VOX Options History — February 2025

In February 2025, VOX traded between $158.22 and $169.42. ATM implied volatility averaged 16.3%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 2.8% (HV 20d: 13.5%). Max pain ranged from $157.00 to $167.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.28.

Notable Days

2025-02-21: Highest Volume — 18 contracts
2025-02-27: Largest IV spike — 13.8% change
2025-02-27: Highest IV Rank — 35.2%
2025-02-27: Largest Expected Move — 5.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$165.08	$158.22	$169.42	$166.67	$159.30
Max Pain	$164.71	$157.00	$167.00	$162.00	$157.00
ATM IV	16.3%	14.3%	20.1%	16.2%	18.2%
Expected Move	4.7%	4.1%	5.8%	4.6%	5.2%
HV 20d	13.5%	10.0%	16.1%	15.0%	14.4%
HV 60d	16.1%	15.3%	16.7%	16.6%	16.7%
IV Rank	21.0%	13.5%	35.2%	20.7%	28.2%
IV Percentile	45.6%	16.3%	82.9%	47.6%	72.2%
Term Structure	-0.2%	-3.0%	1.5%	0.3%	-0.3%
VWIV	16.6%	13.0%	21.3%	15.6%	16.4%
Skew 25d	3.0%	1.3%	5.1%	1.3%	3.7%
Skew 10d	2.6%	-0.4%	9.5%	9.5%	1.5%
Call IV 25d	14.8%	13.6%	16.4%	16.4%	15.7%
Put IV 25d	17.9%	15.9%	19.5%	17.8%	19.4%
Bid-Ask Spread %	94.69	79.58	104.56	94.51	104.25
Gamma HHI	0.11	0.09	0.19	0.11	0.09
Net GEX	87.7K	51.6K	141.7K	75.5K	66.0K
Net DEX	-2.0M	-2.5M	-1.2M	-2.2M	-1.4M
Net VEX	-4.0K	-4.9K	-3.4K	-4.1K	-4.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.28	0.00	2.00	0.00	0.14
Total Volume	4	0	18	2	8
Total OI	234.368	209	248	238	237

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-02-03	$166.67	$162.00	16.2%	4.6%	15.0%	20.7%	0.0%	1.3%	0.3%	75.5K	-2.2M	-4.1K	0.00	94.51	N/A	N/A	2	0	175	63
2025-02-04	$168.38	$162.00	15.1%	4.3%	15.0%	16.6%	0.0%	3.1%	0.6%	72.7K	-2.3M	-3.9K	0.00	100.45	N/A	N/A	1	0	175	63
2025-02-05	$165.43	$162.00	17.0%	4.9%	16.1%	23.8%	0.0%	4.6%	-1.1%	85.7K	-2.0M	-4.3K	0.00	103.16	N/A	N/A	1	0	176	63
2025-02-06	$166.19	$0.00	16.6%	4.5%	15.3%	22.2%	0.0%	1.4%	0.1%	83.9K	-2.1M	-4.0K	0.00	80.48	N/A	N/A	0	0	175	63
2025-02-07	$166.31	$0.00	14.7%	4.6%	15.0%	15.0%	15.6%	3.3%	0.2%	87.6K	-2.1M	-4.0K	0.00	79.58	N/A	N/A	3	0	175	63
2025-02-10	$167.12	$167.00	15.1%	4.3%	14.1%	16.5%	0.0%	2.1%	1.2%	88.8K	-2.2M	-3.8K	0.00	85.47	N/A	N/A	6	0	178	63
2025-02-11	$167.24	$167.00	15.4%	4.9%	13.8%	17.8%	0.0%	2.6%	-2.0%	96.0K	-2.3M	-4.0K	0.00	84.84	N/A	N/A	0	0	184	63
2025-02-12	$167.25	$167.00	15.3%	4.4%	13.2%	17.2%	0.0%	2.3%	0.8%	97.7K	-2.3M	-3.9K	0.00	96.21	N/A	N/A	0	0	184	63
2025-02-13	$168.15	$167.00	15.5%	4.4%	10.4%	17.9%	0.0%	4.3%	-1.4%	96.7K	-2.4M	-3.8K	0.00	101.27	N/A	N/A	0	1	184	63
2025-02-14	$169.42	$167.00	15.1%	4.3%	10.0%	16.6%	0.0%	2.2%	1.5%	79.7K	-2.5M	-3.4K	1.00	92.88	N/A	N/A	1	1	184	64
2025-02-18	$166.99	$167.00	15.8%	4.5%	11.9%	19.2%	0.0%	2.9%	-2.2%	113.8K	-2.3M	-3.6K	0.00	104.56	N/A	N/A	0	0	184	63
2025-02-19	$166.88	$167.00	16.1%	4.6%	11.8%	20.4%	13.0%	2.6%	0.4%	109.2K	-2.1M	-3.5K	0.00	97.31	N/A	N/A	5	0	170	63
2025-02-20	$165.88	$167.00	14.3%	4.1%	12.0%	13.5%	0.0%	2.0%	1.1%	129.5K	-2.0M	-3.5K	0.33	95.43	N/A	N/A	3	1	169	63
2025-02-21	$163.11	$167.00	16.2%	4.6%	13.7%	20.7%	16.9%	5.1%	1.2%	141.7K	-1.6M	-3.8K	0.00	96.22	N/A	N/A	18	0	170	64
2025-02-24	$163.13	$165.00	16.9%	4.8%	13.0%	23.3%	16.5%	3.4%	-0.9%	69.3K	-1.6M	-3.9K	0.50	92.54	N/A	N/A	2	1	152	57
2025-02-25	$160.40	$163.00	17.9%	5.1%	14.4%	27.2%	0.0%	2.9%	0.1%	61.4K	-1.4M	-4.2K	0.00	96.55	N/A	N/A	1	0	154	58
2025-02-26	$160.51	$163.00	17.6%	5.1%	13.4%	26.1%	16.6%	3.3%	-1.1%	60.6K	-1.4M	-4.1K	2.00	99.75	N/A	N/A	2	4	153	58
2025-02-27	$158.22	$163.00	20.1%	5.8%	14.1%	35.2%	21.3%	4.6%	-3.0%	51.6K	-1.2M	-4.3K	0.00	93.69	N/A	N/A	15	0	155	62
2025-02-28	$159.30	$157.00	18.2%	5.2%	14.4%	28.2%	16.4%	3.7%	-0.3%	66.0K	-1.4M	-4.9K	0.14	104.25	N/A	N/A	7	1	175	62