VET Options History — December 2025

In December 2025, VET traded between $7.97 and $9.21. ATM implied volatility averaged 43.7%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 2.4% (HV 20d: 41.3%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.75.

Notable Days

  • 2025-12-12: Highest Volume — 11,152 contracts
  • 2025-12-31: Largest IV drop — 39.4% change
  • 2025-12-09: Highest IV Rank — 43.7%
  • 2025-12-03: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.57$7.97$9.21$9.04$8.34
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV43.7%25.9%59.4%39.2%25.9%
Expected Move12.0%7.4%16.3%11.2%7.4%
HV 20d41.3%31.1%51.8%51.2%31.1%
HV 60d45.9%41.9%47.5%47.4%41.9%
IV Rank25.2%3.2%43.7%20.2%3.2%
IV Percentile42.5%1.2%96.0%24.6%1.2%
Term Structure4.0%-12.1%81.7%-1.8%16.3%
VWIV55.1%25.2%303.8%46.3%28.9%
Skew 25d12.8%-15.8%174.8%174.8%16.2%
Skew 10d47.6%-19.1%273.8%273.8%4.4%
Call IV 25d41.3%28.4%87.2%87.2%29.6%
Put IV 25d54.0%36.8%262.0%262.0%45.8%
Bid-Ask Spread %41.4130.7975.0567.4838.30
Gamma HHI0.470.360.550.470.36
Net GEX239.3K64.8K386.8K347.0K64.8K
Net DEX-10.8M-18.7M-4.8M-17.2M-8.3M
Net VEX-29.9K-40.6K-17.8K-40.1K-17.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.006.076.071.75
Total Volume1,165.4098211,1521,576504
Total OI83,459.63673,32189,62289,15273,321

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$9.04$7.5039.2%11.2%51.2%20.2%46.3%174.8%-1.8%347.0K-17.2M-40.1K6.0767.48N/AN/A2231,35377,91711,235
2025-12-02$8.91$7.5051.7%14.8%51.8%34.8%48.4%-4.6%-3.8%357.8K-15.9M-40.6K0.0973.94N/AN/A2322177,93010,928
2025-12-03$8.98$7.5056.9%16.3%51.1%40.7%55.6%-15.8%-12.1%386.8K-16.3M-37.2K0.4275.05N/AN/A863677,80210,927
2025-12-04$9.09$7.5047.9%12.5%51.1%30.3%43.6%7.2%0.7%342.7K-17.5M-39.1K0.0136.60N/AN/A1,0881377,81710,934
2025-12-05$9.07$7.5052.4%12.6%45.3%35.5%44.1%7.3%-0.5%349.0K-17.7M-39.8K2.7436.77N/AN/A26271978,66510,947
2025-12-08$9.21$7.5047.8%12.9%43.3%30.1%45.2%10.1%-1.3%378.8K-18.7M-39.2K0.0237.72N/AN/A127378,78510,837
2025-12-09$9.00$7.5059.4%10.8%42.6%43.7%43.2%-0.3%0.6%359.1K-15.9M-33.3K0.4736.87N/AN/A35716877,78810,840
2025-12-10$9.05$7.5048.4%13.9%39.3%30.8%49.2%-2.0%-6.4%345.7K-16.3M-33.1K0.1843.99N/AN/A68012477,72110,991
2025-12-11$8.84$7.5042.6%12.2%39.1%24.1%41.8%4.8%-1.9%245.8K-14.3M-31.5K0.1238.68N/AN/A2,18926377,44211,105
2025-12-12$8.61$7.5034.3%9.8%39.7%14.5%54.8%-7.6%16.7%224.2K-11.7M-32.1K0.0032.23N/AN/A11,149376,23611,237
2025-12-15$8.43$7.5042.8%12.3%38.9%24.4%37.9%-8.4%-4.0%194.8K-6.1M-28.0K0.5531.67N/AN/A1,12461770,83211,238
2025-12-16$8.07$7.5042.6%12.2%41.2%24.2%45.7%-8.8%3.8%157.4K-5.3M-27.6K0.0234.82N/AN/A1,4263271,85510,858
2025-12-17$8.25$7.5041.8%12.0%38.5%23.2%41.4%11.9%3.0%174.1K-5.9M-26.7K0.0538.73N/AN/A2221171,60510,827
2025-12-18$7.97$7.5036.8%10.5%39.5%17.4%36.6%6.3%81.7%126.1K-4.8M-24.6K0.0733.37N/AN/A3192271,67410,483
2025-12-19$8.13$7.5041.3%11.8%40.3%22.6%41.7%8.0%-2.4%170.2K-6.1M-25.4K0.8134.08N/AN/A977971,7199,995
2025-12-22$8.25$7.5042.8%12.3%40.9%24.4%42.8%10.9%-4.2%174.6K-6.6M-24.6K0.0839.19N/AN/A90768,9698,939
2025-12-23$8.26$7.5043.5%12.5%40.9%25.2%303.8%11.0%-5.2%174.9K-6.5M-24.4K0.0138.58N/AN/A195169,0268,946
2025-12-24$8.27$7.5035.7%10.2%39.9%16.2%25.2%12.2%8.3%176.4K-6.7M-23.3K2.5735.95N/AN/A235969,0988,942
2025-12-26$8.18$7.5038.1%10.9%39.8%18.9%58.2%15.6%4.5%165.8K-6.3M-23.1K0.2642.33N/AN/A992669,0908,993
2025-12-29$8.27$7.5045.8%13.1%31.4%26.7%37.8%10.1%-7.8%162.0K-6.7M-22.0K0.2630.79N/AN/A70018269,0989,000
2025-12-30$8.41$7.5042.8%12.3%31.3%23.1%39.6%22.0%3.7%187.6K-7.6M-23.5K0.0234.00N/AN/A6971164,6128,908
2025-12-31$8.34$7.5025.9%7.4%31.1%3.2%28.9%16.2%16.3%64.8K-8.3M-17.8K1.7538.30N/AN/A18332164,7738,548