VEA Options History — May 2025

In May 2025, VEA traded between $52.86 and $55.78. ATM implied volatility averaged 14.0%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 3.3% (HV 20d: 17.4%). Max pain ranged from $47.00 to $50.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2025-05-29: Highest Volume — 4,120 contracts
  • 2025-05-20: Largest IV spike — 36.4% change
  • 2025-05-07: Highest IV Rank — 27.8%
  • 2025-05-08: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.40$52.86$55.78$52.86$55.58
Max Pain$47.43$47.00$50.00$50.00$50.00
ATM IV14.0%10.0%17.2%15.4%11.2%
Expected Move4.1%2.9%5.0%4.4%3.2%
HV 20d17.4%7.9%43.5%43.5%9.5%
HV 60d27.2%27.0%27.4%27.3%27.0%
IV Rank19.4%8.5%27.8%22.9%11.6%
IV Percentile54.7%10.3%85.3%70.2%20.6%
Term Structure1.3%-1.3%7.5%1.7%7.3%
VWIV15.2%11.8%24.9%15.9%12.0%
Skew 25d6.0%-0.5%12.7%4.3%12.7%
Skew 10d5.9%-0.1%14.1%4.1%6.1%
Call IV 25d10.5%6.0%13.8%13.8%6.0%
Put IV 25d16.5%9.0%19.3%18.1%18.7%
Bid-Ask Spread %81.2771.8593.0885.4185.75
Gamma HHI0.210.160.270.160.21
Net GEX1.9M1.4M2.5M2.0M1.6M
Net DEX-42.1M-46.3M-37.1M-39.0M-46.3M
Net VEX-60.2K-79.3K-47.7K-79.3K-59.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.014.610.630.13
Total Volume551.238334,12020835
Total OI14,188.1912,57815,31815,02714,410

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$52.86$50.0015.4%4.4%43.5%22.9%15.9%4.3%1.7%2.0M-39.0M-79.3K0.6385.41N/AN/A1288011,5643,463
2025-05-02$53.61$50.0013.9%4.0%42.8%18.9%15.0%7.3%2.3%2.1M-43.5M-75.5K0.7682.44N/AN/A18514011,6733,539
2025-05-05$53.77$47.0014.5%4.7%36.3%20.7%24.9%-0.5%-0.3%2.1M-44.6M-72.7K0.0879.63N/AN/A1,39811111,7123,606
2025-05-06$53.81$47.0014.9%4.8%33.9%21.8%14.0%5.0%0.5%2.1M-39.9M-67.0K0.5577.33N/AN/A643510,7403,613
2025-05-07$53.61$47.0017.2%4.7%33.1%27.8%17.5%8.3%0.6%2.1M-38.9M-66.3K4.6179.49N/AN/A6630410,7683,624
2025-05-08$53.44$47.0017.1%5.0%20.1%27.6%15.8%5.9%-0.4%2.2M-37.1M-69.9K0.1880.91N/AN/A28510,8043,849
2025-05-09$53.61$47.0014.8%4.7%16.2%21.3%14.6%9.0%0.7%2.2M-38.5M-67.0K0.0971.85N/AN/A66610,8183,880
2025-05-12$53.83$47.0015.3%4.3%12.0%22.6%16.3%6.8%1.4%2.3M-39.7M-64.2K0.0873.98N/AN/A1741410,8463,881
2025-05-13$54.11$47.0013.6%3.9%11.3%18.3%13.4%7.2%0.7%2.2M-42.1M-58.9K1.8580.10N/AN/A8615910,8433,882
2025-05-14$53.80$47.0013.5%3.9%11.8%17.9%17.5%7.5%1.8%2.5M-41.0M-56.9K0.5782.06N/AN/A37621410,8703,897
2025-05-15$54.33$47.0015.0%4.3%11.6%22.0%15.1%3.7%-0.1%2.1M-45.1M-52.1K0.5381.23N/AN/A22311911,0093,801
2025-05-16$54.48$47.0013.4%3.8%11.1%17.6%14.3%2.3%0.6%1.8M-45.7M-52.2K0.1784.99N/AN/A97317011,0633,886
2025-05-19$54.84$47.0010.0%2.9%10.4%8.5%15.7%6.2%7.5%1.6M-42.0M-51.5K0.4688.01N/AN/A50723210,0552,523
2025-05-20$55.20$47.0013.6%3.9%8.4%18.3%13.1%-0.5%0.1%1.5M-43.3M-51.7K0.7881.42N/AN/A17013210,1592,657
2025-05-21$54.98$47.0015.1%4.3%8.8%22.2%15.9%6.8%-1.3%1.5M-42.4M-54.9K1.0878.76N/AN/A31934610,2732,747
2025-05-22$54.91$47.0010.4%3.0%7.9%9.7%12.8%2.0%4.8%1.5M-40.2M-58.2K1.9193.08N/AN/A8516210,3232,941
2025-05-23$55.02$47.0014.0%4.0%7.9%19.2%14.1%5.3%1.1%1.5M-42.1M-54.1K0.6882.11N/AN/A724910,3623,084
2025-05-27$55.78$47.0013.1%3.8%8.8%16.8%11.8%9.8%0.3%1.4M-45.9M-47.7K0.5375.80N/AN/A1115910,4093,133
2025-05-28$55.30$47.0015.0%4.3%9.7%22.1%14.9%6.5%-1.2%1.4M-42.9M-52.4K0.7778.15N/AN/A302310,4273,189
2025-05-29$55.52$47.0013.8%4.0%9.5%18.8%13.9%10.0%0.1%1.4M-43.7M-52.3K0.0184.20N/AN/A4,0754510,4433,186
2025-05-30$55.58$50.0011.2%3.2%9.5%11.6%12.0%12.7%7.3%1.6M-46.3M-59.6K0.1385.75N/AN/A31411,1883,222