VNET Options History — March 2025

In March 2025, VNET traded between $8.21 and $12.43. ATM implied volatility averaged 111.8%, placing in the 59.5% IV rank vs the trailing year. The 30-day expected move averaged 32.8%. IV traded below realized volatility by 14.1% (HV 20d: 125.9%). Max pain ranged from $8.00 to $11.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.48.

Notable Days

  • 2025-03-05: Highest Volume — 52,230 contracts
  • 2025-03-11: Largest IV drop — 24.2% change
  • 2025-03-04: Highest IV Rank — 100.0%
  • 2025-03-10: Largest Expected Move — 48.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.19$8.21$12.43$9.77$8.21
Max Pain$9.00$8.00$11.00$9.00$8.00
ATM IV111.8%87.8%168.2%131.6%92.5%
Expected Move32.8%25.3%48.2%37.7%25.6%
HV 20d125.9%112.6%132.9%122.8%112.6%
HV 60d106.1%99.4%111.6%99.4%105.6%
IV Rank59.5%32.8%100.0%97.9%36.7%
IV Percentile79.0%48.4%100.0%99.2%61.1%
Term Structure-2.7%-11.2%2.1%-10.7%-1.8%
VWIV116.6%87.2%168.4%135.7%91.1%
Skew 25d-8.8%-16.9%2.9%-16.2%-2.6%
Skew 10d-3.9%-38.1%52.4%-15.9%-30.1%
Call IV 25d117.2%87.7%145.2%144.3%94.6%
Put IV 25d108.4%85.7%134.6%128.1%92.0%
Bid-Ask Spread %46.4716.9488.2352.6555.36
Gamma HHI0.180.140.420.240.17
Net GEX261.7K-85.5K731.2K227.2K-78.0K
Net DEX-21.1M-48.4M3.1M-15.8M3.1M
Net VEX-117.1K-185.7K-50.9K-68.8K-50.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.011.261.000.11
Total Volume9,737.57180552,23014,804805
Total OI106,254.52459,662151,56371,46667,213

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$9.77$9.00131.6%37.7%122.8%97.9%135.7%-16.2%-10.7%227.2K-15.8M-68.8K1.0052.65N/AN/A7,4067,39852,74918,717
2025-03-04$10.82$9.00133.5%38.3%126.5%100.0%136.6%-10.5%-2.6%245.8K-24.0M-72.4K0.6849.49N/AN/A2,4841,68752,91018,863
2025-03-05$12.43$9.00129.1%37.0%132.9%94.8%132.9%-15.6%-8.8%263.1K-35.3M-77.6K0.3038.69N/AN/A40,03012,20052,64419,228
2025-03-06$12.12$9.00131.0%37.6%130.1%97.1%136.6%-13.8%-11.2%445.1K-48.4M-185.7K0.2053.95N/AN/A5,4761,10187,79730,656
2025-03-07$11.43$9.00135.9%39.0%132.2%100.0%135.7%-16.9%-9.8%416.7K-41.8M-180.3K0.8558.17N/AN/A2,3952,02989,64430,713
2025-03-10$11.42$9.00168.2%48.2%132.3%100.0%168.4%-12.3%-5.2%427.2K-41.4M-173.9K0.4554.79N/AN/A4,9262,23989,71530,502
2025-03-11$11.77$9.00127.5%45.2%125.7%66.0%159.0%-12.1%-9.5%455.3K-45.9M-182.5K0.7150.93N/AN/A8,7426,24190,83831,789
2025-03-12$10.96$9.00110.7%33.9%128.2%51.9%123.9%-7.4%-0.7%427.2K-33.8M-171.7K0.3262.60N/AN/A6,2912,00196,73537,429
2025-03-13$10.32$9.00111.6%33.4%123.7%52.7%119.4%-6.3%-1.6%413.2K-26.7M-159.6K0.1958.17N/AN/A5,3001,00698,92837,400
2025-03-14$11.50$9.00107.0%33.3%128.8%48.8%120.0%-8.5%1.2%475.2K-41.5M-175.5K0.7360.23N/AN/A8,7706,387101,28137,401
2025-03-17$11.39$11.00105.2%30.9%128.6%47.4%110.0%-11.0%1.8%469.6K-41.4M-176.3K0.1216.94N/AN/A2,162254107,58942,902
2025-03-18$10.96$11.00106.0%30.8%127.3%48.0%108.8%-5.4%1.4%357.5K-34.3M-163.6K0.6123.16N/AN/A1,607984108,57042,993
2025-03-19$9.80$11.00101.2%29.9%127.8%44.0%106.4%-12.6%2.1%396.6K-17.8M-138.6K0.5733.36N/AN/A2,1281,208108,12243,033
2025-03-20$8.91$0.0099.0%29.0%123.2%42.1%102.8%-2.9%0.7%731.2K-4.2M-118.1K0.6888.23N/AN/A16,46711,143108,23342,307
2025-03-21$8.52$9.0099.8%28.0%122.5%42.8%98.8%-6.4%-1.9%5.6K668.8K-68.7K1.2618.11N/AN/A2,2062,77793,36530,587
2025-03-24$8.96$8.0096.9%27.5%122.1%40.4%96.8%-7.7%-0.6%11.0K-967.0K-71.0K0.0133.61N/AN/A16,79223251,84821,887
2025-03-25$8.41$8.0087.8%25.9%122.4%32.8%96.6%-13.4%1.8%-85.5K3.1M-51.2K0.0432.51N/AN/A5,72523637,71621,946
2025-03-26$8.91$8.0092.7%26.4%125.0%36.9%91.6%-5.7%-0.3%-25.6K182.7K-60.0K0.1044.29N/AN/A1,51315642,82221,983
2025-03-27$9.00$8.0090.3%26.1%123.1%34.9%91.2%-0.9%0.6%-16.3K-337.3K-60.6K0.1446.58N/AN/A1,08914743,98221,982
2025-03-28$8.29$8.0089.5%25.3%125.5%34.2%87.2%2.9%-1.3%-67.2K3.1M-52.0K0.9944.05N/AN/A1,3801,36944,31122,015
2025-03-31$8.21$8.0092.5%25.6%112.6%36.7%91.1%-2.6%-1.8%-78.0K3.1M-50.9K0.1155.36N/AN/A7287744,55022,663