IT Options History — October 2025

In October 2025, IT traded between $235.20 and $259.67. ATM implied volatility averaged 51.3%, placing in the 65.5% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 9.9% (HV 20d: 41.4%). Max pain ranged from $240.00 to $260.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.99.

Notable Days

  • 2025-10-21: Highest Volume — 1,639 contracts
  • 2025-10-29: Largest IV spike — 8.2% change
  • 2025-10-29: Highest IV Rank — 95.1%
  • 2025-10-29: Largest Expected Move — 19.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$248.45$235.20$259.67$248.64$249.23
Max Pain$250.43$240.00$260.00$240.00$250.00
ATM IV51.3%37.3%66.5%39.1%64.7%
Expected Move15.3%10.7%19.1%11.2%18.6%
HV 20d41.4%34.2%49.3%41.0%43.2%
HV 60d71.2%38.2%78.0%74.4%38.2%
IV Rank65.5%38.3%95.1%41.9%91.7%
IV Percentile93.4%79.8%99.6%84.5%99.2%
Term Structure-5.1%-13.5%10.5%8.0%-10.2%
VWIV53.5%37.6%68.3%42.5%68.3%
Skew 25d3.7%0.7%8.0%3.9%4.9%
Skew 10d8.5%-1.3%26.1%8.8%8.0%
Call IV 25d51.1%36.4%63.9%38.1%62.9%
Put IV 25d54.8%39.1%67.9%42.0%67.9%
Bid-Ask Spread %61.2152.2181.3979.2557.94
Gamma HHI0.100.090.130.110.09
Net GEX625.9K-475.0K1.3M708.4K800.1K
Net DEX-12.6M-26.9M8.0M-11.9M-16.1M
Net VEX-281.8K-321.4K-246.0K-263.0K-314.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.213.121.173.12
Total Volume270.261631,639531107
Total OI8,966.9577,8509,6458,0929,645

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-10-01$248.64$240.0039.1%11.2%41.0%41.9%42.5%3.9%8.0%708.4K-11.9M-263.0K1.1779.252452864,8583,234
2025-10-02$258.12$240.0037.6%10.8%39.6%38.9%38.1%2.6%10.5%1.2M-23.4M-276.0K0.9281.3975694,9993,325
2025-10-03$259.50$240.0037.3%10.7%38.1%38.3%37.6%2.7%8.8%1.3M-26.9M-274.4K2.4880.76801985,0253,377
2025-10-06$257.94$260.0039.6%13.8%38.2%42.9%47.5%0.7%-2.8%1.3M-24.9M-275.1K1.0652.2165695,0603,572
2025-10-07$245.89$260.0039.5%13.8%42.2%42.6%48.1%1.1%-3.9%568.9K-8.9M-271.1K0.8958.751431275,0773,606
2025-10-08$244.69$260.0041.8%14.2%36.9%47.1%49.1%2.9%-4.6%456.3K-5.4M-269.2K0.8652.531521315,1553,711
2025-10-09$244.75$260.0042.4%14.7%35.1%48.2%50.4%2.9%-4.6%458.9K-6.2M-269.2K0.2252.54143325,2403,731
2025-10-10$240.56$250.0044.4%14.5%34.2%52.1%50.8%2.6%-3.8%212.1K-1.6M-266.9K0.9159.0133305,3243,749
2025-10-13$245.13$250.0047.7%14.8%34.8%58.5%51.6%3.8%-4.5%435.3K-5.1M-260.6K3.0353.9231945,3283,748
2025-10-14$247.10$250.0048.2%15.3%34.9%59.5%52.9%2.9%-7.3%667.3K-9.6M-260.0K0.3960.02128505,3383,781
2025-10-15$235.20$250.0051.4%14.7%38.5%65.8%51.6%3.5%-4.6%-475.0K8.0M-246.0K0.6353.831971255,3383,806
2025-10-16$236.48$250.0054.8%15.7%38.6%72.5%52.5%8.0%-5.7%-465.0K6.1M-252.0K0.5360.21160845,4813,851
2025-10-17$236.29$250.0053.7%15.4%38.2%70.2%52.9%3.4%-5.1%75.9K6.8M-253.4K0.4655.722581185,5553,865
2025-10-20$239.28$250.0055.5%15.9%37.4%73.7%54.1%4.8%-6.7%151.6K-1.2M-257.2K1.3256.36811074,5643,286
2025-10-21$259.67$250.0054.9%15.7%48.0%72.7%54.7%5.7%-9.6%665.6K-20.2M-275.2K0.2157.341,3582814,6123,360
2025-10-22$252.56$250.0056.4%16.2%48.4%75.6%55.1%1.7%-8.7%991.8K-22.5M-311.7K0.3561.65172605,7083,486
2025-10-23$251.21$250.0058.7%16.8%48.4%80.0%57.7%5.3%-8.6%925.1K-20.6M-312.0K0.3859.8398375,7513,515
2025-10-24$251.00$250.0058.5%16.8%48.4%79.5%60.1%4.3%-9.3%926.7K-20.8M-311.2K0.6062.0177465,7803,528
2025-10-27$256.89$250.0061.2%17.5%49.2%84.8%61.6%6.3%-9.3%1.0M-26.8M-311.4K1.5659.301292015,6763,550
2025-10-28$254.66$250.0061.4%17.6%49.3%85.3%61.4%3.2%-8.5%950.8K-23.2M-321.4K0.6464.2973475,7683,729
2025-10-29$251.39$250.0066.5%19.1%45.2%95.1%65.8%4.1%-13.5%843.4K-19.3M-318.8K0.4968.4170345,8213,747
2025-10-30$248.12$250.0064.2%18.4%43.2%90.8%66.1%3.6%-12.8%757.1K-16.3M-311.7K0.4960.6577385,8273,753
2025-10-31$249.23$250.0064.7%18.6%43.2%91.7%68.3%4.9%-10.2%800.1K-16.1M-314.6K3.1257.9426815,8863,759