IYE Options History — July 2025

In July 2025, IYE traded between $45.12 and $47.42. ATM implied volatility averaged 20.5%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 2.1% (HV 20d: 18.4%). Max pain ranged from $44.00 to $47.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.25.

Notable Days

2025-07-02: Highest Volume — 16 contracts
2025-07-30: Largest IV spike — 45.1% change
2025-07-18: Highest IV Rank — 22.5%
2025-07-18: Largest Expected Move — 7.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.31	$45.12	$47.42	$45.64	$46.39
Max Pain	$45.18	$44.00	$47.00	$45.00	$44.00
ATM IV	20.5%	13.8%	24.3%	20.3%	24.0%
Expected Move	5.9%	3.9%	7.0%	5.8%	6.9%
HV 20d	18.4%	17.1%	19.8%	19.2%	17.6%
HV 60d	23.9%	18.3%	40.2%	40.2%	18.3%
IV Rank	16.0%	3.9%	22.5%	18.2%	21.9%
IV Percentile	44.4%	3.2%	73.0%	42.9%	69.0%
Term Structure	0.9%	-3.8%	10.7%	1.9%	-3.8%
VWIV	18.8%	12.3%	24.5%	21.2%	21.9%
Skew 25d	-0.4%	-8.6%	6.3%	5.1%	1.1%
Skew 10d	2.1%	-2.9%	4.5%	1.2%	3.2%
Call IV 25d	15.4%	11.1%	21.9%	13.7%	13.8%
Put IV 25d	15.1%	12.9%	22.3%	18.8%	14.9%
Bid-Ask Spread %	100.43	87.16	106.85	106.85	100.86
Gamma HHI	0.16	0.13	0.19	0.15	0.15
Net GEX	19.6K	13.9K	23.5K	17.8K	21.7K
Net DEX	-297.4K	-359.6K	-214.3K	-259.4K	-307.7K
Net VEX	-1.2K	-1.4K	-1.1K	-1.3K	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.25	0.00	2.00	0.14	0.00
Total Volume	4.045	0	16	0	1
Total OI	162.091	136	178	168	156

Daily Data (22 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
2025-07-01	$45.64	$45.00	20.3%	5.8%	19.2%	18.2%	0.0%	5.1%	1.9%	17.8K	-259.4K	-1.3K	0.00	106.85	N/A	N/A	0	0	146	22
2025-07-02	$46.19	$45.00	21.8%	6.3%	18.8%	18.7%	21.2%	1.7%	1.2%	19.0K	-285.9K	-1.3K	0.14	101.91	N/A	N/A	14	2	146	22
2025-07-03	$46.45	$47.00	19.5%	6.6%	17.1%	14.0%	0.0%	-6.1%	1.7%	20.0K	-309.8K	-1.4K	1.00	98.11	N/A	N/A	1	1	150	22
2025-07-07	$45.74	$47.00	22.2%	6.5%	18.3%	18.7%	0.0%	-3.3%	3.5%	18.7K	-266.9K	-1.3K	0.00	99.70	N/A	N/A	2	0	150	22
2025-07-08	$46.97	$47.00	22.5%	6.2%	19.6%	19.2%	24.5%	1.9%	1.0%	21.3K	-349.2K	-1.3K	0.67	102.47	N/A	N/A	3	2	151	22
2025-07-09	$46.77	$47.00	20.8%	6.0%	19.8%	16.4%	0.0%	1.5%	-1.2%	22.3K	-331.1K	-1.3K	0.00	99.38	N/A	N/A	0	1	152	21
2025-07-10	$47.04	$47.00	22.9%	6.6%	19.4%	20.0%	0.0%	0.4%	-1.6%	23.5K	-356.2K	-1.3K	0.00	100.38	N/A	N/A	0	0	152	21
2025-07-11	$47.42	$47.00	21.0%	6.0%	19.0%	16.6%	0.0%	-1.3%	3.0%	20.9K	-359.6K	-1.3K	0.00	99.53	N/A	N/A	1	0	149	21
2025-07-14	$46.79	$47.00	21.6%	6.2%	19.7%	17.6%	0.0%	-6.2%	-2.8%	21.6K	-328.8K	-1.2K	0.00	97.86	N/A	N/A	0	0	149	21
2025-07-15	$46.27	$47.00	22.0%	6.3%	19.3%	18.5%	20.6%	5.9%	-2.8%	21.1K	-297.1K	-1.2K	0.00	98.25	N/A	N/A	12	0	149	21
2025-07-16	$45.88	$44.00	22.2%	6.4%	19.2%	18.8%	0.0%	0.8%	0.5%	21.1K	-284.0K	-1.2K	0.00	103.73	N/A	N/A	0	0	156	21
2025-07-17	$46.05	$44.00	21.1%	6.0%	18.9%	16.8%	0.0%	-5.4%	0.6%	19.0K	-292.5K	-1.2K	0.00	104.22	N/A	N/A	2	0	156	21
2025-07-18	$45.70	$44.00	24.3%	7.0%	19.0%	22.5%	0.0%	-8.6%	-0.3%	21.0K	-268.3K	-1.2K	0.00	101.69	N/A	N/A	11	0	157	21
2025-07-21	$45.12	$44.00	20.7%	5.9%	19.2%	16.1%	14.4%	0.4%	1.8%	13.9K	-214.3K	-1.1K	0.00	101.58	N/A	N/A	2	0	118	18
2025-07-22	$45.48	$44.00	13.8%	3.9%	17.3%	3.9%	12.3%	-4.1%	10.7%	14.3K	-229.7K	-1.1K	0.00	100.80	N/A	N/A	5	0	118	18
2025-07-23	$45.99	$44.00	20.0%	5.7%	17.4%	14.8%	0.0%	-1.2%	2.1%	15.7K	-251.5K	-1.2K	0.00	96.01	N/A	N/A	0	0	123	18
2025-07-24	$46.39	$44.00	16.2%	4.6%	17.5%	8.1%	0.0%	1.8%	1.3%	16.6K	-275.0K	-1.1K	0.00	105.02	N/A	N/A	14	0	123	18
2025-07-25	$46.34	$44.00	15.6%	4.5%	17.2%	7.2%	15.3%	1.4%	2.3%	18.3K	-286.6K	-1.2K	0.00	104.64	N/A	N/A	7	0	131	18
2025-07-28	$46.72	$44.00	19.7%	5.6%	17.1%	14.4%	20.3%	-1.3%	1.1%	20.3K	-318.4K	-1.2K	0.00	96.17	N/A	N/A	5	0	135	18
2025-07-29	$47.11	$44.00	16.2%	4.6%	17.2%	8.3%	21.9%	1.4%	0.9%	22.2K	-356.0K	-1.2K	2.00	87.16	N/A	N/A	1	2	139	18
2025-07-30	$46.40	$44.00	23.5%	6.7%	18.1%	21.1%	0.0%	6.3%	-1.3%	21.6K	-314.4K	-1.2K	0.00	103.20	N/A	N/A	0	0	139	17
2025-07-31	$46.39	$44.00	24.0%	6.9%	17.6%	21.9%	0.0%	1.1%	-3.8%	21.7K	-307.7K	-1.2K	0.00	100.86	N/A	N/A	1	0	139	17