VYM Options History — November 2025

In November 2025, VYM traded between $138.68 and $145.19. ATM implied volatility averaged 13.5%, placing in the 10.7% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 3.1% (HV 20d: 10.4%). Max pain ranged from $139.00 to $141.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.20.

Notable Days

  • 2025-11-24: Highest Volume — 2,366 contracts
  • 2025-11-12: Largest IV drop — 28.9% change
  • 2025-11-05: Highest IV Rank — 19.6%
  • 2025-11-05: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$141.05$138.68$145.19$139.68$145.19
Max Pain$140.05$139.00$141.00$140.00$140.00
ATM IV13.5%10.8%16.7%13.6%12.8%
Expected Move3.8%3.1%4.8%3.9%3.7%
HV 20d10.4%8.8%12.1%11.2%12.0%
HV 60d9.4%9.0%10.2%9.1%10.1%
IV Rank10.7%4.6%19.6%12.3%8.2%
IV Percentile60.4%16.3%84.5%63.9%54.0%
Term Structure-0.6%-5.4%2.2%0.7%-0.3%
VWIV13.1%11.1%16.2%12.5%11.1%
Skew 25d3.7%-2.4%7.9%3.1%4.3%
Skew 10d6.0%-2.4%13.3%0.1%9.9%
Call IV 25d10.8%7.0%12.9%11.8%7.0%
Put IV 25d14.5%9.0%19.1%15.0%11.3%
Bid-Ask Spread %97.8179.16112.3197.7898.08
Gamma HHI0.360.220.590.330.59
Net GEX13.3M9.0M24.8M11.0M24.8M
Net DEX-96.0M-147.8M-73.9M-85.7M-147.8M
Net VEX-331.1K-387.1K-274.9K-346.4K-387.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.010.580.580.16
Total Volume404.737642,36615064
Total OI22,240.05321,70723,08621,70723,086

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$139.68$140.0013.6%3.9%11.2%12.3%12.5%3.1%0.7%11.0M-85.7M-346.4K0.5897.78N/AN/A955519,6782,029
2025-11-04$139.28$140.0014.1%4.1%11.3%13.5%13.7%3.0%-1.6%10.7M-84.7M-353.0K0.01100.35N/AN/A78119,7022,083
2025-11-05$140.30$140.0016.7%4.8%11.6%19.6%12.7%3.4%2.2%11.4M-87.2M-336.7K0.01103.47N/AN/A76119,7372,084
2025-11-06$139.74$140.0013.0%4.0%11.5%10.9%16.0%-0.1%-0.8%10.8M-89.4M-351.6K0.16103.43N/AN/A57919,7462,085
2025-11-07$139.97$140.0013.0%4.0%9.4%10.9%12.5%4.3%-0.8%9.6M-76.7M-297.8K0.12101.96N/AN/A58719,7622,091
2025-11-10$141.05$140.0013.7%3.8%8.8%12.5%12.7%6.7%-1.9%12.5M-94.8M-331.8K0.02112.31N/AN/A1,0751819,7542,094
2025-11-11$142.16$140.0015.2%3.5%9.0%16.1%11.3%-2.4%-2.1%15.2M-102.4M-345.8K0.22108.41N/AN/A551220,0012,103
2025-11-12$143.00$140.0010.8%3.1%9.1%4.6%12.1%1.1%1.0%17.8M-114.2M-355.1K0.41100.00N/AN/A2088520,0172,111
2025-11-13$141.25$141.0012.5%3.6%9.3%8.6%11.1%4.3%0.1%15.1M-102.4M-338.2K0.24102.33N/AN/A1212920,1332,115
2025-11-14$141.09$141.0011.8%3.4%9.2%6.9%13.9%4.3%0.4%13.5M-97.6M-332.0K0.2695.00N/AN/A882320,1252,130
2025-11-17$139.43$141.0013.0%3.7%9.7%8.5%14.9%7.3%0.3%10.9M-84.0M-309.6K0.5593.51N/AN/A1216720,1202,146
2025-11-18$139.69$141.0015.2%4.4%9.7%14.0%13.6%5.9%-1.6%9.3M-75.6M-290.3K0.3879.16N/AN/A652520,1672,183
2025-11-19$139.72$140.0014.3%4.1%9.7%11.9%16.2%6.7%-1.5%9.3M-73.9M-294.2K0.2683.80N/AN/A661720,1852,200
2025-11-20$138.68$139.0013.5%3.9%9.9%9.7%12.5%2.5%1.6%9.5M-77.8M-298.0K0.01100.86N/AN/A499520,2192,214
2025-11-21$140.28$139.0013.2%3.8%10.6%9.0%14.7%7.9%1.3%9.0M-78.4M-274.9K0.0496.46N/AN/A1,5496320,4302,201
2025-11-24$141.45$139.0013.8%4.0%11.0%10.7%13.3%4.1%-5.4%12.5M-93.1M-322.5K0.0595.30N/AN/A2,25111520,2011,855
2025-11-25$143.22$140.0013.1%3.7%11.8%8.7%11.3%0.8%-1.1%16.8M-119.4M-349.6K0.2292.13N/AN/A2976520,8501,937
2025-11-26$144.72$140.0012.2%3.5%12.1%6.6%12.1%3.6%-1.3%23.3M-139.0M-375.7K0.1194.11N/AN/A2432720,9961,991
2025-11-28$145.19$140.0012.8%3.7%12.0%8.2%11.1%4.3%-0.3%24.8M-147.8M-387.1K0.1698.08N/AN/A55921,0762,010