VNQ Options History — April 2014

In April 2014, VNQ traded between $70.47 and $72.94. ATM implied volatility averaged 10.9%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 3.2%. IV traded above realized volatility by 0.3% (HV 20d: 10.6%). Max pain ranged from $68.00 to $71.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.88.

Notable Days

  • 2014-04-17: Highest Volume — 2,188 contracts
  • 2014-04-10: Largest IV spike — 42.3% change
  • 2014-04-11: Highest IV Rank — 34.6%
  • 2014-04-11: Largest Expected Move — 3.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.70$70.47$72.94$70.94$72.94
Max Pain$69.81$68.00$71.00$71.00$71.00
ATM IV10.9%8.6%13.7%10.7%9.9%
Expected Move3.2%2.8%3.9%3.1%2.8%
HV 20d10.6%8.7%12.4%12.1%8.7%
HV 60d11.1%9.9%11.5%11.5%9.9%
IV Rank17.3%2.9%34.6%16.0%11.2%
IV Percentile15.2%0.4%46.4%11.9%3.6%
Term Structure0.7%-0.3%1.1%1.0%0.8%
VWIV11.4%9.3%13.7%10.3%10.9%
Skew 25d2.9%2.1%3.5%3.0%2.2%
Skew 10d7.1%2.6%9.5%8.9%8.2%
Call IV 25d10.0%8.7%11.6%9.6%9.4%
Put IV 25d12.9%11.6%14.9%12.6%11.6%
Bid-Ask Spread %79.1870.2987.4281.5087.42
Gamma HHI0.360.170.530.380.37
Net GEX3.2M1.5M6.2M3.0M2.9M
Net DEX-13.7M-27.5M-6.4M-7.6M-17.6M
Net VEX-80.2K-85.4K-72.9K-84.6K-78.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.023.410.830.36
Total Volume283.476522,188126120
Total OI10,302.5718,42511,30410,5799,687

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-04-01$70.94$71.0010.7%3.1%12.1%16.0%10.3%3.0%1.0%3.0M-7.6M-84.6K0.8381.50N/AN/A69576,5384,041
2014-04-02$71.00$71.0010.6%3.0%12.1%15.8%11.6%3.3%1.0%3.1M-8.7M-84.5K0.0279.93N/AN/A22156,5593,987
2014-04-03$70.85$71.0010.5%3.0%11.7%14.8%10.9%3.2%0.9%3.3M-8.1M-85.4K0.2178.25N/AN/A4396,7773,989
2014-04-04$71.09$68.0010.4%3.3%11.1%14.3%11.8%2.1%0.7%3.4M-10.3M-83.3K0.2776.94N/AN/A162446,8173,998
2014-04-07$71.32$69.0011.6%3.4%10.9%22.0%12.6%2.7%0.2%3.5M-12.6M-83.1K0.3270.29N/AN/A179586,9344,025
2014-04-08$71.76$69.009.8%3.1%10.9%10.7%11.4%3.1%0.7%3.5M-16.7M-80.3K0.4670.73N/AN/A144667,0524,016
2014-04-09$71.58$69.008.6%3.2%10.9%2.9%12.2%2.4%0.6%4.0M-15.3M-82.5K0.5976.29N/AN/A96577,1304,045
2014-04-10$70.90$69.0012.2%3.5%11.4%25.4%13.7%2.9%0.3%4.2M-10.0M-82.2K0.1874.76N/AN/A87167,1944,044
2014-04-11$70.47$69.0013.7%3.9%11.6%34.6%12.8%3.3%-0.3%4.1M-6.4M-82.7K0.5071.98N/AN/A60307,2484,056
2014-04-14$70.89$69.0012.4%3.5%11.7%26.5%0.0%2.8%-0.1%6.2M-10.2M-75.5K3.4176.73N/AN/A22757,2553,873
2014-04-15$71.73$69.0011.2%3.2%12.4%19.3%11.5%3.3%1.1%4.1M-20.9M-77.2K0.2778.35N/AN/A260707,2613,750
2014-04-16$72.19$70.0011.1%3.2%10.1%19.0%11.2%3.4%1.0%1.5M-27.5M-73.9K0.1483.00N/AN/A111167,4003,534
2014-04-17$71.77$70.0010.9%3.1%10.5%17.3%10.6%2.9%1.1%3.8M-24.1M-74.8K0.0681.48N/AN/A2,0611277,4223,534
2014-04-21$72.18$70.0011.0%3.2%10.2%18.2%11.1%3.3%0.2%2.4M-12.4M-72.9K1.9682.00N/AN/A23455,6742,751
2014-04-22$72.34$70.0010.6%3.0%9.8%15.6%10.4%3.5%1.0%2.5M-13.5M-73.7K3.2783.69N/AN/A1615275,6942,779
2014-04-23$72.05$70.0010.5%3.0%10.0%14.9%10.4%2.4%0.9%2.2M-10.4M-79.8K0.0277.98N/AN/A29365,8393,288
2014-04-24$72.35$70.0010.7%3.1%8.8%16.4%9.3%3.1%0.6%2.5M-12.8M-82.2K0.0385.45N/AN/A21666,0673,292
2014-04-25$72.07$70.0011.3%3.2%8.9%20.1%10.9%2.6%0.6%2.4M-12.0M-81.6K0.8982.15N/AN/A36326,2673,298
2014-04-28$72.63$70.0010.5%3.0%9.1%14.9%11.5%2.6%0.8%2.6M-14.9M-83.8K3.1282.04N/AN/A672096,2823,328
2014-04-29$72.68$71.0010.2%2.9%8.7%13.3%12.4%2.4%1.1%2.8M-15.3M-82.0K1.5881.85N/AN/A26416,3293,300
2014-04-30$72.94$71.009.9%2.8%8.7%11.2%10.9%2.2%0.8%2.9M-17.6M-78.3K0.3687.42N/AN/A88326,3513,336