VAW Options History — February 2019

In February 2019, VAW traded between $117.56 and $125.75. ATM implied volatility averaged 18.3%, placing in the 14.2% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 1.6% (HV 20d: 16.7%). Max pain ranged from $119.00 to $119.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.11.

Notable Days

  • 2019-02-21: Highest Volume — 22 contracts
  • 2019-02-28: Largest IV spike — 48.8% change
  • 2019-02-28: Highest IV Rank — 36.4%
  • 2019-02-28: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$121.72$117.56$125.75$119.40$123.28
Max Pain$119.00$119.00$119.00$119.00$119.00
ATM IV18.3%13.6%27.5%25.4%27.5%
Expected Move5.2%3.9%7.9%5.5%7.9%
HV 20d16.7%14.7%20.2%20.2%14.9%
HV 60d21.9%21.3%22.5%22.5%21.4%
IV Rank14.2%2.9%36.4%31.4%36.4%
IV Percentile32.7%2.4%86.5%81.0%86.5%
Term Structure-1.5%-10.8%5.6%1.1%-10.8%
VWIV19.3%8.2%29.1%18.5%23.8%
Skew 25d3.5%-2.8%11.2%2.3%3.2%
Skew 10d4.5%-2.3%17.5%6.4%17.5%
Call IV 25d15.4%8.9%25.2%19.6%10.9%
Put IV 25d18.8%14.0%25.1%21.9%14.0%
Bid-Ask Spread %112.8069.41148.62142.95148.62
Gamma HHI0.200.140.270.210.16
Net GEX18.3K7.9K27.8K16.7K22.6K
Net DEX-209.2K-360.3K-70.6K-171.5K-250.0K
Net VEX-553-690-454-547-690
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.110.001.570.001.57
Total Volume9.316022518
Total OI51.10528724939

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$119.40$0.0025.4%5.5%20.2%31.4%0.0%2.3%1.1%16.7K-171.5K-5470.00142.95N/AN/A50472
2019-02-04$119.21$0.0016.7%4.9%16.2%10.5%0.0%4.2%1.2%25.6K-177.9K-5150.00103.48N/AN/A010512
2019-02-05$120.10$0.0016.4%4.8%16.2%9.6%0.0%-2.8%5.6%13.7K-172.2K-5840.0069.41N/AN/A0105112
2019-02-06$119.62$0.0016.1%4.6%16.3%8.9%0.0%2.2%0.8%12.4K-146.0K-5930.00110.85N/AN/A005112
2019-02-07$117.70$0.0018.6%5.3%17.5%15.1%18.5%6.6%-1.4%8.4K-77.0K-5430.0093.80N/AN/A605112
2019-02-08$117.56$119.0019.1%5.5%17.2%16.1%17.9%5.0%0.4%9.1K-70.6K-5440.0090.66N/AN/A605412
2019-02-11$118.21$119.0021.9%6.3%17.2%22.9%0.0%5.2%-6.9%7.9K-98.7K-5170.00105.67N/AN/A005412
2019-02-12$120.63$119.0018.9%5.4%18.3%15.7%0.0%4.4%-2.0%17.4K-195.9K-5220.00113.89N/AN/A005412
2019-02-13$121.16$119.0016.5%4.7%17.8%10.0%16.4%3.2%0.2%18.1K-229.0K-4990.0083.34N/AN/A1005412
2019-02-14$120.86$119.0016.3%4.7%17.9%9.6%22.0%0.4%-1.0%27.8K-259.9K-5360.00135.74N/AN/A1105912
2019-02-15$121.86$119.0014.4%4.1%17.5%4.9%17.3%2.3%2.8%18.3K-360.3K-5120.00105.29N/AN/A1306012
2019-02-19$123.12$119.0014.3%4.1%16.9%4.6%0.0%5.1%2.3%21.5K-217.8K-4950.00118.25N/AN/A110290
2019-02-20$125.02$119.0021.1%6.1%16.2%21.1%0.0%-1.4%-10.3%16.9K-224.3K-4540.00142.43N/AN/A140280
2019-02-21$124.31$119.0016.1%4.6%16.3%9.0%11.5%6.2%-1.7%16.5K-230.2K-4880.00102.03N/AN/A220290
2019-02-22$124.92$119.0015.1%4.3%16.1%6.6%8.2%5.6%0.6%22.8K-273.1K-6320.00108.00N/AN/A220370
2019-02-25$125.75$119.0020.7%5.9%14.8%20.1%29.1%-2.5%-9.4%23.5K-252.6K-5880.00140.24N/AN/A60350
2019-02-26$125.18$119.0013.6%3.9%14.8%2.9%18.3%5.4%1.1%23.4K-289.4K-6270.00108.45N/AN/A60380
2019-02-27$124.75$119.0018.4%5.3%14.7%14.7%28.9%11.2%-1.5%24.5K-279.6K-6190.00120.08N/AN/A70380
2019-02-28$123.28$119.0027.5%7.9%14.9%36.4%23.8%3.2%-10.8%22.6K-250.0K-6901.57148.62N/AN/A711390