VNQ Options History — March 2021

In March 2021, VNQ traded between $85.91 and $92.67. ATM implied volatility averaged 17.6%, placing in the 4.7% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 3.1% (HV 20d: 14.6%). Max pain ranged from $87.00 to $90.00. Net GEX was positive for 5 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 1.24.

Notable Days

  • 2021-03-17: Highest Volume — 7,443 contracts
  • 2021-03-04: Largest IV spike — 13.9% change
  • 2021-03-08: Highest IV Rank — 11.5%
  • 2021-03-04: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$90.26$85.91$92.67$88.52$92.19
Max Pain$89.61$87.00$90.00$87.00$90.00
ATM IV17.6%14.1%22.8%19.6%14.1%
Expected Move5.0%4.0%6.1%5.6%4.0%
HV 20d14.6%11.9%16.5%13.8%13.4%
HV 60d16.1%14.6%16.7%16.3%14.6%
IV Rank4.7%0.0%11.5%7.1%0.0%
IV Percentile9.4%0.0%39.3%15.1%0.0%
Term Structure1.5%-0.6%2.6%-0.3%1.7%
VWIV18.0%15.2%22.1%19.2%15.2%
Skew 25d4.3%2.6%6.3%4.4%3.4%
Skew 10d9.3%6.8%12.9%11.9%7.8%
Call IV 25d16.0%12.7%19.1%18.3%12.7%
Put IV 25d20.3%16.1%25.4%22.7%16.1%
Bid-Ask Spread %26.6711.5152.4352.4318.20
Gamma HHI0.150.110.170.150.13
Net GEX-4.6M-15.2M2.2M-8.4M122.3K
Net DEX-12.8M-71.3M93.3M23.8M-49.4M
Net VEX-731.7K-951.3K-545.4K-901.5K-565.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.1511.830.670.95
Total Volume2,100.9574597,443865924
Total OI114,437.60971,912141,334131,50879,482

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$88.52$87.0019.6%5.6%13.8%7.1%19.2%4.4%-0.3%-8.4M23.8M-901.5K0.6752.43N/AN/A51934622,697108,811
2021-03-02$87.76$87.0019.1%5.5%12.0%6.5%22.1%4.2%-0.1%-11.1M45.1M-949.5K0.5928.04N/AN/A1,09064222,894109,016
2021-03-03$87.09$87.0019.9%5.7%11.9%7.6%19.5%4.6%-0.6%-13.7M66.4M-951.3K1.8017.88N/AN/A16429522,626109,444
2021-03-04$85.91$90.0022.6%6.1%12.8%11.3%22.1%6.3%1.1%-15.2M93.3M-951.2K1.6125.12N/AN/A58694322,672109,649
2021-03-05$86.92$90.0020.9%5.8%13.4%8.9%20.4%5.7%1.6%-13.3M69.3M-937.8K0.4727.40N/AN/A2,7051,27722,581109,914
2021-03-08$87.88$90.0022.8%5.9%14.0%11.5%20.7%5.9%0.8%-10.0M36.0M-785.9K0.1524.80N/AN/A2,71441621,374109,878
2021-03-09$88.34$90.0020.9%5.6%14.0%9.0%20.4%5.0%1.5%-8.3M19.9M-863.9K0.4119.00N/AN/A59324523,512109,971
2021-03-10$89.12$90.0018.3%5.2%14.3%5.4%18.2%4.7%1.7%-6.2M-13.0M-734.8K1.7321.58N/AN/A23540723,558110,047
2021-03-11$90.12$90.0017.7%5.1%14.7%4.6%18.2%4.5%2.3%-3.9M-30.1M-742.1K0.7119.91N/AN/A81757723,579110,322
2021-03-12$91.35$90.0017.4%5.0%15.4%4.2%18.3%4.0%2.6%-952.7K-50.8M-669.6K2.3826.15N/AN/A23656122,685110,335
2021-03-15$92.65$90.0016.6%4.8%16.1%3.2%17.4%3.6%2.4%244.3K-70.0M-650.8K0.3432.35N/AN/A2,07170022,807110,661
2021-03-16$92.67$90.0016.7%4.8%15.8%3.2%17.0%3.7%2.6%1.5K-69.4M-690.6K0.2342.38N/AN/A5,1451,19423,827111,066
2021-03-17$92.52$90.0016.3%4.7%15.8%2.7%18.0%3.7%2.4%2.2M-71.3M-660.3K0.3546.77N/AN/A5,5081,93527,830111,990
2021-03-18$91.48$90.0018.1%5.2%16.5%5.2%17.2%4.7%0.8%825.4K-61.7M-610.4K0.4848.61N/AN/A1,41768429,148112,150
2021-03-19$91.08$90.0017.0%4.9%16.5%4.3%15.7%4.5%1.2%-1.9M-44.3M-698.6K0.3328.95N/AN/A1,20940029,054112,280
2021-03-22$91.01$90.0015.7%4.5%16.3%2.2%16.5%3.3%2.4%-320.5K-34.9M-545.4K0.8820.74N/AN/A47241718,99552,917
2021-03-23$90.56$90.0015.3%4.4%16.2%1.6%17.4%4.0%2.2%-2.0M-17.4M-645.2K11.8321.55N/AN/A4555,38219,21153,000
2021-03-24$90.85$90.0015.5%4.4%16.1%2.1%15.7%3.7%1.7%-6.1M-8.2M-669.3K0.9038.57N/AN/A42137719,34558,228
2021-03-25$90.87$90.0015.5%4.4%13.7%2.2%15.5%4.2%1.7%-3.8M-13.4M-656.4K0.5613.26N/AN/A1,00055919,33858,490
2021-03-26$92.33$90.0015.4%4.4%14.3%2.2%15.8%3.9%1.3%-1.4M-39.4M-659.0K0.1711.62N/AN/A80013519,99358,580
2021-03-29$92.51$90.0015.1%4.3%14.3%1.7%16.7%2.6%2.5%-1.7M-39.0M-649.0K0.9116.57N/AN/A50846120,29858,554
2021-03-30$92.26$90.0015.3%4.4%13.8%2.1%16.9%4.5%1.3%-1.0M-36.4M-640.1K0.1611.51N/AN/A67110920,59558,661
2021-03-31$92.19$90.0014.1%4.0%13.4%0.0%15.2%3.4%1.7%122.3K-49.4M-565.6K0.9518.20N/AN/A47445020,91858,564