VWO Options History — January 2026

In January 2026, VWO traded between $54.91 and $57.95. ATM implied volatility averaged 16.4%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 3.9% (HV 20d: 12.5%). Max pain ranged from $53.00 to $57.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 1.84.

Notable Days

  • 2026-01-12: Highest Volume — 7,332 contracts
  • 2026-01-07: Largest IV spike — 16.6% change
  • 2026-01-30: Highest IV Rank — 12.1%
  • 2026-01-30: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.20$54.91$57.95$54.91$56.47
Max Pain$54.00$53.00$57.00$53.00$57.00
ATM IV16.4%14.4%18.4%14.5%18.4%
Expected Move4.6%4.0%5.3%4.1%5.3%
HV 20d12.5%11.9%14.7%12.1%14.7%
HV 60d11.8%11.0%14.4%14.4%12.1%
IV Rank8.4%4.7%12.1%4.8%12.1%
IV Percentile55.9%29.4%77.4%31.0%77.4%
Term Structure0.6%-5.2%2.3%-0.5%1.5%
VWIV16.2%14.3%18.3%14.6%18.3%
Skew 25d2.4%1.5%3.7%2.7%1.5%
Skew 10d7.1%1.8%13.8%10.9%3.6%
Call IV 25d15.4%13.8%18.1%13.8%18.1%
Put IV 25d17.8%16.5%19.6%16.5%19.6%
Bid-Ask Spread %85.9478.7297.4697.4687.74
Gamma HHI0.210.120.630.190.14
Net GEX3.2M386.5K13.6M2.4M2.1M
Net DEX-23.4M-37.0M-10.5M-17.3M-22.5M
Net VEX-110.0K-160.5K-85.1K-94.5K-160.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.840.0118.870.340.08
Total Volume1,384.41597,332258808
Total OI27,491.8524,38933,87024,38933,870

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$54.91$53.0014.5%4.1%12.1%4.8%14.6%2.7%-0.5%2.4M-17.3M-94.5K0.3497.46N/AN/A1926611,70412,685
2026-01-05$55.30$53.0014.6%4.1%12.3%5.1%14.3%3.1%2.0%3.1M-19.4M-102.8K0.3691.05N/AN/A1816511,79612,707
2026-01-06$55.61$53.0014.4%4.0%12.4%4.7%16.6%3.1%1.4%3.2M-25.1M-85.6K1.9087.38N/AN/A28554211,87612,744
2026-01-07$55.25$54.0016.8%4.4%12.6%9.1%15.1%2.4%-5.2%2.8M-20.0M-102.5K0.0985.42N/AN/A2432212,00213,277
2026-01-08$55.31$54.0016.8%4.6%12.5%9.0%15.5%1.8%0.7%3.0M-20.1M-99.8K0.0885.61N/AN/A1931512,15113,294
2026-01-09$55.41$54.0016.1%4.3%12.1%7.8%15.0%2.3%1.2%3.4M-21.1M-98.0K0.1389.68N/AN/A3725012,22413,302
2026-01-12$56.28$54.0018.1%4.5%13.1%11.6%16.5%2.6%-3.8%3.5M-30.3M-85.1K0.5786.57N/AN/A4,6712,66112,13813,350
2026-01-13$55.91$54.0018.4%4.5%12.7%12.0%17.3%2.5%0.4%2.7M-20.9M-106.5K1.6087.07N/AN/A20833212,44515,463
2026-01-14$56.03$54.0016.0%4.6%12.7%7.7%15.8%2.3%0.0%3.1M-21.5M-94.8K0.1586.01N/AN/A1382112,36015,310
2026-01-15$56.36$54.0016.0%4.6%12.4%7.6%16.2%1.6%2.3%3.2M-26.4M-90.9K0.0187.40N/AN/A2,6983112,40915,323
2026-01-16$55.97$54.0016.0%4.6%12.4%7.6%15.3%2.6%1.0%13.6M-19.9M-111.7K18.8784.44N/AN/A1903,58513,61015,338
2026-01-20$55.53$54.0016.6%4.7%12.5%8.6%15.6%1.8%1.6%386.5K-10.5M-115.8K0.0683.56N/AN/A2,32814210,81214,993
2026-01-21$56.16$54.0016.5%4.7%12.2%8.6%16.7%3.7%1.3%1.4M-17.3M-122.7K0.2183.25N/AN/A2365012,78615,111
2026-01-22$56.63$54.0015.9%4.5%12.4%7.4%15.8%2.5%0.8%1.9M-22.1M-119.3K0.0381.23N/AN/A4581412,85715,124
2026-01-23$56.83$54.0015.8%4.5%12.3%7.3%15.7%2.3%1.8%2.2M-24.1M-117.1K0.4080.76N/AN/A1305213,18715,133
2026-01-26$56.97$54.0015.4%4.4%12.3%6.6%15.5%2.3%2.2%2.5M-25.7M-106.8K0.1878.72N/AN/A3045513,30115,171
2026-01-27$57.55$54.0016.9%4.8%12.5%9.3%17.9%2.0%0.2%2.8M-31.7M-108.5K0.4383.94N/AN/A1948313,43515,209
2026-01-28$57.95$54.0018.2%5.2%11.9%11.7%17.1%2.0%1.4%3.1M-34.2M-117.7K0.0186.32N/AN/A4,0333213,53215,264
2026-01-29$57.55$54.0016.8%4.8%12.5%9.0%18.3%2.1%1.6%3.7M-37.0M-158.4K11.3285.26N/AN/A1631,84517,24515,299
2026-01-30$56.47$57.0018.4%5.3%14.7%12.1%18.3%1.5%1.5%2.1M-22.5M-160.5K0.0887.74N/AN/A7515717,29116,579