VOO Options History — January 2026

In January 2026, VOO traded between $622.68 and $639.99. ATM implied volatility averaged 13.4%, placing in the 7.2% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 3.7% (HV 20d: 9.7%). Max pain ranged from $580.00 to $615.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.49.

Notable Days

  • 2026-01-16: Highest Volume — 13,013 contracts
  • 2026-01-20: Largest IV spike — 34.1% change
  • 2026-01-20: Highest IV Rank — 18.5%
  • 2026-01-20: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$634.81$622.68$639.99$627.80$635.92
Max Pain$610.00$580.00$615.00$580.00$615.00
ATM IV13.4%12.0%17.3%12.7%14.8%
Expected Move3.8%3.4%5.0%3.4%4.1%
HV 20d9.7%7.3%11.4%8.4%11.2%
HV 60d11.6%11.0%12.4%12.3%11.6%
IV Rank7.2%3.1%18.5%5.1%11.3%
IV Percentile32.1%9.1%79.4%17.1%60.7%
Term Structure-0.0%-0.7%0.8%0.2%0.1%
VWIV13.3%11.8%17.6%11.8%14.3%
Skew 25d5.0%3.7%7.1%4.4%6.3%
Skew 10d10.4%7.1%14.9%8.2%12.5%
Call IV 25d11.1%10.1%14.0%10.1%11.9%
Put IV 25d16.1%14.5%20.6%14.5%18.2%
Bid-Ask Spread %79.9870.0586.4381.8280.67
Gamma HHI0.090.050.200.080.08
Net GEX85.3M19.7M175.5M35.1M60.4M
Net DEX-957.5M-1.28B-482.8M-945.1M-709.7M
Net VEX-4.5M-5.0M-4.1M-4.2M-4.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.240.910.430.75
Total Volume5,200.552,34613,0134,7684,673
Total OI63,101.3549,14774,20167,67657,492

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$627.80$580.0012.7%3.4%8.4%5.1%11.8%4.4%0.2%35.1M-945.1M-4.2M0.4381.823,3271,44138,97928,697
2026-01-05$632.70$605.0012.8%3.7%8.8%5.5%12.0%4.2%-0.6%74.1M-1.06B-4.1M0.2481.293,60585536,65627,432
2026-01-06$636.44$605.0012.0%3.5%8.9%3.1%12.9%4.3%0.4%113.7M-1.19B-4.2M0.3386.432,58186138,70327,932
2026-01-07$634.10$610.0012.8%3.7%8.9%5.4%13.7%3.7%0.8%110.8M-1.15B-4.3M0.6579.802,5011,61539,71228,387
2026-01-08$634.03$610.0012.8%3.7%8.9%5.5%12.6%5.0%0.0%107.4M-1.13B-4.3M0.4477.471,63071640,55529,386
2026-01-09$638.97$610.0012.2%3.6%8.9%3.7%12.7%4.7%-0.5%175.5M-1.28B-4.1M0.2585.175,7951,43740,67129,754
2026-01-12$639.48$610.0012.8%3.6%8.9%5.5%12.4%4.6%-0.7%102.6M-1.20B-4.1M0.3980.072,9781,16038,77728,954
2026-01-13$636.49$610.0012.9%3.8%8.2%5.7%12.5%4.9%0.2%91.2M-1.14B-4.2M0.7081.452,0961,47439,99329,491
2026-01-14$633.50$610.0014.1%3.9%8.4%9.1%15.6%5.1%-0.3%76.1M-1.09B-4.2M0.3083.944,3101,28240,69330,428
2026-01-15$636.14$610.0013.1%3.7%8.4%6.4%12.2%4.0%-0.1%85.0M-1.15B-4.2M0.3278.853,09898041,37831,025
2026-01-16$636.36$610.0012.9%3.7%7.3%5.6%12.4%5.3%-0.2%79.1M-1.19B-4.2M0.3875.589,4093,60442,73831,463
2026-01-20$622.68$610.0017.3%5.0%10.5%18.5%17.6%6.6%-0.6%19.7M-482.8M-4.8M0.4570.056,9153,08529,99019,157
2026-01-21$630.32$615.0014.5%4.2%11.2%10.5%13.8%5.8%-0.0%46.6M-639.8M-4.9M0.4377.924,3851,87233,59721,138
2026-01-22$633.16$615.0013.5%3.8%11.3%7.4%12.9%4.2%0.5%71.1M-731.8M-4.8M0.9178.253,5093,18735,34721,932
2026-01-23$633.86$615.0013.0%3.7%11.2%6.0%13.3%4.9%0.1%88.5M-754.5M-4.9M0.3979.433,7231,45237,12523,117
2026-01-26$637.98$615.0013.3%3.7%11.3%7.0%14.6%4.7%0.1%76.2M-797.1M-4.9M0.6875.522,5511,74631,95420,888
2026-01-27$639.99$615.0013.2%3.6%11.4%6.8%13.2%5.3%0.0%99.6M-884.3M-5.0M0.4476.902,4491,08633,22721,980
2026-01-28$639.38$615.0013.5%3.8%11.3%7.5%13.0%5.8%0.4%106.9M-861.8M-4.9M0.5986.301,54390533,90122,396
2026-01-29$636.92$615.0013.9%3.9%11.4%8.7%13.4%7.1%-0.5%85.7M-756.9M-5.0M0.7682.612,3751,80034,23822,744
2026-01-30$635.92$615.0014.8%4.1%11.2%11.3%14.3%6.3%0.1%60.4M-709.7M-4.9M0.7580.672,6662,00734,12123,371