VNET Options History — May 2025

In May 2025, VNET traded between $5.31 and $7.30. ATM implied volatility averaged 98.5%, placing in the 41.8% IV rank vs the trailing year. The 30-day expected move averaged 28.2%. IV traded below realized volatility by 19.0% (HV 20d: 117.6%). Max pain ranged from $6.00 to $7.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.13.

Notable Days

  • 2025-05-12: Highest Volume — 13,564 contracts
  • 2025-05-28: Largest IV drop — 26.6% change
  • 2025-05-12: Highest IV Rank — 54.0%
  • 2025-05-27: Largest Expected Move — 31.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.24$5.31$7.30$6.29$5.37
Max Pain$6.90$6.00$7.00$6.00$7.00
ATM IV98.5%80.6%113.2%95.5%80.6%
Expected Move28.2%23.1%31.6%27.4%23.1%
HV 20d117.6%99.5%133.0%115.0%120.7%
HV 60d116.3%107.8%121.8%116.4%107.8%
IV Rank41.8%26.8%54.0%39.2%26.8%
IV Percentile68.0%27.8%88.1%67.9%27.8%
Term Structure-3.3%-11.2%9.1%0.1%4.1%
VWIV104.1%87.0%119.0%97.8%87.0%
Skew 25d-12.8%-27.2%4.2%4.2%-14.1%
Skew 10d-13.3%-59.5%43.0%28.3%-16.2%
Call IV 25d110.0%89.6%135.5%98.1%89.6%
Put IV 25d97.2%72.3%109.0%102.3%75.5%
Bid-Ask Spread %73.2666.6180.1380.1374.76
Gamma HHI0.320.230.430.330.29
Net GEX127.9K80.9K228.6K100.9K80.9K
Net DEX-5.3M-12.5M-762.3K-5.0M-779.6K
Net VEX-42.2K-52.0K-27.8K-44.9K-27.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.010.470.190.20
Total Volume3,720.33341113,5641,065681
Total OI65,88759,77979,74162,47161,444

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$6.29$6.0095.5%27.4%115.0%39.2%97.8%4.2%0.1%100.9K-5.0M-44.9K0.1980.13N/AN/A89616947,37615,095
2025-05-02$7.07$6.0088.4%25.3%119.2%33.3%94.2%-8.9%5.3%132.2K-9.0M-51.5K0.2369.26N/AN/A3,80089247,68715,220
2025-05-05$7.00$7.0098.2%28.1%107.8%41.5%104.4%-10.5%-2.4%142.2K-8.4M-49.9K0.1169.05N/AN/A1,13012549,58315,432
2025-05-06$6.81$7.0095.0%28.3%108.4%38.8%100.1%-12.3%-4.1%136.2K-7.8M-47.6K0.0573.98N/AN/A2,33712449,59615,441
2025-05-07$6.30$7.0087.5%27.5%103.6%32.5%96.7%-12.5%-10.5%117.1K-4.7M-41.7K0.1375.95N/AN/A83410849,40315,409
2025-05-08$6.00$7.0095.2%27.2%102.6%39.0%97.7%-11.4%-4.3%99.8K-3.7M-39.6K0.1475.58N/AN/A7,1641,01349,50615,445
2025-05-09$5.94$7.0098.3%26.8%99.5%41.6%104.1%-5.2%-1.3%132.8K-4.2M-43.1K0.4776.41N/AN/A28013155,18516,319
2025-05-12$7.30$7.00113.2%27.9%122.6%54.0%99.1%-13.2%-6.1%228.6K-12.5M-52.0K0.0766.61N/AN/A12,64891655,20916,338
2025-05-13$6.45$7.0094.2%28.0%131.9%38.1%102.3%-11.7%-2.0%139.2K-5.4M-42.5K0.2075.55N/AN/A5,7461,16052,90516,952
2025-05-14$6.19$7.00100.4%28.8%133.0%43.3%109.0%-16.0%-4.6%137.5K-4.7M-43.9K0.1173.80N/AN/A3,24134556,87617,428
2025-05-15$5.97$7.00100.5%28.8%120.4%43.4%108.5%-15.0%-4.8%131.9K-3.8M-42.3K0.0476.23N/AN/A4,54719259,29617,579
2025-05-16$6.42$7.00103.8%29.8%120.8%46.2%103.3%-9.6%-3.5%143.1K-7.0M-47.9K0.0272.93N/AN/A2,7295662,14517,596
2025-05-19$6.25$7.00110.0%31.5%119.4%51.4%113.2%-12.0%-10.9%139.8K-6.2M-45.1K0.0569.37N/AN/A2,42111348,44113,871
2025-05-20$6.25$7.00108.2%31.0%119.5%49.8%116.7%-12.6%-7.4%147.1K-6.5M-45.9K0.0172.18N/AN/A6,2846449,93513,927
2025-05-21$6.47$7.00109.3%31.3%116.9%50.8%114.4%-10.8%-11.2%155.2K-6.8M-44.6K0.0769.14N/AN/A3,24622848,81913,997
2025-05-22$6.09$7.00108.7%31.2%119.6%50.3%113.9%-15.8%-8.7%123.9K-4.5M-40.1K0.0171.56N/AN/A6,9235347,01114,108
2025-05-23$5.99$7.00109.9%31.5%119.9%51.3%111.7%-19.5%-3.3%109.0K-3.9M-38.5K0.1971.61N/AN/A78315045,62814,151
2025-05-27$6.00$7.00110.4%31.6%119.9%51.7%119.0%-27.2%-8.1%111.8K-4.1M-37.6K0.3070.90N/AN/A1,33940445,92614,227
2025-05-28$5.31$7.0081.0%23.2%127.6%27.1%104.9%-27.2%5.4%83.1K-762.3K-29.1K0.0875.57N/AN/A3,76331846,64414,497
2025-05-29$5.47$7.0081.0%23.2%120.8%27.1%89.0%-7.6%9.1%93.2K-1.3M-29.9K0.1077.97N/AN/A7047047,54914,431
2025-05-30$5.37$7.0080.6%23.1%120.7%26.8%87.0%-14.1%4.1%80.9K-779.6K-27.8K0.2074.76N/AN/A56711447,41814,026