VAW Options History — March 2026

In March 2026, VAW traded between $210.42 and $243.53. ATM implied volatility averaged 28.6%, placing in the 32.7% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 7.4% (HV 20d: 21.2%). Max pain ranged from $210.00 to $250.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.66.

Notable Days

  • 2026-03-03: Highest Volume — 14 contracts
  • 2026-03-03: Largest IV spike — 14.4% change
  • 2026-03-09: Highest IV Rank — 41.8%
  • 2026-03-30: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$224.49$210.42$243.53$243.53$225.67
Max Pain$232.95$210.00$250.00$250.00$210.00
ATM IV28.6%24.0%33.5%24.0%30.7%
Expected Move8.1%6.9%8.9%6.9%8.8%
HV 20d21.2%17.6%25.3%19.6%25.3%
HV 60d20.0%17.2%22.2%17.2%22.2%
IV Rank32.7%24.1%41.8%24.1%36.6%
IV Percentile94.3%88.9%98.4%88.9%96.8%
Term Structure-1.9%-3.6%0.0%-0.7%-3.0%
VWIV27.0%23.9%28.7%23.9%28.7%
Skew 25d5.2%1.3%11.4%7.7%10.1%
Skew 10d6.0%1.4%15.5%4.3%6.8%
Call IV 25d25.5%21.2%31.5%22.2%22.9%
Put IV 25d30.7%26.3%34.8%29.8%33.0%
Bid-Ask Spread %65.0431.30106.67101.3731.30
Gamma HHI0.120.090.190.190.09
Net GEX11.6K-7.8K27.2K19.6K27.2K
Net DEX-119.2K-400.1K135.2K-400.1K-358.8K
Net VEX-2.0K-2.8K-1.4K-2.4K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.005.005.000.00
Total Volume3.909014126
Total OI94.864671189680

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$243.53$250.0024.0%6.9%19.6%24.1%23.9%7.7%-0.7%19.6K-400.1K-2.4K5.00101.37N/AN/A2105937
2026-03-03$236.78$250.0027.5%7.9%22.6%30.6%0.0%5.2%-3.6%15.0K-232.2K-2.3K0.00106.67N/AN/A1406137
2026-03-04$237.19$250.0026.9%7.7%21.5%29.4%0.0%2.3%-1.7%25.7K-366.9K-2.8K0.00104.26N/AN/A107337
2026-03-05$230.78$240.0028.9%7.7%22.5%33.2%0.0%1.4%-0.8%21.2K-207.8K-2.6K0.0090.45N/AN/A107437
2026-03-06$226.01$240.0029.4%8.2%21.2%34.2%0.0%4.1%-1.2%16.8K-71.0K-2.4K0.0090.13N/AN/A007537
2026-03-09$227.31$240.0033.5%8.4%19.7%41.8%0.0%11.4%-1.2%16.6K-51.4K-2.3K0.0090.50N/AN/A007537
2026-03-10$227.72$240.0029.4%7.8%18.8%34.2%0.0%7.4%-0.3%17.4K-99.4K-2.4K0.0091.94N/AN/A007537
2026-03-11$226.32$240.0027.9%8.0%18.3%31.4%0.0%5.5%-1.7%16.4K-19.8K-2.2K0.0093.60N/AN/A067537
2026-03-12$225.25$240.0028.8%0.0%17.6%33.2%0.0%5.9%-1.6%5.3K35.8K-2.2K0.0060.05N/AN/A007543
2026-03-13$221.83$240.0028.7%7.9%17.7%32.9%0.0%2.0%-0.9%3.4K-18.1K-2.1K0.0053.04N/AN/A1207538
2026-03-16$223.93$240.0027.6%8.0%18.0%30.8%0.0%4.8%-1.2%-4.8K28.7K-1.8K1.0059.63N/AN/A226438
2026-03-17$224.67$240.0026.5%7.8%18.1%28.8%0.0%4.4%-0.4%-7.8K-94.6K-1.7K0.0049.69N/AN/A106335
2026-03-18$219.32$240.0027.0%7.6%19.1%29.7%0.0%2.5%0.0%-6.5K16.1K-1.6K0.0053.62N/AN/A006335
2026-03-19$215.42$240.0028.9%8.4%19.6%33.3%0.0%7.2%-3.3%-3.9K135.2K-1.4K2.0050.43N/AN/A126335
2026-03-20$210.42$240.0027.8%8.3%20.3%31.2%25.7%1.3%-2.2%-2.0K109.6K-1.4K1.2045.84N/AN/A566331
2026-03-23$215.97$215.0028.3%8.2%23.4%32.1%28.7%6.1%-2.6%9.9K-81.4K-1.6K0.0042.34N/AN/A204225
2026-03-24$218.60$215.0027.9%8.2%23.6%31.4%0.0%8.6%-3.1%12.5K-125.1K-1.7K0.0044.37N/AN/A014325
2026-03-25$222.29$215.0029.5%8.1%24.9%34.4%28.0%3.6%-2.7%15.1K-179.4K-1.7K0.0042.69N/AN/A304325
2026-03-26$220.34$215.0028.6%8.2%24.8%32.7%0.0%3.5%-3.3%18.3K-194.2K-1.8K0.0049.57N/AN/A004625
2026-03-27$219.31$215.0029.9%8.6%24.4%35.1%28.7%7.5%-2.6%17.2K-171.8K-1.7K0.0040.18N/AN/A704625
2026-03-30$220.01$210.0031.1%8.9%24.6%37.4%0.0%1.9%-2.9%22.9K-276.1K-1.9K0.0039.17N/AN/A205325
2026-03-31$225.67$210.0030.7%8.8%25.3%36.6%0.0%10.1%-3.0%27.2K-358.8K-2.0K0.0031.30N/AN/A605525