VAW Options History — February 2026

In February 2026, VAW traded between $226.75 and $244.13. ATM implied volatility averaged 22.6%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 1.6% (HV 20d: 21.0%). Max pain ranged from $215.00 to $250.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.61.

Notable Days

  • 2026-02-24: Highest Volume — 18 contracts
  • 2026-02-12: Largest IV spike — 14.8% change
  • 2026-02-23: Highest IV Rank — 25.7%
  • 2026-02-23: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$238.77$226.75$244.13$226.75$244.13
Max Pain$234.21$215.00$250.00$220.00$250.00
ATM IV22.6%18.7%24.9%22.2%23.4%
Expected Move6.5%5.6%7.1%6.4%6.7%
HV 20d21.0%18.2%22.2%18.2%21.5%
HV 60d17.7%16.1%18.6%16.1%17.3%
IV Rank21.4%14.2%25.7%20.7%23.0%
IV Percentile84.2%61.5%90.9%86.1%86.9%
Term Structure0.4%-0.9%2.5%0.9%-0.9%
VWIV22.6%21.0%25.4%24.9%22.1%
Skew 25d5.0%2.3%9.2%5.2%6.3%
Skew 10d3.2%-2.7%12.1%4.9%2.5%
Call IV 25d20.0%15.5%24.4%20.1%21.4%
Put IV 25d25.0%21.2%28.4%25.2%27.7%
Bid-Ask Spread %99.3691.55106.15106.15102.69
Gamma HHI0.280.160.590.240.19
Net GEX25.0K-20.4K96.8K-20.4K20.7K
Net DEX-799.2K-1.3M-302.5K-307.6K-412.1K
Net VEX-2.6K-3.3K-2.2K-3.2K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.004.330.001.00
Total Volume4.31601800
Total OI143.5797517615996

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$226.75$220.0022.2%6.4%18.2%20.7%0.0%5.2%0.9%-20.4K-307.6K-3.2K0.00106.15N/AN/A008079
2026-02-03$231.54$220.0021.1%6.1%18.8%18.7%24.9%7.6%2.0%-4.1K-609.9K-3.3K0.00105.06N/AN/A018079
2026-02-04$236.41$220.0023.1%6.6%18.6%22.3%0.0%3.1%1.8%11.6K-925.5K-3.1K0.00105.06N/AN/A508079
2026-02-05$229.62$215.0023.9%7.1%20.7%23.9%0.0%2.9%0.2%-6.5K-571.5K-3.1K0.0091.55N/AN/A007979
2026-02-06$234.63$215.0021.8%6.5%21.4%19.9%0.0%7.5%-0.1%3.7K-815.5K-2.9K0.0096.95N/AN/A007979
2026-02-09$238.12$215.0018.7%5.9%20.9%14.2%0.0%5.9%2.5%24.0K-1.0M-2.5K0.0097.38N/AN/A307979
2026-02-10$240.53$215.0020.1%6.1%21.0%16.7%21.2%4.3%1.2%42.6K-1.2M-2.4K0.3397.08N/AN/A317879
2026-02-11$243.00$215.0019.7%5.6%21.0%15.9%0.0%5.7%2.3%38.8K-1.3M-2.3K0.00101.37N/AN/A207879
2026-02-12$239.66$215.0022.6%6.5%22.0%21.4%21.7%3.1%0.3%55.0K-1.2M-2.3K4.3394.67N/AN/A3137879
2026-02-13$240.97$250.0022.8%6.5%22.0%21.9%23.0%8.5%0.0%31.0K-1.1M-2.6K0.0098.13N/AN/A207992
2026-02-17$239.04$250.0023.8%6.8%22.2%23.7%0.0%9.2%-0.8%36.8K-962.1K-2.5K0.0098.63N/AN/A008192
2026-02-18$240.92$250.0022.9%6.6%22.0%22.1%21.4%5.5%0.4%48.3K-1.1M-2.4K1.0099.33N/AN/A228192
2026-02-19$240.58$250.0023.6%6.8%21.4%23.4%0.0%4.8%0.0%49.4K-1.1M-2.3K0.0098.80N/AN/A608192
2026-02-20$241.39$250.0023.9%6.9%21.3%24.0%0.0%2.7%-0.9%96.8K-1.2M-2.3K0.0097.12N/AN/A1708492
2026-02-23$241.19$250.0024.9%7.1%21.2%25.7%25.4%2.3%-0.9%5.7K-302.5K-2.2K0.0094.53N/AN/A024035
2026-02-24$243.58$250.0022.5%6.5%21.4%21.3%21.0%3.7%-0.9%3.1K-335.7K-2.3K0.00100.70N/AN/A1804037
2026-02-25$242.22$250.0023.9%6.8%21.5%23.8%0.0%2.5%0.5%18.7K-397.7K-2.5K0.00100.50N/AN/A005937
2026-02-26$242.41$250.0024.1%6.9%21.5%24.2%22.1%4.7%-0.6%19.5K-376.8K-2.5K1.00102.23N/AN/A115937
2026-02-27$244.13$250.0023.4%6.7%21.5%23.0%0.0%6.3%-0.9%20.7K-412.1K-2.5K0.00102.69N/AN/A005937