VOO Options History — February 2024

In February 2024, VOO traded between $449.21 and $467.42. ATM implied volatility averaged 11.5%, placing in the 7.2% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded below realized volatility by 1.0% (HV 20d: 12.5%). Max pain ranged from $440.00 to $455.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.98.

Notable Days

2024-02-23: Highest Volume — 7,650 contracts
2024-02-14: Largest IV drop — 10.5% change
2024-02-20: Highest IV Rank — 13.0%
2024-02-20: Largest Expected Move — 3.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$459.34	$449.21	$467.42	$449.21	$467.42
Max Pain	$447.75	$440.00	$455.00	$440.00	$455.00
ATM IV	11.5%	10.8%	12.9%	11.6%	11.3%
Expected Move	3.3%	3.1%	3.7%	3.4%	3.2%
HV 20d	12.5%	10.5%	15.0%	10.5%	13.6%
HV 60d	10.5%	9.3%	11.2%	10.2%	11.2%
IV Rank	7.2%	4.3%	13.0%	7.5%	6.6%
IV Percentile	26.6%	9.5%	49.6%	26.2%	25.4%
Term Structure	0.4%	0.0%	0.7%	0.4%	0.2%
VWIV	12.1%	11.1%	13.8%	12.0%	12.0%
Skew 25d	2.1%	1.2%	3.7%	2.9%	1.4%
Skew 10d	5.1%	3.2%	8.0%	6.0%	3.9%
Call IV 25d	10.8%	10.1%	11.6%	10.5%	10.5%
Put IV 25d	12.9%	11.9%	15.1%	13.4%	12.0%
Bid-Ask Spread %	52.99	35.20	68.59	48.46	67.51
Gamma HHI	0.12	0.08	0.44	0.09	0.10
Net GEX	30.8M	17.0M	57.6M	30.9M	20.6M
Net DEX	-541.9M	-636.4M	-403.9M	-485.4M	-532.9M
Net VEX	-2.0M	-2.1M	-1.8M	-2.0M	-2.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.98	0.20	5.30	3.17	0.89
Total Volume	2,356.65	740	7,650	2,657	2,064
Total OI	40,633.2	36,115	46,000	36,253	46,000

Daily Data (20 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
2024-02-01	$449.21	$440.00	11.6%	3.4%	10.5%	7.5%	12.0%	2.9%	0.4%	30.9M	-485.4M	-2.0M	3.17	48.46	637	2,020	20,596	15,657
2024-02-02	$454.88	$445.00	11.1%	3.3%	11.1%	5.8%	12.1%	2.1%	0.6%	32.7M	-566.9M	-1.9M	0.58	54.54	1,401	812	20,914	17,261
2024-02-05	$453.16	$445.00	11.2%	3.2%	11.2%	6.1%	13.1%	2.9%	0.5%	33.3M	-551.9M	-1.9M	1.86	52.23	370	689	20,992	17,435
2024-02-06	$452.99	$445.00	11.0%	3.2%	10.5%	5.1%	11.9%	2.2%	0.7%	33.3M	-541.3M	-1.9M	0.40	56.87	804	323	21,155	17,975
2024-02-07	$457.80	$445.00	10.8%	3.1%	10.9%	4.3%	11.1%	1.7%	0.7%	34.9M	-605.4M	-1.9M	0.37	58.76	1,097	407	21,359	18,106
2024-02-08	$457.98	$445.00	10.8%	3.1%	10.9%	4.5%	11.5%	1.9%	0.7%	36.4M	-607.5M	-1.9M	0.60	58.89	465	277	21,603	18,140
2024-02-09	$460.23	$445.00	10.9%	3.1%	10.8%	4.8%	11.1%	1.9%	0.7%	37.0M	-633.5M	-1.8M	0.46	41.80	1,390	642	21,713	18,202
2024-02-12	$460.57	$445.00	11.5%	3.3%	10.9%	7.3%	11.8%	2.0%	0.7%	36.7M	-636.4M	-1.9M	0.62	35.20	2,194	1,353	22,167	18,522
2024-02-13	$452.93	$445.00	12.6%	3.6%	12.6%	11.7%	13.2%	3.7%	0.3%	28.5M	-505.1M	-2.0M	0.68	39.52	2,478	1,680	22,529	19,003
2024-02-14	$458.02	$450.00	11.2%	3.2%	12.7%	6.2%	11.3%	2.6%	0.6%	40.3M	-600.3M	-2.0M	0.33	51.50	1,694	551	23,380	19,761
2024-02-15	$460.73	$450.00	11.6%	3.3%	12.5%	7.8%	12.1%	2.1%	0.6%	42.3M	-634.9M	-2.0M	0.46	51.67	2,218	1,020	23,425	20,021
2024-02-16	$459.30	$450.00	11.8%	3.4%	12.1%	8.4%	11.8%	2.3%	0.3%	57.6M	-596.2M	-2.1M	0.20	46.81	2,023	406	23,952	20,907
2024-02-20	$455.89	$450.00	12.9%	3.7%	12.5%	13.0%	12.9%	2.9%	0.1%	20.7M	-406.5M	-2.1M	0.60	37.84	1,513	915	19,081	17,034
2024-02-21	$455.78	$450.00	12.7%	3.6%	12.6%	12.2%	12.8%	2.8%	0.0%	21.2M	-403.9M	-2.1M	0.77	48.59	660	510	19,627	17,411
2024-02-22	$466.66	$450.00	11.9%	3.4%	14.9%	9.1%	12.3%	1.8%	0.3%	26.2M	-521.3M	-2.0M	0.48	54.36	1,955	937	19,732	17,662
2024-02-23	$467.09	$450.00	11.1%	3.2%	14.9%	5.7%	13.8%	1.2%	0.7%	29.0M	-534.9M	-2.0M	5.30	59.08	1,215	6,435	20,137	17,895
2024-02-26	$465.65	$450.00	11.4%	3.3%	15.0%	6.8%	11.7%	1.3%	0.2%	18.1M	-483.7M	-2.1M	0.51	65.11	560	287	20,467	23,806
2024-02-27	$465.72	$450.00	11.2%	3.2%	14.9%	6.1%	11.2%	1.2%	0.2%	20.3M	-510.5M	-2.0M	0.47	62.41	502	238	20,592	23,881
2024-02-28	$464.73	$450.00	11.1%	3.2%	14.9%	5.7%	12.2%	1.6%	0.4%	17.0M	-479.7M	-2.1M	0.77	68.59	1,354	1,037	20,638	23,926
2024-02-29	$467.42	$455.00	11.3%	3.2%	13.6%	6.6%	12.0%	1.4%	0.2%	20.6M	-532.9M	-2.0M	0.89	67.51	1,094	970	21,458	24,542