VNQ Options History — February 2013

In February 2013, VNQ traded between $68.19 and $69.79. ATM implied volatility averaged 9.8%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 2.9%. IV traded above realized volatility by 1.5% (HV 20d: 8.3%). Max pain ranged from $66.00 to $66.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 3.69.

Notable Days

  • 2013-02-04: Highest Volume — 671 contracts
  • 2013-02-25: Largest IV spike — 53.5% change
  • 2013-02-25: Highest IV Rank — 33.2%
  • 2013-02-25: Largest Expected Move — 4.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$68.97$68.19$69.79$68.66$69.09
Max Pain$66.00$66.00$66.00$66.00$66.00
ATM IV9.8%7.9%13.8%8.3%10.3%
Expected Move2.9%2.4%4.0%2.9%3.0%
HV 20d8.3%6.2%12.0%6.2%11.5%
HV 60d9.0%8.1%9.7%9.7%9.6%
IV Rank11.1%0.7%33.2%2.9%14.0%
IV Percentile11.6%0.4%49.6%1.6%14.7%
Term Structure1.4%-1.0%2.9%1.7%0.5%
VWIV9.8%8.2%12.4%9.3%8.8%
Skew 25d3.2%2.0%4.9%3.5%2.2%
Skew 10d6.2%1.4%10.9%7.4%1.4%
Call IV 25d8.6%5.5%11.5%8.4%8.7%
Put IV 25d11.8%10.5%15.0%11.9%10.9%
Bid-Ask Spread %60.4528.1885.4880.6128.18
Gamma HHI0.290.220.410.290.29
Net GEX2.6M1.6M3.5M2.4M3.4M
Net DEX-20.2M-27.6M-13.4M-20.5M-18.1M
Net VEX-58.0K-69.6K-51.9K-69.6K-54.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.690.0532.5515.780.65
Total Volume190.211767153799
Total OI8,454.9477,0039,5329,0017,841

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-02-01$68.66$66.008.3%2.9%6.2%2.9%9.3%3.5%1.7%2.4M-20.5M-69.6K15.7880.61N/AN/A325056,5112,490
2013-02-04$68.50$66.009.6%3.2%6.3%9.7%10.0%2.5%0.8%2.7M-19.7M-67.3K32.5583.92N/AN/A206516,5332,277
2013-02-05$68.34$66.008.8%3.0%6.4%5.5%0.0%2.4%1.9%2.1M-18.0M-66.1K4.3883.70N/AN/A261146,5402,678
2013-02-06$68.58$66.007.9%2.7%6.3%0.7%9.2%2.5%2.7%1.9M-19.4M-64.4K1.5581.19N/AN/A761186,5422,792
2013-02-07$68.29$66.0010.7%3.1%6.6%16.2%9.7%3.0%1.7%1.6M-17.6M-66.3K8.3882.56N/AN/A262186,5492,909
2013-02-08$68.92$66.009.3%2.7%7.2%8.1%10.8%3.4%2.2%1.7M-22.4M-60.8K0.5085.30N/AN/A1686,5432,924
2013-02-11$69.02$66.009.6%2.8%7.2%10.2%8.9%3.4%1.9%1.8M-23.8M-58.8K0.0572.04N/AN/A8046,5432,923
2013-02-12$69.54$66.008.8%2.5%7.5%5.8%10.0%4.8%2.4%2.4M-27.4M-57.0K0.0985.48N/AN/A139126,5722,920
2013-02-13$69.50$66.0010.0%2.9%7.4%12.0%10.0%2.5%1.9%2.4M-27.6M-57.3K0.1775.37N/AN/A616,6092,923
2013-02-14$69.21$66.009.2%2.6%7.6%7.9%8.2%2.0%2.5%2.6M-24.3M-55.8K0.4377.08N/AN/A47206,2792,518
2013-02-15$69.24$66.009.3%2.7%7.6%8.0%9.0%3.3%2.9%2.9M-24.1M-54.6K0.4881.93N/AN/A102496,2782,538
2013-02-19$69.79$66.008.2%2.4%7.9%2.3%8.9%4.9%1.2%3.5M-20.8M-52.4K0.4940.08N/AN/A111545,3281,675
2013-02-20$69.34$66.0010.5%3.0%8.2%14.7%9.5%2.5%0.5%3.1M-19.5M-54.2K0.2530.69N/AN/A253625,4331,724
2013-02-21$68.82$66.0011.0%3.1%8.7%17.7%11.7%3.1%-0.2%2.9M-15.7M-54.0K1.1629.70N/AN/A31365,5591,759
2013-02-22$69.51$66.009.0%2.6%9.4%6.5%8.6%4.6%1.6%3.5M-19.0M-52.6K0.3028.91N/AN/A40125,5721,794
2013-02-25$68.19$66.0013.8%4.0%11.5%33.2%12.4%3.4%-1.0%2.5M-13.4M-51.9K1.1934.04N/AN/A68815,5911,804
2013-02-26$68.66$66.0011.4%3.3%11.8%20.2%11.5%3.9%0.2%2.8M-14.9M-52.4K1.5038.26N/AN/A901355,6381,883
2013-02-27$69.16$66.0010.4%3.0%12.0%14.6%10.2%2.5%0.8%3.4M-17.9M-52.2K0.1629.41N/AN/A235375,7191,933
2013-02-28$69.09$66.0010.3%3.0%11.5%14.0%8.8%2.2%0.5%3.4M-18.1M-54.2K0.6528.18N/AN/A60395,8811,960