VYM Options History — January 2026

In January 2026, VYM traded between $144.61 and $149.76. ATM implied volatility averaged 11.5%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 0.9% (HV 20d: 10.6%). Max pain ranged from $140.00 to $146.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.45.

Notable Days

  • 2026-01-07: Highest Volume — 2,886 contracts
  • 2026-01-20: Largest IV spike — 33.5% change
  • 2026-01-20: Highest IV Rank — 21.2%
  • 2026-01-20: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$147.57$144.61$149.76$144.61$149.76
Max Pain$144.55$140.00$146.00$140.00$146.00
ATM IV11.5%9.4%15.9%9.4%13.2%
Expected Move3.3%2.5%4.5%2.7%3.8%
HV 20d10.6%8.8%11.7%9.7%11.0%
HV 60d10.9%10.4%11.2%11.1%10.9%
IV Rank11.3%6.7%21.2%6.7%15.3%
IV Percentile29.4%4.0%82.9%4.0%59.5%
Term Structure0.7%-2.4%3.5%2.7%-0.1%
VWIV11.4%9.3%13.9%9.6%13.5%
Skew 25d3.9%1.4%7.3%4.1%1.4%
Skew 10d7.1%1.9%13.8%2.4%8.4%
Call IV 25d9.3%6.1%11.9%7.7%11.0%
Put IV 25d13.2%11.4%16.0%11.8%12.3%
Bid-Ask Spread %93.2876.14111.88100.9697.90
Gamma HHI0.550.330.670.330.67
Net GEX20.3M13.2M25.0M13.2M24.7M
Net DEX-130.9M-160.0M-98.9M-98.9M-147.3M
Net VEX-397.4K-437.5K-338.5K-338.5K-384.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.001.680.250.58
Total Volume285.1322,886161101
Total OI21,074.519,19622,81121,55319,622

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$144.61$140.009.4%2.7%9.7%6.7%9.6%4.1%2.7%13.2M-98.9M-338.5K0.25100.96N/AN/A1293219,4412,112
2026-01-05$145.84$144.009.9%3.2%10.1%7.8%10.5%2.0%-2.4%16.4M-110.9M-357.3K0.1685.71N/AN/A1592619,5002,141
2026-01-06$146.91$144.0011.0%3.2%10.4%10.3%10.6%4.7%-1.5%18.5M-122.2M-371.6K0.9294.53N/AN/A10910019,5922,144
2026-01-07$145.06$144.0010.1%3.2%11.3%8.1%10.4%4.6%0.8%15.3M-107.0M-350.7K0.00102.29N/AN/A2,883319,5982,190
2026-01-08$146.35$144.0010.7%3.2%11.7%9.4%11.9%4.0%0.0%17.0M-118.8M-409.5K0.0993.07N/AN/A1921720,2352,191
2026-01-09$147.36$143.0012.5%2.5%10.7%13.5%10.6%2.4%2.8%19.6M-134.1M-432.7K0.0884.28N/AN/A2742120,3032,187
2026-01-12$147.43$143.0010.8%3.0%10.5%9.8%11.1%3.1%3.5%18.3M-134.0M-425.8K1.1992.12N/AN/A647620,3602,203
2026-01-13$147.31$145.0012.3%3.1%9.4%13.2%10.8%3.3%0.4%19.9M-146.8M-428.5K0.3992.35N/AN/A993920,3832,272
2026-01-14$147.75$145.0011.5%3.3%9.5%11.4%11.0%5.5%-0.4%21.2M-138.7M-427.2K0.4098.29N/AN/A632520,4082,305
2026-01-15$148.69$145.0011.5%3.3%9.0%11.4%12.8%4.3%0.9%23.0M-158.4M-431.1K0.4588.08N/AN/A1104920,3932,322
2026-01-16$148.75$145.0011.9%3.4%8.8%12.2%10.7%3.6%0.3%22.4M-160.0M-437.5K0.1676.14N/AN/A1001620,4512,360
2026-01-20$146.47$145.0015.9%4.5%10.7%21.2%13.6%2.8%-1.9%16.3M-115.8M-404.9K0.8283.87N/AN/A17714618,493703
2026-01-21$148.26$145.0013.5%3.9%11.1%15.8%13.9%4.4%1.0%21.3M-128.6M-403.0K0.2189.35N/AN/A801718,560842
2026-01-22$148.43$145.0011.0%3.1%11.0%10.2%9.3%7.3%0.9%25.0M-137.4M-414.2K0.0594.53N/AN/A2101118,626851
2026-01-23$147.56$145.0010.0%2.9%11.3%8.0%10.5%2.0%2.0%20.7M-124.1M-403.1K0.5989.10N/AN/A613618,817859
2026-01-26$148.53$145.0011.1%3.2%11.3%10.5%13.7%6.2%0.4%22.6M-129.3M-393.0K1.6884.62N/AN/A254218,813893
2026-01-27$148.58$146.0010.6%3.0%11.3%9.4%12.5%4.4%1.7%23.5M-125.7M-383.0K0.52104.82N/AN/A211118,825927
2026-01-28$148.49$146.0011.2%3.2%11.3%10.6%9.4%4.5%1.6%23.8M-132.4M-371.4K0.35111.88N/AN/A541918,830929
2026-01-29$149.25$146.0011.8%3.4%11.4%11.9%11.5%3.3%0.6%24.3M-148.0M-381.1K0.04101.65N/AN/A101418,863946
2026-01-30$149.76$146.0013.2%3.8%11.0%15.3%13.5%1.4%-0.1%24.7M-147.3M-384.8K0.5897.90N/AN/A643718,674948