VERX Options History — January 2025

In January 2025, VERX traded between $51.38 and $58.70. ATM implied volatility averaged 33.7%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 6.4% (HV 20d: 27.3%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.09.

Notable Days

  • 2025-01-14: Highest Volume — 342 contracts
  • 2025-01-27: Largest IV spike — 36.7% change
  • 2025-01-06: Highest IV Rank — 26.0%
  • 2025-01-13: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.15$51.38$58.70$52.68$57.62
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV33.7%25.5%45.7%34.3%36.7%
Expected Move9.9%7.3%12.0%9.8%10.5%
HV 20d27.3%24.5%29.3%26.8%25.2%
HV 60d40.5%39.9%40.8%40.4%40.4%
IV Rank10.3%0.0%26.0%10.8%14.8%
IV Percentile16.3%0.0%57.9%14.7%29.4%
Term Structure7.1%-3.3%12.1%3.5%9.5%
VWIV34.5%26.3%44.8%32.4%34.7%
Skew 25d-2.4%-15.4%10.2%-1.2%-12.5%
Skew 10d1.3%-12.8%12.7%8.1%3.3%
Call IV 25d31.0%18.4%40.3%31.6%35.9%
Put IV 25d28.6%17.7%38.9%30.3%23.5%
Bid-Ask Spread %88.8975.10107.07107.0776.27
Gamma HHI0.470.220.740.220.42
Net GEX150.2K57.5K203.3K57.5K186.7K
Net DEX-9.4M-12.1M-6.7M-6.7M-11.4M
Net VEX-10.7K-11.9K-6.8K-6.8K-11.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.000.480.000.02
Total Volume133.9512342236310
Total OI2,5631,9392,8361,9392,836

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$52.68$50.0034.3%9.8%26.8%10.8%32.4%-1.2%3.5%57.5K-6.7M-6.8K0.00107.07N/AN/A23511,730209
2025-01-03$51.38$50.0035.8%10.3%27.9%12.8%44.8%2.2%-3.3%82.0K-6.7M-8.6K0.34103.05N/AN/A156531,951214
2025-01-06$51.52$50.0045.7%10.6%28.0%26.0%40.2%0.2%6.4%91.6K-6.9M-9.8K0.0083.08N/AN/A7702,053266
2025-01-07$52.00$50.0031.1%11.5%28.3%6.6%0.0%3.1%2.1%100.0K-7.1M-10.4K0.0994.73N/AN/A1112,113266
2025-01-08$53.02$50.0034.0%10.6%28.7%10.3%37.0%10.2%7.2%110.5K-7.6M-10.9K0.0093.44N/AN/A1402,121266
2025-01-10$52.41$50.0032.6%10.7%28.9%8.6%38.3%5.1%6.9%106.9K-7.3M-10.4K0.4792.19N/AN/A1572,116266
2025-01-13$52.07$50.0040.5%12.0%28.6%19.0%0.0%-5.1%2.7%99.1K-7.2M-9.3K0.0191.98N/AN/A16222,113262
2025-01-14$52.89$50.0028.7%10.7%29.3%3.4%37.2%8.7%6.0%105.9K-7.3M-9.4K0.0084.44N/AN/A34202,062264
2025-01-15$55.44$50.0034.1%9.8%29.2%10.5%34.1%-2.3%7.2%198.6K-9.5M-11.2K0.1087.59N/AN/A219232,381264
2025-01-16$55.90$50.0037.8%10.8%28.7%15.4%37.4%-2.3%7.1%198.1K-9.9M-11.7K0.0187.88N/AN/A11912,440263
2025-01-17$56.33$50.0035.8%10.3%28.8%12.8%33.0%-2.1%8.8%159.9K-10.3M-11.0K0.0985.94N/AN/A210182,446263
2025-01-21$56.91$50.0031.9%9.2%27.3%7.6%29.7%4.2%10.3%181.1K-10.1M-10.9K0.0175.10N/AN/A28042,319245
2025-01-22$56.65$50.0027.5%7.9%26.4%1.7%26.3%1.5%6.7%189.0K-10.8M-11.9K0.04100.18N/AN/A6832,507249
2025-01-23$56.84$50.0029.5%8.5%26.3%4.4%30.2%-5.0%10.9%197.2K-10.9M-11.9K0.0585.74N/AN/A3922,510253
2025-01-24$57.47$50.0025.5%7.3%25.8%0.0%33.1%-15.4%8.5%190.9K-11.3M-11.9K0.0489.66N/AN/A6732,525255
2025-01-27$57.67$50.0034.8%10.0%25.6%12.3%30.0%-7.0%12.1%185.3K-11.3M-11.7K0.0186.29N/AN/A10212,522256
2025-01-28$58.70$50.0034.1%9.8%26.1%11.4%36.0%-10.7%10.8%178.0K-12.1M-11.3K0.1184.33N/AN/A4752,550255
2025-01-29$58.19$50.0035.3%10.1%24.5%12.9%33.1%-8.8%9.6%182.7K-11.8M-11.8K0.0089.19N/AN/A2002,566259
2025-01-30$57.36$50.0028.8%8.2%25.4%4.3%34.4%-11.7%10.0%203.3K-11.4M-11.6K0.4879.66N/AN/A42202,565259
2025-01-31$57.62$50.0036.7%10.5%25.2%14.8%34.7%-12.5%9.5%186.7K-11.4M-11.8K0.0276.27N/AN/A30372,557279