SGOV Options History — November 2025

In November 2025, SGOV traded between $100.40 and $100.66. ATM implied volatility averaged 2.0%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 0.6%. IV traded above realized volatility by 0.8% (HV 20d: 1.2%). Max pain ranged from $100.00 to $101.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.16.

Notable Days

2025-11-19: Highest Volume — 321 contracts
2025-11-13: Largest IV spike — 134.7% change
2025-11-13: Highest IV Rank — 31.5%
2025-11-13: Largest Expected Move — 1.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$100.52	$100.40	$100.66	$100.40	$100.66
Max Pain	$100.16	$100.00	$101.00	$101.00	$100.00
ATM IV	2.0%	1.1%	5.6%	1.6%	1.1%
Expected Move	0.6%	0.3%	1.6%	0.5%	0.3%
HV 20d	1.2%	1.2%	1.2%	1.2%	1.2%
HV 60d	1.2%	1.0%	1.2%	1.2%	1.0%
IV Rank	7.3%	0.9%	31.5%	4.3%	0.9%
IV Percentile	22.5%	0.6%	72.8%	10.7%	0.6%
Term Structure	0.0%	-3.9%	5.9%	0.0%	-0.7%
VWIV	4.6%	1.6%	14.6%	2.0%	2.4%
Skew 25d	1.8%	-0.5%	8.1%	0.3%	1.4%
Skew 10d	5.6%	-1.4%	15.6%	0.2%	11.3%
Call IV 25d	1.8%	0.8%	4.8%	1.2%	1.5%
Put IV 25d	3.6%	0.9%	10.1%	1.5%	2.8%
Bid-Ask Spread %	122.94	103.98	145.93	116.60	111.02
Gamma HHI	0.70	0.49	0.98	0.65	0.51
Net GEX	4.8M	2.5M	9.7M	2.5M	7.1M
Net DEX	-10.5M	-13.7M	-6.8M	-6.8M	-13.0M
Net VEX	-37.1K	-49.3K	-24.9K	-47.6K	-32.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.16	0.00	0.65	0.13	0.00
Total Volume	138.368	15	321	247	92
Total OI	2,842.842	2,444	3,405	2,444	3,172

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-11-03	$100.40	$101.00	1.6%	0.5%	1.2%	4.3%	2.0%	0.3%	0.0%	2.5M	-6.8M	-47.6K	0.13	116.60	N/A	N/A	218	29	1,959	485
2025-11-04	$100.41	$100.00	1.6%	0.5%	1.2%	4.2%	3.2%	0.2%	1.4%	2.5M	-8.5M	-49.3K	0.06	142.50	N/A	N/A	33	2	2,104	412
2025-11-05	$100.41	$100.00	2.1%	0.6%	1.2%	8.1%	2.8%	0.3%	-1.4%	3.3M	-9.8M	-47.7K	0.15	132.80	N/A	N/A	13	2	2,118	381
2025-11-06	$100.43	$101.00	1.7%	0.3%	1.2%	5.1%	1.6%	0.2%	-0.0%	2.7M	-8.9M	-48.6K	0.14	120.71	N/A	N/A	56	8	2,121	382
2025-11-07	$100.45	$101.00	1.5%	0.5%	1.2%	3.7%	2.9%	0.1%	-1.1%	2.9M	-8.9M	-48.5K	0.08	119.85	N/A	N/A	74	6	2,151	389
2025-11-10	$100.47	$100.00	1.8%	0.7%	1.2%	5.4%	11.8%	2.2%	-0.6%	2.6M	-9.0M	-48.9K	0.27	139.05	N/A	N/A	41	11	2,188	388
2025-11-11	$100.47	$100.00	1.9%	0.7%	1.2%	6.2%	6.2%	2.3%	-0.5%	9.4M	-11.1M	-32.1K	0.02	121.30	N/A	N/A	63	1	2,214	399
2025-11-12	$100.48	$100.00	2.4%	0.7%	1.2%	9.7%	14.6%	2.3%	-0.7%	2.6M	-9.5M	-49.0K	0.03	124.02	N/A	N/A	173	6	2,222	400
2025-11-13	$100.50	$100.00	5.6%	1.6%	1.2%	31.5%	5.2%	5.7%	-3.9%	3.4M	-8.3M	-45.6K	0.05	107.55	N/A	N/A	268	13	2,208	408
2025-11-14	$100.53	$100.00	3.7%	1.1%	1.2%	18.8%	6.0%	2.8%	1.0%	3.7M	-12.3M	-27.3K	0.15	145.93	N/A	N/A	240	36	2,454	421
2025-11-17	$100.53	$100.00	3.9%	1.1%	1.2%	19.8%	4.9%	3.4%	1.3%	9.7M	-13.7M	-32.6K	0.07	135.68	N/A	N/A	69	5	2,675	456
2025-11-18	$100.55	$100.00	1.7%	0.5%	1.2%	4.8%	2.1%	-0.1%	0.9%	6.0M	-11.6M	-27.8K	0.65	137.05	N/A	N/A	60	39	2,721	462
2025-11-19	$100.56	$100.00	1.5%	0.4%	1.2%	4.0%	5.3%	8.1%	0.9%	5.8M	-11.8M	-29.3K	0.35	108.19	N/A	N/A	238	83	2,772	492
2025-11-20	$100.57	$100.00	1.7%	0.5%	1.2%	5.1%	2.7%	-0.3%	5.9%	6.2M	-11.7M	-27.1K	0.15	109.53	N/A	N/A	46	7	2,865	520
2025-11-21	$100.59	$100.00	1.2%	0.4%	1.2%	1.8%	4.8%	-0.2%	-0.3%	4.8M	-11.5M	-25.8K	0.22	113.58	N/A	N/A	125	28	2,880	525
2025-11-24	$100.62	$100.00	1.3%	0.4%	1.2%	2.3%	2.9%	2.7%	-0.6%	5.5M	-10.5M	-27.2K	0.25	103.98	N/A	N/A	134	33	2,417	378
2025-11-25	$100.63	$100.00	1.3%	0.4%	1.2%	2.4%	3.0%	-0.5%	-0.6%	5.1M	-10.7M	-24.9K	0.17	124.67	N/A	N/A	142	24	2,497	407
2025-11-26	$100.65	$100.00	1.2%	0.3%	1.2%	1.4%	2.9%	3.6%	-0.6%	5.5M	-12.2M	-32.4K	0.15	121.92	N/A	N/A	183	28	2,549	422
2025-11-28	$100.66	$100.00	1.1%	0.3%	1.2%	0.9%	2.4%	1.4%	-0.7%	7.1M	-13.0M	-32.4K	0.00	111.02	N/A	N/A	92	0	2,726	446