VEA Options History — July 2015

In July 2015, VEA traded between $38.28 and $40.68. ATM implied volatility averaged 17.4%, placing in the 42.6% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded below realized volatility by 2.8% (HV 20d: 20.2%). Max pain ranged from $40.00 to $42.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.64.

Notable Days

  • 2015-07-17: Highest Volume — 1,697 contracts
  • 2015-07-27: Largest IV spike — 29.3% change
  • 2015-07-08: Highest IV Rank — 89.6%
  • 2015-07-08: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.94$38.28$40.68$39.92$40.21
Max Pain$40.59$40.00$42.00$42.00$41.00
ATM IV17.4%11.9%27.3%20.8%12.5%
Expected Move4.6%3.4%6.4%6.0%3.6%
HV 20d20.2%16.9%22.4%17.3%18.8%
HV 60d16.0%13.9%16.7%14.0%16.4%
IV Rank42.6%16.4%89.6%59.9%19.5%
IV Percentile67.3%21.8%99.6%98.0%32.5%
Term Structure0.2%-3.2%2.1%-3.2%1.2%
VWIV15.8%12.6%20.0%19.8%12.6%
Skew 25d4.5%2.4%6.5%5.2%3.6%
Skew 10d10.6%3.7%16.6%6.7%11.0%
Call IV 25d14.4%10.9%19.8%19.1%11.3%
Put IV 25d18.9%14.7%25.6%24.3%14.9%
Bid-Ask Spread %82.1562.9893.9182.5992.83
Gamma HHI0.290.170.440.400.30
Net GEX449-210.2K163.0K-61.5K123.5K
Net DEX1.2M-1.0M4.8M2.4M-328.0K
Net VEX-13.2K-14.7K-11.4K-14.7K-12.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.640.772.741.811.16
Total Volume1,172.9096241,6971,269624
Total OI3,137.7732,3103,9923,3312,561

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-07-01$39.92$42.0020.8%6.0%17.3%59.9%19.8%5.2%-3.2%-61.5K2.4M-14.7K1.8182.59N/AN/A4518181,5941,737
2015-07-02$40.00$42.0021.2%6.1%16.9%61.8%19.7%5.3%-3.0%-60.9K2.3M-14.4K1.7984.55N/AN/A4027191,5941,723
2015-07-06$39.20$40.0023.8%5.7%18.0%73.8%18.4%5.3%-0.2%-81.1K3.3M-12.7K2.2570.76N/AN/A4439951,6491,737
2015-07-07$39.20$40.0022.0%5.5%18.0%64.6%17.5%5.6%-0.4%-210.2K4.0M-12.8K2.2869.65N/AN/A4259671,6542,029
2015-07-08$38.28$40.0027.3%6.4%19.6%89.6%20.0%6.4%-0.9%-137.2K4.8M-11.4K2.2762.98N/AN/A4259641,6572,036
2015-07-09$38.85$40.0025.9%5.9%18.9%83.2%19.5%5.5%-0.8%-175.5K4.2M-12.6K2.7467.56N/AN/A3931,0771,6592,039
2015-07-10$40.02$40.0024.1%5.5%22.1%74.4%18.8%6.5%-0.6%-172.2K2.6M-13.2K2.0473.07N/AN/A5411,1041,6701,973
2015-07-13$40.22$40.0020.3%4.9%22.1%56.4%17.7%4.9%-0.3%-175.8K1.6M-13.7K2.3272.01N/AN/A4761,1041,8491,983
2015-07-14$40.49$40.0021.6%4.6%22.2%62.4%16.4%5.3%0.2%-65.2K1.0M-13.7K2.2981.08N/AN/A4971,1401,8821,993
2015-07-15$40.33$40.0016.2%4.7%22.2%37.0%15.5%4.6%0.0%-194.7K1.4M-14.0K2.3778.22N/AN/A4971,1801,9212,028
2015-07-16$40.67$40.0012.9%3.7%22.4%21.2%13.8%4.1%0.6%-26.9K839.6K-13.9K2.3683.80N/AN/A5021,1851,9212,066
2015-07-17$40.60$40.0012.7%3.6%22.2%20.1%13.3%4.5%0.8%152.8K749.1K-13.2K2.3876.60N/AN/A5021,1951,9212,071
2015-07-20$40.68$40.0011.9%3.4%22.2%16.4%12.9%4.1%1.2%163.0K-1.0M-13.0K0.9689.77N/AN/A3773621,470840
2015-07-21$40.58$41.0012.0%3.4%21.1%17.1%12.9%3.4%1.2%149.1K-933.3K-13.2K0.9489.75N/AN/A3773541,491861
2015-07-22$40.24$41.0013.2%3.8%21.2%22.6%13.3%2.4%1.3%135.2K-529.4K-12.9K0.8089.00N/AN/A4913951,508881
2015-07-23$40.09$41.0012.4%3.6%21.1%18.9%12.6%3.5%2.1%124.8K-451.3K-13.3K0.8492.22N/AN/A4683911,532925
2015-07-24$39.70$41.0013.3%3.8%21.2%23.3%13.8%4.2%1.3%103.4K124.7K-13.0K0.8590.55N/AN/A4563891,525960
2015-07-27$39.42$41.0017.2%4.9%20.8%41.9%16.8%3.9%0.0%91.3K318.9K-12.4K0.8286.46N/AN/A4493701,526965
2015-07-28$39.90$41.0014.6%4.2%18.7%29.5%15.3%4.3%0.4%104.3K32.0K-13.1K0.8187.83N/AN/A4513641,529997
2015-07-29$40.06$41.0013.4%3.8%18.8%23.5%13.4%4.9%1.2%107.4K-178.8K-13.0K0.7793.91N/AN/A4693611,529988
2015-07-30$40.03$41.0012.7%3.7%18.7%20.5%13.1%2.5%1.8%116.4K-137.5K-12.8K1.2392.07N/AN/A2933611,568989
2015-07-31$40.21$41.0012.5%3.6%18.8%19.5%12.6%3.6%1.2%123.5K-328.0K-12.8K1.1692.83N/AN/A2893351,572989