VYM Options History — April 2025

In April 2025, VYM traded between $113.50 and $129.39. ATM implied volatility averaged 24.5%, placing in the 48.6% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 12.7% (HV 20d: 37.2%). Max pain ranged from $118.00 to $130.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.57.

Notable Days

  • 2025-04-23: Highest Volume — 9,698 contracts
  • 2025-04-04: Largest IV spike — 68.0% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$121.75$113.50$129.39$128.62$123.70
Max Pain$122.76$118.00$130.00$130.00$120.00
ATM IV24.5%16.5%50.8%16.5%18.5%
Expected Move6.4%4.2%9.7%4.2%5.3%
HV 20d37.2%16.0%44.4%16.0%44.0%
HV 60d23.2%12.2%27.1%12.2%27.1%
IV Rank48.6%26.7%100.0%53.9%28.5%
IV Percentile94.8%87.3%100.0%89.3%89.7%
Term Structure-2.2%-8.9%1.0%-1.9%-1.2%
VWIV21.1%13.7%32.7%13.7%17.5%
Skew 25d7.3%0.8%12.9%4.5%6.9%
Skew 10d12.6%-4.0%21.3%8.9%15.9%
Call IV 25d18.0%10.6%25.4%14.3%16.3%
Put IV 25d25.3%16.4%35.8%18.8%23.2%
Bid-Ask Spread %71.6147.0987.2647.0986.33
Gamma HHI0.190.090.480.100.44
Net GEX3.8M981.4K9.5M5.0M8.4M
Net DEX-23.2M-52.4M3.3M-40.4M-51.5M
Net VEX-339.5K-449.7K-240.5K-395.4K-449.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.011.630.880.14
Total Volume775.952749,698135145
Total OI23,552.76214,04625,85225,16924,359

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$128.62$130.0016.5%4.2%16.0%53.9%13.7%4.5%-1.9%5.0M-40.4M-395.4K0.8847.09N/AN/A726321,9773,192
2025-04-02$129.39$129.0017.0%4.2%16.2%56.0%14.2%4.8%-0.6%6.1M-45.5M-409.6K0.5153.79N/AN/A1165922,0273,227
2025-04-03$124.31$129.0021.8%5.4%21.3%79.8%18.1%5.4%-0.7%2.9M-20.2M-340.2K0.6555.67N/AN/A46730422,1263,268
2025-04-04$118.16$129.0036.6%8.2%26.7%100.0%25.0%11.5%-8.3%1.5M-3.4M-268.8K1.6369.02N/AN/A38763121,9193,333
2025-04-07$115.84$128.0047.1%9.0%27.1%100.0%25.3%8.9%-6.4%1.3M976.0K-253.0K0.4570.69N/AN/A68930721,9153,594
2025-04-08$113.50$125.0050.8%9.7%27.6%100.0%28.2%10.4%-6.1%981.4K3.3M-240.5K0.9173.38N/AN/A15313921,6923,618
2025-04-09$122.31$125.0019.2%5.5%39.8%30.0%18.5%9.2%-1.5%1.9M-12.8M-306.5K0.8087.26N/AN/A13510821,7213,666
2025-04-10$117.96$125.0030.7%8.8%41.6%55.4%27.7%11.7%-8.9%1.6M-5.6M-286.0K0.9870.49N/AN/A888621,7583,679
2025-04-11$121.23$125.0026.6%7.6%42.6%46.4%32.7%12.6%-2.8%2.4M-14.7M-325.1K0.1166.45N/AN/A4445121,8023,676
2025-04-14$122.75$118.0020.9%6.0%42.4%33.8%21.0%9.1%-0.5%2.0M-18.1M-321.5K0.6368.54N/AN/A18611821,9973,684
2025-04-15$121.98$119.0020.7%5.9%42.4%33.2%20.2%12.9%-1.7%1.9M-16.3M-309.0K0.7974.18N/AN/A433422,1013,751
2025-04-16$120.09$119.0023.7%6.8%42.3%40.0%24.5%7.1%-3.1%1.5M-10.4M-286.2K1.2571.19N/AN/A556922,1033,733
2025-04-17$121.17$119.0021.4%6.1%42.6%34.9%18.8%4.9%-0.3%1.7M-14.5M-293.8K0.2970.47N/AN/A3038722,0953,617
2025-04-21$118.27$119.0025.1%7.2%43.1%43.1%24.1%4.0%-2.1%1.6M-8.5M-258.8K0.4172.75N/AN/A1777211,0502,996
2025-04-22$121.14$119.0022.8%6.5%43.9%37.9%20.5%6.1%0.4%2.1M-16.9M-298.1K0.2875.20N/AN/A2988211,1653,021
2025-04-23$121.68$120.0021.2%6.1%44.0%34.4%20.0%6.4%-0.9%2.4M-21.4M-316.3K0.0179.02N/AN/A9,6336511,3683,076
2025-04-24$123.41$120.0019.5%5.6%44.4%30.6%18.5%4.9%-0.3%7.9M-44.5M-436.8K0.2471.68N/AN/A1263020,9313,088
2025-04-25$123.12$120.0017.7%5.1%44.4%26.7%17.5%0.8%0.3%8.1M-45.1M-438.1K0.2077.82N/AN/A861720,9603,090
2025-04-28$123.72$120.0018.2%5.2%44.2%27.8%17.8%5.1%1.0%8.4M-49.5M-449.7K0.5481.33N/AN/A482621,0043,088
2025-04-29$124.31$120.0018.7%5.4%44.0%28.9%18.5%5.7%-0.2%9.5M-52.4M-446.3K0.3081.48N/AN/A2286821,0323,109
2025-04-30$123.70$120.0018.5%5.3%44.0%28.5%17.5%6.9%-1.2%8.4M-51.5M-449.1K0.1486.33N/AN/A1271821,2363,123