VYM Options History — March 2025

In March 2025, VYM traded between $126.32 and $132.14. ATM implied volatility averaged 16.5%, placing in the 53.6% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 3.6% (HV 20d: 12.8%). Max pain ranged from $120.00 to $131.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2025-03-21: Highest Volume — 2,676 contracts
  • 2025-03-10: Largest IV spike — 28.2% change
  • 2025-03-10: Highest IV Rank — 95.6%
  • 2025-03-11: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$129.33$126.32$132.14$132.14$129.20
Max Pain$129.15$120.00$131.00$131.00$130.00
ATM IV16.5%12.9%25.0%16.1%16.3%
Expected Move4.9%3.6%7.2%4.6%4.2%
HV 20d12.8%8.8%16.4%8.8%16.4%
HV 60d11.5%10.5%12.3%10.5%12.2%
IV Rank53.6%36.0%95.6%51.6%52.7%
IV Percentile85.3%64.3%99.6%91.7%88.9%
Term Structure-1.2%-4.0%0.3%-1.9%-1.7%
VWIV16.0%11.8%23.6%17.9%12.5%
Skew 25d4.3%2.3%7.1%4.6%4.0%
Skew 10d5.8%-2.2%12.2%3.7%9.7%
Call IV 25d13.6%11.6%16.5%15.6%14.0%
Put IV 25d17.8%14.1%22.3%20.2%18.0%
Bid-Ask Spread %73.1844.70103.5780.9549.46
Gamma HHI0.220.100.430.430.10
Net GEX4.7M2.1M8.1M8.1M5.4M
Net DEX-34.7M-50.0M-17.1M-50.0M-43.9M
Net VEX-337.1K-403.8K-276.8K-367.2K-403.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.054.890.440.06
Total Volume577.857822,676270769
Total OI21,286.95219,14924,72219,14924,722

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$132.14$131.0016.1%4.6%8.8%51.6%17.9%4.6%-1.9%8.1M-50.0M-367.2K0.4480.95N/AN/A1878317,2631,886
2025-03-04$130.77$131.0018.5%5.3%9.5%63.7%17.3%3.5%-4.0%6.5M-41.5M-343.1K4.4387.99N/AN/A3716417,4111,949
2025-03-05$130.81$131.0018.0%5.2%9.5%61.1%17.0%4.9%-0.7%6.1M-38.8M-341.0K0.0881.07N/AN/A2702217,4112,086
2025-03-06$129.56$131.0020.8%6.0%9.3%75.1%15.5%5.5%-0.9%4.7M-31.7M-315.3K0.0582.28N/AN/A6093217,3642,109
2025-03-07$131.12$131.0019.5%5.6%10.4%68.4%16.4%5.5%-0.7%6.2M-39.0M-336.6K0.0981.98N/AN/A9147917,4122,129
2025-03-10$129.41$130.0025.0%7.2%11.2%95.6%21.6%4.4%-2.7%5.6M-37.3M-336.3K2.0383.19N/AN/A12124617,9842,182
2025-03-11$128.46$130.0018.4%7.2%11.2%63.1%23.6%7.1%-2.2%4.1M-28.5M-314.6K0.1483.47N/AN/A3645218,0432,415
2025-03-12$127.45$130.0017.5%6.3%11.0%58.8%20.2%6.5%-1.5%2.6M-21.4M-290.6K0.1489.83N/AN/A1492118,1692,440
2025-03-13$126.32$130.0018.0%6.9%11.2%61.3%21.5%4.3%-2.1%2.1M-17.1M-276.8K0.3484.33N/AN/A2548618,1982,438
2025-03-14$128.12$130.0015.4%5.8%12.3%48.5%20.5%6.2%-0.8%3.7M-26.3M-308.7K0.7888.20N/AN/A463618,2642,473
2025-03-17$130.13$127.0014.8%4.1%13.8%45.4%12.3%5.1%0.3%4.0M-31.3M-296.9K0.0763.26N/AN/A1771318,2742,467
2025-03-18$129.14$127.0014.8%4.4%13.7%45.1%15.8%4.3%-0.0%3.2M-27.6M-296.0K0.3260.32N/AN/A973118,3072,473
2025-03-19$130.50$127.0013.7%4.0%14.3%39.9%14.6%2.4%0.1%4.3M-32.4M-295.8K0.4559.24N/AN/A753418,3102,488
2025-03-20$129.86$0.0013.9%3.8%14.3%40.8%11.8%2.9%-0.5%3.5M-30.0M-286.2K0.10103.57N/AN/A1,51315218,3312,503
2025-03-21$128.19$120.0014.2%4.0%14.7%42.4%13.5%3.4%0.0%2.4M-27.6M-318.3K0.0553.03N/AN/A2,55711919,6482,455
2025-03-24$129.76$129.0012.9%3.6%15.5%36.0%12.1%3.2%-0.9%5.0M-43.8M-399.6K0.4966.17N/AN/A39119220,4972,213
2025-03-25$129.13$129.0013.1%3.6%15.6%36.8%12.6%2.3%-0.8%5.2M-42.1M-385.9K0.3570.93N/AN/A2559020,7952,291
2025-03-26$129.25$129.0013.9%3.8%15.6%41.1%11.8%2.4%-0.6%5.2M-43.8M-394.3K0.2762.02N/AN/A48212920,9832,354
2025-03-27$129.15$130.0014.0%3.8%15.5%41.4%13.3%3.7%-1.1%5.3M-41.9M-395.1K4.8960.86N/AN/A15776821,3652,366
2025-03-28$127.47$130.0017.2%4.4%15.7%56.9%13.6%3.5%-1.9%4.8M-33.2M-376.9K0.7444.70N/AN/A20815421,4533,105
2025-03-31$129.20$130.0016.3%4.2%16.4%52.7%12.5%4.0%-1.7%5.4M-43.9M-403.8K0.0649.46N/AN/A7234621,5393,183