IBRN Options History — November 2025

In November 2025, IBRN traded between $20.41 and $31.97. ATM implied volatility averaged 96.6%, placing in the 31.3% IV rank vs the trailing year. The 30-day expected move averaged 25.6%. IV traded below realized volatility by 123.2% (HV 20d: 219.8%). Max pain ranged from $24.00 to $24.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-11-05: Highest Volume — 1,552 contracts
  • 2025-11-12: Largest IV spike — 380.7% change
  • 2025-11-12: Highest IV Rank — 100.0%
  • 2025-11-12: Largest Expected Move — 90.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.56$20.41$31.97$21.80$31.97
Max Pain$24.00$24.00$24.00$24.00$24.00
ATM IV96.6%28.5%314.4%213.5%34.2%
Expected Move25.6%8.2%90.2%61.2%9.8%
HV 20d219.8%198.4%245.5%201.0%202.1%
HV 60d157.9%138.7%168.8%138.7%162.5%
IV Rank31.3%0.0%100.0%98.3%2.0%
IV Percentile67.7%0.0%100.0%99.6%14.7%
Term Structure-36.3%-154.2%6.9%-138.0%-5.6%
VWIV240.8%240.8%240.8%240.8%240.8%
Skew 25d-14.8%-117.8%10.6%-57.1%10.6%
Skew 10d-7.8%-117.8%22.1%-57.1%18.7%
Call IV 25d61.9%30.6%175.3%112.3%30.6%
Put IV 25d47.0%20.0%65.8%55.2%41.2%
Bid-Ask Spread %148.15134.84168.32135.42144.93
Gamma HHI0.360.310.440.430.31
Net GEX1.2K3622.9K448362
Net DEX-65.8K-113.9K-26.6K-39.3K-43.8K
Net VEX-74-142-23-83-23
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume103.57901,55200
Total OI36.26315543415

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$21.80$24.00213.5%61.2%201.0%98.3%0.0%-57.1%-138.0%448-39.3K-830.00135.42N/AN/A00340
2025-11-04$21.61$24.00207.5%59.5%200.0%95.2%0.0%-58.2%-149.8%509-36.3K-810.00139.36N/AN/A00340
2025-11-05$21.61$24.00198.6%56.9%198.6%90.4%240.8%-56.3%-154.2%549-34.9K-790.00134.84N/AN/A1,5520340
2025-11-06$21.61$24.00197.7%34.2%198.4%89.9%0.0%-47.5%-43.6%845-57.1K-1420.00155.93N/AN/A4160540
2025-11-07$27.43$24.0045.1%8.8%217.7%8.5%0.0%2.8%-4.0%2.9K-87.2K-930.00156.96N/AN/A00430
2025-11-10$27.43$24.0054.9%10.2%217.5%13.7%0.0%-0.1%-3.8%2.8K-85.3K-920.00156.80N/AN/A00430
2025-11-11$27.04$24.0065.4%12.0%217.0%19.4%0.0%1.5%-8.0%1.8K-74.3K-1020.00146.70N/AN/A00430
2025-11-12$20.41$24.00314.4%90.2%239.0%100.0%0.0%-117.8%-30.8%490-45.2K-810.00149.08N/AN/A00430
2025-11-13$27.04$24.0048.0%13.8%244.0%6.6%0.0%-0.1%-12.7%1.8K-74.4K-970.00145.79N/AN/A00430
2025-11-14$29.19$24.0028.5%8.2%245.0%0.0%0.0%2.3%6.9%1.8K-111.6K-540.00146.01N/AN/A00430
2025-11-17$28.42$24.0043.5%12.5%245.5%5.3%0.0%2.4%-13.0%1.9K-89.5K-780.00144.19N/AN/A00430
2025-11-18$28.34$24.0043.5%12.5%245.5%5.3%0.0%2.7%-10.7%1.9K-87.7K-750.00150.89N/AN/A00430
2025-11-19$27.42$24.0058.6%16.8%231.5%10.5%0.0%4.5%-21.6%1.4K-76.2K-740.00151.66N/AN/A00430
2025-11-20$29.34$24.0031.9%9.1%214.1%1.2%0.0%2.4%-4.7%1.5K-113.0K-460.00146.47N/AN/A00430
2025-11-21$29.34$24.0059.1%17.0%214.2%10.7%0.0%6.5%-16.2%705-113.9K-490.00168.32N/AN/A00430
2025-11-24$28.19$24.0054.7%15.7%215.1%9.2%0.0%4.8%-18.6%568-26.7K-510.00147.91N/AN/A00150
2025-11-25$28.19$24.0065.1%18.7%215.1%12.8%0.0%5.5%-26.7%473-26.6K-500.00150.10N/AN/A00150
2025-11-26$28.19$24.0070.6%20.2%215.1%14.7%0.0%9.1%-34.1%455-26.6K-500.00143.44N/AN/A00150
2025-11-28$31.97$24.0034.2%9.8%202.1%2.0%0.0%10.6%-5.6%362-43.8K-230.00144.93N/AN/A00150