VERX Options History — March 2026

In March 2026, VERX traded between $11.39 and $15.65. ATM implied volatility averaged 84.5%, placing in the 57.4% IV rank vs the trailing year. The 30-day expected move averaged 23.3%. IV traded above realized volatility by 11.2% (HV 20d: 73.3%). Max pain ranged from $12.00 to $13.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.80.

Notable Days

  • 2026-03-02: Highest Volume — 722 contracts
  • 2026-03-24: Largest IV spike — 209.0% change
  • 2026-03-24: Highest IV Rank — 100.0%
  • 2026-03-25: Largest Expected Move — 39.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.38$11.39$15.65$14.39$11.79
Max Pain$12.75$12.00$13.00$12.50$13.00
ATM IV84.5%56.5%174.6%72.7%79.8%
Expected Move23.3%12.8%39.9%20.8%22.9%
HV 20d73.3%46.6%108.4%108.3%48.1%
HV 60d69.9%68.5%71.7%68.7%71.4%
IV Rank57.4%32.4%100.0%49.9%47.2%
IV Percentile86.1%52.0%100.0%85.7%85.7%
Term Structure-6.6%-82.0%40.1%4.0%-8.9%
VWIV70.0%54.8%104.8%64.2%59.9%
Skew 25d9.5%-28.2%54.0%-3.4%-4.5%
Skew 10d11.6%-38.0%53.6%7.8%39.7%
Call IV 25d67.3%35.4%94.3%70.1%81.0%
Put IV 25d76.8%48.3%118.5%66.6%76.5%
Bid-Ask Spread %87.3847.07123.58103.1457.61
Gamma HHI0.240.170.460.220.19
Net GEX29.4K4.0K55.5K54.5K4.0K
Net DEX-908.4K-2.3M61.5K-1.7M61.5K
Net VEX-5.8K-9.6K-2.7K-6.9K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.003.202.590.31
Total Volume94572272217
Total OI6,010.9092,5517,6637,0882,759

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$14.39$12.5072.7%20.8%108.3%49.9%64.2%-3.4%4.0%54.5K-1.7M-6.9K2.59103.14N/AN/A2015216,421667
2026-03-03$14.63$12.5082.8%23.7%108.4%60.8%81.2%-19.8%-30.5%38.2K-1.4M-7.3K0.45109.68N/AN/A1156,3751,178
2026-03-04$15.13$12.5082.0%23.5%94.1%59.9%69.9%-28.2%-9.0%43.9K-1.9M-7.3K0.07108.73N/AN/A145106,3811,183
2026-03-05$15.65$12.0084.3%17.9%94.8%62.4%59.3%32.0%5.2%40.5K-2.3M-7.2K1.17109.50N/AN/A12146,4741,189
2026-03-06$15.27$12.0086.8%21.2%93.1%65.1%65.0%16.3%-5.5%45.1K-2.2M-9.6K0.00116.39N/AN/A4006,4361,190
2026-03-09$15.09$12.0089.6%18.6%91.5%68.1%84.7%-4.7%-6.2%42.0K-2.0M-8.0K0.05123.58N/AN/A264136,4441,190
2026-03-10$14.34$12.0076.3%22.3%93.1%53.7%73.7%11.8%19.6%31.9K-1.5M-7.4K1.33116.88N/AN/A21286,3441,182
2026-03-11$14.17$13.0061.2%17.6%92.7%37.5%63.3%4.6%36.4%31.6K-1.4M-7.7K0.05112.32N/AN/A2016,3391,208
2026-03-12$13.71$13.0065.4%14.9%67.3%42.0%59.3%29.9%3.6%35.4K-1.2M-6.4K0.0674.27N/AN/A10566,3431,208
2026-03-13$13.27$13.0089.3%12.8%68.2%67.8%104.8%-6.3%-10.7%35.6K-763.9K-6.5K3.2084.95N/AN/A5166,4451,190
2026-03-16$13.21$13.0075.0%27.5%67.4%52.4%0.0%37.1%-16.8%45.4K-648.3K-5.9K0.0075.69N/AN/A506,4491,200
2026-03-17$13.23$13.0068.9%22.6%66.1%45.8%0.0%28.4%-17.6%48.8K-683.0K-5.9K3.2074.77N/AN/A5166,4541,170
2026-03-18$13.02$13.0088.6%30.1%66.3%67.1%85.0%25.5%-36.7%55.5K-453.4K-5.2K0.0372.71N/AN/A10636,4571,172
2026-03-19$12.96$13.0063.0%25.6%64.4%39.4%54.8%33.6%-2.4%37.7K-463.9K-4.8K0.1495.94N/AN/A1426,4771,169
2026-03-20$12.74$13.0067.2%20.4%64.6%43.9%54.9%-5.5%20.7%12.2K-977.2K-4.3K2.5082.02N/AN/A18456,489886
2026-03-23$13.19$13.0056.5%14.8%60.5%32.4%58.0%-4.0%9.9%11.3K-229.9K-5.4K0.0882.60N/AN/A123102,060510
2026-03-24$12.05$13.00174.6%28.4%61.0%100.0%73.7%-4.7%-13.0%6.8K-96.2K-4.1K0.0363.74N/AN/A20172,032519
2026-03-25$11.78$13.0087.6%39.9%60.6%66.0%78.2%17.1%-62.4%7.4K-61.2K-3.6K0.2362.23N/AN/A1332,233525
2026-03-26$11.70$13.00110.2%31.6%46.6%74.2%0.0%54.0%17.1%7.5K-81.3K-4.2K0.0081.91N/AN/A1002,241528
2026-03-27$11.39$13.0082.9%23.8%46.9%50.0%59.9%-0.5%40.1%4.7K18.7K-3.4K0.5066.73N/AN/A632,232527
2026-03-30$11.61$13.00113.9%32.7%48.2%77.5%0.0%0.6%-82.0%7.1K-53.7K-4.1K1.5647.07N/AN/A9142,233531
2026-03-31$11.79$13.0079.8%22.9%48.1%47.2%0.0%-4.5%-8.9%4.0K61.5K-2.7K0.3157.61N/AN/A1342,233526