VGIT Options History — February 2025

In February 2025, VGIT traded between $57.86 and $59.23. ATM implied volatility averaged 4.5%, placing in the 3.9% IV rank vs the trailing year. The 30-day expected move averaged 1.3%. IV traded above realized volatility by 0.1% (HV 20d: 4.3%). Max pain ranged from $58.00 to $58.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.30.

Notable Days

2025-02-13: Highest Volume — 98 contracts
2025-02-06: Largest IV spike — 39.3% change
2025-02-28: Highest IV Rank — 6.5%
2025-02-28: Largest Expected Move — 1.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.42	$57.86	$59.23	$58.11	$59.23
Max Pain	$58.00	$58.00	$58.00	$58.00	$58.00
ATM IV	4.5%	3.4%	5.1%	4.8%	5.1%
Expected Move	1.3%	1.0%	1.5%	1.4%	1.5%
HV 20d	4.3%	4.0%	4.7%	4.4%	4.5%
HV 60d	4.3%	4.0%	4.4%	4.3%	4.3%
IV Rank	3.9%	0.0%	6.5%	3.2%	6.5%
IV Percentile	6.4%	0.0%	24.2%	7.9%	24.2%
Term Structure	0.9%	-0.1%	8.6%	0.3%	0.2%
VWIV	4.3%	3.2%	5.6%	4.8%	3.3%
Skew 25d	-0.1%	-2.2%	1.2%	0.8%	0.8%
Skew 10d	0.1%	-0.8%	2.7%	0.5%	0.1%
Call IV 25d	4.0%	2.8%	5.3%	3.7%	3.7%
Put IV 25d	3.8%	2.8%	4.6%	4.6%	4.5%
Bid-Ask Spread %	93.56	60.96	128.03	123.70	87.54
Gamma HHI	0.46	0.30	0.73	0.53	0.30
Net GEX	194.3K	29.0K	422.9K	188.1K	54.6K
Net DEX	-455.8K	-644.4K	-209.6K	-409.2K	-400.8K
Net VEX	-2.5K	-3.4K	-1.9K	-2.7K	-2.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.30	0.00	2.00	2.00	0.00
Total Volume	12	0	98	3	1
Total OI	542.211	470	615	510	476

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	$58.11	$58.00	4.8%	1.4%	4.4%	3.2%	4.8%	0.8%	0.3%	188.1K	-409.2K	-2.7K	2.00	123.70	N/A	N/A	1	2	384	126
2025-02-04	$58.22	$58.00	4.5%	1.3%	4.4%	2.1%	0.0%	1.0%	0.8%	186.9K	-470.3K	-2.6K	0.00	128.03	N/A	N/A	48	0	384	127
2025-02-05	$58.44	$58.00	3.4%	1.0%	4.6%	0.0%	0.0%	-2.2%	1.6%	169.6K	-644.4K	-3.0K	0.00	113.53	N/A	N/A	0	0	432	127
2025-02-06	$58.36	$58.00	4.7%	1.4%	4.5%	4.9%	0.0%	-0.0%	0.4%	176.2K	-589.8K	-3.0K	0.00	105.30	N/A	N/A	0	0	432	127
2025-02-07	$58.22	$58.00	4.7%	1.4%	4.7%	4.9%	0.0%	-0.9%	8.6%	226.1K	-514.6K	-3.0K	0.00	106.80	N/A	N/A	16	0	432	127
2025-02-10	$58.20	$58.00	3.8%	1.3%	4.0%	1.6%	0.0%	-0.4%	0.0%	254.7K	-536.4K	-3.0K	0.00	110.82	N/A	N/A	0	0	448	127
2025-02-11	$58.14	$58.00	4.7%	1.3%	4.0%	4.9%	0.0%	-0.6%	0.2%	288.3K	-486.2K	-3.0K	0.00	126.79	N/A	N/A	25	0	448	127
2025-02-12	$57.86	$58.00	4.4%	1.3%	4.5%	3.8%	0.0%	-0.4%	0.1%	422.9K	-255.1K	-3.1K	0.00	86.11	N/A	N/A	15	0	473	127
2025-02-13	$58.11	$58.00	4.3%	1.2%	4.0%	3.5%	0.0%	0.7%	0.1%	296.4K	-555.3K	-3.4K	0.26	86.01	N/A	N/A	78	20	488	127
2025-02-14	$58.30	$58.00	4.3%	1.2%	4.0%	3.3%	0.0%	-0.8%	0.0%	212.2K	-551.2K	-2.4K	0.00	71.76	N/A	N/A	0	0	425	147
2025-02-18	$58.11	$58.00	4.1%	1.2%	4.2%	2.8%	4.1%	0.4%	0.5%	390.9K	-442.8K	-2.3K	2.00	82.23	N/A	N/A	2	4	425	147
2025-02-19	$58.20	$58.00	4.5%	1.3%	4.2%	4.2%	0.0%	0.8%	-0.1%	363.9K	-553.9K	-2.2K	0.00	82.01	N/A	N/A	0	0	425	151
2025-02-20	$58.28	$58.00	4.3%	1.2%	4.2%	3.5%	0.0%	1.2%	0.2%	144.2K	-456.2K	-2.2K	0.00	83.33	N/A	N/A	2	0	425	151
2025-02-21	$58.53	$58.00	4.1%	1.2%	4.4%	2.9%	4.7%	-1.6%	0.1%	142.8K	-595.2K	-2.1K	0.00	81.90	N/A	N/A	4	0	425	151
2025-02-24	$58.63	$58.00	4.6%	1.3%	4.4%	4.6%	3.2%	-1.8%	-0.0%	29.0K	-209.6K	-2.0K	0.00	60.96	N/A	N/A	2	0	325	145
2025-02-25	$58.92	$58.00	4.9%	1.4%	4.4%	5.9%	0.0%	-0.0%	3.5%	42.2K	-300.2K	-2.0K	0.00	82.24	N/A	N/A	4	0	327	145
2025-02-26	$59.05	$58.00	4.9%	1.4%	4.4%	5.6%	0.0%	0.2%	0.1%	50.1K	-347.9K	-1.9K	0.00	79.32	N/A	N/A	1	0	329	145
2025-02-27	$59.00	$58.00	4.7%	1.4%	4.4%	5.1%	5.6%	0.3%	0.3%	52.5K	-341.0K	-1.9K	0.00	79.21	N/A	N/A	3	0	330	145
2025-02-28	$59.23	$58.00	5.1%	1.5%	4.5%	6.5%	3.3%	0.8%	0.2%	54.6K	-400.8K	-2.0K	0.00	87.54	N/A	N/A	1	0	331	145