VNQ Options History — April 2025

In April 2025, VNQ traded between $79.09 and $91.22. ATM implied volatility averaged 25.9%, placing in the 47.8% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded below realized volatility by 10.4% (HV 20d: 36.3%). Max pain ranged from $87.00 to $92.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.43.

Notable Days

  • 2025-04-09: Highest Volume — 6,693 contracts
  • 2025-04-10: Largest IV spike — 57.3% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.97$79.09$91.22$90.33$87.81
Max Pain$88.71$87.00$92.00$92.00$88.00
ATM IV25.9%17.8%45.7%18.7%20.3%
Expected Move7.5%5.1%12.5%5.4%6.1%
HV 20d36.3%20.0%42.8%20.0%42.0%
HV 60d24.0%16.1%27.1%16.2%27.0%
IV Rank47.8%20.0%100.0%42.5%21.9%
IV Percentile93.7%67.9%100.0%79.8%88.9%
Term Structure-0.4%-2.4%1.3%-0.2%-0.1%
VWIV25.4%17.7%35.6%18.2%22.6%
Skew 25d6.4%3.1%17.0%3.7%4.1%
Skew 10d11.9%3.1%28.8%10.9%7.6%
Call IV 25d22.6%15.9%39.8%16.9%18.0%
Put IV 25d29.0%19.4%49.4%20.6%22.2%
Bid-Ask Spread %27.269.6172.6917.3915.45
Gamma HHI0.080.060.120.070.07
Net GEX-59.4K-1.2M1.4M372.4K840.2K
Net DEX42.9M13.1M78.5M22.3M28.2M
Net VEX-523.5K-572.5K-421.3K-558.4K-534.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.430.096.360.526.36
Total Volume1,835.7623626,6939264,130
Total OI41,196.71436,74344,59836,74343,394

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$90.33$92.0018.7%5.4%20.0%42.5%18.2%3.7%-0.2%372.4K22.3M-558.4K0.5217.39N/AN/A60931717,47819,265
2025-04-02$91.22$92.0017.8%5.1%20.3%35.6%17.7%3.5%0.0%1.2M13.1M-559.1K0.2311.55N/AN/A46510917,76319,463
2025-04-03$88.13$92.0023.1%6.4%22.3%76.8%22.8%5.0%-0.5%-520.9K41.1M-513.5K0.9327.83N/AN/A88082217,99819,523
2025-04-04$85.28$92.0028.4%8.2%24.7%100.0%28.1%5.8%0.3%-1.0M59.4M-480.6K0.2951.26N/AN/A3,33196718,16619,535
2025-04-07$81.72$92.0034.2%9.3%28.2%100.0%32.9%17.0%-2.4%-661.6K67.0M-446.6K3.6465.88N/AN/A9453,44018,51119,423
2025-04-08$79.09$88.0045.7%12.5%29.7%100.0%35.6%9.6%-1.4%-785.1K78.5M-421.3K0.2339.84N/AN/A1,38231318,96820,803
2025-04-09$84.31$88.0024.9%7.4%38.9%36.0%28.2%7.1%1.1%-801.7K59.8M-487.1K1.2047.11N/AN/A3,0393,65419,51620,838
2025-04-10$81.81$87.0039.1%11.3%39.5%79.9%34.5%13.7%1.3%-462.4K67.4M-488.7K2.4572.69N/AN/A15437820,77722,091
2025-04-11$83.50$87.0032.6%9.2%39.8%59.8%30.9%7.8%-1.4%192.4K57.4M-498.7K0.6521.64N/AN/A85955920,82821,749
2025-04-14$85.61$87.0024.9%7.0%40.1%36.0%26.7%6.1%-0.3%-392.9K47.4M-525.8K0.2315.42N/AN/A1,38031120,35721,771
2025-04-15$85.81$88.0024.2%6.9%40.2%34.0%25.2%6.2%-0.4%-120.2K43.3M-544.0K1.4931.00N/AN/A65497521,36321,914
2025-04-16$85.25$87.0027.6%7.9%40.0%44.3%25.7%6.7%-1.2%-1.0M48.3M-549.1K0.4639.45N/AN/A56426221,78822,621
2025-04-17$87.05$88.0023.5%6.8%41.0%31.7%24.0%5.4%-0.3%1.4M29.4M-572.5K2.4416.63N/AN/A5461,33021,99322,605
2025-04-21$84.72$87.0028.2%8.3%41.9%46.3%26.8%6.8%-1.1%-1.2M52.8M-530.7K0.2315.27N/AN/A1,14326518,52222,539
2025-04-22$86.94$88.0024.2%7.2%42.8%33.8%22.8%5.0%-0.4%-323.7K33.5M-559.9K0.3013.28N/AN/A45313518,89422,652
2025-04-23$86.72$88.0024.1%7.1%42.2%33.6%22.6%5.1%-0.3%-378.9K35.4M-556.7K0.6017.29N/AN/A22613619,03622,705
2025-04-24$87.42$88.0022.3%6.6%42.3%28.0%20.9%4.7%-0.5%235.3K28.7M-555.6K0.0913.05N/AN/A1,15710819,10022,747
2025-04-25$87.08$88.0020.1%6.0%42.3%21.4%24.2%4.2%-0.4%1.3M33.0M-536.1K6.0816.85N/AN/A1981,20320,17222,820
2025-04-28$87.56$88.0020.6%6.1%42.3%22.8%21.5%4.5%-0.8%159.3K31.1M-535.4K0.4713.87N/AN/A25111719,40323,162
2025-04-29$88.06$88.0019.7%5.9%42.0%20.0%22.0%3.1%-0.1%822.2K24.0M-538.7K1.189.61N/AN/A36042419,65523,223
2025-04-30$87.81$88.0020.3%6.1%42.0%21.9%22.6%4.1%-0.1%840.2K28.2M-534.6K6.3615.45N/AN/A5613,56919,92323,471