VERX Options History — October 2025

In October 2025, VERX traded between $22.63 and $25.98. ATM implied volatility averaged 66.6%, placing in the 60.9% IV rank vs the trailing year. The 30-day expected move averaged 20.4%. IV traded above realized volatility by 33.4% (HV 20d: 33.2%). Max pain ranged from $24.00 to $25.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.40.

Notable Days

2025-10-17: Highest Volume — 5,106 contracts
2025-10-29: Largest IV spike — 36.5% change
2025-10-29: Highest IV Rank — 100.0%
2025-10-29: Largest Expected Move — 27.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.83	$22.63	$25.98	$24.59	$22.90
Max Pain	$24.96	$24.00	$25.00	$25.00	$25.00
ATM IV	66.6%	48.0%	96.9%	51.3%	85.0%
Expected Move	20.4%	13.8%	27.8%	14.7%	24.4%
HV 20d	33.2%	24.5%	46.4%	46.3%	40.0%
HV 60d	60.9%	42.3%	64.4%	63.6%	42.3%
IV Rank	60.9%	33.8%	100.0%	38.8%	83.3%
IV Percentile	86.3%	61.1%	100.0%	69.0%	98.4%
Term Structure	-5.2%	-20.2%	17.8%	14.3%	1.2%
VWIV	71.1%	48.0%	102.1%	51.5%	88.5%
Skew 25d	1.8%	-20.9%	30.1%	-13.6%	2.2%
Skew 10d	-2.0%	-36.6%	29.5%	-25.1%	12.4%
Call IV 25d	63.4%	31.2%	108.7%	53.0%	89.2%
Put IV 25d	65.3%	37.0%	126.3%	39.5%	91.4%
Bid-Ask Spread %	73.42	45.72	99.89	52.90	81.27
Gamma HHI	0.59	0.25	0.89	0.81	0.26
Net GEX	669.3K	169.8K	1.3M	893.4K	187.6K
Net DEX	-8.9M	-13.7M	-3.2M	-12.2M	-3.4M
Net VEX	-25.2K	-34.1K	-18.6K	-29.3K	-21.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.01	1.93	0.01	1.93
Total Volume	1,332.174	27	5,106	4,249	4,000
Total OI	13,140.913	7,693	16,606	15,051	10,436

