VAW Options History — June 2017

In June 2017, VAW traded between $120.70 and $123.75. ATM implied volatility averaged 23.7%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 12.8% (HV 20d: 10.8%). Max pain ranged from $115.00 to $118.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.22.

Notable Days

  • 2017-06-29: Highest Volume — 60 contracts
  • 2017-06-09: Largest IV spike — 56.2% change
  • 2017-06-12: Highest IV Rank — 100.0%
  • 2017-06-01: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$121.69$120.70$123.75$120.75$122.08
Max Pain$117.45$115.00$118.00$115.00$118.00
ATM IV23.7%12.7%49.8%26.1%25.6%
Expected Move5.5%3.6%7.5%7.5%7.3%
HV 20d10.8%9.7%11.7%11.2%11.7%
HV 60d11.6%11.2%12.0%12.0%11.5%
IV Rank33.0%1.8%100.0%44.0%36.1%
IV Percentile67.7%3.2%100.0%87.3%84.1%
Term Structure-5.7%-13.6%0.5%-8.1%-8.2%
VWIV21.8%13.9%38.4%38.4%14.5%
Skew 25d4.2%-10.3%15.4%5.0%4.4%
Skew 10d5.2%-6.3%21.5%-0.0%0.9%
Call IV 25d21.7%10.6%35.4%35.4%15.5%
Put IV 25d25.8%10.5%40.4%40.4%19.9%
Bid-Ask Spread %139.8098.22157.39157.39138.44
Gamma HHI0.210.170.310.230.17
Net GEX21.2K16.0K29.5K22.6K22.6K
Net DEX-316.6K-369.1K-286.1K-290.1K-369.1K
Net VEX-914-1.2K-785-844-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.220.180.230.180.18
Total Volume49.09146604660
Total OI50.22745624562

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-06-01$120.75$115.0026.1%7.5%11.2%44.0%38.4%5.0%-8.1%22.6K-290.1K-8440.18157.39N/AN/A397405
2017-06-02$121.53$115.0021.5%6.2%11.4%29.6%13.9%0.2%-3.1%19.6K-304.8K-9730.23153.54N/AN/A399426
2017-06-05$121.00$0.0030.2%5.7%10.7%56.7%0.0%0.7%-6.8%18.6K-321.6K-9000.23140.30N/AN/A399428
2017-06-06$120.93$0.0022.8%4.4%10.2%33.7%0.0%7.2%-5.5%19.8K-287.6K-9860.23150.28N/AN/A399428
2017-06-07$121.00$0.0025.7%4.4%9.9%42.5%0.0%14.5%-0.8%20.3K-303.0K-1.0K0.23126.43N/AN/A399428
2017-06-08$121.50$0.0023.3%5.7%9.7%35.1%0.0%1.1%-6.3%25.6K-326.6K-8320.23143.78N/AN/A399428
2017-06-09$122.73$0.0036.4%4.9%10.2%75.8%0.0%8.8%-8.4%29.5K-348.5K-8020.23140.15N/AN/A399428
2017-06-12$122.29$0.0049.8%5.9%10.3%100.0%0.0%4.6%-7.3%18.6K-318.5K-9520.23132.95N/AN/A399428
2017-06-13$123.75$0.0031.6%4.6%10.6%52.0%0.0%15.4%-5.9%29.2K-362.0K-7850.23145.69N/AN/A399428
2017-06-14$122.38$0.0018.0%5.2%11.5%15.9%0.0%0.3%-1.9%16.0K-315.6K-9650.23146.80N/AN/A399428
2017-06-15$121.09$0.0021.2%6.1%10.0%24.3%0.0%5.0%-6.8%19.1K-294.3K-9670.23137.05N/AN/A399428
2017-06-16$121.39$0.0022.1%6.3%9.9%26.9%0.0%5.3%-9.2%20.9K-298.1K-9390.23144.06N/AN/A399428
2017-06-19$122.63$0.0020.2%5.8%10.1%21.7%17.4%-6.7%-0.9%16.9K-309.7K-9440.23144.31N/AN/A399426
2017-06-20$122.07$118.0012.8%3.7%10.4%2.2%14.2%-1.8%0.1%19.7K-330.9K-8900.23109.67N/AN/A399428
2017-06-21$120.70$118.0014.5%4.2%11.3%6.8%26.5%4.8%-6.4%22.1K-286.1K-9450.23148.34N/AN/A399428
2017-06-22$121.04$118.0018.9%5.4%11.2%18.4%28.3%12.8%-5.0%23.5K-306.3K-8300.23153.05N/AN/A399428
2017-06-23$121.67$118.0019.0%5.5%11.3%18.6%28.4%7.1%-8.1%24.2K-301.6K-8710.23151.28N/AN/A399428
2017-06-26$122.00$118.0023.0%6.6%11.3%29.2%18.0%7.3%-13.6%20.0K-317.5K-8560.23142.27N/AN/A399428
2017-06-27$121.41$118.0025.4%7.3%11.5%35.5%32.8%2.6%-8.9%16.8K-299.2K-9080.23137.90N/AN/A399428
2017-06-28$122.15$118.0012.7%3.6%11.6%1.8%14.1%3.2%0.5%21.5K-344.9K-8030.2298.22N/AN/A419428
2017-06-29$121.07$118.0019.7%5.6%11.6%20.3%14.8%-10.3%-4.5%19.1K-329.5K-8870.18133.78N/AN/A519448
2017-06-30$122.08$118.0025.6%7.3%11.7%36.1%14.5%4.4%-8.2%22.6K-369.1K-1.2K0.18138.44N/AN/A519548