VOO Options History — February 2023

In February 2023, VOO traded between $363.48 and $381.51. ATM implied volatility averaged 18.8%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 3.2% (HV 20d: 15.7%). Max pain ranged from $365.00 to $370.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 1.11.

Notable Days

2023-02-02: Highest Volume — 4,736 contracts
2023-02-21: Largest IV spike — 20.1% change
2023-02-21: Highest IV Rank — 28.1%
2023-02-21: Largest Expected Move — 6.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$374.02	$363.48	$381.51	$379.14	$364.82
Max Pain	$369.74	$365.00	$370.00	$365.00	$370.00
ATM IV	18.8%	16.8%	21.4%	17.2%	19.2%
Expected Move	5.3%	4.8%	6.1%	4.9%	5.5%
HV 20d	15.7%	14.6%	16.5%	15.8%	15.5%
HV 60d	18.2%	16.6%	20.6%	20.6%	16.6%
IV Rank	18.5%	10.8%	28.1%	12.5%	19.9%
IV Percentile	17.0%	3.2%	36.9%	4.4%	21.4%
Term Structure	-0.2%	-0.9%	0.4%	-0.4%	-0.7%
VWIV	18.7%	16.8%	20.8%	18.6%	18.7%
Skew 25d	4.7%	3.5%	5.6%	3.5%	3.6%
Skew 10d	9.0%	6.8%	10.5%	7.3%	6.8%
Call IV 25d	16.2%	14.6%	17.9%	15.7%	17.0%
Put IV 25d	20.9%	19.1%	23.3%	19.2%	20.7%
Bid-Ask Spread %	39.90	20.11	63.95	63.95	33.91
Gamma HHI	0.08	0.05	0.14	0.10	0.05
Net GEX	18.4M	2.1M	35.9M	27.1M	3.3M
Net DEX	-230.9M	-352.1M	-84.9M	-322.1M	-101.5M
Net VEX	-2.2M	-2.3M	-2.1M	-2.2M	-2.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.11	0.62	2.97	0.74	0.72
Total Volume	2,211.158	895	4,736	3,268	895
Total OI	47,977.842	41,680	53,447	45,440	47,172

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-02-01	$379.14	$365.00	17.2%	4.9%	15.8%	12.5%	18.6%	3.5%	-0.4%	27.1M	-322.1M	-2.2M	0.74	63.95	1,874	1,394	24,543	20,897
2023-02-02	$381.51	$370.00	18.5%	5.0%	15.8%	17.3%	16.8%	4.5%	-0.3%	27.5M	-352.1M	-2.2M	0.91	34.76	2,482	2,254	25,036	20,889
2023-02-03	$378.38	$370.00	17.9%	4.9%	16.1%	15.0%	18.0%	4.6%	0.1%	25.4M	-306.1M	-2.3M	1.13	41.48	948	1,070	25,847	22,180
2023-02-06	$376.42	$370.00	20.0%	5.2%	14.6%	22.8%	17.8%	4.7%	-0.1%	24.3M	-273.9M	-2.3M	1.08	37.68	699	752	26,026	22,178
2023-02-07	$381.43	$370.00	19.0%	5.0%	15.0%	19.2%	16.8%	4.6%	0.2%	28.2M	-341.2M	-2.3M	1.22	41.71	837	1,018	26,238	22,284
2023-02-08	$377.44	$370.00	18.8%	5.4%	15.8%	18.2%	19.5%	4.9%	-0.3%	27.0M	-290.5M	-2.2M	1.54	30.57	773	1,194	26,343	22,174
2023-02-09	$374.38	$370.00	19.4%	5.6%	15.8%	20.6%	20.8%	5.1%	-0.2%	20.6M	-237.2M	-2.2M	1.96	46.15	841	1,648	26,444	22,938
2023-02-10	$374.90	$370.00	19.3%	5.5%	15.8%	20.2%	19.6%	5.1%	-0.3%	21.2M	-236.4M	-2.3M	0.82	38.30	541	444	26,643	23,432
2023-02-13	$379.11	$370.00	18.7%	5.4%	16.1%	18.1%	19.8%	5.1%	-0.3%	28.0M	-309.0M	-2.2M	0.68	40.72	691	472	26,752	23,553
2023-02-14	$379.97	$370.00	17.1%	4.9%	16.0%	12.0%	17.8%	4.6%	0.4%	35.0M	-324.4M	-2.1M	1.34	51.90	996	1,337	27,033	23,710
2023-02-15	$379.63	$370.00	16.8%	4.8%	14.9%	10.8%	16.9%	4.5%	0.4%	35.9M	-318.0M	-2.1M	2.97	44.03	611	1,815	27,363	24,154
2023-02-16	$375.73	$370.00	18.1%	5.2%	15.3%	15.7%	19.0%	5.2%	-0.0%	17.7M	-237.6M	-2.2M	0.63	52.49	1,253	795	27,517	25,593
2023-02-17	$373.68	$370.00	17.8%	5.1%	15.0%	14.6%	18.5%	4.9%	0.1%	8.6M	-196.3M	-2.1M	0.80	41.69	1,924	1,530	27,784	25,663
2023-02-21	$367.50	$370.00	21.4%	6.1%	15.6%	28.1%	20.6%	5.4%	-0.9%	5.3M	-124.7M	-2.1M	1.55	38.33	1,304	2,018	22,253	19,427
2023-02-22	$365.01	$370.00	20.6%	5.9%	15.8%	25.4%	19.6%	5.6%	-0.7%	3.6M	-102.3M	-2.1M	0.94	30.12	967	913	22,931	20,814
2023-02-23	$368.49	$370.00	18.6%	5.3%	16.2%	17.5%	18.5%	4.7%	-0.3%	5.6M	-127.7M	-2.1M	0.72	20.11	1,088	783	23,280	21,286
2023-02-24	$363.48	$370.00	19.7%	5.7%	16.5%	21.9%	19.6%	4.2%	-0.2%	2.1M	-84.9M	-2.1M	0.63	33.57	990	625	23,690	21,658
2023-02-27	$365.29	$370.00	19.6%	5.6%	16.3%	21.5%	19.0%	4.0%	-0.6%	2.9M	-100.7M	-2.1M	0.62	36.64	1,383	853	23,980	21,874
2023-02-28	$364.82	$370.00	19.2%	5.5%	15.5%	19.9%	18.7%	3.6%	-0.7%	3.3M	-101.5M	-2.1M	0.72	33.91	521	374	24,870	22,302