8%, placing in the 30.5% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 1.5% (HV 20d: 22.3%). Max pain ranged from $100.00 to $105.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.50.

Notable Days

  • 2025-02-25: Highest Volume — 50,843 contracts
  • 2025-02-04: Largest IV drop — 17.1% change
  • 2025-02-27: Highest IV Rank — 49.4%
  • 2025-02-27: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$103.03$96.47$107.47$102.56$96.52
Max Pain$102.92$100.00$105.00$100.50$100.00
ATM IV23.8%21.3%29.1%26.4%27.1%
Expected Move7.0%6.1%8.9%8.0%8.5%
HV 20d22.3%20.3%24.7%24.7%22.6%
HV 60d24.8%23.8%26.2%26.2%25.6%
IV Rank30.5%21.8%49.4%39.9%42.4%
IV Percentile73.7%48.0%98.0%94.0%94.8%
Term Structure0.2%-6.4%5.9%-1.5%-2.3%
VWIV23.7%20.8%31.2%27.3%31.2%
Skew 25d4.7%3.1%11.9%3.2%5.3%
Skew 10d9.5%3.1%16.8%15.6%6.2%
Call IV 25d21.9%15.9%29.8%29.8%25.6%
Put IV 25d26.6%22.8%33.0%33.0%31.0%
Bid-Ask Spread %56.2346.2263.7159.3251.43
Gamma HHI0.110.070.170.080.11
Net GEX36.6M-3.1M67.3M22.2M10.2M
Net DEX-206.3M-396.4M35.8M-189.1M24.2M
Net VEX-1.4M-1.6M-947.5K-1.5M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.072.070.860.62
Total Volume13,027.8952,89150,84311,1434,451
Total OI156,142.737121,229174,544147,041170,497

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-02-03$102.56$100.5026.4%8.0%24.7%39.9%27.3%3.2%-1.5%22.2M-189.1M-1.5M0.8659.325,9875,156115,00232,039
2025-02-04$104.31$100.0021.9%7.1%24.7%23.9%24.4%4.2%2.1%35.1M-290.1M-1.6M0.4958.277,5893,686118,54831,120
2025-02-05$104.63$100.0023.3%6.8%24.7%28.8%22.5%3.8%-0.0%41.6M-316.0M-1.6M0.0862.637,621640124,11233,734
2025-02-06$105.00$103.0022.3%6.4%22.4%25.3%21.9%3.5%1.1%51.9M-340.6M-1.6M0.4253.025,8872,447128,91934,153
2025-02-07$104.76$103.0021.3%6.5%22.4%21.8%22.0%3.5%3.0%60.8M-326.1M-1.6M0.0952.3922,1032,048130,10932,347
2025-02-10$106.38$103.0022.0%6.5%21.1%24.1%21.7%4.2%0.4%63.1M-396.4M-1.6M0.4055.443,7741,516132,41925,833
2025-02-11$105.30$104.0022.7%6.5%20.9%26.7%21.3%4.3%-1.2%52.5M-307.9M-1.5M0.2860.916,7861,881131,70226,408
2025-02-12$104.88$104.0022.7%6.4%21.0%26.5%23.4%4.9%5.5%44.9M-267.5M-1.4M0.3856.705,9862,264129,13327,546
2025-02-13$106.50$104.0021.5%6.3%20.3%22.4%23.1%3.5%1.1%63.4M-352.0M-1.5M0.7763.003,6482,796126,00527,670
2025-02-14$106.80$105.0022.1%6.1%20.3%24.6%21.5%3.1%-6.2%61.6M-345.7M-1.4M0.3659.676,4082,331126,76330,046
2025-02-18$107.47$105.0022.1%6.3%20.3%24.4%22.2%3.6%-6.4%67.3M-394.0M-1.4M0.0759.648,071604125,68029,375
2025-02-19$105.63$105.0021.3%6.1%21.0%21.8%20.8%3.4%0.3%50.2M-267.9M-1.3M0.8363.711,5831,308131,00529,563
2025-02-20$103.93$105.0022.1%6.3%20.5%24.3%21.0%3.7%1.7%29.2M-157.2M-1.2M0.4654.7115,4097,138130,84330,357
2025-02-21$100.37$105.0024.8%7.0%24.0%34.0%22.2%5.5%-1.5%-3.1M-3.4M-1.1M0.2952.3312,6673,626138,87935,665
2025-02-24$99.47$105.0025.8%7.4%24.1%37.6%25.5%11.9%5.9%5.3M10.3M-1.0M0.3346.228,5902,83993,68327,546
2025-02-25$97.65$104.0027.6%8.3%24.1%44.1%26.6%7.0%0.2%4.3M35.8M-947.5K0.6351.1931,25619,58799,89727,601
2025-02-26$99.03$100.0025.7%8.4%21.5%37.4%26.9%4.0%2.3%22.8M-59.7M-1.4M2.0749.735,72311,863128,59940,988
2025-02-27$96.47$100.0029.1%8.9%22.7%49.4%24.2%5.8%0.2%12.1M23.2M-1.1M0.1158.1211,0701,191129,14333,783
2025-02-28$96.52$100.0027.1%8.5%22.6%42.4%31.2%5.3%-2.3%10.2M24.2M-1.1M0.6251.432,7421,709137,26733,230