IGV Options History — November 2025

In November 2025, IGV traded between $100.86 and $115.61. ATM implied volatility averaged 26.8%, placing in the 25.7% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 4.6% (HV 20d: 22.2%). Max pain ranged from $108.00 to $115.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 11.24.

Notable Days

  • 2025-11-20: Highest Volume — 35,996 contracts
  • 2025-11-17: Largest IV spike — 24.1% change
  • 2025-11-20: Highest IV Rank — 39.5%
  • 2025-11-20: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.08$100.86$115.61$115.61$103.84
Max Pain$113.26$108.00$115.00$108.00$110.00
ATM IV26.8%23.0%33.1%23.7%24.4%
Expected Move7.5%5.9%9.5%6.2%7.0%
HV 20d22.2%18.6%24.0%18.6%24.0%
HV 60d19.1%16.9%20.4%16.9%20.2%
IV Rank25.7%17.2%39.5%18.7%20.3%
IV Percentile73.5%50.0%92.1%58.3%59.5%
Term Structure-0.8%-4.3%3.9%0.2%-0.2%
VWIV28.2%24.8%34.2%25.7%24.8%
Skew 25d2.0%-8.5%14.6%0.1%1.1%
Skew 10d5.1%-10.3%19.0%1.7%2.7%
Call IV 25d26.3%15.1%35.5%23.3%23.7%
Put IV 25d28.3%23.5%35.2%23.5%24.8%
Bid-Ask Spread %82.7274.2092.6578.1479.09
Gamma HHI0.120.090.250.110.13
Net GEX-15.3M-28.3M-3.8M-3.8M-8.4M
Net DEX100.0M-112.5M297.3M-112.5M97.3M
Net VEX-1.2M-1.5M-830.7K-1.4M-830.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio11.240.40131.340.992.10
Total Volume5,093.63264835,9961,426648
Total OI109,946.42170,936123,945116,64872,189

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$115.61$108.0023.7%6.2%18.6%18.7%25.7%0.1%0.2%-3.8M-112.5M-1.4M0.9978.1471770941,61275,036
2025-11-04$112.03$108.0025.2%7.1%21.4%22.0%26.2%-6.3%-0.8%-7.0M-48.8M-1.4M9.9974.762692,68742,07675,476
2025-11-05$111.85$110.0023.0%5.9%21.1%17.2%25.9%-1.1%2.1%-11.6M-14.2M-1.5M1.3280.551,7832,36142,15277,828
2025-11-06$109.44$115.0026.3%7.9%22.2%24.4%28.2%8.6%2.1%-13.4M54.8M-1.5M1.7381.142,0963,63543,16777,781
2025-11-07$109.48$115.0026.5%6.7%20.2%25.0%26.9%-8.5%-4.3%-15.8M83.7M-1.5M2.9077.621,4044,07442,76478,747
2025-11-10$111.84$115.0026.1%7.0%20.6%24.1%25.6%5.1%-0.7%-10.6M-9.8M-1.4M6.0288.906814,09742,47576,433
2025-11-11$111.19$115.0025.8%6.7%20.4%23.4%29.5%9.6%3.9%-12.3M6.1M-1.4M0.7292.6544031942,70878,218
2025-11-12$109.97$115.0026.5%7.6%20.7%25.0%28.2%14.6%-1.3%-15.0M32.9M-1.4M1.3791.2351670642,78678,650
2025-11-13$107.03$115.0028.6%8.2%22.6%29.7%30.0%-2.0%-1.8%-18.9M138.1M-1.4M20.8782.112234,65443,04379,156
2025-11-14$107.71$115.0025.1%7.2%22.8%21.9%26.1%3.9%0.6%-17.8M122.8M-1.3M6.1391.533832,34843,13579,685
2025-11-17$105.18$115.0031.2%8.9%23.4%35.3%30.7%4.5%-4.2%-22.3M199.4M-1.3M2.7780.206091,68442,90879,908
2025-11-18$104.76$115.0026.5%7.6%22.9%25.0%29.0%0.9%-1.5%-24.1M220.0M-1.3M2.0085.941,8083,61443,01180,934
2025-11-19$103.89$115.0030.3%8.7%22.8%33.4%29.3%0.4%-2.7%-24.9M243.1M-1.3M3.2982.966762,22543,92979,450
2025-11-20$100.86$115.0033.1%9.5%23.9%39.5%33.0%-7.5%-2.9%-27.4M297.3M-1.2M131.3487.2927235,72444,39576,585
2025-11-21$101.23$114.0030.9%8.8%23.1%34.6%34.2%4.6%-3.0%-28.3M248.6M-944.2K9.7983.208057,87944,50364,043
2025-11-24$102.30$113.0027.3%7.8%23.4%26.8%27.4%3.8%-1.5%-10.1M127.2M-909.3K0.4084.8482933330,94139,995
2025-11-25$103.16$112.0025.3%7.2%23.9%22.3%26.9%3.8%-1.7%-9.9M116.8M-877.9K3.2674.2021670431,47240,091
2025-11-26$103.22$112.0023.8%6.8%23.6%18.9%27.6%1.7%1.7%-9.6M98.1M-920.6K6.5075.356204,03131,59240,108
2025-11-28$103.84$110.0024.4%7.0%24.0%20.3%24.8%1.1%-0.2%-8.4M97.3M-830.7K2.1079.0920943932,03940,150