VERX Options History — April 2025

In April 2025, VERX traded between $34.67 and $40.19. ATM implied volatility averaged 64.4%, placing in the 51.3% IV rank vs the trailing year. The 30-day expected move averaged 18.6%. IV traded above realized volatility by 14.3% (HV 20d: 50.1%). Max pain ranged from $30.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.26.

Notable Days

  • 2025-04-07: Highest Volume — 1,241 contracts
  • 2025-04-03: Largest IV spike — 29.7% change
  • 2025-04-08: Highest IV Rank — 82.3%
  • 2025-04-07: Largest Expected Move — 21.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.11$34.67$40.19$36.00$39.74
Max Pain$36.67$30.00$40.00$30.00$40.00
ATM IV64.4%40.6%88.0%55.8%71.2%
Expected Move18.6%15.8%21.8%15.8%20.4%
HV 20d50.1%41.9%54.4%43.5%51.7%
HV 60d65.6%62.0%67.3%62.0%67.3%
IV Rank51.3%19.9%82.3%39.9%60.2%
IV Percentile86.2%42.9%99.2%80.2%94.8%
Term Structure-9.5%-30.3%1.1%1.1%-30.3%
VWIV67.0%52.6%76.2%55.7%71.2%
Skew 25d12.8%-19.3%35.8%0.3%9.3%
Skew 10d12.0%-15.2%31.0%-15.2%23.6%
Call IV 25d51.1%37.1%72.8%48.5%41.8%
Put IV 25d63.9%45.2%76.7%48.8%51.1%
Bid-Ask Spread %84.1661.02105.0284.9886.30
Gamma HHI0.190.140.290.230.15
Net GEX64.7K42.4K92.3K76.1K44.2K
Net DEX-4.7M-5.4M-3.8M-4.5M-4.6M
Net VEX-13.4K-15.6K-11.8K-12.2K-11.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.002.000.190.27
Total Volume101.42931,2415047
Total OI2,908.7622,5203,1773,1522,620

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$36.00$30.0055.8%15.8%43.5%39.9%55.7%0.3%1.1%76.1K-4.5M-12.2K0.1984.98N/AN/A4282,837315
2025-04-02$37.23$35.0040.6%15.8%43.6%19.9%52.6%19.8%-4.6%84.1K-5.0M-12.4K0.0374.19N/AN/A3412,856321
2025-04-03$36.14$35.0052.6%17.5%45.2%35.7%61.2%16.9%-4.2%77.7K-4.5M-12.4K0.6084.07N/AN/A532,836322
2025-04-04$35.04$35.0063.6%19.0%44.1%50.2%0.0%7.4%-5.3%71.3K-4.1M-13.0K0.01105.02N/AN/A18712,833323
2025-04-07$35.55$35.0080.4%21.8%41.9%72.2%75.6%3.9%-12.7%70.6K-3.9M-12.2K0.0072.06N/AN/A1,23922,679323
2025-04-08$34.67$35.0088.0%21.7%43.2%82.3%76.2%18.3%-12.1%67.0K-3.8M-15.0K0.0582.28N/AN/A8742,817325
2025-04-09$38.66$35.0061.9%17.7%54.4%47.9%63.6%22.4%-4.8%92.3K-5.3M-15.6K0.2484.41N/AN/A2562,846322
2025-04-10$37.63$35.0068.3%19.6%53.9%56.4%67.8%14.1%-10.3%85.5K-4.9M-15.2K0.0291.84N/AN/A12722,841324
2025-04-11$38.64$35.0066.0%18.9%53.8%53.3%67.0%30.2%-9.4%83.6K-5.1M-15.0K0.2486.07N/AN/A2972,744326
2025-04-14$38.55$35.0059.3%17.0%53.2%44.5%74.8%35.8%-6.5%75.3K-5.1M-13.2K0.0980.99N/AN/A2322,746326
2025-04-15$39.40$35.0055.5%15.9%53.5%39.6%0.0%23.5%-6.8%85.7K-5.4M-13.7K0.0091.45N/AN/A7302,760328
2025-04-16$38.87$35.0066.8%19.1%51.5%54.4%67.2%-0.0%-8.0%81.3K-5.1M-14.3K0.1084.11N/AN/A2122,785328
2025-04-17$39.03$40.0064.1%18.4%51.3%50.8%0.0%9.5%-11.7%43.2K-5.1M-13.9K0.0074.42N/AN/A702,774330
2025-04-21$37.92$40.0068.1%19.5%51.9%56.1%68.9%-0.7%-6.4%42.4K-4.2M-13.7K0.3379.46N/AN/A622,215305
2025-04-22$38.96$40.0064.5%18.5%52.6%51.3%64.7%7.6%-8.7%44.0K-4.4M-13.3K0.1782.39N/AN/A2442,219307
2025-04-23$39.56$35.0072.2%20.7%52.7%61.5%69.5%30.9%-15.5%45.6K-4.6M-13.3K0.1283.73N/AN/A1722,232305
2025-04-24$39.41$40.0066.7%19.1%52.8%54.3%68.3%6.5%-12.0%45.8K-4.6M-13.1K2.0061.02N/AN/A242,238306
2025-04-25$39.86$40.0056.8%16.3%52.8%41.2%0.0%8.1%-6.0%47.5K-4.7M-12.2K0.36100.76N/AN/A53192,240306
2025-04-28$39.27$40.0062.2%17.8%53.0%48.3%0.0%23.6%-9.2%47.2K-4.5M-13.1K0.0089.68N/AN/A302,289324
2025-04-29$40.19$40.0068.1%19.5%52.3%56.1%67.9%-19.3%-17.0%49.0K-4.8M-12.8K0.6788.16N/AN/A642,287324
2025-04-30$39.74$40.0071.2%20.4%51.7%60.2%71.2%9.3%-30.3%44.2K-4.6M-11.8K0.2786.30N/AN/A37102,286334