VNQ Options History — January 2019

In January 2019, VNQ traded between $72.77 and $83.15. ATM implied volatility averaged 15.9%, placing in the 41.0% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 6.6% (HV 20d: 22.5%). Max pain ranged from $74.00 to $80.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 37.56.

Notable Days

  • 2019-01-03: Highest Volume — 221,810 contracts
  • 2019-01-04: Largest IV drop — 12.2% change
  • 2019-01-02: Highest IV Rank — 76.2%
  • 2019-01-02: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$78.27$72.77$83.15$72.77$83.15
Max Pain$75.05$74.00$80.00$79.00$80.00
ATM IV15.9%12.5%21.7%21.7%14.4%
Expected Move4.5%3.6%6.2%6.2%4.2%
HV 20d22.5%9.6%28.0%26.4%9.6%
HV 60d19.9%18.9%20.9%20.8%18.9%
IV Rank41.0%20.5%76.2%76.2%32.1%
IV Percentile65.2%40.5%96.4%96.4%56.0%
Term Structure-0.0%-1.1%0.7%-1.1%-0.6%
VWIV16.5%13.4%21.6%21.6%18.1%
Skew 25d4.1%3.4%4.7%4.3%4.7%
Skew 10d9.1%7.6%12.5%7.7%10.2%
Call IV 25d14.0%11.6%20.4%20.4%12.2%
Put IV 25d18.1%15.0%24.7%24.7%16.9%
Bid-Ask Spread %24.6118.4833.6520.1933.65
Gamma HHI0.270.150.420.420.15
Net GEX-43.1M-83.6M-17.2M-71.9M-17.2M
Net DEX212.1M-100.3M751.4M751.4M-5.0M
Net VEX-1.5M-2.2M-1.1M-1.9M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio37.560.31256.670.6913.64
Total Volume51,013.667612221,81077733,494
Total OI313,269.286232,224391,295232,224301,441

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$72.77$79.0021.7%6.2%26.4%76.2%21.6%4.3%-1.1%-71.9M751.4M-1.9M0.6920.19N/AN/A45931835,820196,404
2019-01-03$73.58$74.0021.6%5.9%26.9%75.5%20.6%4.4%-0.9%-69.9M700.4M-1.9M17.0321.15N/AN/A12,303209,50735,979201,251
2019-01-04$74.51$74.0019.0%5.4%27.6%59.6%20.7%4.5%-0.6%-68.7M570.4M-2.2M29.4825.91N/AN/A6,805200,58342,670295,459
2019-01-07$75.44$74.0019.9%5.3%26.5%65.1%19.0%4.3%-0.3%-61.2M471.1M-2.0M0.9630.89N/AN/A31230043,678298,034
2019-01-08$76.62$74.0018.3%4.9%27.5%55.3%18.9%4.6%-0.3%-49.9M339.1M-1.8M1.0427.08N/AN/A54456543,739298,077
2019-01-09$76.47$74.0017.3%5.0%27.4%49.7%16.1%4.5%-0.4%-45.8M344.8M-1.6M0.7333.32N/AN/A78657743,718298,275
2019-01-10$77.45$74.0016.9%4.9%28.0%47.3%16.3%4.3%-0.1%-39.9M243.2M-1.5M29.5028.08N/AN/A3,07090,57843,751298,354
2019-01-11$77.77$74.0015.4%4.4%27.7%38.3%15.2%4.6%0.5%-37.9M229.1M-1.6M17.8923.96N/AN/A2,84650,90645,772292,173
2019-01-14$77.35$74.0015.8%4.5%27.6%40.6%16.8%3.9%0.1%-35.8M238.2M-1.4M2.4524.87N/AN/A4271,04645,909292,085
2019-01-15$78.19$74.0015.3%4.4%27.9%37.7%15.6%4.0%0.0%-43.2M178.8M-1.4M256.6719.54N/AN/A463118,83945,955292,209
2019-01-16$78.81$74.0013.9%4.0%24.6%29.2%13.6%4.1%0.5%-67.3M124.9M-1.5M77.1319.62N/AN/A85465,86645,959344,949
2019-01-17$79.05$74.0013.9%4.0%24.3%29.0%14.1%3.8%0.5%-83.6M63.6M-1.4M78.0025.04N/AN/A84365,75846,470344,740
2019-01-18$79.34$74.0013.6%3.9%23.9%27.0%13.4%3.7%0.7%-64.8M-100.3M-1.1M64.7718.48N/AN/A1,01765,86746,550344,745
2019-01-22$78.81$75.0014.6%4.2%23.2%33.1%14.8%4.1%0.0%-24.0M83.2M-1.3M0.3120.93N/AN/A1,23237919,622229,941
2019-01-23$79.10$75.0014.7%4.2%22.8%33.7%15.5%3.8%-0.3%-23.3M82.6M-1.3M99.0620.18N/AN/A38337,94020,803230,117
2019-01-24$79.49$75.0014.3%4.1%16.0%31.4%15.3%3.8%0.1%-23.2M64.4M-1.2M1.5522.94N/AN/A33451821,051245,312
2019-01-25$80.33$75.0013.2%3.8%13.5%24.9%13.5%3.4%0.4%-17.4M28.3M-1.1M22.0727.73N/AN/A2,07145,70021,211245,408
2019-01-28$81.12$75.0013.3%3.8%13.5%25.2%15.0%3.6%0.6%-19.5M19.9M-1.1M67.5722.21N/AN/A27318,44722,412260,538
2019-01-29$81.74$76.0012.5%3.6%13.5%20.5%14.5%3.6%0.7%-20.1M13.6M-1.2M0.6318.91N/AN/A1,44191322,811275,419
2019-01-30$82.51$78.0013.9%4.0%13.6%28.7%17.1%4.0%0.2%-19.6M11.9M-1.3M7.6332.10N/AN/A3,09723,62623,884275,960
2019-01-31$83.15$80.0014.4%4.2%9.6%32.1%18.1%4.7%-0.6%-17.2M-5.0M-1.2M13.6433.65N/AN/A2,28831,20625,312276,129