VNQ Options History — April 2015

In April 2015, VNQ traded between $79.37 and $85.70. ATM implied volatility averaged 15.2%, placing in the 53.4% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded below realized volatility by 2.0% (HV 20d: 17.2%). Max pain ranged from $82.00 to $86.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 5.39.

Notable Days

  • 2015-04-01: Highest Volume — 25,450 contracts
  • 2015-04-30: Largest IV spike — 11.2% change
  • 2015-04-30: Highest IV Rank — 72.2%
  • 2015-04-30: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$82.63$79.37$85.70$84.07$79.37
Max Pain$84.33$82.00$86.00$85.00$82.00
ATM IV15.2%13.7%18.0%15.6%18.0%
Expected Move4.4%3.9%5.2%4.5%5.2%
HV 20d17.2%11.8%22.4%22.2%14.2%
HV 60d18.5%17.9%19.0%18.4%18.5%
IV Rank53.4%43.4%72.2%56.2%72.2%
IV Percentile85.7%68.7%98.0%92.1%98.0%
Term Structure0.3%-0.5%1.0%-0.2%-0.5%
VWIV15.6%14.0%19.7%16.2%19.7%
Skew 25d3.4%2.9%4.4%3.5%3.7%
Skew 10d6.6%4.4%9.3%5.6%4.7%
Call IV 25d13.8%12.8%16.4%14.6%16.4%
Put IV 25d17.2%15.8%20.0%18.1%20.0%
Bid-Ask Spread %54.1933.2476.3676.3657.61
Gamma HHI0.210.140.390.270.21
Net GEX-13.2M-37.4M-3.2M-24.0M-7.3M
Net DEX46.5M2.1M100.0M43.6M78.2M
Net VEX-586.7K-691.4K-524.4K-566.6K-601.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.391.0825.5110.761.52
Total Volume10,325.7142,33325,45025,4508,821
Total OI131,218.76250,979192,057172,38855,409

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$84.07$85.0015.6%4.5%22.2%56.2%16.2%3.5%-0.2%-24.0M43.6M-566.6K10.7676.36N/AN/A2,16423,28614,045158,343
2015-04-02$84.90$86.0014.5%4.2%22.4%48.8%16.0%4.4%0.5%-17.2M35.9M-691.4K13.5451.85N/AN/A1,74523,62214,133173,732
2015-04-06$85.70$86.0014.2%4.1%17.9%46.9%15.6%3.6%0.4%-8.4M2.1M-566.1K14.5661.24N/AN/A1,60123,31214,261174,178
2015-04-07$84.25$86.0015.3%4.4%19.2%54.2%16.4%4.0%0.2%-12.0M23.4M-608.4K4.5359.64N/AN/A1,8148,22614,401174,356
2015-04-08$84.33$86.0015.0%4.3%19.2%52.2%14.0%3.8%0.4%-10.0M17.7M-560.3K25.5144.00N/AN/A882,24515,022174,466
2015-04-09$82.57$86.0015.7%4.5%20.9%56.4%16.8%3.6%0.2%-31.3M86.0M-675.2K3.4833.24N/AN/A2,7029,40315,371176,021
2015-04-10$82.47$85.0015.4%4.4%20.0%54.6%15.5%3.4%0.5%-37.4M100.0M-680.4K5.3046.59N/AN/A1,6438,70515,458176,599
2015-04-13$82.37$85.0015.7%4.5%20.0%56.8%15.6%3.6%0.4%-31.8M76.7M-596.0K6.3534.88N/AN/A1,3508,57115,487176,085
2015-04-14$82.54$85.0014.7%4.2%19.6%49.9%15.5%3.3%0.6%-20.8M51.8M-578.0K6.2251.45N/AN/A1,2667,87215,593176,427
2015-04-15$82.01$85.0015.0%4.3%19.7%52.2%15.3%3.1%0.1%-20.8M54.7M-530.8K5.8355.34N/AN/A1,3707,98815,686176,294
2015-04-16$82.20$85.0015.4%4.4%18.1%54.6%15.1%3.3%0.1%-17.7M48.9M-524.4K1.8448.95N/AN/A1,3552,49815,747176,041
2015-04-17$81.79$85.0015.3%4.4%18.1%53.9%15.1%3.6%0.3%-3.2M72.4M-553.6K3.5956.91N/AN/A3,18211,43215,837175,881
2015-04-20$81.90$83.0015.3%4.4%15.2%54.1%14.8%3.4%0.1%-4.7M38.6M-575.7K1.2052.83N/AN/A4,1855,02313,14737,832
2015-04-21$82.10$83.0014.9%4.3%15.4%51.1%14.7%3.1%0.3%-4.5M35.6M-606.1K1.1153.13N/AN/A4,2824,76313,48440,250
2015-04-22$82.22$83.0014.7%4.2%15.3%49.9%15.6%3.2%0.1%-4.3M34.0M-576.0K1.1555.84N/AN/A3,1423,60613,69240,302
2015-04-23$82.47$83.0014.6%4.2%13.2%49.5%14.7%3.2%0.3%-3.8M30.3M-565.0K1.1555.78N/AN/A3,1033,58013,73340,371
2015-04-24$82.57$83.0013.7%3.9%13.1%43.4%14.3%2.9%1.0%-3.4M28.5M-573.8K1.1556.91N/AN/A3,0703,52313,89440,392
2015-04-27$82.42$83.0014.9%4.3%13.0%51.5%16.0%2.9%0.3%-3.9M29.7M-559.2K1.0860.34N/AN/A2,0072,15914,01540,470
2015-04-28$82.29$83.0015.1%4.3%11.8%52.8%15.0%3.0%0.6%-3.9M30.1M-538.5K1.8562.92N/AN/A1,2302,27613,99540,513
2015-04-29$80.70$83.0016.2%4.6%13.2%60.0%16.4%3.3%-0.1%-6.3M57.6M-593.4K1.4862.23N/AN/A1,8662,76413,99640,635
2015-04-30$79.37$82.0018.0%5.2%14.2%72.2%19.7%3.7%-0.5%-7.3M78.2M-601.0K1.5257.61N/AN/A3,5055,31614,54940,860