VOO Options History — March 2025

In March 2025, VOO traded between $506.36 and $536.25. ATM implied volatility averaged 19.2%, placing in the 50.4% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 1.6% (HV 20d: 17.6%). Max pain ranged from $515.00 to $585.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2025-03-07: Highest Volume — 7,697 contracts
  • 2025-03-10: Largest IV spike — 19.4% change
  • 2025-03-10: Highest IV Rank — 77.6%
  • 2025-03-10: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$521.74$506.36$536.25$534.40$514.36
Max Pain$534.13$515.00$585.00$545.00$520.00
ATM IV19.2%14.9%24.3%19.9%18.9%
Expected Move5.8%4.4%8.7%6.2%5.3%
HV 20d17.6%12.1%22.0%12.2%21.8%
HV 60d15.3%13.5%16.6%13.6%16.6%
IV Rank50.4%27.5%77.6%54.1%48.9%
IV Percentile92.1%68.7%99.6%98.0%93.7%
Term Structure-0.4%-1.3%0.6%-0.4%-0.6%
VWIV19.7%14.6%29.0%20.5%18.7%
Skew 25d5.8%3.6%8.6%5.6%7.2%
Skew 10d12.4%6.4%20.1%12.7%17.4%
Call IV 25d16.3%12.2%21.0%17.1%15.3%
Put IV 25d22.1%16.1%28.3%22.7%22.5%
Bid-Ask Spread %56.2727.9777.4271.1935.63
Gamma HHI0.060.050.150.050.05
Net GEX-4.3M-25.3M23.6M1.4M-7.9M
Net DEX-69.2M-293.9M236.1M-251.9M2.0M
Net VEX-4.6M-4.7M-4.3M-4.6M-4.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.361.480.680.63
Total Volume5,296.2862,6237,6974,2597,497
Total OI62,105.8157,16767,19257,16757,989

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$534.40$545.0019.9%6.2%12.2%54.1%20.5%5.6%-0.4%1.4M-251.9M-4.6M0.6871.192,5411,71829,52627,641
2025-03-04$533.15$545.0019.7%6.0%12.1%52.8%20.5%6.7%-0.8%-4.3M-212.1M-4.6M0.9570.103,7853,58330,53428,678
2025-03-05$536.25$545.0018.9%6.0%12.1%48.6%19.8%7.0%0.2%613.6K-285.8M-4.7M1.2171.422,5673,11831,35930,658
2025-03-06$525.91$545.0022.0%7.1%13.6%65.3%22.7%6.4%-0.3%-25.3M-59.7M-4.7M1.4868.902,9224,31331,80732,300
2025-03-07$528.62$540.0020.4%6.3%13.7%56.5%22.0%8.6%-0.5%-25.3M-145.4M-4.7M0.6869.394,5913,10632,73732,050
2025-03-10$514.52$540.0024.3%8.7%16.2%77.6%29.0%7.3%-1.3%-12.2M104.0M-4.6M0.8666.804,0253,45629,56028,220
2025-03-11$513.78$537.5023.1%7.9%15.7%71.1%28.0%7.6%-1.2%-15.2M118.2M-4.6M0.9870.543,3213,27030,88629,727
2025-03-12$514.44$535.0022.4%7.3%15.8%67.2%24.1%5.4%-1.3%-17.5M103.6M-4.6M0.5974.043,0791,82731,83930,685
2025-03-13$506.36$535.0022.5%7.3%16.3%67.8%25.0%7.2%0.6%-24.6M236.1M-4.5M0.5777.423,8502,18332,87830,981
2025-03-14$516.52$525.0019.8%6.0%17.7%53.8%20.2%6.0%-0.8%-1.6M13.0M-4.6M0.6573.844,0382,61234,52330,776
2025-03-17$523.09$525.0017.8%4.9%18.6%42.8%15.5%5.3%0.5%-1.9M-114.6M-4.6M0.6445.122,6191,68531,92730,353
2025-03-18$515.51$525.0019.4%5.2%19.0%51.2%15.7%5.2%-0.6%-9.3M26.6M-4.5M1.0360.201,8741,93933,18631,249
2025-03-19$523.25$525.0017.1%4.8%20.0%39.1%16.1%5.1%0.3%9.1M-147.6M-4.6M0.5758.002,6581,50333,60232,004
2025-03-20$520.43$0.0017.2%4.9%20.0%39.9%17.3%4.6%-0.6%7.2M-73.9M-4.6M0.7648.971,5271,15634,50332,321
2025-03-21$518.75$585.0017.1%4.8%19.4%39.2%17.2%4.7%-0.4%-4.6M-39.5M-4.5M0.6227.972,5781,60734,83232,360
2025-03-24$529.60$515.0015.6%4.4%21.2%31.4%15.2%3.6%-0.6%12.8M-258.4M-4.5M0.4448.604,0681,77930,21627,439
2025-03-25$530.20$525.0014.9%4.4%21.1%27.5%14.6%3.9%0.4%23.6M-293.9M-4.5M0.3640.641,92370032,34428,119
2025-03-26$524.15$530.0016.5%4.7%21.3%35.9%16.1%3.9%-0.5%9.5M-139.5M-4.5M0.4832.582,2711,09233,11428,316
2025-03-27$522.83$520.0016.5%4.6%20.8%36.1%16.0%4.3%-0.4%9.1M-131.3M-4.5M0.9934.511,6221,60032,96328,431
2025-03-28$510.39$520.0019.6%5.4%22.0%52.6%18.6%5.8%0.1%-14.2M97.1M-4.3M1.2535.732,4923,12733,51528,074
2025-03-31$514.36$520.0018.9%5.3%21.8%48.9%18.7%7.2%-0.6%-7.9M2.0M-4.3M0.6335.634,6072,89030,56927,420