VNET Options History — December 2025

In December 2025, VNET traded between $8.43 and $9.43. ATM implied volatility averaged 65.4%, placing in the 3.2% IV rank vs the trailing year. The 30-day expected move averaged 18.8%. IV traded above realized volatility by 24.4% (HV 20d: 41.0%). Max pain ranged from $8.00 to $9.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.85.

Notable Days

  • 2025-12-12: Highest Volume — 9,927 contracts
  • 2025-12-24: Largest IV spike — 12.5% change
  • 2025-12-01: Highest IV Rank — 9.1%
  • 2025-12-08: Largest Expected Move — 22.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.84$8.43$9.43$8.89$8.43
Max Pain$8.82$8.00$9.00$8.00$9.00
ATM IV65.4%52.6%75.6%75.6%53.1%
Expected Move18.8%15.1%22.1%21.7%15.2%
HV 20d41.0%29.8%62.7%62.7%31.1%
HV 60d74.4%65.8%84.7%84.7%65.8%
IV Rank3.2%0.0%9.1%9.1%0.5%
IV Percentile1.8%0.0%9.1%9.1%0.8%
Term Structure5.5%-2.5%47.8%3.8%2.1%
VWIV66.8%53.4%82.5%82.5%53.8%
Skew 25d-2.4%-9.3%9.1%-9.3%-5.9%
Skew 10d-13.1%-37.1%20.9%-11.8%-21.0%
Call IV 25d69.0%45.8%84.9%84.9%57.8%
Put IV 25d66.6%51.9%75.6%75.6%51.9%
Bid-Ask Spread %83.6374.8399.5777.3988.66
Gamma HHI0.250.170.510.170.19
Net GEX347.0K68.9K710.2K353.7K68.9K
Net DEX-15.9M-28.5M-4.5M-20.5M-4.5M
Net VEX-147.2K-166.0K-124.7K-164.6K-124.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.015.300.020.35
Total Volume1,743.2271809,9272,190180
Total OI122,812.63677,776147,639138,02481,011

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$8.89$8.0075.6%21.7%62.7%9.1%82.5%-9.3%3.8%353.7K-20.5M-164.6K0.0277.39N/AN/A2,1434798,09939,925
2025-12-02$8.80$8.0072.8%20.9%61.3%6.3%71.6%1.1%3.9%338.8K-18.2M-159.2K0.0184.76N/AN/A1,1241098,09540,069
2025-12-03$8.93$8.0073.3%21.0%55.5%6.9%72.9%-8.9%1.9%361.3K-20.5M-166.0K0.3385.85N/AN/A31610499,10940,082
2025-12-04$8.89$8.0067.2%19.9%51.6%0.8%71.6%-5.9%9.9%384.6K-19.9M-162.3K0.3177.61N/AN/A40012599,73640,016
2025-12-05$8.95$9.0067.7%19.2%50.7%1.4%68.8%-6.7%6.4%397.6K-20.3M-163.4K0.0279.64N/AN/A6381299,86940,117
2025-12-08$9.27$9.0073.1%22.1%48.6%6.7%73.7%-2.2%-2.2%466.7K-24.6M-160.9K0.0299.57N/AN/A5,481102100,33340,108
2025-12-09$9.43$9.0072.4%19.5%48.1%5.9%74.4%-3.1%9.8%529.0K-28.5M-165.5K0.0681.44N/AN/A43826102,15740,225
2025-12-10$9.20$9.0071.9%20.6%48.0%5.4%72.0%-4.3%4.3%526.9K-25.6M-160.1K0.2280.92N/AN/A3,123688102,09740,210
2025-12-11$9.29$9.0066.8%19.1%37.6%0.4%70.6%-1.1%6.4%574.6K-26.8M-159.6K0.5878.74N/AN/A717415103,20740,604
2025-12-12$9.16$9.0066.5%19.1%36.8%0.2%69.2%-1.5%11.7%582.3K-24.4M-154.9K0.4982.19N/AN/A6,6783,249103,17540,701
2025-12-15$8.96$9.0069.7%20.0%37.7%3.3%70.1%1.6%3.4%674.1K-21.9M-152.7K0.3679.71N/AN/A17864106,14541,432
2025-12-16$8.75$9.0073.5%21.1%36.4%7.0%71.8%-2.0%1.2%710.2K-17.2M-144.6K0.5286.88N/AN/A504261106,17241,467
2025-12-17$8.50$9.0070.9%20.3%36.9%4.5%72.5%-2.1%0.3%493.9K-12.6M-138.0K0.3186.13N/AN/A599187105,99341,341
2025-12-18$8.45$9.0067.0%19.2%34.2%0.7%67.7%0.6%47.8%458.1K-11.5M-134.5K2.1779.26N/AN/A196425106,02541,310
2025-12-19$8.80$9.0063.2%18.1%36.5%0.0%64.8%-1.8%3.9%141.9K-13.0M-135.9K2.8674.83N/AN/A1,2713,636106,04841,093
2025-12-22$8.70$9.0058.4%16.7%36.7%0.0%58.9%-2.6%-2.5%103.8K-7.9M-136.0K0.2475.63N/AN/A1,36032548,37629,400
2025-12-23$8.58$9.0052.6%15.1%30.1%0.0%55.8%4.1%4.6%94.1K-6.5M-132.4K0.7386.29N/AN/A45233048,98329,693
2025-12-24$8.54$9.0059.2%17.0%29.8%5.7%58.9%-0.1%-1.9%92.6K-6.3M-131.9K3.3885.34N/AN/A22576149,24229,739
2025-12-26$8.70$9.0055.8%16.0%30.6%2.8%58.5%-7.1%4.0%97.9K-6.9M-131.9K0.1284.86N/AN/A4545549,31530,498
2025-12-29$8.66$9.0055.1%15.8%30.6%2.2%55.7%-4.0%-0.5%99.6K-6.7M-130.9K0.3691.42N/AN/A28210249,66530,553
2025-12-30$8.52$9.0052.6%15.1%31.1%0.0%53.4%9.1%1.7%84.1K-6.2M-127.5K5.3092.72N/AN/A10656249,78930,654
2025-12-31$8.43$9.0053.1%15.2%31.1%0.5%53.8%-5.9%2.1%68.9K-4.5M-124.7K0.3588.66N/AN/A1334749,80531,206