VWO Options History — March 2025

In March 2025, VWO traded between $44.22 and $46.75. ATM implied volatility averaged 19.2%, placing in the 38.0% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 0.2% (HV 20d: 19.4%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 2.38.

Notable Days

  • 2025-03-25: Highest Volume — 6,527 contracts
  • 2025-03-10: Largest IV spike — 35.4% change
  • 2025-03-03: Highest IV Rank — 79.1%
  • 2025-03-11: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.75$44.22$46.75$44.22$45.27
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV19.2%15.1%28.4%28.4%18.2%
Expected Move5.8%4.4%10.3%8.1%4.8%
HV 20d19.4%14.8%21.2%14.8%19.5%
HV 60d15.8%14.8%16.5%14.8%16.0%
IV Rank38.0%19.8%79.1%79.1%33.8%
IV Percentile76.5%42.5%98.4%98.4%72.2%
Term Structure-1.1%-10.4%3.9%-10.4%-1.5%
VWIV20.3%14.8%32.2%24.6%16.3%
Skew 25d2.1%-10.7%4.3%-10.7%2.9%
Skew 10d6.3%-6.5%13.1%-6.5%1.3%
Call IV 25d17.7%14.8%25.4%25.4%17.0%
Put IV 25d19.9%14.7%23.3%14.7%19.9%
Bid-Ask Spread %64.0524.75107.7947.6075.08
Gamma HHI0.230.130.430.160.17
Net GEX3.2M-347.2K8.7M-347.2K1.2M
Net DEX-11.8M-28.6M4.7M4.7M-7.2M
Net VEX-105.1K-156.2K-75.6K-88.7K-148.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.380.0123.410.070.10
Total Volume1,069.762426,527145180
Total OI33,211.90520,40439,49834,63128,666

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$44.22$45.0028.4%8.1%14.8%79.1%24.6%-10.7%-10.4%-347.2K4.7M-88.7K0.0747.60N/AN/A1351022,32612,305
2025-03-04$44.83$45.0019.1%5.5%15.4%37.5%19.9%3.0%-1.5%1.8M-3.8M-102.6K0.2168.04N/AN/A851822,34412,306
2025-03-05$46.06$45.0019.9%5.7%17.3%41.1%20.2%2.7%-0.5%4.7M-20.4M-121.0K0.0724.75N/AN/A4473022,38212,318
2025-03-06$45.80$45.0021.2%6.1%17.4%46.9%20.6%2.6%-4.8%4.0M-17.2M-110.8K0.3157.15N/AN/A321022,69312,370
2025-03-07$45.94$45.0017.7%5.1%17.4%31.4%20.2%2.8%3.9%4.5M-18.5M-105.1K3.6676.02N/AN/A3813922,71312,373
2025-03-10$44.84$45.0024.0%6.9%19.6%59.4%24.8%3.9%-0.8%1.6M-2.7M-95.0K0.8555.61N/AN/A342922,73612,465
2025-03-11$45.36$45.0020.9%10.3%19.7%45.7%27.5%4.2%-1.3%2.3M-8.3M-102.7K0.1039.93N/AN/A1011022,74412,479
2025-03-12$45.41$45.0020.3%4.9%19.6%42.8%24.9%3.9%-1.4%854.0K-3.7M-75.6K0.2035.78N/AN/A1613322,77912,486
2025-03-13$45.25$45.0020.3%9.8%19.6%42.8%32.2%3.2%-1.3%1.7M-5.5M-90.4K0.0639.82N/AN/A2851822,78712,489
2025-03-14$46.05$45.0018.9%6.0%20.5%36.5%25.3%4.3%0.1%5.0M-15.4M-92.2K0.0140.76N/AN/A1,9481623,01212,485
2025-03-17$46.75$45.0018.8%5.3%21.1%36.4%18.5%3.3%-0.0%8.7M-28.6M-93.2K0.2466.80N/AN/A3438323,95312,497
2025-03-18$46.58$45.0019.5%5.3%21.1%39.6%22.7%3.7%-1.0%7.7M-24.1M-88.9K23.4162.72N/AN/A1754,09724,12012,550
2025-03-19$46.73$45.0018.2%5.2%21.1%33.7%17.3%3.0%-0.3%8.3M-22.0M-89.5K0.0168.76N/AN/A1,037824,22214,576
2025-03-20$46.27$45.0018.9%5.1%21.1%36.6%17.9%1.8%-1.3%4.1M-13.0M-84.8K0.0769.33N/AN/A4172924,91814,580
2025-03-21$45.95$45.0016.9%4.8%21.2%27.7%17.3%2.9%-0.2%4.6M-7.5M-84.3K18.0772.27N/AN/A2063,72324,23014,591
2025-03-24$46.14$45.0018.4%4.5%20.6%34.5%14.8%0.0%-1.7%969.6K-7.8M-90.0K0.01107.46N/AN/A1,650139,00111,403
2025-03-25$46.08$45.0015.1%4.4%20.6%19.8%15.2%2.0%0.6%1.4M-8.7M-81.0K0.03107.79N/AN/A6,34618110,64111,407
2025-03-26$45.80$45.0016.0%4.4%20.3%23.8%16.0%1.7%-0.5%1.8M-13.1M-156.2K2.1575.75N/AN/A337116,86311,564
2025-03-27$46.13$45.0015.9%4.5%19.4%23.5%14.8%2.5%-0.2%2.1M-15.5M-155.2K0.0978.11N/AN/A79716,87811,635
2025-03-28$45.23$45.0016.1%4.6%19.8%24.4%15.8%1.2%0.3%1.2M-8.8M-151.7K0.2275.57N/AN/A1703816,92411,639
2025-03-31$45.27$45.0018.2%4.8%19.5%33.8%16.3%2.9%-1.5%1.2M-7.2M-148.7K0.1075.08N/AN/A1641617,00611,660