VNQ Options History — January 2007

In January 2007, VNQ traded between $75.79 and $83.76. ATM implied volatility averaged 14.0%. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 0.2% (HV 20d: 13.7%). Max pain ranged from $75.00 to $79.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-01-22: Highest Volume — 15 contracts
  • 2007-01-22: Largest IV spike — 15.1% change
  • 2007-01-08: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$79.84$75.79$83.76$77.12$83.76
Max Pain$75.44$75.00$79.00$79.00$75.00
ATM IV14.0%12.7%16.0%13.6%13.1%
Expected Move4.2%3.7%4.8%3.9%3.8%
HV 20d13.7%13.0%14.6%14.6%13.0%
Term Structure1.7%-0.3%3.3%2.4%1.4%
VWIV13.6%10.7%17.6%17.6%13.8%
Skew 25d2.9%-1.9%5.3%4.9%1.9%
Skew 10d1.8%-4.7%7.5%4.4%-0.7%
Call IV 25d12.8%9.7%15.3%9.7%12.3%
Put IV 25d15.6%13.2%18.6%14.6%14.2%
Bid-Ask Spread %83.4446.4199.8894.8397.62
Gamma HHI0.480.310.770.760.31
Net GEX13.3K2.6K27.5K5.1K24.1K
Net DEX-140.3K-342.0K-5.2K-27.2K-342.0K
Net VEX-413-641-140-140-570
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.8501500
Total OI37.913641364

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-01-03$77.12$0.0013.6%3.9%0.0%0.0%0.0%4.9%2.4%5.1K-27.2K-1400.0094.83N/AN/A00112
2007-01-04$77.22$0.0013.5%3.9%0.0%0.0%0.0%3.1%2.6%5.3K-28.3K-1400.0097.65N/AN/A03112
2007-01-05$75.79$79.0012.7%4.7%0.0%0.0%0.0%4.8%1.7%3.2K-8.0K-1610.0046.41N/AN/A01115
2007-01-08$75.90$79.0012.7%4.8%0.0%0.0%17.6%3.8%1.8%3.0K-5.2K-1670.0050.36N/AN/A03116
2007-01-09$76.86$75.0013.6%4.6%0.0%0.0%0.0%3.4%2.5%2.6K-7.4K-2020.0057.90N/AN/A00119
2007-01-10$77.85$75.0013.0%4.4%0.0%0.0%0.0%2.8%1.9%3.8K-20.5K-1970.0063.82N/AN/A90119
2007-01-11$78.86$75.0014.0%4.0%0.0%0.0%0.0%0.1%1.6%7.3K-72.4K-3650.0096.41N/AN/A00209
2007-01-12$79.11$75.0014.1%4.0%0.0%0.0%11.7%-0.6%1.7%7.7K-76.9K-3600.0098.88N/AN/A20209
2007-01-16$80.24$75.0014.9%4.3%0.0%0.0%0.0%-1.9%-0.3%9.0K-108.3K-3350.0099.88N/AN/A00229
2007-01-17$80.20$75.0014.6%4.2%0.0%0.0%0.0%3.6%2.4%8.4K-106.2K-3410.0081.36N/AN/A100229
2007-01-18$80.10$75.0014.8%4.2%0.0%0.0%0.0%5.3%0.7%11.8K-145.8K-5410.0082.64N/AN/A00329
2007-01-19$80.90$75.0013.9%4.0%0.0%0.0%10.7%3.3%1.3%11.5K-163.3K-5150.0083.18N/AN/A20329
2007-01-22$80.22$75.0016.0%4.6%0.0%0.0%14.4%3.3%1.7%11.6K-149.1K-5380.0079.79N/AN/A150329
2007-01-23$80.60$75.0015.3%4.4%0.0%0.0%0.0%3.2%0.2%23.4K-195.5K-6410.0082.35N/AN/A00479
2007-01-24$81.65$75.0013.4%3.8%0.0%0.0%0.0%3.2%2.1%24.5K-235.6K-6140.0086.23N/AN/A01479
2007-01-25$82.15$75.0014.7%4.2%14.6%0.0%13.7%1.9%0.2%23.5K-256.0K-6020.0091.35N/AN/A304710
2007-01-26$82.42$75.0014.8%4.3%14.1%0.0%0.0%4.7%3.0%25.7K-269.1K-6270.0089.72N/AN/A005010
2007-01-29$82.69$75.0012.9%3.7%13.7%0.0%0.0%3.4%3.3%27.5K-281.2K-5830.0092.61N/AN/A305010
2007-01-30$83.10$75.0013.8%3.9%13.3%0.0%13.8%3.2%1.4%26.3K-307.4K-6190.0095.77N/AN/A505310
2007-01-31$83.76$75.0013.1%3.8%13.0%0.0%0.0%1.9%1.4%24.1K-342.0K-5700.0097.62N/AN/A005410