VNQ Options History — March 2023

In March 2023, VNQ traded between $77.78 and $86.88. ATM implied volatility averaged 26.5%, placing in the 45.0% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 4.5% (HV 20d: 22.0%). Max pain ranged from $82.00 to $90.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 8.39.

Notable Days

  • 2023-03-28: Highest Volume — 23,253 contracts
  • 2023-03-13: Largest IV spike — 26.7% change
  • 2023-03-13: Highest IV Rank — 100.0%
  • 2023-03-15: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$82.06$77.78$86.88$84.78$82.50
Max Pain$85.52$82.00$90.00$90.00$82.00
ATM IV26.5%20.2%41.4%23.2%21.6%
Expected Move7.1%5.8%8.2%6.7%6.2%
HV 20d22.0%15.3%27.0%16.4%27.0%
HV 60d22.3%20.9%23.1%21.0%22.9%
IV Rank45.0%21.1%100.0%33.9%21.1%
IV Percentile59.7%13.5%100.0%40.9%20.6%
Term Structure-0.1%-1.3%1.3%-0.7%1.1%
VWIV25.4%20.3%30.5%22.7%22.4%
Skew 25d6.2%3.1%8.7%4.0%4.7%
Skew 10d12.6%4.2%21.8%4.2%10.4%
Call IV 25d22.4%18.5%25.6%21.3%19.3%
Put IV 25d28.6%22.0%33.8%25.3%24.0%
Bid-Ask Spread %53.1316.8775.4822.8216.87
Gamma HHI0.270.190.580.480.20
Net GEX-11.1M-35.1M-3.1M-8.5M-6.7M
Net DEX129.5M21.1M217.8M67.7M105.7M
Net VEX-1.2M-1.5M-534.3K-534.3K-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.390.1667.801.570.82
Total Volume5,56988523,25310,2231,676
Total OI95,957.30463,983119,76663,98391,453

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$84.78$90.0023.2%6.7%16.4%33.9%22.7%4.0%-0.7%-8.5M67.7M-534.3K1.5722.82N/AN/A3,9816,24215,62648,357
2023-03-02$85.69$90.0022.1%6.3%16.2%29.5%21.5%3.6%-0.4%-6.5M49.8M-670.1K1.6320.41N/AN/A6,99411,42118,92653,318
2023-03-03$86.88$90.0020.2%5.8%16.3%22.2%20.3%3.1%0.2%-3.1M21.1M-911.1K13.3837.63N/AN/A5186,93025,61564,193
2023-03-06$86.57$86.0022.1%5.9%15.3%29.6%21.6%5.3%0.9%-4.7M39.8M-991.9K1.3531.00N/AN/A37650925,95269,933
2023-03-07$84.72$86.0023.8%6.3%16.7%36.0%23.5%5.1%-0.0%-7.9M73.3M-1.0M20.2438.37N/AN/A69214,00626,17270,148
2023-03-08$85.56$86.0023.8%6.0%17.3%36.1%21.2%5.4%0.7%-8.3M77.0M-1.2M1.3166.36N/AN/A3,9465,16626,57483,250
2023-03-09$83.66$86.0027.9%6.8%18.5%52.1%24.7%5.5%0.2%-13.0M126.0M-1.3M2.0428.06N/AN/A36975129,79488,176
2023-03-10$80.73$86.0032.7%7.7%21.6%70.5%26.8%6.6%-0.3%-18.5M217.8M-1.4M2.2751.54N/AN/A9962,25829,96488,229
2023-03-13$82.03$86.0041.4%8.0%22.7%100.0%28.8%7.5%-1.3%-16.3M174.2M-1.3M3.7870.68N/AN/A3621,37030,36988,006
2023-03-14$82.44$86.0035.4%7.8%22.5%77.7%27.5%7.9%-0.3%-17.4M154.1M-1.3M3.0261.60N/AN/A32598230,41888,238
2023-03-15$82.25$86.0028.6%8.2%22.5%52.3%29.8%8.7%-1.3%-18.3M158.6M-1.3M47.0369.98N/AN/A984,60930,51688,668
2023-03-16$82.52$86.0026.2%7.5%22.6%43.4%29.4%7.5%-1.0%-17.9M142.3M-1.3M4.9267.47N/AN/A15978330,53189,168
2023-03-17$80.69$86.0028.6%8.2%23.5%52.3%29.6%7.5%-1.0%-35.1M169.6M-1.3M6.3064.80N/AN/A4422,78430,59889,168
2023-03-20$81.45$85.0027.2%7.8%24.0%47.2%26.2%6.3%-0.8%-5.8M125.6M-1.2M0.5065.83N/AN/A1,05552324,65657,868
2023-03-21$81.31$85.0026.2%7.5%23.4%43.7%25.9%6.6%-0.7%-6.1M127.8M-1.3M8.0868.23N/AN/A2892,33625,51158,221
2023-03-22$78.70$85.0025.9%7.4%25.3%42.6%27.0%5.4%-0.2%-7.9M166.3M-1.2M0.1675.48N/AN/A8,8941,38825,67660,266
2023-03-23$77.78$84.0028.2%8.1%24.9%51.1%29.0%8.3%-0.1%-9.5M195.2M-1.2M1.7670.65N/AN/A6071,06718,36761,143
2023-03-24$78.63$84.0027.6%7.9%25.1%48.7%30.5%8.2%0.6%-8.6M167.0M-1.2M1.5864.61N/AN/A1,3782,17218,74361,367
2023-03-27$78.93$83.0025.8%7.4%25.2%42.1%25.9%6.3%0.6%-9.1M160.4M-1.2M1.0065.90N/AN/A74774519,78562,608
2023-03-28$78.31$83.0026.5%7.6%25.0%44.5%24.5%7.3%0.1%-9.3M167.3M-1.2M67.8055.41N/AN/A33822,91520,26562,840
2023-03-29$80.19$83.0022.7%6.5%26.6%30.7%23.6%6.2%1.1%-8.4M156.4M-1.4M0.8840.87N/AN/A1,2821,13420,51567,827
2023-03-30$81.13$83.0022.2%6.4%26.7%28.8%22.5%5.6%1.3%-7.7M135.4M-1.5M1.4867.48N/AN/A9961,47621,74168,259
2023-03-31$82.50$82.0021.6%6.2%27.0%21.1%22.4%4.7%1.1%-6.7M105.7M-1.4M0.8216.87N/AN/A92075622,47368,980