VZ Options History — March 2025

In March 2025, VZ traded between $42.75 and $46.58. ATM implied volatility averaged 23.0%, placing in the 68.3% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 6.7% (HV 20d: 29.7%). Max pain ranged from $40.00 to $44.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2025-03-07: Highest Volume — 183,004 contracts
  • 2025-03-10: Largest IV spike — 16.8% change
  • 2025-03-11: Highest IV Rank — 99.0%
  • 2025-03-11: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.12$42.75$46.58$43.72$45.47
Max Pain$42.00$40.00$44.00$41.00$44.00
ATM IV23.0%18.5%26.9%18.5%24.4%
Expected Move6.4%5.6%8.1%5.6%6.5%
HV 20d29.7%13.9%35.0%13.9%34.8%
HV 60d23.1%17.8%25.4%18.4%24.8%
IV Rank68.3%32.4%99.0%32.4%79.0%
IV Percentile80.0%42.1%99.6%42.1%93.7%
Term Structure1.1%-1.5%4.4%1.8%-0.3%
VWIV22.8%19.7%28.8%19.9%22.8%
Skew 25d3.0%1.6%4.8%2.9%2.0%
Skew 10d6.2%2.8%14.0%14.0%10.7%
Call IV 25d21.3%17.6%24.8%17.7%23.0%
Put IV 25d24.4%20.5%29.6%20.6%25.0%
Bid-Ask Spread %19.933.52100.4924.4916.49
Gamma HHI0.120.080.200.120.12
Net GEX41.0M19.6M65.7M49.1M54.0M
Net DEX-755.3M-1.36B-367.0M-807.8M-953.7M
Net VEX-5.4M-5.8M-5.0M-5.0M-5.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.281.760.570.28
Total Volume84,046.14344,619183,00458,89269,633
Total OI1,036,103.095934,3431,142,420935,2721,018,035

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$43.72$41.0018.5%5.6%13.9%32.4%19.9%2.9%1.8%49.1M-807.8M-5.0M0.5724.49N/AN/A37,56321,329522,753412,519
2025-03-04$43.05$41.0019.7%5.9%15.1%42.4%20.9%1.6%2.9%39.2M-618.8M-5.0M1.7630.92N/AN/A43,50876,531529,461420,441
2025-03-05$42.75$42.0019.1%5.8%15.0%37.7%20.4%3.0%2.5%26.7M-501.3M-5.2M0.943.52N/AN/A25,96924,521535,806441,230
2025-03-06$44.20$42.0020.6%6.1%18.3%49.2%22.1%3.0%3.6%58.8M-912.6M-5.3M0.615.22N/AN/A57,79435,423542,299447,612
2025-03-07$46.03$42.0022.7%6.2%22.0%65.8%23.1%2.6%4.1%45.4M-1.36B-5.1M0.5730.80N/AN/A116,72766,277547,080467,598
2025-03-10$46.58$42.0026.5%7.8%21.8%95.9%27.9%4.2%-0.5%40.0M-1.32B-5.4M0.3835.40N/AN/A100,67038,463542,239465,649
2025-03-11$43.77$42.0026.9%8.1%33.1%99.0%28.8%4.8%-0.6%25.5M-616.3M-5.8M0.539.57N/AN/A87,74546,835573,332479,951
2025-03-12$42.75$42.0026.8%7.2%34.4%98.4%26.1%4.3%-1.5%19.6M-367.0M-5.7M0.9820.52N/AN/A62,13960,959589,434480,671
2025-03-13$43.72$42.0026.3%7.2%35.0%94.5%26.5%3.7%-1.1%33.1M-662.0M-5.8M0.6825.70N/AN/A56,45238,410602,961500,916
2025-03-14$43.66$42.0023.4%6.0%34.8%71.6%21.4%3.3%-1.1%31.1M-657.7M-5.8M0.689.05N/AN/A34,53123,538616,250515,536
2025-03-17$43.80$40.0021.2%6.0%34.8%53.7%22.3%3.2%3.5%35.2M-690.2M-5.4M0.426.40N/AN/A36,54615,202581,432490,171
2025-03-18$44.30$40.0022.8%6.3%34.9%66.4%22.8%4.0%2.3%46.4M-835.2M-5.6M0.455.98N/AN/A53,16123,673593,571495,422
2025-03-19$44.02$40.0021.6%6.0%34.5%56.9%21.5%2.7%3.2%49.2M-790.0M-5.5M0.3020.12N/AN/A41,55212,642609,762503,272
2025-03-20$43.70$0.0021.8%6.1%34.6%58.9%19.7%3.5%4.1%39.9M-689.4M-5.4M0.48100.49N/AN/A30,06714,552621,524508,628
2025-03-21$43.66$40.0021.6%6.3%34.2%56.6%22.5%3.6%4.4%32.0M-692.4M-5.4M0.335.26N/AN/A40,89313,374628,944513,476
2025-03-24$43.61$43.0022.9%6.2%34.1%67.0%21.7%2.7%-0.7%32.2M-477.3M-5.2M0.584.10N/AN/A28,19216,468510,334424,009
2025-03-25$43.36$44.0023.7%6.2%34.1%73.3%20.9%2.8%-1.0%26.7M-414.4M-5.2M0.6520.49N/AN/A44,64629,064523,388430,124
2025-03-26$44.27$43.0024.3%6.3%34.6%78.2%21.7%2.3%-1.0%49.3M-669.4M-5.4M0.704.85N/AN/A39,94127,876544,517451,754
2025-03-27$45.03$44.0024.0%6.3%35.0%75.8%22.6%2.0%-0.7%65.7M-909.3M-5.6M0.569.76N/AN/A68,70438,313562,467454,764
2025-03-28$45.08$44.0024.8%6.5%35.0%82.4%23.4%2.0%-0.8%61.6M-917.6M-5.7M0.7429.49N/AN/A37,47427,612583,243475,590
2025-03-31$45.47$44.0024.4%6.5%34.8%79.0%22.8%2.0%-0.3%54.0M-953.7M-5.6M0.2816.49N/AN/A54,25915,374568,218449,817