SGOV Options History — September 2025

In September 2025, SGOV traded between $100.38 and $100.70. ATM implied volatility averaged 2.9%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 0.8%. IV traded above realized volatility by 1.7% (HV 20d: 1.2%). Max pain ranged from $100.00 to $101.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.65.

Notable Days

  • 2025-09-15: Highest Volume — 637 contracts
  • 2025-09-18: Largest IV spike — 356.4% change
  • 2025-09-30: Highest IV Rank — 15.7%
  • 2025-09-18: Largest Expected Move — 3.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$100.55$100.38$100.70$100.38$100.70
Max Pain$100.05$100.00$101.00$101.00$100.00
ATM IV2.9%0.9%10.7%1.6%3.3%
Expected Move0.8%0.3%3.1%0.5%0.9%
HV 20d1.2%0.2%1.3%1.3%0.2%
HV 60d1.2%1.0%1.2%1.2%1.0%
IV Rank15.7%15.7%15.7%15.7%15.7%
IV Percentile48.4%48.4%48.4%48.4%48.4%
Term Structure0.4%-9.3%6.8%0.2%6.8%
VWIV6.6%1.7%12.6%1.7%5.7%
Skew 25d-1.8%-6.8%0.8%0.5%-0.6%
Skew 10d-0.6%-4.8%0.4%0.4%-3.2%
Call IV 25d9.1%1.2%14.0%1.2%2.9%
Put IV 25d7.3%1.7%12.6%1.7%2.3%
Bid-Ask Spread %124.10104.13142.69109.80114.27
Gamma HHI0.590.450.930.640.49
Net GEX1.6M350.1K2.5M350.1K2.5M
Net DEX-6.1M-10.0M-186.1K-186.1K-7.9M
Net VEX-25.0K-41.6K-10.1K-10.1K-41.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.002.980.222.98
Total Volume148.66715637365163
Total OI1,574.4766772,2376772,236

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$100.38$101.001.6%0.5%1.3%0.0%1.7%0.5%0.2%350.1K-186.1K-10.1K0.22109.80N/AN/A30065366311
2025-09-03$100.40$100.001.6%0.5%1.3%0.0%1.7%0.3%0.4%677.4K-1.9M-12.4K0.08117.25N/AN/A14611584304
2025-09-04$100.41$100.001.7%0.3%1.3%0.0%8.2%-0.1%-3.0%677.2K-1.9M-13.2K0.18127.19N/AN/A7213596309
2025-09-05$100.44$100.001.5%1.0%1.3%0.0%2.1%-0.1%3.0%812.9K-2.7M-14.0K0.03142.69N/AN/A391649256
2025-09-08$100.47$100.002.0%0.3%1.3%0.0%0.0%-6.8%-4.5%980.1K-2.7M-13.3K0.23139.02N/AN/A399651255
2025-09-09$100.47$100.002.1%0.3%1.3%0.0%2.2%-3.1%4.6%985.7K-2.8M-13.6K0.08141.81N/AN/A42733680253
2025-09-10$100.48$100.000.9%0.3%1.3%0.0%8.2%-2.7%-0.1%1.7M-4.7M-22.1K0.52121.54N/AN/A61321,107284
2025-09-11$100.50$100.001.2%0.3%1.3%0.0%0.0%-0.1%-4.8%1.8M-5.7M-17.3K0.00138.67N/AN/A1501,090255
2025-09-12$100.53$100.004.1%1.2%1.3%0.0%0.0%-0.1%-8.8%1.4M-5.0M-21.6K0.15139.07N/AN/A3451,101255
2025-09-15$100.53$100.002.0%0.6%1.3%0.0%2.0%-0.1%-9.2%1.7M-5.9M-12.1K0.04136.70N/AN/A612251,124260
2025-09-16$100.56$100.002.3%0.7%1.3%0.0%8.2%0.8%-9.3%2.1M-9.0M-37.1K0.57108.41N/AN/A74421,721268
2025-09-17$100.56$100.002.3%0.7%1.3%0.0%12.6%-1.5%-0.2%2.3M-9.1M-36.0K0.58139.97N/AN/A24141,727288
2025-09-18$100.57$100.0010.7%3.1%1.3%0.0%3.3%-2.5%5.7%2.3M-9.1M-35.8K0.48127.27N/AN/A42201,747301
2025-09-19$100.62$100.004.2%1.2%1.3%0.0%9.4%-4.9%4.0%2.2M-10.0M-15.4K1.76111.44N/AN/A37651,769330
2025-09-22$100.63$100.002.2%0.6%1.3%0.0%11.7%-5.6%-4.0%1.5M-9.5M-14.9K0.33135.68N/AN/A52171,557300
2025-09-23$100.63$100.002.7%0.8%1.3%0.0%6.9%-3.1%5.4%1.7M-7.4M-37.6K2.15110.03N/AN/A27581,580290
2025-09-24$100.65$100.002.8%0.8%1.3%0.0%9.8%-4.8%5.2%1.9M-7.4M-37.7K0.80113.50N/AN/A61491,600312
2025-09-25$100.66$100.002.9%0.8%1.3%0.0%8.4%-2.1%5.2%1.1M-9.1M-37.9K0.32104.13N/AN/A146471,655321
2025-09-26$100.69$100.005.8%1.7%1.3%0.0%8.6%-2.1%5.2%2.2M-8.5M-40.8K0.83114.80N/AN/A60501,787348
2025-09-29$100.69$100.003.0%0.9%1.3%0.0%8.1%-0.1%6.8%2.4M-8.6M-40.8K1.33112.94N/AN/A58771,850387
2025-09-30$100.70$100.003.3%0.9%0.2%15.7%5.7%-0.6%6.8%2.5M-7.9M-41.6K2.98114.27N/AN/A411221,847389