VAW Options History — April 2023

In April 2023, VAW traded between $171.55 and $179.62. ATM implied volatility averaged 19.6%, placing in the 7.6% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 0.6% (HV 20d: 19.0%). Max pain ranged from $163.00 to $180.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.42.

Notable Days

  • 2023-04-26: Highest Volume — 8 contracts
  • 2023-04-25: Largest IV spike — 21.2% change
  • 2023-04-25: Highest IV Rank — 17.8%
  • 2023-04-25: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$176.73$171.55$179.62$178.96$176.09
Max Pain$167.79$163.00$180.00$180.00$169.00
ATM IV19.6%17.0%22.7%20.3%17.0%
Expected Move5.6%4.9%6.5%5.8%4.9%
HV 20d19.0%14.0%25.6%25.5%17.7%
HV 60d19.4%19.0%20.4%20.4%19.5%
IV Rank7.6%0.0%17.8%9.9%0.0%
IV Percentile8.7%0.0%31.3%9.1%0.0%
Term Structure0.6%-3.7%2.7%-0.1%0.0%
VWIV16.4%11.0%20.1%19.4%15.4%
Skew 25d4.6%1.0%11.0%5.8%5.0%
Skew 10d8.1%0.3%17.7%10.4%4.8%
Call IV 25d17.1%9.9%20.7%17.5%14.4%
Put IV 25d21.7%19.1%23.8%23.2%19.4%
Bid-Ask Spread %84.2460.14100.7371.5593.16
Gamma HHI0.080.070.090.090.08
Net GEX74.5K53.6K93.3K75.5K71.8K
Net DEX-662.5K-850.5K-369.8K-850.5K-548.8K
Net VEX-3.5K-4.3K-2.6K-4.3K-2.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.001.000.671.00
Total Volume3.0530852
Total OI170.737156178168159

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$178.96$180.0020.3%5.8%25.5%9.9%19.4%5.8%-0.1%75.5K-850.5K-4.3K0.6771.55N/AN/A3213632
2023-04-04$175.37$180.0021.1%6.1%25.6%12.6%0.0%3.3%-0.3%66.6K-625.9K-4.0K0.0080.09N/AN/A3013934
2023-04-05$175.00$180.0020.1%5.7%25.5%9.1%0.0%5.4%2.6%64.6K-553.6K-3.8K0.0080.21N/AN/A1014034
2023-04-06$174.74$163.0020.0%6.0%24.0%8.8%19.6%5.0%0.9%62.8K-545.8K-3.8K0.0061.10N/AN/A3013934
2023-04-10$175.86$163.0020.8%6.1%22.2%11.5%0.0%4.4%0.7%66.7K-607.2K-3.7K1.0060.14N/AN/A1113834
2023-04-11$177.97$163.0019.6%5.8%22.4%7.5%0.0%4.5%0.4%79.0K-777.5K-3.9K0.0060.43N/AN/A1013935
2023-04-12$177.53$163.0020.3%5.8%22.3%10.0%0.0%4.2%2.0%76.6K-729.3K-3.8K0.0063.28N/AN/A0014035
2023-04-13$179.62$163.0019.6%5.6%17.7%7.6%0.0%11.0%2.5%87.2K-845.2K-3.9K0.0092.93N/AN/A0014035
2023-04-14$177.82$163.0018.4%5.3%17.6%3.7%0.0%1.3%2.7%78.8K-766.9K-3.8K0.0094.89N/AN/A0014035
2023-04-17$178.44$163.0018.8%5.4%16.3%5.0%20.1%1.4%2.6%83.3K-761.4K-3.5K1.0084.55N/AN/A1114035
2023-04-18$179.47$167.0018.1%5.2%15.5%2.5%11.0%9.2%1.7%93.3K-838.6K-3.5K1.0094.05N/AN/A2214136
2023-04-19$178.72$163.0017.7%5.1%14.9%1.4%0.0%2.7%2.7%89.7K-801.1K-3.4K0.0098.71N/AN/A0014335
2023-04-20$177.99$163.0018.7%5.4%14.0%4.7%17.7%3.2%-0.5%80.4K-745.2K-3.3K0.0091.19N/AN/A0614335
2023-04-21$176.49$169.0019.5%5.6%14.1%7.2%0.0%2.2%-1.6%75.0K-635.9K-3.2K0.00100.73N/AN/A6014335
2023-04-24$177.87$169.0018.7%5.4%14.3%4.6%17.8%3.6%-2.2%83.4K-671.3K-3.1K0.7585.39N/AN/A4313224
2023-04-25$174.14$169.0022.7%6.5%16.2%17.8%15.4%4.3%-3.7%61.9K-476.5K-2.9K0.5091.76N/AN/A4213625
2023-04-26$171.55$169.0021.3%6.1%17.2%13.2%16.3%1.0%-0.6%53.6K-369.8K-2.6K0.00100.73N/AN/A8013725
2023-04-27$174.18$169.0019.3%5.5%17.3%6.6%11.9%10.4%1.8%64.2K-437.4K-2.8K0.0095.75N/AN/A2013625
2023-04-28$176.09$169.0017.0%4.9%17.7%0.0%15.4%5.0%0.0%71.8K-548.8K-2.8K1.0093.16N/AN/A1113425