VYM Options History — July 2025

In July 2025, VYM traded between $133.68 and $136.66. ATM implied volatility averaged 11.3%, placing in the 6.8% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 1.3% (HV 20d: 10.0%). Max pain ranged from $129.00 to $134.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.41.

Notable Days

  • 2025-07-18: Highest Volume — 770 contracts
  • 2025-07-07: Largest IV spike — 27.3% change
  • 2025-07-07: Highest IV Rank — 9.6%
  • 2025-07-07: Largest Expected Move — 3.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$135.18$133.68$136.66$134.75$134.38
Max Pain$131.36$129.00$134.00$129.00$134.00
ATM IV11.3%9.8%12.5%10.6%11.3%
Expected Move3.3%2.9%3.7%3.0%3.2%
HV 20d10.0%8.4%11.0%10.1%8.7%
HV 60d14.1%10.5%25.5%25.5%10.6%
IV Rank6.8%3.3%9.6%5.2%6.7%
IV Percentile21.9%4.0%42.5%13.5%19.0%
Term Structure0.8%-0.1%1.8%1.7%0.6%
VWIV11.4%9.0%13.9%11.6%10.3%
Skew 25d3.2%1.1%7.6%2.1%3.0%
Skew 10d5.2%-0.5%10.7%8.1%1.9%
Call IV 25d9.9%6.2%11.6%10.1%9.9%
Put IV 25d13.1%10.6%15.6%12.2%12.9%
Bid-Ask Spread %91.4380.47106.1790.7397.52
Gamma HHI0.460.360.610.360.55
Net GEX26.1M21.5M32.6M21.5M25.8M
Net DEX-127.3M-156.5M-88.8M-132.4M-88.8M
Net VEX-456.4K-523.9K-379.5K-517.6K-379.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.021.520.220.12
Total Volume251.8643777045091
Total OI24,590.90922,32626,01325,31923,298

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$134.75$129.0010.6%3.0%10.1%5.2%11.6%2.1%1.7%21.5M-132.4M-517.6K0.2290.73N/AN/A3708022,0313,288
2025-07-02$134.97$129.0010.6%3.0%9.7%5.3%12.4%2.1%1.0%23.2M-136.4M-523.9K0.8982.37N/AN/A14112622,2623,306
2025-07-03$135.89$130.009.8%3.4%9.8%3.3%12.0%7.6%0.4%23.4M-156.5M-518.4K0.4899.45N/AN/A733522,2473,328
2025-07-07$134.50$130.0012.4%3.7%10.6%9.6%13.7%3.0%0.2%22.1M-128.1M-498.6K1.5287.46N/AN/A639622,2683,348
2025-07-08$134.78$130.0011.3%3.4%10.5%6.9%13.9%3.7%1.3%23.7M-133.7M-494.2K0.1590.23N/AN/A1091622,2673,386
2025-07-09$134.91$130.0011.9%3.4%10.5%8.1%9.0%2.9%1.0%25.0M-131.3M-483.4K0.0293.18N/AN/A60122,2593,397
2025-07-10$135.80$130.0011.4%3.3%10.7%7.1%11.5%7.2%1.2%25.7M-151.6M-488.6K0.5090.46N/AN/A442222,2783,398
2025-07-11$135.07$130.0012.5%3.6%11.0%9.6%11.9%3.3%-0.1%27.2M-135.7M-474.6K0.4688.83N/AN/A743422,2823,395
2025-07-14$134.94$130.0012.2%3.5%11.0%9.0%12.0%1.7%1.4%26.2M-131.7M-465.0K0.1680.47N/AN/A1292122,3013,417
2025-07-15$133.68$130.0012.1%3.5%10.9%8.6%12.6%3.5%1.8%23.7M-107.7M-441.0K1.0089.96N/AN/A17717722,3523,409
2025-07-16$134.09$132.0012.3%3.5%10.8%9.1%12.8%4.3%0.4%23.7M-109.5M-436.0K0.2587.43N/AN/A1573922,3923,466
2025-07-17$134.91$132.0011.9%3.4%10.4%8.3%11.9%3.1%1.2%27.5M-127.5M-450.2K0.1585.15N/AN/A4476822,3863,500
2025-07-18$134.62$132.0011.7%3.4%10.5%7.7%11.0%2.8%0.6%25.6M-122.1M-438.6K0.1188.49N/AN/A6927822,5183,495
2025-07-21$134.65$132.0011.6%3.3%10.0%7.5%11.1%2.6%0.2%23.9M-108.0M-428.8K0.3788.72N/AN/A33412319,9492,377
2025-07-22$135.59$132.0011.4%3.3%10.0%7.0%10.5%2.9%0.3%24.5M-116.9M-437.0K0.0288.09N/AN/A401720,2462,449
2025-07-23$136.38$132.0011.2%3.2%9.5%6.5%10.4%2.3%0.3%27.4M-135.9M-441.5K0.4092.69N/AN/A853420,4772,455
2025-07-24$136.07$132.0010.5%3.0%9.2%5.0%9.9%2.6%1.2%29.7M-137.2M-443.4K0.2194.50N/AN/A821720,5412,497
2025-07-25$136.66$133.0010.1%2.9%9.0%3.9%10.5%1.9%0.4%30.0M-139.7M-436.4K1.4794.67N/AN/A11316620,5862,493
2025-07-28$136.03$133.0010.3%2.9%9.3%4.4%11.1%2.3%1.4%30.9M-129.6M-416.2K0.0795.56N/AN/A6084120,5762,516
2025-07-29$136.07$134.0010.6%3.0%9.1%5.2%10.4%4.3%0.4%32.6M-129.9M-426.2K0.1899.36N/AN/A621120,7402,538
2025-07-30$135.29$134.0011.0%3.2%8.4%6.1%10.7%1.1%1.6%30.6M-110.7M-401.5K0.19106.17N/AN/A31620,7452,541
2025-07-31$134.38$134.0011.3%3.2%8.7%6.7%10.3%3.0%0.6%25.8M-88.8M-379.5K0.1297.52N/AN/A811020,7522,546