VEA Options History — July 2008

In July 2008, VEA traded between $40.23 and $42.47. ATM implied volatility averaged 42.8%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 21.1% (HV 20d: 21.7%). Max pain ranged from $44.00 to $44.00. Net GEX was positive for 15 of 16 trading days. Term structure was in contango for 5 of 16 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-07-02: Highest Volume — 20,000 contracts
  • 2008-07-28: Largest IV spike — 235.9% change
  • 2008-07-02: Highest IV Rank — 40.3%
  • 2008-07-02: Largest Expected Move — 19.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.56$40.23$42.47$41.78$41.44
Max Pain$44.00$44.00$44.00$44.00$44.00
ATM IV42.8%19.7%69.5%69.5%23.0%
Expected Move12.3%5.7%19.9%19.9%6.6%
HV 20d21.7%19.6%24.0%19.6%22.0%
HV 60d18.4%17.6%18.9%18.3%17.8%
IV Rank22.7%7.6%40.3%40.3%9.8%
IV Percentile33.9%0.4%77.1%77.1%2.5%
Term Structure-11.9%-27.5%1.0%-27.5%-1.6%
VWIV76.7%76.7%76.7%76.7%76.7%
Skew 25d-4.6%-17.9%8.1%-11.7%7.0%
Skew 10d-10.1%-31.2%13.6%-24.7%11.5%
Call IV 25d54.7%17.3%95.3%95.3%18.1%
Put IV 25d50.1%22.9%83.7%83.7%25.1%
Bid-Ask Spread %114.0919.02175.42171.5722.69
Gamma HHI0.800.501.000.501.00
Net GEX2.4M05.6M02.9M
Net DEX-19.0M-31.3M00-9.4M
Net VEX-58.1K-125.5K00-49.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2,500020,00020,0000
Total OI17,500030,000020,000

Daily Data (16 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-02$41.78$0.0069.5%19.9%19.6%40.3%76.7%-11.7%-27.5%0000.00171.57N/AN/A20,000000
2008-07-11$40.98$44.0048.9%14.0%20.1%26.7%0.0%-12.5%-14.2%2.0M-31.2M-71.5K0.00166.16N/AN/A0020,0000
2008-07-14$40.91$44.0051.1%14.6%19.9%28.2%0.0%-13.5%-15.7%2.0M-30.8M-64.5K0.00165.63N/AN/A0020,0000
2008-07-15$40.23$44.0052.9%15.2%20.2%29.4%0.0%-17.9%-16.1%1.9M-27.2M-58.6K0.00161.21N/AN/A0020,0000
2008-07-16$41.01$44.0052.6%15.1%21.9%29.2%0.0%-13.3%-16.6%2.0M-31.3M-59.0K0.00166.23N/AN/A0020,0000
2008-07-17$41.60$44.0052.4%15.0%23.1%29.1%0.0%-9.9%-17.6%2.2M-16.8M-47.3K0.00170.24N/AN/A0020,0000
2008-07-18$41.92$44.0053.2%15.2%23.6%29.6%0.0%-8.2%-17.6%1.6M-17.2M-45.7K0.00172.22N/AN/A0020,0000
2008-07-21$42.22$44.0055.9%16.0%24.0%31.4%0.0%-6.8%-19.1%1.1M-17.8M-44.5K0.00174.01N/AN/A0010,0000
2008-07-22$42.21$44.0019.8%5.7%22.9%7.7%0.0%4.9%1.0%2.5M-8.4M-31.9K0.0019.46N/AN/A0010,0000
2008-07-23$42.47$44.0058.0%16.6%21.4%32.7%0.0%-4.6%-20.1%1.2M-18.3M-42.9K0.00175.42N/AN/A20,000010,0000
2008-07-24$41.74$44.0019.8%5.7%22.0%7.7%0.0%6.7%0.8%5.6M-25.0M-125.5K0.0023.13N/AN/A0030,0000
2008-07-25$41.74$44.0020.0%5.7%21.4%7.8%0.0%7.1%0.9%3.8M-14.4M-70.5K0.0022.78N/AN/A0020,0000
2008-07-28$41.19$44.0067.0%19.2%21.4%38.6%0.0%-15.0%-26.9%2.1M-29.9M-94.4K0.00167.65N/AN/A0020,0000
2008-07-29$41.52$44.0020.3%5.8%21.7%8.0%0.0%8.1%0.4%3.2M-11.6M-57.2K0.0019.02N/AN/A0020,0000
2008-07-30$41.98$44.0019.7%5.7%21.9%7.6%0.0%5.9%0.1%4.2M-14.2M-65.7K0.0028.07N/AN/A0020,0000
2008-07-31$41.44$44.0023.0%6.6%22.0%9.8%0.0%7.0%-1.6%2.9M-9.4M-49.7K0.0022.69N/AN/A0020,0000