INVZ Options History — December 2025

In December 2025, INVZ traded between $0.84 and $1.33. ATM implied volatility averaged 128.4%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 36.9%. IV traded above realized volatility by 67.9% (HV 20d: 60.5%). Max pain ranged from $1.50 to $2.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.62.

Notable Days

2025-12-23: Highest Volume — 21,683 contracts
2025-12-09: Largest IV spike — 90.6% change
2025-12-29: Highest IV Rank — 53.3%
2025-12-29: Largest Expected Move — 54.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.15	$0.84	$1.33	$1.23	$0.84
Max Pain	$1.93	$1.50	$2.00	$1.50	$2.00
ATM IV	128.4%	90.0%	190.7%	90.0%	179.4%
Expected Move	36.9%	25.8%	54.7%	25.8%	51.4%
HV 20d	60.5%	52.5%	67.1%	62.7%	64.2%
HV 60d	72.3%	61.7%	84.0%	84.0%	61.7%
IV Rank	22.9%	4.2%	53.3%	4.2%	47.8%
IV Percentile	33.1%	1.6%	94.4%	1.6%	89.3%
Term Structure	-1.7%	-67.7%	96.6%	52.6%	-57.4%
VWIV	137.5%	82.5%	190.8%	146.7%	181.1%
Skew 25d	1.7%	-71.5%	56.1%	-26.9%	8.9%
Skew 10d	48.1%	-25.7%	92.9%	-2.2%	24.9%
Call IV 25d	115.9%	68.0%	157.2%	130.7%	157.2%
Put IV 25d	117.6%	75.4%	174.7%	103.8%	166.0%
Bid-Ask Spread %	45.45	23.74	84.72	84.72	31.91
Gamma HHI	0.25	0.16	0.37	0.32	0.17
Net GEX	23.9K	2.0K	42.0K	28.2K	5.5K
Net DEX	1.8M	363.1K	4.0M	1.3M	3.7M
Net VEX	-25.7K	-32.9K	-16.0K	-29.3K	-16.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.62	0.01	9.42	0.24	0.07
Total Volume	2,634.909	331	21,683	1,161	1,229
Total OI	199,981.727	186,856	215,603	186,856	215,603

Daily Data (22 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
2025-12-01	$1.23	$1.50	90.0%	25.8%	62.7%	4.2%	146.7%	-26.9%	52.6%	28.2K	1.3M	-29.3K	0.24	84.72	N/A	N/A	933	228	129,186	57,670
2025-12-02	$1.25	$1.50	104.8%	30.0%	62.3%	11.4%	141.8%	-32.6%	-49.5%	30.6K	424.2K	-30.6K	0.02	49.00	N/A	N/A	4,763	99	129,850	57,678
2025-12-03	$1.31	$1.50	139.1%	39.9%	61.3%	28.1%	139.4%	-35.1%	-21.1%	34.9K	649.9K	-32.5K	0.89	66.47	N/A	N/A	1,309	1,160	133,700	57,735
2025-12-04	$1.33	$2.00	126.8%	36.3%	60.7%	22.2%	129.2%	-1.7%	29.2%	36.1K	781.0K	-32.9K	0.19	37.83	N/A	N/A	1,677	314	134,764	58,789
2025-12-05	$1.29	$2.00	125.9%	40.6%	61.0%	21.7%	137.7%	-11.6%	-25.1%	33.7K	363.1K	-32.7K	0.33	41.11	N/A	N/A	529	176	135,742	58,899
2025-12-08	$1.29	$2.00	93.5%	43.8%	61.0%	5.9%	149.1%	-71.5%	-61.5%	36.6K	659.4K	-32.5K	0.02	43.62	N/A	N/A	2,869	48	136,072	58,982
2025-12-09	$1.29	$2.00	178.2%	32.0%	60.5%	47.2%	82.5%	31.8%	42.6%	38.7K	374.0K	-31.1K	0.01	52.66	N/A	N/A	1,452	12	138,273	59,011
2025-12-10	$1.29	$2.00	115.0%	33.0%	59.6%	16.4%	139.1%	-32.3%	23.7%	42.0K	730.9K	-31.7K	0.09	43.92	N/A	N/A	397	37	139,122	59,009
2025-12-11	$1.33	$2.00	138.1%	39.6%	60.4%	27.7%	139.4%	-33.4%	-3.7%	40.6K	512.7K	-32.6K	0.02	42.47	N/A	N/A	4,830	90	139,276	58,975
2025-12-12	$1.25	$2.00	139.8%	40.1%	53.3%	28.5%	167.0%	23.8%	3.6%	29.6K	700.6K	-31.0K	0.08	53.00	N/A	N/A	2,306	177	139,760	59,024
2025-12-15	$1.19	$2.00	108.2%	31.0%	54.4%	13.1%	156.2%	-27.0%	41.4%	26.0K	1.5M	-26.8K	0.08	48.59	N/A	N/A	995	77	139,993	58,975
2025-12-16	$1.19	$2.00	117.3%	33.6%	54.5%	17.5%	140.8%	-13.8%	13.7%	23.9K	1.8M	-25.4K	0.24	48.17	N/A	N/A	390	92	140,595	58,959
2025-12-17	$1.13	$2.00	116.1%	33.3%	56.8%	16.9%	140.3%	-15.2%	-29.6%	22.9K	2.2M	-23.6K	0.03	36.36	N/A	N/A	360	11	140,606	58,962
2025-12-18	$1.15	$2.00	112.8%	32.3%	55.6%	15.3%	95.1%	21.8%	-67.7%	21.7K	2.5M	-21.9K	0.12	44.36	N/A	N/A	677	83	140,829	58,290
2025-12-19	$1.19	$2.00	100.8%	28.9%	52.5%	9.5%	120.6%	-17.7%	96.6%	23.9K	2.3M	-23.4K	0.49	35.96	N/A	N/A	1,289	633	141,300	57,986
2025-12-22	$1.08	$2.00	117.3%	33.6%	59.5%	17.5%	113.7%	56.1%	23.5%	17.8K	2.4M	-19.9K	0.33	43.42	N/A	N/A	2,081	680	135,250	57,117
2025-12-23	$0.98	$2.00	124.1%	35.6%	67.1%	20.9%	117.4%	39.1%	8.3%	15.0K	2.5M	-17.6K	9.42	23.74	N/A	N/A	2,080	19,603	136,236	57,505
2025-12-24	$0.97	$2.00	152.2%	43.6%	67.0%	34.5%	151.8%	38.7%	-23.5%	5.6K	4.0M	-19.7K	0.45	34.08	N/A	N/A	561	253	138,001	76,347
2025-12-26	$0.94	$2.00	122.1%	35.0%	66.5%	19.9%	117.2%	54.5%	-16.2%	2.0K	3.6M	-18.5K	0.22	41.99	N/A	N/A	1,183	265	138,315	76,325
2025-12-29	$0.91	$2.00	190.7%	54.7%	64.6%	53.3%	190.8%	45.2%	-39.0%	4.5K	3.3M	-18.9K	0.11	34.24	N/A	N/A	1,521	168	138,910	76,391
2025-12-30	$0.87	$2.00	132.7%	38.0%	65.1%	25.0%	127.3%	35.6%	21.9%	6.5K	3.9M	-16.0K	0.15	62.21	N/A	N/A	287	44	139,070	76,516
2025-12-31	$0.84	$2.00	179.4%	51.4%	64.2%	47.8%	181.1%	8.9%	-57.4%	5.5K	3.7M	-16.1K	0.07	31.91	N/A	N/A	1,146	83	139,060	76,543