VEA Options History — December 2025

In December 2025, VEA traded between $61.30 and $62.88. ATM implied volatility averaged 11.2%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 3.2%. IV traded below realized volatility by 0.6% (HV 20d: 11.8%). Max pain ranged from $57.00 to $62.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.25.

Notable Days

  • 2025-12-18: Highest Volume — 41,042 contracts
  • 2025-12-09: Largest IV spike — 42.2% change
  • 2025-12-09: Highest IV Rank — 27.1%
  • 2025-12-09: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.30$61.30$62.88$61.30$62.53
Max Pain$60.82$57.00$62.00$57.00$62.00
ATM IV11.2%8.5%17.0%12.9%10.4%
Expected Move3.2%2.4%4.7%3.7%3.0%
HV 20d11.8%9.0%14.3%14.2%9.3%
HV 60d11.6%11.3%11.8%11.7%11.6%
IV Rank11.6%4.5%27.1%16.3%9.6%
IV Percentile19.9%1.2%88.9%42.5%7.1%
Term Structure1.7%-4.2%4.1%0.4%1.2%
VWIV11.2%8.5%16.1%11.7%10.2%
Skew 25d1.9%-1.5%6.7%4.8%-1.3%
Skew 10d7.0%-1.5%30.5%-1.5%1.7%
Call IV 25d9.6%7.7%12.5%10.3%10.1%
Put IV 25d11.5%8.3%16.4%15.2%8.8%
Bid-Ask Spread %104.6190.05117.04101.70106.67
Gamma HHI0.340.220.450.280.45
Net GEX2.9M998.4K4.0M2.8M3.8M
Net DEX-23.9M-33.0M-8.7M-20.3M-18.0M
Net VEX-50.0K-68.8K-36.6K-41.5K-65.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.000.800.040.80
Total Volume2,160.1827441,04224483
Total OI9,384.9097,31010,6068,8958,984

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$61.30$57.0012.9%3.7%14.2%16.3%11.7%4.8%0.4%2.8M-20.3M-41.5K0.04101.70N/AN/A234106,3422,553
2025-12-02$61.48$57.0013.9%4.0%14.3%19.0%14.6%0.1%-0.7%3.1M-20.3M-41.4K0.1490.05N/AN/A219306,4542,563
2025-12-03$61.81$58.0010.6%3.0%13.6%10.0%14.5%3.5%0.7%2.7M-23.2M-39.7K0.0093.60N/AN/A1,06016,5592,587
2025-12-04$61.89$60.0011.1%3.2%13.5%11.5%12.9%2.6%3.4%2.9M-25.6M-50.0K0.01102.90N/AN/A18827,3602,587
2025-12-05$62.04$60.0010.5%3.0%13.3%9.7%8.7%0.2%1.6%3.0M-27.0M-49.0K0.33112.13N/AN/A61207,4862,587
2025-12-08$61.88$60.0011.9%3.5%13.4%13.6%13.4%4.6%1.1%3.3M-26.3M-48.2K0.79104.72N/AN/A112897,5152,607
2025-12-09$61.86$60.0017.0%4.7%12.6%27.1%16.1%1.9%2.0%3.2M-23.3M-48.4K0.10108.69N/AN/A278287,5672,676
2025-12-10$62.61$61.0010.9%3.1%13.1%10.8%10.9%6.7%-4.2%3.0M-31.7M-40.0K0.02117.04N/AN/A13227,5462,704
2025-12-11$62.84$61.009.9%2.8%12.9%8.2%10.7%3.8%4.0%1.4M-33.0M-37.8K0.26108.41N/AN/A125337,6212,702
2025-12-12$62.44$61.0013.1%3.8%12.5%16.8%13.7%4.7%4.1%3.4M-28.8M-45.3K0.37107.70N/AN/A115427,6462,707
2025-12-15$62.86$61.0010.6%3.0%12.6%10.1%11.1%0.9%4.1%2.0M-32.5M-36.6K0.62105.23N/AN/A134837,5982,740
2025-12-16$62.61$62.009.7%2.8%11.4%7.7%10.1%2.3%1.5%1.4M-31.6M-39.1K0.09100.94N/AN/A359327,6222,818
2025-12-17$62.11$62.0013.7%3.9%11.4%18.3%10.1%-1.5%3.2%3.5M-29.1M-40.8K0.18112.11N/AN/A146267,7642,842
2025-12-18$62.64$62.008.5%2.4%11.4%4.5%10.2%0.0%3.7%998.4K-32.1M-40.0K0.01103.89N/AN/A40,7772657,7132,856
2025-12-19$61.94$62.0010.7%3.1%11.2%10.2%9.9%2.0%1.8%1.9M-8.7M-55.2K0.2599.06N/AN/A7021766,2862,909
2025-12-22$62.14$62.0010.7%3.1%10.4%10.4%9.2%4.0%0.3%3.0M-16.3M-60.6K0.2499.77N/AN/A99246,477833
2025-12-23$62.55$62.009.0%2.6%10.5%5.7%8.6%1.0%2.8%3.5M-18.3M-62.1K0.10101.75N/AN/A6776,5341,025
2025-12-24$62.66$62.0010.1%2.9%10.0%8.7%9.8%-0.4%2.1%3.5M-19.5M-61.7K0.08105.06N/AN/A130106,5771,030
2025-12-26$62.80$62.009.9%2.8%9.1%8.1%8.5%-0.3%2.1%3.7M-19.6M-60.5K0.68104.03N/AN/A8115536,6391,038
2025-12-29$62.70$62.0011.0%3.2%9.2%11.1%11.3%0.9%0.6%3.7M-19.9M-67.7K0.40101.28N/AN/A84347,3171,569
2025-12-30$62.88$62.0010.3%2.9%9.0%9.1%10.1%0.9%1.6%4.0M-20.2M-68.8K0.08114.58N/AN/A131107,3251,603
2025-12-31$62.53$62.0010.4%3.0%9.3%9.6%10.2%-1.3%1.2%3.8M-18.0M-65.0K0.80106.67N/AN/A46377,3791,605