VYM Options History — May 2008

In May 2008, VYM traded between $47.50 and $49.45. ATM implied volatility averaged 26.5%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 11.5% (HV 20d: 14.9%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 1 of 21 days.

Notable Days

  • 2008-05-15: Largest IV drop — 71.6% change
  • 2008-05-14: Highest IV Rank — 37.7%
  • 2008-05-02: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.54$47.50$49.45$49.21$48.15
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV26.5%16.0%56.4%24.3%21.2%
Expected Move5.1%4.2%7.2%7.0%6.1%
HV 20d14.9%13.4%16.7%15.5%13.4%
HV 60d20.2%19.6%20.5%20.5%19.8%
IV Rank13.7%5.3%37.7%12.0%9.5%
IV Percentile55.5%14.3%95.2%67.1%56.7%
Term Structure-3.6%-8.4%0.2%-8.4%-5.7%
Skew 25d0.8%-4.5%7.2%5.9%0.3%
Skew 10d2.5%-2.9%16.0%14.4%0.1%
Call IV 25d24.2%13.7%30.3%28.5%30.2%
Put IV 25d25.0%18.5%35.2%34.4%30.4%
Bid-Ask Spread %139.01126.82155.33155.33140.80
Gamma HHI0.460.450.470.470.46
Net GEX-6.4K-7.5K-5.2K-7.4K-6.1K
Net DEX73.0K48.6K108.8K57.8K81.8K
Net VEX-275-345-170-344-219
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI4141414141

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-05-01$49.21$0.0024.3%7.0%15.5%12.0%0.0%5.9%-8.4%-7.4K57.8K-3440.00155.33N/AN/A001130
2008-05-02$49.45$0.0025.0%7.2%15.6%12.5%0.0%7.2%-8.2%-6.7K48.6K-3450.00153.36N/AN/A001130
2008-05-05$49.09$50.0028.2%4.2%15.8%15.1%0.0%0.1%-2.4%-6.5K56.8K-3330.00137.45N/AN/A001130
2008-05-06$49.33$50.0029.3%4.5%15.8%16.0%0.0%-0.3%-3.2%-7.5K57.4K-3280.00137.46N/AN/A001130
2008-05-07$48.47$50.0031.2%4.4%16.7%17.5%0.0%0.2%-0.1%-6.2K71.8K-3080.00136.73N/AN/A001130
2008-05-08$48.35$50.0033.0%4.4%16.7%19.0%0.0%0.2%0.2%-6.1K74.3K-2990.00137.25N/AN/A001130
2008-05-09$48.09$50.0035.2%4.4%15.2%20.7%0.0%0.2%-0.1%-5.9K79.5K-2840.00137.28N/AN/A001130
2008-05-12$48.64$50.0043.7%4.5%15.0%27.5%0.0%0.3%-5.2%-6.1K69.9K-2910.00138.38N/AN/A001130
2008-05-13$48.50$50.0049.3%4.8%15.1%32.0%0.0%0.3%-0.9%-6.2K71.8K-2930.00137.99N/AN/A001130
2008-05-14$48.82$50.0056.4%4.5%13.9%37.7%0.0%0.2%-4.6%-6.4K65.6K-2950.00138.69N/AN/A001130
2008-05-15$49.15$50.0016.0%4.6%14.1%5.3%0.0%0.3%-3.1%-6.6K58.3K-3000.00139.36N/AN/A001130
2008-05-16$49.08$50.0016.3%4.7%13.7%5.5%0.0%0.3%-3.7%-6.5K60.0K-2930.00139.08N/AN/A001130
2008-05-19$49.20$50.0016.9%4.9%13.5%6.1%0.0%0.3%-1.5%-6.6K56.9K-2890.00140.07N/AN/A001130
2008-05-20$48.60$50.0017.3%5.0%14.0%6.4%0.0%0.3%-4.2%-6.5K69.9K-2730.00139.15N/AN/A001130
2008-05-21$47.89$50.0018.4%5.3%15.0%7.3%0.0%0.3%-4.2%-6.1K87.8K-2380.00138.25N/AN/A001130
2008-05-22$48.09$50.0017.1%4.9%14.5%6.2%0.0%-4.5%-4.3%-7.2K93.8K-2270.00126.82N/AN/A001130
2008-05-23$47.50$50.0018.7%5.4%14.9%7.5%0.0%0.2%-2.1%-5.2K93.3K-2140.00138.57N/AN/A001130
2008-05-27$47.71$50.0016.4%4.7%15.0%5.7%0.0%4.8%-0.6%-6.0K108.8K-1700.00127.38N/AN/A001130
2008-05-28$47.73$50.0020.4%5.8%14.9%8.8%0.0%0.1%-5.8%-5.5K89.5K-2120.00139.64N/AN/A001130
2008-05-29$48.28$50.0021.2%6.1%15.4%9.5%0.0%0.3%-6.8%-6.3K79.5K-2260.00140.14N/AN/A001130
2008-05-30$48.15$50.0021.2%6.1%13.4%9.5%0.0%0.3%-5.7%-6.1K81.8K-2190.00140.80N/AN/A001130