IGV Options History — January 2026

In January 2026, IGV traded between $90.05 and $106.31. ATM implied volatility averaged 25.3%, placing in the 18.2% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 3.5% (HV 20d: 21.8%). Max pain ranged from $100.00 to $107.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 3.28.

Notable Days

  • 2026-01-29: Highest Volume — 81,283 contracts
  • 2026-01-12: Largest IV spike — 14.5% change
  • 2026-01-30: Highest IV Rank — 31.9%
  • 2026-01-30: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$99.81$90.05$106.31$102.73$90.05
Max Pain$104.00$100.00$107.00$107.00$100.00
ATM IV25.3%19.8%31.2%20.6%31.2%
Expected Move7.3%5.9%8.9%5.9%8.9%
HV 20d21.8%19.2%29.4%19.7%29.4%
HV 60d21.4%20.3%24.2%20.8%24.2%
IV Rank18.2%6.0%31.9%7.8%31.9%
IV Percentile56.5%5.6%90.1%10.7%90.1%
Term Structure0.9%-0.9%2.6%1.1%-0.6%
VWIV25.4%20.9%29.6%20.9%29.1%
Skew 25d4.2%2.1%5.9%3.3%5.1%
Skew 10d8.9%2.4%16.6%3.4%9.5%
Call IV 25d23.7%19.3%28.7%20.7%28.7%
Put IV 25d27.9%23.6%33.7%23.9%33.7%
Bid-Ask Spread %67.1858.0384.0884.0859.33
Gamma HHI0.130.090.160.130.09
Net GEX-8.4M-23.4M17.9M-10.3M-4.6M
Net DEX141.2M-17.0M310.5M105.0M285.5M
Net VEX-1.1M-2.0M-590.7K-590.7K-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.280.1413.320.801.37
Total Volume23,504.61,66981,2836,92429,806
Total OI124,990.3572,548228,86172,548228,861

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$102.73$107.0020.6%5.9%19.7%7.8%20.9%3.3%1.1%-10.3M105.0M-590.7K0.8084.083,8423,08234,70837,840
2026-01-05$103.79$106.0020.9%6.2%19.5%8.6%24.1%3.0%2.2%-11.0M84.6M-620.4K0.9858.035,8415,74036,41439,911
2026-01-06$104.84$106.0019.8%6.0%19.2%6.0%21.4%4.3%0.5%-10.8M68.2M-634.4K7.4162.467585,61938,20041,312
2026-01-07$106.31$106.0020.2%6.3%20.0%7.0%21.8%3.5%2.2%-7.3M26.2M-723.2K0.7166.662,9012,06238,16044,077
2026-01-08$104.54$106.0022.0%6.2%20.5%10.5%22.8%4.3%2.0%-10.1M70.1M-703.5K6.7862.761,3669,25538,86543,461
2026-01-09$105.05$106.0020.2%6.1%20.5%6.3%24.4%2.9%2.6%-10.1M61.5M-723.6K6.1467.351,1547,08439,41344,289
2026-01-12$105.38$106.0023.1%6.3%20.6%13.1%21.5%4.4%2.4%-11.0M52.2M-774.2K2.5667.484691,20040,51050,301
2026-01-13$103.20$106.0025.2%6.8%21.2%18.0%24.3%3.9%2.6%-14.3M107.2M-756.1K13.3263.211,42819,01440,75550,279
2026-01-14$100.84$106.0025.4%7.3%21.1%18.5%27.6%5.5%0.1%-19.3M217.6M-877.7K12.4362.701,77222,02841,64360,748
2026-01-15$99.84$106.0027.5%7.9%21.0%23.3%27.1%2.1%0.7%-21.6M244.6M-976.5K3.9975.362,57510,26343,03069,133
2026-01-16$98.37$106.0025.9%7.4%21.1%19.5%27.0%5.4%-0.0%-23.4M280.2M-963.7K2.4269.769,09022,01544,67569,632
2026-01-20$96.00$105.0028.9%8.3%21.4%26.6%28.4%5.9%-0.1%-19.7M310.5M-1.1M2.9666.536,07418,00738,91472,726
2026-01-21$95.23$105.0027.0%7.8%20.4%22.2%26.3%5.8%1.4%-19.0M308.7M-1.1M0.7868.1222,39117,39643,11570,478
2026-01-22$96.74$103.0027.1%7.8%21.1%22.4%26.5%4.7%0.4%-10.9M207.3M-1.3M0.4166.2421,4218,72961,37370,536
2026-01-23$97.77$100.0027.1%7.8%21.9%22.4%26.2%3.4%0.5%-1.7M101.0M-1.5M0.3369.4225,4168,39879,72371,319
2026-01-26$99.06$100.0027.5%7.9%22.8%23.3%26.6%3.4%0.4%9.2M-17.0M-1.7M0.2264.6829,8806,68198,77372,418
2026-01-27$97.62$100.0027.6%7.9%23.0%23.6%26.5%4.5%-0.9%13.2M5.7M-1.8M0.1470.4325,8173,605119,10773,078
2026-01-28$97.07$100.0027.8%8.0%23.0%24.1%25.6%4.0%-0.7%17.9M-5.8M-2.0M0.1676.1922,9123,718134,29875,973
2026-01-29$91.84$100.0030.2%8.7%29.1%29.7%29.6%5.2%0.9%-4.0M309.7M-1.4M1.6462.7630,77050,513126,38875,371
2026-01-30$90.05$100.0031.2%8.9%29.4%31.9%29.1%5.1%-0.6%-4.6M285.5M-1.7M1.3759.3312,59117,215147,12281,739