VOX Options History — December 2025

In December 2025, VOX traded between $189.78 and $194.86. ATM implied volatility averaged 15.2%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 0.7% (HV 20d: 14.5%). Max pain ranged from $150.00 to $177.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.03.

Notable Days

  • 2025-12-30: Highest Volume — 30 contracts
  • 2025-12-26: Largest IV drop — 11.1% change
  • 2025-12-01: Highest IV Rank — 10.4%
  • 2025-12-01: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$192.66$189.78$194.86$190.20$193.76
Max Pain$153.68$150.00$177.00$177.00$150.00
ATM IV15.2%12.1%17.9%17.9%12.6%
Expected Move4.3%3.5%5.1%5.1%3.6%
HV 20d14.5%9.9%18.3%18.3%10.2%
HV 60d14.9%14.7%15.1%15.0%15.0%
IV Rank4.8%0.0%10.4%10.4%0.8%
IV Percentile21.7%0.0%58.7%58.7%0.8%
Term Structure2.1%-0.3%4.0%-0.3%2.0%
VWIV14.7%12.1%19.6%13.3%12.1%
Skew 25d2.8%-0.3%6.0%3.7%1.4%
Skew 10d4.4%-1.1%8.5%5.1%4.8%
Call IV 25d14.0%12.5%16.6%16.6%12.8%
Put IV 25d16.7%13.4%20.3%20.3%14.2%
Bid-Ask Spread %111.40104.81118.95114.83115.58
Gamma HHI0.220.110.390.220.12
Net GEX163.8K86.1K224.9K205.2K137.0K
Net DEX-3.4M-3.8M-2.9M-3.5M-3.4M
Net VEX-3.2K-4.1K-2.9K-4.1K-4.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.250.000.00
Total Volume6.40903060
Total OI257.182225285279267

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$190.20$177.0017.9%5.1%18.3%10.4%0.0%3.7%-0.3%205.2K-3.5M-4.1K0.00114.83N/AN/A6025920
2025-12-02$190.90$177.0017.0%4.9%18.1%8.6%13.3%5.5%-0.3%216.1K-3.7M-4.0K0.00116.97N/AN/A2026320
2025-12-03$191.14$177.0016.7%4.8%17.4%8.0%14.8%6.0%0.0%224.9K-3.7M-3.9K0.00118.95N/AN/A25026520
2025-12-04$192.16$150.0015.9%4.6%17.3%6.5%0.0%3.1%2.3%185.0K-3.5M-3.5K0.00104.81N/AN/A2024120
2025-12-05$194.51$150.0016.6%4.6%17.2%7.8%0.0%3.4%2.4%166.1K-3.8M-3.1K0.00105.68N/AN/A5024120
2025-12-08$192.76$150.0017.3%4.7%17.4%8.5%14.7%3.3%2.9%165.8K-3.6M-3.1K0.00105.43N/AN/A0223820
2025-12-09$193.13$150.0016.4%4.7%16.4%6.7%0.0%2.2%2.2%206.0K-3.6M-3.0K0.00107.59N/AN/A3023822
2025-12-10$194.05$150.0015.4%4.4%16.4%4.7%19.6%2.5%3.2%172.2K-3.8M-2.9K0.00108.16N/AN/A0824122
2025-12-11$193.17$150.0015.9%4.6%16.1%5.8%0.0%2.3%2.7%171.4K-3.7M-3.0K0.00110.16N/AN/A1024130
2025-12-12$191.85$150.0016.2%4.7%14.9%6.4%0.0%1.7%2.4%177.0K-3.5M-3.2K0.00107.86N/AN/A0024230
2025-12-15$191.54$150.0016.6%4.7%14.6%7.0%0.0%2.7%1.9%202.4K-3.5M-2.9K0.25109.60N/AN/A4124230
2025-12-16$192.45$150.0016.0%4.6%14.5%5.9%0.0%2.4%2.3%188.5K-3.7M-3.0K0.00109.80N/AN/A0024531
2025-12-17$189.78$150.0015.6%4.5%15.7%5.1%0.0%3.4%2.6%175.9K-2.9M-2.9K0.00109.50N/AN/A10021231
2025-12-18$191.56$150.0015.9%4.6%15.8%5.8%0.0%2.9%0.8%177.9K-3.2M-3.2K0.00109.73N/AN/A0022231
2025-12-19$191.70$150.0014.8%4.2%14.5%3.5%13.8%3.4%1.2%191.7K-3.2M-3.0K0.08109.76N/AN/A26222231
2025-12-22$192.90$150.0013.5%3.9%13.2%1.0%12.1%4.2%2.6%86.1K-3.0M-3.1K0.00112.70N/AN/A11020025
2025-12-23$193.88$150.0013.0%3.7%11.1%0.2%0.0%2.1%2.7%106.6K-3.1M-3.2K0.00114.10N/AN/A0020925
2025-12-24$194.38$150.0013.6%3.9%10.0%1.4%0.0%-0.3%3.0%110.0K-3.1M-3.4K0.00112.07N/AN/A0020925
2025-12-26$193.93$150.0012.1%3.5%10.1%0.0%0.0%2.3%4.0%111.1K-3.1M-3.0K0.00116.22N/AN/A3020925
2025-12-29$193.82$150.0012.4%3.5%9.9%0.5%0.0%0.9%3.5%110.8K-3.1M-3.0K0.00116.03N/AN/A0021225
2025-12-30$194.86$150.0013.0%3.7%10.0%1.6%0.0%1.6%3.1%116.4K-3.2M-2.9K0.00115.29N/AN/A30021225
2025-12-31$193.76$150.0012.6%3.6%10.2%0.8%0.0%1.4%2.0%137.0K-3.4M-4.1K0.00115.58N/AN/A0024225