VOO Options History — January 2024

In January 2024, VOO traded between $429.80 and $451.36. ATM implied volatility averaged 11.3%, placing in the 6.3% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 1.5% (HV 20d: 9.8%). Max pain ranged from $400.00 to $425.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.75.

Notable Days

2024-01-02: Highest Volume — 14,371 contracts
2024-01-10: Largest IV spike — 15.3% change
2024-01-17: Highest IV Rank — 11.4%
2024-01-04: Largest Expected Move — 3.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$439.82	$429.80	$451.36	$432.82	$444.53
Max Pain	$417.86	$400.00	$425.00	$400.00	$425.00
ATM IV	11.3%	10.0%	12.5%	10.9%	12.3%
Expected Move	3.3%	3.1%	3.6%	3.1%	3.5%
HV 20d	9.8%	9.1%	10.9%	9.8%	10.2%
HV 60d	11.7%	10.1%	12.7%	12.6%	10.2%
IV Rank	6.3%	1.2%	11.4%	4.6%	10.5%
IV Percentile	18.9%	1.2%	38.5%	9.9%	38.5%
Term Structure	0.6%	-0.1%	1.3%	1.0%	-0.1%
VWIV	12.0%	10.8%	17.4%	17.4%	12.6%
Skew 25d	2.3%	1.3%	3.5%	2.1%	2.1%
Skew 10d	5.2%	3.1%	6.7%	4.8%	4.6%
Call IV 25d	10.6%	9.9%	11.6%	10.2%	11.6%
Put IV 25d	12.9%	11.9%	14.6%	12.3%	13.7%
Bid-Ask Spread %	59.81	35.00	71.75	35.00	63.46
Gamma HHI	0.14	0.10	0.24	0.12	0.10
Net GEX	42.6M	28.6M	59.4M	40.3M	29.1M
Net DEX	-524.8M	-741.5M	-413.4M	-501.7M	-418.9M
Net VEX	-1.9M	-2.0M	-1.8M	-2.0M	-2.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.24	5.51	5.51	0.25
Total Volume	2,326.762	816	14,371	14,371	2,358
Total OI	45,666.238	31,761	55,286	55,286	35,526

Daily Data (21 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
2024-01-02	$432.82	$400.00	10.9%	3.1%	9.8%	4.6%	17.4%	2.1%	1.0%	40.3M	-501.7M	-2.0M	5.51	35.00	2,209	12,162	27,268	28,018
2024-01-03	$431.08	$400.00	11.5%	3.3%	9.7%	7.2%	11.6%	2.1%	1.3%	43.9M	-483.1M	-2.0M	0.73	35.52	986	720	28,448	22,773
2024-01-04	$430.43	$415.00	11.2%	3.6%	9.8%	6.1%	12.6%	3.4%	0.9%	44.2M	-475.2M	-2.0M	0.36	70.86	979	349	28,594	22,783
2024-01-05	$429.80	$415.00	10.7%	3.5%	9.7%	4.1%	12.2%	3.3%	1.1%	42.2M	-452.7M	-2.0M	0.58	67.06	769	443	28,797	22,888
2024-01-08	$435.53	$415.00	10.6%	3.4%	10.4%	3.5%	11.3%	2.7%	1.0%	51.5M	-582.9M	-1.9M	0.36	69.64	1,106	399	29,001	23,052
2024-01-09	$435.01	$415.00	10.0%	3.2%	10.3%	1.2%	11.3%	2.7%	1.2%	53.5M	-576.8M	-1.9M	0.53	68.01	789	417	29,189	22,977
2024-01-10	$437.35	$415.00	11.6%	3.3%	10.4%	7.5%	11.6%	2.5%	1.1%	55.4M	-615.5M	-1.8M	0.37	66.90	1,098	401	29,248	22,972
2024-01-11	$437.26	$415.00	11.1%	3.2%	10.4%	5.6%	11.3%	2.3%	1.2%	59.4M	-614.3M	-1.8M	0.35	68.69	1,368	482	29,681	22,992
2024-01-12	$437.90	$415.00	10.7%	3.1%	9.5%	3.8%	10.8%	2.4%	1.2%	57.8M	-614.5M	-1.8M	0.44	66.22	1,274	566	29,632	23,099
2024-01-16	$435.89	$415.00	12.1%	3.5%	9.6%	9.8%	11.7%	2.9%	0.8%	54.2M	-573.8M	-1.8M	0.43	58.96	1,250	536	29,784	23,182
2024-01-17	$433.51	$415.00	12.5%	3.6%	9.8%	11.4%	13.4%	3.5%	0.5%	51.5M	-536.2M	-1.8M	0.88	71.75	1,350	1,184	30,173	23,369
2024-01-18	$437.76	$420.00	11.6%	3.3%	10.1%	7.9%	11.8%	3.0%	0.3%	59.0M	-617.7M	-1.8M	0.43	64.08	1,672	714	30,368	23,786
2024-01-19	$443.07	$420.00	11.1%	3.2%	10.9%	5.7%	11.6%	2.3%	0.3%	42.0M	-741.5M	-1.8M	0.24	68.98	2,709	651	31,032	24,188
2024-01-22	$444.56	$425.00	11.2%	3.2%	9.4%	5.9%	11.4%	2.2%	0.4%	28.6M	-413.4M	-1.8M	0.46	66.02	1,361	621	17,986	13,775
2024-01-23	$445.43	$425.00	10.8%	3.1%	9.3%	4.3%	10.9%	2.1%	0.5%	29.0M	-427.3M	-1.8M	0.63	52.67	623	390	18,519	14,033
2024-01-24	$446.81	$425.00	11.1%	3.2%	9.3%	5.8%	11.5%	1.7%	0.4%	30.9M	-448.5M	-1.8M	0.70	56.29	1,540	1,074	18,759	14,109
2024-01-25	$447.59	$425.00	11.0%	3.2%	9.2%	5.4%	11.6%	1.7%	0.1%	29.4M	-454.6M	-1.9M	0.62	43.69	838	519	19,233	14,808
2024-01-26	$447.74	$425.00	11.0%	3.1%	9.2%	5.1%	11.5%	1.7%	0.1%	30.1M	-455.4M	-2.0M	0.55	54.20	662	364	19,661	15,082
2024-01-29	$450.75	$425.00	11.7%	3.4%	9.3%	8.3%	11.9%	1.3%	0.0%	30.9M	-506.6M	-1.9M	0.44	55.54	565	251	19,885	15,142
2024-01-30	$451.36	$425.00	11.8%	3.4%	9.1%	8.6%	12.2%	1.4%	-0.0%	30.8M	-511.2M	-1.9M	0.93	52.47	577	536	19,976	15,203
2024-01-31	$444.53	$425.00	12.3%	3.5%	10.2%	10.5%	12.6%	2.1%	-0.1%	29.1M	-418.9M	-2.0M	0.25	63.46	1,879	479	20,066	15,460