INVZ Options History — October 2025

In October 2025, INVZ traded between $1.88 and $2.38. ATM implied volatility averaged 116.0%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 34.3%. IV traded above realized volatility by 24.6% (HV 20d: 91.4%). Max pain ranged from $1.50 to $2.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.38.

Notable Days

2025-10-03: Highest Volume — 21,837 contracts
2025-10-29: Largest IV spike — 26.9% change
2025-10-06: Highest IV Rank — 23.0%
2025-10-29: Largest Expected Move — 38.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.12	$1.88	$2.38	$1.98	$1.88
Max Pain	$1.91	$1.50	$2.00	$1.50	$2.00
ATM IV	116.0%	97.1%	133.3%	128.2%	125.7%
Expected Move	34.3%	29.5%	38.2%	36.8%	36.0%
HV 20d	91.4%	60.5%	109.6%	104.0%	60.5%
HV 60d	98.4%	92.6%	102.1%	101.4%	92.6%
IV Rank	15.9%	8.3%	23.0%	21.8%	19.5%
IV Percentile	17.5%	3.2%	38.5%	31.3%	30.6%
Term Structure	-3.4%	-62.4%	44.7%	-6.1%	-62.4%
VWIV	119.8%	99.5%	128.8%	126.4%	126.0%
Skew 25d	-10.6%	-42.4%	54.3%	-42.4%	-4.2%
Skew 10d	0.8%	-105.7%	60.9%	-23.2%	38.1%
Call IV 25d	113.8%	81.0%	136.8%	136.2%	134.9%
Put IV 25d	103.2%	79.6%	139.9%	93.8%	130.7%
Bid-Ask Spread %	52.85	21.58	81.96	25.14	73.69
Gamma HHI	0.35	0.28	0.48	0.43	0.35
Net GEX	148.7K	86.8K	239.2K	154.2K	95.3K
Net DEX	-13.0M	-20.1M	-7.7M	-11.8M	-7.9M
Net VEX	-65.7K	-76.7K	-56.4K	-66.3K	-59.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.38	0.01	2.94	0.04	2.94
Total Volume	5,582.043	708	21,837	3,643	4,327
Total OI	185,013.435	163,174	201,743	190,696	183,298

