IYE Options History — May 2025

In May 2025, IYE traded between $42.77 and $45.90. ATM implied volatility averaged 24.6%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 9.9% (HV 20d: 34.5%). Max pain ranged from $43.00 to $44.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.44.

Notable Days

2025-05-22: Highest Volume — 20 contracts
2025-05-12: Largest IV spike — 57.3% change
2025-05-01: Highest IV Rank — 47.7%
2025-05-01: Largest Expected Move — 10.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.99	$42.77	$45.90	$43.07	$43.36
Max Pain	$43.18	$43.00	$44.00	$44.00	$43.00
ATM IV	24.6%	16.9%	37.7%	37.7%	24.3%
Expected Move	7.4%	5.5%	10.8%	10.8%	7.0%
HV 20d	34.5%	19.5%	70.0%	70.0%	19.5%
HV 60d	44.0%	43.3%	44.3%	44.1%	43.3%
IV Rank	25.6%	12.5%	47.7%	47.7%	25.1%
IV Percentile	70.6%	31.0%	96.8%	96.8%	75.0%
Term Structure	-1.3%	-10.5%	8.7%	-10.5%	-4.1%
VWIV	22.3%	16.0%	25.1%	25.1%	22.7%
Skew 25d	2.3%	-4.9%	13.2%	0.3%	-0.4%
Skew 10d	3.5%	-4.7%	12.1%	12.1%	0.4%
Call IV 25d	16.6%	12.6%	25.8%	25.8%	15.9%
Put IV 25d	18.8%	15.5%	27.7%	26.1%	15.5%
Bid-Ask Spread %	104.47	98.58	109.61	101.56	108.50
Gamma HHI	0.36	0.18	0.60	0.42	0.21
Net GEX	9.5K	5.7K	15.5K	5.7K	10.1K
Net DEX	-88.7K	-148.5K	-46.7K	-46.7K	-78.1K
Net VEX	-593	-790	-490	-490	-716
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.00	3.00	0.00	0.33
Total Volume	3.714	0	20	1	1
Total OI	96.524	68	114	86	114

Daily Data (21 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
2025-05-01	$43.07	$44.00	37.7%	10.8%	70.0%	47.7%	0.0%	0.3%	-10.5%	5.7K	-46.7K	-490	0.00	101.56	N/A	N/A	1	0	67	19
2025-05-02	$43.50	$44.00	35.1%	10.1%	65.0%	43.4%	25.1%	3.2%	-4.2%	6.6K	-54.5K	-503	0.17	101.47	N/A	N/A	12	2	68	19
2025-05-05	$42.77	$0.00	22.5%	8.2%	56.9%	21.9%	0.0%	3.3%	-1.5%	5.9K	-54.4K	-556	0.00	101.45	N/A	N/A	2	0	76	21
2025-05-06	$42.95	$0.00	24.9%	8.4%	56.3%	26.1%	0.0%	3.0%	-2.1%	6.6K	-56.0K	-538	0.00	99.00	N/A	N/A	0	0	76	21
2025-05-07	$42.77	$0.00	28.9%	8.2%	54.9%	32.8%	0.0%	0.7%	-1.6%	5.8K	-53.5K	-527	0.00	106.60	N/A	N/A	0	0	76	21
2025-05-08	$43.64	$0.00	22.7%	7.9%	44.0%	22.3%	0.0%	3.5%	-1.3%	7.9K	-73.7K	-554	0.00	108.03	N/A	N/A	0	0	76	21
2025-05-09	$43.80	$0.00	16.9%	7.4%	30.2%	12.5%	0.0%	13.2%	0.7%	8.8K	-76.1K	-549	0.00	108.85	N/A	N/A	1	0	76	21
2025-05-12	$44.86	$0.00	26.6%	6.0%	28.2%	29.0%	0.0%	1.7%	0.8%	12.9K	-109.0K	-570	3.00	107.90	N/A	N/A	1	3	77	21
2025-05-13	$45.90	$0.00	18.0%	6.3%	29.0%	14.3%	0.0%	8.5%	-3.9%	12.2K	-148.5K	-563	0.00	105.29	N/A	N/A	0	0	77	21
2025-05-14	$45.37	$0.00	23.7%	6.8%	29.5%	24.0%	0.0%	2.7%	2.8%	15.2K	-125.1K	-547	0.00	101.26	N/A	N/A	0	0	77	21
2025-05-15	$45.39	$0.00	23.8%	6.8%	29.5%	24.2%	0.0%	-0.4%	-1.6%	15.5K	-125.0K	-539	0.00	98.58	N/A	N/A	0	0	77	21
2025-05-16	$45.42	$0.00	22.3%	6.4%	27.9%	21.6%	24.6%	10.8%	0.5%	14.8K	-125.8K	-531	0.00	100.46	N/A	N/A	0	1	77	21
2025-05-19	$44.73	$43.00	22.7%	6.5%	25.0%	22.3%	0.0%	-2.5%	4.0%	6.0K	-82.1K	-519	0.00	101.91	N/A	N/A	0	0	56	12
2025-05-20	$44.42	$43.00	21.9%	6.3%	23.0%	21.0%	20.8%	-3.4%	3.1%	6.0K	-74.8K	-501	0.00	102.37	N/A	N/A	17	0	56	12
2025-05-21	$43.75	$43.00	24.4%	7.0%	23.6%	25.2%	24.4%	3.2%	-2.4%	8.6K	-78.6K	-547	0.00	105.47	N/A	N/A	12	0	73	12
2025-05-22	$43.53	$43.00	27.4%	7.9%	22.9%	30.3%	0.0%	3.8%	-4.0%	9.5K	-88.6K	-637	0.33	105.50	N/A	N/A	15	5	84	12
2025-05-23	$43.55	$43.00	24.5%	7.0%	22.9%	25.4%	0.0%	-1.2%	-2.5%	10.3K	-105.2K	-790	0.00	104.35	N/A	N/A	0	0	95	16
2025-05-27	$43.92	$43.00	26.0%	7.4%	22.8%	27.9%	16.0%	-4.9%	1.0%	11.3K	-117.6K	-782	0.00	109.61	N/A	N/A	0	3	95	16
2025-05-28	$43.42	$43.00	23.8%	6.8%	23.2%	24.1%	0.0%	1.9%	-9.7%	9.8K	-96.6K	-740	0.00	109.29	N/A	N/A	0	2	95	17
2025-05-29	$43.64	$43.00	19.2%	5.5%	20.0%	16.4%	0.0%	0.4%	8.7%	9.7K	-92.9K	-759	0.00	106.49	N/A	N/A	0	0	95	19
2025-05-30	$43.36	$43.00	24.3%	7.0%	19.5%	25.1%	22.7%	-0.4%	-4.1%	10.1K	-78.1K	-716	0.00	108.50	N/A	N/A	0	1	95	19