VAW Options History — April 2011

In April 2011, VAW traded between $84.86 and $89.61. ATM implied volatility averaged 26.0%, placing in the 18.2% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 10.4% (HV 20d: 15.5%). Max pain ranged from $75.00 to $75.00. Net GEX was positive for 0 of 20 trading days.

Notable Days

  • 2011-04-27: Largest IV drop — 6.6% change
  • 2011-04-29: Highest IV Rank — 21.3%
  • 2011-04-29: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$87.58$84.86$89.61$87.83$89.61
Max Pain$75.00$75.00$75.00$75.00$75.00
ATM IV26.0%24.6%27.8%25.2%27.8%
Expected Move7.4%7.1%8.0%7.2%8.0%
HV 20d15.5%13.9%19.4%19.4%14.7%
HV 60d19.5%18.2%20.2%19.7%18.2%
IV Rank18.2%13.3%21.3%18.0%21.3%
IV Percentile60.9%47.6%71.4%58.3%71.4%
Skew 25d3.4%-0.4%4.9%4.9%1.7%
Skew 10d5.3%-0.4%8.5%7.9%1.7%
Call IV 25d24.3%22.7%26.9%22.8%26.9%
Put IV 25d27.7%26.4%28.7%27.7%28.7%
Bid-Ask Spread %43.0129.8794.3629.8752.32
Gamma HHI0.270.270.280.270.27
Net GEX-2.9K-3.8K-1.8K-3.1K-2.1K
Net DEX-61.1K-81.5K-44.6K-52.0K-77.6K
Net VEX-263-348-126-348-156
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI4646464646

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-04-01$87.83$75.0025.2%7.2%19.4%18.0%0.0%4.9%0.0%-3.1K-52.0K-3480.0029.87N/AN/A001135
2011-04-04$88.41$75.0026.0%7.4%17.9%19.8%0.0%4.6%0.0%-2.8K-55.6K-3260.0034.24N/AN/A001135
2011-04-05$89.41$75.0026.2%7.5%18.0%20.3%0.0%4.3%0.0%-2.6K-61.9K-2880.0036.06N/AN/A001135
2011-04-06$88.77$75.0026.3%7.5%17.3%20.6%0.0%4.3%0.0%-2.7K-58.4K-3100.0031.55N/AN/A001135
2011-04-07$88.66$75.0026.3%7.5%14.1%20.5%0.0%4.9%0.0%-2.8K-57.8K-3160.0037.43N/AN/A001135
2011-04-08$88.01$75.0026.4%7.6%14.3%20.8%0.0%4.1%0.0%-3.0K-54.5K-3140.0031.25N/AN/A001135
2011-04-11$86.76$75.0026.2%7.5%15.6%20.5%0.0%4.6%0.0%-3.2K-58.2K-2810.0035.78N/AN/A001135
2011-04-12$85.50$75.0025.6%7.4%16.7%19.0%0.0%4.5%0.0%-3.3K-64.3K-2410.0034.54N/AN/A001135
2011-04-13$85.29$75.0025.4%7.3%14.9%18.5%0.0%4.8%0.0%-3.8K-44.6K-3350.0033.81N/AN/A001135
2011-04-14$85.50$75.0025.3%7.3%14.2%18.3%0.0%3.8%0.0%-3.5K-54.2K-2980.0037.33N/AN/A001135
2011-04-15$86.04$75.0024.8%7.1%14.2%13.7%0.0%3.5%0.0%-3.4K-57.8K-2720.0036.93N/AN/A001135
2011-04-18$84.86$75.0024.6%7.1%13.9%13.3%0.0%3.8%0.0%-3.8K-45.9K-3220.0040.66N/AN/A001135
2011-04-19$86.24$75.0025.0%7.2%14.9%14.1%0.0%2.8%0.0%-3.3K-54.1K-2890.0041.33N/AN/A001135
2011-04-20$87.32$75.0025.7%7.4%14.9%15.9%0.0%2.2%0.0%-3.0K-61.5K-2550.0040.83N/AN/A001135
2011-04-21$88.31$75.0025.9%7.4%15.2%16.6%0.0%1.9%0.0%-2.6K-67.7K-2220.0051.02N/AN/A001135
2011-04-25$87.96$75.0026.5%7.6%15.3%18.0%0.0%2.4%0.0%-2.7K-67.3K-2140.0050.16N/AN/A001135
2011-04-26$88.89$75.0027.6%7.9%15.4%20.8%0.0%1.4%0.0%-2.4K-72.7K-1850.0057.36N/AN/A001135
2011-04-27$89.06$75.0025.8%7.4%15.1%16.2%0.0%3.6%0.0%-2.3K-75.2K-1650.0053.48N/AN/A001135
2011-04-28$89.15$75.0026.7%7.7%14.7%18.6%0.0%-0.4%0.0%-1.8K-81.5K-1260.0094.36N/AN/A001135
2011-04-29$89.61$75.0027.8%8.0%14.7%21.3%0.0%1.7%0.0%-2.1K-77.6K-1560.0052.32N/AN/A001135