VAW Options History — February 2011

In February 2011, VAW traded between $83.02 and $87.86. ATM implied volatility averaged 23.4%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 3.4% (HV 20d: 19.9%). Max pain ranged from $80.00 to $82.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-02-08: Highest Volume — 17 contracts
  • 2011-02-10: Largest IV drop — 26.4% change
  • 2011-02-08: Highest IV Rank — 27.4%
  • 2011-02-02: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.40$83.02$87.86$85.02$85.19
Max Pain$80.32$80.00$82.00$82.00$80.00
ATM IV23.4%20.2%29.0%24.7%20.6%
Expected Move6.3%5.8%7.3%7.1%5.9%
HV 20d19.9%16.8%22.0%20.2%20.7%
HV 60d17.4%16.3%19.1%19.1%17.7%
IV Rank13.5%5.7%27.4%16.6%6.7%
IV Percentile36.2%5.2%76.6%52.8%8.7%
Term Structure-0.8%-7.7%5.1%-5.5%-0.2%
VWIV19.5%19.5%19.5%19.5%19.5%
Skew 25d4.3%2.7%6.7%4.2%4.8%
Skew 10d8.2%5.8%11.3%8.3%5.8%
Call IV 25d20.5%19.2%22.9%20.2%19.2%
Put IV 25d24.8%23.0%29.6%24.4%23.9%
Bid-Ask Spread %80.3057.9496.5773.3182.09
Gamma HHI0.230.150.360.150.36
Net GEX-2.6K-13.0K7.9K-12.8K7.9K
Net DEX-47.6K-140.6K18.4K13.4K-70.6K
Net VEX-858-981-735-893-762
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.89501700
Total OI143.737135152135141

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-02-01$85.02$82.0024.7%7.1%20.2%16.6%0.0%4.2%-5.5%-12.8K13.4K-8930.0073.31N/AN/A0015120
2011-02-02$84.76$82.0025.5%7.3%20.0%18.7%0.0%4.2%-6.6%-13.0K18.4K-9030.0078.35N/AN/A0015120
2011-02-03$85.01$82.0025.3%7.3%20.0%18.3%0.0%4.1%-7.7%-12.6K11.7K-8850.0088.02N/AN/A0015120
2011-02-04$85.06$80.0024.2%5.8%19.9%15.5%0.0%4.0%-1.8%-12.8K5.7K-8440.0073.71N/AN/A0015120
2011-02-07$85.52$80.0027.2%6.0%19.9%22.9%0.0%3.7%-2.4%-11.3K-5.7K-7940.0066.25N/AN/A0015120
2011-02-08$85.91$80.0029.0%5.9%19.9%27.4%19.5%3.6%-1.8%-10.1K-12.6K-7770.0078.65N/AN/A17015120
2011-02-09$85.04$80.0028.3%5.9%20.2%25.6%0.0%4.0%-1.6%-3.4K-54.4K-9810.0084.81N/AN/A0032120
2011-02-10$85.37$80.0020.8%6.0%19.9%7.3%0.0%3.9%-2.1%-2.6K-61.8K-9630.0057.94N/AN/A0032120
2011-02-11$85.89$80.0021.0%6.0%19.7%7.5%0.0%3.9%-1.4%-479-76.2K-9450.0082.55N/AN/A0032120
2011-02-14$86.81$80.0020.6%5.9%20.0%6.6%0.0%3.5%-0.8%2.1K-102.7K-8620.0083.40N/AN/A0032120
2011-02-15$85.98$80.0021.8%6.3%20.3%9.6%0.0%4.0%-1.6%388-80.9K-8870.0082.08N/AN/A0032120
2011-02-16$87.10$80.0020.2%5.8%18.1%5.7%0.0%3.4%-0.3%4.0K-113.9K-8150.0078.72N/AN/A0032120
2011-02-17$87.86$80.0020.5%5.9%16.8%6.3%0.0%2.7%-0.3%5.6K-140.6K-7350.0076.18N/AN/A0032120
2011-02-18$87.04$80.0020.7%5.9%17.4%6.8%0.0%3.8%-0.1%4.5K-113.3K-7960.0079.11N/AN/A0032120
2011-02-22$84.13$80.0024.1%6.9%21.6%15.3%0.0%6.1%4.0%1.4K-41.0K-8810.0088.82N/AN/A0032109
2011-02-23$83.40$80.0024.4%7.0%22.0%16.0%0.0%6.7%4.2%-404-18.4K-8890.0087.51N/AN/A0032109
2011-02-24$83.02$80.0023.6%6.8%20.6%14.0%0.0%6.5%5.1%-661-8.5K-9000.0087.52N/AN/A0032109
2011-02-25$84.52$80.0021.5%6.2%21.5%8.8%0.0%5.3%4.9%4.6K-53.0K-7870.0096.57N/AN/A0032109
2011-02-28$85.19$80.0020.6%5.9%20.7%6.7%0.0%4.8%-0.2%7.9K-70.6K-7620.0082.09N/AN/A0032109