VEA Options History — February 2009

In February 2009, VEA traded between $21.17 and $24.87. ATM implied volatility averaged 42.2%, placing in the 22.3% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded below realized volatility by 2.8% (HV 20d: 44.9%). Max pain ranged from $23.00 to $32.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.10.

Notable Days

  • 2009-02-20: Highest Volume — 399 contracts
  • 2009-02-17: Largest IV spike — 21.9% change
  • 2009-02-23: Highest IV Rank — 26.0%
  • 2009-02-23: Largest Expected Move — 13.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.96$21.17$24.87$23.45$21.24
Max Pain$30.11$23.00$32.00$23.00$32.00
ATM IV42.2%33.9%47.7%47.2%46.2%
Expected Move12.2%10.6%13.7%13.5%13.2%
HV 20d44.9%37.0%50.7%46.3%37.0%
HV 60d49.9%41.8%57.4%57.4%41.8%
IV Rank22.3%16.9%26.0%25.7%25.0%
IV Percentile28.4%15.9%42.1%36.1%37.7%
Term Structure-1.1%-3.5%0.9%-0.5%-1.1%
VWIV41.7%35.3%47.7%47.7%42.1%
Skew 25d13.3%10.2%19.6%12.6%10.2%
Skew 10d23.9%9.7%41.5%33.4%13.0%
Call IV 25d34.9%27.4%42.2%39.5%40.2%
Put IV 25d48.2%42.6%53.7%52.1%50.4%
Bid-Ask Spread %76.2534.6392.1184.4192.11
Gamma HHI0.430.240.730.300.73
Net GEX1.8K-6.2K15.1K-2.4K13.9K
Net DEX348.1K106.7K512.1K424.6K165.9K
Net VEX-1.1K-2.2K-394-898-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.100.000.500.000.50
Total Volume24.6840399130
Total OI695.211618865627865

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$23.45$23.0047.2%13.5%46.3%25.7%47.7%12.6%-0.5%-2.4K424.6K-8980.0084.41N/AN/A01307320
2009-02-03$24.06$23.0041.6%11.9%47.7%22.0%0.0%18.0%-0.0%-1.6K390.1K-9100.0083.59N/AN/A00307321
2009-02-04$23.96$23.0040.5%11.6%47.4%21.3%0.0%16.8%0.5%-2.3K393.6K-8630.0052.10N/AN/A00307321
2009-02-05$24.25$23.0038.0%10.9%47.8%19.6%0.0%15.2%0.9%-1.7K380.3K-8290.0055.02N/AN/A00307321
2009-02-06$24.82$32.0033.9%10.6%48.5%16.9%0.0%11.9%0.2%-797332.0K-8170.0086.70N/AN/A00307321
2009-02-09$24.87$32.0036.6%10.9%47.6%18.7%0.0%11.5%-0.5%-636332.8K-8000.0087.02N/AN/A00307321
2009-02-10$23.64$32.0041.7%11.7%50.0%22.0%0.0%13.2%-0.9%-3.9K408.1K-7520.0083.56N/AN/A210307321
2009-02-11$23.86$32.0039.3%11.5%50.0%20.4%40.5%13.2%-0.9%-3.3K388.6K-8010.0086.73N/AN/A01328321
2009-02-12$23.82$32.0039.4%11.3%47.5%20.5%0.0%13.0%-1.2%-4.1K390.9K-7620.0087.98N/AN/A00328321
2009-02-13$23.57$32.0037.3%10.7%47.4%19.1%0.0%12.7%-0.3%-5.6K409.3K-6940.0090.18N/AN/A00328321
2009-02-17$22.31$32.0045.4%13.0%50.7%24.5%0.0%13.1%-3.1%-6.2K498.4K-5490.0088.44N/AN/A00328321
2009-02-18$22.28$32.0045.0%12.9%42.9%24.2%0.0%11.2%-3.5%-4.6K497.2K-5190.0088.80N/AN/A150328310
2009-02-19$22.25$32.0042.8%12.3%39.1%22.8%35.3%12.0%-1.7%-2.3K504.4K-4820.0090.35N/AN/A01328310
2009-02-20$22.00$32.0043.0%12.3%38.7%22.9%43.0%13.1%-1.2%2.3K512.1K-3940.0091.01N/AN/A3981313305
2009-02-23$21.17$32.0047.7%13.7%40.6%26.0%42.1%11.6%-1.6%13.4K166.7K-2.0K0.0088.71N/AN/A10638226
2009-02-24$21.99$32.0042.5%12.2%42.3%22.5%0.0%19.6%-2.4%15.1K106.7K-2.2K0.0038.21N/AN/A00639226
2009-02-25$21.48$32.0046.2%13.2%42.2%25.0%0.0%12.9%-1.5%14.2K146.3K-2.0K0.0039.27N/AN/A00639226
2009-02-26$21.29$32.0046.9%13.4%39.7%25.4%0.0%10.6%-1.5%13.9K165.8K-2.0K0.0034.63N/AN/A00639226
2009-02-27$21.24$32.0046.2%13.2%37.0%25.0%0.0%10.2%-1.1%13.9K165.9K-2.0K0.5092.11N/AN/A2010639226