IGV Options History — February 2026

In February 2026, IGV traded between $76.84 and $89.57. ATM implied volatility averaged 38.1%, placing in the 48.0% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 1.3% (HV 20d: 39.4%). Max pain ranged from $81.00 to $99.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.75.

Notable Days

  • 2026-02-04: Highest Volume — 276,967 contracts
  • 2026-02-03: Largest IV spike — 25.0% change
  • 2026-02-05: Highest IV Rank — 65.5%
  • 2026-02-04: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$82.22$76.84$89.57$89.57$81.14
Max Pain$86.08$81.00$99.00$99.00$82.00
ATM IV38.1%31.3%45.6%31.3%36.6%
Expected Move10.9%9.0%12.8%9.0%10.6%
HV 20d39.4%28.2%47.3%28.2%44.0%
HV 60d28.9%23.6%32.1%23.6%32.1%
IV Rank48.0%32.2%65.5%32.2%44.5%
IV Percentile94.0%88.9%98.4%90.1%91.7%
Term Structure-0.7%-3.6%1.4%-0.7%-0.8%
VWIV37.3%29.4%43.8%29.4%35.7%
Skew 25d6.9%3.4%17.1%5.7%7.6%
Skew 10d12.7%-1.2%28.2%10.0%13.2%
Call IV 25d34.6%28.4%41.2%28.4%32.3%
Put IV 25d41.5%33.6%50.3%34.1%39.9%
Bid-Ask Spread %62.1243.0577.2861.0852.95
Gamma HHI0.090.070.120.100.07
Net GEX52.5M-6.0M153.0M-5.6M121.3M
Net DEX-181.3M-1.21B376.8M291.6M-695.4M
Net VEX-7.2M-12.7M-1.5M-1.7M-12.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.232.980.640.55
Total Volume154,638.26313,357276,96713,357148,701
Total OI834,195.158234,6511,230,150234,6511,230,150

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$89.57$99.0031.3%9.0%28.2%32.2%29.4%5.7%-0.7%-5.6M291.6M-1.7M0.6461.088,1285,229151,76082,891
2026-02-03$85.24$97.0039.1%11.2%31.2%50.4%37.9%6.5%-1.2%-6.0M376.8M-1.5M1.7462.4742,85574,665156,84680,441
2026-02-04$83.93$93.0044.5%12.8%30.3%62.9%43.8%8.3%-2.4%-4.8M358.9M-2.0M0.3068.04213,69363,274189,586104,238
2026-02-05$79.53$85.0045.6%12.5%32.4%65.5%39.6%17.1%-3.0%12.2M349.7M-2.8M0.5563.68137,70976,396340,601128,295
2026-02-06$82.20$85.0039.5%11.3%36.5%51.3%38.8%4.8%0.1%47.3M-168.5M-5.3M0.2360.57173,06839,252515,318147,806
2026-02-09$85.00$85.0040.2%10.3%39.5%52.8%35.8%3.4%-3.6%84.8M-748.3M-7.1M0.2563.49120,78230,780620,362168,640
2026-02-10$85.47$85.0032.5%9.4%39.7%35.0%31.9%5.1%-0.1%97.2M-864.8M-8.0M0.5165.2193,85248,315670,103186,580
2026-02-11$82.97$85.0035.8%10.2%40.1%42.7%35.2%5.0%-0.5%62.3M-287.5M-7.4M0.8964.1171,95564,148685,925211,666
2026-02-12$81.00$85.0036.4%11.5%40.1%44.1%40.2%6.9%0.9%36.1M13.0M-7.2M0.8077.28131,029104,711688,424232,742
2026-02-13$82.41$85.0037.4%10.8%41.4%46.4%36.6%5.7%-0.1%59.6M-290.7M-8.0M0.2765.1299,36926,494681,504241,090
2026-02-17$80.83$85.0038.0%10.9%41.5%47.8%37.3%6.7%-0.4%42.0M-12.9M-7.5M0.6967.9354,20337,670718,262239,442
2026-02-18$82.13$85.0036.3%10.4%42.1%43.7%35.4%4.5%0.2%61.5M-279.7M-8.3M0.9975.1448,59947,942743,920259,656
2026-02-19$81.66$85.0036.3%10.4%42.1%43.7%36.5%5.6%0.7%51.9M-144.4M-8.3M2.9868.6418,84356,189760,601267,653
2026-02-20$80.73$85.0035.3%10.2%41.1%41.5%34.8%6.3%-0.5%25.0M55.1M-8.0M0.3971.7582,46331,769766,634269,700
2026-02-23$76.84$85.0042.4%12.4%42.8%57.9%43.5%9.8%-2.3%18.5M318.1M-7.0M1.2247.6497,275118,650609,705224,498
2026-02-24$78.22$82.0040.7%11.9%43.2%54.1%40.4%8.9%1.4%48.2M16.6M-10.1M0.6555.24109,03971,034805,690308,538
2026-02-25$80.77$81.0039.5%11.1%45.9%51.2%39.4%5.0%-0.6%92.0M-518.7M-11.7M0.2943.05163,72746,792790,627344,624
2026-02-26$82.57$81.5036.3%10.3%47.3%43.8%36.4%7.4%-0.9%153.0M-1.21B-12.7M0.2546.94143,25736,270864,070361,120
2026-02-27$81.14$82.0036.6%10.6%44.0%44.5%35.7%7.6%-0.8%121.3M-695.4M-12.4M0.5552.9595,83252,869867,075363,075