VNQ Options History — July 2025

In July 2025, VNQ traded between $89.02 and $91.97. ATM implied volatility averaged 16.2%, placing in the 10.9% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 1.9% (HV 20d: 14.4%). Max pain ranged from $88.00 to $90.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 1.15.

Notable Days

  • 2025-07-18: Highest Volume — 2,019 contracts
  • 2025-07-28: Largest IV spike — 12.8% change
  • 2025-07-07: Highest IV Rank — 17.4%
  • 2025-07-07: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$90.25$89.02$91.97$89.85$89.33
Max Pain$88.55$88.00$90.00$90.00$89.00
ATM IV16.2%14.4%18.4%16.2%17.1%
Expected Move4.6%4.1%5.0%4.6%4.9%
HV 20d14.4%11.1%15.7%13.9%14.8%
HV 60d16.3%13.1%25.7%25.7%14.2%
IV Rank10.9%5.4%17.4%10.8%13.4%
IV Percentile32.2%4.8%71.8%31.7%54.0%
Term Structure0.6%0.1%1.2%0.2%0.4%
VWIV16.6%14.7%19.1%17.1%16.5%
Skew 25d3.4%2.3%4.8%3.4%3.4%
Skew 10d7.7%3.0%16.1%7.3%5.9%
Call IV 25d14.7%12.9%15.7%15.1%15.3%
Put IV 25d18.1%16.0%19.4%18.5%18.6%
Bid-Ask Spread %61.1148.8774.7766.2771.79
Gamma HHI0.090.070.150.080.08
Net GEX-318.1K-2.2M2.0M-1.4M-27.0K
Net DEX21.3M3.8M33.6M27.0M30.2M
Net VEX-525.1K-561.1K-492.1K-552.2K-492.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.129.290.261.04
Total Volume586.9091602,019742511
Total OI42,581.95538,80845,00742,83642,117

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$89.85$90.0016.2%4.6%13.9%10.8%17.1%3.4%0.2%-1.4M27.0M-552.2K0.2666.27N/AN/A58715512,49730,339
2025-07-02$89.82$89.0015.9%4.6%13.9%9.9%17.8%2.8%0.8%-1.4M27.0M-560.6K1.0365.87N/AN/A798112,80330,372
2025-07-03$90.30$88.0016.4%4.7%13.9%11.3%15.7%3.9%1.1%-1.0M21.7M-561.1K0.2353.44N/AN/A2896612,78230,397
2025-07-07$89.02$88.0018.4%5.0%14.8%17.4%19.1%3.7%0.3%-1.9M33.6M-533.7K1.2458.00N/AN/A13116312,74330,436
2025-07-08$89.32$88.0018.1%4.8%14.9%16.5%16.9%3.3%0.4%-1.8M31.5M-527.2K0.5155.05N/AN/A1568012,79630,518
2025-07-09$89.44$88.0016.5%4.7%14.9%11.6%18.1%3.0%0.5%-1.7M30.4M-531.3K2.5457.13N/AN/A8521612,92430,554
2025-07-10$89.97$88.0015.9%4.6%14.9%9.9%15.7%3.0%0.9%-1.2M22.3M-547.4K0.3357.21N/AN/A3039912,94730,672
2025-07-11$89.84$88.0015.9%4.6%14.9%9.9%16.5%2.3%1.2%-1.2M25.8M-525.4K0.5169.97N/AN/A1688613,05730,674
2025-07-14$90.18$88.0016.3%4.7%14.9%11.1%15.9%3.9%0.8%-847.7K21.7M-517.7K0.8152.88N/AN/A66354013,09630,722
2025-07-15$89.17$88.0016.6%4.8%14.9%12.0%18.3%3.5%0.7%-2.2M30.4M-506.7K1.2258.61N/AN/A19223513,76530,982
2025-07-16$89.84$88.0016.8%4.8%15.1%12.5%16.3%4.8%0.1%-1.2M24.5M-514.2K0.4159.64N/AN/A1857613,81531,086
2025-07-17$89.80$88.0016.2%4.6%15.1%10.7%16.8%3.8%0.4%-1.4M23.4M-509.0K0.9152.99N/AN/A12911713,82431,104
2025-07-18$89.82$88.0015.7%4.5%15.0%9.4%16.3%3.4%0.9%800.9K22.2M-504.4K0.6448.87N/AN/A1,23378613,88331,124
2025-07-21$90.25$89.0015.8%4.5%15.0%9.4%15.3%3.1%0.9%65.6K22.1M-500.2K0.2759.80N/AN/A1,06828312,75726,051
2025-07-22$91.87$89.0015.9%4.6%15.7%9.8%16.8%3.6%0.4%954.2K7.7M-533.1K0.6157.75N/AN/A39524113,26626,231
2025-07-23$91.97$89.0015.6%4.5%15.5%9.0%14.7%3.6%0.3%1.2M5.6M-534.0K0.1262.31N/AN/A1,16513613,60026,318
2025-07-24$91.84$89.0015.5%4.5%12.4%8.8%16.2%3.0%0.5%1.9M3.8M-541.0K0.9259.99N/AN/A16815414,37926,365
2025-07-25$91.72$89.0014.4%4.1%11.1%5.4%15.2%3.1%1.1%2.0M7.6M-529.3K0.7670.32N/AN/A16412514,48526,414
2025-07-28$90.35$89.0016.3%4.7%12.6%11.0%17.7%3.2%0.3%963.4K19.3M-509.9K9.2964.77N/AN/A9285514,54726,446
2025-07-29$91.68$89.0015.1%4.3%13.5%7.3%16.2%3.4%1.0%2.0M8.3M-512.2K1.1066.89N/AN/A16117714,58827,276
2025-07-30$90.02$89.0016.9%4.8%14.6%12.9%16.6%3.5%0.5%593.1K22.8M-508.5K0.4474.77N/AN/A2209714,68227,369
2025-07-31$89.33$89.0017.1%4.9%14.8%13.4%16.5%3.4%0.4%-27.0K30.2M-492.1K1.0471.79N/AN/A25026114,71427,403