VEA Options History — March 2025

In March 2025, VEA traded between $50.95 and $53.05. ATM implied volatility averaged 16.8%, placing in the 60.5% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 1.2% (HV 20d: 15.6%). Max pain ranged from $47.00 to $52.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.34.

Notable Days

  • 2025-03-06: Highest Volume — 3,218 contracts
  • 2025-03-10: Largest IV spike — 35.2% change
  • 2025-03-10: Highest IV Rank — 97.0%
  • 2025-03-10: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.96$50.95$53.05$51.25$50.95
Max Pain$49.60$47.00$52.00$49.00$52.00
ATM IV16.8%14.6%22.8%19.1%17.0%
Expected Move4.9%3.8%6.5%5.5%4.7%
HV 20d15.6%10.7%17.9%11.6%17.7%
HV 60d13.5%12.0%14.4%12.0%13.9%
IV Rank60.5%47.6%97.0%75.0%61.9%
IV Percentile86.3%70.6%99.2%98.0%91.3%
Term Structure-0.8%-2.6%1.6%-1.7%-0.6%
VWIV17.9%13.9%27.5%17.5%14.1%
Skew 25d2.4%-4.1%5.3%-1.0%5.3%
Skew 10d1.6%-5.4%11.9%0.1%6.4%
Call IV 25d14.7%11.0%17.6%15.1%13.4%
Put IV 25d17.0%10.0%21.7%14.1%18.7%
Bid-Ask Spread %78.6550.1096.5191.9963.91
Gamma HHI0.210.150.360.160.15
Net GEX1.8M773.6K2.4M833.3K1.8M
Net DEX-22.8M-32.0M-9.8M-9.8M-22.8M
Net VEX-64.7K-96.9K-22.1K-26.5K-93.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.012.400.250.26
Total Volume729.619473,21895667
Total OI11,082.6196,56813,5976,56813,578

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$51.25$49.0019.1%5.5%11.6%75.0%17.5%-1.0%-1.7%833.3K-9.8M-26.5K0.2591.99N/AN/A76193,9592,609
2025-03-04$51.55$49.0016.0%4.6%10.7%55.8%16.5%-4.1%-1.8%895.0K-10.3M-30.3K0.3492.41N/AN/A35124,0072,610
2025-03-05$52.59$49.0016.7%4.8%12.1%60.2%17.0%-0.9%-0.9%773.6K-13.7M-22.1K0.1186.44N/AN/A133144,0032,621
2025-03-06$52.06$49.0017.6%5.0%12.6%65.5%18.4%-1.0%-2.6%968.9K-12.3M-27.3K0.0187.79N/AN/A3,193254,0492,631
2025-03-07$52.52$49.0016.8%4.8%12.9%61.0%17.0%2.8%1.2%2.0M-19.9M-50.2K0.0786.29N/AN/A145107,0392,654
2025-03-10$51.30$49.0022.8%6.5%15.3%97.0%23.8%3.8%-2.2%1.8M-13.9M-52.5K0.2789.36N/AN/A73207,1942,660
2025-03-11$51.33$49.0019.1%5.7%15.2%75.0%27.5%4.5%-1.9%1.7M-14.0M-50.1K0.0196.51N/AN/A2,403137,1772,663
2025-03-12$51.64$49.0017.9%6.4%15.3%67.7%20.5%-0.7%-1.6%2.2M-24.7M-66.7K0.6791.02N/AN/A1551049,4372,673
2025-03-13$51.22$49.0018.9%6.1%15.6%73.8%18.6%4.1%-1.4%2.2M-22.3M-67.6K2.4090.41N/AN/A972339,5102,721
2025-03-14$52.16$49.0015.8%5.3%16.3%55.0%19.5%4.9%0.8%2.2M-27.1M-67.6K0.0184.30N/AN/A87799,4812,918
2025-03-17$52.84$47.0014.6%4.6%16.9%47.6%16.9%3.4%1.6%2.3M-30.5M-63.8K0.0550.10N/AN/A350189,3702,923
2025-03-18$52.75$47.0015.3%4.6%16.8%51.7%16.2%3.6%0.9%2.3M-29.2M-69.5K0.2753.26N/AN/A196539,3752,926
2025-03-19$53.05$47.0014.9%3.8%16.6%49.0%13.9%-0.0%1.1%2.4M-31.9M-64.1K0.0278.41N/AN/A599109,4702,943
2025-03-20$52.59$0.0014.7%4.2%17.0%48.1%19.1%3.4%-0.1%1.7M-28.9M-65.5K0.1695.03N/AN/A388619,4432,953
2025-03-21$52.00$49.0016.5%4.4%17.3%58.7%16.3%3.8%-1.3%1.5M-22.9M-67.7K0.1679.67N/AN/A2,0503348,5742,977
2025-03-24$52.09$52.0015.8%4.4%17.3%54.5%18.6%3.6%-0.7%2.2M-30.4M-89.9K0.9371.47N/AN/A1,06599010,3471,471
2025-03-25$52.39$52.0014.7%4.1%17.3%48.0%14.1%2.8%-1.0%2.3M-32.0M-95.4K0.6368.81N/AN/A31619810,6702,492
2025-03-26$51.75$52.0015.8%4.1%17.9%55.0%15.6%4.3%-1.5%2.1M-28.3M-96.8K0.2964.68N/AN/A902610,8432,629
2025-03-27$51.86$52.0015.5%4.0%17.3%52.7%0.0%4.3%-1.6%2.2M-29.0M-95.3K0.2868.36N/AN/A882510,8872,651
2025-03-28$51.23$52.0016.4%4.5%17.8%58.4%16.2%3.1%-0.6%2.0M-25.3M-96.9K0.0561.32N/AN/A145710,9462,651
2025-03-31$50.95$52.0017.0%4.7%17.7%61.9%14.1%5.3%-0.6%1.8M-22.8M-93.8K0.2663.91N/AN/A52913810,9262,652