VNQ Options History — February 2025

In February 2025, VNQ traded between $90.28 and $93.64. ATM implied volatility averaged 17.5%, placing in the 32.6% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 4.9% (HV 20d: 12.6%). Max pain ranged from $89.00 to $93.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.87.

Notable Days

  • 2025-02-13: Highest Volume — 3,226 contracts
  • 2025-02-21: Largest IV spike — 8.3% change
  • 2025-02-27: Highest IV Rank — 52.1%
  • 2025-02-03: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$91.97$90.28$93.64$90.28$93.64
Max Pain$92.37$89.00$93.00$89.00$93.00
ATM IV17.5%15.8%20.1%18.7%18.5%
Expected Move5.1%4.6%5.7%5.7%5.3%
HV 20d12.6%8.3%17.9%17.9%8.4%
HV 60d16.8%16.3%17.7%17.7%16.3%
IV Rank32.6%19.8%52.1%40.9%39.8%
IV Percentile61.3%32.9%93.3%78.2%79.4%
Term Structure0.1%-0.8%0.7%-0.1%-0.4%
VWIV17.1%12.3%20.9%20.9%18.0%
Skew 25d3.0%2.3%4.2%2.7%3.4%
Skew 10d6.5%5.1%8.2%5.5%6.9%
Call IV 25d16.0%14.5%18.5%17.2%16.5%
Put IV 25d19.0%16.9%22.2%19.9%19.9%
Bid-Ask Spread %13.669.7227.0218.5810.91
Gamma HHI0.100.050.280.050.15
Net GEX2.5M1.0M5.4M1.0M2.3M
Net DEX6.2M-3.2M19.4M19.4M-3.2M
Net VEX-601.1K-619.2K-583.4K-602.8K-598.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.154.480.420.19
Total Volume1,450.5793123,2262,1321,465
Total OI40,507.78938,36541,88139,37639,933

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$90.28$89.0018.7%5.7%17.9%40.9%20.9%2.7%-0.1%1.0M19.4M-602.8K0.4218.58N/AN/A1,49863419,45419,922
2025-02-04$90.50$89.0017.5%5.3%17.2%32.2%18.3%2.7%0.3%1.5M17.1M-601.1K0.4410.17N/AN/A38817219,93020,270
2025-02-05$91.66$89.0016.8%4.9%17.0%26.6%16.8%2.5%0.3%2.3M1.5M-616.4K0.2914.70N/AN/A1,32438420,19320,391
2025-02-06$91.62$93.0016.6%4.8%16.2%25.3%16.5%2.5%0.2%2.9M2.4M-619.2K0.7015.87N/AN/A61643020,53720,668
2025-02-07$91.53$93.0016.8%4.8%16.2%26.7%16.8%2.6%0.4%5.4M2.6M-616.4K0.1514.24N/AN/A1,42420720,69320,864
2025-02-10$91.59$93.0017.0%4.9%13.6%28.4%16.1%3.0%-0.1%2.4M7.9M-610.4K0.3614.49N/AN/A1,33248620,20120,347
2025-02-11$91.88$93.0016.5%4.8%13.5%24.5%16.2%2.5%0.4%2.9M5.0M-609.4K1.1213.58N/AN/A14716520,47820,578
2025-02-12$91.15$93.0016.8%4.9%13.5%27.3%16.0%2.9%0.3%2.4M13.9M-600.1K0.3227.02N/AN/A1,36844020,55820,681
2025-02-13$91.97$93.0016.0%4.7%13.7%21.3%12.3%2.9%0.4%3.0M2.2M-604.5K4.4811.44N/AN/A5892,63720,72120,896
2025-02-14$91.81$93.0015.8%4.6%12.1%19.8%15.9%2.4%0.7%4.0M5.1M-606.7K0.2611.32N/AN/A1,45237520,80821,073
2025-02-18$91.94$93.0016.6%4.8%12.1%25.5%17.4%2.9%0.7%2.4M7.9M-593.2K0.7713.05N/AN/A55542820,08921,012
2025-02-19$92.23$93.0016.5%4.7%10.9%24.8%16.6%2.7%0.6%3.0M4.5M-586.3K1.1412.51N/AN/A21224219,94321,071
2025-02-20$92.47$93.0016.8%4.8%9.5%27.3%13.0%2.3%0.2%3.3M1.5M-594.5K1.5312.15N/AN/A1,0011,53119,94821,247
2025-02-21$91.78$93.0018.2%5.2%10.0%37.8%18.1%3.3%0.6%1.4M12.0M-583.4K0.4114.25N/AN/A1,78773720,22721,276
2025-02-24$92.31$93.0018.8%5.3%10.0%41.9%17.3%4.2%-0.8%1.4M9.9M-585.1K0.209.72N/AN/A60612218,74119,624
2025-02-25$93.17$93.0019.9%5.6%10.0%50.5%19.5%3.7%-0.8%1.9M66.1K-598.7K0.6711.15N/AN/A86258118,87319,717
2025-02-26$92.75$93.0019.3%5.6%9.5%45.9%19.3%3.9%-0.3%2.1M5.3M-595.3K2.7611.53N/AN/A25570319,13719,861
2025-02-27$93.15$93.0020.1%5.7%8.3%52.1%19.2%4.2%-0.5%2.1M2.0M-599.1K0.3112.80N/AN/A3099719,21820,468
2025-02-28$93.64$93.0018.5%5.3%8.4%39.8%18.0%3.4%-0.4%2.3M-3.2M-598.8K0.1910.91N/AN/A1,22823719,39920,534