VAW Options History — August 2025

In August 2025, VAW traded between $193.02 and $208.38. ATM implied volatility averaged 16.8%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 0.2% (HV 20d: 16.6%). Max pain ranged from $195.00 to $205.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.24.

Notable Days

  • 2025-08-26: Highest Volume — 20 contracts
  • 2025-08-11: Largest IV spike — 52.4% change
  • 2025-08-11: Highest IV Rank — 30.9%
  • 2025-08-06: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$202.72$193.02$208.38$193.02$208.00
Max Pain$199.32$195.00$205.00$195.00$199.00
ATM IV16.8%13.2%27.5%17.5%14.5%
Expected Move4.5%3.8%5.0%5.0%4.1%
HV 20d16.6%13.2%17.7%16.2%13.2%
HV 60d15.2%14.8%15.7%15.5%15.1%
IV Rank10.8%4.1%30.9%12.2%6.5%
IV Percentile40.4%6.3%96.0%55.2%15.1%
Term Structure0.8%-1.5%4.0%1.7%-1.3%
VWIV14.4%10.1%17.4%10.1%17.4%
Skew 25d1.6%-4.4%7.7%2.2%3.6%
Skew 10d1.6%-6.2%8.5%-0.0%1.1%
Call IV 25d13.6%9.7%18.4%18.4%11.3%
Put IV 25d15.2%11.4%20.6%20.6%14.9%
Bid-Ask Spread %105.0289.16123.08123.08114.67
Gamma HHI0.290.210.490.340.22
Net GEX60.8K33.6K95.7K33.6K53.0K
Net DEX-531.7K-771.0K-160.2K-160.2K-709.5K
Net VEX-1.6K-1.9K-1.2K-1.2K-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.001.000.001.00
Total Volume4.1902000
Total OI68.66754826882

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$193.02$195.0017.5%5.0%16.2%12.2%0.0%2.2%1.7%33.6K-160.2K-1.2K0.00123.08N/AN/A00599
2025-08-04$195.88$0.0017.1%4.5%16.7%11.5%0.0%5.1%1.9%47.3K-218.7K-1.3K0.0089.16N/AN/A01599
2025-08-05$197.69$0.0014.3%4.6%16.8%6.1%10.1%2.5%2.2%63.1K-278.8K-1.3K0.0089.29N/AN/A60599
2025-08-06$196.63$205.0019.4%5.0%16.8%15.8%10.9%7.7%0.7%65.9K-290.9K-1.3K0.0093.57N/AN/A150639
2025-08-07$198.76$205.0021.7%4.8%16.9%20.0%0.0%-0.1%1.4%56.3K-343.8K-1.3K0.0093.69N/AN/A00509
2025-08-08$199.64$205.0018.1%4.5%16.8%13.2%15.8%2.4%2.1%67.6K-371.9K-1.3K0.1497.69N/AN/A142509
2025-08-11$199.30$195.0027.5%4.7%16.7%30.9%0.0%2.4%-0.1%82.1K-492.7K-1.6K0.0089.27N/AN/A026410
2025-08-12$202.11$195.0020.5%4.6%16.4%17.9%16.3%0.9%0.4%95.7K-630.2K-1.6K0.3395.92N/AN/A316412
2025-08-13$205.61$199.0017.1%4.9%17.4%11.4%0.0%-4.4%-1.2%83.4K-771.0K-1.6K0.00112.13N/AN/A016313
2025-08-14$203.98$199.0015.8%4.5%17.6%9.0%0.0%2.1%-0.6%84.6K-696.7K-1.6K0.17113.20N/AN/A616314
2025-08-15$203.80$199.0014.4%4.1%17.6%6.3%0.0%-1.2%1.9%88.1K-740.4K-1.7K0.00114.68N/AN/A406615
2025-08-18$202.68$199.0015.2%4.3%17.6%7.8%15.1%1.4%0.2%46.7K-482.1K-1.8K1.0093.28N/AN/A11468
2025-08-19$203.38$199.0015.1%4.3%17.0%7.6%15.9%-0.4%1.9%45.9K-491.3K-1.8K0.00110.86N/AN/A40479
2025-08-20$203.75$199.0016.4%4.7%17.0%10.2%0.0%0.3%1.6%48.6K-507.8K-1.9K0.00111.61N/AN/A00519
2025-08-21$203.84$199.0015.2%4.4%16.6%7.9%16.1%0.1%0.7%49.8K-514.8K-1.9K0.00106.30N/AN/A20519
2025-08-22$208.25$199.0013.3%3.8%17.7%4.2%13.6%1.1%1.2%48.8K-710.8K-1.8K0.00106.25N/AN/A20539
2025-08-25$206.93$199.0013.6%3.9%17.0%4.9%12.9%1.8%4.0%54.7K-689.5K-1.9K1.00110.94N/AN/A11559
2025-08-26$207.63$199.0017.3%5.0%16.8%11.9%17.4%0.5%-1.2%51.8K-672.3K-1.8K0.00111.49N/AN/A020548
2025-08-27$208.38$199.0013.2%3.8%14.6%4.1%0.0%1.3%1.5%58.7K-690.5K-1.8K0.00114.23N/AN/A005428
2025-08-28$207.93$199.0015.1%4.3%14.3%7.6%0.0%4.4%-1.5%50.8K-700.8K-1.8K0.00114.10N/AN/A005428
2025-08-29$208.00$199.0014.5%4.1%13.2%6.5%0.0%3.6%-1.3%53.0K-709.5K-1.7K0.00114.67N/AN/A005428