IYE Options History — November 2025

In November 2025, IYE traded between $46.42 and $48.83. ATM implied volatility averaged 25.6%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 9.7% (HV 20d: 15.9%). Max pain ranged from $45.00 to $48.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.01.

Notable Days

2025-11-24: Highest Volume — 12 contracts
2025-11-18: Largest IV spike — 90.8% change
2025-11-20: Highest IV Rank — 42.3%
2025-11-20: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.66	$46.42	$48.83	$46.89	$48.14
Max Pain	$45.47	$45.00	$48.00	$48.00	$45.00
ATM IV	25.6%	16.5%	35.6%	21.1%	17.2%
Expected Move	7.3%	4.7%	10.2%	6.1%	4.9%
HV 20d	15.9%	14.0%	17.6%	17.1%	16.1%
HV 60d	16.5%	15.9%	17.0%	15.9%	16.5%
IV Rank	24.6%	8.8%	42.3%	16.8%	9.9%
IV Percentile	61.6%	16.7%	95.2%	51.6%	20.6%
Term Structure	0.7%	-12.3%	14.0%	1.3%	14.0%
VWIV	26.6%	14.1%	45.6%	45.6%	20.3%
Skew 25d	19.4%	-2.6%	51.2%	-2.6%	2.1%
Skew 10d	19.0%	-6.7%	57.7%	-6.7%	-0.0%
Call IV 25d	17.9%	13.8%	23.8%	21.4%	14.8%
Put IV 25d	37.3%	15.6%	69.6%	18.8%	16.8%
Bid-Ask Spread %	127.89	114.89	140.54	119.97	128.42
Gamma HHI	0.20	0.16	0.24	0.19	0.16
Net GEX	15.6K	10.6K	23.3K	11.8K	14.9K
Net DEX	-283.0K	-424.3K	-155.5K	-205.0K	-280.3K
Net VEX	-1.1K	-1.3K	-672	-1.3K	-964
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.01	0.00	0.09	0.00	0.00
Total Volume	1.895	0	12	1	0
Total OI	221	153	243	229	168

Daily Data (19 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
2025-11-03	$46.89	$48.00	21.1%	6.1%	17.1%	16.8%	45.6%	-2.6%	1.3%	11.8K	-205.0K	-1.3K	0.00	119.97	N/A	N/A	1	0	165	64
2025-11-04	$46.42	$48.00	22.1%	6.3%	17.4%	18.5%	0.0%	4.2%	2.7%	10.8K	-155.5K	-1.3K	0.00	122.62	N/A	N/A	0	0	165	64
2025-11-05	$46.69	$48.00	21.8%	6.3%	17.6%	18.1%	14.1%	6.2%	-3.6%	12.2K	-213.8K	-1.3K	0.00	116.85	N/A	N/A	2	0	165	64
2025-11-06	$47.08	$45.00	18.0%	6.3%	17.3%	11.4%	0.0%	0.9%	0.3%	12.8K	-220.4K	-1.2K	0.00	122.78	N/A	N/A	0	0	165	64
2025-11-07	$47.56	$45.00	20.0%	5.5%	14.1%	14.8%	0.0%	1.8%	2.5%	13.5K	-258.8K	-1.2K	0.00	117.82	N/A	N/A	1	0	165	64
2025-11-10	$48.03	$45.00	22.0%	5.6%	14.2%	18.5%	0.0%	1.9%	3.8%	14.3K	-302.4K	-1.1K	0.00	114.89	N/A	N/A	10	0	164	64
2025-11-11	$48.64	$45.00	21.2%	5.8%	14.6%	17.0%	0.0%	5.1%	0.2%	17.2K	-392.5K	-1.2K	0.00	121.53	N/A	N/A	0	1	174	64
2025-11-12	$48.03	$45.00	16.5%	4.7%	15.6%	8.8%	0.0%	3.0%	5.4%	18.8K	-326.8K	-1.2K	0.00	120.58	N/A	N/A	4	0	174	64
2025-11-13	$48.00	$45.00	30.7%	8.8%	14.0%	33.6%	0.0%	33.7%	-2.0%	17.1K	-335.6K	-1.2K	0.00	140.54	N/A	N/A	0	0	178	64
2025-11-14	$48.83	$45.00	16.9%	4.8%	14.7%	9.4%	0.0%	35.0%	11.1%	23.3K	-424.3K	-923	0.00	129.90	N/A	N/A	1	0	178	64
2025-11-17	$47.96	$45.00	17.6%	5.1%	16.3%	10.7%	0.0%	-2.5%	5.4%	22.2K	-332.4K	-1.1K	0.00	128.31	N/A	N/A	0	0	179	64
2025-11-18	$48.33	$45.00	33.6%	9.6%	16.3%	38.8%	0.0%	44.8%	-1.8%	20.1K	-362.5K	-1.2K	0.00	138.52	N/A	N/A	1	0	179	64
2025-11-19	$47.77	$45.00	33.9%	9.7%	16.5%	39.3%	0.0%	26.5%	-12.3%	19.0K	-294.7K	-1.1K	0.00	135.64	N/A	N/A	0	0	179	64
2025-11-20	$47.28	$45.00	35.6%	10.2%	16.3%	42.3%	0.0%	44.6%	-1.8%	15.7K	-244.2K	-1.2K	0.00	134.57	N/A	N/A	0	0	179	64
2025-11-21	$47.53	$45.00	34.2%	9.8%	15.8%	39.7%	0.0%	36.1%	-9.2%	17.4K	-298.8K	-672	0.00	136.81	N/A	N/A	0	0	179	64
2025-11-24	$47.41	$45.00	35.5%	10.2%	15.8%	42.0%	20.3%	30.8%	0.9%	11.9K	-229.5K	-989	0.09	132.62	N/A	N/A	11	1	108	45
2025-11-25	$47.19	$45.00	33.7%	9.6%	15.6%	38.8%	0.0%	51.2%	-0.5%	12.1K	-236.4K	-1.1K	0.00	127.97	N/A	N/A	0	0	119	46
2025-11-26	$47.69	$45.00	33.9%	9.7%	15.9%	39.3%	0.0%	46.0%	-2.9%	10.6K	-262.3K	-1.1K	0.00	139.66	N/A	N/A	3	0	119	46
2025-11-28	$48.14	$45.00	17.2%	4.9%	16.1%	9.9%	0.0%	2.1%	14.0%	14.9K	-280.3K	-964	0.00	128.42	N/A	N/A	0	0	122	46