VTWG Options History — February 2025

In February 2025, VTWG traded between $200.19 and $219.59. ATM implied volatility averaged 20.5%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 3.2% (HV 20d: 17.3%). Max pain ranged from $205.00 to $220.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.13.

Notable Days

2025-02-24: Highest Volume — 30 contracts
2025-02-21: Largest IV spike — 13.1% change
2025-02-28: Highest IV Rank — 35.4%
2025-02-28: Largest Expected Move — 7.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$212.11	$200.19	$219.59	$214.53	$200.84
Max Pain	$207.37	$205.00	$220.00	$220.00	$205.00
ATM IV	20.5%	17.2%	26.0%	23.3%	26.0%
Expected Move	5.9%	4.9%	7.5%	6.7%	7.5%
HV 20d	17.3%	14.0%	19.3%	19.3%	18.0%
HV 60d	21.1%	20.2%	24.1%	24.1%	20.5%
IV Rank	17.6%	6.6%	35.4%	26.5%	35.4%
IV Percentile	38.4%	9.5%	84.5%	65.5%	84.5%
Term Structure	-0.2%	-5.6%	2.3%	-2.4%	-5.6%
VWIV	21.0%	17.8%	24.3%	21.0%	24.3%
Skew 25d	4.3%	0.9%	7.9%	7.9%	6.0%
Skew 10d	5.6%	-1.4%	10.4%	6.6%	-1.4%
Call IV 25d	17.6%	13.5%	23.9%	17.1%	23.9%
Put IV 25d	21.9%	17.9%	29.9%	25.0%	29.9%
Bid-Ask Spread %	99.17	84.72	144.41	92.34	144.41
Gamma HHI	0.27	0.21	0.42	0.22	0.31
Net GEX	11.8K	4.9K	15.1K	14.2K	5.4K
Net DEX	-131.9K	-252.9K	23.7K	-252.9K	17.5K
Net VEX	-685	-1.2K	-509	-755	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.13	0.00	0.50	0.00	0.00
Total Volume	2.263	0	30	5	0
Total OI	23.105	17	39	22	39

Daily Data (19 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
2025-02-03	$214.53	$220.00	23.3%	6.7%	19.3%	26.5%	0.0%	7.9%	-2.4%	14.2K	-252.9K	-755	0.00	92.34	N/A	N/A	5	0	20	2
2025-02-04	$217.50	$220.00	21.4%	6.1%	18.4%	20.6%	0.0%	7.0%	0.2%	12.3K	-187.7K	-535	0.00	100.01	N/A	N/A	0	0	15	2
2025-02-05	$219.59	$220.00	20.3%	5.8%	18.6%	17.0%	0.0%	2.7%	-0.0%	12.5K	-210.5K	-514	0.00	104.44	N/A	N/A	0	0	15	2
2025-02-06	$218.39	$205.00	18.9%	5.6%	18.1%	12.3%	0.0%	1.2%	0.3%	13.1K	-204.6K	-509	0.00	93.86	N/A	N/A	0	2	15	2
2025-02-07	$216.03	$205.00	19.3%	5.4%	18.5%	13.7%	0.0%	2.4%	1.4%	12.1K	-175.7K	-606	0.00	93.16	N/A	N/A	0	0	15	4
2025-02-10	$217.24	$205.00	19.6%	5.5%	16.7%	14.5%	0.0%	3.9%	0.7%	12.7K	-180.3K	-584	0.00	96.58	N/A	N/A	0	0	15	4
2025-02-11	$214.38	$205.00	18.8%	5.2%	17.5%	12.1%	0.0%	3.3%	1.7%	12.7K	-159.1K	-592	0.00	99.06	N/A	N/A	0	0	15	4
2025-02-12	$213.39	$205.00	18.4%	5.3%	17.4%	10.7%	0.0%	6.9%	0.5%	12.2K	-142.4K	-588	0.00	100.24	N/A	N/A	0	0	15	4
2025-02-13	$215.60	$205.00	18.3%	5.2%	16.0%	10.2%	0.0%	5.1%	0.8%	13.3K	-162.9K	-568	0.00	99.90	N/A	N/A	0	0	15	4
2025-02-14	$215.44	$205.00	17.2%	4.9%	15.9%	6.6%	0.0%	2.2%	2.3%	14.9K	-169.8K	-564	0.00	101.54	N/A	N/A	0	0	15	4
2025-02-18	$216.57	$205.00	18.6%	5.3%	16.0%	11.2%	0.0%	3.1%	0.7%	15.0K	-174.7K	-533	0.00	100.39	N/A	N/A	0	0	15	4
2025-02-19	$216.41	$205.00	17.4%	5.0%	14.0%	7.4%	0.0%	3.3%	2.1%	15.1K	-174.1K	-525	0.00	101.66	N/A	N/A	0	0	15	4
2025-02-20	$214.37	$205.00	18.7%	5.4%	14.3%	11.7%	0.0%	5.5%	-0.7%	12.9K	-153.4K	-539	0.00	100.00	N/A	N/A	0	0	15	4
2025-02-21	$207.03	$205.00	21.2%	6.1%	18.5%	19.7%	21.0%	3.4%	-0.3%	9.3K	-87.1K	-541	0.00	101.69	N/A	N/A	5	0	15	4
2025-02-24	$205.25	$205.00	22.9%	6.6%	18.5%	25.2%	17.8%	6.8%	-2.7%	15.1K	-85.1K	-568	0.50	86.89	N/A	N/A	20	10	19	4
2025-02-25	$203.27	$205.00	21.6%	6.2%	17.6%	21.2%	0.0%	5.5%	1.4%	8.0K	-2.3K	-1.1K	0.00	84.72	N/A	N/A	0	0	24	14
2025-02-26	$204.04	$205.00	23.3%	6.7%	17.2%	26.7%	0.0%	0.9%	-1.8%	8.9K	-24.4K	-1.2K	0.00	93.18	N/A	N/A	0	0	24	14
2025-02-27	$200.19	$205.00	25.0%	7.2%	18.1%	32.2%	24.3%	4.0%	-2.9%	4.9K	23.7K	-1.1K	0.00	90.14	N/A	N/A	1	0	24	14
2025-02-28	$200.84	$205.00	26.0%	7.5%	18.0%	35.4%	0.0%	6.0%	-5.6%	5.4K	17.5K	-1.1K	0.00	144.41	N/A	N/A	0	0	25	14