VWO Options History — July 2025

In July 2025, VWO traded between $49.39 and $51.22. ATM implied volatility averaged 14.2%, placing in the 4.7% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 2.7% (HV 20d: 11.5%). Max pain ranged from $46.00 to $48.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 4.00.

Notable Days

  • 2025-07-18: Highest Volume — 6,023 contracts
  • 2025-07-07: Largest IV spike — 15.2% change
  • 2025-07-07: Highest IV Rank — 10.0%
  • 2025-07-07: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.16$49.39$51.22$49.67$49.86
Max Pain$47.41$46.00$48.00$46.00$48.00
ATM IV14.2%13.2%16.3%13.4%14.2%
Expected Move4.1%3.8%4.5%3.8%4.1%
HV 20d11.5%7.1%14.6%14.1%8.9%
HV 60d14.5%11.4%26.6%26.6%11.4%
IV Rank4.7%1.3%10.0%4.9%3.0%
IV Percentile16.4%2.4%47.2%10.7%15.5%
Term Structure0.3%-3.2%1.2%0.9%0.0%
VWIV14.9%13.0%18.2%15.2%18.2%
Skew 25d2.0%-1.2%3.4%1.4%1.5%
Skew 10d5.9%-4.0%13.9%8.4%4.1%
Call IV 25d13.6%11.2%14.8%13.7%14.4%
Put IV 25d15.7%10.0%17.5%15.2%15.9%
Bid-Ask Spread %78.5452.3598.9767.7966.61
Gamma HHI0.340.290.400.330.34
Net GEX4.3M3.2M5.2M4.3M3.8M
Net DEX-38.1M-45.4M-28.0M-36.7M-28.0M
Net VEX-128.6K-143.6K-118.1K-133.1K-132.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.000.0155.580.280.10
Total Volume781.955346,023206154
Total OI27,472.86425,51429,42427,24926,750

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$49.67$46.0013.4%3.8%14.1%4.9%15.2%1.4%0.9%4.3M-36.7M-133.1K0.2867.79N/AN/A1614515,39911,850
2025-07-02$49.75$46.0013.3%3.8%14.1%4.8%14.1%2.3%1.1%4.5M-37.7M-129.3K1.6788.12N/AN/A274515,50711,867
2025-07-03$49.97$47.0014.1%4.1%13.8%6.2%15.3%2.9%-1.1%4.8M-41.0M-126.6K0.1896.47N/AN/A1172115,51511,870
2025-07-07$49.39$47.0016.3%4.5%14.6%10.0%16.3%2.5%0.5%4.3M-33.5M-127.5K1.3693.79N/AN/A17824215,48311,863
2025-07-08$49.61$47.0014.5%4.2%14.6%6.9%14.9%2.7%-0.1%4.8M-36.7M-123.1K0.2492.06N/AN/A501215,58711,883
2025-07-09$49.61$47.0015.2%4.4%14.4%7.4%15.4%2.6%-3.2%5.1M-36.3M-119.7K0.0198.97N/AN/A175215,59411,894
2025-07-10$49.69$47.0014.1%4.0%14.3%5.2%14.2%2.0%0.6%5.1M-36.4M-120.4K0.0274.06N/AN/A48115,64611,895
2025-07-11$49.61$47.0013.4%3.8%14.3%4.0%13.4%-1.2%0.1%5.2M-36.6M-118.1K55.5881.64N/AN/A573,16815,67511,892
2025-07-14$49.64$47.0013.6%3.9%14.3%4.0%14.4%1.3%0.8%5.1M-35.0M-122.8K0.5070.78N/AN/A1537615,71913,431
2025-07-15$50.03$47.0014.5%4.1%12.9%5.5%14.9%1.6%0.2%5.0M-39.4M-121.6K0.1076.87N/AN/A1781815,74313,506
2025-07-16$50.22$47.0015.4%4.4%12.4%7.3%17.3%2.9%0.2%4.9M-42.0M-120.8K22.1081.47N/AN/A1763,89015,83413,517
2025-07-17$50.55$48.0014.4%4.1%11.6%5.1%16.9%3.4%0.4%4.9M-44.8M-123.0K0.0183.65N/AN/A641915,87113,212
2025-07-18$50.47$48.0013.8%4.0%11.5%4.1%13.0%2.3%1.2%3.4M-44.9M-119.6K1.8889.60N/AN/A2,0883,93516,21713,207
2025-07-21$50.74$48.0013.9%4.0%10.1%4.0%14.0%1.2%1.1%3.2M-38.7M-137.4K0.0379.00N/AN/A9352714,54910,965
2025-07-22$50.75$48.0014.3%4.1%10.0%4.6%14.5%1.9%0.3%3.5M-39.2M-143.6K1.8052.35N/AN/A498815,46910,989
2025-07-23$51.22$48.0013.9%4.0%7.1%2.5%14.2%2.9%0.5%3.7M-45.4M-131.8K0.2374.08N/AN/A831915,49811,067
2025-07-24$51.02$48.0013.6%3.9%7.4%1.9%13.6%1.5%1.0%3.6M-42.6M-137.0K0.1369.59N/AN/A1081415,55111,079
2025-07-25$50.81$48.0013.2%3.8%7.6%1.3%15.9%2.2%1.2%3.9M-40.8M-134.4K0.0659.95N/AN/A32215,58911,083
2025-07-28$50.41$48.0014.5%4.2%8.2%3.8%14.3%2.1%-0.4%3.8M-35.7M-138.1K1.1074.19N/AN/A303315,59911,085
2025-07-29$50.47$48.0014.9%4.3%8.2%4.3%14.4%2.6%0.1%4.0M-36.6M-136.3K0.4666.93N/AN/A281315,61411,110
2025-07-30$50.03$48.0013.9%4.0%8.8%2.5%14.2%2.3%0.4%3.7M-31.1M-133.2K0.1489.87N/AN/A66915,61711,112
2025-07-31$49.86$48.0014.2%4.1%8.9%3.0%18.2%1.5%0.0%3.8M-28.0M-132.7K0.1066.61N/AN/A1401415,63211,118