IYE Options History — January 2026

In January 2026, IYE traded between $47.89 and $53.80. ATM implied volatility averaged 23.7%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 0.3% (HV 20d: 23.3%). Max pain ranged from $45.00 to $51.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.45.

Notable Days

2026-01-16: Highest Volume — 39 contracts
2026-01-12: Largest IV spike — 31.6% change
2026-01-13: Highest IV Rank — 38.3%
2026-01-14: Largest Expected Move — 7.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.73	$47.89	$53.80	$48.52	$53.80
Max Pain	$49.60	$45.00	$51.00	$45.00	$48.00
ATM IV	23.7%	15.7%	33.4%	15.7%	22.7%
Expected Move	6.3%	4.5%	7.4%	4.5%	6.5%
HV 20d	23.3%	20.6%	26.8%	20.6%	21.2%
HV 60d	19.5%	18.2%	19.8%	18.2%	19.6%
IV Rank	21.3%	7.4%	38.3%	7.4%	19.6%
IV Percentile	66.6%	9.9%	92.1%	9.9%	63.5%
Term Structure	0.9%	-3.2%	5.6%	5.6%	0.7%
VWIV	20.3%	12.2%	26.2%	13.4%	21.7%
Skew 25d	0.8%	-5.3%	7.7%	4.4%	-4.3%
Skew 10d	2.6%	-4.7%	9.1%	1.6%	-4.7%
Call IV 25d	18.5%	13.1%	27.1%	17.8%	20.5%
Put IV 25d	19.2%	15.3%	26.5%	22.2%	16.1%
Bid-Ask Spread %	113.24	106.16	121.25	115.55	114.91
Gamma HHI	0.26	0.19	0.42	0.21	0.22
Net GEX	22.6K	9.4K	41.9K	25.9K	19.5K
Net DEX	-434.9K	-589.6K	-178.1K	-423.5K	-432.1K
Net VEX	-645	-951	-351	-765	-730
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.00	8.00	0.00	0.00
Total Volume	13.05	1	39	9	2
Total OI	165.5	85	222	201	132

Daily Data (20 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
2026-01-02	$48.52	$45.00	15.7%	4.5%	20.6%	7.4%	13.4%	4.4%	5.6%	25.9K	-423.5K	-765	0.00	115.55	N/A	N/A	9	0	145	56
2026-01-05	$49.75	$47.00	18.6%	5.7%	22.5%	12.4%	0.0%	-2.4%	1.5%	23.9K	-510.1K	-587	8.00	111.15	N/A	N/A	1	8	140	56
2026-01-06	$48.63	$47.00	21.6%	5.6%	24.0%	17.7%	0.0%	2.7%	0.6%	29.5K	-463.9K	-580	0.00	115.14	N/A	N/A	10	0	140	53
2026-01-07	$47.89	$47.00	26.4%	5.9%	24.1%	26.2%	19.5%	1.4%	1.6%	28.2K	-380.2K	-687	0.00	121.25	N/A	N/A	4	0	150	53
2026-01-08	$49.39	$51.00	24.8%	7.0%	26.4%	23.3%	0.0%	4.0%	-1.8%	35.8K	-535.0K	-543	0.17	114.96	N/A	N/A	6	1	152	53
2026-01-09	$49.39	$51.00	21.8%	5.2%	26.2%	18.1%	0.0%	2.2%	2.6%	30.6K	-526.8K	-572	0.00	112.18	N/A	N/A	1	0	155	54
2026-01-12	$49.06	$51.00	28.7%	6.0%	26.2%	30.1%	0.0%	1.6%	-0.5%	41.9K	-508.7K	-484	0.50	120.71	N/A	N/A	10	5	154	54
2026-01-13	$49.70	$51.00	33.4%	6.1%	26.4%	38.3%	0.0%	-1.9%	3.0%	28.4K	-528.5K	-438	0.00	115.71	N/A	N/A	25	0	144	58
2026-01-14	$50.67	$51.00	25.9%	7.4%	26.8%	25.1%	26.2%	1.7%	-3.2%	16.0K	-550.4K	-351	0.12	106.16	N/A	N/A	17	2	128	58
2026-01-15	$50.47	$51.00	22.1%	6.3%	23.3%	18.5%	25.4%	-1.6%	2.2%	20.7K	-549.4K	-403	0.00	114.34	N/A	N/A	30	0	140	59
2026-01-16	$50.50	$51.00	22.5%	6.4%	22.6%	19.2%	22.1%	7.7%	0.6%	28.4K	-589.6K	-607	0.00	112.20	N/A	N/A	39	0	163	59
2026-01-20	$50.43	$51.00	24.4%	7.0%	21.7%	22.5%	24.8%	-1.4%	-0.5%	9.4K	-178.1K	-495	0.00	110.81	N/A	N/A	12	0	66	19
2026-01-21	$51.52	$51.00	22.0%	6.3%	22.4%	18.3%	15.9%	-0.5%	2.2%	12.2K	-228.9K	-555	0.00	114.23	N/A	N/A	17	0	76	19
2026-01-22	$51.78	$51.00	23.9%	6.9%	22.3%	21.7%	20.4%	-5.2%	-1.1%	13.5K	-277.1K	-698	0.00	111.97	N/A	N/A	17	0	89	19
2026-01-23	$52.09	$50.00	23.2%	6.7%	22.3%	20.5%	12.2%	1.8%	2.0%	16.0K	-344.3K	-838	0.00	111.45	N/A	N/A	7	0	102	19
2026-01-26	$52.09	$51.00	23.7%	6.8%	22.3%	21.4%	21.9%	-5.3%	0.9%	16.7K	-356.6K	-791	0.00	111.85	N/A	N/A	16	0	106	19
2026-01-27	$52.55	$51.00	25.1%	7.2%	21.8%	23.8%	20.3%	5.2%	-0.0%	19.0K	-402.3K	-951	0.00	109.82	N/A	N/A	1	0	120	19
2026-01-28	$52.88	$48.00	24.6%	7.1%	21.7%	23.0%	21.7%	-1.1%	-0.4%	18.7K	-429.9K	-947	0.00	112.54	N/A	N/A	2	0	121	19
2026-01-29	$53.44	$48.00	22.2%	6.4%	21.8%	18.7%	0.0%	6.7%	2.8%	17.7K	-483.3K	-870	0.12	107.88	N/A	N/A	17	2	122	19
2026-01-30	$53.80	$48.00	22.7%	6.5%	21.2%	19.6%	0.0%	-4.3%	0.7%	19.5K	-432.1K	-730	0.00	114.91	N/A	N/A	2	0	111	21