VNQ Options History — February 2026

In February 2026, VNQ traded between $89.60 and $95.60. ATM implied volatility averaged 15.4%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 2.6% (HV 20d: 12.8%). Max pain ranged from $89.00 to $92.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.90.

Notable Days

  • 2026-02-17: Highest Volume — 4,801 contracts
  • 2026-02-11: Largest IV spike — 15.9% change
  • 2026-02-13: Highest IV Rank — 13.4%
  • 2026-02-13: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$93.50$89.60$95.60$90.09$95.60
Max Pain$90.95$89.00$92.00$90.00$92.00
ATM IV15.4%13.7%16.9%15.3%15.9%
Expected Move4.5%4.2%4.8%4.4%4.5%
HV 20d12.8%11.9%13.9%11.9%12.0%
HV 60d10.8%10.4%11.2%10.4%10.5%
IV Rank8.9%3.6%13.4%8.4%10.2%
IV Percentile28.3%4.0%59.9%20.6%35.7%
Term Structure0.6%-0.4%1.9%0.1%-0.4%
VWIV17.2%14.0%19.2%16.5%19.2%
Skew 25d3.8%3.0%4.8%3.8%3.5%
Skew 10d7.2%2.7%13.2%6.3%13.2%
Call IV 25d14.0%13.0%15.0%13.3%14.8%
Put IV 25d17.9%16.6%18.8%17.2%18.3%
Bid-Ask Spread %66.4253.1874.5853.1864.52
Gamma HHI0.120.090.190.100.09
Net GEX1.5M-1.8M5.0M-842.3K259.9K
Net DEX-5.0M-34.5M33.2M23.8M-9.1M
Net VEX-511.0K-593.1K-464.7K-477.4K-559.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.075.370.291.07
Total Volume1,962.5797504,8011,2292,320
Total OI31,814.10528,56236,36729,57330,233

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$90.09$90.0015.3%4.4%11.9%8.4%16.5%3.8%0.1%-842.3K23.8M-477.4K0.2953.18N/AN/A94928011,16018,413
2026-02-03$89.60$90.0015.2%4.4%11.9%8.3%16.7%3.9%0.9%-1.8M33.2M-471.3K0.7274.37N/AN/A71651611,21918,579
2026-02-04$91.03$90.0014.8%4.2%12.9%7.1%14.8%3.0%1.4%-117.7K15.3M-483.2K0.2674.58N/AN/A1,25832611,20918,977
2026-02-05$90.94$89.0014.6%4.7%12.3%6.5%17.1%3.5%0.2%68.5K17.0M-473.1K5.3773.96N/AN/A7373,95511,74019,080
2026-02-06$92.25$89.0014.3%4.5%13.0%5.7%15.0%3.1%0.9%1.3M7.5M-488.2K0.4268.54N/AN/A98141011,76219,481
2026-02-09$92.69$90.0013.7%4.4%13.0%3.6%15.4%3.6%0.9%2.0M-956.9K-482.5K0.5672.11N/AN/A49227712,04319,603
2026-02-10$93.91$90.0013.8%4.4%13.6%4.0%14.0%3.6%1.2%2.9M-17.4M-478.1K0.5766.33N/AN/A1,63293012,32019,727
2026-02-11$93.28$91.0016.0%4.6%13.9%10.7%17.3%3.5%1.5%2.6M-7.4M-500.0K0.1671.65N/AN/A1,21619212,37920,225
2026-02-12$93.72$91.0016.0%4.6%13.8%10.6%18.5%4.3%1.9%2.6M-13.9M-494.6K0.3567.82N/AN/A1,25343512,41920,307
2026-02-13$94.40$91.0016.9%4.8%13.7%13.4%18.5%4.0%0.2%2.9M-21.6M-495.4K1.3959.85N/AN/A8151,13312,45720,186
2026-02-17$95.41$91.0016.1%4.6%13.6%10.9%17.6%4.3%0.7%2.7M-34.5M-464.7K0.8263.11N/AN/A2,6452,15612,74520,081
2026-02-18$94.34$92.0016.7%4.8%12.8%12.6%18.2%4.2%0.1%4.2M-23.1M-550.0K0.6260.89N/AN/A47029214,29121,765
2026-02-19$94.09$92.0016.5%4.7%12.9%12.0%17.7%3.5%0.3%5.0M-21.8M-535.3K0.3365.95N/AN/A56218814,30521,926
2026-02-20$94.80$92.0015.1%4.3%12.6%7.9%16.9%4.1%0.2%4.0M-31.3M-529.6K0.1966.49N/AN/A1,24423414,36921,998
2026-02-23$94.94$92.0015.9%4.6%12.6%10.5%18.3%4.0%0.3%76.3K-3.4M-522.9K1.9257.45N/AN/A1,2432,38210,95417,608
2026-02-24$95.07$92.0015.8%4.5%12.6%10.1%18.3%4.7%0.7%-187.3K2.1M-593.1K1.9365.98N/AN/A8451,62811,12519,814
2026-02-25$94.74$92.0015.8%4.5%12.7%10.1%18.9%3.7%0.1%-21.4K-2.1M-555.2K0.0867.08N/AN/A9968111,18318,772
2026-02-26$95.56$92.0014.5%4.2%12.2%6.2%18.7%4.8%0.2%205.5K-7.0M-555.0K0.0768.08N/AN/A1,39910111,20718,806
2026-02-27$95.60$92.0015.9%4.5%12.0%10.2%19.2%3.5%-0.4%259.9K-9.1M-559.4K1.0764.52N/AN/A1,1211,19911,37618,857