VNQ Options History — September 2007

In September 2007, VNQ traded between $66.95 and $73.23. ATM implied volatility averaged 30.7%, placing in the 61.6% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded below realized volatility by 1.8% (HV 20d: 32.5%). Max pain ranged from $66.00 to $71.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.26.

Notable Days

  • 2007-09-21: Highest Volume — 44 contracts
  • 2007-09-24: Largest IV spike — 23.6% change
  • 2007-09-10: Highest IV Rank — 74.3%
  • 2007-09-07: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.26$66.95$73.23$70.40$71.46
Max Pain$68.37$66.00$71.00$71.00$71.00
ATM IV30.7%25.8%34.6%30.7%26.8%
Expected Move8.8%7.4%9.9%8.8%7.7%
HV 20d32.5%28.2%37.3%36.1%28.6%
HV 60d31.0%30.5%31.6%30.5%31.3%
IV Rank61.6%45.5%74.3%61.7%48.8%
IV Percentile82.7%73.9%90.7%85.7%75.3%
Term Structure-2.7%-6.0%1.3%-0.4%1.3%
VWIV30.1%25.7%34.5%34.5%25.7%
Skew 25d8.6%4.4%20.5%7.6%5.0%
Skew 10d10.7%3.2%22.2%21.0%3.2%
Call IV 25d26.9%22.0%30.5%26.8%25.0%
Put IV 25d35.5%30.0%44.6%34.4%30.0%
Bid-Ask Spread %63.7326.15160.1578.9651.15
Gamma HHI0.130.090.280.110.10
Net GEX25.1K3.3K58.8K26.5K16.2K
Net DEX57.5K-332.3K431.2K24.1K-317.6K
Net VEX-4.8K-5.4K-4.1K-5.2K-5.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.001.500.000.00
Total Volume9.47404412
Total OI548.737381612593429

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-09-04$70.40$71.0030.7%8.8%36.1%61.7%34.5%7.6%-0.4%26.5K24.1K-5.2K0.0078.96N/AN/A01402191
2007-09-05$68.71$71.0031.9%9.1%37.3%65.5%0.0%8.4%-1.2%21.7K182.2K-4.8K0.0080.70N/AN/A00402191
2007-09-06$69.32$71.0031.8%9.1%34.8%65.3%0.0%8.5%-0.9%23.4K172.6K-4.9K0.0081.28N/AN/A00402191
2007-09-07$67.65$66.0033.8%9.9%35.6%71.8%0.0%7.8%-2.8%18.3K410.6K-4.3K0.0088.36N/AN/A00402191
2007-09-10$66.95$66.0034.6%9.3%34.1%74.3%0.0%8.1%-5.3%15.2K431.2K-4.1K0.0031.68N/AN/A02402191
2007-09-11$68.34$66.0031.7%8.9%34.8%64.8%0.0%8.2%-4.2%20.0K371.5K-4.3K0.0027.89N/AN/A150402191
2007-09-12$67.94$66.0031.4%8.9%32.7%63.8%0.0%8.6%-6.0%21.5K345.1K-4.3K0.0028.56N/AN/A20405191
2007-09-13$69.47$66.0033.0%9.4%32.6%69.0%31.1%8.2%-4.9%28.9K200.2K-4.7K1.1426.15N/AN/A78407190
2007-09-14$69.92$66.0031.8%9.1%29.9%65.4%0.0%7.9%-3.7%32.6K157.4K-4.8K0.1026.49N/AN/A101409191
2007-09-17$69.41$66.0032.4%9.3%29.2%67.4%0.0%8.2%-5.8%38.3K180.4K-4.6K0.0028.00N/AN/A20413190
2007-09-18$71.88$66.0032.7%9.4%31.0%68.1%0.0%20.5%-5.9%22.8K211.9K-4.5K0.00144.28N/AN/A00374227
2007-09-19$73.23$66.0030.7%8.8%31.5%61.7%27.7%11.8%-1.9%39.4K-332.3K-5.1K1.50152.44N/AN/A23412190
2007-09-20$71.33$66.0030.4%8.7%33.0%60.7%31.1%6.2%-3.5%54.0K-109.6K-4.7K0.0033.19N/AN/A012412188
2007-09-21$71.84$71.0025.8%7.4%32.3%45.5%30.2%5.7%-2.1%58.8K-96.1K-4.6K0.3338.21N/AN/A3311412200
2007-09-24$72.45$71.0031.8%9.1%32.4%65.4%0.0%17.6%-2.3%3.3K-70.5K-4.8K0.00160.15N/AN/A370210171
2007-09-25$70.65$71.0028.6%8.2%32.7%54.8%0.0%5.4%-2.4%11.2K-194.6K-5.2K0.0037.18N/AN/A110239171
2007-09-26$71.68$71.0026.5%7.6%30.5%48.0%0.0%5.5%0.4%10.5K-188.8K-5.3K0.0044.55N/AN/A180240171
2007-09-27$72.23$71.0026.6%7.6%28.2%48.4%0.0%4.4%-0.4%15.2K-285.4K-5.4K0.0051.63N/AN/A30255171
2007-09-28$71.46$71.0026.8%7.7%28.6%48.8%25.7%5.0%1.3%16.2K-317.6K-5.4K0.0051.15N/AN/A20258171