VWO Options History — April 2025

In April 2025, VWO traded between $39.56 and $45.47. ATM implied volatility averaged 25.3%, placing in the 33.2% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded below realized volatility by 11.5% (HV 20d: 36.7%). Max pain ranged from $43.00 to $45.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 2.52.

Notable Days

  • 2025-04-16: Highest Volume — 4,538 contracts
  • 2025-04-04: Largest IV spike — 74.6% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-07: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.60$39.56$45.47$45.36$45.25
Max Pain$43.67$43.00$45.00$45.00$43.00
ATM IV25.3%17.1%66.4%18.0%19.2%
Expected Move6.3%4.8%10.5%4.8%5.5%
HV 20d36.7%16.2%43.5%18.9%42.9%
HV 60d25.2%16.0%28.2%16.0%28.0%
IV Rank33.2%11.5%100.0%32.7%15.4%
IV Percentile84.9%57.9%100.0%70.2%75.8%
Term Structure-0.1%-8.0%12.4%-1.8%-0.4%
VWIV22.3%16.5%37.9%16.5%19.4%
Skew 25d5.2%-2.4%15.8%2.7%3.6%
Skew 10d12.1%-2.7%30.1%3.4%10.3%
Call IV 25d20.1%11.0%31.7%17.0%17.4%
Put IV 25d25.3%18.6%41.8%19.8%21.1%
Bid-Ask Spread %82.8352.49122.5471.1166.55
Gamma HHI0.170.150.190.180.15
Net GEX176.5K-1.0M1.7M1.3M1.7M
Net DEX2.6M-11.1M25.0M-8.6M-11.1M
Net VEX-135.8K-154.2K-112.1K-147.8K-138.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.520.0139.520.510.04
Total Volume631.952524,538115759
Total OI29,484.52427,50530,62328,80630,623

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$45.36$45.0018.0%4.8%18.9%32.7%16.5%2.7%-1.8%1.3M-8.6M-147.8K0.5171.11N/AN/A763917,13611,670
2025-04-02$45.47$45.0020.1%5.0%16.2%42.0%17.2%2.6%-0.1%1.4M-9.8M-154.2K1.3669.81N/AN/A223017,20311,684
2025-04-03$44.66$45.0020.3%5.2%17.3%43.3%18.2%3.1%-0.4%679.7K-4.4M-144.6K0.3280.46N/AN/A1063417,21011,705
2025-04-04$42.30$45.0035.5%6.1%25.4%100.0%23.5%3.9%12.4%-456.5K11.4M-146.5K0.49116.35N/AN/A30014717,22111,729
2025-04-07$40.38$45.0054.1%10.5%28.8%100.0%37.9%4.1%-8.0%-603.5K19.7M-129.8K3.05102.59N/AN/A13541217,35511,810
2025-04-08$39.56$45.0066.4%9.5%28.5%100.0%28.6%10.1%-0.5%-784.8K25.0M-112.1K0.8683.35N/AN/A52445017,32712,190
2025-04-09$42.55$45.0021.5%6.2%40.2%19.4%33.2%13.3%-4.1%-1.0M13.7M-121.4K0.08119.94N/AN/A5294017,21512,097
2025-04-10$41.64$43.0023.4%6.7%40.7%22.9%26.4%-2.4%6.5%-834.6K17.3M-127.6K1.16122.54N/AN/A252917,43912,103
2025-04-11$43.08$43.0025.2%7.2%42.3%26.1%25.6%8.1%-2.7%-520.7K7.9M-137.2K0.0496.49N/AN/A75317,45912,116
2025-04-14$43.66$43.0022.0%6.3%42.2%20.4%22.2%5.0%-1.6%-334.0K1.8M-125.6K0.5794.61N/AN/A1025817,50212,118
2025-04-15$43.55$43.0020.6%5.9%42.2%17.8%20.8%8.2%0.5%-499.6K5.0M-121.4K0.5287.63N/AN/A904717,52012,148
2025-04-16$42.95$43.0022.7%6.5%42.2%21.7%21.5%15.8%-0.6%-699.0K7.9M-118.2K39.5296.25N/AN/A1124,42617,50212,153
2025-04-17$43.42$43.0021.9%6.3%42.5%20.2%19.9%0.6%0.6%-591.8K6.0M-135.2K0.0494.60N/AN/A2821217,56912,319
2025-04-21$43.33$43.0024.0%6.9%42.5%24.0%20.5%7.1%-2.1%-584.8K6.5M-136.9K0.0161.14N/AN/A1,338815,50512,000
2025-04-22$44.09$43.0021.8%6.2%43.0%19.9%19.1%5.9%-1.1%61.6K189.1K-146.5K0.0264.08N/AN/A1,2262916,77912,004
2025-04-23$44.45$43.0021.2%6.1%43.2%18.9%22.0%3.8%-0.9%736.3K-4.5M-148.9K1.1470.04N/AN/A12514317,90512,007
2025-04-24$45.05$43.0019.7%5.7%43.5%16.2%18.9%4.1%-0.5%1.2M-7.9M-147.9K0.0652.49N/AN/A1921118,00212,136
2025-04-25$44.84$43.0017.1%4.9%43.4%11.5%20.1%2.0%1.1%1.0M-6.5M-137.9K2.7462.93N/AN/A22662018,08512,146
2025-04-28$44.95$43.0018.4%5.3%42.9%13.9%19.1%3.8%0.1%1.2M-6.7M-136.3K0.3159.49N/AN/A1093418,05912,128
2025-04-29$45.13$43.0017.2%4.9%42.9%11.8%17.3%3.0%0.7%1.5M-9.2M-137.6K0.0567.05N/AN/A3281818,15712,139
2025-04-30$45.25$43.0019.2%5.5%42.9%15.4%19.4%3.6%-0.4%1.7M-11.1M-138.3K0.0466.55N/AN/A7283118,47612,147