INVZ Options History — September 2025

In September 2025, INVZ traded between $1.52 and $2.04. ATM implied volatility averaged 121.1%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 35.0%. IV traded above realized volatility by 23.8% (HV 20d: 97.3%). Max pain ranged from $1.00 to $1.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.19.

Notable Days

  • 2025-09-30: Highest Volume — 18,486 contracts
  • 2025-09-29: Largest IV spike — 30.4% change
  • 2025-09-29: Highest IV Rank — 28.2%
  • 2025-09-29: Largest Expected Move — 41.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.81$1.52$2.04$1.58$2.04
Max Pain$1.45$1.00$1.50$1.50$1.50
ATM IV121.1%102.4%142.9%120.8%130.0%
Expected Move35.0%29.4%41.0%34.6%37.3%
HV 20d97.3%79.3%114.6%104.8%104.6%
HV 60d109.7%98.5%120.0%113.9%101.8%
IV Rank18.7%10.6%28.2%18.6%22.6%
IV Percentile24.0%6.7%46.8%22.2%32.5%
Term Structure-7.6%-19.4%26.6%-2.2%-17.9%
VWIV121.1%103.8%138.5%111.9%128.4%
Skew 25d4.2%-30.8%48.6%48.6%-27.8%
Skew 10d19.0%-6.9%56.0%8.2%-6.9%
Call IV 25d115.8%67.6%146.9%67.6%126.3%
Put IV 25d120.0%98.5%149.9%116.2%98.5%
Bid-Ask Spread %27.4212.2851.6922.7315.14
Gamma HHI0.470.410.700.460.43
Net GEX107.3K66.4K244.1K69.0K150.0K
Net DEX-8.1M-12.4M-4.7M-5.2M-12.4M
Net VEX-57.8K-66.0K-50.1K-51.6K-66.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.190.021.520.320.03
Total Volume5,230.04896918,4862,41218,486
Total OI172,808.524164,353183,475165,825183,475

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$1.58$1.50120.8%34.6%104.8%18.6%111.9%48.6%-2.2%69.0K-5.2M-51.6K0.3222.73N/AN/A1,826586126,19339,632
2025-09-03$1.52$1.50118.4%33.9%104.0%17.5%116.2%35.6%1.0%66.4K-4.7M-50.1K0.3317.88N/AN/A963316127,08239,827
2025-09-04$1.58$1.00115.8%34.2%102.3%16.4%118.0%-19.8%-4.1%71.3K-5.0M-51.3K0.1820.78N/AN/A953173127,32939,947
2025-09-05$1.60$1.00109.0%34.3%98.6%13.4%118.5%5.7%-11.5%73.1K-4.9M-50.5K0.2751.69N/AN/A1,817491127,36939,826
2025-09-08$1.88$1.50121.6%33.9%114.1%18.9%118.5%25.0%-9.8%98.1K-8.6M-59.1K0.1628.47N/AN/A9,7351,530127,99039,874
2025-09-09$1.87$1.50107.4%34.3%113.6%12.8%122.3%-6.1%-8.9%101.2K-8.6M-60.6K0.1025.04N/AN/A4,596479131,50341,076
2025-09-10$1.73$1.50113.0%32.4%114.6%15.2%128.0%-30.8%-1.9%89.6K-6.9M-56.4K0.0930.01N/AN/A2,089179132,62641,022
2025-09-11$1.87$1.50117.6%33.7%104.4%17.2%116.2%-7.8%-9.9%105.4K-8.2M-58.5K1.5222.90N/AN/A2,0943,182133,61441,081
2025-09-12$1.87$1.50124.5%35.7%103.0%20.2%128.7%-10.2%-16.8%106.0K-9.0M-60.9K0.0418.42N/AN/A3,070122134,55841,020
2025-09-15$1.83$1.50130.7%37.5%86.1%22.9%126.7%-13.2%-19.4%105.9K-9.0M-59.8K0.1316.83N/AN/A2,267294135,94841,012
2025-09-16$1.79$1.50125.1%35.9%86.5%20.4%124.9%-3.2%-16.4%85.3K-7.4M-56.8K0.0518.35N/AN/A3,633178136,41141,099
2025-09-17$1.77$1.50120.2%34.5%79.3%18.3%103.8%40.0%-5.1%85.1K-7.1M-55.7K0.2027.66N/AN/A1,232248137,07641,038
2025-09-18$1.94$1.50124.5%35.7%85.1%20.2%121.8%3.5%-6.3%159.9K-9.9M-61.5K0.0842.39N/AN/A3,258252137,26641,127
2025-09-19$2.00$1.50125.5%36.0%85.5%20.6%126.9%-6.7%-15.1%244.1K-11.3M-62.8K0.0323.23N/AN/A9,273248138,29741,210
2025-09-22$2.00$1.50120.4%34.5%85.5%18.4%105.0%33.0%-3.3%107.8K-10.5M-62.6K0.0720.13N/AN/A6,713442127,09037,263
2025-09-23$1.94$1.50124.2%35.6%86.3%20.0%120.6%14.1%-5.4%110.2K-10.0M-62.3K0.0912.28N/AN/A5,618479130,55537,701
2025-09-24$1.77$1.50140.3%40.2%92.7%27.0%138.5%-27.1%-14.7%98.6K-7.8M-56.0K0.1536.31N/AN/A3,912576132,41237,693
2025-09-25$1.73$1.50102.4%29.4%93.1%10.6%126.0%3.3%26.6%99.5K-6.9M-54.7K0.0341.58N/AN/A4,849144133,72038,161
2025-09-26$1.69$1.50109.6%31.4%93.4%13.7%105.7%8.3%-3.9%104.4K-6.8M-54.9K0.0443.85N/AN/A92841136,31038,136
2025-09-29$1.96$1.50142.9%41.0%106.7%28.2%137.5%23.2%-14.1%121.6K-10.4M-62.2K0.0240.10N/AN/A12,255304136,27038,140
2025-09-30$2.04$1.50130.0%37.3%104.6%22.6%128.4%-27.8%-17.9%150.0K-12.4M-66.0K0.0315.14N/AN/A17,918568145,19238,283