VNQ Options History — March 2020

In March 2020, VNQ traded between $56.27 and $93.92. ATM implied volatility averaged 56.5%, placing in the 78.6% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded below realized volatility by 12.9% (HV 20d: 69.4%). Max pain ranged from $70.00 to $91.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 19.37.

Notable Days

  • 2020-03-06: Highest Volume — 287,705 contracts
  • 2020-03-16: Largest IV spike — 46.5% change
  • 2020-03-06: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 25.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$74.76$56.27$93.92$90.27$68.81
Max Pain$83.55$70.00$91.00$91.00$70.00
ATM IV56.5%26.1%87.6%30.5%49.4%
Expected Move15.6%7.5%25.1%8.7%14.2%
HV 20d69.4%32.6%104.7%32.6%102.8%
HV 60d42.7%21.0%62.5%21.0%62.5%
IV Rank78.6%51.2%100.0%68.9%51.2%
IV Percentile98.5%94.0%100.0%99.6%94.0%
Term Structure-9.1%-19.7%-3.4%-5.7%-3.9%
VWIV59.3%27.7%83.6%34.8%58.1%
Skew 25d21.4%10.2%32.1%10.2%20.1%
Skew 10d42.7%20.8%63.2%23.1%39.9%
Call IV 25d45.0%22.4%68.5%26.4%43.5%
Put IV 25d66.4%33.9%100.6%36.6%63.6%
Bid-Ask Spread %55.3126.1089.2426.1082.38
Gamma HHI0.190.120.300.300.16
Net GEX-21.5M-55.6M-3.1M-55.6M-6.9M
Net DEX673.1M462.4M1.18B745.8M492.4M
Net VEX-2.7M-5.3M-644.2K-4.6M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio19.371.07239.151.992.52
Total Volume24,166.6821,529287,7051,5294,366
Total OI187,590.409124,591259,287251,246141,622

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$90.27$91.0030.5%8.7%32.6%68.9%34.8%10.2%-5.7%-55.6M745.8M-4.6M1.9926.10N/AN/A5121,01717,712233,534
2020-03-03$91.39$91.0032.2%9.2%32.9%74.4%40.6%14.3%-5.7%-54.5M696.6M-4.5M5.5543.94N/AN/A4952,74717,723234,228
2020-03-04$93.92$91.0026.1%7.5%34.3%54.9%29.7%11.5%-4.2%-48.1M531.1M-4.2M1.6541.27N/AN/A6801,12217,694236,633
2020-03-05$91.67$91.0035.6%8.0%35.3%85.6%27.7%11.6%-3.4%-48.8M686.0M-4.5M1.7533.30N/AN/A56899618,101237,604
2020-03-06$89.83$91.0042.9%9.5%35.8%100.0%37.0%16.5%-5.0%-48.5M813.8M-4.7M239.1534.10N/AN/A1,198286,50718,278238,005
2020-03-09$84.86$91.0061.2%12.4%40.5%100.0%43.6%21.5%-7.7%-37.1M912.2M-5.3M30.2235.29N/AN/A54716,53218,614237,897
2020-03-10$85.42$91.0052.4%12.0%40.4%83.2%45.3%20.1%-6.6%-36.3M863.0M-5.3M1.0729.28N/AN/A1,9002,04118,650237,501
2020-03-11$81.48$90.0049.0%14.0%42.5%76.5%51.2%20.4%-9.7%-33.7M1.01B-5.1M1.7833.32N/AN/A9321,66319,384238,665
2020-03-12$73.21$90.0061.8%17.7%54.5%100.0%55.5%22.9%-13.0%-22.9M1.18B-4.2M87.8933.41N/AN/A1,298114,08719,887239,400
2020-03-13$77.94$86.0052.5%15.0%60.8%82.3%56.7%23.2%-8.4%-14.6M601.7M-2.3M3.9231.44N/AN/A9763,82320,478126,387
2020-03-16$67.51$86.0076.9%22.0%76.0%100.0%81.5%27.7%-18.0%-7.8M659.2M-1.7M8.9138.25N/AN/A7056,28520,691128,867
2020-03-17$68.99$86.0069.8%20.0%77.1%89.6%77.2%25.4%-15.4%-7.9M679.3M-1.7M1.5332.02N/AN/A1,1251,71921,048130,944
2020-03-18$61.34$86.0087.6%25.1%84.7%100.0%83.6%32.1%-19.7%-4.8M661.1M-1.2M2.0481.60N/AN/A9812,00621,398129,079
2020-03-19$63.81$86.0070.6%20.2%86.9%78.3%79.3%28.9%-12.0%-5.7M655.3M-1.4M3.8286.55N/AN/A6082,32021,729128,065
2020-03-20$60.86$86.0067.3%19.3%86.8%74.1%71.6%22.4%-10.7%-4.6M666.5M-977.1K2.0189.24N/AN/A2,2134,45621,945127,957
2020-03-23$56.27$80.0075.4%21.6%88.7%84.4%76.1%27.5%-9.2%-3.1M541.6M-644.2K14.5679.15N/AN/A1,95128,40015,222109,689
2020-03-24$61.28$75.0060.7%17.4%97.4%65.6%70.0%20.5%-8.6%-3.8M511.0M-668.4K7.4282.03N/AN/A9667,16916,515108,076
2020-03-25$66.42$70.0068.1%19.5%104.0%75.0%67.9%22.9%-12.8%-6.0M488.1M-1.2M1.1383.81N/AN/A3,7394,20817,035111,525
2020-03-26$68.49$70.0060.3%17.3%104.7%65.1%74.5%24.9%-7.2%-6.9M478.4M-1.3M1.8283.26N/AN/A2,8305,16018,183114,199
2020-03-27$70.10$70.0057.4%16.5%104.7%61.5%77.2%23.0%-6.7%-7.4M462.4M-1.5M2.5882.57N/AN/A2,1165,46120,269116,764
2020-03-30$70.81$70.0055.1%15.8%103.0%58.5%66.4%22.5%-7.7%-7.8M474.7M-1.5M2.7154.41N/AN/A8732,36920,551119,241
2020-03-31$68.81$70.0049.4%14.2%102.8%51.2%58.1%20.1%-3.9%-6.9M492.4M-1.3M2.5282.38N/AN/A1,2403,12621,185120,437