VEA Options History — September 2025

In September 2025, VEA traded between $58.14 and $60.28. ATM implied volatility averaged 12.8%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 2.3% (HV 20d: 10.5%). Max pain ranged from $50.00 to $61.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.58.

Notable Days

  • 2025-09-16: Highest Volume — 997 contracts
  • 2025-09-15: Largest IV spike — 11.7% change
  • 2025-09-02: Highest IV Rank — 23.2%
  • 2025-09-02: Largest Expected Move — 4.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.52$58.14$60.28$58.14$59.89
Max Pain$58.52$50.00$61.00$50.00$60.00
ATM IV12.8%11.2%15.5%15.5%11.3%
Expected Move3.6%3.2%4.4%4.4%3.2%
HV 20d10.5%8.9%11.4%10.8%9.0%
HV 60d11.6%11.0%12.4%12.2%11.0%
IV Rank16.0%11.5%23.2%23.2%11.9%
IV Percentile34.2%11.9%72.6%72.6%12.3%
Term Structure0.8%-1.6%1.7%-1.6%1.2%
VWIV12.7%10.4%15.8%15.8%11.3%
Skew 25d3.6%-2.9%7.1%7.1%4.4%
Skew 10d3.5%-1.3%9.2%1.3%5.0%
Call IV 25d10.3%6.1%13.2%9.6%9.2%
Put IV 25d13.9%7.5%16.7%16.7%13.7%
Bid-Ask Spread %73.9142.1393.5875.0646.40
Gamma HHI0.260.130.520.220.22
Net GEX1.3M604.0K1.8M1.3M957.9K
Net DEX-19.0M-30.1M-7.0M-19.2M-9.8M
Net VEX-44.1K-50.7K-37.0K-44.1K-47.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.043.320.080.14
Total Volume266.6193299712432
Total OI7,848.2385,64210,0138,2966,322

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$58.14$50.0015.5%4.4%10.8%23.2%15.8%7.1%-1.6%1.3M-19.2M-44.1K0.0875.06N/AN/A11595,9702,326
2025-09-03$58.25$50.0015.4%4.4%10.8%22.9%13.9%1.8%-1.2%1.4M-19.7M-44.3K0.6282.02N/AN/A68426,0072,343
2025-09-04$58.66$59.0014.1%3.9%10.7%19.3%14.4%6.2%0.3%1.4M-21.4M-43.2K0.2481.74N/AN/A121296,0332,385
2025-09-05$58.95$59.0013.6%3.6%10.7%18.1%13.4%3.5%1.2%1.5M-22.8M-42.8K0.3481.43N/AN/A253856,0892,388
2025-09-08$59.52$58.0013.2%3.4%11.0%16.9%12.4%4.0%1.1%1.5M-25.0M-40.6K0.0474.64N/AN/A336136,1242,402
2025-09-09$59.36$58.0013.7%3.6%11.0%18.4%12.5%4.0%0.9%1.6M-24.9M-41.5K0.4686.94N/AN/A124576,2442,411
2025-09-10$59.39$58.0012.7%3.6%10.4%15.6%11.4%3.8%0.6%1.6M-24.9M-41.7K0.0979.73N/AN/A141136,2662,432
2025-09-11$60.05$58.0012.0%3.4%10.9%13.8%12.0%3.7%1.6%1.6M-27.6M-39.8K0.1982.06N/AN/A227436,3392,435
2025-09-12$59.86$58.0011.2%3.2%11.0%11.5%15.1%3.4%1.7%1.8M-27.3M-38.5K2.7788.83N/AN/A651806,3712,471
2025-09-15$60.28$61.0012.5%3.6%11.1%15.0%12.2%5.5%0.8%1.7M-28.1M-37.0K0.8374.82N/AN/A3042536,3722,645
2025-09-16$60.23$60.0013.6%3.9%11.1%18.0%13.8%5.8%0.1%1.8M-27.5M-41.0K0.0481.92N/AN/A960376,6282,873
2025-09-17$60.02$60.0012.6%3.6%11.2%15.5%12.7%4.3%1.2%1.8M-28.6M-43.7K0.4093.58N/AN/A2821136,9742,906
2025-09-18$60.19$60.0012.0%3.4%11.2%13.8%11.4%2.6%1.1%735.3K-30.1M-44.0K0.1178.65N/AN/A309347,0103,003
2025-09-19$59.71$60.0011.4%3.3%11.4%12.1%11.2%-2.9%1.0%604.0K-8.9M-46.6K0.0987.27N/AN/A214193,8153,013
2025-09-22$59.97$60.0011.8%3.4%10.0%13.3%11.4%5.1%1.4%859.5K-10.1M-45.7K1.1977.83N/AN/A1171393,8031,839
2025-09-23$59.88$60.0013.0%3.7%8.9%16.4%12.6%2.4%0.6%886.5K-10.0M-47.7K0.3254.28N/AN/A144463,8861,939
2025-09-24$59.45$60.0012.9%3.7%9.4%16.3%12.7%2.9%0.9%914.0K-8.9M-48.8K3.3260.48N/AN/A812693,9621,978
2025-09-25$59.00$60.0013.3%3.8%9.8%17.4%13.0%0.3%1.0%725.1K-7.0M-50.7K0.3466.58N/AN/A104354,0142,222
2025-09-26$59.38$60.0012.1%3.5%10.0%14.1%10.4%3.5%0.8%827.0K-8.5M-49.6K0.0555.69N/AN/A7844,0692,201
2025-09-29$59.67$60.0011.3%3.2%9.9%11.9%12.3%3.6%1.1%911.4K-9.6M-46.9K0.6042.13N/AN/A65394,0992,204
2025-09-30$59.89$60.0011.3%3.2%9.0%11.9%11.3%4.4%1.2%957.9K-9.8M-47.1K0.1446.40N/AN/A2844,1022,220