VWO Options History — February 2026

In February 2026, VWO traded between $56.03 and $59.06. ATM implied volatility averaged 19.3%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 4.5% (HV 20d: 14.8%). Max pain ranged from $52.00 to $57.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 1.26.

Notable Days

  • 2026-02-20: Highest Volume — 9,356 contracts
  • 2026-02-11: Largest IV spike — 22.1% change
  • 2026-02-27: Highest IV Rank — 18.8%
  • 2026-02-27: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.74$56.03$59.06$56.72$58.11
Max Pain$55.37$52.00$57.00$57.00$57.00
ATM IV19.3%15.4%22.1%18.5%22.1%
Expected Move5.7%5.2%6.3%5.3%6.3%
HV 20d14.8%13.0%16.3%13.1%16.2%
HV 60d12.3%11.7%13.1%11.8%13.1%
IV Rank13.6%6.6%18.8%12.2%18.8%
IV Percentile79.0%42.1%94.4%77.4%94.4%
Term Structure-0.4%-2.4%3.4%0.6%-2.3%
VWIV20.1%18.1%23.5%18.6%22.5%
Skew 25d3.3%1.7%4.6%2.8%3.8%
Skew 10d7.2%1.4%13.2%10.6%7.0%
Call IV 25d18.7%17.2%21.0%17.7%21.0%
Put IV 25d21.9%19.6%24.7%20.4%24.7%
Bid-Ask Spread %77.9371.2692.2087.3172.31
Gamma HHI0.190.120.280.150.14
Net GEX3.9M1.5M6.5M2.4M2.9M
Net DEX-37.4M-56.9M-18.9M-24.0M-34.4M
Net VEX-164.1K-196.3K-146.8K-157.0K-196.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.0215.790.070.08
Total Volume1,9071639,356492699
Total OI35,872.31629,35642,12134,52132,244

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$56.72$57.0018.5%5.3%13.1%12.2%18.6%2.8%0.6%2.4M-24.0M-157.0K0.0787.31N/AN/A4603217,89316,628
2026-02-03$56.73$57.0019.5%5.6%13.0%14.1%19.6%3.3%1.0%2.3M-25.0M-163.9K0.2090.13N/AN/A1362718,23116,653
2026-02-04$56.45$57.0020.1%5.8%13.1%15.2%20.8%2.7%3.4%2.0M-20.6M-165.4K0.4392.20N/AN/A1868018,28816,679
2026-02-05$56.03$52.0018.6%5.7%13.1%12.3%21.0%1.9%-1.5%1.5M-18.9M-146.8K2.6180.42N/AN/A1,9815,16218,42716,725
2026-02-06$57.22$52.0015.4%5.5%15.0%6.6%18.3%3.6%-1.0%3.9M-33.4M-156.2K0.3377.84N/AN/A2036619,73515,727
2026-02-09$57.80$52.0016.4%5.3%15.3%8.4%19.3%3.3%-1.0%5.1M-42.6M-150.0K0.3171.54N/AN/A34510720,05615,743
2026-02-10$58.09$52.0015.5%5.2%14.5%6.6%18.1%1.8%0.0%5.9M-48.6M-150.2K0.8773.59N/AN/A2,3242,02120,22315,827
2026-02-11$58.53$55.0018.9%5.4%14.3%12.9%20.8%1.7%-0.2%6.5M-56.9M-155.4K0.1572.67N/AN/A2744221,31916,751
2026-02-12$57.80$55.0019.8%5.7%15.2%14.6%20.1%2.6%-0.9%5.3M-44.9M-164.3K0.0381.97N/AN/A9692521,47816,774
2026-02-13$57.66$55.0019.5%5.6%15.2%14.0%19.8%3.4%-0.7%5.1M-42.2M-162.0K1.1375.95N/AN/A24828022,03516,795
2026-02-17$57.80$56.0019.8%5.7%14.9%14.5%23.5%4.1%-0.3%5.5M-42.6M-154.8K15.7975.77N/AN/A2994,72022,11917,044
2026-02-18$57.91$56.0019.5%5.6%14.5%14.0%18.8%2.9%-0.1%5.5M-41.7M-158.8K0.0277.00N/AN/A2,4685022,25819,643
2026-02-19$57.53$56.0019.1%5.5%14.4%13.3%19.6%4.3%-0.0%3.9M-35.6M-155.1K0.3279.74N/AN/A2227222,37719,667
2026-02-20$58.48$56.0020.1%5.8%15.2%15.1%18.9%3.5%-1.2%3.8M-52.9M-156.2K0.6076.76N/AN/A5,8473,50922,44419,677
2026-02-23$58.05$56.0021.3%6.1%15.5%17.4%20.5%2.6%-2.4%2.7M-31.2M-177.1K0.0671.26N/AN/A1,60110316,84212,514
2026-02-24$58.75$57.0020.4%5.8%15.9%15.6%20.5%4.6%-0.1%3.4M-39.0M-184.3K0.1273.06N/AN/A3264018,16312,587
2026-02-25$59.06$57.0020.2%5.8%15.7%15.2%20.6%4.3%0.4%3.7M-43.2M-180.1K0.7275.13N/AN/A21915718,30512,588
2026-02-26$58.30$57.0021.7%6.2%16.3%18.1%20.9%4.6%-1.9%3.1M-33.8M-184.8K0.1175.96N/AN/A8419218,45012,665
2026-02-27$58.11$57.0022.1%6.3%16.2%18.8%22.5%3.8%-2.3%2.9M-34.4M-196.3K0.0872.31N/AN/A6485119,37312,871