VYM Options History — October 2025

In October 2025, VYM traded between $137.87 and $142.34. ATM implied volatility averaged 12.4%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 3.0% (HV 20d: 9.4%). Max pain ranged from $136.00 to $141.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.31.

Notable Days

2025-10-23: Highest Volume — 9,709 contracts
2025-10-10: Largest IV spike — 60.4% change
2025-10-10: Highest IV Rank — 22.5%
2025-10-16: Largest Expected Move — 4.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$140.80	$137.87	$142.34	$141.17	$140.91
Max Pain	$139.61	$136.00	$141.00	$136.00	$140.00
ATM IV	12.4%	10.0%	18.0%	10.4%	11.9%
Expected Move	3.6%	2.9%	4.8%	3.0%	3.4%
HV 20d	9.4%	5.8%	11.1%	7.1%	10.9%
HV 60d	8.9%	8.0%	9.5%	8.3%	9.0%
IV Rank	9.5%	3.8%	22.5%	4.7%	8.2%
IV Percentile	39.0%	3.6%	88.5%	8.3%	41.3%
Term Structure	0.5%	-2.4%	2.1%	1.7%	0.6%
VWIV	12.5%	9.7%	16.6%	10.1%	13.1%
Skew 25d	3.9%	1.4%	7.2%	4.0%	2.9%
Skew 10d	6.4%	0.7%	11.9%	0.7%	2.0%
Call IV 25d	11.2%	8.8%	14.6%	9.4%	12.8%
Put IV 25d	15.1%	11.9%	20.2%	13.4%	15.7%
Bid-Ask Spread %	83.23	56.38	100.34	78.76	97.17
Gamma HHI	0.31	0.12	0.52	0.45	0.38
Net GEX	15.3M	3.9M	31.3M	26.6M	12.5M
Net DEX	-107.1M	-150.1M	-69.8M	-136.6M	-98.9M
Net VEX	-314.2K	-393.4K	-233.5K	-365.0K	-390.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.31	0.00	1.28	0.07	0.02
Total Volume	651.435	63	9,709	88	63
Total OI	21,751.13	11,132	25,750	24,722	21,687

