IBKR Options History — November 2025

In November 2025, IBKR traded between $61.19 and $73.03. ATM implied volatility averaged 41.2%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 0.9% (HV 20d: 40.4%). Max pain ranged from $62.50 to $68.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.93.

Notable Days

2025-11-03: Highest Volume — 18,918 contracts
2025-11-28: Largest IV drop — 8.3% change
2025-11-20: Highest IV Rank — 23.7%
2025-11-20: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$67.02	$61.19	$73.03	$73.03	$64.93
Max Pain	$64.63	$62.50	$68.00	$67.00	$65.00
ATM IV	41.2%	36.9%	46.1%	38.6%	36.9%
Expected Move	12.0%	11.0%	13.3%	11.8%	11.0%
HV 20d	40.4%	31.8%	46.2%	36.0%	46.2%
HV 60d	36.2%	32.6%	38.9%	35.0%	38.8%
IV Rank	18.0%	12.9%	23.7%	15.0%	12.9%
IV Percentile	67.9%	44.0%	85.7%	58.7%	44.0%
Term Structure	0.1%	-3.2%	9.7%	9.7%	-0.0%
VWIV	42.0%	39.5%	46.8%	41.1%	39.5%
Skew 25d	3.5%	-4.7%	12.2%	0.4%	4.9%
Skew 10d	5.0%	-5.0%	14.3%	3.5%	8.5%
Call IV 25d	39.4%	33.6%	45.6%	36.9%	35.0%
Put IV 25d	42.9%	33.7%	48.3%	37.3%	39.9%
Bid-Ask Spread %	63.92	46.87	78.71	48.48	64.46
Gamma HHI	0.07	0.05	0.09	0.08	0.06
Net GEX	3.8M	-410.2K	7.9M	7.8M	5.4M
Net DEX	-419.7M	-630.4M	-201.4M	-607.2M	-364.3M
Net VEX	-1.9M	-2.0M	-1.8M	-1.9M	-1.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.93	0.26	3.10	0.60	0.61
Total Volume	9,765.895	3,076	18,918	18,918	3,076
Total OI	244,076.053	227,539	260,322	227,539	238,746

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	$73.03	$67.00	38.6%	11.8%	36.0%	15.0%	41.1%	0.4%	9.7%	7.8M	-607.2M	-1.9M	0.60	48.48	N/A	N/A	11,826	7,092	125,929	101,610
2025-11-04	$70.92	$68.00	39.5%	12.0%	37.6%	16.2%	43.3%	4.0%	3.3%	7.2M	-545.8M	-1.9M	3.10	46.87	N/A	N/A	3,804	11,783	129,350	104,046
2025-11-05	$71.97	$68.00	39.1%	11.7%	35.5%	15.7%	41.3%	5.1%	0.5%	7.4M	-581.4M	-1.9M	0.70	48.92	N/A	N/A	3,037	2,128	129,828	112,819
2025-11-06	$69.97	$62.50	40.1%	11.4%	36.8%	16.8%	40.0%	2.5%	-0.8%	5.3M	-504.0M	-1.9M	0.88	50.70	N/A	N/A	8,989	7,900	130,556	113,931
2025-11-07	$70.63	$62.50	40.2%	11.8%	32.4%	16.9%	41.5%	3.3%	-1.5%	7.0M	-550.0M	-2.0M	0.90	71.40	N/A	N/A	3,710	3,343	135,489	120,154
2025-11-10	$71.03	$62.50	39.8%	11.5%	31.9%	16.4%	40.8%	1.5%	0.4%	5.8M	-574.8M	-1.8M	0.47	59.17	N/A	N/A	4,061	1,911	130,816	118,017
2025-11-11	$70.91	$62.50	39.1%	11.3%	31.8%	15.7%	39.7%	-4.7%	0.5%	6.6M	-575.9M	-1.8M	1.33	73.48	N/A	N/A	1,392	1,850	132,813	118,814
2025-11-12	$72.58	$62.50	38.9%	11.1%	32.8%	15.4%	39.8%	2.4%	-0.3%	7.9M	-630.4M	-1.8M	1.14	63.29	N/A	N/A	5,129	5,824	133,262	120,165
2025-11-13	$67.27	$62.50	42.1%	12.0%	42.4%	19.0%	41.7%	3.1%	-0.6%	126.4K	-427.8M	-1.9M	0.80	66.19	N/A	N/A	10,019	8,052	134,540	120,536
2025-11-14	$66.23	$65.00	41.3%	11.7%	42.1%	18.1%	41.2%	3.3%	-0.6%	1.5M	-401.7M	-1.9M	0.98	72.21	N/A	N/A	9,365	9,182	136,803	123,519
2025-11-17	$63.23	$65.00	44.3%	12.7%	45.1%	21.6%	44.0%	3.3%	-2.2%	881.2K	-279.0M	-1.9M	0.83	72.74	N/A	N/A	6,604	5,498	128,799	110,140
2025-11-18	$63.48	$65.00	45.3%	13.0%	45.0%	22.8%	44.8%	3.8%	-1.5%	821.4K	-280.6M	-1.9M	0.98	74.25	N/A	N/A	3,450	3,364	131,314	113,166
2025-11-19	$64.58	$65.00	44.8%	12.9%	45.0%	22.3%	43.9%	4.5%	-1.5%	1.7M	-316.7M	-1.9M	0.82	73.71	N/A	N/A	2,672	2,195	132,265	113,991
2025-11-20	$61.53	$65.00	46.1%	13.3%	45.5%	23.7%	46.8%	2.8%	-3.2%	-410.2K	-222.1M	-1.8M	1.24	78.71	N/A	N/A	3,025	3,736	132,439	115,120
2025-11-21	$61.19	$65.00	44.0%	12.9%	44.4%	21.3%	44.6%	3.6%	-1.9%	117.9K	-201.4M	-1.9M	0.92	69.29	N/A	N/A	5,514	5,094	132,785	114,323
2025-11-24	$62.39	$65.00	42.0%	12.4%	45.0%	19.0%	41.4%	12.2%	1.6%	1.4M	-266.1M	-1.8M	0.26	60.18	N/A	N/A	7,463	1,943	123,015	107,821
2025-11-25	$63.09	$65.00	40.9%	12.3%	45.3%	17.6%	42.2%	5.9%	0.9%	2.4M	-297.4M	-1.8M	0.45	60.58	N/A	N/A	4,164	1,865	125,748	108,481
2025-11-26	$64.42	$65.00	40.2%	11.6%	46.1%	16.8%	40.9%	4.6%	-0.8%	4.2M	-348.1M	-1.8M	0.60	59.78	N/A	N/A	3,440	2,052	127,797	108,498
2025-11-28	$64.93	$65.00	36.9%	11.0%	46.2%	12.9%	39.5%	4.9%	-0.0%	5.4M	-364.3M	-1.8M	0.61	64.46	N/A	N/A	1,906	1,170	129,798	108,948