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-10-01	$24.59	$25.00	51.3%	14.7%	46.3%	38.8%	51.5%	-13.6%	14.3%	893.4K	-12.2M	-29.3K	0.01	52.90	N/A	N/A	4,210	39	14,702	349
2025-10-02	$24.68	$25.00	49.4%	14.2%	46.2%	35.9%	49.5%	0.7%	15.4%	966.4K	-12.9M	-34.1K	0.06	66.79	N/A	N/A	2,934	175	15,912	388
2025-10-03	$25.03	$25.00	48.0%	13.8%	46.4%	33.8%	48.0%	9.8%	17.8%	1.0M	-13.3M	-30.5K	0.18	66.49	N/A	N/A	1,395	245	15,365	435
2025-10-06	$25.18	$25.00	51.6%	19.3%	38.7%	39.2%	67.5%	30.1%	-6.6%	923.7K	-12.4M	-26.9K	0.71	55.24	N/A	N/A	400	286	14,492	586
2025-10-07	$25.00	$25.00	53.7%	20.0%	34.7%	42.3%	69.6%	3.4%	-6.7%	887.8K	-11.7M	-26.6K	0.10	45.72	N/A	N/A	1,144	110	14,202	576
2025-10-08	$25.36	$25.00	50.7%	19.9%	32.8%	37.8%	69.1%	-0.0%	-5.1%	1.0M	-13.7M	-26.8K	0.02	55.87	N/A	N/A	982	22	14,849	581
2025-10-09	$25.16	$25.00	52.8%	20.0%	32.4%	41.0%	70.8%	5.5%	-7.4%	963.0K	-12.4M	-26.1K	0.69	75.21	N/A	N/A	958	657	14,562	597
2025-10-10	$24.98	$25.00	58.8%	20.7%	32.4%	50.0%	69.6%	-4.3%	-5.5%	926.0K	-11.7M	-27.0K	0.55	93.00	N/A	N/A	1,105	613	15,425	1,181
2025-10-13	$24.68	$25.00	62.7%	21.4%	32.5%	55.9%	72.7%	-13.6%	-9.7%	1.0M	-10.1M	-24.2K	0.10	77.72	N/A	N/A	159	16	15,162	966
2025-10-14	$24.89	$25.00	60.5%	20.9%	25.3%	52.5%	69.6%	-3.5%	-11.6%	1.2M	-11.3M	-23.3K	0.05	61.37	N/A	N/A	1,189	60	15,106	968
2025-10-15	$24.93	$25.00	75.2%	21.6%	25.1%	74.6%	72.4%	30.0%	-14.9%	1.3M	-11.8M	-25.2K	0.06	67.97	N/A	N/A	785	45	15,292	966
2025-10-16	$24.38	$25.00	73.4%	21.0%	25.0%	71.9%	77.2%	4.4%	-20.2%	910.3K	-8.4M	-21.6K	0.15	82.03	N/A	N/A	629	96	14,971	982
2025-10-17	$24.29	$25.00	71.6%	20.5%	24.5%	69.1%	68.1%	22.7%	-10.4%	1.2M	-5.8M	-18.6K	0.42	99.89	N/A	N/A	3,598	1,508	15,190	977
2025-10-20	$25.58	$24.00	76.7%	22.0%	29.9%	76.8%	75.4%	12.8%	-11.1%	169.8K	-5.5M	-19.5K	0.08	69.07	N/A	N/A	1,039	85	7,213	480
2025-10-21	$25.98	$25.00	75.0%	21.5%	30.1%	74.2%	75.2%	1.0%	-11.7%	221.8K	-7.1M	-23.6K	0.81	49.98	N/A	N/A	713	575	8,192	540
2025-10-22	$25.91	$25.00	72.5%	20.8%	28.7%	70.5%	73.5%	-16.3%	-14.4%	237.5K	-7.2M	-25.7K	1.07	70.00	N/A	N/A	119	127	8,795	994
2025-10-23	$25.41	$25.00	72.6%	20.8%	29.7%	70.6%	74.1%	-5.1%	-10.3%	225.2K	-6.8M	-25.5K	0.91	69.27	N/A	N/A	55	50	8,874	1,122
2025-10-24	$25.49	$25.00	75.2%	21.6%	29.7%	74.6%	70.6%	-12.4%	-12.6%	246.7K	-7.3M	-30.2K	0.15	88.50	N/A	N/A	34	5	8,897	1,167
2025-10-27	$25.67	$25.00	74.0%	21.2%	28.6%	72.8%	73.6%	-20.9%	5.9%	250.6K	-6.9M	-25.9K	0.21	95.31	N/A	N/A	81	17	8,903	1,169
2025-10-28	$25.14	$25.00	71.0%	20.3%	26.1%	68.2%	71.1%	2.7%	-10.1%	255.5K	-6.6M	-25.7K	0.29	77.82	N/A	N/A	21	6	8,975	1,171
2025-10-29	$23.14	$25.00	96.9%	27.8%	39.6%	100.0%	102.1%	17.7%	5.1%	172.6K	-4.1M	-22.2K	0.09	93.35	N/A	N/A	218	19	8,986	1,172
2025-10-30	$22.63	$25.00	73.4%	21.1%	40.1%	67.2%	75.6%	-11.0%	-10.4%	191.3K	-3.2M	-20.0K	0.51	93.89	N/A	N/A	77	39	9,182	1,191
2025-10-31	$22.90	$25.00	85.0%	24.4%	40.0%	83.3%	88.5%	2.2%	1.2%	187.6K	-3.4M	-21.8K	1.93	81.27	N/A	N/A	1,366	2,634	9,211	1,225