VOX Options History — January 2025

In January 2025, VOX traded between $153.36 and $166.16. ATM implied volatility averaged 16.4%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 1.3% (HV 20d: 17.7%). Max pain ranged from $140.00 to $167.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.21.

Notable Days

2025-01-30: Highest Volume — 51 contracts
2025-01-03: Largest IV drop — 17.6% change
2025-01-02: Highest IV Rank — 33.1%
2025-01-02: Largest Expected Move — 5.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$159.48	$153.36	$166.16	$155.79	$166.16
Max Pain	$152.44	$140.00	$167.00	$140.00	$162.00
ATM IV	16.4%	14.1%	19.5%	19.5%	16.1%
Expected Move	4.8%	4.3%	5.6%	5.6%	4.6%
HV 20d	17.7%	15.0%	20.2%	19.1%	15.0%
HV 60d	16.5%	15.4%	17.0%	15.4%	16.7%
IV Rank	21.5%	12.7%	33.1%	33.1%	20.2%
IV Percentile	47.3%	16.3%	79.4%	79.4%	44.0%
Term Structure	0.6%	-2.3%	2.3%	-2.3%	-1.4%
VWIV	16.3%	12.5%	20.5%	15.5%	15.0%
Skew 25d	2.7%	-3.5%	6.5%	1.3%	0.4%
Skew 10d	2.9%	-2.5%	5.9%	0.2%	-0.9%
Call IV 25d	14.0%	9.5%	16.2%	14.1%	15.7%
Put IV 25d	16.7%	12.4%	20.4%	15.4%	16.1%
Bid-Ask Spread %	99.38	89.11	117.50	117.50	97.08
Gamma HHI	0.17	0.10	0.33	0.16	0.10
Net GEX	66.2K	16.9K	126.8K	44.6K	73.3K
Net DEX	-1.6M	-2.1M	-1.2M	-1.3M	-2.1M
Net VEX	-4.3K	-5.0K	-3.6K	-4.4K	-4.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.21	0.00	2.00	1.00	0.00
Total Volume	9.45	0	51	0	6
Total OI	221.8	202	245	203	232

Daily Data (20 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-01-02	$155.79	$140.00	19.5%	5.6%	19.1%	33.1%	0.0%	1.3%	-2.3%	44.6K	-1.3M	-4.4K	0.00	117.50	N/A	N/A	0	0	145	58
2025-01-03	$157.40	$140.00	16.1%	4.6%	19.4%	20.3%	15.5%	2.6%	1.1%	62.5K	-1.4M	-4.2K	1.00	109.86	N/A	N/A	3	3	145	58
2025-01-06	$159.75	$0.00	14.1%	4.8%	20.1%	12.7%	0.0%	4.2%	1.0%	68.7K	-1.7M	-3.8K	0.00	91.69	N/A	N/A	3	0	148	61
2025-01-07	$157.90	$0.00	15.6%	4.8%	20.2%	18.4%	17.1%	2.8%	0.7%	67.0K	-1.5M	-4.1K	0.00	92.63	N/A	N/A	9	0	149	61
2025-01-08	$157.04	$167.00	14.6%	4.8%	19.4%	14.8%	0.0%	2.6%	1.7%	67.9K	-1.4M	-4.4K	0.00	95.61	N/A	N/A	0	0	156	61
2025-01-10	$155.26	$150.00	16.7%	5.1%	19.0%	22.4%	0.0%	4.8%	1.0%	40.5K	-1.2M	-4.5K	0.00	93.45	N/A	N/A	17	0	155	65
2025-01-13	$154.53	$150.00	17.5%	5.1%	17.3%	25.6%	20.5%	3.1%	0.5%	32.1K	-1.3M	-4.9K	0.00	89.11	N/A	N/A	4	0	168	65
2025-01-14	$153.36	$150.00	18.6%	5.0%	17.3%	29.7%	0.0%	1.2%	1.2%	16.9K	-1.2M	-5.0K	0.00	98.34	N/A	N/A	14	0	170	65
2025-01-15	$157.39	$150.00	17.4%	5.0%	19.9%	25.3%	0.0%	2.9%	1.7%	94.5K	-1.6M	-4.4K	0.00	97.56	N/A	N/A	30	0	170	65
2025-01-16	$156.59	$150.00	16.7%	4.8%	19.7%	22.5%	0.0%	2.4%	0.7%	69.6K	-1.7M	-4.9K	0.00	102.34	N/A	N/A	0	0	180	65
2025-01-17	$157.78	$150.00	16.5%	4.7%	19.7%	21.8%	17.0%	2.9%	1.1%	126.8K	-1.8M	-4.6K	0.11	94.08	N/A	N/A	9	1	180	65
2025-01-21	$158.99	$150.00	16.8%	4.8%	15.9%	22.8%	14.1%	4.3%	1.7%	52.8K	-1.5M	-4.6K	0.15	92.21	N/A	N/A	13	2	146	56
2025-01-22	$160.10	$152.00	15.3%	4.4%	16.0%	17.2%	15.4%	4.7%	1.4%	69.3K	-1.6M	-4.7K	2.00	102.48	N/A	N/A	1	2	160	58
2025-01-23	$160.67	$152.00	15.0%	4.3%	16.0%	16.2%	0.0%	2.8%	2.0%	68.9K	-1.6M	-4.6K	0.00	103.13	N/A	N/A	0	0	159	60
2025-01-24	$162.61	$152.00	15.3%	4.4%	16.4%	17.4%	0.0%	1.7%	0.8%	72.6K	-1.8M	-4.2K	0.00	107.51	N/A	N/A	1	0	159	60
2025-01-27	$162.63	$152.00	16.4%	4.7%	16.3%	21.4%	12.5%	6.5%	0.6%	67.5K	-1.8M	-4.2K	0.00	103.91	N/A	N/A	4	0	160	60
2025-01-28	$164.75	$159.00	17.5%	5.0%	16.8%	25.5%	17.5%	-3.5%	-1.9%	68.2K	-2.0M	-3.7K	0.00	100.39	N/A	N/A	3	0	158	60
2025-01-29	$165.22	$159.00	17.3%	5.0%	15.6%	24.7%	18.8%	4.8%	-1.1%	72.5K	-2.0M	-3.6K	0.00	104.14	N/A	N/A	13	0	161	60
2025-01-30	$165.61	$159.00	15.5%	4.4%	15.4%	18.0%	15.0%	2.0%	2.3%	88.4K	-2.1M	-3.8K	0.06	94.52	N/A	N/A	48	3	172	60
2025-01-31	$166.16	$162.00	16.1%	4.6%	15.0%	20.2%	0.0%	0.4%	-1.4%	73.3K	-2.1M	-4.1K	0.00	97.08	N/A	N/A	6	0	169	63