VWO Options History — November 2025

In November 2025, VWO traded between $53.14 and $55.36. ATM implied volatility averaged 19.4%, placing in the 13.1% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 5.9% (HV 20d: 13.4%). Max pain ranged from $49.00 to $53.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 7.65.

Notable Days

  • 2025-11-21: Highest Volume — 5,610 contracts
  • 2025-11-18: Largest IV spike — 21.1% change
  • 2025-11-19: Highest IV Rank — 28.1%
  • 2025-11-19: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.40$53.14$55.36$55.09$54.25
Max Pain$51.26$49.00$53.00$52.00$53.00
ATM IV19.4%16.9%27.5%17.2%18.0%
Expected Move5.6%4.8%7.9%4.9%5.2%
HV 20d13.4%11.1%19.8%19.3%11.4%
HV 60d13.8%13.5%13.9%13.6%13.9%
IV Rank13.1%8.6%28.1%9.1%10.6%
IV Percentile77.3%64.3%98.0%65.5%70.2%
Term Structure-1.4%-4.7%1.9%1.9%-2.0%
VWIV19.8%13.5%33.4%16.3%17.3%
Skew 25d3.3%0.8%7.0%2.6%1.2%
Skew 10d8.3%1.7%18.8%6.3%18.8%
Call IV 25d16.8%11.5%19.1%15.6%16.0%
Put IV 25d20.0%17.2%25.0%18.2%17.2%
Bid-Ask Spread %97.7892.04107.92101.3095.55
Gamma HHI0.140.130.180.130.13
Net GEX925.6K-921.2K2.3M1.8M3.8K
Net DEX-5.9M-18.9M9.9M-18.9M4.3M
Net VEX-93.4K-108.2K-83.5K-101.6K-93.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.650.0446.800.044.91
Total Volume1,090.105205,610267272
Total OI24,513.73722,47628,12422,47625,358

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$55.09$52.0017.2%4.9%19.3%9.1%16.3%2.6%1.9%1.8M-18.9M-101.6K0.04101.30N/AN/A2571010,29712,179
2025-11-04$54.41$52.0018.3%5.3%19.7%11.2%18.9%2.4%1.0%1.2M-14.6M-108.2K0.1096.66N/AN/A83810,40312,184
2025-11-05$54.88$52.0017.1%4.9%19.8%8.9%16.6%3.2%0.2%1.6M-17.3M-98.0K0.0795.44N/AN/A40310,43612,191
2025-11-06$54.66$49.0016.9%5.2%19.6%8.6%33.4%0.8%-2.7%1.6M-17.3M-97.4K20.4499.17N/AN/A641,30810,42612,194
2025-11-07$54.45$50.0018.1%5.8%15.0%10.7%13.5%2.8%-2.2%1.3M-11.1M-86.6K7.96102.00N/AN/A5644610,42612,870
2025-11-10$55.28$50.0018.0%5.6%13.2%10.7%21.7%5.8%-1.8%2.0M-15.8M-83.5K0.27106.72N/AN/A711910,43713,109
2025-11-11$55.36$50.0017.1%4.8%12.4%9.0%18.4%6.3%1.2%2.3M-17.0M-84.6K0.1499.63N/AN/A1201710,44313,110
2025-11-12$55.30$50.0018.5%5.3%11.2%11.6%21.1%1.0%-0.8%2.3M-16.5M-83.5K1.00106.54N/AN/A101010,46613,111
2025-11-13$54.88$50.0018.8%5.4%11.5%12.1%24.5%2.8%-0.7%2.0M-13.1M-86.1K0.3192.40N/AN/A2708410,46413,117
2025-11-14$54.80$50.0018.2%5.2%11.5%10.9%20.1%2.2%0.3%1.9M-11.7M-85.4K46.8094.91N/AN/A924,30610,52513,160
2025-11-17$54.16$52.0021.1%6.0%11.5%16.3%21.7%3.2%1.4%769.1K-4.5M-96.6K11.0392.35N/AN/A941,03710,54815,263
2025-11-18$54.09$52.0025.5%7.3%11.2%24.5%20.1%4.6%-2.7%532.3K140.8K-91.9K0.1794.18N/AN/A1,90632610,59415,875
2025-11-19$53.92$52.0027.5%7.9%11.2%28.1%19.5%2.6%-3.4%403.4K1.9M-92.6K22.21107.92N/AN/A4395511,47916,110
2025-11-20$53.33$52.0021.9%6.3%11.3%17.8%20.3%7.0%-2.8%-343.6K7.7M-99.1K4.2395.20N/AN/A2611011,50616,574
2025-11-21$53.14$52.0020.4%5.8%11.1%15.0%20.2%4.3%-4.7%-902.8K9.7M-88.4K19.1192.04N/AN/A2795,33111,51716,607
2025-11-24$53.61$52.0018.6%5.3%11.2%11.8%17.9%3.6%-1.1%-921.2K9.9M-92.5K0.1094.18N/AN/A1,9892008,37914,472
2025-11-25$53.84$52.0018.6%5.3%11.4%11.8%17.7%1.7%-3.7%-186.4K7.5M-103.9K3.9094.45N/AN/A6123810,29514,578
2025-11-26$54.16$52.0018.1%5.2%11.7%10.7%17.1%4.0%-4.7%167.1K4.9M-101.2K2.6197.19N/AN/A15841310,31314,745
2025-11-28$54.25$53.0018.0%5.2%11.4%10.6%17.3%1.2%-2.0%3.8K4.3M-93.0K4.9195.55N/AN/A4622610,38214,976