IBKR Options History — December 2025

In December 2025, IBKR traded between $62.45 and $66.91. ATM implied volatility averaged 38.5%, placing in the 13.9% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 4.0% (HV 20d: 34.5%). Max pain ranged from $52.50 to $65.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.22.

Notable Days

2025-12-01: Highest Volume — 13,190 contracts
2025-12-31: Largest IV spike — 21.2% change
2025-12-31: Highest IV Rank — 25.6%
2025-12-01: Largest Expected Move — 11.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$64.78	$62.45	$66.91	$63.36	$64.45
Max Pain	$55.17	$52.50	$65.00	$65.00	$55.00
ATM IV	38.5%	35.7%	48.5%	38.5%	48.5%
Expected Move	10.7%	8.7%	11.8%	11.8%	8.7%
HV 20d	34.5%	23.9%	45.1%	45.1%	24.0%
HV 60d	36.7%	35.3%	37.4%	37.1%	35.3%
IV Rank	13.9%	10.3%	25.6%	14.8%	25.6%
IV Percentile	50.1%	32.1%	89.3%	51.6%	89.3%
Term Structure	1.2%	-1.5%	4.7%	1.6%	0.5%
VWIV	37.6%	30.9%	41.3%	41.0%	30.9%
Skew 25d	3.2%	-3.0%	6.9%	4.7%	-3.0%
Skew 10d	9.6%	-6.5%	22.8%	16.2%	16.8%
Call IV 25d	37.1%	34.5%	52.3%	36.9%	52.3%
Put IV 25d	40.3%	37.5%	49.3%	41.6%	49.3%
Bid-Ask Spread %	62.89	53.20	73.15	62.07	63.52
Gamma HHI	0.07	0.06	0.22	0.06	0.06
Net GEX	3.3M	-1.4M	8.4M	3.2M	1.7M
Net DEX	-347.0M	-431.7M	-271.8M	-317.1M	-326.7M
Net VEX	-1.5M	-1.8M	-1.4M	-1.8M	-1.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.22	0.37	5.01	1.70	0.73
Total Volume	5,735.409	2,834	13,190	13,190	5,310
Total OI	226,935.136	196,037	244,162	232,994	197,971

