IT Options History — July 2025

In July 2025, IT traded between $339.64 and $406.15. ATM implied volatility averaged 35.2%, placing in the 34.2% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 13.5% (HV 20d: 21.7%). Max pain ranged from $380.00 to $430.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 5.89.

Notable Days

  • 2025-07-14: Highest Volume — 2,184 contracts
  • 2025-07-09: Largest IV spike — 35.6% change
  • 2025-07-30: Highest IV Rank — 49.5%
  • 2025-07-30: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$369.88$339.64$406.15$406.15$339.64
Max Pain$391.82$380.00$430.00$430.00$380.00
ATM IV35.2%21.4%43.0%23.9%42.9%
Expected Move10.5%6.9%12.3%6.9%12.3%
HV 20d21.7%18.6%24.4%18.6%20.1%
HV 60d22.4%19.5%30.4%30.4%19.6%
IV Rank34.2%7.4%49.5%12.3%49.2%
IV Percentile76.8%26.6%88.9%47.2%88.5%
Term Structure-4.0%-10.0%7.3%7.3%-9.9%
VWIV36.2%24.3%43.6%24.3%43.6%
Skew 25d3.3%1.4%5.3%2.7%3.5%
Skew 10d9.6%3.3%24.2%4.4%6.4%
Call IV 25d34.9%21.9%42.1%21.9%42.1%
Put IV 25d38.2%24.6%45.5%24.6%45.5%
Bid-Ask Spread %74.5564.3791.8391.5273.64
Gamma HHI0.290.150.500.390.19
Net GEX-2.0M-3.5M-885.1K-2.9M-885.1K
Net DEX45.3M29.1M66.8M29.1M37.3M
Net VEX-136.9K-206.3K-100.3K-206.3K-107.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.890.0041.060.520.01
Total Volume418.091122,18450561
Total OI4,809.8184,3275,4194,8024,530

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$406.15$430.0023.9%6.9%18.6%12.3%24.3%2.7%7.3%-2.9M29.1M-206.3K0.5291.5233172,4152,387
2025-07-02$396.70$430.0026.3%7.5%19.8%17.0%26.1%2.0%7.2%-2.7M41.9M-180.9K3.7891.8323872,4302,392
2025-07-03$401.50$400.0021.4%9.5%20.6%7.4%36.1%3.8%-3.2%-3.4M39.3M-176.7K0.3368.16932,4402,453
2025-07-07$397.74$400.0025.3%9.7%20.2%15.1%32.9%4.1%-2.6%-3.1M43.3M-169.6K8.7164.377612,4402,455
2025-07-08$399.87$400.0025.4%9.8%20.4%15.2%32.2%4.1%-3.9%-3.5M41.6M-181.1K0.0264.40483112,4442,515
2025-07-09$393.74$400.0034.4%9.9%20.8%32.7%33.7%3.7%-3.2%-2.8M48.6M-170.4K1.9075.7610192,6282,525
2025-07-10$388.16$400.0034.7%10.0%21.1%33.4%34.9%4.1%-4.1%-2.2M53.0M-157.7K0.3567.211762,6332,511
2025-07-11$376.03$400.0036.2%10.4%22.6%36.2%36.0%4.2%-4.5%-1.8M58.4M-128.1K1.7372.99821422,6452,431
2025-07-14$372.61$400.0036.8%10.6%22.6%37.4%36.4%3.5%-3.8%-1.5M60.8M-113.9K38.7167.72552,1292,6872,421
2025-07-15$359.74$400.0036.2%10.4%24.4%36.2%36.8%3.3%-3.5%-1.7M66.8M-100.3K2.3170.22681572,6992,472
2025-07-16$362.55$380.0037.9%10.9%23.9%39.5%39.5%5.3%-5.4%-1.8M60.9M-106.8K0.8168.5372582,7662,410
2025-07-17$361.80$380.0037.2%10.7%23.9%38.2%36.1%3.5%-4.1%-1.1M58.0M-108.5K19.8573.68851,6872,8092,365
2025-07-18$356.19$380.0039.1%11.2%24.1%42.0%37.2%3.9%-4.4%-2.9M62.3M-100.5K41.0683.67471,9302,8732,546
2025-07-21$352.96$380.0038.9%11.1%23.0%41.4%38.0%3.5%-5.0%-1.9M44.6M-128.8K0.4073.07103412,3102,229
2025-07-22$356.38$380.0037.0%10.6%22.5%37.7%36.3%1.9%-2.8%-1.9M41.9M-136.2K6.1177.55462812,3912,229
2025-07-23$356.99$380.0037.8%10.8%21.6%39.4%35.5%4.0%-3.9%-1.5M34.2M-130.7K0.3876.82120452,4221,957
2025-07-24$355.61$380.0038.2%11.0%21.2%40.2%37.7%1.4%-5.6%-1.5M35.5M-123.7K0.0078.055702,3401,987
2025-07-25$357.46$380.0038.6%11.1%21.6%40.9%38.8%3.4%-5.3%-1.5M33.1M-132.9K0.6176.4818112,3901,986
2025-07-28$353.50$380.0041.5%11.9%21.7%46.5%41.8%2.4%-9.5%-1.4M35.2M-123.5K1.5975.141502392,4001,992
2025-07-29$349.12$380.0041.2%11.8%21.2%46.0%40.3%2.1%-7.2%-1.1M33.0M-117.5K0.2274.54103232,5351,864
2025-07-30$342.89$380.0043.0%12.3%20.9%49.5%43.2%2.9%-10.0%-990.5K36.7M-110.7K0.1274.7291112,5581,904
2025-07-31$339.64$380.0042.9%12.3%20.1%49.2%43.6%3.5%-9.9%-885.1K37.3M-107.6K0.0173.6455832,6421,888