VOO Options History — May 2023

In May 2023, VOO traded between $372.00 and $386.25. ATM implied volatility averaged 15.0%, placing in the 5.7% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 1.3% (HV 20d: 13.8%). Max pain ranged from $355.00 to $375.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.66.

Notable Days

  • 2023-05-19: Highest Volume — 2,458 contracts
  • 2023-05-05: Largest IV drop — 26.8% change
  • 2023-05-04: Highest IV Rank — 17.2%
  • 2023-05-04: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$380.46$372.00$386.25$382.15$385.00
Max Pain$363.41$355.00$375.00$375.00$370.00
ATM IV15.0%13.4%18.6%14.2%14.3%
Expected Move4.4%3.9%5.4%4.1%4.1%
HV 20d13.8%12.0%14.7%12.0%12.3%
HV 60d14.8%14.2%15.3%14.9%14.4%
IV Rank5.7%0.0%17.2%0.7%3.3%
IV Percentile5.9%0.0%21.4%1.2%4.0%
Term Structure0.3%-0.5%1.1%1.1%0.1%
VWIV15.6%13.7%18.1%13.8%13.7%
Skew 25d6.1%4.3%7.8%4.3%4.8%
Skew 10d11.7%8.0%14.6%8.0%9.7%
Call IV 25d12.4%11.3%14.2%11.8%12.1%
Put IV 25d18.5%15.9%22.0%16.1%17.0%
Bid-Ask Spread %61.6547.7878.7356.4449.05
Gamma HHI0.140.080.560.120.13
Net GEX28.4M12.6M101.6M31.4M27.6M
Net DEX-256.9M-346.9M-163.2M-306.6M-293.6M
Net VEX-2.0M-2.2M-2.0M-2.2M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.181.420.730.62
Total Volume1,436.0918362,4581,0671,262
Total OI44,179.54540,01247,59342,92143,734

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$382.15$375.0014.2%4.1%12.0%0.7%13.8%4.3%1.1%31.4M-306.6M-2.2M0.7356.4461745026,19416,727
2023-05-02$377.23$375.0016.4%4.7%12.8%9.1%16.0%5.3%0.7%22.9M-234.0M-2.2M0.8650.981,05390626,49016,852
2023-05-03$375.36$375.0016.8%4.8%12.6%10.4%17.4%5.9%0.5%18.7M-203.7M-2.1M1.1058.6245750326,17517,034
2023-05-04$372.00$355.0018.6%5.4%13.0%17.2%18.1%7.8%-0.1%12.6M-163.2M-2.1M0.7766.6583964526,16817,211
2023-05-05$379.22$355.0013.6%4.5%14.7%0.0%16.4%7.0%0.5%23.9M-246.4M-2.1M0.4864.131,56675926,14617,521
2023-05-08$379.41$360.0013.4%4.4%14.7%0.0%17.1%6.9%0.5%26.6M-256.3M-2.1M0.8370.9046938927,02617,776
2023-05-09$377.88$360.0013.9%4.5%14.7%2.0%16.2%7.0%0.5%22.1M-228.1M-2.1M0.3263.051,00331627,15017,927
2023-05-10$379.72$360.0015.3%4.4%14.7%7.0%15.3%6.7%0.3%26.3M-250.6M-2.1M0.6462.561,25680627,39818,001
2023-05-11$378.36$360.0014.7%4.2%14.0%4.9%15.5%6.8%0.8%23.9M-229.5M-2.1M0.4950.1179539327,54718,392
2023-05-12$377.63$360.0014.5%4.2%14.0%4.1%15.6%6.7%0.7%19.4M-219.1M-2.0M0.7675.0680361327,56018,597
2023-05-15$379.01$360.0014.4%4.1%14.0%3.7%15.1%6.7%0.7%25.6M-246.5M-2.0M0.7971.4773357827,70518,659
2023-05-16$377.76$360.0014.5%4.2%14.1%4.0%16.1%6.8%0.7%19.9M-218.5M-2.0M1.4267.3234649027,87118,883
2023-05-17$381.38$360.0014.6%4.2%14.5%4.7%14.3%5.4%0.3%31.9M-271.6M-2.0M0.4778.731,17754927,89519,010
2023-05-18$385.07$360.0013.5%3.9%14.5%0.5%13.8%4.6%0.3%51.0M-346.9M-2.0M0.4362.301,07246528,18719,092
2023-05-19$384.68$360.0013.8%4.0%14.5%1.5%14.6%5.5%0.5%101.6M-338.2M-2.0M0.5969.701,55090828,42019,173
2023-05-22$384.88$365.0014.3%4.1%14.5%3.6%15.3%5.7%0.2%24.3M-287.6M-2.0M0.6454.221,15174224,45815,554
2023-05-23$381.31$365.0016.0%4.6%13.9%9.7%15.6%6.3%-0.4%21.2M-245.8M-2.0M0.5647.7877243024,85715,987
2023-05-24$377.90$365.0016.5%4.7%14.2%11.6%16.5%7.2%-0.5%16.3M-203.2M-2.0M0.3750.1084331324,97316,315
2023-05-25$381.74$365.0016.6%4.8%12.7%12.0%15.2%6.4%-0.5%20.9M-244.2M-2.0M0.1853.2979614725,18116,514
2023-05-26$386.25$365.0015.5%4.4%13.2%7.7%15.9%5.9%-0.2%27.1M-305.0M-2.0M0.5863.3392253525,73216,600
2023-05-30$386.25$365.0015.2%4.4%13.2%6.8%15.9%5.1%-0.4%28.8M-313.6M-2.0M0.8470.6063853726,29716,961
2023-05-31$385.00$370.0014.3%4.1%12.3%3.3%13.7%4.8%0.1%27.6M-293.6M-2.0M0.6249.0577748526,64717,087