IYE Options History — January 2025

In January 2025, IYE traded between $46.20 and $50.00. ATM implied volatility averaged 17.5%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 0.6% (HV 20d: 16.9%). Max pain ranged from $46.00 to $47.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 10.83.

Notable Days

2025-01-23: Highest Volume — 304 contracts
2025-01-06: Largest IV spike — 68.0% change
2025-01-14: Highest IV Rank — 37.5%
2025-01-06: Largest Expected Move — 7.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.85	$46.20	$50.00	$46.20	$46.47
Max Pain	$46.55	$46.00	$47.00	$47.00	$47.00
ATM IV	17.5%	13.5%	23.9%	18.3%	18.1%
Expected Move	5.2%	3.9%	7.0%	5.2%	5.2%
HV 20d	16.9%	13.2%	19.9%	19.6%	18.2%
HV 60d	18.9%	18.3%	19.5%	19.2%	19.5%
IV Rank	20.8%	10.4%	37.5%	22.8%	22.5%
IV Percentile	37.7%	6.7%	88.1%	42.5%	46.4%
Term Structure	1.9%	-4.9%	11.6%	5.5%	1.8%
VWIV	16.0%	9.1%	26.9%	20.0%	22.5%
Skew 25d	3.1%	-2.6%	11.4%	-2.6%	0.9%
Skew 10d	0.5%	-5.4%	3.0%	2.0%	0.7%
Call IV 25d	12.1%	10.6%	15.0%	15.0%	12.4%
Put IV 25d	15.2%	9.7%	24.3%	12.5%	13.3%
Bid-Ask Spread %	114.98	105.96	129.83	120.40	112.38
Gamma HHI	0.30	0.23	0.60	0.32	0.28
Net GEX	19.1K	-2.8K	53.7K	22.6K	-2.8K
Net DEX	-243.5K	-507.9K	-38.4K	-198.2K	-38.4K
Net VEX	-1.1K	-1.2K	-921	-1.1K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	10.83	0.00	100.33	0.00	0.00
Total Volume	21.8	0	304	1	0
Total OI	410.6	172	517	392	517

Daily Data (20 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
2025-01-02	$46.20	$47.00	18.3%	5.2%	19.6%	22.8%	20.0%	-2.6%	5.5%	22.6K	-198.2K	-1.1K	0.00	120.40	N/A	N/A	1	0	179	213
2025-01-03	$46.56	$47.00	13.7%	3.9%	18.1%	10.8%	0.0%	0.8%	9.3%	25.7K	-193.8K	-965	0.00	116.92	N/A	N/A	0	0	180	213
2025-01-06	$46.28	$46.00	22.9%	7.0%	17.8%	35.0%	0.0%	11.4%	-4.9%	23.3K	-181.7K	-921	0.00	114.63	N/A	N/A	0	0	180	213
2025-01-07	$46.80	$46.00	13.7%	5.2%	17.3%	10.8%	0.0%	4.4%	-2.4%	26.5K	-213.1K	-933	15.00	129.83	N/A	N/A	1	15	180	213
2025-01-08	$46.73	$46.00	13.5%	5.6%	17.3%	10.4%	0.0%	8.8%	0.7%	21.5K	-202.6K	-1.0K	0.00	112.90	N/A	N/A	0	0	180	228
2025-01-10	$46.91	$46.00	16.5%	6.2%	17.3%	18.3%	21.9%	6.8%	-0.2%	22.4K	-208.1K	-946	5.00	111.03	N/A	N/A	2	10	180	228
2025-01-13	$47.91	$46.00	18.0%	5.3%	19.1%	22.2%	12.7%	3.7%	2.3%	30.5K	-312.9K	-950	0.00	108.05	N/A	N/A	13	0	182	238
2025-01-14	$48.36	$46.00	23.9%	5.5%	19.2%	37.5%	15.3%	8.6%	3.4%	34.3K	-377.7K	-1.0K	0.00	105.96	N/A	N/A	4	0	195	238
2025-01-15	$49.27	$46.00	18.6%	5.3%	19.9%	23.8%	17.3%	0.8%	0.8%	35.3K	-468.1K	-1.0K	0.00	109.13	N/A	N/A	4	0	201	238
2025-01-16	$49.58	$46.00	15.2%	4.3%	17.8%	14.7%	9.3%	9.7%	11.6%	36.8K	-507.9K	-1.0K	0.09	117.08	N/A	N/A	11	1	203	238
2025-01-17	$50.00	$46.00	18.1%	5.2%	16.6%	22.4%	12.4%	0.0%	2.0%	53.7K	-479.6K	-1.0K	12.50	116.00	N/A	N/A	2	25	192	239
2025-01-21	$49.45	$47.00	15.8%	4.5%	13.2%	16.3%	12.5%	-0.8%	2.4%	17.1K	-287.0K	-1.0K	5.25	107.16	N/A	N/A	4	21	145	27
2025-01-22	$48.86	$47.00	15.8%	4.5%	14.0%	16.5%	9.1%	-1.7%	3.5%	10.6K	-244.9K	-1.2K	2.67	114.70	N/A	N/A	3	8	148	48
2025-01-23	$48.80	$47.00	16.6%	4.8%	14.2%	18.4%	26.9%	2.0%	3.0%	10.7K	-242.0K	-1.1K	100.33	115.30	N/A	N/A	3	301	151	58
2025-01-24	$48.36	$47.00	14.4%	4.1%	15.0%	12.7%	0.0%	-0.4%	-0.2%	6.8K	-200.1K	-1.2K	0.00	119.80	N/A	N/A	0	0	154	359
2025-01-27	$47.84	$47.00	21.5%	6.2%	15.8%	31.1%	0.0%	8.7%	-0.9%	3.9K	-149.9K	-1.2K	0.00	114.72	N/A	N/A	0	0	154	359
2025-01-28	$47.53	$47.00	16.2%	4.6%	16.0%	17.4%	0.0%	0.7%	3.8%	-887	-140.5K	-1.2K	0.00	121.62	N/A	N/A	0	0	154	359
2025-01-29	$47.45	$47.00	16.6%	4.8%	16.0%	18.6%	12.0%	0.1%	-2.0%	645	-104.3K	-1.1K	0.00	120.53	N/A	N/A	3	0	154	359
2025-01-30	$47.56	$47.00	22.4%	6.4%	16.0%	33.7%	22.5%	0.2%	-0.8%	2.5K	-118.8K	-1.2K	0.00	111.42	N/A	N/A	4	0	156	359
2025-01-31	$46.47	$47.00	18.1%	5.2%	18.2%	22.5%	0.0%	0.9%	1.8%	-2.8K	-38.4K	-1.1K	0.00	112.38	N/A	N/A	0	0	158	359