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
2025-12-01	$63.36	$65.00	38.5%	11.8%	45.1%	14.8%	41.0%	4.7%	1.6%	3.2M	-317.1M	-1.8M	1.70	62.07	N/A	N/A	4,879	8,311	126,415	106,579
2025-12-02	$63.80	$65.00	37.6%	11.3%	43.3%	13.7%	40.0%	5.0%	2.0%	3.2M	-319.6M	-1.8M	0.43	62.58	N/A	N/A	4,145	1,778	128,209	111,506
2025-12-03	$64.99	$65.00	37.9%	11.4%	43.3%	14.1%	39.3%	3.8%	1.1%	4.9M	-372.0M	-1.7M	0.71	64.61	N/A	N/A	1,660	1,174	128,649	112,357
2025-12-04	$65.76	$52.50	36.2%	11.3%	43.1%	12.0%	39.5%	3.3%	3.4%	6.5M	-407.2M	-1.6M	1.20	62.88	N/A	N/A	3,012	3,624	128,833	112,688
2025-12-05	$64.50	$52.50	37.0%	11.3%	42.6%	13.0%	39.8%	2.6%	-0.5%	4.8M	-345.2M	-1.7M	1.02	60.74	N/A	N/A	3,108	3,184	129,755	114,407
2025-12-08	$65.69	$52.50	37.2%	11.2%	43.1%	13.2%	39.6%	3.6%	0.3%	3.9M	-378.1M	-1.7M	0.37	53.20	N/A	N/A	3,074	1,128	125,267	113,653
2025-12-09	$65.67	$52.50	36.8%	11.1%	43.0%	11.6%	38.8%	2.9%	0.3%	4.5M	-386.2M	-1.6M	0.55	53.50	N/A	N/A	2,224	1,226	126,545	113,943
2025-12-10	$66.91	$52.50	35.7%	10.8%	43.7%	10.3%	37.9%	3.7%	1.8%	6.6M	-431.7M	-1.6M	0.61	71.58	N/A	N/A	2,518	1,524	126,775	113,946
2025-12-11	$66.14	$52.50	36.9%	11.0%	42.7%	11.7%	38.0%	4.2%	1.8%	5.8M	-398.9M	-1.6M	2.10	68.07	N/A	N/A	1,853	3,894	127,017	113,743
2025-12-12	$64.17	$52.50	36.1%	10.6%	34.9%	10.7%	41.3%	3.0%	2.8%	1.9M	-322.2M	-1.6M	2.57	53.66	N/A	N/A	3,207	8,250	127,233	116,454
2025-12-15	$62.79	$53.75	37.3%	10.8%	35.3%	12.2%	38.0%	3.9%	3.0%	-653.9K	-281.1M	-1.5M	0.91	66.77	N/A	N/A	2,943	2,674	123,485	115,344
2025-12-16	$62.91	$53.75	37.2%	10.7%	31.3%	12.0%	37.4%	3.6%	4.3%	-705.8K	-283.6M	-1.5M	0.68	61.26	N/A	N/A	2,870	1,938	124,583	115,827
2025-12-17	$62.45	$53.75	38.8%	11.1%	31.4%	14.0%	39.0%	4.1%	1.1%	-1.4M	-271.8M	-1.5M	1.26	72.22	N/A	N/A	2,249	2,842	124,449	115,614
2025-12-18	$63.03	$53.75	38.3%	10.8%	30.9%	13.4%	37.1%	3.1%	4.7%	-1.2M	-283.1M	-1.5M	1.06	68.48	N/A	N/A	2,757	2,910	124,551	115,990
2025-12-19	$64.38	$53.75	36.8%	10.1%	26.3%	11.6%	36.5%	3.0%	3.8%	3.2M	-337.2M	-1.5M	0.85	73.15	N/A	N/A	4,002	3,409	124,846	116,416
2025-12-22	$65.80	$53.75	39.9%	10.2%	27.0%	15.3%	36.4%	1.8%	0.2%	3.2M	-358.9M	-1.4M	0.80	61.71	N/A	N/A	4,299	3,441	103,299	93,577
2025-12-23	$65.97	$53.75	39.2%	10.8%	26.4%	14.5%	35.7%	3.5%	-0.8%	4.1M	-368.1M	-1.4M	1.58	66.12	N/A	N/A	2,012	3,181	104,648	94,211
2025-12-24	$65.88	$55.00	39.8%	10.3%	26.2%	15.2%	38.1%	3.0%	-1.5%	4.4M	-368.8M	-1.4M	5.01	57.96	N/A	N/A	533	2,673	105,185	95,147
2025-12-26	$66.10	$55.00	40.7%	9.9%	25.3%	16.3%	35.0%	0.9%	-1.3%	8.4M	-376.2M	-1.4M	0.61	54.90	N/A	N/A	2,761	1,697	105,322	95,066
2025-12-29	$65.43	$55.00	40.0%	10.5%	25.5%	15.5%	35.8%	3.4%	-0.2%	3.0M	-352.5M	-1.4M	1.60	54.28	N/A	N/A	1,204	1,928	103,869	92,168
2025-12-30	$64.97	$55.00	40.0%	9.1%	23.9%	15.5%	32.1%	6.9%	-0.9%	2.9M	-347.0M	-1.4M	0.52	70.37	N/A	N/A	3,149	1,624	104,230	92,801
2025-12-31	$64.45	$55.00	48.5%	8.7%	24.0%	25.6%	30.9%	-3.0%	0.5%	1.7M	-326.7M	-1.4M	0.73	63.52	N/A	N/A	3,065	2,245	104,767	93,204