IT Options History — August 2025

In August 2025, IT traded between $226.71 and $336.34. ATM implied volatility averaged 36.4%, placing in the 36.6% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 73.3% (HV 20d: 109.6%). Max pain ranged from $230.00 to $400.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.94.

Notable Days

  • 2025-08-05: Highest Volume — 8,135 contracts
  • 2025-08-05: Largest IV drop — 17.9% change
  • 2025-08-04: Highest IV Rank — 67.0%
  • 2025-08-01: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$249.25$226.71$336.34$327.14$250.63
Max Pain$253.33$230.00$400.00$370.00$230.00
ATM IV36.4%32.4%52.0%48.9%33.1%
Expected Move9.9%9.3%14.0%14.0%9.5%
HV 20d109.6%21.3%121.7%21.3%121.7%
HV 60d65.6%20.6%71.4%20.6%71.4%
IV Rank36.6%28.8%67.0%60.9%30.2%
IV Percentile76.4%67.9%98.0%94.4%67.9%
Term Structure0.6%-12.8%5.0%-12.8%1.3%
VWIV34.5%32.6%45.0%45.0%34.2%
Skew 25d2.9%1.3%5.6%5.6%2.8%
Skew 10d4.1%-0.6%12.4%12.4%3.9%
Call IV 25d33.7%31.5%48.0%48.0%32.4%
Put IV 25d36.6%34.4%53.6%53.6%35.2%
Bid-Ask Spread %85.7268.6389.3768.6387.57
Gamma HHI0.230.120.740.120.18
Net GEX883.6K-11.8M2.7M-389.3K2.7M
Net DEX-16.1M-52.0M88.4M39.7M-52.0M
Net VEX-223.8K-311.0K-23.7K-92.6K-309.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.182.940.651.20
Total Volume1,666.6191498,1352,699180
Total OI11,129.9055,05214,4325,05212,277

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$327.14$370.0048.9%14.0%21.3%60.9%45.0%5.6%-12.8%-389.3K39.7M-92.6K0.6568.631,6401,0593,1861,866
2025-08-04$336.34$400.0052.0%10.0%25.2%67.0%35.0%5.1%-1.1%277.2K25.8M-127.1K2.9483.118892,6114,7871,890
2025-08-05$243.19$390.0042.7%11.2%114.6%48.9%37.9%1.7%-0.1%-246.3K88.4M-23.7K1.8382.962,8755,2605,5823,775
2025-08-06$244.19$240.0036.7%9.5%115.0%37.3%33.5%1.3%3.5%871.5K16.4M-107.1K0.8485.901,1119287,8721,707
2025-08-07$230.65$240.0034.5%9.7%115.5%32.9%33.7%2.9%2.3%431.2K11.4M-93.9K0.8383.482,8792,3967,9681,302
2025-08-08$227.40$230.0035.2%9.6%115.6%34.3%33.2%3.2%5.0%846.4K2.7M-164.4K0.1986.331,9623779,7721,655
2025-08-11$226.71$230.0041.1%10.1%115.7%45.8%34.7%2.1%0.9%1.6M-8.6M-199.7K1.0088.2274274210,8571,816
2025-08-12$228.15$230.0037.3%9.5%116.1%38.4%33.9%1.7%2.2%1.4M-9.0M-211.3K0.6485.2836323211,1882,084
2025-08-13$241.62$230.0033.7%9.7%119.2%31.4%33.7%4.9%-0.1%1.4M-36.6M-240.7K1.0186.5863263911,3962,246
2025-08-14$243.34$230.0033.6%9.6%119.4%31.1%33.0%2.7%1.0%-53.2K-37.8M-244.8K0.4686.9554225211,3332,727
2025-08-15$239.38$230.0033.5%9.6%119.4%31.0%33.6%2.7%0.5%-11.8M-20.2M-251.8K2.4787.414981,23211,5262,906
2025-08-18$237.96$230.0033.7%9.7%119.4%31.4%34.8%2.3%0.9%2.1M-29.5M-257.9K1.0285.293463547,8232,122
2025-08-19$243.04$230.0033.9%9.7%119.9%31.8%32.9%2.4%0.6%2.3M-38.6M-270.2K0.5987.256593928,0322,266
2025-08-20$244.55$230.0033.7%9.7%120.0%31.5%33.5%2.7%0.9%2.4M-41.4M-287.9K0.1986.338791678,3092,537
2025-08-21$244.32$230.0034.6%9.9%120.0%33.1%34.7%2.9%0.3%2.4M-42.2M-299.8K0.9686.961411358,7832,627
2025-08-22$248.68$230.0032.4%9.3%120.5%28.8%32.6%3.6%1.7%2.6M-51.8M-300.9K0.4987.535292598,8672,665
2025-08-25$241.75$230.0033.0%9.5%120.5%30.0%33.8%3.0%1.6%2.3M-34.3M-289.3K1.1189.372372638,8442,818
2025-08-26$242.21$230.0034.1%9.8%120.7%32.2%34.0%2.6%0.4%2.3M-33.8M-305.8K0.3888.16108418,9233,114
2025-08-27$246.01$230.0033.0%9.5%121.3%30.0%33.8%3.3%1.6%2.5M-41.8M-310.7K0.7187.9096688,9503,144
2025-08-28$246.99$230.0033.2%9.5%121.5%30.3%34.1%1.9%1.5%2.6M-44.9M-311.0K0.1888.86240448,9993,187
2025-08-29$250.63$230.0033.1%9.5%121.7%30.2%34.2%2.8%1.3%2.7M-52.0M-309.4K1.2087.5782989,0653,212