VEA Options History — April 2023

In April 2023, VEA traded between $45.17 and $46.50. ATM implied volatility averaged 14.8%, placing in the 4.4% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 2.1% (HV 20d: 12.7%). Max pain ranged from $44.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 0.37.

Notable Days

  • 2023-04-26: Highest Volume — 519 contracts
  • 2023-04-11: Largest IV drop — 14.5% change
  • 2023-04-10: Highest IV Rank — 12.1%
  • 2023-04-10: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.94$45.17$46.50$45.48$46.30
Max Pain$44.84$44.00$45.00$44.00$45.00
ATM IV14.8%13.7%16.4%15.2%14.1%
Expected Move4.3%3.9%4.7%4.3%4.0%
HV 20d12.7%9.3%18.0%18.0%10.4%
HV 60d14.0%13.6%14.9%14.9%14.1%
IV Rank4.4%0.0%12.1%5.6%2.1%
IV Percentile2.7%0.0%10.3%2.0%1.2%
Term Structure0.8%0.0%1.5%1.0%0.1%
VWIV13.5%11.3%14.9%14.2%13.1%
Skew 25d4.3%2.5%5.6%3.0%3.4%
Skew 10d9.2%-0.4%12.7%8.1%6.5%
Call IV 25d12.3%11.0%13.6%13.5%11.8%
Put IV 25d16.6%14.9%18.7%16.5%15.2%
Bid-Ask Spread %47.4722.8675.5241.9833.39
Gamma HHI0.220.200.290.200.23
Net GEX1.1M877.6K1.5M877.6K1.2M
Net DEX-10.9M-13.2M-8.7M-9.1M-11.8M
Net VEX-35.7K-40.5K-33.6K-35.6K-40.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.002.540.050.91
Total Volume166.10513519291214
Total OI5,948.7375,3796,4055,3796,405

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$45.48$44.0015.2%4.3%18.0%5.6%14.2%3.0%1.0%877.6K-9.1M-35.6K0.0541.98N/AN/A278134,540839
2023-04-04$45.42$44.0015.1%4.3%16.8%5.1%14.8%2.5%1.5%936.8K-9.7M-37.4K0.3968.30N/AN/A107424,798841
2023-04-05$45.17$44.0015.7%4.5%17.0%8.1%14.9%5.0%0.6%914.6K-8.7M-36.8K0.3732.83N/AN/A164604,844883
2023-04-06$45.33$45.0015.4%4.6%16.5%6.6%13.4%4.6%0.9%973.9K-9.2M-37.4K0.0461.05N/AN/A4624,898924
2023-04-10$45.31$45.0016.4%4.7%16.0%12.1%14.8%5.6%0.5%1.0M-9.2M-35.9K0.0067.46N/AN/A1304,935925
2023-04-11$45.59$45.0014.0%4.2%16.0%0.0%13.4%5.0%0.8%1.1M-10.1M-36.3K0.0869.16N/AN/A2524,947925
2023-04-12$45.84$45.0014.6%4.2%15.9%3.4%13.5%3.9%1.0%1.1M-10.9M-35.5K0.6865.88N/AN/A78534,961926
2023-04-13$46.50$45.0015.2%4.4%11.6%6.4%12.4%4.7%0.0%1.1M-12.7M-35.6K0.3272.77N/AN/A82264,993977
2023-04-14$46.28$45.0014.5%4.1%11.1%2.4%14.4%4.3%1.0%1.1M-12.0M-35.1K0.0362.45N/AN/A11545,038994
2023-04-17$46.16$45.0014.3%4.1%10.4%1.7%11.3%3.5%0.7%1.2M-11.9M-34.5K0.0275.52N/AN/A21955,061995
2023-04-18$46.42$45.0014.4%4.1%10.2%2.0%13.1%4.1%0.8%1.2M-12.7M-34.1K0.1724.83N/AN/A59105,161994
2023-04-19$46.23$45.0013.9%4.0%9.8%0.0%13.2%3.9%1.0%1.3M-12.3M-34.0K0.4424.34N/AN/A109485,211999
2023-04-20$46.16$45.0014.4%4.1%9.9%2.6%12.5%4.7%0.7%1.5M-12.2M-34.3K0.0922.86N/AN/A108105,2221,035
2023-04-21$46.36$45.0013.7%3.9%9.7%0.0%12.2%4.3%0.9%1.0M-13.2M-34.1K0.1235.52N/AN/A340405,2581,043
2023-04-24$46.47$45.0014.6%4.2%9.3%4.9%13.4%4.9%0.8%1.1M-11.1M-33.6K0.6226.96N/AN/A76474,820816
2023-04-25$45.83$45.0015.0%4.3%10.8%7.1%14.9%4.5%0.9%985.8K-9.4M-33.6K2.5434.56N/AN/A24614,889856
2023-04-26$45.72$45.0015.3%4.4%11.0%8.6%14.0%4.9%0.7%958.8K-9.1M-33.6K0.0348.97N/AN/A506134,907905
2023-04-27$46.31$45.0014.6%4.2%11.1%4.8%13.1%4.9%0.7%1.1M-11.5M-40.1K0.1933.02N/AN/A132255,346915
2023-04-28$46.30$45.0014.1%4.0%10.4%2.1%0.0%3.4%0.1%1.2M-11.8M-40.5K0.9133.39N/AN/A1121025,473932