VOO Options History — November 2025

In November 2025, VOO traded between $600.78 and $628.47. ATM implied volatility averaged 16.6%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 3.0% (HV 20d: 13.6%). Max pain ranged from $515.00 to $615.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.65.

Notable Days

2025-11-21: Highest Volume — 16,329 contracts
2025-11-17: Largest IV spike — 13.6% change
2025-11-20: Highest IV Rank — 34.4%
2025-11-20: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$618.60	$600.78	$628.47	$628.08	$627.11
Max Pain	$548.68	$515.00	$615.00	$615.00	$515.00
ATM IV	16.6%	14.0%	21.9%	14.7%	14.0%
Expected Move	4.8%	4.1%	6.4%	4.1%	4.4%
HV 20d	13.6%	11.6%	15.3%	13.1%	15.0%
HV 60d	11.0%	9.8%	12.0%	9.8%	11.9%
IV Rank	19.3%	12.1%	34.4%	13.9%	12.1%
IV Percentile	70.2%	43.7%	91.3%	60.7%	43.7%
Term Structure	-0.0%	-1.9%	1.0%	1.0%	-0.3%
VWIV	17.4%	14.1%	26.8%	14.1%	16.0%
Skew 25d	6.1%	4.1%	8.4%	4.1%	4.4%
Skew 10d	13.2%	8.4%	17.9%	12.6%	8.5%
Call IV 25d	14.0%	12.0%	17.6%	13.2%	12.2%
Put IV 25d	20.0%	16.7%	26.0%	17.2%	16.7%
Bid-Ask Spread %	72.60	54.26	87.13	54.26	87.13
Gamma HHI	0.07	0.05	0.14	0.06	0.11
Net GEX	54.1M	953.0K	144.6M	55.6M	131.0M
Net DEX	-1.24B	-1.88B	-736.5M	-1.35B	-1.88B
Net VEX	-5.0M	-5.3M	-4.7M	-4.7M	-4.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.65	0.31	1.76	0.35	0.41
Total Volume	6,211	2,112	16,329	7,376	3,318
Total OI	81,930.158	72,061	91,596	72,061	91,596

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-11-03	$628.08	$615.00	14.7%	4.1%	13.1%	13.9%	14.1%	4.1%	1.0%	55.6M	-1.35B	-4.7M	0.35	54.26	5,448	1,928	40,966	31,095
2025-11-04	$621.97	$615.00	15.6%	4.5%	13.6%	16.7%	17.4%	5.7%	-0.1%	38.5M	-1.19B	-5.2M	1.23	54.32	3,248	3,994	43,560	31,988
2025-11-05	$624.66	$615.00	14.2%	4.2%	13.5%	12.7%	14.8%	5.1%	1.0%	46.0M	-1.28B	-5.1M	0.32	60.31	3,785	1,209	43,929	34,647
2025-11-06	$617.06	$535.00	15.7%	4.8%	14.2%	16.9%	16.8%	5.3%	1.0%	19.8M	-1.09B	-5.1M	1.76	73.36	2,629	4,638	45,440	34,956
2025-11-07	$615.79	$535.00	16.7%	5.0%	11.6%	19.8%	16.2%	6.7%	0.7%	953.0K	-978.0M	-5.3M	0.66	72.09	5,732	3,800	45,880	35,462
2025-11-10	$626.71	$540.00	14.6%	4.5%	12.6%	13.9%	14.8%	6.3%	0.8%	60.8M	-1.38B	-4.9M	0.31	74.76	4,228	1,330	44,544	32,914
2025-11-11	$628.04	$540.00	14.7%	4.3%	12.4%	14.0%	14.9%	4.5%	0.1%	81.7M	-1.43B	-5.0M	0.51	76.28	1,395	717	46,260	33,398
2025-11-12	$628.47	$540.00	15.1%	4.3%	12.3%	15.2%	16.1%	4.9%	-0.0%	86.1M	-1.47B	-4.9M	0.36	75.24	1,618	586	46,609	33,831
2025-11-13	$618.23	$540.00	16.8%	4.8%	13.5%	20.1%	18.2%	4.5%	0.0%	46.1M	-1.13B	-5.1M	1.48	77.81	3,012	4,450	46,835	33,993
2025-11-14	$618.15	$545.00	16.4%	4.7%	13.3%	19.0%	15.5%	5.7%	-0.0%	43.8M	-1.15B	-4.9M	0.57	73.81	3,647	2,068	47,476	34,341
2025-11-17	$610.68	$545.00	18.7%	5.4%	13.5%	25.3%	18.1%	6.5%	-0.8%	28.6M	-922.9M	-5.0M	0.40	74.19	3,349	1,341	45,641	32,908
2025-11-18	$608.39	$550.00	19.3%	5.5%	13.5%	27.2%	20.5%	6.8%	0.5%	27.9M	-884.8M	-5.0M	0.55	72.75	3,885	2,126	47,279	33,341
2025-11-19	$609.48	$550.00	19.3%	5.5%	13.4%	27.1%	19.4%	8.2%	-0.8%	34.8M	-961.5M	-5.1M	0.53	71.21	4,066	2,139	48,613	33,630
2025-11-20	$600.78	$550.00	21.9%	6.4%	13.9%	34.4%	21.4%	8.4%	-1.9%	10.2M	-736.5M	-5.2M	0.64	76.30	4,787	3,050	50,242	34,913
2025-11-21	$607.06	$550.00	19.8%	5.8%	14.1%	28.4%	26.8%	7.6%	-0.9%	8.6M	-923.4M	-5.1M	0.74	80.11	9,387	6,942	52,286	34,854
2025-11-24	$615.46	$515.00	17.5%	4.9%	14.6%	21.9%	17.1%	7.4%	-0.4%	58.4M	-1.37B	-5.0M	0.55	71.13	3,867	2,145	50,462	34,685
2025-11-25	$620.79	$515.00	15.4%	4.6%	14.9%	16.0%	16.7%	7.3%	-0.2%	103.5M	-1.57B	-4.9M	0.45	76.23	1,900	857	52,149	36,385
2025-11-26	$626.42	$515.00	14.2%	4.2%	15.3%	12.7%	15.5%	6.0%	-0.2%	144.6M	-1.82B	-4.7M	0.54	78.04	3,500	1,888	52,912	36,653
2025-11-28	$627.11	$515.00	14.0%	4.4%	15.0%	12.1%	16.0%	4.4%	-0.3%	131.0M	-1.88B	-4.7M	0.41	87.13	2,353	965	53,957	37,639