VGIT Options History — May 2025

In May 2025, VGIT traded between $58.61 and $59.52. ATM implied volatility averaged 5.8%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 1.6%. IV traded above realized volatility by 0.2% (HV 20d: 5.6%). Max pain ranged from $58.00 to $60.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.66.

Notable Days

2025-05-23: Highest Volume — 30 contracts
2025-05-08: Largest IV spike — 170.2% change
2025-05-09: Highest IV Rank — 33.0%
2025-05-27: Largest Expected Move — 2.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.02	$58.61	$59.52	$59.52	$59.28
Max Pain	$59.29	$58.00	$60.00	$59.00	$59.00
ATM IV	5.8%	4.0%	11.8%	5.6%	5.0%
Expected Move	1.6%	1.4%	2.2%	1.6%	1.4%
HV 20d	5.6%	4.6%	7.4%	7.4%	4.6%
HV 60d	5.5%	5.5%	5.7%	5.5%	5.5%
IV Rank	9.6%	2.4%	33.0%	8.7%	6.4%
IV Percentile	37.9%	0.8%	98.4%	45.6%	25.4%
Term Structure	0.1%	-4.3%	4.9%	-0.5%	0.3%
VWIV	5.4%	3.4%	6.5%	6.5%	5.8%
Skew 25d	0.2%	-2.1%	7.8%	7.8%	-1.1%
Skew 10d	-0.8%	-8.0%	3.6%	3.6%	-1.6%
Call IV 25d	5.4%	3.9%	6.9%	6.0%	5.6%
Put IV 25d	5.5%	3.5%	13.8%	13.8%	4.5%
Bid-Ask Spread %	71.68	56.83	147.79	70.93	81.44
Gamma HHI	0.32	0.24	0.42	0.39	0.30
Net GEX	47.7K	-60.7K	129.3K	121.9K	129.3K
Net DEX	-229.9K	-490.1K	40.7K	-490.1K	-350.5K
Net VEX	-2.6K	-3.4K	-2.2K	-3.2K	-2.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.00	10.00	0.00	0.00
Total Volume	5.667	0	30	6	7
Total OI	588.286	513	642	617	559

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
2025-05-01	$59.52	$59.00	5.6%	1.6%	7.4%	8.7%	6.5%	7.8%	-0.5%	121.9K	-490.1K	-3.2K	0.00	70.93	N/A	N/A	6	0	307	310
2025-05-02	$59.25	$59.00	5.2%	1.5%	6.7%	7.3%	6.5%	-1.0%	0.5%	87.2K	-335.1K	-3.1K	1.00	62.93	N/A	N/A	1	1	308	310
2025-05-05	$59.18	$60.00	4.9%	1.6%	6.7%	6.0%	0.0%	-1.3%	-0.0%	84.7K	-325.5K	-2.9K	0.00	66.40	N/A	N/A	2	0	307	311
2025-05-06	$59.30	$60.00	4.8%	1.6%	6.3%	5.5%	0.0%	-1.5%	-0.1%	104.4K	-373.9K	-2.9K	0.00	67.36	N/A	N/A	0	2	307	311
2025-05-07	$59.39	$60.00	4.4%	1.6%	6.3%	3.9%	0.0%	-0.1%	-0.1%	125.3K	-416.3K	-2.9K	0.00	67.91	N/A	N/A	1	0	307	315
2025-05-08	$59.08	$60.00	11.8%	2.1%	5.7%	32.8%	0.0%	-1.6%	-4.3%	57.0K	-260.3K	-2.8K	0.00	64.82	N/A	N/A	1	0	308	315
2025-05-09	$59.09	$60.00	11.8%	1.5%	5.7%	33.0%	5.4%	-1.5%	0.1%	48.3K	-249.5K	-2.8K	0.00	56.83	N/A	N/A	1	0	309	315
2025-05-12	$58.80	$60.00	5.3%	1.5%	5.6%	7.4%	0.0%	-0.5%	0.2%	-960	-138.1K	-2.6K	0.00	64.60	N/A	N/A	1	0	310	315
2025-05-13	$58.73	$60.00	4.0%	1.5%	5.1%	2.4%	0.0%	-0.5%	-0.1%	-34.6K	-63.9K	-2.5K	0.00	70.30	N/A	N/A	5	0	310	317
2025-05-14	$58.61	$60.00	5.3%	1.5%	5.1%	7.7%	3.4%	1.0%	-0.0%	-60.7K	40.7K	-2.6K	0.00	66.05	N/A	N/A	1	0	311	317
2025-05-15	$58.91	$60.00	5.4%	1.5%	5.3%	8.0%	5.4%	-0.6%	0.1%	-42.0K	-145.8K	-2.4K	0.13	59.35	N/A	N/A	16	2	312	317
2025-05-16	$58.92	$58.00	5.1%	1.5%	5.3%	6.8%	5.2%	-0.3%	0.2%	-31.3K	-166.0K	-2.4K	0.07	60.05	N/A	N/A	14	1	325	317
2025-05-19	$58.92	$58.00	5.4%	1.5%	5.2%	7.8%	5.7%	-2.1%	-0.4%	56.9K	-196.6K	-2.5K	0.00	64.82	N/A	N/A	6	0	267	246
2025-05-20	$58.91	$58.00	5.3%	1.5%	5.2%	7.5%	5.3%	-0.2%	0.0%	62.2K	-206.5K	-2.3K	10.00	68.41	N/A	N/A	1	10	273	246
2025-05-21	$58.67	$59.00	5.2%	1.5%	5.4%	7.1%	0.0%	0.3%	0.2%	-2.4K	-49.4K	-2.3K	0.00	68.68	N/A	N/A	4	0	272	256
2025-05-22	$58.81	$59.00	5.2%	1.5%	5.3%	7.0%	0.0%	0.8%	0.2%	17.4K	-100.1K	-2.4K	0.00	65.31	N/A	N/A	0	2	273	256
2025-05-23	$58.92	$59.00	5.1%	1.5%	5.2%	6.9%	5.1%	-0.4%	0.4%	31.8K	-173.8K	-2.2K	0.07	65.14	N/A	N/A	28	2	273	258
2025-05-27	$59.06	$59.00	7.7%	2.2%	5.1%	16.8%	0.0%	6.5%	4.9%	53.0K	-283.8K	-3.4K	0.00	147.79	N/A	N/A	0	0	301	260
2025-05-28	$58.97	$59.00	5.0%	1.4%	5.0%	6.3%	5.0%	-0.3%	0.4%	86.1K	-245.5K	-2.2K	0.00	83.39	N/A	N/A	4	0	301	260
2025-05-29	$59.14	$59.00	5.1%	1.5%	5.1%	6.8%	0.0%	0.2%	0.1%	109.0K	-298.5K	-2.3K	0.00	82.76	N/A	N/A	0	0	302	260
2025-05-30	$59.28	$59.00	5.0%	1.4%	4.6%	6.4%	5.8%	-1.1%	0.3%	129.3K	-350.5K	-2.3K	0.00	81.44	N/A	N/A	7	0	299	260