VAW Options History — September 2007

In September 2007, VAW traded between $80.03 and $88.53. ATM implied volatility averaged 25.6%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 0.0% (HV 20d: 25.6%). Max pain ranged from $80.00 to $82.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-09-20: Highest Volume — 413 contracts
  • 2007-09-28: Largest IV spike — 56.9% change
  • 2007-09-07: Highest IV Rank — 38.5%
  • 2007-09-28: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$84.19$80.03$88.53$82.91$87.94
Max Pain$81.68$80.00$82.00$80.00$82.00
ATM IV25.6%18.4%38.2%25.5%29.0%
Expected Move7.2%5.3%8.3%7.3%8.3%
HV 20d25.6%19.9%30.8%30.5%20.2%
HV 60d25.7%25.1%26.3%25.1%26.2%
IV Rank20.0%9.5%38.5%19.9%25.1%
IV Percentile57.3%40.8%90.1%52.4%72.0%
Term Structure-0.2%-7.3%4.0%1.2%-7.3%
VWIV24.6%19.8%28.3%24.6%19.8%
Skew 25d6.9%0.3%12.7%7.3%7.4%
Skew 10d11.1%-4.2%22.5%16.7%18.5%
Call IV 25d22.8%18.6%33.8%21.4%33.8%
Put IV 25d29.7%19.1%41.3%28.7%41.3%
Bid-Ask Spread %74.7625.43151.2577.04151.25
Gamma HHI0.420.290.700.400.54
Net GEX278.0K163.4K751.3K276.0K178.9K
Net DEX-2.1M-3.6M-745.9K-1.6M-2.7M
Net VEX-4.8K-6.4K-3.4K-5.2K-6.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume33.3160413390
Total OI688.368488781717506

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-09-04$82.91$80.0025.5%7.3%30.5%19.9%24.6%7.3%1.2%276.0K-1.6M-5.2K0.0077.04N/AN/A39068334
2007-09-05$82.05$80.0026.4%7.6%30.8%21.3%0.0%7.9%1.6%260.7K-1.4M-5.1K0.0076.99N/AN/A0072234
2007-09-06$82.80$80.0025.2%7.2%29.5%19.4%21.1%7.6%1.8%293.1K-1.6M-5.3K0.0079.87N/AN/A34072234
2007-09-07$81.05$82.0038.2%8.1%28.2%38.5%0.0%3.1%-0.1%211.6K-1.5M-5.2K0.00148.36N/AN/A3072234
2007-09-10$80.03$82.0028.8%8.3%28.6%24.7%25.3%9.4%-1.5%169.9K-745.9K-3.5K0.0027.86N/AN/A2072534
2007-09-11$81.14$82.0026.9%8.2%28.9%22.0%0.0%11.2%-1.0%215.0K-998.2K-3.9K0.0027.22N/AN/A0072734
2007-09-12$80.89$82.0027.2%8.3%27.4%22.4%25.6%11.1%-0.8%198.8K-878.5K-3.6K0.0025.43N/AN/A24072734
2007-09-13$81.87$82.0027.8%8.0%24.4%23.3%0.0%10.7%-0.5%243.2K-1.1M-3.9K0.0028.08N/AN/A2072734
2007-09-14$82.37$82.0028.8%8.3%24.2%24.8%0.0%11.1%-1.7%282.6K-1.4M-4.2K0.0027.45N/AN/A0072534
2007-09-17$82.24$82.0028.2%8.1%23.6%23.9%28.3%10.5%-0.8%249.9K-1.1M-3.4K0.0027.75N/AN/A50072534
2007-09-18$85.30$82.0026.2%7.5%26.1%20.8%27.9%5.1%-0.9%548.3K-2.8M-4.3K0.0045.30N/AN/A12072534
2007-09-19$86.57$82.0024.9%7.1%26.4%18.9%0.0%12.7%-2.0%298.8K-3.5M-4.5K0.00143.05N/AN/A10072534
2007-09-20$86.44$82.0019.8%5.7%24.8%11.4%0.0%2.1%3.7%751.3K-3.5M-3.6K0.0069.02N/AN/A413072534
2007-09-21$86.99$82.0020.5%5.9%24.6%12.5%0.0%2.2%2.7%340.1K-3.6M-6.4K0.0071.16N/AN/A0074734
2007-09-24$86.54$82.0027.0%7.8%24.1%22.2%0.0%8.8%-6.8%163.4K-2.3M-6.3K0.00149.04N/AN/A0047018
2007-09-25$86.63$82.0018.7%5.4%23.8%9.9%0.0%1.6%3.8%207.8K-2.4M-6.1K0.0074.60N/AN/A28047018
2007-09-26$87.41$82.0018.4%5.3%20.8%9.5%19.8%1.1%4.0%204.7K-2.7M-5.9K0.0082.22N/AN/A11047518
2007-09-27$88.53$82.0018.5%5.3%19.9%9.6%0.0%0.3%0.9%187.8K-3.1M-5.5K0.0088.76N/AN/A5048318
2007-09-28$87.94$82.0029.0%8.3%20.2%25.1%0.0%7.4%-7.3%178.9K-2.7M-6.1K0.00151.25N/AN/A0048818