ILCG Options History — May 2025

In May 2025, ILCG traded between $84.44 and $91.31. ATM implied volatility averaged 24.3%, placing in the 19.8% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 7.7% (HV 20d: 32.1%). Max pain ranged from $79.00 to $79.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-05-07: Highest Volume — 2 contracts
2025-05-14: Largest IV drop — 52.1% change
2025-05-13: Highest IV Rank — 47.1%
2025-05-01: Largest Expected Move — 7.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$88.74	$84.44	$91.31	$84.44	$91.02
Max Pain	$79.00	$79.00	$79.00	$79.00	$79.00
ATM IV	24.3%	17.9%	39.0%	27.1%	21.0%
Expected Move	5.9%	4.8%	7.8%	7.8%	6.0%
HV 20d	32.1%	18.3%	62.1%	62.1%	18.3%
HV 60d	41.4%	40.9%	41.9%	41.0%	41.1%
IV Rank	19.8%	7.9%	47.1%	24.9%	13.5%
IV Percentile	62.7%	29.4%	97.6%	81.3%	54.0%
Term Structure	0.1%	-3.8%	2.7%	-3.8%	-0.3%
Skew 25d	3.3%	2.0%	5.2%	2.6%	4.1%
Skew 10d	7.3%	0.9%	10.3%	4.9%	9.5%
Call IV 25d	20.0%	17.1%	28.0%	28.0%	20.6%
Put IV 25d	23.3%	19.7%	30.6%	30.6%	24.7%
Bid-Ask Spread %	135.64	129.95	140.00	135.66	136.38
Gamma HHI	0.31	0.21	0.43	0.34	0.26
Net GEX	1.1K	316	1.8K	320	1.2K
Net DEX	-28.9K	-41.2K	-6.6K	-6.6K	-36.2K
Net VEX	-130	-302	-7	-11	-300
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	0.619	0	2	0	0
Total OI	7.619	3	14	3	14

Daily Data (21 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	Put Vol	Call OI	Put OI
2025-05-01	$84.44	$79.00	27.1%	7.8%	62.1%	24.9%	0.0%	2.6%	-3.8%	320	-6.6K	-11	135.66	N/A	N/A	0	0	2	1
2025-05-02	$85.41	$79.00	26.2%	7.5%	58.4%	23.2%	0.0%	2.9%	-3.3%	400	-7.7K	-9	135.78	N/A	N/A	0	0	2	1
2025-05-05	$85.20	$0.00	28.4%	6.5%	55.2%	27.3%	0.0%	4.0%	1.0%	369	-7.3K	-8	136.85	N/A	N/A	0	0	2	1
2025-05-06	$84.66	$0.00	28.9%	6.3%	54.6%	28.4%	0.0%	3.6%	0.8%	316	-6.7K	-8	140.00	N/A	N/A	0	0	2	1
2025-05-07	$84.97	$0.00	28.4%	6.5%	53.5%	27.3%	0.0%	5.2%	1.1%	328	-7.2K	-7	133.26	N/A	N/A	2	0	2	1
2025-05-08	$85.82	$0.00	29.3%	6.3%	34.9%	29.0%	0.0%	4.2%	1.2%	821	-18.3K	-54	133.70	N/A	N/A	2	0	4	1
2025-05-09	$85.43	$0.00	31.7%	6.4%	29.5%	33.5%	0.0%	3.9%	1.2%	1.2K	-27.8K	-102	137.17	N/A	N/A	0	0	6	1
2025-05-12	$88.56	$0.00	36.3%	5.2%	30.5%	42.0%	0.0%	3.9%	2.7%	1.6K	-34.4K	-96	132.72	N/A	N/A	0	0	6	1
2025-05-13	$90.55	$0.00	39.0%	4.8%	31.0%	47.1%	0.0%	2.6%	1.8%	1.8K	-38.8K	-91	129.95	N/A	N/A	0	0	6	1
2025-05-14	$90.72	$0.00	18.7%	5.4%	30.7%	9.3%	0.0%	2.9%	0.7%	1.7K	-40.1K	-88	137.02	N/A	N/A	0	0	6	1
2025-05-15	$90.66	$0.00	18.1%	5.2%	26.4%	8.3%	0.0%	2.7%	0.4%	1.7K	-39.8K	-87	134.41	N/A	N/A	0	0	6	1
2025-05-16	$91.30	$0.00	17.9%	5.1%	26.4%	7.9%	0.0%	3.8%	1.4%	1.8K	-41.0K	-84	136.20	N/A	N/A	0	1	6	1
2025-05-19	$91.31	$0.00	18.8%	5.4%	21.3%	9.5%	0.0%	3.7%	1.2%	665	-26.5K	-92	135.72	N/A	N/A	2	0	4	1
2025-05-20	$90.87	$0.00	19.2%	5.5%	20.6%	10.2%	0.0%	2.9%	-0.5%	1.2K	-34.7K	-143	138.36	N/A	N/A	2	0	6	1
2025-05-21	$89.80	$0.00	18.5%	5.3%	21.0%	8.9%	0.0%	2.0%	1.0%	1.7K	-41.0K	-195	132.32	N/A	N/A	0	0	8	1
2025-05-22	$90.20	$0.00	20.3%	5.8%	19.1%	12.4%	0.0%	3.0%	-0.1%	1.8K	-41.2K	-197	136.66	N/A	N/A	0	2	8	1
2025-05-23	$89.39	$0.00	21.4%	6.1%	19.6%	14.3%	0.0%	2.8%	0.5%	1.5K	-37.0K	-267	136.37	N/A	N/A	0	2	9	3
2025-05-27	$91.14	$0.00	20.5%	5.9%	20.2%	12.7%	0.0%	3.8%	0.2%	1.2K	-36.8K	-302	135.85	N/A	N/A	0	0	9	5
2025-05-28	$91.00	$0.00	21.1%	6.1%	20.4%	13.8%	0.0%	2.4%	-2.8%	1.2K	-39.3K	-297	138.53	N/A	N/A	0	0	9	5
2025-05-29	$91.14	$0.00	20.2%	5.8%	20.0%	12.0%	0.0%	2.4%	-1.4%	1.2K	-39.0K	-298	135.54	N/A	N/A	0	0	9	5
2025-05-30	$91.02	$0.00	21.0%	6.0%	18.3%	13.5%	0.0%	4.1%	-0.3%	1.2K	-36.2K	-300	136.38	N/A	N/A	0	0	9	5