VNQ Options History — October 2025

In October 2025, VNQ traded between $88.37 and $92.68. ATM implied volatility averaged 16.9%, placing in the 12.9% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 4.1% (HV 20d: 12.8%). Max pain ranged from $89.00 to $91.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 0.77.

Notable Days

  • 2025-10-17: Highest Volume — 2,301 contracts
  • 2025-10-15: Largest IV drop — 17.1% change
  • 2025-10-14: Highest IV Rank — 26.0%
  • 2025-10-29: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$90.63$88.37$92.68$91.66$89.44
Max Pain$90.00$89.00$91.00$91.00$90.00
ATM IV16.9%14.5%21.2%15.2%17.6%
Expected Move4.7%4.2%5.5%4.4%5.1%
HV 20d12.8%10.1%16.5%12.4%16.4%
HV 60d13.5%12.6%14.3%13.3%14.3%
IV Rank12.9%5.6%26.0%7.7%15.2%
IV Percentile46.1%1.6%91.7%9.5%67.5%
Term Structure0.3%-1.4%2.2%0.4%0.8%
VWIV16.4%14.8%18.2%15.8%17.1%
Skew 25d3.9%2.8%5.3%3.8%4.7%
Skew 10d7.4%-2.4%11.6%8.9%11.4%
Call IV 25d14.8%13.3%16.9%13.5%15.4%
Put IV 25d18.6%16.5%20.6%17.3%20.0%
Bid-Ask Spread %61.8350.6471.3050.6463.94
Gamma HHI0.100.080.140.100.08
Net GEX-355.6K-3.1M1.5M1.2M-1.5M
Net DEX35.2M13.3M60.0M20.8M54.2M
Net VEX-510.9K-544.6K-472.7K-544.6K-488.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.183.400.230.30
Total Volume738.3042362,301291500
Total OI45,387.17442,62147,32644,80746,626

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$91.66$91.0015.2%4.4%12.4%7.7%15.8%3.8%0.4%1.2M20.8M-544.6K0.2350.64N/AN/A2375415,05729,750
2025-10-02$90.93$91.0015.7%4.5%12.4%9.3%15.7%3.5%0.2%584.3K29.8M-537.1K0.5057.18N/AN/A38719315,19329,751
2025-10-03$91.66$91.0015.0%4.3%11.9%7.2%16.0%3.8%0.5%1.5M20.8M-543.5K0.2868.09N/AN/A42312015,36029,795
2025-10-06$90.58$89.0016.5%4.6%12.1%11.6%17.1%3.0%0.7%353.9K32.4M-530.2K1.9061.69N/AN/A16130615,44629,786
2025-10-07$90.09$89.0016.7%4.7%12.3%12.3%16.1%3.5%0.4%-459.8K41.8M-516.2K0.2158.92N/AN/A77215915,49329,936
2025-10-08$89.66$89.0015.8%4.6%12.3%9.6%16.1%3.2%0.3%-1.3M44.4M-514.2K0.7466.65N/AN/A41330715,86930,076
2025-10-09$89.34$90.0017.2%4.8%10.1%13.9%15.6%4.3%0.1%-1.5M50.5M-500.5K0.7462.05N/AN/A39729315,99230,174
2025-10-10$88.37$90.0019.8%5.3%10.6%21.6%17.1%4.1%-1.2%-2.3M60.0M-506.1K0.5659.86N/AN/A50728616,11030,627
2025-10-13$88.70$90.0019.6%5.1%10.8%21.0%17.4%3.6%-0.5%-3.1M60.0M-497.0K0.5056.76N/AN/A24812515,94530,760
2025-10-14$89.34$90.0021.2%5.1%11.2%26.0%17.0%4.6%0.3%-2.7M51.3M-497.8K0.5267.93N/AN/A40520915,98630,812
2025-10-15$90.95$90.0017.6%5.0%13.2%15.0%17.6%2.9%1.3%170.2K34.1M-503.9K0.2255.33N/AN/A78917216,15830,918
2025-10-16$90.57$90.0017.4%5.0%13.2%14.4%16.8%5.3%-0.6%-1.7M32.5M-526.4K0.3871.30N/AN/A53620216,36130,959
2025-10-17$91.16$90.0017.0%4.9%13.5%13.2%16.8%3.9%1.0%762.0K27.2M-513.6K1.1968.88N/AN/A1,0521,24916,35130,975
2025-10-20$92.00$90.0015.7%4.5%13.8%9.3%15.2%4.3%0.7%68.3K24.6M-509.2K0.2455.74N/AN/A91421513,32329,298
2025-10-21$91.88$90.0015.5%4.5%13.7%8.7%15.4%3.6%0.6%534.6K22.3M-508.7K0.6561.85N/AN/A17011114,01029,415
2025-10-22$92.20$90.0016.1%4.6%12.1%10.5%16.6%4.0%0.1%676.9K19.2M-514.8K0.6851.68N/AN/A25117114,11829,454
2025-10-23$92.28$90.0016.0%4.6%11.9%10.0%15.0%4.7%0.2%698.1K19.4M-509.5K1.5466.13N/AN/A19630114,32629,498
2025-10-24$92.68$90.0014.5%4.2%11.6%5.6%14.8%3.2%2.2%1.1M13.3M-515.2K0.3260.73N/AN/A2748914,42329,732
2025-10-27$92.66$90.0015.8%4.5%11.6%9.5%16.2%3.6%0.3%1.1M15.3M-511.9K0.5365.15N/AN/A1548214,55429,753
2025-10-28$90.93$90.0016.5%4.7%13.5%11.6%17.3%4.2%1.8%505.0K26.2M-495.6K3.4066.03N/AN/A14449014,64029,803
2025-10-29$88.48$90.0019.0%5.5%16.5%19.4%18.2%2.8%-1.4%-1.3M54.9M-472.7K1.9463.16N/AN/A7791,50914,66630,224
2025-10-30$89.00$90.0017.6%5.0%16.5%15.0%17.3%4.1%-0.4%-1.6M55.0M-493.7K0.1862.34N/AN/A5319814,84631,556
2025-10-31$89.44$90.0017.6%5.1%16.4%15.2%17.1%4.7%0.8%-1.5M54.2M-488.8K0.3063.94N/AN/A38411615,04331,583