IBKR Options History — July 2025

In July 2025, IBKR traded between $56.45 and $65.86. ATM implied volatility averaged 39.0%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 9.6% (HV 20d: 29.3%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.40.

Notable Days

2025-07-18: Highest Volume — 68,990 contracts
2025-07-09: Largest IV drop — 19.6% change
2025-07-02: Highest IV Rank — 35.2%
2025-07-02: Largest Expected Move — 15.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$61.06	$56.45	$65.86	$56.45	$65.86
Max Pain	$56.31	$50.00	$60.00	$52.50	$60.00
ATM IV	39.0%	31.2%	52.9%	47.2%	32.9%
Expected Move	10.9%	9.0%	15.2%	13.5%	9.5%
HV 20d	29.3%	23.5%	32.8%	31.9%	28.6%
HV 60d	37.3%	29.0%	58.0%	58.0%	29.5%
IV Rank	19.7%	10.9%	35.2%	28.9%	12.9%
IV Percentile	64.9%	33.7%	94.8%	89.7%	43.3%
Term Structure	-1.4%	-12.1%	3.9%	-7.0%	-1.6%
VWIV	38.8%	32.0%	53.2%	48.4%	33.8%
Skew 25d	1.7%	-10.0%	11.4%	0.1%	1.8%
Skew 10d	5.8%	-0.0%	21.6%	7.3%	15.4%
Call IV 25d	36.8%	19.7%	52.2%	48.3%	32.3%
Put IV 25d	38.5%	20.2%	53.2%	48.5%	34.1%
Bid-Ask Spread %	29.19	10.27	52.76	40.19	32.19
Gamma HHI	0.12	0.08	0.19	0.12	0.08
Net GEX	8.7M	6.9M	10.7M	6.9M	9.3M
Net DEX	-533.2M	-759.4M	-396.1M	-396.1M	-644.0M
Net VEX	-1.9M	-2.0M	-1.9M	-1.9M	-1.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.15	0.73	0.35	0.44
Total Volume	15,374.818	4,825	68,990	13,075	4,825
Total OI	254,090.227	236,126	299,366	236,126	258,082

