VERX Options History — August 2025

In August 2025, VERX traded between $24.83 and $33.16. ATM implied volatility averaged 46.5%, placing in the 28.8% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded below realized volatility by 37.4% (HV 20d: 83.9%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.53.

Notable Days

  • 2025-08-06: Highest Volume — 2,556 contracts
  • 2025-08-20: Largest IV spike — 57.7% change
  • 2025-08-05: Highest IV Rank — 87.8%
  • 2025-08-01: Largest Expected Move — 18.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.67$24.83$33.16$32.29$25.94
Max Pain$26.43$25.00$35.00$35.00$25.00
ATM IV46.5%26.5%92.1%66.0%40.7%
Expected Move12.2%7.6%18.9%18.9%11.7%
HV 20d83.9%34.1%93.8%34.1%93.8%
HV 60d59.2%38.0%63.2%38.8%62.9%
IV Rank28.8%1.6%87.8%53.4%22.8%
IV Percentile50.5%0.8%99.6%89.7%43.3%
Term Structure2.4%-28.5%26.3%-28.5%1.7%
VWIV44.6%34.3%79.6%79.6%40.5%
Skew 25d-5.7%-16.0%19.4%-16.0%-8.3%
Skew 10d-3.6%-19.6%26.3%25.8%-16.1%
Call IV 25d43.7%35.7%70.2%70.2%46.0%
Put IV 25d38.1%24.9%55.2%54.2%37.7%
Bid-Ask Spread %95.8987.69106.0296.4896.03
Gamma HHI0.430.190.640.440.54
Net GEX35.1K-11.0K146.9K75.3K49.8K
Net DEX-1.5M-4.3M1.0M-2.9M-1.8M
Net VEX-7.9K-11.0K-6.2K-9.4K-7.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.004.460.050.00
Total Volume316.85702,5564319
Total OI3,632.3812,7144,6042,7493,381

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$32.29$35.0066.0%18.9%34.1%53.4%79.6%-16.0%-28.5%75.3K-2.9M-9.4K0.0596.48N/AN/A4122,328421
2025-08-04$33.12$30.0086.6%15.5%35.4%80.5%54.4%19.4%-6.3%83.8K-3.3M-9.0K0.0291.12N/AN/A780192,370419
2025-08-05$33.16$30.0092.1%15.7%35.3%87.8%53.3%0.3%-3.1%146.9K-4.3M-11.0K4.4690.61N/AN/A1647313,126431
2025-08-06$26.20$30.0053.2%12.8%88.8%36.5%45.6%-8.2%4.6%-11.0K1.0M-6.2K1.1191.91N/AN/A1,2111,3453,2801,145
2025-08-07$27.40$25.0050.1%11.7%91.4%32.4%35.5%-0.2%7.7%-2.8K-1.2M-7.1K2.3392.42N/AN/A1754073,514747
2025-08-08$25.44$30.0032.0%11.2%93.7%8.6%39.2%-8.9%6.7%-7.9K-35.6K-6.7K0.1592.36N/AN/A156233,511942
2025-08-11$25.07$25.0045.5%11.6%90.5%26.3%40.4%-6.7%6.9%-3.1K-435.6K-6.9K0.0298.48N/AN/A27753,658809
2025-08-12$25.16$25.0039.9%11.3%90.6%18.9%39.8%-1.7%8.3%5.0K-761.7K-7.3K0.2887.69N/AN/A155433,759762
2025-08-13$26.18$25.0036.9%10.6%92.4%15.0%34.3%-10.5%-1.1%13.9K-1.2M-7.6K0.22102.99N/AN/A89203,789789
2025-08-14$25.73$25.0044.3%12.7%92.3%24.8%0.0%13.3%-3.6%7.6K-1.2M-7.9K0.1599.66N/AN/A1323,815789
2025-08-15$25.63$25.0039.5%11.3%92.4%18.5%0.0%2.5%6.4%26.0K-1.2M-7.5K0.18101.29N/AN/A1733,825769
2025-08-18$25.95$25.0040.2%11.5%92.8%22.1%40.0%-2.0%-0.4%27.0K-1.5M-7.3K0.7295.96N/AN/A74532,209505
2025-08-19$25.50$25.0026.5%7.6%92.1%1.6%44.4%-15.1%12.2%32.2K-1.4M-8.4K0.14106.02N/AN/A2132,269543
2025-08-20$25.27$25.0041.8%12.0%91.5%24.5%41.8%-11.6%0.7%30.7K-1.3M-7.7K0.0293.21N/AN/A23252,278546
2025-08-21$25.25$25.0042.3%12.1%91.3%25.2%42.3%-14.2%13.7%32.1K-1.3M-7.9K0.0192.45N/AN/A7412,455549
2025-08-22$25.86$25.0041.7%12.0%92.4%24.3%41.7%-7.7%-2.9%37.8K-1.6M-8.1K0.3093.85N/AN/A3481042,527547
2025-08-25$25.53$25.0041.4%11.9%92.3%23.9%41.4%-10.9%0.7%46.7K-1.6M-7.9K0.0495.70N/AN/A2312,860487
2025-08-26$24.83$25.0041.6%11.9%92.4%24.1%40.5%-12.6%1.5%49.9K-1.4M-8.1K0.4495.38N/AN/A942,883487
2025-08-27$25.30$25.0032.8%9.4%92.9%10.9%0.0%-7.4%26.3%46.4K-1.5M-7.9K0.00101.41N/AN/A002,888490
2025-08-28$25.34$25.0041.0%11.8%93.1%23.3%0.0%-12.8%-0.3%51.1K-1.6M-7.9K0.0098.69N/AN/A502,888490
2025-08-29$25.94$25.0040.7%11.7%93.8%22.8%0.0%-8.3%1.7%49.8K-1.8M-7.9K0.0096.03N/AN/A1902,891490