VWO Options History — December 2025

In December 2025, VWO traded between $53.14 and $54.64. ATM implied volatility averaged 15.2%, placing in the 5.8% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 5.6% (HV 20d: 9.6%). Max pain ranged from $53.00 to $56.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 2.81.

Notable Days

  • 2025-12-19: Highest Volume — 8,296 contracts
  • 2025-12-02: Largest IV spike — 46.6% change
  • 2025-12-09: Highest IV Rank — 18.5%
  • 2025-12-02: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.90$53.14$54.64$54.28$53.80
Max Pain$54.82$53.00$56.00$54.00$53.00
ATM IV15.2%11.8%22.3%13.9%13.1%
Expected Move4.1%3.4%5.8%4.0%3.8%
HV 20d9.6%8.1%11.3%11.3%9.7%
HV 60d13.6%13.3%13.9%13.7%13.8%
IV Rank5.8%0.0%18.5%3.1%2.4%
IV Percentile32.2%0.0%94.0%16.7%6.3%
Term Structure0.2%-5.8%2.5%-2.5%0.9%
VWIV14.3%8.0%17.9%15.2%13.2%
Skew 25d1.6%-5.4%3.4%3.3%2.3%
Skew 10d8.9%-3.0%54.8%18.3%5.6%
Call IV 25d13.8%11.4%17.3%16.7%13.0%
Put IV 25d15.4%9.8%19.9%19.9%15.3%
Bid-Ask Spread %104.1494.40129.71101.53100.20
Gamma HHI0.160.130.240.140.16
Net GEX936.0K-1.8M3.6M437.4K1.4M
Net DEX1.2M-7.7M20.5M4.3M-7.7M
Net VEX-85.9K-110.2K-49.9K-89.1K-110.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.810.0033.830.780.48
Total Volume1,255.364578,29613574
Total OI26,813.77322,54132,07525,45724,352

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$54.28$54.0013.9%4.0%11.3%3.1%15.2%3.3%-2.5%437.4K4.3M-89.1K0.78101.53N/AN/A765910,39215,065
2025-12-02$54.17$54.0020.4%5.8%11.3%15.0%17.9%2.1%-5.8%613.4K5.6M-80.8K0.1597.24N/AN/A1,41921110,44915,099
2025-12-03$54.09$54.0019.0%5.5%10.4%12.5%15.4%2.4%-4.5%710.8K3.5M-85.3K1.1994.83N/AN/A12314611,84815,207
2025-12-04$54.14$56.0019.5%3.9%9.9%13.3%15.7%2.5%2.5%1.3M2.1M-84.0K1.48101.34N/AN/A8913211,89115,218
2025-12-05$54.38$56.0016.8%4.0%10.0%8.3%13.2%2.2%0.4%2.0M-446.0K-92.4K1.28118.28N/AN/A13517311,95315,257
2025-12-08$54.19$56.0020.1%4.5%10.0%14.4%15.8%0.7%0.0%1.6M2.3M-77.7K0.22105.44N/AN/A79217512,00115,297
2025-12-09$54.09$56.0022.3%4.3%8.1%18.5%15.0%1.9%-1.5%1.9M-231.9K-69.7K1.32105.07N/AN/A577512,39015,363
2025-12-10$54.64$56.0017.8%5.1%9.0%10.2%8.0%-5.4%1.6%3.6M-5.4M-49.9K4.25129.71N/AN/A13858712,41415,423
2025-12-11$54.44$56.0012.8%3.7%9.1%1.1%0.0%-0.0%0.9%2.0M-2.0M-62.0K0.17110.97N/AN/A2744712,47416,006
2025-12-12$53.91$56.0014.0%4.0%9.3%3.1%13.2%-1.1%2.1%1.4M2.4M-76.0K5.18113.51N/AN/A10554412,63216,014
2025-12-15$53.83$56.0012.9%3.7%9.3%1.2%14.2%2.4%1.8%1.4M5.6M-75.4K0.24108.42N/AN/A2997212,60316,548
2025-12-16$53.53$56.0011.8%3.4%8.6%0.0%14.7%-0.0%0.5%103.8K5.6M-56.1K33.83109.90N/AN/A1364,60112,77616,616
2025-12-17$53.14$56.0014.4%4.1%8.9%4.7%15.8%0.8%-0.1%-1.8M14.9M-81.5K1.77111.18N/AN/A8314712,76218,108
2025-12-18$53.70$56.0012.8%3.7%9.8%1.7%13.3%0.4%1.3%-46.8K6.0M-60.3K0.1499.94N/AN/A2,08230112,74819,327
2025-12-19$53.18$56.0014.2%4.1%9.6%4.4%14.2%2.6%0.8%-918.9K20.5M-97.0K0.8997.05N/AN/A4,3943,90211,50519,618
2025-12-22$53.45$54.0014.3%4.1%9.7%4.4%12.7%3.4%-1.2%155.2K-1.9M-103.1K0.0398.04N/AN/A336119,70112,914
2025-12-23$53.70$53.0012.8%3.7%9.3%1.7%16.8%3.3%0.9%449.1K-2.7M-107.5K2.8995.45N/AN/A5071,4679,99912,923
2025-12-24$53.69$53.0012.5%3.6%9.1%1.2%12.4%3.2%2.0%769.7K-4.3M-105.8K0.00101.02N/AN/A1,37119,85312,688
2025-12-26$54.00$53.0013.3%3.8%9.1%2.6%13.9%2.9%1.3%1.2M-7.4M-109.7K4.3697.90N/AN/A4391,91211,20212,689
2025-12-29$53.59$53.0013.0%3.7%9.5%2.1%14.4%2.0%1.1%1.0M-6.6M-109.3K0.9294.40N/AN/A363311,63112,640
2025-12-30$53.86$53.0013.1%3.8%9.7%2.3%14.6%3.1%1.1%1.3M-7.3M-107.9K0.2199.65N/AN/A471011,64912,658
2025-12-31$53.80$53.0013.1%3.8%9.7%2.4%13.2%2.3%0.9%1.4M-7.7M-110.2K0.48100.20N/AN/A502411,68812,664