VWO Options History — January 2025

In January 2025, VWO traded between $42.45 and $44.72. ATM implied volatility averaged 15.6%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 1.8% (HV 20d: 13.9%). Max pain ranged from $43.00 to $46.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 3.45.

Notable Days

  • 2025-01-17: Highest Volume — 4,257 contracts
  • 2025-01-13: Largest IV spike — 45.8% change
  • 2025-01-13: Highest IV Rank — 53.1%
  • 2025-01-30: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.86$42.45$44.72$43.91$44.44
Max Pain$43.80$43.00$46.00$46.00$43.00
ATM IV15.6%12.8%22.6%14.0%17.2%
Expected Move4.4%3.7%5.0%4.0%4.9%
HV 20d13.9%11.7%16.2%16.0%13.9%
HV 60d14.7%14.3%15.9%15.9%15.2%
IV Rank22.2%9.3%53.1%14.7%29.3%
IV Percentile53.9%16.7%94.0%32.1%73.0%
Term Structure1.5%-1.5%2.9%1.6%2.4%
VWIV15.1%12.4%17.1%12.4%17.1%
Skew 25d2.3%1.3%3.8%2.0%2.4%
Skew 10d5.6%2.6%11.3%7.0%4.6%
Call IV 25d14.5%11.6%16.2%13.8%16.2%
Put IV 25d16.8%14.5%18.6%15.8%18.6%
Bid-Ask Spread %52.7823.0474.7748.8330.18
Gamma HHI0.170.150.360.150.15
Net GEX179.6K-4.9M2.8M228.4K1.8M
Net DEX2.0M-11.9M19.8M3.2M-6.9M
Net VEX-124.5K-139.7K-103.3K-138.3K-131.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.450.0339.880.050.09
Total Volume785.2614,25710997
Total OI39,639.4535,69842,58739,85238,689

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$43.91$46.0014.0%4.0%16.0%14.7%12.4%2.0%1.6%228.4K3.2M-138.3K0.0548.83N/AN/A104526,71113,141
2025-01-03$44.14$45.0012.8%3.7%16.2%9.3%12.7%2.9%1.7%522.7K-2.0M-138.2K0.2247.90N/AN/A1804026,76712,427
2025-01-06$44.14$45.0013.9%4.3%15.8%14.4%14.4%3.2%2.4%646.9K-2.5M-132.2K0.8473.42N/AN/A564726,90512,455
2025-01-07$43.88$45.0014.5%4.4%15.8%17.2%15.9%2.3%1.4%-7.3K861.5K-126.8K39.8874.77N/AN/A1034,10826,93412,491
2025-01-08$43.59$45.0014.9%4.4%12.3%18.8%14.6%2.9%1.3%-752.1K7.4M-129.9K0.6072.61N/AN/A1348127,00314,595
2025-01-10$42.79$45.0015.5%4.5%12.4%21.4%16.4%2.9%1.8%-1.3M16.3M-112.3K0.8369.92N/AN/A33928127,09514,623
2025-01-13$42.45$44.0022.6%4.8%12.3%53.1%15.3%3.2%1.5%-1.6M19.8M-104.5K0.5966.50N/AN/A1679827,31514,718
2025-01-14$42.98$44.0019.2%4.9%13.7%38.2%16.0%2.9%0.8%-1.1M14.2M-111.8K0.0863.28N/AN/A1911527,36114,732
2025-01-15$43.48$44.0016.1%4.6%14.8%24.4%15.1%3.8%1.4%-1.6M10.7M-105.7K0.1256.87N/AN/A3644227,41214,742
2025-01-16$43.52$43.0014.7%4.2%14.8%18.0%15.2%2.3%1.1%-509.1K11.3M-103.7K0.4663.37N/AN/A28413127,67614,757
2025-01-17$43.83$43.0015.3%4.4%15.3%20.7%17.0%1.7%1.5%-4.9M7.4M-103.3K22.9256.29N/AN/A1784,07927,76314,824
2025-01-21$44.22$43.0015.2%4.3%13.6%20.0%14.9%1.4%1.2%1.3M-3.6M-132.6K0.1452.43N/AN/A1,37219124,67111,027
2025-01-22$44.20$43.0014.9%4.3%13.3%18.8%14.3%2.1%2.8%1.3M-3.4M-131.6K0.0756.91N/AN/A2872025,92211,079
2025-01-23$44.31$43.0014.4%4.1%11.7%16.8%14.4%1.7%2.9%1.5M-4.3M-131.9K1.2455.60N/AN/A637826,19611,093
2025-01-24$44.55$43.0013.8%3.9%11.8%13.8%14.7%1.3%1.5%2.1M-9.0M-139.7K0.0350.24N/AN/A1,9785326,24611,167
2025-01-27$43.84$43.0015.7%4.5%13.1%22.5%15.3%2.7%0.4%971.6K-827.2K-126.2K0.1527.02N/AN/A1131727,26011,215
2025-01-28$44.11$43.0014.7%4.2%13.3%17.9%14.4%1.4%2.5%932.3K-1.8M-120.4K0.2523.04N/AN/A1223027,32211,224
2025-01-29$44.19$43.0016.0%4.6%13.2%23.8%15.6%1.9%1.0%1.4M-4.2M-128.6K0.3043.08N/AN/A471427,34811,251
2025-01-30$44.72$43.0017.4%5.0%13.7%30.1%17.1%2.0%-1.5%2.8M-11.9M-139.6K0.2223.43N/AN/A1603527,37111,261
2025-01-31$44.44$43.0017.2%4.9%13.9%29.3%17.1%2.4%2.4%1.8M-6.9M-131.9K0.0930.18N/AN/A89827,43811,251