VNET Options History — January 2026

In January 2026, VNET traded between $9.16 and $11.90. ATM implied volatility averaged 72.9%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 19.9%. IV traded below realized volatility by 1.3% (HV 20d: 74.2%). Max pain ranged from $8.00 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.20.

Notable Days

2026-01-12: Highest Volume — 18,236 contracts
2026-01-12: Largest IV spike — 25.4% change
2026-01-12: Highest IV Rank — 32.2%
2026-01-14: Largest Expected Move — 22.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.51	$9.16	$11.90	$9.16	$10.48
Max Pain	$9.25	$8.00	$10.00	$9.00	$10.00
ATM IV	72.9%	56.9%	89.8%	56.9%	71.9%
Expected Move	19.9%	15.7%	22.7%	16.3%	20.6%
HV 20d	74.2%	42.5%	97.6%	43.1%	97.6%
HV 60d	66.2%	59.4%	71.2%	67.2%	68.8%
IV Rank	17.6%	3.7%	32.2%	3.7%	16.7%
IV Percentile	11.8%	2.0%	38.5%	2.0%	9.9%
Term Structure	8.3%	0.5%	15.4%	0.5%	10.1%
VWIV	71.7%	57.7%	80.0%	57.7%	73.8%
Skew 25d	-4.4%	-21.0%	5.6%	5.6%	-5.4%
Skew 10d	-9.6%	-48.7%	20.6%	20.6%	-13.5%
Call IV 25d	74.5%	57.5%	84.0%	57.5%	78.9%
Put IV 25d	70.1%	40.1%	80.1%	63.2%	73.5%
Bid-Ask Spread %	80.35	57.88	96.33	89.21	85.90
Gamma HHI	0.21	0.16	0.28	0.19	0.16
Net GEX	426.3K	161.7K	596.7K	161.7K	372.0K
Net DEX	-30.2M	-45.1M	-10.9M	-10.9M	-29.4M
Net VEX	-177.2K	-201.7K	-134.2K	-134.2K	-192.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.20	0.01	0.87	0.16	0.01
Total Volume	7,742.45	781	18,236	1,518	7,537
Total OI	110,507.75	81,006	127,928	81,006	126,283

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-01-02	$9.16	$9.00	56.9%	16.3%	43.1%	3.7%	57.7%	5.6%	0.5%	161.7K	-10.9M	-134.2K	0.16	89.21	N/A	N/A	1,310	208	49,777	31,229
2026-01-05	$9.39	$8.00	66.1%	17.9%	43.9%	11.7%	62.3%	-2.9%	4.3%	204.8K	-13.3M	-136.5K	0.02	82.97	N/A	N/A	12,329	270	50,734	31,298
2026-01-06	$9.27	$8.00	70.3%	15.7%	44.2%	15.4%	62.0%	-21.0%	13.4%	294.5K	-14.9M	-146.9K	0.59	96.33	N/A	N/A	1,192	705	58,865	31,464
2026-01-07	$9.36	$8.00	68.2%	18.2%	42.5%	13.5%	68.0%	-4.5%	4.8%	319.1K	-16.5M	-147.3K	0.05	84.33	N/A	N/A	2,726	148	59,483	31,173
2026-01-08	$10.38	$8.00	71.9%	18.8%	55.9%	16.7%	69.1%	1.3%	6.2%	447.1K	-27.1M	-158.7K	0.34	76.48	N/A	N/A	12,105	4,060	61,432	31,060
2026-01-09	$10.41	$9.00	71.6%	18.6%	54.8%	16.4%	64.1%	-3.1%	6.7%	520.0K	-30.2M	-171.5K	0.35	78.99	N/A	N/A	2,431	854	67,941	34,592
2026-01-12	$11.57	$9.00	89.8%	19.6%	65.2%	32.2%	70.4%	-0.8%	7.9%	588.8K	-43.0M	-170.6K	0.87	66.95	N/A	N/A	9,744	8,492	67,101	35,205
2026-01-13	$11.09	$9.00	79.4%	19.1%	67.4%	23.2%	68.7%	-5.7%	5.9%	457.1K	-34.3M	-171.5K	0.06	67.95	N/A	N/A	5,919	350	64,039	43,301
2026-01-14	$11.90	$9.00	79.2%	22.7%	69.6%	23.0%	80.0%	-3.3%	0.5%	519.2K	-45.1M	-179.0K	0.02	57.88	N/A	N/A	11,348	280	67,305	43,274
2026-01-15	$11.49	$9.00	74.6%	21.4%	70.6%	19.1%	75.8%	-7.5%	6.2%	596.7K	-42.1M	-186.0K	0.03	77.04	N/A	N/A	15,845	543	73,751	43,309
2026-01-16	$10.60	$9.00	71.6%	20.5%	76.8%	16.5%	73.6%	-1.5%	11.9%	414.9K	-33.3M	-194.8K	0.10	81.34	N/A	N/A	9,571	978	84,256	43,672
2026-01-20	$9.34	$10.00	72.3%	20.7%	91.0%	17.0%	78.0%	-6.8%	7.9%	225.9K	-15.1M	-174.2K	0.11	77.78	N/A	N/A	9,442	1,014	74,960	40,783
2026-01-21	$10.13	$10.00	69.6%	20.0%	94.2%	14.8%	76.4%	-8.2%	15.4%	378.1K	-24.6M	-195.0K	0.22	81.15	N/A	N/A	2,073	456	81,098	41,530
2026-01-22	$10.53	$10.00	74.1%	21.2%	94.5%	18.6%	76.3%	-6.2%	11.9%	467.4K	-32.4M	-201.7K	0.21	79.80	N/A	N/A	6,783	1,411	82,215	41,949
2026-01-23	$10.59	$10.00	73.8%	21.1%	94.1%	18.3%	77.6%	-0.7%	10.4%	448.6K	-32.9M	-199.9K	0.03	81.41	N/A	N/A	3,864	120	80,306	42,615
2026-01-26	$10.91	$10.00	75.4%	21.6%	94.2%	19.8%	78.6%	-8.4%	11.1%	508.7K	-37.3M	-199.0K	0.01	82.00	N/A	N/A	6,243	46	81,256	42,619
2026-01-27	$11.39	$10.00	75.0%	21.5%	94.8%	19.4%	76.0%	1.5%	8.9%	579.1K	-43.0M	-195.0K	0.10	82.24	N/A	N/A	7,077	723	79,929	42,639
2026-01-28	$11.30	$10.00	73.8%	21.1%	94.9%	18.3%	74.2%	-6.0%	13.8%	539.1K	-41.3M	-193.4K	0.55	89.32	N/A	N/A	3,782	2,089	78,361	43,042
2026-01-29	$11.00	$10.00	73.2%	21.0%	95.4%	17.8%	72.3%	-5.2%	8.7%	483.9K	-37.4M	-196.6K	0.06	87.97	N/A	N/A	735	46	81,242	45,067
2026-01-30	$10.48	$10.00	71.9%	20.6%	97.6%	16.7%	73.8%	-5.4%	10.1%	372.0K	-29.4M	-192.8K	0.01	85.90	N/A	N/A	7,466	71	81,175	45,108