VWO Options History — February 2025

In February 2025, VWO traded between $44.14 and $46.44. ATM implied volatility averaged 17.3%, placing in the 29.5% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 4.3% (HV 20d: 13.0%). Max pain ranged from $43.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 1.08.

Notable Days

  • 2025-02-20: Highest Volume — 4,162 contracts
  • 2025-02-18: Largest IV spike — 47.1% change
  • 2025-02-26: Highest IV Rank — 60.6%
  • 2025-02-26: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.41$44.14$46.44$44.14$44.56
Max Pain$43.79$43.00$45.00$43.00$45.00
ATM IV17.3%14.6%24.2%18.3%18.6%
Expected Move5.0%4.2%6.9%5.2%5.3%
HV 20d13.0%11.5%15.1%14.1%14.7%
HV 60d14.0%13.4%15.4%15.3%14.8%
IV Rank29.5%17.5%60.6%34.0%35.5%
IV Percentile68.5%39.7%95.2%77.0%80.6%
Term Structure-1.9%-8.9%1.6%1.6%-2.0%
VWIV18.5%15.3%27.1%19.6%19.3%
Skew 25d0.0%-10.2%3.8%1.8%2.7%
Skew 10d3.8%-5.6%9.2%4.2%5.6%
Call IV 25d17.3%14.9%23.5%18.2%18.3%
Put IV 25d17.4%12.4%21.0%20.0%21.0%
Bid-Ask Spread %63.7925.8287.8532.7787.85
Gamma HHI0.200.150.270.150.17
Net GEX4.2M1.4M7.9M1.4M1.4M
Net DEX-16.1M-38.0M-2.0M-4.2M-2.0M
Net VEX-118.1K-130.5K-94.7K-127.8K-113.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.027.180.691.21
Total Volume793.842684,16220893
Total OI39,397.68433,43345,80538,74334,572

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$44.14$43.0018.3%5.2%14.1%34.0%19.6%1.8%1.6%1.4M-4.2M-127.8K0.6932.77N/AN/A1238527,48611,257
2025-02-04$44.84$43.0017.3%5.0%15.0%29.8%25.4%3.8%-0.4%2.8M-11.0M-130.5K2.5526.81N/AN/A35690927,46911,295
2025-02-05$44.66$43.0016.7%4.8%15.1%26.9%18.3%2.3%0.3%2.5M-9.0M-128.3K7.1825.82N/AN/A117927,73112,024
2025-02-06$44.80$43.0015.3%4.8%14.9%20.8%16.8%2.1%-0.4%2.5M-9.6M-124.8K0.4372.33N/AN/A1516527,74212,083
2025-02-07$44.86$43.0016.2%4.9%14.7%24.8%15.3%2.3%0.6%2.6M-9.5M-122.6K0.0270.91N/AN/A1,9423427,80912,140
2025-02-10$45.30$43.0016.5%5.0%12.9%26.1%15.7%2.9%-1.7%3.9M-15.1M-123.3K0.1770.08N/AN/A2143628,78812,161
2025-02-11$45.13$43.0016.5%4.9%12.5%25.9%16.4%0.7%-1.7%3.3M-12.9M-119.1K0.0561.77N/AN/A1,8299328,85812,190
2025-02-12$45.39$43.0016.8%4.8%12.0%27.4%15.4%2.4%-1.1%4.5M-16.7M-122.2K0.6371.79N/AN/A19012029,54812,268
2025-02-13$45.56$44.0016.0%4.6%11.6%23.7%15.8%2.7%0.1%4.9M-18.4M-119.4K0.1969.03N/AN/A1643129,58612,367
2025-02-14$45.88$44.0015.7%4.5%11.7%22.4%16.8%2.1%0.4%6.5M-25.1M-114.5K0.1766.76N/AN/A581029,69912,388
2025-02-18$46.08$44.0023.1%6.6%11.6%55.5%21.1%-7.8%-4.3%6.5M-27.7M-104.1K0.2271.37N/AN/A2816129,71012,389
2025-02-19$45.95$44.0016.4%4.7%11.5%25.7%16.7%3.0%-0.2%6.8M-24.3M-108.9K0.9276.40N/AN/A494529,83112,428
2025-02-20$46.44$44.0015.3%4.4%11.9%20.6%21.6%-7.8%-7.0%7.9M-28.6M-94.7K0.0278.12N/AN/A4,0729029,83612,457
2025-02-21$46.38$44.0017.5%5.0%11.9%30.4%17.6%0.4%-2.3%7.5M-38.0M-118.8K4.2274.62N/AN/A4822,03633,27012,535
2025-02-24$45.70$44.0016.3%4.7%13.3%25.3%17.4%2.4%-0.3%4.1M-15.7M-124.5K0.1469.15N/AN/A85712021,31212,121
2025-02-25$45.64$45.0016.9%4.8%11.7%27.8%18.1%2.8%-0.8%4.0M-14.9M-123.0K1.2476.98N/AN/A496122,14612,159
2025-02-26$46.13$45.0024.2%6.9%12.0%60.6%27.1%-7.9%-7.8%4.0M-17.0M-115.8K0.1451.70N/AN/A1171622,17812,218
2025-02-27$45.33$45.0014.6%4.2%13.9%17.5%16.7%-10.2%-8.9%2.2M-7.1M-107.7K0.3657.79N/AN/A1134122,28112,224
2025-02-28$44.56$45.0018.6%5.3%14.7%35.5%19.3%2.7%-2.0%1.4M-2.0M-113.8K1.2187.85N/AN/A425122,30712,265