IBRN Options History — October 2025

In October 2025, IBRN traded between $20.77 and $28.64. ATM implied volatility averaged 117.2%, placing in the 51.5% IV rank vs the trailing year. The 30-day expected move averaged 30.6%. IV traded above realized volatility by 25.9% (HV 20d: 91.3%). Max pain ranged from $24.00 to $26.00. Net GEX was positive for 18 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2025-10-22: Highest Volume — 542 contracts
2025-10-31: Largest IV spike — 369.3% change
2025-10-27: Highest IV Rank — 100.0%
2025-10-31: Largest Expected Move — 62.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.66	$20.77	$28.64	$25.83	$21.99
Max Pain	$24.50	$24.00	$26.00	$26.00	$24.00
ATM IV	117.2%	41.4%	216.6%	47.4%	216.6%
Expected Move	30.6%	8.4%	62.1%	13.6%	62.1%
HV 20d	91.3%	8.5%	201.0%	132.2%	201.0%
HV 60d	97.8%	80.1%	138.7%	80.2%	138.7%
IV Rank	51.5%	7.3%	100.0%	10.9%	100.0%
IV Percentile	87.5%	48.8%	100.0%	70.6%	100.0%
Term Structure	-57.1%	-134.2%	-0.1%	-19.6%	-134.2%
VWIV	173.5%	68.0%	249.0%	68.0%	174.1%
Skew 25d	-19.4%	-50.2%	10.9%	-4.4%	-49.7%
Skew 10d	-10.3%	-50.2%	53.2%	2.9%	-49.7%
Call IV 25d	64.1%	26.3%	102.4%	52.6%	102.4%
Put IV 25d	44.7%	33.1%	74.9%	48.2%	52.7%
Bid-Ask Spread %	145.82	134.04	156.45	148.35	140.27
Gamma HHI	0.64	0.30	1.00	1.00	0.43
Net GEX	268	0	1.3K	0	413
Net DEX	-19.3K	-69.0K	0	0	-41.5K
Net VEX	-45	-97	0	0	-88
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	62.652	0	542	0	0
Total OI	15.13	0	34	0	34

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI
2025-10-01	$25.83	$0.00	47.4%	13.6%	132.2%	10.9%	0.0%	-4.4%	-19.6%	0	0	0	148.35	N/A	N/A	0	0
2025-10-02	$25.83	$0.00	52.5%	15.1%	94.9%	13.9%	0.0%	-4.0%	-21.7%	0	0	0	148.29	N/A	N/A	0	0
2025-10-03	$25.83	$0.00	67.6%	19.4%	8.5%	22.9%	0.0%	2.9%	-39.9%	0	0	0	146.60	N/A	N/A	0	0
2025-10-06	$25.51	$0.00	74.2%	12.6%	9.6%	26.8%	0.0%	2.9%	-15.1%	0	0	0	155.08	N/A	N/A	0	0
2025-10-07	$26.69	$0.00	54.9%	9.7%	17.9%	15.4%	0.0%	0.1%	-6.5%	0	0	0	154.90	N/A	N/A	2	0
2025-10-08	$28.18	$0.00	47.5%	8.4%	25.7%	10.9%	0.0%	5.5%	-4.5%	107	-1.7K	-15	154.25	N/A	N/A	0	2
2025-10-09	$28.64	$0.00	56.4%	8.5%	25.9%	16.2%	0.0%	8.8%	-3.6%	107	-1.7K	-14	154.25	N/A	N/A	0	2
2025-10-10	$28.42	$0.00	58.2%	8.5%	26.3%	17.3%	0.0%	10.9%	-0.1%	100	-1.5K	-13	155.84	N/A	N/A	0	2
2025-10-13	$27.60	$0.00	73.9%	8.9%	28.9%	26.7%	0.0%	3.0%	-4.1%	99	-1.4K	-12	156.45	N/A	N/A	0	2
2025-10-14	$26.48	$0.00	115.4%	11.4%	33.0%	51.3%	0.0%	-3.1%	-8.4%	72	-1.5K	-13	155.69	N/A	N/A	0	2
2025-10-15	$26.59	$0.00	41.4%	11.9%	33.0%	7.3%	68.0%	2.0%	-10.2%	75	-1.5K	-13	149.87	N/A	N/A	303	2
2025-10-16	$20.77	$26.00	169.3%	48.5%	94.3%	83.4%	202.8%	-48.1%	-95.5%	166	-13.4K	-43	143.82	N/A	N/A	359	14
2025-10-17	$21.11	$26.00	169.2%	48.5%	94.7%	83.3%	0.0%	-44.0%	-95.5%	124	-15.4K	-40	143.81	N/A	N/A	0	13
2025-10-20	$21.48	$26.00	187.5%	53.7%	95.1%	94.2%	249.0%	-46.0%	-110.9%	151	-14.7K	-40	137.14	N/A	N/A	216	13
2025-10-21	$21.45	$24.00	195.5%	56.1%	95.1%	99.0%	174.1%	-48.3%	-120.9%	402	-37.2K	-89	134.04	N/A	N/A	19	33
2025-10-22	$27.13	$24.00	50.9%	14.6%	128.7%	12.9%	0.0%	-5.2%	-22.8%	892	-42.9K	-79	139.60	N/A	N/A	542	25
2025-10-23	$21.32	$24.00	190.4%	54.6%	155.1%	95.9%	0.0%	-50.2%	-121.9%	443	-37.5K	-96	139.03	N/A	N/A	0	34
2025-10-24	$21.64	$24.00	173.2%	49.7%	155.3%	85.7%	0.0%	-46.5%	-94.9%	461	-38.2K	-97	139.60	N/A	N/A	0	34
2025-10-27	$22.05	$24.00	200.7%	57.5%	155.5%	100.0%	0.0%	-44.6%	-114.9%	429	-41.2K	-94	138.56	N/A	N/A	0	34
2025-10-28	$22.21	$24.00	202.2%	58.0%	155.5%	100.0%	0.0%	-44.6%	-108.1%	417	-42.3K	-93	138.54	N/A	N/A	0	34
2025-10-29	$22.21	$24.00	205.5%	58.9%	155.5%	100.0%	0.0%	-44.1%	-121.7%	429	-41.9K	-92	140.39	N/A	N/A	0	34
2025-10-30	$28.30	$24.00	46.2%	13.2%	179.1%	9.7%	0.0%	1.2%	-37.5%	1.3K	-69.0K	-94	139.43	N/A	N/A	0	34
2025-10-31	$21.99	$24.00	216.6%	62.1%	201.0%	100.0%	0.0%	-49.7%	-134.2%	413	-41.5K	-88	140.27	N/A	N/A	0	34