IYE Options History — September 2025

In September 2025, IYE traded between $46.33 and $48.91. ATM implied volatility averaged 17.6%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 1.5% (HV 20d: 16.0%). Max pain ranged from $43.00 to $46.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.75.

Notable Days

  • 2025-09-03: Highest Volume — 103 contracts
  • 2025-09-10: Largest IV spike — 48.4% change
  • 2025-09-30: Highest IV Rank — 19.3%
  • 2025-09-30: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.41$46.33$48.91$48.05$47.47
Max Pain$43.29$43.00$46.00$46.00$43.00
ATM IV17.6%13.0%22.5%15.8%22.5%
Expected Move5.4%4.5%6.5%4.5%6.5%
HV 20d16.0%11.2%18.3%11.2%18.3%
HV 60d16.1%15.3%16.8%16.0%16.0%
IV Rank10.6%2.5%19.3%7.5%19.3%
IV Percentile23.7%2.0%58.3%11.1%58.3%
Term Structure1.5%-1.4%5.1%4.8%3.7%
VWIV18.4%11.9%25.0%25.0%19.9%
Skew 25d3.2%-3.0%11.4%1.7%1.5%
Skew 10d2.0%-1.8%4.4%1.9%2.3%
Call IV 25d12.8%10.8%18.3%12.2%12.1%
Put IV 25d16.1%11.9%23.0%13.9%13.7%
Bid-Ask Spread %102.3094.16107.73107.64100.08
Gamma HHI0.270.160.530.190.17
Net GEX50.3K22.7K115.0K32.6K24.8K
Net DEX-587.4K-927.7K-372.2K-488.6K-415.0K
Net VEX-1.3K-1.6K-1.1K-1.1K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.750.0020.000.000.00
Total Volume14.762010310
Total OI237.381180296180203

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$48.05$46.0015.8%4.5%11.2%7.5%0.0%1.7%4.8%32.6K-488.6K-1.1K0.00107.64N/AN/A1016416
2025-09-03$47.02$46.0016.8%4.8%14.2%9.3%25.0%6.6%5.1%30.4K-414.2K-1.2K0.00106.61N/AN/A103016416
2025-09-04$47.41$43.0013.0%5.6%13.7%2.5%0.0%1.3%-1.0%92.7K-868.5K-1.3K0.00104.50N/AN/A100026716
2025-09-05$46.47$43.0014.0%5.6%15.9%4.4%0.0%11.4%-0.6%74.9K-600.2K-1.5K0.00100.37N/AN/A40025716
2025-09-08$46.33$43.0013.5%5.6%15.9%3.5%19.7%1.5%0.4%109.7K-639.0K-1.6K1.00106.04N/AN/A1127616
2025-09-09$46.77$43.0013.3%5.5%16.0%3.1%0.0%0.9%-0.2%108.4K-752.5K-1.5K0.00102.64N/AN/A0027617
2025-09-10$47.39$43.0019.7%5.7%16.4%14.4%0.0%-3.0%-0.1%70.6K-822.7K-1.5K0.00103.34N/AN/A2027617
2025-09-11$47.40$43.0017.7%5.1%16.4%10.9%0.0%-0.2%3.8%58.0K-927.7K-1.3K0.00106.09N/AN/A0027817
2025-09-12$47.28$43.0018.4%5.3%16.4%12.1%0.0%1.8%2.6%39.6K-913.3K-1.3K0.00107.73N/AN/A0127817
2025-09-15$47.00$43.0017.9%5.1%16.7%11.2%19.3%4.0%2.7%115.0K-834.3K-1.3K0.00105.43N/AN/A0127818
2025-09-16$47.37$43.0016.1%4.6%16.6%8.0%19.3%2.7%-1.4%41.5K-474.1K-1.2K20.0097.83N/AN/A12018419
2025-09-17$47.52$43.0019.2%5.5%16.5%13.4%11.9%-2.2%1.3%42.1K-473.6K-1.4K0.00101.75N/AN/A0118539
2025-09-18$47.45$43.0019.0%5.4%16.0%13.1%0.0%9.1%1.0%41.6K-460.0K-1.4K0.00101.34N/AN/A0018539
2025-09-19$46.78$43.0018.9%5.4%17.0%13.0%0.0%8.9%1.2%28.4K-390.1K-1.4K0.0099.79N/AN/A0018538
2025-09-22$46.84$43.0018.0%5.2%15.3%11.4%15.0%1.5%3.4%24.0K-372.2K-1.3K0.00107.47N/AN/A2016137
2025-09-23$47.63$43.0018.9%5.4%16.4%13.0%16.5%-2.1%1.6%22.7K-427.5K-1.4K0.0098.36N/AN/A14016137
2025-09-24$48.13$43.0019.5%5.6%16.7%13.9%19.0%6.7%1.9%24.8K-507.1K-1.4K0.0094.16N/AN/A5017337
2025-09-25$48.47$43.0016.1%4.6%16.2%8.1%0.0%9.6%1.0%25.0K-524.3K-1.4K0.00102.08N/AN/A8017437
2025-09-26$48.91$43.0020.2%5.8%16.4%15.2%19.9%4.0%0.2%24.2K-564.0K-1.3K0.0096.84N/AN/A9017137
2025-09-29$47.95$43.0020.2%5.8%18.0%15.3%0.0%2.2%0.3%24.9K-465.5K-1.3K0.0098.32N/AN/A0016637
2025-09-30$47.47$43.0022.5%6.5%18.3%19.3%0.0%1.5%3.7%24.8K-415.0K-1.3K0.00100.08N/AN/A0016637