VAW Options History — February 2021

In February 2021, VAW traded between $155.78 and $166.86. ATM implied volatility averaged 25.8%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 3.7% (HV 20d: 22.1%). Max pain ranged from $152.00 to $166.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 1.02.

Notable Days

  • 2021-02-05: Highest Volume — 82 contracts
  • 2021-02-19: Largest IV spike — 43.5% change
  • 2021-02-01: Highest IV Rank — 39.0%
  • 2021-02-01: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$161.18$155.78$166.86$155.78$161.42
Max Pain$157.68$152.00$166.00$166.00$162.00
ATM IV25.8%14.7%40.5%40.5%26.6%
Expected Move7.5%4.2%11.6%11.6%7.6%
HV 20d22.1%18.1%27.6%27.6%18.1%
HV 60d20.3%19.1%22.9%22.9%19.9%
IV Rank16.6%0.0%39.0%39.0%17.2%
IV Percentile37.8%0.0%84.1%84.1%46.0%
Term Structure-1.7%-16.5%9.3%-16.5%-0.6%
VWIV26.7%18.9%34.6%34.6%32.9%
Skew 25d5.7%-10.5%14.1%8.4%9.1%
Skew 10d6.6%-4.6%14.7%9.3%13.6%
Call IV 25d25.8%18.1%39.5%39.5%21.5%
Put IV 25d31.5%19.0%47.9%47.9%30.6%
Bid-Ask Spread %87.4041.60125.97112.9371.24
Gamma HHI0.160.110.400.120.13
Net GEX53.4K20.4K106.7K20.4K78.8K
Net DEX-1.2M-1.8M-474.8K-474.8K-1.6M
Net VEX-5.9K-8.2K-3.0K-3.3K-8.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.005.002.001.00
Total Volume12.42108234
Total OI229.158164273164273

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$155.78$166.0040.5%11.6%27.6%39.0%34.6%8.4%-16.5%20.4K-474.8K-3.3K2.00112.93N/AN/A1210361
2021-02-02$157.36$166.0035.4%10.1%27.6%31.8%0.0%10.8%-7.3%22.0K-546.0K-3.3K0.00113.50N/AN/A1010463
2021-02-03$157.84$166.0033.8%9.7%26.3%29.5%0.0%-10.5%-10.4%23.0K-539.9K-3.1K0.00116.97N/AN/A1010563
2021-02-04$157.06$156.0024.7%8.2%21.4%15.7%0.0%-2.3%1.8%20.8K-511.2K-3.0K0.0093.13N/AN/A1010663
2021-02-05$159.88$156.0021.1%6.8%22.3%10.7%0.0%2.4%1.4%28.1K-619.5K-3.1K0.0070.58N/AN/A82010763
2021-02-08$161.39$156.0026.6%6.6%22.6%17.5%0.0%6.4%1.4%55.5K-1.3M-6.8K0.0051.88N/AN/A0018862
2021-02-09$161.00$156.0019.0%6.0%22.6%6.5%25.1%4.4%1.6%57.6K-1.3M-6.8K2.0041.60N/AN/A1218862
2021-02-10$160.24$152.0020.6%5.9%21.9%8.9%0.0%3.9%6.3%54.8K-1.3M-6.5K0.0068.02N/AN/A0018964
2021-02-11$160.72$152.0025.4%7.3%21.6%15.8%26.9%6.3%-2.3%55.5K-1.3M-6.6K3.0063.18N/AN/A1318964
2021-02-12$161.90$152.0027.5%7.9%21.8%18.4%18.9%12.9%-4.3%59.3K-1.4M-6.6K4.0096.93N/AN/A1419067
2021-02-16$162.34$152.0027.7%7.9%20.9%18.7%29.0%7.8%-1.7%59.1K-1.4M-6.5K0.0089.98N/AN/A7019167
2021-02-17$161.79$152.0023.1%6.6%20.9%12.1%0.0%14.1%2.8%64.4K-1.3M-6.5K0.0077.60N/AN/A1019467
2021-02-18$160.65$152.0014.7%4.2%20.9%0.0%22.7%8.6%9.3%66.3K-1.3M-6.4K0.00105.21N/AN/A2019467
2021-02-19$163.81$152.0021.1%6.1%21.4%9.3%23.6%6.8%2.0%106.7K-1.4M-6.3K5.00125.97N/AN/A63019667
2021-02-22$164.65$162.0026.2%7.5%21.5%16.7%25.2%7.6%-1.9%46.3K-1.4M-6.6K0.00101.39N/AN/A23017044
2021-02-23$164.99$162.0030.6%8.8%21.1%23.1%26.9%-2.5%-8.4%61.7K-1.6M-6.7K0.3381.56N/AN/A3118544
2021-02-24$166.86$162.0019.4%5.6%21.0%6.8%27.7%2.5%0.3%62.8K-1.8M-6.8K0.0075.16N/AN/A45018845
2021-02-25$162.70$162.0026.9%7.7%18.7%17.6%0.0%11.6%-5.0%70.6K-1.7M-8.0K0.00103.78N/AN/A14021645
2021-02-26$161.42$162.0026.6%7.6%18.1%17.2%32.9%9.1%-0.6%78.8K-1.6M-8.2K1.0071.24N/AN/A2222845