VERS Options History — November 2025

In November 2025, VERS traded between $56.57 and $64.54. ATM implied volatility averaged 31.9%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 3.5% (HV 20d: 28.4%). Max pain ranged from $60.00 to $67.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.50.

Notable Days

2025-11-20: Highest Volume — 3 contracts
2025-11-13: Largest IV spike — 14.7% change
2025-11-19: Highest IV Rank — 24.7%
2025-11-19: Largest Expected Move — 10.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$60.68	$56.57	$64.54	$64.54	$60.47
Max Pain	$64.05	$60.00	$67.00	$60.00	$60.00
ATM IV	31.9%	28.1%	35.8%	30.6%	28.1%
Expected Move	9.1%	8.0%	10.3%	8.8%	8.1%
HV 20d	28.4%	25.2%	32.7%	30.5%	28.7%
HV 60d	25.4%	23.9%	26.8%	23.9%	26.6%
IV Rank	17.2%	10.0%	24.7%	14.7%	10.0%
IV Percentile	66.0%	39.7%	83.7%	59.5%	39.7%
Term Structure	-0.3%	-3.7%	3.9%	0.2%	0.8%
VWIV	36.4%	36.4%	36.4%	36.4%	36.4%
Skew 25d	5.8%	-1.4%	13.7%	1.4%	2.5%
Skew 10d	5.8%	-1.0%	11.3%	4.9%	3.1%
Call IV 25d	25.3%	20.1%	37.3%	24.6%	23.3%
Put IV 25d	31.1%	25.6%	37.1%	26.0%	25.8%
Bid-Ask Spread %	107.59	82.23	127.79	119.81	127.79
Gamma HHI	0.17	0.14	0.21	0.21	0.14
Net GEX	2.5K	1.5K	2.8K	2.5K	2.6K
Net DEX	-54.5K	-75.8K	-35.9K	-75.8K	-51.2K
Net VEX	-118	-140	-97	-130	-100
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.50	0.50	0.50	0.50
Total Volume	0.211	0	3	0	0
Total OI	17.053	17	18	17	17

Daily Data (19 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
2025-11-03	$64.54	$60.00	30.6%	8.8%	30.5%	14.7%	0.0%	1.4%	0.2%	2.5K	-75.8K	-130	0.00	119.81	N/A	N/A	0	0	17	0
2025-11-04	$62.50	$60.00	34.8%	10.0%	32.2%	22.7%	0.0%	0.1%	-3.7%	2.6K	-65.4K	-140	0.00	117.63	N/A	N/A	0	0	17	0
2025-11-05	$63.37	$60.00	31.2%	9.0%	32.2%	15.9%	0.0%	3.0%	-0.2%	2.7K	-67.0K	-139	0.00	123.50	N/A	N/A	0	0	17	0
2025-11-06	$62.26	$67.00	32.4%	9.0%	32.7%	18.2%	0.0%	1.8%	-0.3%	2.6K	-65.4K	-139	0.00	82.23	N/A	N/A	0	0	17	0
2025-11-07	$61.66	$67.00	30.8%	8.0%	28.1%	15.2%	0.0%	13.7%	2.2%	2.7K	-58.2K	-132	0.00	100.47	N/A	N/A	0	0	17	0
2025-11-10	$62.89	$67.00	30.6%	8.5%	26.4%	14.8%	0.0%	9.7%	-0.2%	2.8K	-66.6K	-127	0.00	101.30	N/A	N/A	0	0	17	0
2025-11-11	$62.53	$67.00	30.1%	8.6%	26.2%	13.7%	0.0%	8.5%	-0.1%	2.8K	-64.0K	-128	0.00	106.74	N/A	N/A	0	0	17	0
2025-11-12	$62.53	$67.00	29.3%	8.4%	25.2%	12.2%	0.0%	10.4%	0.7%	2.8K	-63.5K	-131	0.00	106.14	N/A	N/A	0	0	17	0
2025-11-13	$60.30	$67.00	33.6%	9.6%	27.9%	20.4%	0.0%	5.5%	-1.4%	2.6K	-53.9K	-123	0.00	95.02	N/A	N/A	0	0	17	0
2025-11-14	$60.08	$67.00	33.0%	9.5%	27.9%	19.4%	0.0%	8.5%	-1.1%	2.6K	-51.8K	-120	0.00	97.93	N/A	N/A	0	0	17	0
2025-11-17	$58.84	$67.00	35.0%	10.0%	26.6%	23.2%	0.0%	8.6%	-2.5%	2.7K	-47.5K	-116	0.00	98.76	N/A	N/A	0	0	17	0
2025-11-18	$58.71	$67.00	32.2%	9.2%	26.6%	17.7%	0.0%	10.2%	-0.3%	2.5K	-42.6K	-109	0.00	104.13	N/A	N/A	0	0	17	0
2025-11-19	$58.50	$67.00	35.8%	10.3%	25.6%	24.7%	0.0%	12.5%	-1.2%	2.5K	-43.4K	-106	0.00	101.17	N/A	N/A	0	0	17	0
2025-11-20	$56.57	$67.00	33.2%	9.5%	26.9%	19.8%	36.4%	-1.4%	-2.5%	2.1K	-37.4K	-102	0.50	99.49	N/A	N/A	2	1	17	0
2025-11-21	$57.94	$60.00	31.8%	9.1%	27.7%	17.0%	0.0%	0.7%	3.9%	1.5K	-35.9K	-104	0.00	108.84	N/A	N/A	0	1	17	1
2025-11-24	$59.38	$60.00	34.3%	9.8%	28.9%	21.8%	0.0%	9.0%	-2.1%	2.5K	-46.9K	-101	0.00	112.00	N/A	N/A	0	0	17	0
2025-11-25	$59.84	$60.00	29.8%	8.6%	29.3%	13.3%	0.0%	4.3%	1.1%	2.6K	-48.2K	-97	0.00	115.82	N/A	N/A	0	0	17	0
2025-11-26	$60.01	$60.00	29.2%	8.4%	29.4%	12.1%	0.0%	1.3%	0.2%	2.6K	-49.9K	-102	0.00	125.44	N/A	N/A	0	0	17	0
2025-11-28	$60.47	$60.00	28.1%	8.1%	28.7%	10.0%	0.0%	2.5%	0.8%	2.6K	-51.2K	-100	0.00	127.79	N/A	N/A	0	0	17	0