VOO Options History — January 2025

In January 2025, VOO traded between $533.53 and $558.98. ATM implied volatility averaged 13.7%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded below realized volatility by 1.8% (HV 20d: 15.5%). Max pain ranged from $500.00 to $540.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2025-01-21: Highest Volume — 7,073 contracts
  • 2025-01-27: Largest IV spike — 20.7% change
  • 2025-01-14: Highest IV Rank — 36.0%
  • 2025-01-14: Largest Expected Move — 4.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$547.39$533.53$558.98$537.17$553.11
Max Pain$525.75$500.00$540.00$500.00$530.00
ATM IV13.7%11.5%16.5%15.0%13.8%
Expected Move3.9%3.3%4.4%4.3%3.9%
HV 20d15.5%14.0%18.1%14.0%14.5%
HV 60d13.5%12.7%14.3%12.7%13.9%
IV Rank21.1%9.7%36.0%28.1%21.4%
IV Percentile63.0%34.5%90.5%79.8%65.9%
Term Structure-0.1%-1.3%0.3%0.0%0.1%
VWIV13.5%11.6%15.5%14.5%13.0%
Skew 25d4.3%2.8%6.6%5.7%4.5%
Skew 10d10.3%6.0%15.8%11.8%6.4%
Call IV 25d11.5%10.3%13.8%11.3%11.8%
Put IV 25d15.8%13.2%18.6%17.0%16.3%
Bid-Ask Spread %44.6832.8679.1379.1343.87
Gamma HHI0.110.060.560.060.07
Net GEX39.1M-1.4M155.4M971.4K29.6M
Net DEX-623.7M-878.4M-348.9M-457.2M-598.2M
Net VEX-4.3M-4.5M-4.1M-4.4M-4.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.301.050.410.62
Total Volume4,537.552,3117,0734,9725,565
Total OI65,011.1546,93876,90872,34458,833

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$537.17$500.0015.0%4.3%14.0%28.1%14.5%5.7%0.0%971.4K-457.2M-4.4M0.4179.133,5251,44737,80134,543
2025-01-03$543.87$500.0013.2%3.7%14.6%18.5%12.8%4.2%0.2%35.5M-642.3M-4.3M0.5475.453,1501,71639,00634,971
2025-01-06$546.53$530.0013.5%3.9%14.8%19.8%13.5%4.6%0.3%33.1M-691.1M-4.3M0.9632.862,5632,46336,40333,627
2025-01-07$540.28$530.0015.1%4.2%15.2%28.6%14.7%5.2%0.0%13.0M-541.6M-4.3M0.6537.112,5511,65437,34134,578
2025-01-08$541.57$530.0014.5%4.2%15.2%25.3%13.9%6.6%0.0%5.3M-550.8M-4.4M0.5336.862,1661,15438,36735,543
2025-01-10$533.53$535.0015.8%4.4%16.0%32.5%15.3%4.6%-0.8%-1.4M-348.9M-4.4M0.7939.763,8313,02839,21136,213
2025-01-13$533.63$535.0015.8%4.4%15.5%32.3%15.5%4.7%-0.7%1.9M-423.9M-4.4M0.8341.842,9292,42137,43835,077
2025-01-14$533.60$535.0016.5%4.4%15.5%36.0%15.1%4.7%-1.3%12.0M-453.3M-4.4M0.4840.351,70382138,88235,090
2025-01-15$545.80$535.0013.4%3.8%17.9%19.5%12.5%4.1%-0.2%54.3M-739.6M-4.2M0.4142.612,7541,13039,53435,306
2025-01-16$545.17$540.0013.1%3.7%17.8%18.2%12.4%3.6%-0.4%60.5M-726.0M-4.2M0.9044.501,7541,58040,13935,572
2025-01-17$550.13$540.0013.0%3.6%18.1%17.2%12.8%3.5%-0.4%155.4M-878.4M-4.2M0.3041.685,3271,61940,78436,124
2025-01-21$553.97$540.0012.0%3.4%14.8%12.0%15.2%3.0%0.3%49.3M-618.4M-4.1M0.6036.344,4102,66326,46320,475
2025-01-22$558.12$510.0011.9%3.4%14.9%11.8%11.7%2.8%0.2%68.6M-780.6M-4.1M0.4736.414,1501,94728,88022,301
2025-01-23$558.98$515.0011.5%3.3%14.6%9.7%11.7%2.9%0.2%70.9M-791.7M-4.2M0.5237.341,81193730,53023,596
2025-01-24$558.28$515.0011.9%3.4%14.6%11.4%11.6%3.1%0.2%50.7M-762.7M-4.3M0.6442.192,3221,49030,99724,234
2025-01-27$550.14$515.0014.3%4.1%15.4%24.5%14.4%5.2%-0.1%25.5M-538.4M-4.4M0.7843.163,1532,45428,97123,743
2025-01-28$556.34$525.0012.8%3.7%15.8%16.6%12.9%4.4%0.1%41.6M-681.4M-4.3M0.4940.202,02698829,94225,309
2025-01-29$553.54$525.0013.6%3.9%14.9%20.6%13.5%3.8%-0.1%36.3M-618.3M-4.4M1.0548.861,5821,65630,42925,857
2025-01-30$554.06$530.0013.1%3.7%14.8%17.8%12.8%4.0%-0.1%39.0M-631.6M-4.5M0.6053.031,44586631,04627,067
2025-01-31$553.11$530.0013.8%3.9%14.5%21.4%13.0%4.5%0.1%29.6M-598.2M-4.5M0.6243.873,4302,13531,39427,439