VEA Options History — January 2025

In January 2025, VEA traded between $47.31 and $50.28. ATM implied volatility averaged 12.3%, placing in the 33.5% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded below realized volatility by 0.2% (HV 20d: 12.5%). Max pain ranged from $48.00 to $48.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.88.

Notable Days

  • 2025-01-22: Highest Volume — 1,604 contracts
  • 2025-01-15: Largest IV drop — 41.5% change
  • 2025-01-14: Highest IV Rank — 59.3%
  • 2025-01-13: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.84$47.31$50.28$47.72$49.97
Max Pain$48.00$48.00$48.00$48.00$48.00
ATM IV12.3%8.9%16.6%14.1%11.4%
Expected Move3.5%2.6%4.3%4.0%3.3%
HV 20d12.5%11.4%14.5%11.7%11.7%
HV 60d12.2%11.7%12.7%11.7%12.5%
IV Rank33.5%12.7%59.3%44.0%28.1%
IV Percentile42.7%4.8%91.7%71.8%28.6%
Term Structure0.9%-4.9%3.1%-4.9%3.1%
VWIV12.2%10.6%15.0%11.3%11.9%
Skew 25d0.9%-3.1%8.9%0.3%1.4%
Skew 10d2.0%-2.3%6.3%1.9%0.5%
Call IV 25d10.9%7.7%13.1%10.0%11.3%
Put IV 25d11.7%7.4%16.7%10.3%12.7%
Bid-Ask Spread %87.9780.0499.6099.6080.04
Gamma HHI0.280.180.410.360.20
Net GEX285.4K-422.7K939.2K-216.2K919.0K
Net DEX-2.7M-6.4M1.4M644.1K-5.9M
Net VEX-19.9K-27.0K-15.6K-17.2K-25.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.0014.420.100.02
Total Volume186.7151,6047966
Total OI4,223.72,8675,1043,7305,104

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$47.72$48.0014.1%4.0%11.7%44.0%11.3%0.3%-4.9%-216.2K644.1K-17.2K0.1099.60N/AN/A7272,5981,132
2025-01-03$48.00$48.0012.9%3.7%12.1%37.0%12.8%1.7%0.1%-183.4K-125.9K-18.3K0.0698.10N/AN/A7142,6081,131
2025-01-06$48.42$48.0014.2%3.9%12.4%45.2%12.9%3.6%1.7%-4.6K-1.6M-19.1K0.1487.34N/AN/A72102,6561,133
2025-01-07$48.28$48.0012.8%3.1%12.4%36.3%12.8%-3.1%1.6%73.7K-1.2M-19.7K0.1197.96N/AN/A5562,9041,132
2025-01-08$48.25$48.0010.7%3.9%12.4%23.7%12.8%1.4%0.4%-81.2K-1.5M-20.3K0.0283.93N/AN/A17042,9421,134
2025-01-10$47.50$48.0013.1%4.0%13.2%38.3%13.0%-2.8%0.6%-144.6K752.7K-17.2K0.0791.53N/AN/A8963,0591,135
2025-01-13$47.31$48.0012.8%4.3%12.8%36.7%15.0%8.9%1.0%-147.0K1.4M-15.6K2.0085.40N/AN/A5103,0701,138
2025-01-14$47.53$48.0016.6%3.9%12.9%59.3%13.1%2.9%0.2%-297.6K1.1M-15.9K0.0382.95N/AN/A9733,0711,148
2025-01-15$48.22$48.009.7%2.8%14.3%17.4%11.6%-3.0%2.2%-422.7K-1.2M-16.1K0.0092.98N/AN/A4203,0251,150
2025-01-16$48.36$48.0013.3%3.8%14.4%39.2%11.8%-2.6%-0.5%-237.2K-2.1M-16.7K0.0585.44N/AN/A14273,0631,149
2025-01-17$48.58$48.0011.8%3.4%14.5%30.1%12.4%-0.4%2.6%233.6K-3.6M-16.8K0.1685.74N/AN/A3863,1471,152
2025-01-21$49.47$48.0012.6%3.6%12.8%35.3%10.9%3.0%-0.3%669.9K-4.3M-17.4K0.0380.74N/AN/A27772,538329
2025-01-22$49.45$48.0011.8%3.4%12.8%30.4%11.3%2.4%2.0%723.8K-4.5M-17.7K14.4282.13N/AN/A1041,5002,727335
2025-01-23$49.72$48.0010.7%3.1%11.5%23.9%11.4%3.0%2.6%666.8K-4.5M-20.7K0.1883.05N/AN/A3972,7101,691
2025-01-24$49.98$48.0010.9%3.1%11.5%24.6%10.6%2.8%0.2%688.8K-5.1M-22.7K0.1981.50N/AN/A351652,7441,692
2025-01-27$49.91$48.0011.4%3.3%11.6%27.9%11.1%-2.9%1.1%840.4K-5.5M-23.6K0.0088.94N/AN/A17503,0831,750
2025-01-28$49.89$48.008.9%2.6%11.5%12.7%10.6%-2.1%2.3%939.2K-5.5M-25.5K0.0196.12N/AN/A6913,2401,750
2025-01-29$49.88$48.0012.4%3.5%11.4%33.7%12.2%0.8%1.7%868.4K-5.8M-25.5K0.0085.52N/AN/A3803,3001,751
2025-01-30$50.28$48.0014.3%4.1%11.5%45.8%14.0%2.1%-0.2%819.4K-6.4M-27.0K0.0190.30N/AN/A11813,3021,751
2025-01-31$49.97$48.0011.4%3.3%11.7%28.1%11.9%1.4%3.1%919.0K-5.9M-25.8K0.0280.04N/AN/A6513,3521,752