IBKR Options History — February 2025

In February 2025, IBKR traded between $50.51 and $58.65. ATM implied volatility averaged 38.0%, placing in the 77.9% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 12.6% (HV 20d: 50.6%). Max pain ranged from $41.25 to $48.75. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.76.

Notable Days

  • 2025-02-25: Highest Volume — 29,556 contracts
  • 2025-02-25: Largest IV spike — 12.4% change
  • 2025-02-25: Highest IV Rank — 100.0%
  • 2025-02-27: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.66$50.51$58.65$56.12$51.13
Max Pain$45.46$41.25$48.75$48.75$46.25
ATM IV38.0%33.3%47.1%35.6%44.4%
Expected Move11.0%9.8%13.5%10.2%12.7%
HV 20d50.6%44.3%54.0%48.3%44.3%
HV 60d38.6%36.4%41.3%40.6%41.3%
IV Rank77.9%59.2%100.0%70.1%89.7%
IV Percentile95.6%85.3%100.0%96.4%98.8%
Term Structure-0.5%-3.4%1.4%-0.1%-1.8%
VWIV39.0%34.6%48.8%35.7%44.1%
Skew 25d2.8%1.9%5.5%2.0%3.9%
Skew 10d6.3%3.7%10.7%3.7%7.4%
Call IV 25d37.2%33.1%44.8%34.5%42.5%
Put IV 25d40.0%35.2%49.5%36.6%46.3%
Bid-Ask Spread %51.8641.4360.7141.4341.63
Gamma HHI0.150.090.190.160.10
Net GEX5.1M1.9M7.2M5.5M2.1M
Net DEX-339.2M-444.6M-154.6M-363.0M-181.4M
Net VEX-1.3M-1.4M-1.0M-1.0M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.331.850.760.73
Total Volume13,786.1055,61229,55617,1725,612
Total OI197,317.684172,276222,432173,524195,824

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$56.12$48.7535.6%10.2%48.3%70.1%35.7%2.0%-0.1%5.5M-363.0M-1.0M0.7641.43N/AN/A9,7687,404100,66472,860
2025-02-04$55.31$48.7534.1%9.8%49.0%62.9%34.6%2.1%1.4%5.3M-339.1M-1.1M0.3743.37N/AN/A9,5723,568103,01677,588
2025-02-05$58.58$48.7535.1%10.1%51.4%68.1%35.8%2.0%0.2%6.3M-434.9M-1.2M0.5242.68N/AN/A14,6527,684107,27679,084
2025-02-06$57.00$41.2533.5%10.0%53.1%60.2%35.9%1.9%0.8%6.0M-392.2M-1.3M0.4557.47N/AN/A8,7243,948111,66482,720
2025-02-07$57.73$42.5033.3%10.1%53.1%59.2%36.4%2.8%0.7%6.5M-418.5M-1.2M0.5452.80N/AN/A4,6402,496113,33683,724
2025-02-10$56.92$42.5034.9%10.2%51.7%66.9%37.0%2.3%0.0%6.5M-395.3M-1.2M0.8754.18N/AN/A6,9686,060114,86884,736
2025-02-11$55.48$43.7534.8%10.4%52.8%66.7%36.2%2.8%-0.3%5.4M-345.4M-1.3M0.3360.71N/AN/A10,7523,548114,68887,808
2025-02-12$57.52$43.7536.8%10.5%53.4%75.9%37.5%2.7%-0.1%6.7M-415.3M-1.3M0.6058.36N/AN/A6,2443,776117,46488,376
2025-02-13$58.46$43.7536.2%10.4%53.4%73.0%36.9%2.5%0.4%7.0M-444.3M-1.3M0.3757.52N/AN/A8,3163,048117,42089,252
2025-02-14$58.65$43.7536.5%10.5%53.5%74.5%37.0%2.0%0.8%7.2M-444.6M-1.3M0.4756.75N/AN/A4,7562,224118,14490,296
2025-02-18$58.45$45.0037.4%10.7%53.7%79.0%38.3%2.2%0.1%7.1M-437.9M-1.3M1.8553.16N/AN/A3,6166,680118,40890,824
2025-02-19$58.10$46.2537.0%10.6%54.0%77.0%37.4%1.9%-0.1%6.5M-421.7M-1.3M0.9255.66N/AN/A5,0004,596119,66495,280
2025-02-20$56.62$46.2536.5%10.5%49.5%74.6%37.3%2.9%0.9%4.8M-370.6M-1.3M0.3852.43N/AN/A15,5525,924121,00097,652
2025-02-21$54.46$46.2539.9%11.4%51.8%90.5%41.2%3.0%-1.5%4.7M-296.2M-1.3M0.6158.52N/AN/A9,0005,468124,51297,920
2025-02-24$53.86$46.2540.0%11.5%48.6%91.1%40.5%3.0%-1.0%3.6M-242.0M-1.3M0.9756.07N/AN/A9,6369,344104,39267,884
2025-02-25$50.51$46.2544.9%12.9%46.5%100.0%43.7%5.5%-3.1%1.9M-154.6M-1.3M1.1443.30N/AN/A13,78415,772108,42074,164
2025-02-26$51.62$46.2545.1%12.9%46.9%100.0%46.7%4.0%-3.4%2.5M-183.7M-1.4M1.2746.82N/AN/A4,4565,676109,35677,432
2025-02-27$50.95$47.5047.1%13.5%46.5%100.0%48.8%4.7%-3.3%1.9M-163.3M-1.4M1.2152.55N/AN/A6,1967,476110,92480,396
2025-02-28$51.13$46.2544.4%12.7%44.3%89.7%44.1%3.9%-1.8%2.1M-181.4M-1.4M0.7341.63N/AN/A3,2442,368113,57282,252