VGIT Options History — March 2025

In March 2025, VGIT traded between $58.86 and $59.39. ATM implied volatility averaged 5.3%, placing in the 7.6% IV rank vs the trailing year. The 30-day expected move averaged 1.5%. IV traded above realized volatility by 0.8% (HV 20d: 4.5%). Max pain ranged from $58.00 to $60.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.25.

Notable Days

2025-03-10: Highest Volume — 48 contracts
2025-03-25: Largest IV spike — 62.8% change
2025-03-25: Highest IV Rank — 16.9%
2025-03-11: Largest Expected Move — 1.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.06	$58.86	$59.39	$59.25	$59.39
Max Pain	$58.70	$58.00	$60.00	$58.00	$60.00
ATM IV	5.3%	4.5%	7.7%	5.5%	5.1%
Expected Move	1.5%	1.3%	1.8%	1.6%	1.5%
HV 20d	4.5%	4.1%	5.0%	4.4%	4.4%
HV 60d	4.4%	4.3%	4.5%	4.3%	4.4%
IV Rank	7.6%	4.5%	16.9%	7.9%	6.9%
IV Percentile	32.3%	6.0%	90.9%	34.5%	29.0%
Term Structure	-0.4%	-6.0%	0.4%	0.3%	0.2%
VWIV	5.3%	4.3%	6.1%	6.1%	5.5%
Skew 25d	-0.9%	-6.1%	4.9%	-0.2%	-1.1%
Skew 10d	-0.8%	-5.4%	5.6%	-0.5%	-0.5%
Call IV 25d	5.2%	3.7%	10.0%	5.7%	5.9%
Put IV 25d	4.3%	3.3%	9.1%	5.6%	4.8%
Bid-Ask Spread %	71.35	54.36	109.05	62.73	63.59
Gamma HHI	0.32	0.24	0.40	0.28	0.29
Net GEX	71.3K	-4.5K	157.7K	54.9K	43.7K
Net DEX	-341.1K	-457.8K	-204.6K	-400.4K	-392.0K
Net VEX	-2.2K	-2.5K	-1.8K	-1.8K	-2.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.25	0.00	5.33	3.00	0.00
Total Volume	10.81	0	48	4	4
Total OI	541.714	468	601	468	599

Daily Data (21 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
2025-03-03	$59.25	$58.00	5.5%	1.6%	4.4%	7.9%	0.0%	-0.2%	0.3%	54.9K	-400.4K	-1.8K	3.00	62.73	N/A	N/A	1	3	323	145
2025-03-04	$59.13	$58.00	5.0%	1.4%	4.5%	6.3%	6.1%	1.1%	0.3%	55.8K	-368.8K	-1.9K	0.25	72.76	N/A	N/A	12	3	324	148
2025-03-05	$58.91	$58.00	5.4%	1.5%	4.7%	7.5%	0.0%	-1.7%	-0.5%	67.4K	-336.1K	-1.9K	0.00	72.38	N/A	N/A	0	0	334	149
2025-03-06	$58.94	$58.00	6.1%	1.8%	4.6%	10.4%	6.1%	-1.5%	-0.8%	61.5K	-338.3K	-2.0K	0.00	76.27	N/A	N/A	3	0	334	149
2025-03-07	$58.86	$58.00	5.5%	1.6%	4.6%	8.0%	0.0%	-1.7%	-0.5%	67.6K	-315.8K	-1.9K	0.00	73.82	N/A	N/A	5	0	334	149
2025-03-10	$59.20	$58.00	6.2%	1.8%	4.8%	10.6%	4.3%	-0.7%	-0.8%	80.6K	-429.3K	-1.8K	5.00	78.20	N/A	N/A	8	40	339	149
2025-03-11	$59.03	$58.00	5.6%	1.8%	5.0%	8.3%	0.0%	-2.1%	-0.7%	73.3K	-340.1K	-2.3K	0.00	72.96	N/A	N/A	0	4	346	169
2025-03-12	$58.91	$58.00	5.4%	1.6%	5.0%	7.5%	0.0%	-2.1%	-0.4%	76.3K	-291.9K	-2.2K	0.00	83.21	N/A	N/A	0	0	346	169
2025-03-13	$59.09	$58.00	5.4%	1.4%	4.7%	7.7%	0.0%	-2.0%	-0.2%	96.6K	-368.0K	-2.2K	0.12	79.77	N/A	N/A	41	5	346	169
2025-03-14	$58.92	$58.00	5.0%	1.4%	4.7%	6.0%	0.0%	4.9%	0.0%	113.0K	-342.9K	-2.5K	5.33	92.00	N/A	N/A	6	32	387	172
2025-03-17	$58.91	$58.00	5.5%	1.4%	4.6%	8.2%	0.0%	-0.3%	-0.4%	138.8K	-323.3K	-2.4K	0.00	59.50	N/A	N/A	0	0	391	203
2025-03-18	$59.00	$58.00	5.0%	1.4%	4.4%	6.4%	0.0%	-0.2%	-0.1%	157.7K	-371.5K	-2.4K	0.00	58.89	N/A	N/A	0	0	391	203
2025-03-19	$59.11	$58.00	5.0%	1.3%	4.4%	6.5%	4.6%	-0.0%	-0.4%	152.0K	-412.7K	-2.2K	0.00	109.05	N/A	N/A	4	0	391	203
2025-03-20	$59.19	$0.00	4.6%	1.4%	4.4%	4.7%	5.3%	-6.1%	0.4%	90.5K	-443.8K	-2.4K	0.00	62.88	N/A	N/A	3	0	395	203
2025-03-21	$59.20	$60.00	4.5%	1.4%	4.2%	4.5%	0.0%	-1.7%	0.2%	136.1K	-457.8K	-2.2K	0.12	67.13	N/A	N/A	17	2	398	203
2025-03-24	$58.95	$60.00	4.7%	1.4%	4.5%	5.3%	0.0%	-0.3%	0.1%	14.5K	-240.3K	-2.1K	5.00	63.87	N/A	N/A	2	10	356	198
2025-03-25	$59.05	$60.00	7.7%	1.4%	4.2%	16.9%	0.0%	-2.1%	-6.0%	-1.4K	-236.0K	-2.2K	0.00	54.36	N/A	N/A	4	0	354	208
2025-03-26	$58.97	$60.00	4.9%	1.4%	4.1%	6.1%	0.0%	0.2%	0.1%	-867	-227.6K	-2.2K	0.00	61.89	N/A	N/A	0	0	358	208
2025-03-27	$58.97	$60.00	5.0%	1.4%	4.1%	6.5%	0.0%	0.2%	-0.2%	-4.5K	-204.6K	-2.2K	0.00	68.66	N/A	N/A	1	0	358	208
2025-03-28	$59.30	$60.00	5.0%	1.4%	4.4%	6.5%	5.5%	-0.9%	-0.0%	24.4K	-322.7K	-2.2K	0.00	64.49	N/A	N/A	17	0	359	208
2025-03-31	$59.39	$60.00	5.1%	1.5%	4.4%	6.9%	0.0%	-1.1%	0.2%	43.7K	-392.0K	-2.2K	0.00	63.59	N/A	N/A	4	0	391	208