VNET Options History — September 2025

In September 2025, VNET traded between $7.64 and $11.32. ATM implied volatility averaged 91.7%, placing in the 36.0% IV rank vs the trailing year. The 30-day expected move averaged 26.1%. IV traded above realized volatility by 4.9% (HV 20d: 86.8%). Max pain ranged from $7.00 to $9.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.15.

Notable Days

  • 2025-09-25: Highest Volume — 57,775 contracts
  • 2025-09-24: Largest IV spike — 9.8% change
  • 2025-09-25: Highest IV Rank — 43.0%
  • 2025-09-25: Largest Expected Move — 28.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.31$7.64$11.32$8.05$10.35
Max Pain$7.57$7.00$9.00$7.00$9.00
ATM IV91.7%84.7%100.0%88.6%87.0%
Expected Move26.1%22.9%28.7%25.4%24.9%
HV 20d86.8%71.8%98.8%71.8%93.4%
HV 60d86.7%83.9%89.3%84.3%86.0%
IV Rank36.0%30.2%43.0%33.5%32.1%
IV Percentile56.2%33.7%77.4%48.0%36.9%
Term Structure5.9%-2.6%18.3%-2.6%18.3%
VWIV92.8%80.9%105.1%92.8%90.8%
Skew 25d-15.1%-43.5%-4.6%-12.7%-17.0%
Skew 10d-19.6%-58.5%26.9%-37.9%-23.0%
Call IV 25d100.0%83.8%115.3%98.9%99.8%
Put IV 25d84.9%52.3%94.8%86.2%82.9%
Bid-Ask Spread %56.6143.9285.1278.0662.35
Gamma HHI0.240.160.290.280.16
Net GEX643.3K401.0K990.6K511.7K568.4K
Net DEX-43.1M-66.8M-19.5M-24.2M-47.8M
Net VEX-109.3K-206.5K-64.0K-66.7K-199.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.150.030.590.200.16
Total Volume14,146.0482,08057,7756,1555,591
Total OI108,521.47677,398140,52491,379140,524

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$8.05$7.0088.6%25.4%71.8%33.5%92.8%-12.7%-2.6%511.7K-24.2M-66.7K0.2078.06N/AN/A5,1361,01975,21416,165
2025-09-03$7.94$7.0086.4%24.8%72.0%31.6%91.5%-43.5%-0.6%537.3K-23.4M-68.2K0.3485.12N/AN/A1,55352777,99117,007
2025-09-04$7.64$7.0084.7%22.9%72.9%30.2%80.9%-5.9%4.3%493.7K-19.5M-64.0K0.0760.02N/AN/A3,13821277,77517,393
2025-09-05$7.79$7.0088.3%23.5%73.0%33.2%84.8%-7.3%9.4%513.8K-22.1M-68.9K0.0355.63N/AN/A12,16439579,25717,535
2025-09-08$7.75$7.0085.0%23.7%72.4%30.5%86.6%-7.2%6.3%537.9K-22.9M-72.5K0.0655.11N/AN/A2,73815284,77517,772
2025-09-09$8.27$7.0090.6%25.2%76.1%35.2%86.3%-4.6%1.0%659.5K-31.4M-81.7K0.0458.59N/AN/A8,32533286,39617,522
2025-09-10$7.89$7.0085.7%24.6%77.4%31.1%87.7%-10.7%3.2%612.1K-28.6M-80.5K0.0659.42N/AN/A11,55572591,39617,649
2025-09-11$9.11$7.0088.2%25.3%92.5%33.2%91.1%-17.2%2.0%728.0K-46.0M-77.3K0.0745.34N/AN/A21,0471,39187,09918,326
2025-09-12$9.57$7.0092.4%26.5%93.6%36.7%97.2%-11.4%3.1%783.5K-54.0M-89.3K0.0355.61N/AN/A17,69948792,06318,603
2025-09-15$9.66$7.0094.4%27.1%93.0%38.3%94.8%-11.8%3.6%910.5K-59.0M-96.6K0.0448.64N/AN/A6,54724398,86518,742
2025-09-16$9.46$7.0092.0%26.4%93.5%36.3%95.7%-14.0%4.8%990.6K-56.2M-97.2K0.1152.30N/AN/A7,837875100,81218,809
2025-09-17$9.90$7.0095.8%27.5%94.4%39.5%94.4%-13.3%3.1%990.1K-66.8M-111.1K0.2750.25N/AN/A22,3636,002105,51819,463
2025-09-18$9.98$8.0098.3%28.2%94.4%41.6%96.8%-16.9%3.4%966.5K-64.3M-114.0K0.1443.92N/AN/A5,047692104,30824,848
2025-09-19$9.71$8.0095.1%27.3%89.9%38.9%95.2%-13.3%5.9%412.7K-58.1M-110.8K0.1646.01N/AN/A7,5071,209105,25225,144
2025-09-22$10.07$8.0094.4%27.1%82.7%38.3%89.9%-14.2%5.2%444.2K-38.2M-115.4K0.1050.01N/AN/A6,88465864,29813,100
2025-09-23$9.23$8.0090.7%26.0%87.6%35.3%92.6%-16.2%8.7%401.0K-29.0M-110.9K0.1056.09N/AN/A7,21074764,72013,702
2025-09-24$10.46$8.0099.6%28.6%96.6%42.7%105.1%-20.5%7.7%463.3K-42.0M-118.3K0.0454.73N/AN/A47,6751,89765,23914,181
2025-09-25$11.32$8.00100.0%28.7%98.8%43.0%100.6%-21.8%9.3%695.7K-59.8M-146.4K0.5048.81N/AN/A38,42219,35382,37315,629
2025-09-26$10.80$9.0093.5%26.8%97.7%37.5%95.6%-19.3%14.8%677.4K-58.2M-206.5K0.1660.80N/AN/A10,4271,649103,69332,726
2025-09-29$10.59$9.0094.2%27.0%98.2%38.2%97.7%-17.7%13.7%612.5K-53.2M-199.4K0.5961.94N/AN/A6,0653,572102,96834,099
2025-09-30$10.35$9.0087.0%24.9%93.4%32.1%90.8%-17.0%18.3%568.4K-47.8M-199.8K0.1662.35N/AN/A4,827764103,99936,525