VAW Options History — April 2019

In April 2019, VAW traded between $124.94 and $128.41. ATM implied volatility averaged 15.3%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 1.1% (HV 20d: 14.2%). Max pain ranged from $122.00 to $122.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.12.

Notable Days

  • 2019-04-25: Highest Volume — 50 contracts
  • 2019-04-29: Largest IV spike — 67.1% change
  • 2019-04-29: Highest IV Rank — 29.4%
  • 2019-04-29: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$127.06$124.94$128.41$124.94$126.86
Max Pain$122.00$122.00$122.00$122.00$122.00
ATM IV15.3%12.3%24.1%19.0%15.4%
Expected Move4.5%3.5%6.9%6.2%4.4%
HV 20d14.2%10.0%16.5%16.2%10.3%
HV 60d14.7%13.4%16.9%16.9%13.4%
IV Rank8.4%1.3%29.4%17.2%8.7%
IV Percentile17.9%0.4%81.0%45.2%21.0%
Term Structure1.2%-8.3%7.2%7.0%1.0%
VWIV14.4%12.1%18.1%12.1%13.3%
Skew 25d3.0%-6.7%15.5%1.3%5.0%
Skew 10d3.1%-5.4%10.1%4.5%-0.8%
Call IV 25d14.1%8.0%24.3%24.3%11.7%
Put IV 25d17.1%11.0%25.6%25.6%16.7%
Bid-Ask Spread %113.5689.72129.51112.58117.22
Gamma HHI0.190.140.270.200.27
Net GEX33.4K-8.7K95.7K-8.7K95.7K
Net DEX-354.2K-574.9K-123.6K-123.6K-574.9K
Net VEX-993-1.3K-789-1.1K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.000.670.000.00
Total Volume8.61905021
Total OI88.0956210479103

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$124.94$122.0019.0%6.2%16.2%17.2%0.0%1.3%7.0%-8.7K-123.6K-1.1K0.00112.58N/AN/A204138
2019-04-02$125.14$122.0015.2%4.6%16.2%8.3%0.0%6.3%0.2%-3.5K-174.6K-1.0K0.0096.04N/AN/A204338
2019-04-03$126.50$122.0018.7%4.5%16.5%16.6%0.0%6.1%-0.2%545-231.4K-9850.00106.40N/AN/A204338
2019-04-04$127.68$122.0013.4%4.3%16.2%3.9%0.0%4.5%2.2%12.9K-310.1K-7890.0094.82N/AN/A204338
2019-04-05$127.90$122.0012.6%4.4%16.1%2.1%12.1%0.9%1.3%11.3K-316.2K-8340.0089.72N/AN/A804338
2019-04-08$128.12$122.0015.3%5.5%15.5%8.5%0.0%-6.7%-0.3%15.4K-349.7K-9020.67120.72N/AN/A324938
2019-04-09$127.01$122.0013.7%4.3%15.8%4.6%0.0%3.8%1.0%18.6K-343.8K-1.0K0.67106.71N/AN/A325240
2019-04-10$127.15$122.0016.4%4.7%15.8%11.0%0.0%2.6%0.8%9.2K-291.4K-1.1K0.67129.51N/AN/A325240
2019-04-11$126.95$122.0013.5%3.9%15.4%4.2%0.0%3.7%3.8%18.7K-340.3K-9760.15109.42N/AN/A1325240
2019-04-12$128.39$122.0014.7%4.2%15.7%7.1%0.0%4.2%1.1%47.7K-418.0K-9770.15112.70N/AN/A1326240
2019-04-15$127.88$122.0012.3%3.5%15.7%1.3%0.0%6.1%6.3%40.0K-415.4K-9460.00111.54N/AN/A006240
2019-04-16$128.41$122.0013.1%3.8%15.5%3.2%0.0%3.0%5.3%49.6K-424.1K-9140.00120.53N/AN/A206240
2019-04-17$127.88$122.0013.2%3.8%15.6%3.5%0.0%15.5%0.2%39.9K-438.8K-9170.00120.59N/AN/A206440
2019-04-18$127.82$122.0014.9%4.3%15.5%7.6%15.3%3.3%-0.8%45.4K-387.6K-9120.00120.89N/AN/A406440
2019-04-22$126.84$122.0012.5%3.6%10.1%1.9%13.1%-0.8%7.2%35.3K-304.7K-8380.00116.67N/AN/A104913
2019-04-23$127.58$122.0017.4%5.0%10.0%13.5%18.1%-1.5%-0.9%28.0K-301.6K-9170.00124.88N/AN/A305013
2019-04-24$127.04$122.0014.0%4.0%10.3%5.4%13.7%3.0%-2.4%40.0K-349.5K-9010.00116.36N/AN/A605213
2019-04-25$125.42$122.0017.2%4.9%11.7%12.9%15.1%2.8%-4.1%36.3K-266.5K-9700.00114.40N/AN/A5005613
2019-04-26$126.34$122.0014.4%4.1%11.7%6.4%13.3%5.2%5.8%89.8K-516.9K-1.3K0.00121.96N/AN/A5009113
2019-04-29$126.40$122.0024.1%6.9%11.4%29.4%0.0%-5.5%-8.3%79.7K-558.0K-1.3K0.00121.16N/AN/A109113
2019-04-30$126.86$122.0015.4%4.4%10.3%8.7%0.0%5.0%1.0%95.7K-574.9K-1.2K0.00117.22N/AN/A109013