VTWG Options History — November 2025

In November 2025, VTWG traded between $220.05 and $239.52. ATM implied volatility averaged 23.4%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 0.3% (HV 20d: 23.7%). Max pain ranged from $189.00 to $245.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-11-18: Highest Volume — 18 contracts
  • 2025-11-06: Largest IV spike — 14.2% change
  • 2025-11-20: Highest IV Rank — 21.1%
  • 2025-11-20: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$232.35$220.05$239.52$239.52$239.11
Max Pain$197.84$189.00$245.00$245.00$189.00
ATM IV23.4%19.3%27.8%23.5%20.8%
Expected Move6.7%5.5%8.0%6.7%6.0%
HV 20d23.7%20.5%27.9%22.1%27.8%
HV 60d20.2%19.0%21.9%19.1%21.8%
IV Rank12.3%4.3%21.1%12.5%7.2%
IV Percentile61.9%11.9%87.7%69.8%31.7%
Term Structure-0.7%-2.9%2.4%0.1%-0.6%
VWIV17.7%14.0%21.4%21.4%14.0%
Skew 25d5.9%3.2%9.6%7.7%5.5%
Skew 10d11.8%0.8%18.5%6.9%3.4%
Call IV 25d20.1%16.1%24.4%17.3%16.3%
Put IV 25d26.0%21.8%30.7%25.0%21.8%
Bid-Ask Spread %98.3592.94104.0092.94104.00
Gamma HHI0.240.200.270.260.27
Net GEX19.0K2.6K31.8K25.7K31.3K
Net DEX-64.3K-219.7K184.1K-219.0K-219.7K
Net VEX-2.2K-2.5K-2.0K-2.3K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.57901800
Total OI62.63256755664

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$239.52$245.0023.5%6.7%22.1%12.5%0.0%7.7%0.1%25.7K-219.0K-2.3K0.0092.94N/AN/A003521
2025-11-04$235.62$245.0022.1%6.3%22.7%9.8%0.0%5.8%0.4%21.7K-178.6K-2.3K0.0098.98N/AN/A003521
2025-11-05$239.46$245.0021.0%6.0%23.2%7.6%0.0%7.0%2.4%29.1K-206.6K-2.3K0.0099.64N/AN/A003521
2025-11-06$234.20$189.0024.0%6.7%24.5%13.5%21.4%3.2%-0.8%21.6K-121.3K-2.2K0.0096.70N/AN/A203521
2025-11-07$233.73$189.0023.5%6.7%22.7%12.5%0.0%4.5%-0.6%20.1K-83.5K-2.2K0.0095.38N/AN/A013621
2025-11-10$237.76$189.0020.4%6.4%21.4%6.5%0.0%4.1%-0.0%28.3K-166.7K-2.2K0.0097.75N/AN/A003622
2025-11-11$236.86$189.0022.5%6.5%21.2%10.5%0.0%4.2%0.1%26.2K-139.9K-2.2K0.0098.58N/AN/A303622
2025-11-12$236.37$189.0022.6%6.5%20.5%10.6%0.0%3.3%-0.0%27.4K-171.7K-2.3K0.0099.90N/AN/A003922
2025-11-13$227.52$189.0023.8%6.8%23.4%13.1%0.0%4.7%-0.2%9.8K10.8K-2.1K0.0097.93N/AN/A103922
2025-11-14$228.19$189.0022.9%6.6%23.4%11.3%0.0%4.1%-0.4%12.1K-8.4K-2.1K0.0096.24N/AN/A004022
2025-11-17$223.76$189.0025.6%7.3%23.0%16.6%0.0%5.1%-2.1%5.8K71.3K-2.0K0.0097.77N/AN/A044022
2025-11-18$224.84$189.0026.1%7.5%23.2%17.6%14.0%9.6%-2.5%3.7K129.8K-2.1K0.0097.38N/AN/A1804026
2025-11-19$225.41$189.0025.5%7.3%22.6%16.5%0.0%6.5%-1.8%9.5K98.7K-2.2K0.0099.21N/AN/A004926
2025-11-20$220.05$189.0027.8%8.0%23.0%21.1%0.0%7.7%-2.3%2.6K184.1K-2.0K0.0098.75N/AN/A004926
2025-11-21$225.97$189.0026.0%7.5%24.7%17.5%0.0%7.6%-2.5%11.1K54.2K-2.3K0.0096.17N/AN/A014926
2025-11-24$231.09$189.0024.7%7.1%26.2%14.9%0.0%8.7%-2.9%17.9K28.6K-2.3K0.0099.99N/AN/A003826
2025-11-25$235.97$189.0022.3%6.4%27.5%10.1%0.0%4.6%-0.6%26.0K-97.9K-2.5K0.0099.82N/AN/A003826
2025-11-26$239.22$189.0019.3%5.5%27.9%4.3%0.0%7.3%0.2%31.8K-186.2K-2.5K0.00101.48N/AN/A003826
2025-11-28$239.11$189.0020.8%6.0%27.8%7.2%0.0%5.5%-0.6%31.3K-219.7K-2.5K0.00104.00N/AN/A003826