VAW Options History — October 2025

In October 2025, VAW traded between $195.87 and $205.88. ATM implied volatility averaged 18.8%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 4.7% (HV 20d: 14.1%). Max pain ranged from $195.00 to $196.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.03.

Notable Days

  • 2025-10-21: Highest Volume — 9 contracts
  • 2025-10-09: Largest IV spike — 47.2% change
  • 2025-10-10: Highest IV Rank — 27.4%
  • 2025-10-17: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$202.59$195.87$205.88$203.50$195.87
Max Pain$195.13$195.00$196.00$196.00$195.00
ATM IV18.8%12.2%25.7%16.0%20.4%
Expected Move5.4%4.0%6.2%4.6%5.8%
HV 20d14.1%11.9%15.6%14.0%14.9%
HV 60d14.5%13.6%15.1%14.6%14.0%
IV Rank14.5%2.2%27.4%9.2%17.5%
IV Percentile60.4%2.0%93.3%32.1%79.8%
Term Structure0.4%-1.7%3.7%0.6%-0.4%
VWIV18.5%14.8%22.2%14.8%14.8%
Skew 25d2.9%-3.9%8.2%0.0%-0.5%
Skew 10d4.3%-2.5%10.1%1.2%0.3%
Call IV 25d15.5%10.9%20.1%13.1%14.6%
Put IV 25d18.4%12.6%24.8%13.1%14.1%
Bid-Ask Spread %107.21101.70115.77114.59109.88
Gamma HHI0.280.250.350.270.35
Net GEX70.3K42.4K89.3K70.1K42.4K
Net DEX-425.7K-588.1K-85.4K-480.4K-85.4K
Net VEX-1.4K-1.6K-901-1.6K-901
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.330.000.00
Total Volume1.4350901
Total OI68.65256736669

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$203.50$196.0016.0%4.6%14.0%9.2%0.0%0.0%0.6%70.1K-480.4K-1.6K0.00114.59N/AN/A005511
2025-10-02$204.91$196.0017.1%4.9%14.1%11.3%0.0%0.2%0.0%71.6K-511.4K-1.6K0.00114.19N/AN/A105511
2025-10-03$205.88$196.0013.8%4.0%13.9%5.2%0.0%1.7%2.0%76.9K-588.1K-1.6K0.00115.77N/AN/A005611
2025-10-06$205.58$195.0014.5%4.8%13.9%6.6%0.0%3.8%2.0%79.1K-574.4K-1.5K0.00106.13N/AN/A105611
2025-10-07$204.14$195.0014.0%5.0%13.2%5.4%0.0%5.2%1.2%84.8K-548.7K-1.5K0.00104.82N/AN/A005711
2025-10-08$205.81$195.0012.2%4.7%13.5%2.2%14.8%7.1%1.7%74.5K-577.7K-1.5K0.00105.80N/AN/A105711
2025-10-09$202.91$195.0018.0%5.1%11.9%13.0%17.2%1.4%-0.2%81.4K-466.8K-1.5K0.00103.89N/AN/A105811
2025-10-10$199.88$195.0025.7%5.7%12.7%27.4%19.0%6.7%-0.4%60.5K-346.6K-1.5K0.00102.05N/AN/A205911
2025-10-13$202.99$195.0021.5%5.6%14.1%19.5%19.4%3.0%0.0%78.7K-451.3K-1.4K0.33102.04N/AN/A315911
2025-10-14$204.50$195.0025.1%5.8%14.3%26.3%0.0%8.2%-1.3%78.4K-523.0K-1.6K0.00101.70N/AN/A006112
2025-10-15$204.28$195.0021.6%6.2%14.3%19.8%0.0%4.0%-1.1%73.8K-516.4K-1.5K0.00103.43N/AN/A006112
2025-10-16$202.57$195.0021.2%6.1%14.5%19.0%0.0%4.8%0.5%76.2K-438.1K-1.5K0.00103.74N/AN/A006112
2025-10-17$201.69$195.0021.8%6.2%14.5%20.0%22.2%7.5%0.3%72.2K-362.3K-1.4K0.00103.64N/AN/A206112
2025-10-20$204.33$195.0021.5%6.2%15.4%19.5%20.4%4.1%-1.7%46.2K-373.1K-1.4K0.00104.95N/AN/A504511
2025-10-21$202.73$195.0020.4%5.8%15.6%17.4%20.0%2.9%-0.5%54.6K-365.3K-1.4K0.00104.30N/AN/A905211
2025-10-22$201.73$195.0020.2%5.8%14.3%17.1%0.0%5.8%1.5%62.1K-408.4K-1.5K0.00108.77N/AN/A005811
2025-10-23$203.66$195.0018.8%5.4%14.2%14.4%21.3%-0.4%1.3%68.4K-466.1K-1.6K0.00107.34N/AN/A105811
2025-10-24$202.97$195.0016.8%4.8%13.7%10.8%15.5%-2.3%3.7%78.2K-461.8K-1.5K0.00109.52N/AN/A205911
2025-10-27$202.32$195.0018.1%5.2%13.7%13.2%0.0%3.7%1.0%73.0K-405.6K-1.4K0.00110.43N/AN/A005911
2025-10-28$202.46$195.0017.4%5.0%13.6%11.8%0.0%2.1%-0.6%89.3K-400.9K-1.3K0.00110.11N/AN/A005911
2025-10-29$198.43$195.0018.2%5.2%15.2%13.4%0.0%2.6%0.1%65.1K-245.2K-1.2K0.00110.17N/AN/A005911
2025-10-30$196.53$195.0018.3%5.2%15.1%13.5%19.1%-3.9%-0.2%59.3K-194.2K-1.1K0.00108.56N/AN/A305911
2025-10-31$195.87$195.0020.4%5.8%14.9%17.5%14.8%-0.5%-0.4%42.4K-85.4K-9010.00109.88N/AN/A105811