VZ Options History — November 2025

In November 2025, VZ traded between $39.34 and $41.45. ATM implied volatility averaged 18.3%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded below realized volatility by 4.2% (HV 20d: 22.5%). Max pain ranged from $39.00 to $40.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.42.

Notable Days

2025-11-14: Highest Volume — 106,964 contracts
2025-11-05: Largest IV drop — 9.1% change
2025-11-20: Highest IV Rank — 19.2%
2025-11-18: Largest Expected Move — 5.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.54	$39.34	$41.45	$39.39	$41.05
Max Pain	$39.92	$39.00	$40.50	$40.50	$40.50
ATM IV	18.3%	15.7%	20.0%	18.1%	15.7%
Expected Move	5.4%	4.8%	5.7%	5.7%	4.8%
HV 20d	22.5%	17.7%	24.4%	24.0%	17.7%
HV 60d	21.7%	21.0%	22.4%	21.6%	22.2%
IV Rank	12.6%	2.2%	19.2%	11.7%	2.2%
IV Percentile	30.9%	3.2%	47.2%	29.8%	3.2%
Term Structure	0.2%	-1.9%	1.6%	1.6%	-1.9%
VWIV	18.8%	16.1%	21.2%	20.5%	16.1%
Skew 25d	2.0%	0.4%	3.8%	0.4%	1.8%
Skew 10d	3.3%	-10.9%	6.3%	1.4%	3.6%
Call IV 25d	17.6%	15.0%	19.1%	18.8%	15.2%
Put IV 25d	19.5%	16.9%	21.2%	19.2%	16.9%
Bid-Ask Spread %	32.97	15.55	54.93	43.26	54.61
Gamma HHI	0.12	0.08	0.27	0.09	0.20
Net GEX	36.8M	6.7M	79.4M	6.7M	63.0M
Net DEX	-134.8M	-397.1M	146.1M	146.1M	-183.9M
Net VEX	-6.1M	-6.5M	-5.8M	-5.9M	-5.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.17	0.89	0.62	0.20
Total Volume	55,352.684	30,498	106,964	76,049	34,094
Total OI	1,125,521.368	1,012,543	1,175,299	1,117,540	1,062,327

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-11-03	$39.39	$40.50	18.1%	5.7%	24.0%	11.7%	20.5%	0.4%	1.6%	6.7M	146.1M	-5.9M	0.62	43.26	N/A	N/A	46,969	29,080	662,163	455,377
2025-11-04	$39.34	$40.50	19.6%	5.6%	24.0%	17.5%	19.8%	0.4%	1.0%	8.3M	143.3M	-6.0M	0.40	36.58	N/A	N/A	30,038	12,034	676,880	462,495
2025-11-05	$39.70	$40.00	17.8%	5.3%	24.4%	10.6%	18.4%	1.7%	0.6%	20.0M	28.3M	-6.0M	0.38	36.21	N/A	N/A	42,975	16,458	684,675	465,125
2025-11-06	$39.72	$39.00	18.3%	5.5%	24.2%	12.3%	18.9%	1.8%	1.5%	21.2M	8.2M	-6.1M	0.31	24.10	N/A	N/A	28,025	8,815	695,023	468,991
2025-11-07	$39.88	$39.00	18.1%	5.5%	22.5%	11.6%	19.2%	1.5%	1.3%	39.8M	-6.2M	-6.1M	0.24	19.79	N/A	N/A	64,932	15,473	702,812	472,487
2025-11-10	$39.75	$39.00	18.5%	5.4%	22.5%	13.3%	19.1%	1.9%	0.5%	13.1M	56.6M	-5.9M	0.89	15.55	N/A	N/A	24,316	21,618	655,873	453,551
2025-11-11	$40.73	$40.00	17.9%	5.2%	23.4%	10.9%	18.2%	3.8%	-0.2%	39.9M	-220.4M	-6.3M	0.31	18.64	N/A	N/A	56,827	17,689	662,230	467,822
2025-11-12	$40.78	$40.00	17.9%	5.2%	23.4%	10.8%	18.4%	1.5%	0.6%	45.0M	-227.9M	-6.2M	0.33	15.90	N/A	N/A	30,437	9,959	671,402	470,855
2025-11-13	$41.13	$40.00	18.7%	5.4%	23.6%	14.1%	18.9%	1.4%	0.3%	54.6M	-397.1M	-6.5M	0.28	31.66	N/A	N/A	72,843	20,374	674,147	472,014
2025-11-14	$41.03	$40.00	18.0%	5.3%	23.6%	11.4%	19.4%	1.7%	0.6%	79.4M	-336.5M	-6.3M	0.65	26.00	N/A	N/A	64,947	42,017	687,167	479,662
2025-11-17	$40.98	$40.00	19.3%	5.6%	23.6%	16.4%	19.5%	2.0%	-0.4%	36.6M	-224.6M	-6.4M	0.36	29.10	N/A	N/A	22,470	8,028	660,708	481,400
2025-11-18	$41.45	$40.00	20.0%	5.7%	23.6%	18.9%	19.6%	2.5%	-0.9%	49.1M	-368.5M	-6.4M	0.17	25.17	N/A	N/A	34,457	5,802	667,534	483,417
2025-11-19	$41.26	$40.00	19.8%	5.7%	23.4%	18.4%	19.9%	2.2%	-0.7%	52.2M	-316.8M	-6.3M	0.70	42.21	N/A	N/A	20,849	14,623	672,112	483,163
2025-11-20	$41.00	$40.00	20.0%	5.7%	19.2%	19.2%	21.2%	2.1%	0.9%	50.7M	-230.5M	-6.3M	0.85	38.39	N/A	N/A	29,877	25,297	676,759	488,727
2025-11-21	$41.38	$40.00	19.3%	5.5%	19.3%	16.4%	19.0%	2.0%	0.2%	60.7M	-362.1M	-6.2M	0.31	27.30	N/A	N/A	49,008	15,242	682,244	489,854
2025-11-24	$40.23	$40.00	18.5%	5.4%	21.9%	13.4%	18.3%	2.8%	-1.0%	8.8M	61.5M	-5.8M	0.37	54.93	N/A	N/A	49,417	18,330	566,673	445,870
2025-11-25	$40.57	$40.00	17.1%	5.2%	22.0%	7.7%	17.5%	2.6%	-1.0%	17.4M	-32.4M	-5.9M	0.33	41.96	N/A	N/A	25,203	8,275	583,105	453,284
2025-11-26	$40.86	$40.00	16.0%	4.8%	21.2%	3.6%	16.1%	2.8%	0.6%	32.4M	-97.3M	-5.8M	0.29	45.08	N/A	N/A	27,076	7,827	592,291	454,687
2025-11-28	$41.05	$40.50	15.7%	4.8%	17.7%	2.2%	16.1%	1.8%	-1.9%	63.0M	-183.9M	-5.8M	0.20	54.61	N/A	N/A	28,423	5,671	604,628	457,699