VEA Options History — February 2019

In February 2019, VEA traded between $39.33 and $41.16. ATM implied volatility averaged 11.2%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded below realized volatility by 0.3% (HV 20d: 11.5%). Max pain ranged from $39.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.72.

Notable Days

  • 2019-02-26: Highest Volume — 554 contracts
  • 2019-02-08: Largest IV spike — 16.8% change
  • 2019-02-08: Highest IV Rank — 25.2%
  • 2019-02-08: Largest Expected Move — 3.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.27$39.33$41.16$39.82$40.84
Max Pain$39.84$39.00$40.00$40.00$40.00
ATM IV11.2%10.2%13.5%11.0%10.8%
Expected Move3.3%2.9%3.9%3.4%3.1%
HV 20d11.5%9.7%14.3%14.3%9.7%
HV 60d16.3%15.6%16.8%16.8%15.6%
IV Rank17.4%8.3%25.2%9.1%17.6%
IV Percentile40.1%28.2%56.3%38.5%38.5%
Term Structure1.1%-0.0%2.0%1.5%0.3%
VWIV12.0%10.9%14.9%12.0%12.7%
Skew 25d4.2%2.4%6.7%3.9%4.9%
Skew 10d4.8%-0.1%9.5%4.7%4.8%
Call IV 25d9.2%7.3%11.5%10.5%8.0%
Put IV 25d13.4%12.2%15.2%14.4%12.8%
Bid-Ask Spread %83.8064.07113.97105.6374.88
Gamma HHI0.540.400.750.610.57
Net GEX2.4M840.2K6.1M3.6M907.5K
Net DEX-18.3M-31.6M-6.4M-24.7M-6.8M
Net VEX-17.2K-29.8K-10.3K-29.8K-10.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.003.200.440.22
Total Volume213.52613554135141
Total OI7,418.5793,50310,3599,8613,507

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$39.82$40.0011.0%3.4%14.3%9.1%12.0%3.9%1.5%3.6M-24.7M-29.8K0.44105.63N/AN/A94419,539322
2019-02-04$39.97$40.0010.4%3.4%11.1%8.3%12.0%2.7%1.1%3.4M-26.4M-26.0K0.00104.15N/AN/A30919,540324
2019-02-05$40.28$40.0010.6%3.2%11.2%8.5%12.0%4.3%1.2%2.6M-30.1M-20.9K0.01102.60N/AN/A29739,831325
2019-02-06$40.07$40.0011.7%3.3%11.5%20.0%11.6%3.8%1.1%3.2M-28.1M-23.0K0.02113.97N/AN/A6519,831327
2019-02-07$39.58$40.0011.6%3.3%12.1%19.8%11.7%3.4%1.5%4.4M-22.5M-26.5K0.8978.98N/AN/A2312059,835524
2019-02-08$39.34$40.0013.5%3.9%12.2%25.2%13.2%5.8%1.1%5.0M-19.8M-25.6K3.2083.06N/AN/A642059,747529
2019-02-11$39.33$40.0013.0%3.7%11.9%23.7%14.9%3.1%0.7%6.1M-20.5M-21.6K0.1878.55N/AN/A1129,737529
2019-02-12$39.82$40.0011.2%3.2%12.4%18.7%12.2%3.7%1.6%3.4M-27.6M-16.8K0.4287.19N/AN/A24109,738531
2019-02-13$39.90$40.0011.4%3.3%12.4%19.3%11.4%3.1%1.9%2.6M-29.0M-15.1K0.1184.06N/AN/A102119,738531
2019-02-14$39.94$40.0011.6%3.3%12.3%19.9%11.4%2.4%2.0%1.6M-29.7M-13.7K0.1282.56N/AN/A98129,746532
2019-02-15$40.39$40.0011.9%3.4%12.8%20.6%10.9%4.0%1.6%1.1M-31.6M-13.5K1.2783.08N/AN/A1321679,760532
2019-02-19$40.61$39.0010.5%3.0%12.4%16.8%12.1%4.5%0.4%1.1M-6.5M-12.6K1.0374.09N/AN/A33343,106397
2019-02-20$40.77$39.0010.2%2.9%10.7%15.9%11.7%5.1%0.6%1.0M-7.1M-12.2K1.1577.98N/AN/A39453,139429
2019-02-21$40.62$39.0010.3%2.9%10.9%16.1%12.0%4.4%1.2%1.1M-6.4M-12.9K1.4271.03N/AN/A831183,146445
2019-02-22$40.82$40.0010.4%3.0%10.9%16.5%11.7%4.6%1.1%1.1M-7.1M-12.5K2.6980.59N/AN/A451213,191504
2019-02-25$40.92$40.0010.5%3.0%10.2%16.9%12.3%6.7%0.2%1.0M-7.8M-11.1K0.3577.62N/AN/A156553,194507
2019-02-26$41.16$40.0011.5%3.3%9.9%19.5%11.4%5.5%-0.0%972.6K-8.1M-11.6K0.0568.11N/AN/A527273,283551
2019-02-27$40.98$40.0010.9%3.1%10.1%18.0%10.9%4.4%0.8%840.2K-7.1M-10.3K0.0564.07N/AN/A521272,950556
2019-02-28$40.84$40.0010.8%3.1%9.7%17.6%12.7%4.9%0.3%907.5K-6.8M-10.3K0.2274.88N/AN/A116252,951556