VERX Options History — July 2025

In July 2025, VERX traded between $33.25 and $36.63. ATM implied volatility averaged 54.9%, placing in the 38.8% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 12.6% (HV 20d: 42.4%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.99.

Notable Days

  • 2025-07-30: Highest Volume — 431 contracts
  • 2025-07-10: Largest IV spike — 45.7% change
  • 2025-07-31: Highest IV Rank — 64.7%
  • 2025-07-31: Largest Expected Move — 21.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.06$33.25$36.63$35.49$33.25
Max Pain$35.45$35.00$40.00$40.00$35.00
ATM IV54.9%36.5%74.6%37.2%74.6%
Expected Move16.3%10.7%21.4%10.7%21.4%
HV 20d42.4%34.6%48.3%48.3%34.6%
HV 60d39.3%36.9%43.8%43.8%38.5%
IV Rank38.8%14.5%64.7%15.5%64.7%
IV Percentile73.7%28.6%97.6%32.1%97.6%
Term Structure-9.9%-23.7%2.3%2.3%-23.7%
VWIV52.7%32.1%74.3%32.1%74.3%
Skew 25d8.7%-15.3%21.7%8.6%-15.3%
Skew 10d12.4%-1.8%24.3%24.3%13.7%
Call IV 25d43.2%30.6%65.0%31.9%60.7%
Put IV 25d52.0%40.6%71.2%40.6%45.4%
Bid-Ask Spread %98.2079.32110.6391.6597.84
Gamma HHI0.220.190.350.240.35
Net GEX29.4K21.0K72.4K22.3K72.4K
Net DEX-2.9M-3.2M-2.5M-2.9M-3.2M
Net VEX-8.2K-9.5K-7.6K-8.2K-9.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.008.000.000.02
Total Volume59.54504319327
Total OI2,075.6361,9032,6942,0022,694

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$35.49$40.0037.2%10.7%48.3%15.5%32.1%8.6%2.3%22.3K-2.9M-8.2K0.0091.65N/AN/A901,636366
2025-07-02$34.72$40.0045.1%12.9%46.8%25.8%0.0%0.3%-1.8%21.0K-2.7M-8.7K1.5096.69N/AN/A691,643366
2025-07-03$35.68$35.0037.5%13.7%47.9%15.7%0.0%-2.9%-0.4%22.3K-2.9M-8.7K0.25100.50N/AN/A821,643365
2025-07-07$36.02$35.0044.6%15.7%47.8%25.2%54.4%14.1%-0.3%22.8K-3.0M-7.6K0.2698.38N/AN/A78201,647364
2025-07-08$36.17$35.0036.5%15.5%47.7%14.5%53.9%10.8%-6.9%23.8K-3.0M-7.8K0.8779.32N/AN/A15131,652360
2025-07-09$36.63$35.0041.0%11.8%48.1%20.4%38.6%-4.1%-6.0%26.1K-3.2M-8.0K1.5089.88N/AN/A691,665371
2025-07-10$35.76$35.0059.8%17.1%40.3%45.1%0.0%11.9%-15.0%27.6K-3.0M-8.1K0.00100.84N/AN/A001,671380
2025-07-11$34.53$35.0055.8%16.0%41.7%39.9%55.9%20.5%-9.6%22.7K-2.6M-8.1K8.0089.02N/AN/A181,673379
2025-07-14$36.30$35.0057.6%16.5%45.1%42.3%39.4%12.0%-0.5%25.0K-3.1M-7.7K0.0498.17N/AN/A7931,674376
2025-07-15$35.14$35.0056.9%16.3%46.4%41.4%56.9%8.6%-9.6%26.6K-2.9M-8.2K0.0997.80N/AN/A1111,751379
2025-07-16$35.45$35.0057.4%16.4%46.6%42.0%57.4%21.7%-9.5%27.2K-3.1M-8.7K2.0097.43N/AN/A121,761380
2025-07-17$35.41$35.0057.2%16.4%46.4%41.7%50.8%15.6%-16.3%26.7K-2.9M-7.8K0.0697.19N/AN/A3421,762381
2025-07-18$34.98$35.0055.8%16.0%43.7%39.9%32.4%19.4%-8.1%26.0K-2.8M-8.3K0.00100.39N/AN/A201,731379
2025-07-21$34.82$35.0057.2%16.4%40.4%41.8%56.6%10.5%-9.8%30.0K-2.9M-8.0K3.0098.64N/AN/A261,600303
2025-07-22$35.37$35.0064.0%18.4%40.1%50.8%0.0%13.6%-16.5%30.8K-3.0M-7.7K0.00103.17N/AN/A001,598309
2025-07-23$35.89$35.0059.4%17.0%39.4%44.6%0.0%14.0%-11.4%30.9K-3.2M-7.7K0.00109.61N/AN/A12001,598309
2025-07-24$34.52$35.0059.4%17.0%37.0%44.6%0.0%9.2%-20.1%37.3K-3.0M-9.2K0.00107.51N/AN/A001,715309
2025-07-25$34.06$35.0056.7%16.2%37.4%41.0%0.0%9.4%-10.2%35.2K-2.8M-7.7K0.00105.87N/AN/A061,715309
2025-07-28$33.80$35.0059.7%17.1%36.3%45.1%0.0%2.5%-6.7%29.6K-2.6M-8.3K0.17110.63N/AN/A1831,715412
2025-07-29$33.59$35.0063.8%18.3%34.9%50.4%63.8%5.3%-16.5%28.9K-2.6M-7.8K0.0399.26N/AN/A7621,710415
2025-07-30$33.77$35.0071.7%20.5%35.0%60.8%71.3%6.2%-21.0%31.7K-2.5M-8.6K0.0190.60N/AN/A42651,781417
2025-07-31$33.25$35.0074.6%21.4%34.6%64.7%74.3%-15.3%-23.7%72.4K-3.2M-9.5K0.0297.84N/AN/A32252,274420