VNQ Options History — March 2015

In March 2015, VNQ traded between $80.34 and $87.03. ATM implied volatility averaged 15.5%, placing in the 59.6% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded below realized volatility by 5.0% (HV 20d: 20.5%). Max pain ranged from $81.00 to $85.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 7.00.

Notable Days

  • 2015-03-16: Highest Volume — 122,267 contracts
  • 2015-03-06: Largest IV spike — 25.6% change
  • 2015-03-06: Highest IV Rank — 100.0%
  • 2015-03-10: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$83.61$80.34$87.03$83.87$84.36
Max Pain$84.00$81.00$85.00$81.00$85.00
ATM IV15.5%10.2%22.1%14.7%15.6%
Expected Move4.3%2.9%5.1%4.2%4.5%
HV 20d20.5%18.5%22.5%18.7%22.5%
HV 60d17.3%15.4%18.7%15.4%18.4%
IV Rank59.6%19.5%100.0%65.7%55.7%
IV Percentile85.0%24.2%100.0%90.9%91.3%
Term Structure0.4%-1.7%3.1%-1.3%-0.2%
VWIV15.9%12.0%21.1%16.4%15.5%
Skew 25d4.0%2.3%5.6%3.2%4.1%
Skew 10d7.5%4.0%11.0%6.1%4.9%
Call IV 25d13.5%9.2%16.0%13.5%13.4%
Put IV 25d17.5%13.7%21.2%16.7%17.5%
Bid-Ask Spread %60.9529.9683.6555.0980.27
Gamma HHI0.210.130.390.130.26
Net GEX-12.5M-44.2M2.1M-204.0K-16.8M
Net DEX27.3M-40.9M179.3M-19.2M26.6M
Net VEX-450.9K-1.1M-230.4K-230.4K-498.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.000.16116.451.303.88
Total Volume9,537.409677122,2675,19810,083
Total OI111,945.54535,391186,77035,391166,525

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-03-02$83.87$81.0014.7%4.2%18.7%65.7%16.4%3.2%-1.3%-204.0K-19.2M-230.4K1.3055.09N/AN/A2,2632,93512,66422,727
2015-03-03$83.75$81.0015.0%4.3%18.7%68.0%16.8%3.4%-1.1%-270.1K-16.2M-242.7K1.1757.04N/AN/A2,2362,62712,81622,995
2015-03-04$82.92$82.0016.0%4.6%18.5%76.8%17.4%3.6%-1.7%-912.5K-9.0M-240.5K1.0149.22N/AN/A2,0652,08112,89023,462
2015-03-05$83.25$85.0016.4%4.3%18.6%80.8%16.2%3.3%0.5%-767.7K-13.0M-243.0K1.7766.53N/AN/A2,1773,85213,01723,541
2015-03-06$80.34$85.0020.6%5.0%21.3%100.0%18.6%5.1%-0.1%-2.4M26.2M-247.3K7.8366.48N/AN/A2,91222,79913,25625,432
2015-03-09$81.01$85.0021.2%4.8%19.4%100.0%18.4%4.6%0.2%-11.4M64.1M-411.7K6.9929.96N/AN/A3552,48114,00545,746
2015-03-10$80.95$84.0022.1%5.1%19.4%100.0%18.0%4.7%-0.4%-11.2M66.7M-439.5K0.9032.95N/AN/A1,2361,10814,16647,774
2015-03-11$81.02$84.0017.7%5.1%19.4%70.1%17.6%5.6%-0.2%-10.6M70.0M-492.4K1.1738.04N/AN/A40247215,23948,783
2015-03-12$82.43$84.0015.9%4.6%20.6%58.1%17.5%5.3%1.0%-10.1M39.0M-477.9K0.9034.69N/AN/A39235415,54349,090
2015-03-13$82.38$84.0016.0%4.6%20.0%58.9%14.8%4.3%0.6%-12.0M31.8M-421.2K3.2845.56N/AN/A17156115,31949,268
2015-03-16$83.23$84.0015.5%4.4%20.4%55.4%21.1%5.4%1.0%-8.9M19.3M-441.8K116.4561.94N/AN/A1,041121,22615,43249,510
2015-03-17$83.20$84.0015.5%4.4%20.3%55.4%16.5%5.1%1.0%-44.2M179.3M-1.1M0.8163.84N/AN/A37330415,308169,987
2015-03-18$84.94$84.0012.1%3.5%21.5%32.3%12.0%3.2%2.0%-20.4M-13.4M-398.5K0.5680.24N/AN/A2,6311,47015,385170,272
2015-03-19$84.90$84.0012.1%3.5%19.9%32.7%12.0%2.5%1.7%-18.9M-13.7M-405.8K0.2883.65N/AN/A63617915,857170,913
2015-03-20$87.03$84.0010.2%2.9%21.5%19.5%14.4%4.6%3.1%2.1M-40.9M-416.7K1.2373.07N/AN/A79196915,589170,895
2015-03-23$86.92$84.0011.6%3.3%21.4%29.1%12.2%3.1%0.6%-6.6M-20.9M-388.7K0.2673.52N/AN/A2,54165511,182152,551
2015-03-24$86.18$84.0013.1%3.7%20.5%39.0%13.0%2.3%0.7%-788.9K-32.7M-320.3K0.5768.62N/AN/A1,24671012,714152,602
2015-03-25$84.19$85.0015.7%4.5%22.3%56.6%15.4%3.2%0.0%-26.2M68.8M-654.7K0.9160.27N/AN/A67661312,072152,531
2015-03-26$83.68$85.0015.9%4.6%22.0%58.0%16.3%3.8%-0.1%-28.3M76.3M-667.9K1.2167.15N/AN/A1,9352,33212,215152,564
2015-03-27$83.86$85.0015.0%4.3%21.8%52.3%15.1%3.7%0.5%-25.7M64.1M-614.5K0.1681.17N/AN/A1,63425812,139152,704
2015-03-30$85.04$85.0014.2%4.1%22.3%47.0%15.0%3.6%0.5%-21.0M46.5M-578.7K1.3271.53N/AN/A1,7442,29713,225152,897
2015-03-31$84.36$85.0015.6%4.5%22.5%55.7%15.5%4.1%-0.2%-16.8M26.6M-498.5K3.8880.27N/AN/A2,0688,01513,543152,982