VERS Options History — July 2025

In July 2025, VERS traded between $52.83 and $56.31. ATM implied volatility averaged 28.1%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 10.7% (HV 20d: 17.4%). Max pain ranged from $44.00 to $44.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-07-10: Highest Volume — 6 contracts
2025-07-07: Largest IV spike — 10.2% change
2025-07-02: Highest IV Rank — 23.4%
2025-07-07: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.83	$52.83	$56.31	$52.83	$55.50
Max Pain	$44.00	$44.00	$44.00	$44.00	$44.00
ATM IV	28.1%	25.1%	29.9%	29.5%	25.9%
Expected Move	8.1%	7.2%	8.9%	8.5%	7.4%
HV 20d	17.4%	12.8%	21.3%	21.3%	14.0%
HV 60d	24.0%	19.3%	38.9%	38.9%	19.4%
IV Rank	18.7%	11.5%	23.4%	22.8%	12.8%
IV Percentile	51.1%	19.4%	63.5%	62.7%	27.0%
Term Structure	-0.0%	-5.1%	4.1%	2.0%	2.2%
Skew 25d	1.4%	-3.2%	4.0%	0.6%	1.0%
Skew 10d	3.8%	-8.5%	7.2%	1.5%	4.3%
Call IV 25d	24.4%	21.3%	28.5%	26.8%	26.0%
Put IV 25d	25.8%	24.0%	28.3%	27.5%	26.9%
Bid-Ask Spread %	125.37	115.19	139.53	120.25	133.39
Gamma HHI	0.24	0.19	0.28	0.21	0.27
Net GEX	1.7K	940	3.0K	1.6K	1.3K
Net DEX	-50.5K	-58.0K	-45.2K	-45.4K	-54.6K
Net VEX	-135	-153	-107	-116	-135
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.364	0	6	0	0
Total OI	17.591	15	19	18	17

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2025-07-01	$52.83	$44.00	29.5%	8.5%	21.3%	22.8%	0.0%	0.6%	2.0%	1.6K	-45.4K	-116	120.25	N/A	N/A	0	15	3
2025-07-02	$53.14	$44.00	29.9%	8.6%	21.0%	23.4%	0.0%	1.2%	2.3%	1.7K	-46.7K	-115	121.34	N/A	N/A	0	15	3
2025-07-03	$53.75	$0.00	27.1%	8.5%	20.9%	18.7%	0.0%	-0.7%	-0.4%	1.7K	-49.6K	-113	115.19	N/A	N/A	0	15	3
2025-07-07	$52.98	$0.00	29.9%	8.9%	21.3%	23.4%	0.0%	1.9%	-1.1%	1.6K	-46.1K	-109	117.00	N/A	N/A	0	15	3
2025-07-08	$53.54	$0.00	27.0%	8.6%	21.1%	18.5%	0.0%	2.3%	-0.3%	1.7K	-48.2K	-107	119.62	N/A	N/A	0	15	3
2025-07-09	$54.07	$0.00	28.9%	8.3%	21.0%	21.7%	0.0%	4.0%	-0.5%	2.2K	-46.4K	-137	117.53	N/A	N/A	0	15	3
2025-07-10	$54.03	$0.00	28.5%	8.2%	20.9%	21.0%	0.0%	2.7%	0.0%	2.2K	-46.4K	-138	125.92	N/A	N/A	6	15	3
2025-07-11	$53.65	$0.00	28.2%	8.1%	21.1%	20.6%	0.0%	1.2%	-0.0%	1.9K	-45.2K	-153	124.99	N/A	N/A	0	16	3
2025-07-14	$53.85	$0.00	28.5%	8.2%	21.0%	21.0%	0.0%	2.3%	-0.4%	1.9K	-45.2K	-152	123.40	N/A	N/A	0	16	3
2025-07-15	$53.92	$0.00	27.8%	8.0%	18.2%	19.4%	0.0%	2.1%	-0.2%	2.0K	-46.0K	-150	129.76	N/A	N/A	0	16	3
2025-07-16	$54.98	$0.00	28.8%	8.3%	16.9%	21.1%	0.0%	1.4%	-0.1%	2.5K	-50.2K	-142	119.07	N/A	N/A	0	16	3
2025-07-17	$56.05	$0.00	28.6%	8.2%	17.1%	20.0%	0.0%	-3.2%	-0.3%	2.8K	-57.4K	-143	119.49	N/A	N/A	0	16	3
2025-07-18	$56.14	$0.00	28.0%	8.0%	17.1%	19.0%	0.0%	2.0%	0.9%	3.0K	-58.0K	-140	124.28	N/A	N/A	0	16	3
2025-07-21	$56.31	$0.00	29.4%	8.4%	15.3%	21.3%	0.0%	0.4%	-0.9%	940	-53.8K	-124	120.84	N/A	N/A	0	13	2
2025-07-22	$56.24	$0.00	29.5%	8.5%	15.5%	19.2%	0.0%	0.9%	-1.6%	1.1K	-50.4K	-133	121.23	N/A	N/A	0	13	2
2025-07-23	$56.24	$0.00	28.9%	8.3%	13.0%	18.1%	0.0%	1.9%	-0.5%	1.0K	-51.4K	-128	128.83	N/A	N/A	2	13	2
2025-07-24	$56.17	$0.00	28.0%	8.0%	12.8%	16.5%	0.0%	2.1%	-5.1%	1.3K	-56.4K	-149	130.63	N/A	N/A	0	15	2
2025-07-25	$56.07	$0.00	27.0%	7.7%	12.8%	14.7%	0.0%	2.1%	0.4%	1.4K	-54.1K	-150	135.24	N/A	N/A	0	15	2
2025-07-28	$56.14	$0.00	27.0%	7.7%	12.8%	14.8%	0.0%	1.4%	0.0%	1.5K	-53.7K	-147	139.14	N/A	N/A	0	15	2
2025-07-29	$55.49	$0.00	26.1%	7.5%	13.8%	13.1%	0.0%	1.3%	-0.6%	1.3K	-53.2K	-146	139.53	N/A	N/A	0	15	2
2025-07-30	$55.23	$0.00	25.1%	7.2%	14.0%	11.5%	0.0%	0.8%	4.1%	1.3K	-53.1K	-144	131.47	N/A	N/A	0	15	2
2025-07-31	$55.50	$0.00	25.9%	7.4%	14.0%	12.8%	0.0%	1.0%	2.2%	1.3K	-54.6K	-135	133.39	N/A	N/A	0	15	2