VYM Options History — December 2025

In December 2025, VYM traded between $143.30 and $147.69. ATM implied volatility averaged 10.8%, placing in the 6.0% IV rank vs the trailing year. The 30-day expected move averaged 2.9%. IV traded below realized volatility by 1.0% (HV 20d: 11.8%). Max pain ranged from $125.00 to $141.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.20.

Notable Days

  • 2025-12-23: Highest Volume — 9,732 contracts
  • 2025-12-31: Largest IV spike — 44.9% change
  • 2025-12-01: Highest IV Rank — 20.8%
  • 2025-12-01: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$144.89$143.30$147.69$144.20$143.84
Max Pain$132.86$125.00$141.00$140.00$140.00
ATM IV10.8%6.5%18.0%18.0%11.5%
Expected Move2.9%1.9%5.2%5.2%3.3%
HV 20d11.8%9.9%12.7%12.4%10.1%
HV 60d10.7%10.1%11.0%10.2%11.0%
IV Rank6.0%0.0%20.8%20.8%11.4%
IV Percentile24.4%0.0%90.5%90.5%30.2%
Term Structure0.9%-8.5%3.5%-8.5%-1.0%
VWIV10.4%8.5%13.1%13.1%10.3%
Skew 25d3.6%-0.4%6.8%5.1%3.7%
Skew 10d5.0%-2.1%10.7%-0.4%3.9%
Call IV 25d8.0%5.4%12.4%11.9%8.2%
Put IV 25d11.7%7.3%17.0%17.0%11.9%
Bid-Ask Spread %99.8295.77111.67111.6799.87
Gamma HHI0.480.130.850.500.38
Net GEX21.8M5.4M67.6M18.7M14.7M
Net DEX-127.1M-209.7M-73.7M-148.6M-99.0M
Net VEX-321.1K-375.5K-260.7K-367.1K-361.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.000.710.290.21
Total Volume702.136459,73234375
Total OI21,691.54511,52923,81723,10621,504

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$144.20$140.0018.0%5.2%12.4%20.8%13.1%5.1%-8.5%18.7M-148.6M-367.1K0.29111.67N/AN/A2667721,0932,013
2025-12-02$143.80$140.0012.7%3.6%11.9%7.8%12.2%2.8%-0.3%20.0M-126.6M-336.3K0.3397.00N/AN/A1725620,9332,058
2025-12-03$145.16$141.0014.8%4.2%12.1%12.9%12.6%4.5%-4.8%24.8M-140.6M-336.5K0.43106.50N/AN/A682920,8922,084
2025-12-04$144.80$125.0012.8%2.9%12.1%8.2%10.9%5.3%2.5%25.7M-141.9M-347.7K0.0398.48N/AN/A181620,9062,097
2025-12-05$145.36$125.0013.4%2.9%11.9%9.7%11.6%4.4%1.7%27.7M-151.6M-346.5K0.7199.41N/AN/A423020,9012,103
2025-12-08$144.74$125.0014.5%2.9%12.1%12.3%9.8%2.9%1.9%23.9M-142.5M-329.1K0.07101.71N/AN/A123920,8982,124
2025-12-09$144.81$125.0015.6%3.0%11.9%14.9%12.8%2.5%1.7%23.9M-146.1M-327.0K0.4198.66N/AN/A1335520,9132,130
2025-12-10$147.00$125.0010.4%3.0%12.7%2.5%10.0%-0.4%0.7%40.8M-179.0M-305.0K0.0699.17N/AN/A4462820,9382,146
2025-12-11$147.69$126.009.0%2.6%12.6%0.0%10.0%3.1%3.2%67.6M-209.7M-297.6K0.0695.77N/AN/A4572620,9722,147
2025-12-12$145.84$126.009.0%2.6%12.7%0.1%11.6%6.5%3.5%36.2M-152.6M-309.5K0.0998.24N/AN/A4123621,1772,148
2025-12-15$145.91$126.009.7%2.8%12.6%1.8%10.7%3.8%1.8%30.5M-164.8M-299.2K0.0297.59N/AN/A1,1812821,3182,167
2025-12-16$144.63$126.009.8%2.8%12.3%2.0%10.7%0.5%0.6%23.2M-127.7M-288.8K0.25100.17N/AN/A1533921,5512,192
2025-12-17$144.12$126.008.9%2.6%12.4%0.0%9.8%3.0%2.2%9.8M-109.3M-268.2K0.0698.60N/AN/A4222621,5112,211
2025-12-18$144.13$127.007.5%2.1%12.4%0.0%9.6%2.3%2.5%13.6M-113.0M-267.0K0.2996.84N/AN/A1865421,5852,232
2025-12-19$143.30$140.0010.0%2.9%12.3%5.9%9.0%1.9%0.6%5.4M-73.7M-263.8K0.4198.22N/AN/A1877719,2112,265
2025-12-22$144.22$140.008.5%2.4%11.8%2.3%8.8%4.8%1.7%5.7M-76.9M-267.0K0.1297.32N/AN/A206249,5022,027
2025-12-23$144.38$140.006.5%1.9%11.6%0.0%8.8%6.0%2.4%5.7M-81.1M-260.7K0.00100.60N/AN/A9,694389,6082,041
2025-12-24$145.16$140.008.8%2.5%10.9%5.3%8.9%3.9%1.8%14.4M-99.0M-367.0K0.0499.46N/AN/A92419,2502,076
2025-12-26$145.00$140.009.1%2.6%10.3%6.0%9.6%6.8%1.2%16.0M-104.1M-370.3K0.27100.84N/AN/A561519,2932,078
2025-12-29$144.75$140.008.2%2.3%10.2%3.9%9.3%3.5%2.1%15.7M-103.7M-372.3K0.1698.95N/AN/A1672619,3282,091
2025-12-30$144.72$140.008.0%2.3%9.9%3.3%8.5%3.5%2.0%15.9M-105.0M-375.5K0.07101.07N/AN/A42319,3942,106
2025-12-31$143.84$140.0011.5%3.3%10.1%11.4%10.3%3.7%-1.0%14.7M-99.0M-361.7K0.2199.87N/AN/A621319,3982,106