IGV Options History — July 2025

In July 2025, IGV traded between $107.49 and $112.88. ATM implied volatility averaged 21.3%, placing in the 13.3% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 4.5% (HV 20d: 16.8%). Max pain ranged from $95.00 to $106.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 2.02.

Notable Days

  • 2025-07-10: Highest Volume — 24,536 contracts
  • 2025-07-11: Largest IV spike — 15.2% change
  • 2025-07-11: Highest IV Rank — 18.9%
  • 2025-07-14: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$110.76$107.49$112.88$108.27$111.95
Max Pain$99.14$95.00$106.00$105.00$99.00
ATM IV21.3%19.6%23.8%21.1%21.6%
Expected Move6.0%5.2%6.6%5.8%6.3%
HV 20d16.8%13.8%18.9%14.1%15.5%
HV 60d23.0%16.6%37.4%37.4%16.6%
IV Rank13.3%9.6%18.9%13.0%14.2%
IV Percentile31.2%13.9%63.1%29.0%37.7%
Term Structure-0.2%-5.1%4.2%-0.0%-0.7%
VWIV22.0%19.1%26.1%21.2%21.7%
Skew 25d2.5%-7.5%10.3%1.1%4.3%
Skew 10d6.8%-3.5%19.0%4.4%4.2%
Call IV 25d18.8%11.9%21.6%19.9%20.4%
Put IV 25d21.2%12.8%25.5%21.0%24.7%
Bid-Ask Spread %66.6156.7881.4673.5074.33
Gamma HHI0.100.080.170.090.09
Net GEX3.3M-5.0M16.8M3.9M-4.0M
Net DEX-339.6M-402.2M-213.6M-311.0M-350.3M
Net VEX-948.9K-1.1M-809.7K-991.5K-901.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.020.086.711.360.08
Total Volume4,72882124,5361,7981,723
Total OI118,321102,939136,829102,939120,238

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$108.27$105.0021.1%5.8%14.1%13.0%21.2%1.1%-0.0%3.9M-311.0M-991.5K1.3673.507611,03756,13346,806
2025-07-02$108.53$106.0022.6%5.2%13.8%16.3%19.1%1.7%-5.1%4.5M-322.5M-971.5K0.2181.462,04242656,15247,391
2025-07-03$111.31$95.0019.7%5.9%16.1%9.9%20.2%-2.3%-5.0%8.4M-401.1M-855.6K0.5161.022,9241,49256,33047,423
2025-07-07$110.59$95.0021.6%6.2%16.5%14.1%23.8%-7.0%0.1%8.0M-367.7M-886.4K2.4256.815181,25155,94947,103
2025-07-08$110.92$95.0021.0%6.0%16.2%12.7%21.8%4.8%0.1%7.7M-387.7M-809.7K1.6162.211,8202,92456,23148,180
2025-07-09$111.31$95.0019.6%5.9%16.2%9.6%20.5%3.7%1.0%11.9M-402.2M-849.9K0.3863.5459622558,23450,913
2025-07-10$109.25$96.0020.6%6.1%17.6%12.0%24.4%10.3%1.1%7.6M-335.7M-887.2K4.1171.314,79719,73957,51851,041
2025-07-11$107.49$99.0023.8%6.2%18.7%18.9%23.2%3.1%0.0%-5.0M-213.6M-1.1M6.7170.739566,41760,68668,083
2025-07-14$109.00$100.0022.7%6.6%18.9%16.5%26.1%3.6%-0.2%-4.9M-251.6M-1.1M4.2464.621,4956,34460,54875,771
2025-07-15$109.23$100.0022.0%6.3%18.5%14.9%22.1%3.5%0.3%-675.9K-252.0M-1.1M2.9756.784011,19160,86075,449
2025-07-16$109.97$100.0022.0%6.3%18.2%14.9%23.2%3.9%-0.8%4.0M-300.2M-1.0M2.0161.846191,24661,06275,767
2025-07-17$111.34$100.0021.4%6.1%18.3%13.6%26.0%3.6%-0.4%16.8M-359.6M-1.0M1.0861.315,5425,96761,20875,593
2025-07-18$111.02$100.0021.2%6.0%18.2%13.1%20.5%3.5%0.9%6.2M-340.5M-948.4K1.0960.403,1233,41359,32274,980
2025-07-21$111.19$100.0021.3%6.0%17.6%13.4%21.0%7.6%4.2%-1.9M-329.1M-933.6K0.3562.9579928355,29058,737
2025-07-22$111.03$100.0022.3%6.1%17.4%15.6%21.3%4.3%-1.8%-1.7M-309.0M-970.4K0.8163.533,4502,78655,65258,923
2025-07-23$111.55$100.0020.6%5.7%16.4%11.9%22.0%5.9%0.3%346.8K-337.2M-991.3K0.1468.182,66537058,73661,546
2025-07-24$112.10$100.0020.0%5.8%16.4%10.6%24.0%0.6%0.5%835.4K-363.6M-919.1K3.3470.231,7455,82558,31261,771
2025-07-25$112.88$99.0020.2%5.5%16.3%11.1%19.5%-0.5%0.4%3.2M-389.7M-899.8K4.2966.354862,08458,96760,175
2025-07-28$112.84$99.0020.4%5.5%16.2%11.4%20.0%2.0%-0.2%3.8M-392.6M-850.6K3.8367.193251,24558,72456,370
2025-07-29$112.87$99.0020.2%5.7%15.9%11.1%20.2%-7.5%-0.3%3.6M-390.7M-865.9K0.6272.1462138658,79958,452
2025-07-30$112.18$99.0021.9%6.3%15.5%14.7%22.4%4.2%-0.0%112.0K-363.3M-893.1K2.3175.085921,36558,95858,679
2025-07-31$111.95$99.0021.6%6.3%15.5%14.2%21.7%4.3%-0.7%-4.0M-350.3M-901.3K0.0874.331,58913458,89961,339