VNQ Options History — January 2025

In January 2025, VNQ traded between $85.69 and $91.66. ATM implied volatility averaged 17.1%, placing in the 29.2% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded below realized volatility by 2.1% (HV 20d: 19.2%). Max pain ranged from $87.00 to $90.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.29.

Notable Days

  • 2025-01-16: Highest Volume — 6,016 contracts
  • 2025-01-10: Largest IV spike — 14.3% change
  • 2025-01-13: Highest IV Rank — 49.0%
  • 2025-01-13: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$89.15$85.69$91.66$88.19$90.47
Max Pain$88.65$87.00$90.00$90.00$89.00
ATM IV17.1%15.3%19.7%17.2%17.7%
Expected Move4.9%4.4%5.6%5.2%5.2%
HV 20d19.2%17.4%22.7%17.4%18.1%
HV 60d17.5%16.6%18.1%16.6%17.8%
IV Rank29.2%16.1%49.0%29.9%33.7%
IV Percentile51.0%20.6%89.7%50.4%62.7%
Term Structure0.0%-0.7%1.3%-0.2%0.1%
VWIV17.2%14.7%20.5%17.3%17.5%
Skew 25d2.8%0.6%4.0%3.2%2.5%
Skew 10d6.2%1.0%13.2%13.2%5.5%
Call IV 25d15.9%14.1%19.4%15.6%16.6%
Put IV 25d18.8%16.5%22.0%18.8%19.1%
Bid-Ask Spread %13.257.9039.5518.9211.64
Gamma HHI0.090.060.290.070.29
Net GEX317.2K-2.3M4.5M-1.0M4.5M
Net DEX31.5M3.3M74.5M48.6M13.9M
Net VEX-561.0K-605.7K-493.0K-559.2K-598.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.290.145.014.610.20
Total Volume2,422.555716,0162,5602,816
Total OI45,621.1535,46653,44650,86539,783

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$88.19$90.0017.2%5.2%17.4%29.9%17.3%3.2%-0.2%-1.0M48.6M-559.2K4.6118.92N/AN/A4562,10421,92228,943
2025-01-03$89.47$90.0016.4%4.5%18.7%23.9%17.2%2.7%0.2%171.5K34.6M-573.1K0.168.95N/AN/A1,12017822,01028,984
2025-01-06$88.38$87.0017.2%5.0%18.9%29.8%16.3%3.1%0.2%-1.5M47.2M-551.6K0.488.39N/AN/A76036721,76628,890
2025-01-07$87.25$88.0018.5%5.2%19.1%39.9%17.0%0.6%0.1%-1.9M59.0M-533.8K0.3112.90N/AN/A1,08333422,19529,114
2025-01-08$87.55$88.0017.0%5.1%19.1%28.7%17.9%4.0%1.3%-1.6M55.8M-537.9K5.019.04N/AN/A8224,11722,48229,157
2025-01-10$85.69$88.0019.5%5.4%19.7%47.0%20.1%3.9%0.4%-2.3M74.5M-493.0K1.0039.55N/AN/A1,3231,31922,57229,005
2025-01-13$86.31$88.0019.7%5.6%20.2%49.0%20.5%3.6%-0.3%-2.3M65.1M-502.8K3.3110.45N/AN/A7092,34722,32029,299
2025-01-14$87.48$89.0019.3%5.5%21.0%46.0%17.7%4.0%-0.3%-2.0M50.8M-520.9K0.449.95N/AN/A58826122,60329,285
2025-01-15$87.93$89.0016.8%4.8%21.2%26.7%16.1%2.5%-0.1%-1.1M43.7M-527.6K0.647.90N/AN/A1,27081023,32729,684
2025-01-16$89.68$89.0016.8%4.7%22.7%26.8%18.1%2.8%-0.7%-557.0K12.4M-556.5K4.9516.47N/AN/A1,0115,00523,76429,571
2025-01-17$89.81$89.0015.8%4.4%22.7%19.4%14.7%2.7%-0.6%972.5K13.3M-556.4K0.4810.78N/AN/A2,6951,29823,97329,473
2025-01-21$91.20$89.0015.7%4.5%18.6%18.5%15.2%2.6%-0.1%1.5M10.2M-579.2K0.1410.35N/AN/A1,59122117,64417,822
2025-01-22$89.97$89.0015.8%4.5%18.8%19.2%18.6%2.6%-0.1%1.7M21.1M-568.8K0.8010.16N/AN/A1,6751,33618,42417,891
2025-01-23$90.27$89.0015.4%4.4%18.1%16.3%16.0%2.7%-0.0%2.1M18.4M-580.7K1.6014.94N/AN/A1,3832,21018,50819,214
2025-01-24$90.81$88.0015.3%4.4%17.7%16.1%15.3%1.9%0.1%2.2M6.7M-599.1K0.2813.99N/AN/A1,36837819,06519,308
2025-01-27$91.66$88.0017.2%5.0%17.8%30.3%17.1%3.0%-0.1%1.9M3.3M-605.7K0.2613.34N/AN/A1,01425918,48019,210
2025-01-28$90.85$88.0016.5%4.8%18.2%24.5%16.4%3.0%0.2%2.0M11.4M-600.1K0.5112.38N/AN/A37719419,20519,265
2025-01-29$89.80$89.0016.9%5.2%18.2%27.7%18.0%2.5%0.1%1.2M23.2M-583.5K0.259.64N/AN/A1,61640419,36419,404
2025-01-30$90.15$89.0017.4%5.2%18.2%31.2%17.1%2.9%0.3%2.5M16.1M-591.1K0.2715.33N/AN/A1,28135119,83119,666
2025-01-31$90.47$89.0017.7%5.2%18.1%33.7%17.5%2.5%0.1%4.5M13.9M-598.7K0.2011.64N/AN/A2,33947720,00519,778