VNQ Options History — July 2009

In July 2009, VNQ traded between $28.57 and $34.38. ATM implied volatility averaged 37.1%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 2.9% (HV 20d: 40.1%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2009-07-30: Highest Volume — 285 contracts
  • 2009-07-16: Largest IV spike — 24.6% change
  • 2009-07-20: Highest IV Rank — 24.4%
  • 2009-07-08: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.41$28.57$34.38$31.55$34.35
Max Pain$30.59$30.00$31.00$31.00$31.00
ATM IV37.1%32.1%43.3%32.1%33.2%
Expected Move11.0%9.2%12.9%9.2%9.5%
HV 20d40.1%36.0%43.1%36.3%36.0%
HV 60d58.2%48.5%71.6%71.6%48.5%
IV Rank18.9%14.4%24.4%14.4%15.5%
IV Percentile11.7%2.4%22.6%2.4%5.2%
Term Structure3.2%-0.5%9.2%6.5%6.2%
VWIV37.6%28.5%44.6%28.5%32.2%
Skew 25d6.5%-0.7%23.2%9.3%3.9%
Skew 10d9.3%-2.7%31.0%8.8%11.5%
Call IV 25d35.4%23.9%42.2%28.4%30.9%
Put IV 25d41.9%34.8%47.5%37.7%34.8%
Bid-Ask Spread %46.7428.1396.4690.5263.47
Gamma HHI0.160.120.220.130.13
Net GEX31.0K-56.5K118.2K-7.0K118.2K
Net DEX-958.6K-3.7M1.4M-530.6K-3.7M
Net VEX-14.9K-17.9K-12.6K-14.9K-17.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.044.410.190.24
Total Volume128.531285141160
Total OI3,382.1822,9283,8993,0993,899

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$31.55$31.0032.1%9.2%36.3%14.4%28.5%9.3%6.5%-7.0K-530.6K-14.9K0.1990.52N/AN/A118231,5181,581
2009-07-02$29.88$31.0034.3%9.8%38.2%16.4%37.2%-0.7%9.2%-19.5K185.2K-14.3K0.0796.46N/AN/A2921,6361,604
2009-07-06$30.63$30.0036.3%12.0%39.9%18.2%42.1%23.2%0.3%-13.3K184.6K-14.2K2.8828.13N/AN/A8231,6501,605
2009-07-07$29.44$30.0042.0%12.5%41.4%23.3%0.0%3.9%3.7%-29.5K502.6K-13.8K0.2532.87N/AN/A40101,6541,613
2009-07-08$29.16$30.0043.2%12.9%41.4%24.4%43.5%12.2%5.1%-41.1K932.7K-13.6K0.1539.83N/AN/A4161,6811,609
2009-07-09$28.61$30.0042.9%12.7%41.4%24.1%44.6%6.6%2.2%-46.1K1.1M-12.9K0.0432.02N/AN/A5421,7011,613
2009-07-10$28.57$30.0038.0%12.4%41.2%19.7%39.3%7.5%1.5%-51.3K1.4M-12.6K1.3538.96N/AN/A771041,7521,615
2009-07-13$29.65$30.0039.0%12.0%41.4%20.6%39.0%6.7%-0.5%-56.5K723.0K-13.3K0.1730.88N/AN/A162271,8091,664
2009-07-14$30.01$30.0041.7%12.0%38.7%23.0%37.3%9.7%0.6%-36.7K179.8K-14.3K0.1732.15N/AN/A105181,9591,671
2009-07-15$31.12$30.0032.2%11.5%40.7%14.5%39.3%7.0%1.1%48.0K-928.8K-15.0K0.3237.40N/AN/A122392,0421,685
2009-07-16$31.48$30.0040.1%11.5%40.3%21.6%38.6%7.5%-0.0%64.0K-1.2M-15.6K1.0537.29N/AN/A21222,1381,708
2009-07-17$30.64$31.0039.7%11.4%41.4%21.2%43.4%5.6%3.5%58.8K-696.9K-13.9K4.4133.96N/AN/A371632,0001,597
2009-07-20$31.72$31.0043.3%12.4%43.1%24.4%38.0%5.1%0.9%50.5K-1.1M-14.1K0.2841.72N/AN/A109311,7261,202
2009-07-21$31.63$31.0036.1%10.3%38.2%18.0%37.6%7.5%4.5%60.9K-1.2M-14.2K1.5630.34N/AN/A32501,8161,191
2009-07-22$31.67$31.0035.6%10.2%38.2%17.6%35.9%5.5%3.4%64.9K-1.3M-14.9K0.2237.91N/AN/A63141,8381,229
2009-07-23$32.93$31.0037.5%10.8%40.3%19.3%36.8%1.4%1.8%76.7K-2.1M-15.6K0.7053.15N/AN/A92641,8961,241
2009-07-24$33.16$31.0032.2%9.2%40.2%14.5%34.9%5.1%4.9%86.2K-2.3M-15.8K0.8044.91N/AN/A69551,9761,266
2009-07-27$33.64$31.0034.9%10.0%40.3%17.0%37.7%3.6%3.1%84.8K-2.6M-16.0K0.5946.72N/AN/A138822,0201,311
2009-07-28$33.61$31.0034.9%10.0%40.3%16.9%34.8%3.7%3.2%84.6K-2.6M-16.6K1.2148.13N/AN/A76922,0741,364
2009-07-29$33.19$31.0034.9%10.0%40.7%17.0%35.7%6.7%4.0%87.8K-2.5M-16.9K0.3256.60N/AN/A123392,1271,431
2009-07-30$34.38$31.0032.8%9.4%42.0%15.1%33.1%2.8%5.4%97.9K-3.5M-17.3K0.2974.79N/AN/A221642,2401,456
2009-07-31$34.35$31.0033.2%9.5%36.0%15.5%32.2%3.9%6.2%118.2K-3.7M-17.9K0.2463.47N/AN/A129312,4091,490