VOO Options History — April 2025

In April 2025, VOO traded between $451.26 and $519.40. ATM implied volatility averaged 27.6%, placing in the 56.2% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 17.3% (HV 20d: 44.9%). Max pain ranged from $480.00 to $520.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.05.

Notable Days

  • 2025-04-10: Highest Volume — 24,656 contracts
  • 2025-04-10: Largest IV spike — 48.2% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$491.16$451.26$519.40$514.94$506.90
Max Pain$490.71$480.00$520.00$520.00$490.00
ATM IV27.6%17.7%45.1%18.8%22.7%
Expected Move7.8%5.0%12.5%5.2%6.5%
HV 20d44.9%21.9%53.8%21.9%53.1%
HV 60d28.6%16.5%33.3%16.6%33.3%
IV Rank56.2%31.8%100.0%48.2%36.5%
IV Percentile96.2%89.7%100.0%92.9%92.9%
Term Structure-0.9%-3.4%1.0%-0.5%-1.4%
VWIV27.0%18.1%39.1%18.1%23.8%
Skew 25d9.8%4.8%16.2%5.7%7.5%
Skew 10d21.1%9.4%39.1%9.4%22.5%
Call IV 25d22.7%15.2%37.0%16.6%18.3%
Put IV 25d32.5%20.1%53.0%22.3%25.8%
Bid-Ask Spread %53.9332.6470.3247.8670.32
Gamma HHI0.040.030.070.040.04
Net GEX5.0M-18.3M36.7M-1.9M26.2M
Net DEX-182.9M-1.19B499.9M-34.0M-1.13B
Net VEX-5.3M-6.1M-4.1M-4.5M-6.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.244.670.240.93
Total Volume9,481.6193,84624,6565,3335,012
Total OI82,876.47660,732111,08860,732111,088

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$514.94$520.0018.8%5.2%21.9%48.2%18.1%5.7%-0.5%-1.9M-34.0M-4.5M0.2447.864,3091,02432,50828,224
2025-04-02$519.40$515.0017.7%5.0%22.0%42.4%18.1%4.8%0.3%11.2M-157.0M-4.6M0.4546.223,1271,41433,93728,594
2025-04-03$495.03$515.0024.5%6.8%26.9%78.2%24.3%7.7%1.0%-18.3M256.7M-4.4M1.7132.645,1298,77035,16328,403
2025-04-04$471.42$500.0035.0%9.2%31.2%100.0%30.1%13.3%-1.3%-12.9M452.0M-4.1M1.2636.737,3309,21636,55528,292
2025-04-07$461.14$495.0040.7%10.8%30.8%100.0%35.0%14.5%-2.7%-8.9M437.3M-4.1M0.9845.516,8796,71035,47628,441
2025-04-08$451.26$485.0045.1%12.5%31.3%100.0%37.1%16.0%-0.9%-8.8M499.9M-4.1M0.7943.205,8844,62338,97130,408
2025-04-09$497.78$485.0025.8%7.1%48.6%45.3%28.4%10.9%-1.1%12.5M-145.8M-4.9M0.7363.888,3236,11140,53330,400
2025-04-10$477.86$485.0038.2%10.2%50.3%80.4%39.1%16.2%-3.4%-835.5K131.3M-4.9M4.6744.494,35020,30642,52832,006
2025-04-11$491.12$485.0031.6%8.7%50.8%61.8%33.0%15.9%-1.5%3.0M16.0M-5.9M0.7249.273,9912,87343,22646,846
2025-04-14$497.81$485.0025.2%7.1%50.9%43.8%25.0%10.9%0.3%1.8M-74.2M-5.6M1.0459.084,2904,46139,58843,688
2025-04-15$494.27$485.0024.6%7.0%50.7%42.1%24.0%10.5%0.5%-205.6K-14.5M-5.7M1.1561.221,7852,06141,13246,552
2025-04-16$480.61$485.0029.3%8.4%51.1%55.3%27.6%9.2%-0.9%-14.5M214.7M-5.7M1.0962.442,7312,97441,71146,730
2025-04-17$484.92$485.0026.6%7.6%51.3%47.6%25.9%9.1%-0.4%554.4K88.8M-5.7M0.8757.227,6176,62942,14646,522
2025-04-21$470.85$485.0030.8%8.9%52.1%59.6%31.3%9.8%-2.2%-12.9M-23.7M-5.7M0.9250.943,5203,22939,48944,289
2025-04-22$484.24$485.0027.3%8.1%52.7%49.7%26.2%7.9%-1.0%-361.4K-263.1M-5.9M0.4153.724,1211,69640,76745,791
2025-04-23$491.79$480.0026.3%7.6%53.1%46.7%25.0%7.6%-0.7%13.8M-436.1M-5.8M1.0260.223,5333,61742,39846,608
2025-04-24$502.22$485.0023.9%6.9%53.7%40.0%24.1%7.2%-1.1%27.2M-626.6M-6.0M0.5854.162,8831,67343,64248,231
2025-04-25$505.14$485.0022.5%6.4%53.8%36.2%23.4%6.1%-1.2%36.7M-719.1M-5.8M0.8263.179,6547,91144,67848,854
2025-04-28$506.47$485.0021.8%6.4%53.2%34.0%23.2%7.5%-0.4%23.6M-1.13B-6.0M1.0061.952,3322,32951,81255,003
2025-04-29$509.25$485.0021.0%6.3%53.1%31.8%23.4%7.1%0.1%28.7M-1.19B-6.0M0.6368.252,8751,81252,87256,304
2025-04-30$506.90$490.0022.7%6.5%53.1%36.5%23.8%7.5%-1.4%26.2M-1.13B-6.1M0.9370.322,5932,41953,75757,331