IYE Options History — December 2025

In December 2025, IYE traded between $46.30 and $49.05. ATM implied volatility averaged 20.2%, placing in the 15.2% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 1.8% (HV 20d: 18.4%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.11.

Notable Days

  • 2025-12-15: Highest Volume — 20 contracts
  • 2025-12-31: Largest IV drop — 22.0% change
  • 2025-12-02: Highest IV Rank — 25.1%
  • 2025-12-02: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.84$46.30$49.05$48.58$47.52
Max Pain$45.09$45.00$47.00$45.00$45.00
ATM IV20.2%16.5%25.8%23.5%17.9%
Expected Move5.5%4.6%7.4%6.7%5.1%
HV 20d18.4%15.8%20.5%16.1%20.0%
HV 60d17.1%16.0%18.2%16.0%17.7%
IV Rank15.2%8.7%25.1%21.0%11.1%
IV Percentile44.3%15.1%81.0%68.3%25.8%
Term Structure1.4%-6.5%5.9%-6.5%-1.4%
VWIV20.7%12.6%30.3%30.3%19.6%
Skew 25d4.4%-5.3%10.3%6.6%2.7%
Skew 10d3.8%-2.6%12.2%11.5%2.2%
Call IV 25d16.3%12.6%24.1%17.8%16.5%
Put IV 25d20.6%12.5%28.6%24.4%19.2%
Bid-Ask Spread %118.55112.60123.65122.55119.96
Gamma HHI0.190.170.220.170.22
Net GEX19.3K13.9K24.4K16.5K24.4K
Net DEX-320.8K-408.2K-198.3K-342.9K-338.3K
Net VEX-852-1.0K-690-955-774
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.110.001.000.000.00
Total Volume3.04502026
Total OI183.5168208168195

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$48.58$45.0023.5%6.7%16.1%21.0%0.0%6.6%-6.5%16.5K-342.9K-9550.00122.55N/AN/A2012246
2025-12-02$48.03$45.0025.8%7.4%16.6%25.1%30.3%0.3%-4.3%15.9K-315.8K-9830.00114.38N/AN/A0212346
2025-12-03$48.83$47.0023.4%6.7%16.9%20.8%0.0%10.3%-5.1%16.7K-360.2K-8940.00116.84N/AN/A0012348
2025-12-04$48.91$45.0021.0%5.3%16.9%16.6%0.0%5.0%3.9%18.7K-381.6K-8270.00123.11N/AN/A0012348
2025-12-05$48.97$45.0024.0%4.6%16.7%21.8%0.0%7.8%2.7%18.7K-408.2K-7760.00120.49N/AN/A0012348
2025-12-08$48.28$45.0023.2%5.2%17.3%20.5%0.0%9.5%3.5%18.0K-338.7K-8290.00118.39N/AN/A0012348
2025-12-09$48.56$45.0022.4%5.0%17.1%19.1%20.7%4.2%5.3%17.1K-375.3K-8280.00120.37N/AN/A2012348
2025-12-10$49.05$45.0018.4%5.3%16.9%12.1%0.0%3.8%4.4%20.7K-400.0K-7010.00116.86N/AN/A0012548
2025-12-11$48.73$45.0017.7%5.1%16.4%10.8%0.0%7.6%3.2%19.6K-370.3K-7620.00118.61N/AN/A0012548
2025-12-12$48.34$45.0016.5%4.7%16.7%8.7%0.0%6.5%4.8%17.5K-363.2K-7810.00122.88N/AN/A0012548
2025-12-15$47.89$45.0016.6%4.8%15.8%8.9%12.6%5.9%2.3%17.1K-320.5K-6901.00121.78N/AN/A101012548
2025-12-16$46.30$45.0019.7%5.6%18.8%14.3%0.0%9.9%1.9%13.9K-198.3K-9330.00116.15N/AN/A0013358
2025-12-17$47.22$45.0020.1%5.8%20.0%15.0%20.9%6.7%-0.1%16.8K-236.7K-9170.00114.38N/AN/A15013458
2025-12-18$46.55$45.0018.2%5.2%20.2%11.8%0.0%6.1%0.6%19.7K-243.9K-1.0K0.00119.24N/AN/A1014958
2025-12-19$46.52$45.0021.6%6.2%19.9%17.8%20.0%8.9%2.3%18.6K-237.9K-1.0K0.00118.26N/AN/A1015058
2025-12-22$47.11$45.0018.3%5.2%20.4%11.8%19.6%-2.3%1.6%22.8K-291.8K-9400.00121.61N/AN/A11014254
2025-12-23$47.34$45.0016.7%4.8%20.5%9.1%0.0%-5.3%3.9%22.8K-309.6K-8710.00123.65N/AN/A0413854
2025-12-24$47.34$45.0017.3%5.0%20.4%10.1%0.0%-2.8%5.9%21.8K-291.8K-8050.00116.26N/AN/A0013854
2025-12-26$46.97$45.0018.8%5.4%20.2%12.8%0.0%-1.0%0.8%21.9K-275.6K-8320.00113.61N/AN/A0213854
2025-12-29$47.45$45.0020.8%6.0%20.2%16.3%0.0%2.9%-0.5%22.1K-313.3K-8400.00112.60N/AN/A0013856
2025-12-30$47.89$45.0022.9%6.6%20.2%19.9%0.0%2.5%1.4%23.2K-343.3K-7990.00116.21N/AN/A1013856
2025-12-31$47.52$45.0017.9%5.1%20.0%11.1%0.0%2.7%-1.4%24.4K-338.3K-7740.00119.96N/AN/A6013956