VTWG Options History — September 2025

In September 2025, VTWG traded between $222.72 and $237.67. ATM implied volatility averaged 21.1%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 3.5% (HV 20d: 17.6%). Max pain ranged from $210.00 to $220.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.83.

Notable Days

  • 2025-09-19: Highest Volume — 11 contracts
  • 2025-09-26: Largest IV drop — 10.8% change
  • 2025-09-02: Highest IV Rank — 12.8%
  • 2025-09-02: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$230.45$222.72$237.67$223.18$233.27
Max Pain$211.43$210.00$220.00$220.00$220.00
ATM IV21.1%19.4%23.6%23.6%19.4%
Expected Move6.0%5.6%6.8%6.8%5.6%
HV 20d17.6%13.7%20.3%20.1%15.3%
HV 60d18.0%17.6%18.4%18.4%17.8%
IV Rank7.9%4.4%12.8%12.8%4.4%
IV Percentile33.3%10.3%66.3%66.3%10.3%
Term Structure-0.0%-2.0%1.3%-2.0%1.0%
VWIV17.8%13.6%22.0%22.0%13.6%
Skew 25d3.8%1.0%6.9%3.4%4.3%
Skew 10d4.0%0.1%10.4%3.1%2.2%
Call IV 25d17.6%14.4%21.2%21.2%14.4%
Put IV 25d21.4%17.4%24.7%24.7%18.7%
Bid-Ask Spread %99.2794.77102.83102.83102.00
Gamma HHI0.350.290.460.440.29
Net GEX-6.1K-15.1K1.5K-5.1K832
Net DEX100.7K-39.0K197.0K115.5K25.5K
Net VEX-1.7K-2.1K-1.2K-1.2K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.001.671.670.00
Total Volume1.47601160
Total OI31.42921402140

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$223.18$220.0023.6%6.8%20.1%12.8%0.0%3.4%-2.0%-5.1K115.5K-1.2K0.00102.83N/AN/A06516
2025-09-03$222.72$220.0022.9%6.6%20.1%11.2%0.0%6.9%-1.5%-8.8K197.0K-1.5K0.00101.02N/AN/A00522
2025-09-04$225.43$210.0022.6%6.0%20.3%10.8%0.0%3.8%0.3%-8.9K191.0K-1.5K0.0097.63N/AN/A00522
2025-09-05$226.68$210.0022.1%6.1%20.0%9.7%0.0%2.8%-0.0%-9.0K176.5K-1.6K0.0094.80N/AN/A05522
2025-09-08$227.67$210.0021.0%5.8%20.0%7.6%0.0%3.8%-0.2%-9.4K165.9K-1.6K0.0095.59N/AN/A00522
2025-09-09$226.82$210.0023.1%6.0%20.2%11.7%0.0%5.6%-0.4%-8.9K173.6K-1.5K0.0099.37N/AN/A00522
2025-09-10$225.99$210.0020.7%5.9%18.3%7.0%0.0%2.1%0.1%-9.2K168.0K-1.5K0.0098.60N/AN/A00522
2025-09-11$230.63$210.0020.1%5.8%18.5%5.8%0.0%3.7%1.3%-10.1K150.0K-1.5K0.0098.59N/AN/A00522
2025-09-12$228.88$210.0019.8%5.7%18.0%5.2%0.0%2.2%0.7%-9.7K151.3K-1.5K0.00100.89N/AN/A00522
2025-09-15$229.49$210.0021.1%6.0%17.9%7.7%0.0%4.8%-0.4%-10.0K147.9K-1.5K0.0097.48N/AN/A00522
2025-09-16$229.51$210.0021.6%6.2%17.9%8.7%0.0%2.2%-0.1%-9.3K155.6K-1.5K0.0094.77N/AN/A00522
2025-09-17$230.88$210.0021.1%6.1%16.6%7.9%22.0%4.1%0.3%-10.1K138.9K-1.5K1.6797.30N/AN/A35522
2025-09-18$236.51$210.0020.3%5.8%18.1%6.2%0.0%5.5%0.0%-15.1K88.8K-1.6K0.0099.10N/AN/A00727
2025-09-19$236.01$210.0020.3%5.8%18.3%6.2%0.0%4.7%0.7%-12.5K78.7K-1.6K0.00100.80N/AN/A110727
2025-09-22$237.67$210.0021.3%6.1%14.4%8.3%0.0%4.8%-1.1%1.3K-30.1K-2.1K0.00101.56N/AN/A001722
2025-09-23$237.30$210.0020.6%5.9%13.7%6.9%0.0%2.6%-0.1%389-39.0K-2.1K0.00100.03N/AN/A001722
2025-09-24$233.40$210.0020.3%5.8%15.3%6.3%0.0%3.2%0.5%1.2K-9.7K-2.1K0.00100.08N/AN/A001722
2025-09-25$230.88$210.0022.1%6.3%15.8%9.7%0.0%2.9%-0.3%1.0K43.3K-2.1K0.0099.89N/AN/A001722
2025-09-26$232.86$210.0019.7%5.6%16.0%5.0%0.0%5.0%1.0%1.5K25.6K-2.0K0.00101.04N/AN/A001722
2025-09-29$233.59$210.0020.3%5.8%15.4%6.3%13.6%1.0%0.1%1.2K631-2.0K0.00101.34N/AN/A011722
2025-09-30$233.27$220.0019.4%5.6%15.3%4.4%0.0%4.3%1.0%83225.5K-2.0K0.00102.00N/AN/A001723