XIFR Options History — September 2025

In September 2025, XIFR traded between $9.73 and $10.41. ATM implied volatility averaged 45.0%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 7.4% (HV 20d: 37.6%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 3.35.

Notable Days

  • 2025-09-11: Highest Volume — 20,474 contracts
  • 2025-09-25: Largest IV spike — 11.4% change
  • 2025-09-08: Highest IV Rank — 28.6%
  • 2025-09-03: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.04$9.73$10.41$10.41$10.12
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV45.0%42.0%47.1%45.7%45.6%
Expected Move12.8%12.0%13.5%13.1%13.1%
HV 20d37.6%28.3%52.5%52.5%33.0%
HV 60d52.9%52.1%53.6%53.2%52.1%
IV Rank25.5%21.3%28.6%28.6%26.7%
IV Percentile17.8%4.3%33.1%28.6%25.4%
Term Structure2.1%-1.6%7.4%-1.6%2.8%
VWIV45.0%41.4%47.8%44.0%46.1%
Skew 25d3.0%-4.4%12.6%11.5%2.4%
Skew 10d17.9%-10.8%159.3%27.4%12.0%
Call IV 25d44.1%40.8%47.2%41.0%46.2%
Put IV 25d47.1%42.6%54.1%52.4%48.6%
Bid-Ask Spread %59.7550.6181.3377.1952.00
Gamma HHI0.160.130.270.130.17
Net GEX-162.8K-340.3K277.4K-102.1K-202.1K
Net DEX4.6M-2.4M11.5M-2.4M4.0M
Net VEX-422.6K-447.8K-385.5K-443.8K-385.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.350.0256.030.120.50
Total Volume2,839.8114820,474681482
Total OI200,150.81191,755208,649199,565193,390

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$10.41$10.0045.7%13.1%52.5%0.0%44.0%11.5%-1.6%-102.1K-2.4M-443.8K0.1277.19N/AN/A6087389,310110,255
2025-09-03$10.41$10.0047.1%13.5%52.2%0.0%45.9%12.6%-1.5%-103.9K-1.9M-445.0K0.0981.33N/AN/A3973489,318110,370
2025-09-04$10.29$10.0046.2%12.6%52.1%0.0%44.6%4.3%1.3%-101.5K-600.1K-440.4K0.8557.84N/AN/A806889,336110,372
2025-09-05$10.38$10.0044.0%12.8%51.7%0.0%44.3%0.3%0.9%-77.1K-2.4M-443.3K0.1357.17N/AN/A3684789,327110,371
2025-09-08$9.96$10.0046.9%12.9%39.4%28.6%45.4%-0.7%-0.3%-162.1K4.5M-428.5K0.6856.61N/AN/A22215189,549110,381
2025-09-09$9.89$10.0045.2%12.9%38.9%26.0%45.5%1.1%0.4%-167.6K5.7M-424.4K0.2355.74N/AN/A51111889,661110,482
2025-09-10$9.80$10.0044.4%12.7%39.0%24.9%44.9%3.5%1.8%-209.2K7.8M-421.9K0.8259.09N/AN/A22118189,931110,556
2025-09-11$10.07$10.0044.5%12.8%39.7%25.1%44.3%5.9%1.5%-113.6K3.1M-425.4K56.0356.83N/AN/A35920,11589,967110,609
2025-09-12$10.11$10.0045.1%12.9%39.4%26.0%46.0%-0.9%1.5%-151.3K4.5M-447.8K3.3960.92N/AN/A6062,05290,037118,612
2025-09-15$9.91$10.0045.7%13.1%34.8%26.8%45.6%0.5%-0.1%-200.2K7.8M-436.5K2.1656.32N/AN/A8921,92590,198116,749
2025-09-16$9.79$10.0046.3%13.3%35.1%27.7%45.6%-0.4%0.1%-233.6K8.7M-424.9K1.3162.65N/AN/A32342490,369115,265
2025-09-17$9.95$10.0046.1%13.2%33.6%27.3%46.0%2.5%0.7%-105.8K6.1M-430.3K0.4450.61N/AN/A71731590,318115,380
2025-09-18$10.09$10.0044.3%12.7%34.0%24.7%47.8%5.4%4.7%-30.2K4.2M-423.9K0.1258.58N/AN/A3694490,720115,453
2025-09-19$9.93$10.0042.0%12.0%31.4%21.3%42.0%3.2%7.4%277.4K7.0M-428.3K0.3859.92N/AN/A1,74866790,814115,483
2025-09-22$9.79$10.0044.2%12.7%28.3%24.5%46.1%2.0%4.1%-334.8K8.5M-422.4K0.2959.24N/AN/A1,23535585,175112,867
2025-09-23$9.82$10.0043.8%12.6%28.4%24.1%45.7%-4.4%4.9%-324.4K8.7M-419.0K0.0259.57N/AN/A11,11324786,085113,128
2025-09-24$10.05$10.0042.0%12.0%29.4%21.3%41.4%1.6%5.6%-284.6K5.8M-407.9K0.0658.83N/AN/A3,48219681,731113,161
2025-09-25$9.73$10.0046.8%13.4%30.7%28.4%45.3%2.0%0.8%-340.3K11.5M-394.1K2.3861.81N/AN/A1,5943,79181,051113,177
2025-09-26$10.09$10.0043.7%12.5%33.7%23.8%42.4%3.1%5.1%-255.7K5.3M-388.1K0.0554.19N/AN/A1,0875980,997110,758
2025-09-29$10.34$10.0045.5%13.0%32.6%26.5%45.6%7.7%3.5%-196.1K997.2K-392.3K0.2858.28N/AN/A1,83952181,684110,770
2025-09-30$10.12$10.0045.6%13.1%33.0%26.7%46.1%2.4%2.8%-202.1K4.0M-385.5K0.5052.00N/AN/A32216082,782110,608