VYM Options History — March 2008

In March 2008, VYM traded between $45.16 and $48.52. ATM implied volatility averaged 21.3%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 1.0% (HV 20d: 22.2%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 1 of 20 days.

Notable Days

  • 2008-03-17: Highest Volume — 10 contracts
  • 2008-03-13: Largest IV drop — 45.7% change
  • 2008-03-12: Highest IV Rank — 17.8%
  • 2008-03-05: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.85$45.16$48.52$47.07$47.17
Max Pain$55.00$55.00$55.00$55.00$55.00
ATM IV21.3%16.8%32.2%16.8%23.3%
Expected Move5.6%4.8%7.1%4.8%6.7%
HV 20d22.2%16.3%26.6%19.6%25.0%
HV 60d22.5%21.0%23.9%21.3%23.9%
IV Rank9.4%5.8%17.8%5.8%11.2%
IV Percentile42.3%19.4%64.7%19.4%57.1%
Term Structure-6.2%-10.9%3.5%3.5%-7.1%
Skew 25d-3.8%-22.0%17.6%17.6%0.2%
Skew 10d-8.2%-29.0%17.3%17.3%-4.6%
Call IV 25d27.2%9.8%36.2%9.8%33.0%
Put IV 25d23.4%13.2%33.2%27.4%33.2%
Bid-Ask Spread %145.76131.00155.77131.78154.49
Gamma HHI0.530.500.550.530.53
Net GEX-5.9K-9.2K-3.6K-6.7K-6.6K
Net DEX137.2K79.9K163.8K147.0K104.7K
Net VEX-222-277-145-264-215
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.501000
Total OI72.730919130

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-03-03$47.07$55.0016.8%4.8%19.6%5.8%0.0%17.6%3.5%-6.7K147.0K-2640.00131.78N/AN/A005140
2008-03-04$46.94$55.0023.9%6.9%19.3%11.3%0.0%-21.0%-10.7%-5.7K154.6K-2380.00131.00N/AN/A005140
2008-03-05$47.09$55.0024.6%7.1%16.3%11.9%0.0%-17.5%-10.9%-5.8K151.1K-2560.00137.19N/AN/A005140
2008-03-06$46.00$55.0019.5%5.6%18.1%7.9%0.0%-22.0%-9.0%-4.9K158.8K-2000.00132.32N/AN/A005140
2008-03-07$45.70$0.0020.1%4.9%17.5%8.4%0.0%-7.6%-7.5%-4.5K159.3K-1860.00134.77N/AN/A005140
2008-03-10$45.16$0.0021.7%4.8%17.5%9.6%0.0%-8.1%-3.2%-3.6K163.8K-1450.00138.44N/AN/A005140
2008-03-11$46.68$0.0030.7%4.8%21.5%16.7%0.0%-1.6%-4.5%-5.8K151.1K-2280.00147.91N/AN/A005140
2008-03-12$46.53$0.0032.2%5.1%21.3%17.8%0.0%-2.2%-5.1%-5.3K154.6K-2180.00146.69N/AN/A005140
2008-03-13$46.63$0.0017.5%5.0%20.7%6.4%0.0%-1.9%-4.7%-5.5K155.8K-2120.00147.55N/AN/A005140
2008-03-14$45.82$0.0018.2%5.2%21.0%6.9%0.0%-5.4%-5.5%-4.2K163.4K-1670.00143.37N/AN/A005140
2008-03-17$45.68$0.0019.0%5.4%20.9%7.5%0.0%-6.2%-6.6%-4.1K162.6K-1570.00144.38N/AN/A0105140
2008-03-18$47.11$0.0018.0%5.2%24.0%6.9%0.0%-0.1%-7.0%-7.1K144.8K-2420.00150.94N/AN/A005140
2008-03-19$46.67$0.0019.1%5.5%24.2%7.9%0.0%-1.9%-7.0%-5.5K157.9K-1980.00149.48N/AN/A005140
2008-03-20$48.11$0.0018.2%5.2%26.3%7.1%0.0%0.1%-4.7%-6.8K142.8K-2650.00152.15N/AN/A005140
2008-03-24$48.52$0.0019.0%5.5%26.3%7.8%0.0%0.2%-7.3%-9.2K79.9K-2770.00155.35N/AN/A00030
2008-03-25$48.22$0.0019.9%5.7%26.0%8.4%0.0%0.2%-3.9%-7.5K88.1K-2740.00154.76N/AN/A00030
2008-03-26$47.54$0.0020.4%5.8%26.4%8.8%0.0%0.1%-7.4%-7.0K95.9K-2530.00155.77N/AN/A00030
2008-03-27$47.54$0.0021.3%6.1%26.4%9.6%0.0%0.2%-7.7%-6.7K101.7K-2380.00153.75N/AN/A00030
2008-03-28$46.83$0.0021.7%6.2%26.6%9.9%0.0%0.1%-6.7%-6.2K105.4K-2100.00153.14N/AN/A00030
2008-03-31$47.17$0.0023.3%6.7%25.0%11.2%0.0%0.2%-7.1%-6.6K104.7K-2150.00154.49N/AN/A00030