VERX Options History — February 2025

In February 2025, VERX traded between $32.28 and $58.12. ATM implied volatility averaged 45.7%, placing in the 26.6% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 1.5% (HV 20d: 44.1%). Max pain ranged from $20.00 to $50.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 1.20.

Notable Days

  • 2025-02-27: Highest Volume — 2,546 contracts
  • 2025-02-12: Largest IV spike — 66.9% change
  • 2025-02-26: Highest IV Rank — 56.9%
  • 2025-02-26: Largest Expected Move — 19.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.27$32.28$58.12$57.61$32.28
Max Pain$28.16$20.00$50.00$50.00$40.00
ATM IV45.7%29.0%68.7%37.4%41.9%
Expected Move14.1%10.0%19.7%10.7%12.0%
HV 20d44.1%21.5%86.3%24.0%86.3%
HV 60d37.7%26.5%58.3%40.4%58.3%
IV Rank26.6%4.6%56.9%15.7%21.6%
IV Percentile51.1%3.6%92.9%31.7%50.4%
Term Structure-0.2%-11.1%11.1%11.1%7.1%
VWIV51.0%37.8%70.5%38.5%53.9%
Skew 25d-3.1%-22.5%21.3%2.5%1.1%
Skew 10d-0.1%-20.0%38.9%5.5%16.8%
Call IV 25d48.5%37.4%60.3%37.5%51.3%
Put IV 25d45.4%21.1%65.2%40.0%52.4%
Bid-Ask Spread %75.6756.0788.4656.0773.54
Gamma HHI0.320.190.610.360.19
Net GEX136.2K-90.4K314.8K215.7K32.3K
Net DEX-7.7M-12.9M2.9M-11.6M-1.3M
Net VEX-12.8K-15.2K-9.2K-13.9K-9.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.200.0017.190.000.12
Total Volume505.632302,5462101,664
Total OI3,723.2632,9355,5273,0744,309

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$57.61$50.0037.4%10.7%24.0%15.7%38.5%2.5%11.1%215.7K-11.6M-13.9K0.0056.07N/AN/A21002,790284
2025-02-04$57.53$50.0034.9%10.0%21.5%12.4%37.8%2.5%9.3%221.2K-12.5M-13.4K0.0265.49N/AN/A4312,926284
2025-02-05$58.12$50.0039.6%11.3%21.5%18.5%38.3%-18.0%7.3%228.3K-12.8M-13.4K0.0786.43N/AN/A8662,941284
2025-02-06$57.92$20.0032.6%13.9%21.7%9.3%47.2%2.7%-1.5%232.4K-12.9M-13.3K0.0173.24N/AN/A51462,986290
2025-02-07$56.96$20.0029.0%12.9%22.4%4.6%46.2%4.9%1.3%307.2K-12.7M-14.7K0.0170.12N/AN/A9713,275289
2025-02-10$56.20$20.0029.9%13.6%22.6%5.8%49.9%1.2%-2.1%314.8K-12.3M-15.2K0.0768.23N/AN/A4233,337289
2025-02-11$52.56$20.0029.1%13.0%33.6%4.8%47.1%1.4%-0.3%235.7K-9.4M-13.9K0.2771.59N/AN/A114313,360292
2025-02-12$50.30$22.5048.6%13.9%36.6%30.4%52.7%-17.0%-1.9%137.2K-8.0M-12.2K0.3578.56N/AN/A37133,368298
2025-02-13$44.98$22.5054.0%15.5%49.3%37.6%51.6%2.8%-6.4%59.5K-5.8M-11.0K0.2867.20N/AN/A3671013,387295
2025-02-14$46.30$22.5040.9%11.7%50.9%20.3%47.0%-21.2%6.2%68.2K-6.4M-10.2K0.0188.46N/AN/A31733,317363
2025-02-18$47.25$22.5054.2%15.6%51.6%37.9%52.3%8.1%-2.3%100.7K-6.9M-12.1K0.1088.41N/AN/A292303,589370
2025-02-19$45.58$22.5054.4%15.6%52.0%38.0%53.6%-14.1%-8.8%92.4K-6.5M-12.6K0.1883.30N/AN/A119213,777378
2025-02-20$45.61$22.5053.9%15.5%52.1%37.5%56.1%-0.5%0.7%94.5K-6.6M-13.0K0.0375.74N/AN/A2913,792395
2025-02-21$44.12$22.5053.5%15.3%52.4%36.9%55.7%-22.5%-1.5%69.1K-5.9M-12.3K0.1787.76N/AN/A2953,801395
2025-02-24$43.99$22.5056.8%16.3%51.8%41.3%55.6%-19.8%-6.1%68.0K-5.8M-12.0K0.0185.27N/AN/A33722,559376
2025-02-25$42.39$22.5062.3%17.9%52.0%48.5%59.3%-2.5%-6.7%103.5K-6.0M-14.3K0.1178.89N/AN/A109123,032378
2025-02-26$42.74$22.5068.7%19.7%51.3%56.9%70.5%21.3%-11.1%97.7K-6.3M-14.0K17.1979.55N/AN/A1332,2863,019390
2025-02-27$34.77$40.0045.6%13.1%84.7%26.5%55.2%7.3%1.8%-90.4K2.9M-12.5K3.7459.96N/AN/A5372,0093,1272,400
2025-02-28$32.28$40.0041.9%12.0%86.3%21.6%53.9%1.1%7.1%32.3K-1.3M-9.2K0.1273.54N/AN/A1,4861783,410899