Daily Data (23 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
2025-10-01	$141.17	$136.00	10.4%	3.0%	7.1%	4.7%	10.1%	4.0%	1.7%	26.6M	-136.6M	-365.0K	0.07	78.76	N/A	N/A	82	6	21,892	2,830
2025-10-02	$140.89	$136.00	10.4%	3.0%	6.6%	4.6%	10.9%	2.8%	1.3%	26.4M	-133.8M	-351.2K	0.43	77.20	N/A	N/A	149	64	21,892	2,831
2025-10-03	$141.76	$136.00	10.1%	2.9%	6.9%	3.9%	11.4%	3.2%	1.3%	31.3M	-150.1M	-354.4K	0.04	83.94	N/A	N/A	411	15	22,013	2,841
2025-10-06	$141.24	$141.00	11.3%	3.4%	7.0%	6.9%	12.0%	3.2%	0.8%	28.2M	-139.1M	-323.5K	0.14	72.53	N/A	N/A	168	23	22,236	2,846
2025-10-07	$140.95	$141.00	11.4%	3.6%	7.0%	7.0%	13.4%	4.3%	0.0%	25.4M	-128.7M	-317.0K	0.08	57.53	N/A	N/A	572	46	22,369	2,862
2025-10-08	$141.15	$141.00	11.2%	3.4%	6.6%	6.7%	11.4%	3.7%	1.3%	27.0M	-130.1M	-315.0K	0.06	58.05	N/A	N/A	110	7	21,883	2,902
2025-10-09	$140.38	$140.00	11.2%	3.5%	5.8%	6.6%	11.8%	3.9%	1.1%	18.1M	-111.5M	-289.0K	0.62	56.38	N/A	N/A	68	42	21,937	2,907
2025-10-10	$137.87	$140.00	18.0%	4.3%	8.4%	22.5%	15.5%	2.8%	2.0%	11.9M	-86.8M	-287.4K	0.91	83.32	N/A	N/A	282	256	21,945	2,933
2025-10-13	$139.59	$140.00	14.0%	4.1%	9.7%	13.1%	14.6%	6.4%	1.2%	12.5M	-98.3M	-279.2K	0.49	92.90	N/A	N/A	96	47	22,081	3,064
2025-10-14	$140.24	$140.00	15.3%	4.1%	9.9%	16.3%	14.3%	7.2%	1.5%	12.0M	-106.0M	-272.2K	0.14	89.61	N/A	N/A	339	49	22,071	3,089
2025-10-15	$140.88	$140.00	14.8%	4.3%	10.0%	15.1%	14.1%	4.9%	-1.3%	11.8M	-111.5M	-272.4K	0.31	92.99	N/A	N/A	177	54	22,372	3,081
2025-10-16	$139.32	$140.00	16.8%	4.8%	10.7%	19.9%	16.6%	4.1%	-2.3%	12.0M	-97.8M	-266.7K	0.29	88.61	N/A	N/A	198	58	22,451	3,096
2025-10-17	$140.09	$140.00	15.2%	4.4%	10.7%	15.9%	14.8%	7.1%	-0.3%	9.0M	-108.8M	-265.7K	0.46	89.24	N/A	N/A	136	62	22,620	3,130
2025-10-20	$141.23	$140.00	11.3%	3.2%	11.1%	6.8%	12.1%	1.4%	0.6%	3.9M	-69.8M	-259.3K	0.17	77.71	N/A	N/A	392	66	9,231	1,901
2025-10-21	$141.01	$140.00	12.5%	3.6%	11.1%	9.6%	10.8%	4.3%	-2.4%	4.3M	-72.5M	-250.1K	0.38	83.66	N/A	N/A	72	27	9,458	1,933
2025-10-22	$140.66	$140.00	10.8%	3.1%	11.1%	5.7%	12.6%	2.1%	1.8%	4.4M	-73.6M	-233.5K	0.55	86.04	N/A	N/A	47	26	9,508	1,951
2025-10-23	$140.99	$140.00	11.6%	3.3%	11.0%	7.5%	11.5%	5.2%	-1.4%	4.7M	-73.0M	-243.1K	0.00	91.27	N/A	N/A	9,698	11	9,537	1,967
2025-10-24	$141.76	$140.00	10.0%	2.9%	10.8%	3.8%	9.7%	3.7%	2.1%	14.7M	-112.6M	-385.8K	0.26	78.90	N/A	N/A	77	20	19,283	1,968
2025-10-27	$142.34	$140.00	13.7%	3.9%	10.9%	12.6%	11.5%	3.9%	-1.0%	14.4M	-114.3M	-386.3K	1.28	90.68	N/A	N/A	39	50	19,334	1,981
2025-10-28	$141.97	$140.00	10.9%	3.1%	10.9%	6.0%	11.0%	1.8%	1.2%	15.5M	-113.5M	-393.4K	0.25	92.03	N/A	N/A	59	15	19,352	1,998
2025-10-29	$141.11	$140.00	12.8%	3.7%	11.1%	10.3%	12.3%	2.7%	0.5%	13.1M	-98.1M	-349.3K	0.01	100.34	N/A	N/A	703	9	19,371	2,000
2025-10-30	$140.94	$140.00	10.2%	2.9%	11.1%	4.2%	11.4%	3.6%	0.4%	12.9M	-98.6M	-377.9K	0.16	95.54	N/A	N/A	79	13	19,627	2,015
2025-10-31	$140.91	$140.00	11.9%	3.4%	10.9%	8.2%	13.1%	2.9%	0.6%	12.5M	-98.9M	-390.2K	0.02	97.17	N/A	N/A	62	1	19,659	2,028