VNQ Options History — April 2007

In April 2007, VNQ traded between $78.81 and $81.30. ATM implied volatility averaged 18.0%. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 2.5% (HV 20d: 15.5%). Max pain ranged from $80.00 to $80.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 1.56.

Notable Days

  • 2007-04-25: Highest Volume — 67 contracts
  • 2007-04-09: Largest IV drop — 12.9% change
  • 2007-04-12: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$80.19$78.81$81.30$79.85$79.25
Max Pain$80.00$80.00$80.00$80.00$80.00
ATM IV18.0%15.5%19.9%18.5%17.0%
Expected Move5.2%4.4%5.7%5.3%4.9%
HV 20d15.5%12.6%22.4%22.4%13.2%
HV 60d20.7%20.4%21.1%21.1%20.8%
Term Structure0.5%-0.8%2.7%0.5%0.9%
VWIV18.2%16.7%19.3%19.1%16.7%
Skew 25d2.8%-4.5%5.9%5.9%2.4%
Skew 10d2.0%-4.3%9.2%9.2%2.3%
Call IV 25d16.9%14.8%20.0%15.9%15.9%
Put IV 25d19.7%12.9%21.9%21.9%18.3%
Bid-Ask Spread %65.6539.61120.3682.8567.82
Gamma HHI0.120.100.140.110.10
Net GEX41.7K31.6K56.5K31.6K40.2K
Net DEX-371.0K-581.8K-158.0K-258.9K-189.6K
Net VEX-5.5K-5.9K-4.3K-5.6K-4.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.560.0012.000.0012.00
Total Volume14.85067114
Total OI414.8363475378363

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-04-02$79.85$80.0018.5%5.3%22.4%0.0%0.0%5.9%0.5%31.6K-258.9K-5.6K0.0082.85N/AN/A10242136
2007-04-03$80.55$80.0018.4%5.3%18.7%0.0%19.1%4.7%0.1%34.8K-379.6K-5.6K0.0089.34N/AN/A03242136
2007-04-04$80.15$80.0019.0%5.5%18.0%0.0%18.1%4.3%-0.2%32.7K-300.3K-5.6K0.5092.22N/AN/A21242136
2007-04-05$80.07$80.0018.7%5.4%17.2%0.0%0.0%4.0%0.7%33.1K-326.6K-5.5K0.0092.88N/AN/A10242137
2007-04-09$80.22$80.0016.3%5.6%16.6%0.0%0.0%2.8%-0.7%33.6K-322.4K-5.3K0.0050.34N/AN/A00242137
2007-04-10$80.55$80.0017.6%5.4%16.5%0.0%0.0%3.3%0.6%35.6K-342.4K-5.3K0.0339.61N/AN/A602242137
2007-04-11$79.35$80.0019.8%5.7%15.1%0.0%19.3%3.5%-0.8%45.6K-337.8K-5.7K1.8546.90N/AN/A2037284137
2007-04-12$78.81$80.0019.9%5.7%15.2%0.0%0.0%3.7%-0.3%43.0K-158.0K-5.7K0.0041.30N/AN/A00302155
2007-04-13$79.70$80.0019.6%5.6%15.4%0.0%0.0%-1.2%1.8%46.2K-329.3K-5.8K0.0090.94N/AN/A00302155
2007-04-16$79.80$80.0019.2%5.5%14.8%0.0%0.0%3.4%0.4%48.6K-339.5K-5.7K0.0041.45N/AN/A40302155
2007-04-17$80.84$80.0019.0%5.4%15.1%0.0%0.0%2.8%0.0%56.5K-581.8K-5.7K2.2048.19N/AN/A511302155
2007-04-18$80.34$80.0019.3%5.5%15.2%0.0%0.0%2.9%1.3%49.3K-464.5K-5.9K0.0045.46N/AN/A200307166
2007-04-19$79.80$80.0018.8%5.4%14.8%0.0%0.0%3.1%0.8%45.0K-302.0K-5.8K0.0046.19N/AN/A00309166
2007-04-20$80.40$80.0018.9%5.4%15.0%0.0%0.0%3.6%0.7%47.7K-428.0K-5.8K0.0049.40N/AN/A00309166
2007-04-23$81.30$80.0017.0%4.9%15.6%0.0%17.7%3.7%0.5%41.9K-579.8K-5.6K0.2170.41N/AN/A194271146
2007-04-24$80.75$80.0016.8%4.8%13.6%0.0%0.0%2.7%0.9%43.7K-501.3K-5.5K0.0060.22N/AN/A00271146
2007-04-25$80.70$80.0015.7%4.5%12.9%0.0%16.7%-4.5%2.7%43.6K-548.9K-5.6K0.31120.36N/AN/A5116271146
2007-04-26$80.75$80.0015.7%4.5%12.6%0.0%0.0%1.8%0.4%39.5K-366.4K-4.8K12.0070.87N/AN/A224241131
2007-04-27$80.55$80.0015.5%4.4%12.6%0.0%0.0%3.1%0.7%40.9K-362.6K-4.7K0.0066.26N/AN/A00241126
2007-04-30$79.25$80.0017.0%4.9%13.2%0.0%0.0%2.4%0.9%40.2K-189.6K-4.3K0.0067.82N/AN/A014241122