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	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-10-01	$1.98	$1.50	128.2%	36.8%	104.0%	21.8%	126.4%	-42.4%	-6.1%	154.2K	-11.8M	-66.3K	0.04	25.14	N/A	N/A	3,500	143	152,068	38,628
2025-10-02	$2.10	$1.50	103.0%	29.5%	104.9%	10.8%	104.5%	-21.7%	13.2%	181.5K	-13.8M	-69.2K	0.17	21.58	N/A	N/A	2,781	481	151,601	38,738
2025-10-03	$2.33	$1.50	115.9%	33.2%	109.6%	16.4%	128.8%	54.3%	9.0%	195.4K	-17.8M	-72.9K	0.06	22.59	N/A	N/A	20,595	1,242	152,410	38,952
2025-10-06	$2.38	$1.50	131.0%	34.4%	95.9%	23.0%	113.9%	-7.5%	-10.8%	193.2K	-20.1M	-76.7K	0.17	40.79	N/A	N/A	5,151	860	157,099	39,730
2025-10-07	$2.37	$2.00	118.4%	34.7%	95.9%	17.5%	121.9%	-2.9%	-5.3%	205.0K	-19.4M	-74.9K	0.07	41.01	N/A	N/A	7,007	476	156,725	40,062
2025-10-08	$2.25	$2.00	101.6%	34.1%	93.1%	10.2%	123.4%	-5.3%	-5.2%	207.2K	-16.9M	-72.0K	0.19	41.93	N/A	N/A	2,396	462	156,142	40,346
2025-10-09	$2.16	$2.00	97.1%	34.8%	91.7%	8.3%	122.2%	-26.7%	-10.6%	196.7K	-14.9M	-69.5K	0.07	41.59	N/A	N/A	3,391	224	156,105	40,697
2025-10-10	$2.12	$2.00	111.3%	34.6%	92.1%	14.4%	123.8%	-23.5%	-14.4%	207.3K	-14.0M	-68.2K	0.09	53.23	N/A	N/A	4,247	373	154,673	40,653
2025-10-13	$2.19	$2.00	107.7%	35.0%	91.9%	12.9%	121.4%	-14.7%	-17.3%	220.7K	-15.2M	-66.8K	0.15	48.94	N/A	N/A	3,111	482	154,626	40,761
2025-10-14	$2.38	$2.00	104.0%	36.7%	94.8%	11.2%	124.0%	39.9%	-9.8%	190.4K	-19.8M	-70.8K	0.04	47.69	N/A	N/A	9,067	321	154,735	41,056
2025-10-15	$2.31	$2.00	121.8%	34.9%	95.6%	19.0%	125.9%	28.4%	-9.1%	200.8K	-19.0M	-70.5K	0.07	40.16	N/A	N/A	12,811	874	159,258	41,119
2025-10-16	$2.13	$2.00	129.2%	37.0%	96.5%	21.1%	121.8%	-26.4%	2.4%	239.2K	-14.7M	-65.5K	0.16	45.05	N/A	N/A	2,726	440	158,859	41,829
2025-10-17	$2.13	$2.00	121.9%	34.9%	96.1%	17.9%	125.9%	-38.9%	-7.2%	94.7K	-15.0M	-64.3K	0.07	59.81	N/A	N/A	4,988	372	159,687	42,056
2025-10-20	$2.21	$2.00	116.7%	33.4%	96.8%	15.6%	115.9%	-11.0%	-47.7%	100.3K	-11.5M	-66.5K	0.32	50.70	N/A	N/A	1,745	558	125,906	37,268
2025-10-21	$2.08	$2.00	120.8%	34.6%	98.8%	17.4%	124.0%	-36.0%	23.1%	95.8K	-9.8M	-63.5K	2.77	47.06	N/A	N/A	2,314	6,411	127,091	37,669
2025-10-22	$1.98	$2.00	116.0%	33.3%	94.5%	15.3%	121.0%	-24.7%	5.3%	90.3K	-8.0M	-60.4K	0.29	62.37	N/A	N/A	2,520	729	128,283	39,686
2025-10-23	$1.98	$2.00	123.6%	35.4%	93.9%	18.6%	124.4%	-10.1%	-1.3%	89.6K	-9.0M	-61.0K	0.24	76.21	N/A	N/A	569	139	128,564	40,123
2025-10-24	$2.01	$2.00	113.5%	32.5%	93.2%	14.2%	99.5%	0.0%	44.7%	93.0K	-8.7M	-61.3K	0.01	75.49	N/A	N/A	5,341	62	129,084	40,257
2025-10-27	$2.02	$2.00	119.4%	34.2%	77.3%	16.8%	111.3%	-22.8%	-3.3%	97.9K	-8.8M	-59.3K	0.26	68.35	N/A	N/A	920	235	130,908	40,275
2025-10-28	$1.96	$2.00	105.0%	30.1%	76.7%	10.4%	110.2%	-25.4%	17.2%	94.9K	-7.9M	-58.2K	0.05	68.47	N/A	N/A	1,435	72	131,432	40,372
2025-10-29	$1.94	$2.00	133.3%	38.2%	76.0%	22.9%	127.4%	-36.4%	-3.0%	86.8K	-7.7M	-56.4K	0.59	81.71	N/A	N/A	1,134	672	132,280	40,424
2025-10-30	$1.90	$2.00	103.9%	29.8%	72.9%	9.9%	112.0%	13.6%	21.4%	89.1K	-7.7M	-56.6K	0.01	81.96	N/A	N/A	10,596	87	132,753	41,021
2025-10-31	$1.88	$2.00	125.7%	36.0%	60.5%	19.5%	126.0%	-4.2%	-62.4%	95.3K	-7.9M	-59.8K	2.94	73.69	N/A	N/A	1,097	3,230	142,212	41,086