VYM Options History — January 2008

In January 2008, VYM traded between $46.49 and $50.53. ATM implied volatility averaged 23.8%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 3.7% (HV 20d: 20.1%). Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 3 of 20 days.

Notable Days

  • 2008-01-14: Highest Volume — 30 contracts
  • 2008-01-09: Largest IV spike — 164.9% change
  • 2008-01-09: Highest IV Rank — 51.4%
  • 2008-01-09: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.92$46.49$50.53$50.46$49.43
ATM IV23.8%14.2%76.1%23.3%23.9%
Expected Move5.8%4.1%11.2%6.7%6.9%
HV 20d20.1%16.1%26.7%16.6%26.7%
HV 60d20.1%18.1%22.0%18.1%22.0%
IV Rank10.3%2.7%51.4%9.8%10.3%
IV Percentile38.9%3.2%96.0%46.8%47.6%
Term Structure-4.7%-13.6%1.4%-6.2%-13.6%
Skew 25d-2.8%-17.2%2.4%-6.3%1.1%
Skew 10d-6.7%-15.1%-1.1%-13.2%-4.1%
Call IV 25d28.2%11.9%51.8%32.3%15.9%
Put IV 25d25.4%14.3%46.9%26.0%17.0%
Bid-Ask Spread %147.82111.05190.05153.58118.17
Gamma HHI0.430.330.520.420.46
Net GEX-1.2K-6.4K5.6K4.9K-6.0K
Net DEX79.0K-14.1K147.8K14.1K117.5K
Net VEX-320-467-81-278-383
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume1.503000
Total OI77.561916191

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-01-02$50.46$0.0023.3%6.7%16.6%9.8%0.0%-6.3%-6.2%4.9K14.1K-2780.00153.58N/AN/A005110
2008-01-03$50.53$0.0023.5%6.7%16.6%10.0%0.0%-6.1%-10.7%5.6K16.3K-2710.00153.56N/AN/A005110
2008-01-04$49.65$0.0024.8%4.2%16.6%11.0%0.0%0.1%-4.2%4.0K26.4K-2060.00154.84N/AN/A005110
2008-01-07$50.01$0.0027.6%4.3%16.1%13.3%0.0%0.1%0.5%3.7K28.1K-1890.00155.95N/AN/A005110
2008-01-08$49.17$0.0028.7%4.5%16.7%14.1%0.0%-2.5%0.8%2.9K31.6K-1670.00153.35N/AN/A005110
2008-01-09$49.68$0.0076.1%11.2%17.1%51.4%0.0%-4.9%-10.3%4.5K-14.1K-3940.00190.05N/AN/A005110
2008-01-10$50.40$0.0015.6%4.5%17.0%3.8%0.0%0.1%1.4%4.3K26.0K-2020.00158.87N/AN/A005110
2008-01-11$49.60$0.0017.0%4.9%17.6%4.9%0.0%-17.2%-5.7%2.1K41.8K-810.00129.88N/AN/A005110
2008-01-14$49.83$0.0016.7%4.8%17.8%4.6%0.0%0.1%-4.9%3.8K29.3K-1780.00156.39N/AN/A0305110
2008-01-15$48.72$0.0017.3%5.0%18.0%5.1%0.0%-3.7%-3.2%-5.9K113.3K-4600.00152.85N/AN/A005140
2008-01-16$49.08$0.0017.5%5.0%17.9%5.3%0.0%-2.5%-2.9%-4.9K118.5K-4520.00152.76N/AN/A005140
2008-01-17$47.22$0.0014.2%4.1%21.7%2.7%0.0%2.4%-3.8%-6.4K129.2K-3760.00111.05N/AN/A005140
2008-01-18$46.73$0.0018.9%5.4%21.8%6.4%0.0%-9.1%-5.5%-5.5K139.8K-3500.00139.61N/AN/A005140
2008-01-22$46.49$0.0020.8%6.0%21.6%7.9%0.0%-5.8%-2.5%-5.0K147.8K-3020.00143.23N/AN/A005140
2008-01-23$47.96$0.0020.4%5.8%24.4%7.5%0.0%0.2%-2.8%-5.0K117.4K-4560.00151.85N/AN/A005140
2008-01-24$48.15$0.0020.7%5.9%24.4%7.8%0.0%0.2%-4.6%-5.3K130.5K-3890.00151.73N/AN/A005140
2008-01-28$48.34$0.0022.7%6.5%24.5%9.4%0.0%0.2%-5.6%-5.7K127.0K-4000.00151.94N/AN/A005140
2008-01-29$48.80$0.0022.9%6.6%24.6%9.6%0.0%0.0%-3.1%-4.3K113.2K-4670.00124.25N/AN/A005140
2008-01-30$48.23$0.0024.1%6.9%24.9%10.5%0.0%0.3%-6.2%-5.5K126.7K-3920.00152.47N/AN/A005140
2008-01-31$49.43$0.0023.9%6.9%26.7%10.3%0.0%1.1%-13.6%-6.0K117.5K-3830.00118.17N/AN/A005140