IMCG Options History — May 2025

In May 2025, IMCG traded between $72.66 and $78.54. ATM implied volatility averaged 24.1%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded below realized volatility by 3.5% (HV 20d: 27.7%). Max pain ranged from $63.00 to $66.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-05-13: Highest Volume — 2 contracts
2025-05-14: Largest IV drop — 48.6% change
2025-05-13: Highest IV Rank — 30.2%
2025-05-01: Largest Expected Move — 7.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$76.13	$72.66	$78.54	$72.66	$77.11
Max Pain	$63.29	$63.00	$66.00	$66.00	$63.00
ATM IV	24.1%	18.1%	36.3%	26.3%	20.7%
Expected Move	6.3%	5.2%	7.5%	7.5%	5.9%
HV 20d	27.7%	16.9%	54.9%	54.9%	17.4%
HV 60d	36.0%	35.5%	36.4%	35.5%	36.0%
IV Rank	15.9%	8.7%	30.2%	18.4%	11.8%
IV Percentile	65.4%	23.8%	95.6%	81.7%	50.8%
Term Structure	0.2%	-1.3%	3.0%	0.6%	1.2%
VWIV	19.3%	19.3%	19.3%	19.3%	19.3%
Skew 25d	2.5%	0.1%	4.0%	3.0%	1.4%
Skew 10d	2.9%	-6.5%	9.6%	2.7%	-6.5%
Call IV 25d	20.0%	17.2%	25.8%	25.8%	21.6%
Put IV 25d	22.5%	19.2%	28.8%	28.8%	23.0%
Bid-Ask Spread %	130.68	123.86	137.36	124.79	133.02
Gamma HHI	0.77	0.71	0.81	0.71	0.80
Net GEX	16.3K	15.0K	18.2K	15.1K	18.2K
Net DEX	-336.4K	-426.2K	-260.5K	-260.5K	-332.3K
Net VEX	-972	-1.1K	-897	-1.1K	-909
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	0.19	0	2	0	0
Total OI	75.619	71	79	78	73

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	$72.66	$66.00	26.3%	7.5%	54.9%	18.4%	0.0%	3.0%	0.6%	15.1K	-260.5K	-1.1K	124.79	N/A	N/A	0	0	75	3
2025-05-02	$73.61	$66.00	24.7%	7.1%	51.0%	16.5%	0.0%	3.1%	-0.5%	15.4K	-286.3K	-1.1K	128.76	N/A	N/A	0	0	75	3
2025-05-05	$73.69	$63.00	26.6%	7.0%	46.9%	18.8%	0.0%	3.3%	0.4%	15.5K	-290.7K	-1.0K	123.86	N/A	N/A	0	0	75	3
2025-05-06	$73.18	$63.00	28.2%	7.4%	46.1%	20.7%	0.0%	3.6%	0.1%	15.0K	-276.7K	-1.0K	124.99	N/A	N/A	0	0	75	3
2025-05-07	$73.60	$63.00	28.3%	7.0%	44.7%	20.8%	0.0%	4.0%	0.2%	15.4K	-284.9K	-1.0K	127.54	N/A	N/A	0	0	75	3
2025-05-08	$74.70	$63.00	27.4%	6.5%	29.5%	19.7%	0.0%	3.4%	1.0%	15.8K	-318.7K	-1.0K	124.80	N/A	N/A	0	0	75	3
2025-05-09	$74.33	$63.00	30.7%	7.0%	24.5%	23.6%	0.0%	2.7%	-0.3%	16.4K	-312.1K	-1.0K	127.62	N/A	N/A	0	0	75	3
2025-05-12	$76.58	$63.00	31.4%	6.3%	25.0%	24.5%	0.0%	0.1%	0.2%	15.4K	-369.8K	-997	127.30	N/A	N/A	0	0	75	3
2025-05-13	$77.81	$63.00	36.3%	5.6%	25.1%	30.2%	19.3%	2.4%	0.7%	16.1K	-397.3K	-950	129.43	N/A	N/A	2	0	75	3
2025-05-14	$77.39	$63.00	18.6%	5.3%	25.2%	9.4%	0.0%	2.8%	3.0%	16.9K	-397.1K	-974	135.75	N/A	N/A	0	0	76	3
2025-05-15	$77.67	$63.00	19.4%	5.6%	23.5%	10.3%	0.0%	1.7%	-0.3%	17.2K	-403.3K	-942	133.46	N/A	N/A	0	0	76	3
2025-05-16	$78.48	$63.00	18.1%	5.2%	23.4%	8.7%	0.0%	1.7%	2.0%	16.9K	-426.2K	-905	132.34	N/A	N/A	0	0	76	3
2025-05-19	$78.54	$63.00	19.3%	5.5%	18.8%	10.2%	0.0%	2.4%	-0.3%	16.8K	-377.1K	-897	126.85	N/A	N/A	0	0	70	1
2025-05-20	$78.17	$63.00	19.7%	5.6%	16.9%	10.6%	0.0%	2.3%	-0.4%	16.6K	-370.0K	-917	135.57	N/A	N/A	0	0	70	1
2025-05-21	$76.75	$63.00	21.8%	6.2%	18.9%	13.1%	0.0%	2.1%	-0.3%	16.1K	-325.3K	-959	136.75	N/A	N/A	0	1	70	1
2025-05-22	$76.84	$63.00	22.2%	6.4%	17.3%	13.6%	0.0%	2.8%	-0.7%	16.1K	-325.5K	-948	132.83	N/A	N/A	0	0	70	2
2025-05-23	$76.20	$63.00	23.6%	6.8%	17.7%	15.2%	0.0%	2.2%	-1.0%	16.3K	-308.3K	-958	132.41	N/A	N/A	0	1	70	2
2025-05-27	$77.33	$63.00	21.2%	6.1%	18.2%	12.4%	0.0%	2.3%	1.3%	17.1K	-337.5K	-928	133.25	N/A	N/A	0	0	70	3
2025-05-28	$77.01	$63.00	21.1%	6.0%	18.4%	12.3%	0.0%	2.3%	-1.3%	17.4K	-333.6K	-922	137.36	N/A	N/A	0	0	70	3
2025-05-29	$77.00	$63.00	21.8%	6.2%	18.1%	13.1%	0.0%	2.2%	-0.6%	17.3K	-331.7K	-914	135.60	N/A	N/A	0	0	70	3
2025-05-30	$77.11	$63.00	20.7%	5.9%	17.4%	11.8%	0.0%	1.4%	1.2%	18.2K	-332.3K	-909	133.02	N/A	N/A	0	0	70	3