VTWG Options History — December 2025

In December 2025, VTWG traded between $235.73 and $248.03. ATM implied volatility averaged 19.2%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded below realized volatility by 3.5% (HV 20d: 22.7%). Max pain ranged from $189.00 to $245.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-12-04: Highest Volume — 9 contracts
  • 2025-12-03: Largest IV drop — 14.1% change
  • 2025-12-09: Highest IV Rank — 12.7%
  • 2025-12-02: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$241.07$235.73$248.03$235.93$236.24
Max Pain$235.12$189.00$245.00$189.00$245.00
ATM IV19.2%16.1%23.6%22.3%17.3%
Expected Move5.4%4.6%6.5%6.4%5.0%
HV 20d22.7%16.9%27.9%27.9%17.1%
HV 60d22.2%21.9%22.4%22.0%22.4%
IV Rank4.6%0.0%12.7%10.1%2.3%
IV Percentile19.0%0.0%70.6%54.4%2.0%
Term Structure0.9%-1.8%3.1%-1.3%0.6%
VWIV19.2%17.1%20.7%20.7%19.7%
Skew 25d3.9%-1.8%10.8%7.3%5.8%
Skew 10d4.2%1.5%10.1%5.2%2.8%
Call IV 25d15.2%11.2%19.9%15.7%13.4%
Put IV 25d19.1%13.6%23.7%23.0%19.1%
Bid-Ask Spread %99.0172.30112.25103.47112.15
Gamma HHI0.310.250.410.250.29
Net GEX25.7K-9.5K72.0K29.4K-9.5K
Net DEX-165.6K-486.1K88.5K-145.4K88.5K
Net VEX-2.0K-2.4K-1.7K-2.4K-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.9550912
Total OI56.72742656442

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$235.93$189.0022.3%6.4%27.9%10.1%0.0%7.3%-1.3%29.4K-145.4K-2.4K0.00103.47N/AN/A103826
2025-12-02$236.40$189.0022.5%6.5%27.7%10.6%0.0%3.9%-1.8%31.6K-168.1K-2.4K0.00102.84N/AN/A003926
2025-12-03$239.62$189.0019.4%5.6%27.5%4.4%0.0%10.8%-0.2%37.1K-212.2K-2.4K0.00103.71N/AN/A003926
2025-12-04$243.39$0.0021.1%5.7%27.5%7.8%0.0%3.0%1.8%36.4K-346.4K-2.4K0.0072.30N/AN/A903926
2025-12-05$241.84$0.0021.4%5.8%26.3%8.3%0.0%3.8%1.0%38.4K-333.5K-2.3K0.0085.27N/AN/A003926
2025-12-08$242.49$0.0023.5%6.0%26.2%12.5%0.0%4.0%0.6%39.7K-332.3K-2.3K0.0086.94N/AN/A003926
2025-12-09$242.90$0.0023.6%5.8%25.6%12.7%0.0%3.8%0.8%39.9K-348.7K-2.2K0.0087.73N/AN/A403926
2025-12-10$245.30$0.0020.6%5.9%25.7%6.8%20.7%7.6%0.8%41.0K-384.0K-2.2K0.0086.91N/AN/A203826
2025-12-11$248.03$245.0018.7%5.4%25.9%3.0%0.0%8.4%1.2%51.2K-486.1K-2.1K0.0090.39N/AN/A203826
2025-12-12$243.51$245.0019.2%5.5%22.5%4.1%0.0%2.1%1.0%45.7K-334.8K-2.1K0.0090.91N/AN/A003626
2025-12-15$240.72$245.0018.2%5.2%23.1%2.0%0.0%3.2%1.6%52.8K-248.9K-2.0K0.0099.08N/AN/A003626
2025-12-16$240.21$245.0019.1%5.5%21.7%3.8%0.0%7.3%1.3%43.6K-164.3K-2.0K0.00100.10N/AN/A003626
2025-12-17$235.73$245.0019.1%5.5%23.1%3.9%0.0%-0.4%3.1%14.7K-22.0K-1.9K0.0099.67N/AN/A003626
2025-12-18$238.60$245.0018.3%5.2%23.3%2.3%0.0%4.6%0.6%39.7K-78.0K-1.9K0.00102.68N/AN/A003626
2025-12-19$241.50$245.0017.7%5.1%21.2%1.1%0.0%2.9%1.4%72.0K-177.8K-1.9K0.00107.43N/AN/A003626
2025-12-22$244.44$245.0017.3%5.0%19.8%0.4%17.1%5.0%0.7%-5.6K-29.9K-1.8K0.00103.67N/AN/A101626
2025-12-23$243.36$245.0016.8%4.8%18.8%0.0%0.0%3.1%1.1%-6.0K-10.7K-1.8K0.00108.53N/AN/A001626
2025-12-24$243.44$245.0016.2%4.6%17.5%0.0%0.0%-0.4%1.5%-6.1K-4.6K-1.8K0.00103.10N/AN/A001626
2025-12-26$241.88$245.0017.2%4.9%17.1%2.1%0.0%-1.8%1.3%-6.5K13.3K-1.8K0.00108.14N/AN/A001626
2025-12-29$240.05$245.0017.8%5.1%17.3%3.1%0.0%-0.7%0.5%-7.1K30.3K-1.7K0.00111.02N/AN/A001626
2025-12-30$238.03$245.0016.1%4.6%16.9%0.0%0.0%3.5%1.0%-8.0K51.4K-1.7K0.00112.25N/AN/A001626
2025-12-31$236.24$245.0017.3%5.0%17.1%2.3%19.7%5.8%0.6%-9.5K88.5K-1.7K0.00112.15N/AN/A021626