VEA Options History — February 2025

In February 2025, VEA traded between $49.39 and $51.81. ATM implied volatility averaged 12.9%, placing in the 37.2% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 1.3% (HV 20d: 11.6%). Max pain ranged from $48.00 to $49.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.22.

Notable Days

2025-02-14: Highest Volume — 735 contracts
2025-02-13: Largest IV spike — 65.9% change
2025-02-21: Highest IV Rank — 50.6%
2025-02-21: Largest Expected Move — 4.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.95	$49.39	$51.81	$49.39	$50.88
Max Pain	$48.21	$48.00	$49.00	$48.00	$49.00
ATM IV	12.9%	7.9%	15.1%	14.3%	14.9%
Expected Move	3.7%	2.3%	4.3%	4.1%	4.3%
HV 20d	11.6%	10.4%	13.4%	12.7%	11.7%
HV 60d	12.1%	11.7%	12.8%	12.7%	12.0%
IV Rank	37.2%	6.5%	50.6%	45.7%	49.1%
IV Percentile	54.0%	1.2%	81.0%	75.0%	78.2%
Term Structure	-0.2%	-5.5%	5.1%	-0.5%	-1.0%
VWIV	13.4%	10.5%	15.6%	13.5%	14.4%
Skew 25d	1.1%	-5.9%	7.4%	3.3%	5.0%
Skew 10d	4.4%	-2.7%	13.0%	1.6%	-2.7%
Call IV 25d	12.1%	7.2%	15.3%	12.4%	13.2%
Put IV 25d	13.2%	7.0%	18.3%	15.7%	18.3%
Bid-Ask Spread %	90.59	81.90	101.26	81.90	89.69
Gamma HHI	0.21	0.17	0.29	0.20	0.17
Net GEX	1.0M	820.1K	1.4M	820.1K	876.8K
Net DEX	-9.5M	-15.2M	-4.5M	-4.5M	-8.5M
Net VEX	-27.5K	-30.6K	-23.9K	-24.5K	-30.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.22	0.01	17.96	0.65	0.32
Total Volume	203.579	28	735	76	82
Total OI	6,143.789	5,126	7,060	5,131	6,555

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-02-03	$49.39	$48.00	14.3%	4.1%	12.7%	45.7%	13.5%	3.3%	-0.5%	820.1K	-4.5M	-24.5K	0.65	81.90	N/A	N/A	46	30	3,378	1,753
2025-02-04	$49.92	$48.00	13.0%	3.7%	13.0%	37.4%	12.3%	2.0%	1.0%	927.3K	-5.6M	-24.6K	17.96	85.07	N/A	N/A	28	503	3,368	1,758
2025-02-05	$50.38	$48.00	10.2%	2.9%	13.0%	20.6%	12.2%	-1.7%	0.8%	929.3K	-6.5M	-28.4K	0.83	90.06	N/A	N/A	36	30	3,395	2,256
2025-02-06	$50.59	$48.00	11.6%	3.9%	12.9%	29.1%	13.5%	-3.1%	-0.6%	931.2K	-7.0M	-27.7K	0.02	91.48	N/A	N/A	121	2	3,422	2,283
2025-02-07	$50.17	$48.00	12.0%	3.8%	13.4%	31.5%	13.7%	7.4%	-0.7%	1.0M	-6.0M	-28.9K	0.03	91.74	N/A	N/A	31	1	3,528	2,285
2025-02-10	$50.50	$48.00	13.4%	3.0%	11.8%	40.0%	10.5%	6.5%	0.7%	1.1M	-7.1M	-27.4K	0.33	101.26	N/A	N/A	21	7	3,553	2,286
2025-02-11	$50.73	$48.00	11.5%	3.7%	11.5%	28.7%	15.6%	1.9%	0.4%	1.1M	-8.0M	-25.5K	0.59	91.01	N/A	N/A	155	92	3,554	2,289
2025-02-12	$50.83	$48.00	7.9%	2.3%	11.5%	6.5%	12.4%	-5.9%	5.1%	1.2M	-8.0M	-26.4K	0.42	97.99	N/A	N/A	43	18	3,599	2,335
2025-02-13	$51.45	$48.00	13.1%	3.7%	11.2%	38.1%	12.9%	-0.1%	-0.8%	994.0K	-10.2M	-25.1K	0.02	95.03	N/A	N/A	301	6	3,625	2,346
2025-02-14	$51.52	$48.00	12.6%	3.6%	11.2%	35.5%	14.0%	-2.3%	2.0%	1.1M	-11.3M	-23.9K	0.01	95.18	N/A	N/A	731	4	3,812	2,351
2025-02-18	$51.81	$48.00	13.1%	3.8%	11.2%	38.2%	13.5%	1.2%	0.2%	1.0M	-15.2M	-26.8K	0.10	90.21	N/A	N/A	262	26	4,510	2,349
2025-02-19	$51.41	$48.00	14.6%	4.2%	10.4%	47.3%	13.0%	1.7%	-0.2%	1.3M	-13.9M	-29.0K	0.02	88.10	N/A	N/A	94	2	4,620	2,370
2025-02-20	$51.61	$48.00	13.1%	3.8%	10.4%	38.4%	13.7%	2.2%	-5.5%	1.2M	-14.7M	-28.6K	0.04	91.15	N/A	N/A	101	4	4,668	2,370
2025-02-21	$51.23	$48.00	15.1%	4.3%	10.8%	50.6%	14.6%	2.0%	-1.9%	1.4M	-13.4M	-29.2K	0.02	82.96	N/A	N/A	396	6	4,686	2,374
2025-02-24	$51.28	$48.00	12.8%	3.7%	10.7%	36.7%	13.3%	-0.4%	-0.0%	943.8K	-9.8M	-28.8K	0.52	86.77	N/A	N/A	23	12	3,893	2,321
2025-02-25	$51.59	$49.00	14.5%	4.1%	10.8%	46.6%	14.2%	3.0%	-1.3%	969.4K	-10.6M	-29.0K	0.20	90.53	N/A	N/A	71	14	3,907	2,347
2025-02-26	$51.67	$49.00	13.7%	3.9%	10.8%	42.0%	13.1%	-1.6%	-0.9%	1.0M	-11.0M	-27.1K	0.20	91.16	N/A	N/A	119	24	3,904	2,361
2025-02-27	$51.03	$49.00	14.2%	4.1%	11.9%	44.8%	14.9%	-0.3%	-1.1%	939.6K	-9.3M	-30.2K	0.97	89.97	N/A	N/A	216	210	3,936	2,385
2025-02-28	$50.88	$49.00	14.9%	4.3%	11.7%	49.1%	14.4%	5.0%	-1.0%	876.8K	-8.5M	-30.6K	0.32	89.69	N/A	N/A	62	20	3,961	2,594