Daily Data (22 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
2025-07-01	$56.45	$52.50	47.2%	13.5%	31.9%	28.9%	48.4%	0.1%	-7.0%	6.9M	-396.1M	-1.9M	0.35	40.19	N/A	N/A	9,654	3,421	129,061	107,065
2025-07-02	$57.90	$51.25	52.9%	15.2%	32.8%	35.2%	53.2%	1.1%	-12.1%	7.1M	-453.6M	-1.9M	0.15	42.01	N/A	N/A	21,918	3,384	132,486	108,006
2025-07-03	$58.09	$50.00	46.8%	11.0%	32.4%	28.4%	39.5%	4.1%	0.5%	8.1M	-460.0M	-1.9M	0.46	52.76	N/A	N/A	4,615	2,111	136,018	109,104
2025-07-07	$57.59	$55.00	49.1%	11.2%	32.8%	31.0%	40.9%	3.1%	-0.5%	8.0M	-443.1M	-1.9M	0.23	41.69	N/A	N/A	11,260	2,576	134,811	109,525
2025-07-08	$56.86	$55.00	47.5%	11.2%	32.1%	29.2%	40.1%	2.9%	0.7%	7.8M	-410.0M	-1.9M	0.27	37.00	N/A	N/A	6,488	1,771	136,176	110,200
2025-07-09	$58.07	$55.00	38.2%	11.0%	27.6%	18.8%	39.4%	2.5%	-0.2%	8.3M	-450.8M	-1.9M	0.52	30.79	N/A	N/A	5,857	3,065	135,726	111,108
2025-07-10	$58.86	$55.00	38.1%	10.9%	27.6%	18.6%	38.9%	2.1%	-0.8%	8.5M	-471.6M	-1.9M	0.25	41.93	N/A	N/A	7,925	2,013	137,618	111,467
2025-07-11	$58.87	$55.00	38.6%	11.1%	27.5%	19.2%	39.5%	2.0%	-0.7%	8.8M	-478.8M	-1.9M	0.25	37.52	N/A	N/A	8,513	2,128	139,638	112,100
2025-07-14	$59.33	$55.00	41.0%	11.8%	27.5%	22.0%	41.2%	2.0%	-2.3%	9.3M	-497.8M	-1.9M	0.51	31.72	N/A	N/A	11,701	5,933	142,931	113,118
2025-07-15	$59.59	$55.00	42.5%	12.2%	26.2%	23.6%	43.1%	1.3%	-3.5%	9.1M	-498.9M	-2.0M	0.22	13.86	N/A	N/A	15,808	3,456	147,253	117,426
2025-07-16	$59.45	$55.00	41.8%	12.0%	23.8%	22.8%	42.6%	1.5%	-2.7%	9.9M	-511.5M	-2.0M	0.44	26.56	N/A	N/A	11,536	5,051	152,948	119,348
2025-07-17	$59.61	$55.00	40.8%	11.7%	23.5%	21.7%	41.9%	1.2%	-3.5%	10.7M	-530.1M	-2.0M	0.62	15.27	N/A	N/A	21,769	13,451	157,180	121,961
2025-07-18	$63.52	$55.00	34.0%	9.7%	31.0%	14.1%	35.8%	1.0%	-0.3%	9.1M	-759.4M	-1.9M	0.17	10.27	N/A	N/A	59,116	9,874	167,442	131,924
2025-07-21	$61.82	$55.00	35.0%	10.0%	32.2%	15.2%	35.1%	2.0%	-0.1%	8.4M	-521.1M	-1.9M	0.25	14.25	N/A	N/A	14,069	3,474	142,276	104,229
2025-07-22	$62.29	$60.00	36.5%	10.5%	30.1%	16.9%	35.9%	2.5%	-1.6%	8.3M	-531.4M	-2.0M	0.31	12.02	N/A	N/A	7,891	2,434	138,965	105,040
2025-07-23	$63.00	$60.00	33.7%	9.7%	29.9%	13.8%	34.8%	1.3%	1.3%	8.6M	-559.7M	-1.9M	0.73	14.94	N/A	N/A	3,817	2,775	141,075	106,360
2025-07-24	$64.43	$60.00	32.6%	9.6%	30.1%	12.5%	34.4%	0.4%	0.4%	8.9M	-600.7M	-1.9M	0.67	13.61	N/A	N/A	5,911	3,941	140,796	107,699
2025-07-25	$65.65	$60.00	33.3%	9.4%	29.4%	13.3%	32.9%	1.0%	-0.4%	9.1M	-638.0M	-1.9M	0.36	24.98	N/A	N/A	7,179	2,585	141,510	108,141
2025-07-28	$65.20	$60.00	31.2%	9.0%	30.0%	10.9%	32.0%	2.0%	0.1%	9.2M	-618.6M	-1.9M	0.50	25.32	N/A	N/A	8,740	4,361	142,421	109,590
2025-07-29	$65.06	$60.00	31.7%	9.6%	29.5%	11.5%	36.0%	11.4%	3.9%	9.3M	-615.3M	-1.9M	0.61	39.00	N/A	N/A	3,834	2,354	144,288	111,058
2025-07-30	$65.86	$60.00	32.3%	9.5%	29.2%	12.2%	33.4%	-10.0%	0.0%	9.5M	-639.9M	-1.9M	0.47	44.33	N/A	N/A	3,859	1,803	144,673	112,142
2025-07-31	$65.86	$60.00	32.9%	9.5%	28.6%	12.9%	33.8%	1.8%	-1.6%	9.3M	-644.0M	-1.9M	0.44	32.19	N/A	N/A	3,348	1,477	145,269	112,813