IGV Options History — May 2025

In May 2025, IGV traded between $97.90 and $105.03. ATM implied volatility averaged 25.2%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 9.5% (HV 20d: 34.7%). Max pain ranged from $93.00 to $100.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 2.12.

Notable Days

  • 2025-05-21: Highest Volume — 22,398 contracts
  • 2025-05-12: Largest IV drop — 13.0% change
  • 2025-05-01: Highest IV Rank — 31.2%
  • 2025-05-01: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$102.17$97.90$105.03$97.90$103.23
Max Pain$97.90$93.00$100.00$93.00$100.00
ATM IV25.2%22.5%29.3%29.3%23.1%
Expected Move7.3%6.3%8.7%8.7%7.0%
HV 20d34.7%20.8%64.3%64.3%20.8%
HV 60d45.6%45.1%46.3%45.5%45.1%
IV Rank22.1%16.1%31.2%31.2%17.4%
IV Percentile70.5%55.2%85.3%85.3%59.1%
Term Structure0.2%-1.6%3.4%0.1%0.2%
VWIV26.5%22.9%32.9%30.6%25.5%
Skew 25d3.1%-10.7%15.2%3.8%7.3%
Skew 10d6.2%-8.1%19.4%8.3%1.9%
Call IV 25d22.4%13.7%30.0%27.1%13.9%
Put IV 25d25.5%15.2%33.8%30.9%21.2%
Bid-Ask Spread %55.5438.1576.8440.9470.19
Gamma HHI0.120.100.160.110.11
Net GEX12.9M-1.6M21.0M16.8M5.6M
Net DEX-362.7M-553.1M-217.9M-319.8M-274.6M
Net VEX-1.6M-1.8M-1.5M-1.6M-1.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.120.1311.910.910.65
Total Volume7,673.5711,05022,39816,4543,101
Total OI173,683.286146,345194,344160,992183,832

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$97.90$93.0029.3%8.7%64.3%31.2%30.6%3.8%0.1%16.8M-319.8M-1.6M0.9140.948,6297,825103,60457,388
2025-05-02$99.38$93.0027.6%8.2%60.8%27.5%30.4%2.6%-0.0%18.7M-366.0M-1.7M4.0361.132,3829,608105,74762,308
2025-05-05$99.76$95.0027.7%8.0%56.6%27.6%27.2%3.9%0.7%18.5M-373.2M-1.6M1.8640.203,1185,811105,30559,704
2025-05-06$98.31$95.0026.8%8.3%56.4%25.5%32.9%15.2%3.4%13.9M-281.8M-1.7M4.3938.151,4596,404105,16365,659
2025-05-07$98.98$95.0028.5%8.2%55.2%29.4%30.5%2.1%1.5%12.9M-298.4M-1.7M2.2366.251,0342,307105,35772,951
2025-05-08$100.78$95.0027.9%7.9%36.6%28.1%29.1%-10.7%0.9%15.6M-386.5M-1.7M0.5344.814,3322,285105,84573,967
2025-05-09$99.54$95.0026.9%7.7%32.1%25.7%27.0%0.2%0.6%15.3M-331.3M-1.7M1.9245.761,5522,979107,98675,446
2025-05-12$102.46$95.0023.4%6.6%32.8%18.0%24.9%-3.5%-0.4%19.8M-455.2M-1.5M3.1750.542,5157,968106,84075,193
2025-05-13$105.02$100.0022.9%6.3%33.2%16.9%23.0%3.9%-0.9%20.8M-553.1M-1.5M0.2951.994,9381,421107,64179,573
2025-05-14$104.59$100.0022.8%6.5%33.5%16.8%23.6%2.8%-0.4%19.8M-536.2M-1.6M0.1352.424,348571108,56680,212
2025-05-15$104.34$100.0023.3%6.6%30.8%17.9%24.8%2.7%-0.7%19.8M-543.0M-1.6M1.2057.784,1655,003110,76680,393
2025-05-16$105.03$100.0022.5%6.5%30.8%16.1%23.7%2.3%0.4%21.0M-549.5M-1.6M0.4151.183,2531,332109,70684,638
2025-05-19$104.85$100.0023.6%6.8%25.8%18.6%22.9%3.6%0.0%16.0M-401.3M-1.6M3.9556.475782,28585,71860,627
2025-05-20$104.56$100.0023.2%6.6%25.2%17.7%25.4%4.0%0.5%14.9M-377.6M-1.6M0.9953.4352852285,89962,458
2025-05-21$102.45$100.0025.9%7.4%26.2%23.5%26.0%6.0%-0.9%12.1M-292.5M-1.6M11.9162.501,73520,66386,08462,876
2025-05-22$103.10$100.0025.2%7.3%21.2%22.1%29.6%5.4%-0.1%-1.6M-259.2M-1.7M3.8854.361,4035,44086,30783,077
2025-05-23$102.22$100.0027.3%7.8%21.5%26.6%27.4%5.3%0.2%-1.4M-218.7M-1.8M0.7253.902,5871,86986,33381,792
2025-05-27$103.65$100.0024.0%6.9%21.7%19.4%23.4%14.3%0.5%3.9M-297.1M-1.6M0.7863.069,4317,34684,36181,778
2025-05-28$103.10$100.0023.4%7.0%21.8%18.1%24.2%0.6%-1.6%6.5M-283.3M-1.7M0.3376.844,3621,43293,07089,160
2025-05-29$102.25$100.0024.3%6.8%22.0%20.2%24.9%-7.2%-0.2%2.1M-217.9M-1.7M0.2874.382,04957593,23990,780
2025-05-30$103.23$100.0023.1%7.0%20.8%17.4%25.5%7.3%0.2%5.6M-274.6M-1.6M0.6570.191,8841,21792,85590,977