VAW Options History — August 2018

In August 2018, VAW traded between $130.24 and $136.23. ATM implied volatility averaged 18.3%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 5.2% (HV 20d: 13.0%). Max pain ranged from $131.00 to $138.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.52.

Notable Days

  • 2018-08-15: Highest Volume — 126 contracts
  • 2018-08-08: Largest IV spike — 105.8% change
  • 2018-08-08: Highest IV Rank — 45.5%
  • 2018-08-02: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$133.60$130.24$136.23$134.15$134.21
Max Pain$134.57$131.00$138.00$133.00$135.00
ATM IV18.3%13.4%29.7%22.7%19.0%
Expected Move4.9%3.8%6.9%6.5%5.5%
HV 20d13.0%11.2%14.7%12.6%14.1%
HV 60d13.1%12.7%13.5%12.7%13.3%
IV Rank19.2%8.1%45.5%29.4%21.0%
IV Percentile56.4%28.2%95.6%82.5%65.1%
Term Structure-1.2%-11.7%3.5%-7.7%-3.0%
VWIV18.3%13.3%27.2%27.2%21.2%
Skew 25d3.5%-7.7%16.4%4.3%-7.7%
Skew 10d3.3%-8.4%17.2%5.1%3.7%
Call IV 25d18.4%11.8%32.7%32.7%28.3%
Put IV 25d21.8%15.6%37.1%37.1%20.5%
Bid-Ask Spread %125.9694.85149.82142.07149.82
Gamma HHI0.180.100.550.150.11
Net GEX18.2K-49.4K99.9K29.5K22.6K
Net DEX-237.2K-454.7K66.1K-308.3K-275.7K
Net VEX-1.5K-2.3K-1.1K-2.3K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.220.810.810.27
Total Volume92.3045212610562
Total OI140.9135221119465

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$134.15$133.0022.7%6.5%12.6%29.4%27.2%4.3%-7.7%29.5K-308.3K-2.3K0.81142.07N/AN/A584711678
2018-08-02$133.00$133.0024.1%6.9%12.8%32.6%25.7%4.1%-11.7%18.7K-161.4K-2.2K0.81141.53N/AN/A584711878
2018-08-03$134.27$133.0019.9%5.7%13.0%23.0%17.2%3.9%-8.8%21.0K-264.5K-1.8K0.81132.93N/AN/A584711878
2018-08-06$134.54$138.0017.1%4.4%12.6%16.5%13.4%2.8%1.2%10.0K-304.9K-1.6K0.70105.03N/AN/A674711878
2018-08-07$134.75$138.0014.4%4.2%12.4%10.4%14.1%2.0%2.7%53.6K-446.7K-1.7K0.7096.77N/AN/A674712378
2018-08-08$134.51$138.0029.7%3.9%11.2%45.5%16.9%2.6%2.7%32.2K-347.8K-2.1K0.70148.01N/AN/A674712378
2018-08-09$134.85$138.0014.2%3.8%11.3%9.9%14.0%3.8%2.0%54.7K-454.7K-1.7K0.72118.93N/AN/A725212378
2018-08-10$132.90$131.0018.1%4.8%12.5%19.0%13.3%7.1%0.8%4.5K-218.8K-1.9K0.72113.65N/AN/A725212883
2018-08-13$131.60$131.0015.4%4.3%12.5%12.6%15.0%6.0%1.9%-37.8K-49.0K-1.6K0.7294.85N/AN/A725212883
2018-08-14$132.40$131.0026.5%4.9%11.4%38.2%18.2%8.4%-0.6%-46.7K-120.1K-1.4K0.71107.45N/AN/A735212883
2018-08-15$130.24$131.0017.4%5.0%12.7%17.3%20.4%-7.3%3.5%3.6K492-1.6K0.73130.16N/AN/A735312581
2018-08-16$131.29$135.0016.8%4.8%13.1%15.8%15.3%4.6%1.9%-49.4K66.1K-1.4K0.73108.27N/AN/A735312582
2018-08-17$132.20$135.0015.5%4.4%13.3%12.8%15.6%1.8%0.9%99.9K-79.7K-1.1K0.73110.94N/AN/A735312582
2018-08-20$133.00$135.0014.5%4.1%13.4%10.5%14.4%4.7%2.4%20.7K-211.6K-1.1K0.24122.05N/AN/A4210439
2018-08-21$133.92$135.0014.9%4.3%13.2%11.5%15.2%1.3%1.1%19.6K-242.7K-1.2K0.23116.29N/AN/A43104410
2018-08-22$133.40$135.0018.3%5.3%13.2%19.4%21.1%4.4%-2.9%20.0K-252.8K-1.3K0.26131.43N/AN/A43114510
2018-08-23$132.19$135.0013.4%3.9%13.1%8.1%14.4%2.1%3.3%18.2K-213.0K-1.2K0.26122.05N/AN/A43114511
2018-08-24$133.87$135.0014.5%4.1%13.9%10.5%14.5%3.3%0.7%16.7K-218.1K-1.2K0.22115.39N/AN/A49114511
2018-08-27$135.66$135.0017.7%5.1%14.7%17.9%23.9%16.4%-5.7%27.6K-321.9K-1.5K0.23147.00N/AN/A52125411
2018-08-28$135.29$135.0019.6%5.6%14.3%22.2%24.5%5.1%-3.7%27.2K-351.4K-1.5K0.25149.56N/AN/A52135412
2018-08-29$136.23$135.0017.4%5.0%14.0%17.3%24.6%4.6%-5.3%27.2K-348.5K-1.4K0.25147.26N/AN/A52135413
2018-08-30$134.40$135.0018.9%5.4%14.5%20.8%20.8%1.7%-3.1%25.7K-331.2K-1.5K0.27145.67N/AN/A49135413
2018-08-31$134.21$135.0019.0%5.5%14.1%21.0%21.2%-7.7%-3.0%22.6K-275.7K-1.5K0.27149.82N/AN/A49135213