IPOS Options History — July 2025

In July 2025, IPOS traded between $14.46 and $15.91. ATM implied volatility averaged 47.8%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 23.8% (HV 20d: 24.0%). Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days.

Notable Days

  • 2025-07-23: Largest IV spike — 58.2% change
  • 2025-07-08: Highest IV Rank — 18.9%
  • 2025-07-02: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.06$14.46$15.91$14.49$15.50
ATM IV47.8%24.4%67.4%61.7%25.9%
Expected Move12.8%7.0%18.3%17.7%7.4%
HV 20d24.0%20.8%30.4%30.4%23.9%
HV 60d26.9%23.5%39.8%39.8%24.1%
IV Rank9.6%0.0%18.9%15.5%0.9%
IV Percentile17.2%0.0%57.1%38.1%0.4%
Term Structure-12.1%-23.0%12.1%-21.1%12.1%
Skew 25d0.5%-17.0%14.2%1.0%-0.1%
Skew 10d8.8%0.6%30.8%5.5%0.6%
Call IV 25d50.4%28.2%70.5%67.7%34.3%
Put IV 25d50.8%27.4%71.3%68.7%34.3%
Bid-Ask Spread %150.01139.03162.57161.53142.81
Gamma HHI1.001.001.001.001.00
Net GEX348209472277444
Net DEX-4.2K-6.3K-2.8K-2.9K-4.8K
Net VEX-39-46-30-31-41
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1010101010

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$14.49$0.0061.7%17.7%30.4%15.5%0.0%1.0%-21.1%277-2.9K-310.00161.53N/AN/A00100
2025-07-02$14.46$0.0063.8%18.3%30.3%16.7%0.0%0.7%-23.0%272-2.8K-300.00162.57N/AN/A00100
2025-07-03$14.47$0.0065.6%12.6%26.5%17.8%0.0%1.0%-13.2%209-5.0K-420.00152.49N/AN/A00100
2025-07-07$14.64$0.0063.1%11.5%25.8%16.3%0.0%1.8%-11.7%292-3.4K-360.00153.94N/AN/A00100
2025-07-08$14.73$0.0067.4%11.6%25.6%18.9%0.0%1.1%-10.2%309-3.3K-370.00152.78N/AN/A00100
2025-07-09$14.98$0.0041.5%11.9%26.1%3.3%0.0%0.9%-12.3%340-4.0K-400.00152.10N/AN/A00100
2025-07-10$15.03$0.0042.0%12.0%26.1%3.6%0.0%0.9%-13.1%349-4.0K-400.00149.91N/AN/A00100
2025-07-11$14.96$0.0041.3%11.8%21.6%3.2%0.0%2.0%-10.8%335-4.0K-390.00152.21N/AN/A00100
2025-07-14$15.28$0.0041.2%11.8%21.9%3.1%0.0%-17.0%-11.4%410-4.2K-400.00150.54N/AN/A00100
2025-07-15$14.88$0.0042.5%12.2%22.4%3.9%0.0%0.2%-13.6%315-4.0K-380.00150.96N/AN/A00100
2025-07-16$14.87$0.0044.0%12.6%22.4%4.8%0.0%1.7%-14.3%324-3.7K-360.00151.74N/AN/A00100
2025-07-17$14.90$0.0044.7%12.8%22.0%5.2%0.0%0.3%-9.3%324-3.9K-390.00151.75N/AN/A00100
2025-07-18$15.21$0.0032.1%9.2%22.9%0.0%0.0%-1.0%-8.2%397-4.0K-400.00144.74N/AN/A00100
2025-07-21$15.20$0.0047.6%13.6%21.9%9.1%0.0%1.2%-12.1%374-4.3K-380.00151.72N/AN/A00100
2025-07-22$15.03$0.0024.4%7.0%20.8%0.0%0.0%-0.8%8.5%332-4.3K-410.00143.70N/AN/A00100
2025-07-23$15.27$0.0038.6%11.1%21.3%8.0%0.0%-1.3%-16.1%362-4.8K-400.00139.03N/AN/A00100
2025-07-24$15.46$0.0052.5%15.1%21.4%15.8%0.0%0.9%-15.8%383-5.3K-430.00148.34N/AN/A00100
2025-07-25$15.91$0.0045.1%12.9%22.1%11.6%0.0%14.2%-13.0%472-6.3K-460.00148.27N/AN/A00100
2025-07-28$15.48$0.0053.2%15.3%24.9%16.2%0.0%2.8%-15.1%416-5.0K-400.00146.40N/AN/A00100
2025-07-29$15.30$0.0056.4%16.2%24.6%18.0%0.0%-0.2%-19.7%358-4.9K-420.00147.39N/AN/A00100
2025-07-30$15.26$0.0057.3%16.4%23.6%18.5%0.0%-0.1%-22.1%366-4.7K-400.00145.28N/AN/A00100
2025-07-31$15.50$0.0025.9%7.4%23.9%0.9%0.0%-0.1%12.1%444-4.8K-410.00142.81N/AN/A00100