IBKR Options History — January 2025

In January 2025, IBKR traded between $45.59 and $54.87. ATM implied volatility averaged 31.3%, placing in the 49.9% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded below realized volatility by 2.3% (HV 20d: 33.6%). Max pain ranged from $38.75 to $48.75. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.67.

Notable Days

  • 2025-01-22: Highest Volume — 53,184 contracts
  • 2025-01-22: Largest IV drop — 21.7% change
  • 2025-01-13: Highest IV Rank — 75.1%
  • 2025-01-21: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.21$45.59$54.87$45.59$54.37
Max Pain$45.31$38.75$48.75$40.00$48.75
ATM IV31.3%27.1%36.6%31.5%32.0%
Expected Move9.1%7.8%10.0%9.0%9.2%
HV 20d33.6%23.9%48.8%27.1%48.3%
HV 60d34.9%32.2%40.3%32.3%40.3%
IV Rank49.9%29.7%75.1%50.8%53.4%
IV Percentile73.7%38.1%96.8%79.4%80.2%
Term Structure0.0%-2.4%4.0%2.2%1.1%
VWIV32.4%28.5%35.4%31.5%33.7%
Skew 25d2.1%0.7%3.1%1.8%2.6%
Skew 10d5.1%-2.5%13.4%3.1%4.5%
Call IV 25d31.1%26.7%34.3%30.6%31.3%
Put IV 25d33.1%28.3%35.9%32.3%33.9%
Bid-Ask Spread %49.2430.8662.8060.0043.76
Gamma HHI0.150.090.680.110.15
Net GEX4.8M2.1M19.0M2.1M4.7M
Net DEX-269.1M-325.2M-182.0M-220.9M-313.6M
Net VEX-797.4K-1.0M-698.8K-728.5K-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.231.631.130.39
Total Volume15,074.23,28053,18411,7049,636
Total OI163,874113,660179,392162,052169,836

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$45.59$40.0031.5%9.0%27.1%50.8%31.5%1.8%2.2%2.1M-220.9M-728.5K1.1360.00N/AN/A5,5046,20092,32869,724
2025-01-03$45.86$38.7528.5%8.2%27.2%36.7%30.1%1.4%4.0%3.0M-235.9M-727.3K0.2362.80N/AN/A14,9643,39694,90468,736
2025-01-06$47.32$45.0030.1%9.6%29.3%44.4%34.3%2.5%-0.3%4.5M-300.5M-738.5K0.9457.69N/AN/A6,8686,428101,50870,204
2025-01-07$47.49$45.0030.2%9.6%29.1%44.5%34.5%2.9%-0.5%4.4M-304.8M-742.2K0.5056.12N/AN/A12,6126,252101,26871,264
2025-01-08$47.70$45.0029.9%9.5%25.8%43.0%35.4%2.5%-0.3%3.9M-301.1M-737.5K0.7457.94N/AN/A2,3721,76499,86074,128
2025-01-10$46.23$45.0031.7%9.8%27.8%51.9%34.1%2.5%-0.6%3.0M-251.8M-748.1K0.2462.39N/AN/A6,3441,532100,08074,604
2025-01-13$45.84$45.0036.6%9.8%26.8%75.1%33.8%2.4%-1.0%2.9M-238.3M-748.0K0.2659.84N/AN/A3,492908102,64875,012
2025-01-14$45.66$45.0034.6%9.6%26.7%65.6%33.3%2.8%-0.6%2.6M-230.4M-726.6K0.5555.46N/AN/A2,1201,160103,28075,328
2025-01-15$46.44$45.0032.4%9.3%27.2%54.9%32.9%2.6%-0.9%3.7M-263.8M-723.4K1.2356.78N/AN/A2,9043,568103,52075,828
2025-01-16$46.99$45.0031.5%9.0%27.4%50.9%31.9%2.2%-0.6%4.9M-287.8M-702.8K0.3045.44N/AN/A4,2721,284103,83674,928
2025-01-17$47.53$45.0032.4%9.3%27.0%54.9%32.2%2.0%-1.0%19.0M-310.9M-698.8K0.3250.00N/AN/A13,5084,340104,96474,428
2025-01-21$48.24$45.0035.0%10.0%23.9%67.4%35.1%1.4%-2.4%4.1M-182.0M-713.1K0.5830.86N/AN/A17,64410,16072,84040,820
2025-01-22$51.97$45.0027.4%7.9%34.1%31.3%28.5%0.9%0.3%6.7M-294.3M-743.9K0.6034.88N/AN/A33,23619,94888,38049,472
2025-01-23$52.11$46.2527.1%7.8%34.1%29.7%28.5%1.6%0.4%4.4M-262.9M-758.1K1.2440.97N/AN/A6,4287,97281,80457,388
2025-01-24$54.87$46.2527.7%7.9%37.4%32.8%28.6%0.7%0.7%4.8M-317.4M-792.1K0.3437.41N/AN/A24,1608,26483,76061,772
2025-01-27$50.90$46.2533.4%9.6%48.2%59.7%33.3%3.1%-0.8%3.8M-227.5M-951.5K1.1340.88N/AN/A9,76811,01692,94065,072
2025-01-28$51.70$47.5030.7%8.8%48.3%47.1%31.7%2.2%0.4%3.8M-244.8M-984.5K0.8144.37N/AN/A4,4283,57295,04069,696
2025-01-29$52.70$48.7531.4%9.0%47.8%50.1%31.4%2.1%0.1%4.1M-267.9M-1.0M0.3141.80N/AN/A3,9121,22496,03271,572
2025-01-30$54.69$48.7532.0%9.2%48.8%53.1%33.0%1.8%0.3%4.9M-325.2M-971.2K1.6345.47N/AN/A6,97211,35296,53272,144
2025-01-31$54.37$48.7532.0%9.2%48.3%53.4%33.7%2.6%1.1%4.7M-313.6M-1.0M0.3943.76N/AN/A6,9122,72497,93671,900