VNQ Options History — June 2009

In June 2009, VNQ traded between $29.81 and $34.53. ATM implied volatility averaged 48.7%, placing in the 29.2% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 2.8% (HV 20d: 51.5%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 2.07.

Notable Days

  • 2009-06-17: Highest Volume — 400 contracts
  • 2009-06-05: Largest IV spike — 25.7% change
  • 2009-06-05: Highest IV Rank — 43.0%
  • 2009-06-05: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.17$29.81$34.53$34.23$31.01
Max Pain$30.82$30.00$31.00$30.00$31.00
ATM IV48.7%34.9%64.1%56.6%37.7%
Expected Move13.8%10.0%17.0%16.2%10.8%
HV 20d51.5%35.5%72.4%72.4%35.5%
HV 60d83.3%71.6%94.5%94.4%71.6%
IV Rank29.2%16.9%43.0%36.3%19.5%
IV Percentile26.4%8.3%40.5%33.7%13.5%
Term Structure1.1%-14.6%9.4%-0.3%5.2%
VWIV48.0%36.2%64.2%60.6%37.7%
Skew 25d10.4%1.1%45.4%15.0%8.2%
Skew 10d20.3%-11.0%44.3%19.8%16.9%
Call IV 25d42.4%28.0%63.7%43.6%31.2%
Put IV 25d52.7%36.3%85.2%58.6%39.4%
Bid-Ask Spread %85.2830.74144.47112.20104.59
Gamma HHI0.150.100.280.140.14
Net GEX54.6K-32.0K187.1K94.8K-15.4K
Net DEX-1.6M-3.7M276.6K-3.2M-361.5K
Net VEX-13.6K-15.4K-12.3K-13.3K-14.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.070.066.970.061.12
Total Volume140.9551540056155
Total OI4,106.8182,5215,1514,2602,988

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-06-01$34.23$30.0056.6%16.2%72.4%36.3%60.6%15.0%-0.3%94.8K-3.2M-13.3K0.06112.20N/AN/A5332,3331,927
2009-06-02$33.52$30.0057.8%16.6%67.4%37.4%53.8%9.4%-3.0%83.6K-3.1M-13.9K0.0797.70N/AN/A1412,3671,928
2009-06-03$33.46$30.0056.5%16.2%65.9%36.2%50.7%10.5%0.3%87.4K-2.9M-13.8K0.6985.99N/AN/A32222,3771,929
2009-06-04$34.53$30.0051.0%14.6%65.5%31.3%48.1%9.1%2.8%109.5K-3.7M-12.9K1.17103.73N/AN/A1091272,3971,936
2009-06-05$34.44$31.0064.1%17.0%61.5%43.0%53.8%8.1%-3.9%89.2K-3.6M-15.4K2.83142.28N/AN/A6172,4892,063
2009-06-08$33.81$31.0055.8%15.3%57.7%35.5%59.2%11.8%1.3%107.2K-3.4M-14.4K3.8932.55N/AN/A9352,4952,061
2009-06-09$33.81$31.0055.2%14.6%55.8%35.1%49.8%8.6%5.3%117.0K-3.3M-14.1K3.9730.74N/AN/A321272,5042,076
2009-06-10$33.22$31.0053.0%14.6%56.2%33.0%55.7%8.7%2.5%111.6K-2.7M-14.2K6.9752.12N/AN/A302092,5352,193
2009-06-11$32.54$31.0047.4%13.6%50.7%28.1%53.2%10.6%5.3%106.2K-2.3M-14.3K2.1853.08N/AN/A39852,5352,392
2009-06-12$33.72$31.0048.0%13.8%51.5%28.6%49.7%9.0%3.4%187.1K-2.9M-13.2K1.8963.73N/AN/A28532,5602,437
2009-06-15$32.12$31.0050.5%14.5%53.2%30.9%44.3%45.4%-14.6%107.1K-1.7M-13.2K0.2572.22N/AN/A83212,5822,454
2009-06-16$31.53$31.0047.8%13.7%46.1%28.5%51.6%7.3%1.8%69.0K-1.2M-13.3K4.3768.14N/AN/A19832,6462,465
2009-06-17$30.93$31.0044.6%12.8%46.1%25.6%64.2%1.1%0.1%23.5K-909.8K-14.0K5.25113.41N/AN/A643362,6422,509
2009-06-18$31.14$31.0050.4%14.4%46.0%30.7%51.3%6.4%0.7%18.9K-565.8K-12.3K0.6959.36N/AN/A138952,6542,332
2009-06-19$31.45$31.0048.0%13.8%46.2%28.7%38.5%9.4%1.3%50.1K-883.0K-12.7K1.0155.61N/AN/A1481492,7062,360
2009-06-22$29.81$31.0043.6%12.5%49.3%24.7%36.2%16.9%-0.8%-18.4K104.0K-12.6K4.24144.47N/AN/A251061,2221,299
2009-06-23$30.03$31.0045.5%13.0%44.3%26.4%41.4%5.7%0.8%-23.7K276.6K-12.9K1.3289.73N/AN/A1111461,2271,362
2009-06-24$30.19$31.0044.0%12.6%42.6%25.1%36.8%7.5%3.1%-28.1K185.8K-13.7K0.8290.14N/AN/A51421,2821,473
2009-06-25$30.59$31.0038.6%11.1%42.5%20.2%40.8%7.8%-0.9%-32.0K206.8K-13.6K0.6291.69N/AN/A65401,3271,489
2009-06-26$30.85$31.0034.9%10.0%40.8%16.9%38.7%7.4%9.4%-25.4K-97.3K-14.0K0.8197.97N/AN/A43351,3771,509
2009-06-29$30.83$31.0039.9%11.4%35.8%21.4%39.7%4.3%5.4%-18.4K-214.8K-13.9K1.25114.79N/AN/A51641,4181,493
2009-06-30$31.01$31.0037.7%10.8%35.5%19.5%37.7%8.2%5.2%-15.4K-361.5K-14.2K1.12104.59N/AN/A73821,4581,530