VOO Options History — March 2023

In March 2023, VOO traded between $353.52 and $374.93. ATM implied volatility averaged 20.7%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 4.2% (HV 20d: 16.6%). Max pain ranged from $360.00 to $365.00. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 1.12.

Notable Days

  • 2023-03-10: Highest Volume — 7,735 contracts
  • 2023-03-13: Largest IV spike — 27.4% change
  • 2023-03-13: Highest IV Rank — 75.2%
  • 2023-03-15: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$364.14$353.52$374.93$363.10$374.93
Max Pain$361.74$360.00$365.00$365.00$365.00
ATM IV20.7%16.2%33.9%19.4%16.2%
Expected Move5.6%4.7%6.6%5.6%4.7%
HV 20d16.6%13.6%18.4%15.2%18.0%
HV 60d16.6%15.9%17.2%16.6%16.3%
IV Rank25.8%8.7%75.2%20.8%8.7%
IV Percentile32.4%0.8%98.4%23.8%0.8%
Term Structure0.3%-0.9%1.2%-0.8%1.2%
VWIV19.5%16.3%23.5%19.0%16.5%
Skew 25d5.4%2.9%8.0%3.3%4.2%
Skew 10d10.3%5.2%15.6%6.3%7.6%
Call IV 25d16.9%14.3%19.2%17.9%14.3%
Put IV 25d22.4%18.4%26.9%21.2%18.4%
Bid-Ask Spread %48.9425.6769.8337.0433.16
Gamma HHI0.070.050.350.050.08
Net GEX2.8M-25.6M25.4M1.2M25.4M
Net DEX-100.8M-293.2M56.5M-80.2M-293.2M
Net VEX-2.2M-2.3M-2.1M-2.1M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.342.930.340.57
Total Volume2,706.6091,2467,7351,3632,434
Total OI52,003.26147,35858,54747,35853,234

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$363.10$365.0019.4%5.6%15.2%20.8%19.0%3.3%-0.8%1.2M-80.2M-2.1M0.3437.041,02034324,92522,433
2023-03-02$365.88$365.0019.4%5.6%13.6%20.6%20.1%2.9%-0.9%5.0M-116.0M-2.1M1.9534.311,1152,16925,23222,531
2023-03-03$371.11$365.0017.7%5.1%14.5%14.2%17.2%3.0%-0.2%10.9M-172.2M-2.2M0.5825.671,60994125,83923,133
2023-03-06$371.90$360.0019.2%5.0%14.3%19.8%18.1%4.0%1.0%14.3M-194.6M-2.1M1.7140.828181,39526,84823,169
2023-03-07$366.26$360.0020.3%5.3%15.2%24.3%19.8%4.1%0.6%4.1M-115.8M-2.1M2.1638.616721,45127,17224,050
2023-03-08$366.56$360.0020.7%5.1%14.2%25.7%17.6%4.1%0.6%2.6M-108.9M-2.1M0.7544.0974755927,17124,217
2023-03-09$359.91$360.0024.5%5.9%15.0%40.0%20.8%4.8%-0.1%-4.7M-35.7M-2.1M1.2748.731,0711,36027,33124,287
2023-03-10$353.52$360.0026.6%6.3%15.9%47.8%20.8%6.4%-0.2%-11.8M56.5M-2.1M1.3856.933,2544,48127,68524,929
2023-03-13$355.25$360.0033.9%6.5%16.1%75.2%22.1%7.0%-0.6%-12.1M45.9M-2.2M1.1655.171,5461,79228,54826,979
2023-03-14$357.98$360.0026.1%6.0%15.7%45.8%21.4%6.3%0.1%-12.9M16.3M-2.2M1.7960.331,4202,54029,07627,625
2023-03-15$356.37$360.0022.9%6.6%15.6%33.9%23.5%8.0%-0.3%-12.8M26.6M-2.2M2.9354.231,1683,41829,53727,344
2023-03-16$364.03$360.0019.6%5.6%17.9%21.4%19.5%6.5%0.4%-911.7K-95.7M-2.3M1.2562.461,3601,70529,77527,667
2023-03-17$359.88$360.0022.5%6.4%17.9%32.2%22.8%7.5%0.0%-25.6M-41.8M-2.3M0.9853.631,9181,88930,14728,400
2023-03-20$362.79$360.0020.5%5.9%18.3%24.8%20.6%7.2%0.5%2.8M-78.3M-2.3M0.8347.221,6151,34624,61122,801
2023-03-21$368.24$360.0018.6%5.3%18.2%17.5%19.4%5.5%0.8%8.3M-142.8M-2.3M0.6447.441,48295225,76823,589
2023-03-22$365.00$360.0019.2%5.5%18.3%20.0%19.0%5.9%0.2%7.3M-110.4M-2.3M0.8469.8386372526,61423,736
2023-03-23$362.82$360.0020.3%5.8%18.1%24.2%20.1%6.8%0.6%5.0M-90.6M-2.3M0.8456.3591876727,06323,842
2023-03-24$363.15$365.0019.6%5.6%17.4%21.3%19.6%6.3%0.6%6.7M-104.3M-2.3M0.5765.521,15565627,25223,841
2023-03-27$364.68$365.0018.6%5.3%17.4%17.5%18.4%5.7%0.7%8.9M-136.4M-2.2M0.5957.8178546127,46423,750
2023-03-28$362.66$365.0018.0%5.2%17.5%15.4%20.0%5.2%1.0%8.0M-122.8M-2.2M1.6266.111,1241,81827,87723,774
2023-03-29$368.62$360.0016.9%4.8%18.4%11.3%17.1%4.9%0.9%16.0M-200.0M-2.2M0.5329.941,09057628,29423,809
2023-03-30$370.60$365.0016.7%4.8%18.3%10.4%16.3%4.8%1.1%19.3M-224.7M-2.3M0.5140.291,14158328,93423,772
2023-03-31$374.93$365.0016.2%4.7%18.0%8.7%16.5%4.2%1.2%25.4M-293.2M-2.3M0.5733.161,55587929,32423,910