VNQ Options History — March 2026

In March 2026, VNQ traded between $86.87 and $95.94. ATM implied volatility averaged 19.8%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 6.6% (HV 20d: 13.2%). Max pain ranged from $90.00 to $94.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.21.

Notable Days

  • 2026-03-02: Highest Volume — 12,204 contracts
  • 2026-03-31: Largest IV drop — 17.4% change
  • 2026-03-30: Highest IV Rank — 33.2%
  • 2026-03-30: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$91.60$86.87$95.94$95.94$88.91
Max Pain$92.09$90.00$94.00$92.00$90.00
ATM IV19.8%16.8%23.5%16.9%19.4%
Expected Move5.7%4.8%6.7%4.8%5.6%
HV 20d13.2%10.5%18.6%11.9%18.6%
HV 60d12.2%10.5%14.9%10.5%14.9%
IV Rank22.2%13.1%33.2%13.4%20.9%
IV Percentile85.2%59.5%95.2%60.7%85.7%
Term Structure0.3%-1.9%2.2%-0.4%0.2%
VWIV20.7%18.6%23.1%19.3%21.8%
Skew 25d4.7%2.9%6.6%4.3%2.9%
Skew 10d8.1%-3.1%19.7%8.1%16.4%
Call IV 25d17.7%15.1%20.4%15.1%19.6%
Put IV 25d22.4%19.5%26.6%19.5%22.5%
Bid-Ask Spread %51.3930.8980.6466.6049.41
Gamma HHI0.140.100.320.100.10
Net GEX115.2K-9.5M3.3M664.9K-884.9K
Net DEX11.8M-26.2M41.1M-16.3M33.4M
Net VEX-566.4K-648.0K-487.9K-518.9K-500.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.035.210.030.80
Total Volume1,681.40932712,20412,204886
Total OI39,597.81829,80042,92329,80036,797

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$95.94$92.0016.9%4.8%11.9%13.4%19.3%4.3%-0.4%664.9K-16.3M-518.9K0.0366.60N/AN/A11,82637811,54918,251
2026-03-03$95.66$92.0018.0%5.2%11.7%16.6%21.7%5.1%1.1%3.2M-26.2M-641.9K0.1869.47N/AN/A1,26223122,40618,347
2026-03-04$95.62$92.0016.8%4.8%11.4%13.1%20.2%4.2%1.0%3.3M-23.6M-636.0K0.4470.77N/AN/A1,24754322,66418,505
2026-03-05$94.63$94.0018.2%5.1%11.3%17.2%19.5%5.1%0.9%2.5M-15.9M-648.0K0.0666.20N/AN/A1,4739022,70718,675
2026-03-06$93.62$94.0019.4%5.3%12.2%20.7%21.7%3.6%-0.4%1.5M-2.3M-607.0K0.7060.11N/AN/A77254022,74818,738
2026-03-09$93.90$94.0021.2%5.8%11.2%26.4%22.1%4.2%-1.9%1.6M-5.5M-620.5K1.1174.87N/AN/A9591,06222,80018,941
2026-03-10$93.64$94.0020.2%5.5%11.2%23.4%19.4%4.9%-0.3%1.5M-3.1M-617.4K0.6467.72N/AN/A76649422,87919,565
2026-03-11$92.55$93.0019.0%5.4%10.9%19.7%19.4%4.8%1.8%353.0K6.7M-599.9K0.2780.64N/AN/A51814022,97019,548
2026-03-12$91.94$93.0020.4%6.4%10.9%23.9%19.9%5.6%0.2%77311.9M-593.6K0.1744.85N/AN/A5349123,04819,634
2026-03-13$92.07$93.0018.6%6.5%10.8%18.5%19.9%3.0%2.2%-84.0K14.0M-592.5K0.4147.53N/AN/A29912222,88119,620
2026-03-16$93.02$93.0018.9%5.4%11.1%19.4%18.9%4.2%-0.2%1.0M3.0M-590.0K0.4446.23N/AN/A45119922,88219,675
2026-03-17$93.44$93.0018.3%5.4%10.5%17.6%18.6%5.2%0.2%1.4M-952.7K-585.0K0.4548.36N/AN/A64528722,88219,733
2026-03-18$92.22$92.0019.5%5.3%10.7%21.2%20.1%4.5%1.0%755.1K7.0M-600.9K0.6448.78N/AN/A20012723,01119,841
2026-03-19$91.69$92.0018.7%5.3%10.9%18.8%19.6%5.0%0.1%-589.3K19.4M-545.5K1.6037.78N/AN/A38861923,03219,891
2026-03-20$88.65$92.0021.4%5.5%15.4%26.9%21.2%5.6%0.9%-9.5M41.1M-548.0K5.2150.00N/AN/A4142,15522,97019,348
2026-03-23$89.78$92.0020.0%5.6%16.3%22.7%21.2%5.0%0.3%-535.6K29.8M-507.3K0.2635.58N/AN/A1,33134020,09614,090
2026-03-24$88.12$91.0022.0%6.2%17.2%28.7%23.1%4.7%0.1%-379.1K34.1M-506.1K2.3130.89N/AN/A7451,72020,87014,337
2026-03-25$88.00$90.0021.4%6.1%17.2%26.9%21.2%5.0%-0.2%-560.9K34.6M-515.4K4.4731.13N/AN/A17377320,95214,909
2026-03-26$87.65$90.0022.1%6.3%16.6%29.0%21.5%5.2%-0.9%-695.1K36.3M-503.1K0.8231.44N/AN/A23018921,05815,258
2026-03-27$86.87$90.0022.2%6.4%16.5%29.3%22.7%4.4%0.0%-866.3K41.1M-495.2K4.7936.57N/AN/A18588621,07615,384
2026-03-30$87.22$90.0023.5%6.7%16.6%33.2%23.1%6.6%0.3%-1.1M40.7M-487.9K0.7535.74N/AN/A40030121,06415,520
2026-03-31$88.91$90.0019.4%5.6%18.6%20.9%21.8%2.9%0.2%-884.9K33.4M-500.8K0.8049.41N/AN/A49239421,22315,574