IGV Options History — April 2025

In April 2025, IGV traded between $79.18 and $96.03. ATM implied volatility averaged 38.3%, placing in the 56.3% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 18.7% (HV 20d: 57.0%). Max pain ranged from $92.00 to $98.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.59.

Notable Days

  • 2025-04-10: Highest Volume — 28,258 contracts
  • 2025-04-09: Largest IV drop — 44.6% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.38$79.18$96.03$90.18$95.59
Max Pain$93.81$92.00$98.00$98.00$92.00
ATM IV38.3%29.0%60.5%29.7%31.4%
Expected Move11.0%7.9%16.6%8.2%9.6%
HV 20d57.0%40.8%65.6%40.8%64.1%
HV 60d40.6%30.3%45.3%30.3%45.3%
IV Rank56.3%33.0%100.0%51.5%35.8%
IV Percentile95.6%87.7%100.0%93.7%90.1%
Term Structure-0.9%-6.7%3.1%-0.6%-0.0%
VWIV37.5%26.5%55.0%28.9%37.2%
Skew 25d10.0%-2.5%32.2%6.1%6.7%
Skew 10d15.2%-3.1%39.1%8.0%1.3%
Call IV 25d33.1%25.8%53.8%26.9%28.7%
Put IV 25d43.1%26.2%69.1%33.0%35.4%
Bid-Ask Spread %49.7538.1959.4852.0049.19
Gamma HHI0.080.050.160.060.10
Net GEX3.8M-5.2M15.3M1.8M13.8M
Net DEX-5.9M-260.3M136.0M71.0M-236.7M
Net VEX-1.2M-1.6M-808.7K-977.8K-1.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.590.064.022.574.02
Total Volume9,238.8572,85428,2586,8248,007
Total OI162,762.095129,931201,424149,983157,703

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$90.18$98.0029.7%8.2%40.8%51.5%28.9%6.1%-0.6%1.8M71.0M-977.8K2.5752.001,9144,910110,70239,281
2025-04-02$91.60$98.0029.0%7.9%41.1%49.2%26.5%3.9%0.8%5.1M29.3M-1.0M0.4452.081,978876112,38236,679
2025-04-03$86.81$98.0036.0%10.2%42.8%73.9%31.0%7.5%-1.9%-277.7K110.9M-895.1K2.5451.053,2518,267113,59437,135
2025-04-04$82.33$96.0046.8%12.9%46.2%100.0%42.6%15.0%-1.8%-571.8K135.6M-813.9K1.0351.057,2467,460114,68735,616
2025-04-07$80.84$95.0053.5%14.7%42.8%100.0%55.0%13.9%-1.8%-373.7K136.0M-808.7K1.4353.027,49010,712114,87737,207
2025-04-08$79.18$95.0060.5%16.6%42.3%100.0%53.7%15.3%-2.2%327.7K133.8M-886.5K0.5053.435,5792,775121,38740,945
2025-04-09$89.50$95.0033.5%10.1%62.0%40.4%34.4%10.5%2.7%5.3M-10.0M-1.2M0.9352.273,8143,564125,23641,679
2025-04-10$85.56$93.0048.2%13.7%62.6%72.9%45.1%32.2%3.1%2.9M53.0M-1.1M3.7659.485,93322,325127,06743,069
2025-04-11$87.09$93.0042.7%11.9%61.3%60.8%38.8%14.6%-1.6%-2.1M65.0M-1.3M0.6149.913,0061,830132,35863,966
2025-04-14$88.45$93.0036.3%10.4%61.0%46.7%38.6%9.4%-0.7%-541.7K28.0M-1.2M2.7354.582,5807,051131,56164,922
2025-04-15$88.92$93.0034.9%10.0%60.7%43.5%33.3%9.3%-6.7%1.0M17.1M-1.3M1.4855.941,2711,879131,90367,799
2025-04-16$86.35$93.0040.0%11.5%60.9%54.7%40.0%9.9%-0.7%-5.2M83.7M-1.2M3.7355.471,5775,889132,80567,442
2025-04-17$86.72$93.0036.9%10.6%60.9%47.8%32.1%8.3%-1.3%85.3K63.2M-1.2M0.9452.464,6994,411133,74167,683
2025-04-21$83.56$93.0041.4%12.2%62.1%57.8%41.1%7.6%-1.7%-537.6K74.8M-1.1M0.1841.163,27360286,49943,432
2025-04-22$86.12$92.0038.1%11.3%62.3%50.6%38.5%14.7%-1.2%1.1M25.6M-1.2M2.9440.651,1553,39488,69843,678
2025-04-23$88.74$92.0037.8%10.7%63.4%50.0%36.7%7.4%-2.3%4.1M-36.4M-1.3M0.0648.0815,12492889,50446,330
2025-04-24$93.14$92.0033.8%10.0%65.6%41.1%36.4%6.9%-0.3%12.5M-178.7M-1.5M1.4238.196,3599,036100,82846,854
2025-04-25$94.44$92.0031.1%9.4%65.6%35.1%34.7%6.6%0.1%13.0M-212.3M-1.6M0.8944.422,9672,639103,33152,869
2025-04-28$94.89$92.0032.6%9.7%64.1%38.4%32.6%-2.5%-1.9%13.4M-215.6M-1.6M0.9643.241,6351,570102,95652,326
2025-04-29$96.03$92.0030.1%9.0%64.1%33.0%30.2%7.6%0.1%15.3M-260.3M-1.6M0.1747.174,322718103,71453,559
2025-04-30$95.59$92.0031.4%9.6%64.1%35.8%37.2%6.7%-0.0%13.8M-236.7M-1.6M4.0249.191,5946,413103,69354,010