VAW Options History — April 2013

In April 2013, VAW traded between $83.66 and $88.58. ATM implied volatility averaged 18.4%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 14.9% (HV 20d: 33.3%). Net GEX was positive for 4 of 16 trading days. Term structure was in contango for 15 of 16 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-04-24: Highest Volume — 2 contracts
  • 2013-04-10: Largest IV spike — 174.2% change
  • 2013-04-10: Highest IV Rank — 63.7%
  • 2013-04-18: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$86.51$83.66$88.58$87.31$88.58
ATM IV18.4%14.3%43.0%15.7%15.5%
Expected Move4.8%4.1%5.6%4.5%4.5%
HV 20d33.3%30.2%34.9%30.6%33.2%
HV 60d23.5%21.8%24.3%22.4%24.2%
IV Rank8.1%0.0%63.7%0.0%2.8%
IV Percentile7.3%0.0%99.2%0.0%0.8%
Term Structure0.8%-0.0%2.1%1.5%0.9%
Skew 25d2.4%-6.0%4.1%3.4%3.4%
Skew 10d6.4%1.5%11.8%5.8%7.8%
Call IV 25d15.9%13.5%24.4%13.6%14.8%
Put IV 25d18.4%16.6%20.1%17.1%18.2%
Bid-Ask Spread %48.1936.0474.7654.1851.36
Gamma HHI0.750.501.001.000.50
Net GEX19401.0K01.0K
Net DEX-2.9K-14.9K00-14.9K
Net VEX-19-10100-101
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.250200
Total OI0.750404

Daily Data (16 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-04-09$87.31$0.0015.7%4.5%30.6%0.0%0.0%3.4%1.5%0000.0054.18N/AN/A0000
2013-04-10$88.00$0.0043.0%4.3%30.7%63.7%0.0%2.9%1.8%0000.0060.40N/AN/A0000
2013-04-11$88.27$0.0014.9%4.3%30.2%0.0%0.0%3.7%1.8%0000.0048.76N/AN/A0000
2013-04-12$87.21$0.0015.7%4.5%30.5%1.7%0.0%2.9%2.1%0000.0050.24N/AN/A0000
2013-04-15$83.66$0.0018.8%5.4%34.0%8.9%0.0%0.7%0.1%0000.0046.58N/AN/A0000
2013-04-16$85.36$0.0017.3%5.0%34.0%5.5%0.0%3.1%0.8%0000.0043.53N/AN/A0000
2013-04-17$83.96$0.0018.7%5.4%34.5%8.6%0.0%2.7%0.3%0000.0041.15N/AN/A0000
2013-04-18$83.69$0.0019.5%5.6%34.4%10.4%0.0%1.9%0.3%0000.0049.38N/AN/A0000
2013-04-19$84.76$0.0017.7%5.1%34.4%6.5%0.0%3.2%0.7%0000.0037.20N/AN/A0000
2013-04-22$85.48$0.0017.6%5.0%34.5%6.2%0.0%2.6%0.1%0000.0036.04N/AN/A0000
2013-04-23$86.32$0.0017.2%4.9%34.4%5.2%0.0%4.1%0.1%0000.0039.61N/AN/A0000
2013-04-24$87.71$0.0015.8%4.5%34.8%2.0%0.0%4.0%0.7%0000.0045.69N/AN/A2000
2013-04-25$88.39$0.0016.7%4.8%34.7%4.2%0.0%3.1%-0.0%504-9.0K-530.0044.55N/AN/A0020
2013-04-26$87.20$0.0014.3%4.1%34.9%0.0%0.0%-6.0%0.9%510-8.2K-520.0074.76N/AN/A2020
2013-04-29$88.24$0.0016.3%4.7%33.2%4.4%0.0%3.3%0.4%1.0K-14.5K-990.0047.64N/AN/A0040
2013-04-30$88.58$0.0015.5%4.5%33.2%2.8%0.0%3.4%0.9%1.0K-14.9K-1010.0051.36N/AN/A0040