VNQ Options History — August 2025

In August 2025, VNQ traded between $88.63 and $92.16. ATM implied volatility averaged 16.3%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 2.2% (HV 20d: 14.1%). Max pain ranged from $89.00 to $90.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 1.16.

Notable Days

  • 2025-08-15: Highest Volume — 3,607 contracts
  • 2025-08-11: Largest IV spike — 22.8% change
  • 2025-08-11: Highest IV Rank — 21.8%
  • 2025-08-01: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$90.25$88.63$92.16$89.00$92.12
Max Pain$89.95$89.00$90.00$89.00$90.00
ATM IV16.3%14.9%19.9%18.5%15.2%
Expected Move4.6%4.3%5.3%5.3%4.4%
HV 20d14.1%12.6%16.0%14.7%12.6%
HV 60d13.7%12.9%14.4%14.2%13.6%
IV Rank11.1%6.8%21.8%17.7%7.8%
IV Percentile34.0%5.2%86.9%73.0%11.5%
Term Structure0.4%-0.4%1.6%-0.3%0.2%
VWIV16.0%14.7%18.2%18.2%14.7%
Skew 25d3.8%3.2%4.7%4.7%4.1%
Skew 10d7.0%5.0%11.9%7.3%8.7%
Call IV 25d14.3%13.2%16.9%16.9%13.4%
Put IV 25d18.1%16.8%21.6%21.6%17.4%
Bid-Ask Spread %65.1456.5574.2667.5466.45
Gamma HHI0.100.070.170.070.09
Net GEX-96.3K-2.2M1.8M-356.6K1.8M
Net DEX24.6M5.9M41.0M34.4M7.1M
Net VEX-476.3K-493.0K-445.5K-493.0K-476.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.315.441.040.44
Total Volume719.1431693,607621478
Total OI43,35541,95844,62242,47544,622

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$89.00$89.0018.5%5.3%14.7%17.7%18.2%4.7%-0.3%-356.6K34.4M-493.0K1.0467.54N/AN/A30431714,76627,709
2025-08-04$89.75$90.0017.1%4.8%14.1%13.6%16.3%3.8%0.9%201.0K27.0M-490.1K0.7060.71N/AN/A22315614,84027,874
2025-08-05$90.13$90.0016.8%4.9%14.2%12.7%16.0%3.9%0.3%623.7K22.9M-492.8K1.0766.75N/AN/A10711414,86527,922
2025-08-06$89.80$90.0017.7%4.8%14.2%15.2%17.9%3.6%0.4%205.7K27.0M-484.3K0.8863.43N/AN/A15413514,89228,000
2025-08-07$89.73$90.0017.5%4.8%14.1%14.8%15.1%3.7%0.4%-22.6K28.4M-478.4K5.4466.46N/AN/A14880514,91428,067
2025-08-08$89.02$90.0016.2%4.7%14.3%10.7%16.8%3.6%0.9%-1.2M35.7M-465.9K1.6064.18N/AN/A18229114,97528,205
2025-08-11$88.63$90.0019.9%4.8%14.3%21.8%17.1%3.7%0.5%-1.7M36.9M-476.5K1.1359.79N/AN/A22225014,95028,259
2025-08-12$88.76$90.0016.8%4.7%13.8%12.7%16.4%3.8%0.9%-2.2M41.0M-445.5K0.7356.55N/AN/A41630514,99828,388
2025-08-13$89.78$90.0015.2%4.4%14.1%7.8%15.4%4.4%1.6%-858.4K30.2M-459.6K0.6467.33N/AN/A48330915,14328,504
2025-08-14$89.25$90.0016.0%4.6%14.3%10.2%15.8%4.0%-0.1%-1.8M34.1M-458.5K0.9365.23N/AN/A25423515,63628,633
2025-08-15$89.56$90.0014.9%4.3%14.4%7.0%16.9%3.4%0.8%-793.1K29.4M-453.9K3.4657.95N/AN/A8082,79915,68728,720
2025-08-18$88.97$90.0015.6%4.5%14.4%8.8%15.1%3.4%0.7%-1.3M38.5M-476.0K0.3163.15N/AN/A77524412,85929,099
2025-08-19$90.31$90.0016.0%4.6%14.0%10.2%15.1%3.8%0.4%-699.8K31.0M-469.6K0.3668.58N/AN/A54619813,01329,234
2025-08-20$90.91$90.0016.3%4.7%14.2%11.2%16.0%4.1%-0.0%-121.9K21.3M-487.4K0.8570.59N/AN/A40034113,45129,242
2025-08-21$90.38$90.0016.9%4.9%14.3%13.0%17.0%3.9%-0.4%-84.2K25.8M-477.0K1.1770.95N/AN/A789113,72529,285
2025-08-22$92.16$90.0014.9%4.3%16.0%6.8%14.8%3.4%0.7%769.4K8.6M-484.8K0.3866.11N/AN/A99237913,77929,345
2025-08-25$91.72$90.0015.0%4.3%15.1%7.1%15.5%3.2%0.1%1.4M8.5M-484.8K1.0158.68N/AN/A24124314,66129,302
2025-08-26$91.43$90.0015.8%4.5%14.2%9.5%14.7%3.3%0.1%1.2M12.1M-487.3K0.4267.17N/AN/A2309714,76029,402
2025-08-27$92.15$90.0015.3%4.4%12.8%8.0%15.1%4.0%0.1%1.5M5.9M-483.3K0.4965.99N/AN/A22410914,86229,445
2025-08-28$91.59$90.0014.9%4.3%12.6%6.8%15.7%4.2%0.1%1.5M10.3M-476.9K1.2274.26N/AN/A18923014,99129,431
2025-08-29$92.12$90.0015.2%4.4%12.6%7.8%14.7%4.1%0.2%1.8M7.1M-476.1K0.4466.45N/AN/A33314515,06929,553