VOX Options History — November 2025

In November 2025, VOX traded between $178.66 and $190.72. ATM implied volatility averaged 20.0%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 2.9% (HV 20d: 17.1%). Max pain ranged from $177.00 to $200.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.06.

Notable Days

2025-11-24: Highest Volume — 69 contracts
2025-11-24: Largest IV drop — 13.3% change
2025-11-20: Highest IV Rank — 20.5%
2025-11-20: Largest Expected Move — 6.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$184.01	$178.66	$190.72	$185.39	$190.72
Max Pain	$193.63	$177.00	$200.00	$186.00	$177.00
ATM IV	20.0%	17.4%	23.2%	20.4%	17.4%
Expected Move	5.7%	5.0%	6.6%	5.8%	5.0%
HV 20d	17.1%	15.7%	19.6%	16.1%	18.3%
HV 60d	14.2%	13.3%	15.6%	13.5%	15.0%
IV Rank	14.3%	9.3%	20.5%	15.1%	9.3%
IV Percentile	73.0%	50.4%	86.9%	77.0%	50.4%
Term Structure	-0.3%	-1.5%	1.4%	-0.1%	0.0%
VWIV	18.6%	14.9%	22.2%	19.0%	22.2%
Skew 25d	4.1%	-0.5%	8.1%	2.7%	-0.5%
Skew 10d	4.9%	-1.6%	11.3%	5.1%	-1.6%
Call IV 25d	17.2%	14.7%	19.7%	19.0%	15.8%
Put IV 25d	21.3%	15.3%	25.4%	21.7%	15.3%
Bid-Ask Spread %	100.39	91.42	113.97	109.95	110.09
Gamma HHI	0.17	0.10	0.26	0.20	0.23
Net GEX	104.8K	64.3K	202.1K	100.9K	202.1K
Net DEX	-2.3M	-3.6M	-1.9M	-2.1M	-3.6M
Net VEX	-3.7K	-4.3K	-3.3K	-3.8K	-4.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.06	0.00	0.50	0.00	0.00
Total Volume	10.421	0	69	3	2
Total OI	209.474	188	277	188	277

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
2025-11-03	$185.39	$186.00	20.4%	5.8%	16.1%	15.1%	0.0%	2.7%	-0.1%	100.9K	-2.1M	-3.8K	0.00	109.95	N/A	N/A	3	0	174	14
2025-11-04	$183.14	$186.00	20.8%	6.0%	16.6%	15.9%	0.0%	5.1%	-0.8%	98.2K	-2.0M	-3.6K	0.00	110.30	N/A	N/A	9	0	177	14
2025-11-05	$184.55	$186.00	20.0%	5.7%	16.8%	14.3%	0.0%	5.9%	-1.0%	98.0K	-2.2M	-4.0K	0.00	110.52	N/A	N/A	0	0	183	14
2025-11-06	$183.00	$200.00	20.1%	5.8%	17.1%	14.5%	0.0%	4.1%	-1.1%	100.5K	-2.1M	-3.8K	0.00	92.67	N/A	N/A	0	3	181	14
2025-11-07	$182.00	$200.00	19.7%	5.8%	15.7%	13.8%	19.0%	5.5%	-0.4%	90.9K	-1.9M	-3.8K	0.00	91.42	N/A	N/A	9	0	181	14
2025-11-10	$185.50	$200.00	20.0%	5.4%	16.5%	14.3%	0.0%	3.1%	0.2%	111.6K	-2.2M	-3.5K	0.00	96.24	N/A	N/A	3	0	181	14
2025-11-11	$186.18	$200.00	18.2%	5.5%	16.5%	10.9%	0.0%	3.5%	-1.0%	107.7K	-2.2M	-3.5K	0.00	100.14	N/A	N/A	0	1	180	14
2025-11-12	$184.68	$200.00	18.8%	5.4%	16.1%	12.0%	0.0%	2.6%	0.6%	111.9K	-2.2M	-3.3K	0.00	97.25	N/A	N/A	0	0	180	13
2025-11-13	$181.56	$200.00	20.0%	5.7%	16.9%	14.3%	0.0%	4.3%	0.4%	86.7K	-1.9M	-3.3K	0.00	95.46	N/A	N/A	18	0	180	13
2025-11-14	$180.38	$200.00	21.4%	6.1%	16.9%	17.0%	0.0%	5.7%	-0.5%	78.1K	-2.0M	-3.6K	0.50	96.15	N/A	N/A	2	1	191	13
2025-11-17	$180.25	$200.00	20.9%	6.0%	16.0%	16.1%	0.0%	3.6%	-0.9%	70.3K	-2.0M	-3.5K	0.00	98.40	N/A	N/A	0	0	192	13
2025-11-18	$181.51	$200.00	20.8%	6.0%	16.4%	15.9%	0.0%	8.1%	-1.2%	70.8K	-2.1M	-3.5K	0.00	95.19	N/A	N/A	0	0	192	13
2025-11-19	$181.17	$200.00	21.3%	6.1%	16.0%	16.8%	0.0%	4.2%	-0.0%	73.4K	-2.1M	-3.4K	0.00	92.66	N/A	N/A	0	0	192	13
2025-11-20	$178.66	$200.00	23.2%	6.6%	16.6%	20.5%	0.0%	3.6%	-1.5%	64.3K	-2.0M	-3.6K	0.00	96.79	N/A	N/A	0	0	192	13
2025-11-21	$182.31	$200.00	22.3%	6.4%	18.1%	18.7%	14.9%	2.2%	-1.0%	64.6K	-2.1M	-3.4K	0.00	95.97	N/A	N/A	40	0	192	13
2025-11-24	$186.39	$190.00	19.3%	5.5%	18.8%	13.0%	19.0%	5.5%	0.1%	97.4K	-2.4M	-3.3K	0.13	102.59	N/A	N/A	61	8	184	12
2025-11-25	$189.16	$177.00	17.8%	5.1%	19.6%	10.0%	17.7%	5.0%	1.4%	178.1K	-3.2M	-4.3K	0.00	101.56	N/A	N/A	9	0	244	20
2025-11-26	$189.56	$177.00	17.4%	5.0%	19.6%	9.3%	22.2%	4.0%	1.3%	186.4K	-3.4M	-4.3K	0.00	113.97	N/A	N/A	29	0	253	20
2025-11-28	$190.72	$177.00	17.4%	5.0%	18.3%	9.3%	0.0%	-0.5%	0.0%	202.1K	-3.6M	-4.0K	0.00	110.09	N/A	N/A	2	0	257	20