VEA Options History — November 2008

In November 2008, VEA traded between $22.49 and $29.91. ATM implied volatility averaged 63.4%, placing in the 36.2% IV rank vs the trailing year. The 30-day expected move averaged 17.9%. IV traded below realized volatility by 23.9% (HV 20d: 87.3%). Max pain ranged from $28.00 to $37.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-11-05: Highest Volume — 6 contracts
  • 2008-11-19: Largest IV spike — 23.9% change
  • 2008-11-19: Highest IV Rank — 54.4%
  • 2008-11-19: Largest Expected Move — 26.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.14$22.49$29.91$27.93$26.09
Max Pain$35.53$28.00$37.00$28.00$37.00
ATM IV63.4%43.6%91.1%51.5%53.4%
Expected Move17.9%12.5%26.1%14.8%15.3%
HV 20d87.3%77.2%103.0%96.5%77.2%
HV 60d73.5%66.0%78.7%66.0%78.3%
IV Rank36.2%23.3%54.4%28.5%29.7%
IV Percentile66.0%23.0%93.7%47.2%50.4%
Term Structure-9.1%-43.0%14.6%5.0%14.6%
VWIV54.3%43.8%66.1%51.5%55.9%
Skew 25d13.5%-17.4%26.3%17.5%23.0%
Skew 10d25.8%-6.8%42.2%37.0%23.2%
Call IV 25d61.4%37.9%99.0%43.1%39.6%
Put IV 25d74.9%52.1%105.6%60.6%62.5%
Bid-Ask Spread %91.7834.02137.6148.15101.61
Gamma HHI0.160.130.180.160.17
Net GEX6.4K-1.6K19.2K12.6K-1.6K
Net DEX307.7K161.0K437.2K215.8K419.2K
Net VEX-1.9K-3.2K-886-2.8K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.7890610
Total OI1,2611,2061,2781,2701,208

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-11-03$27.93$28.0051.5%14.8%96.5%28.5%51.5%17.5%5.0%12.6K215.8K-2.8K0.0048.15N/AN/A101,043227
2008-11-04$29.91$32.0043.6%12.5%98.8%23.3%43.8%14.2%10.3%19.2K161.0K-3.2K0.0062.60N/AN/A101,042227
2008-11-05$28.41$30.0052.6%15.1%100.0%29.2%0.0%15.4%-10.6%16.1K179.4K-2.8K0.0054.27N/AN/A601,043227
2008-11-06$26.35$30.0064.8%18.6%101.4%37.2%0.0%17.3%0.6%10.2K225.7K-2.4K0.0047.92N/AN/A001,049227
2008-11-07$27.96$37.0054.1%16.6%103.0%30.1%0.0%14.4%-16.5%13.2K220.2K-2.7K0.00116.93N/AN/A001,049227
2008-11-10$27.59$37.0054.3%14.8%88.7%30.3%0.0%17.0%-10.7%11.6K237.8K-2.5K0.00121.05N/AN/A001,049227
2008-11-11$26.55$37.0060.5%16.8%89.4%34.3%0.0%25.6%-13.7%8.9K241.5K-2.4K0.00122.48N/AN/A001,049227
2008-11-12$25.16$37.0069.9%16.1%81.5%40.5%0.0%3.2%-4.4%2.6K376.9K-1.5K0.00121.84N/AN/A001,049227
2008-11-13$27.06$37.0073.5%21.1%83.8%42.8%0.0%6.9%-24.3%12.3K205.0K-2.5K0.00137.61N/AN/A001,049227
2008-11-14$25.68$37.0066.4%19.0%85.6%38.2%0.0%26.3%-12.1%4.7K340.1K-1.7K0.00115.65N/AN/A001,049227
2008-11-17$25.27$37.0074.3%21.3%83.4%43.4%0.0%4.3%-16.8%4.1K336.6K-1.7K0.00118.38N/AN/A021,049227
2008-11-18$25.33$37.0073.6%21.1%82.4%42.9%0.0%6.7%-9.4%4.0K353.7K-1.6K0.00116.74N/AN/A001,049229
2008-11-19$23.70$37.0091.1%26.1%80.1%54.4%0.0%12.8%-43.0%6.3K274.8K-1.8K0.00121.72N/AN/A001,049229
2008-11-20$22.49$37.0081.1%23.3%81.4%47.9%0.0%-17.4%-22.7%2.6K383.3K-1.1K0.00118.59N/AN/A001,049229
2008-11-21$23.72$37.0069.8%20.0%82.0%40.4%66.1%13.6%-23.7%-577437.2K-8860.0042.62N/AN/A301,049229
2008-11-24$25.51$37.0058.8%16.9%84.3%33.2%55.9%18.3%0.6%-1.3K428.5K-1.1K0.0034.02N/AN/A20979227
2008-11-25$25.85$37.0055.8%16.0%80.5%31.3%0.0%21.3%4.4%-941386.0K-1.3K0.0044.32N/AN/A00981227
2008-11-26$26.18$37.0055.2%15.8%78.1%30.9%0.0%16.7%-0.6%-1.4K423.5K-1.2K0.0097.30N/AN/A00981227
2008-11-28$26.09$37.0053.4%15.3%77.2%29.7%0.0%23.0%14.6%-1.6K419.2K-1.2K0.00101.61N/AN/A00981227