VYM Options History — July 2008

In July 2008, VYM traded between $40.90 and $44.36. ATM implied volatility averaged 64.9%, placing in the 48.1% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 41.8% (HV 20d: 23.1%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days.

Notable Days

  • 2008-07-02: Largest IV spike — 119.2% change
  • 2008-07-09: Highest IV Rank — 100.0%
  • 2008-07-11: Largest Expected Move — 28.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.82$40.90$44.36$43.00$43.65
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV64.9%17.7%155.3%30.3%17.7%
Expected Move13.5%5.1%28.6%8.7%5.1%
HV 20d23.1%17.6%27.0%21.1%26.6%
HV 60d18.9%17.2%21.2%17.2%21.2%
IV Rank48.1%5.7%100.0%16.8%5.7%
IV Percentile85.2%24.2%100.0%86.5%24.2%
Term Structure-57.3%-82.8%-19.8%-19.8%-82.8%
Skew 25d-30.1%-70.0%-5.8%-15.7%-7.5%
Skew 10d-39.9%-90.7%-11.5%-24.9%-13.1%
Call IV 25d67.5%22.3%145.4%39.5%23.5%
Put IV 25d37.4%15.7%75.4%23.8%16.0%
Bid-Ask Spread %144.86118.33165.83122.86125.72
Gamma HHI1.001.001.001.001.00
Net GEX680440936536572
Net DEX-7.4K-10.4K-2.1K-2.4K-2.2K
Net VEX-45-59-16-24-16
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1010101010

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$43.00$0.0030.3%8.7%21.1%16.8%0.0%-15.7%-19.8%536-2.4K-240.00122.86N/AN/A00100
2008-07-02$42.39$0.0066.5%19.1%21.3%45.8%0.0%-46.8%-45.0%683-8.7K-560.00148.11N/AN/A00100
2008-07-03$42.43$0.0067.2%19.3%20.0%46.3%0.0%-50.4%-47.1%689-8.5K-560.00150.06N/AN/A00100
2008-07-07$42.08$0.0081.5%23.4%17.6%57.8%0.0%-56.3%-61.1%652-8.5K-540.00144.76N/AN/A00100
2008-07-08$43.08$0.0081.2%23.3%20.3%99.6%0.0%-53.1%-60.0%757-9.3K-590.00154.99N/AN/A00100
2008-07-09$42.36$0.0085.8%24.6%20.7%100.0%0.0%-63.8%-68.6%680-8.5K-530.00148.81N/AN/A00100
2008-07-10$42.41$0.0089.5%25.7%20.3%100.0%0.0%-68.4%-73.8%686-8.3K-530.00150.00N/AN/A00100
2008-07-11$42.07$0.0099.8%28.6%20.3%100.0%0.0%-70.0%-82.8%648-8.5K-520.00144.76N/AN/A00100
2008-07-14$41.38$50.00133.0%10.6%20.3%100.0%0.0%-22.7%0.0%587-8.0K-500.00138.81N/AN/A00100
2008-07-15$40.90$50.00155.3%11.0%20.1%100.0%0.0%-23.0%0.0%549-7.6K-470.00136.20N/AN/A00100
2008-07-16$42.29$50.0083.0%5.4%24.4%50.4%0.0%-5.8%0.0%440-2.1K-180.00118.33N/AN/A00100
2008-07-17$42.97$50.00150.3%9.6%25.3%96.6%0.0%-22.9%0.0%737-9.3K-550.00151.89N/AN/A00100
2008-07-18$43.25$50.0033.7%9.7%25.4%16.7%0.0%-21.3%0.0%772-9.4K-550.00154.88N/AN/A00100
2008-07-21$43.06$50.0017.7%5.1%24.8%5.7%0.0%-6.6%0.0%507-2.1K-170.00122.04N/AN/A00100
2008-07-22$43.99$50.0034.8%10.0%26.1%17.4%0.0%-18.0%0.0%863-10.4K-540.00161.78N/AN/A00100
2008-07-23$44.36$50.0034.9%10.0%26.1%17.5%0.0%-15.4%0.0%936-10.1K-530.00165.83N/AN/A00100
2008-07-24$43.32$50.0035.4%10.2%27.0%17.9%0.0%-21.9%0.0%781-9.5K-520.00155.42N/AN/A00100
2008-07-25$43.09$50.0018.3%5.3%23.6%6.2%0.0%-6.6%0.0%518-2.2K-170.00121.91N/AN/A00100
2008-07-28$42.33$50.0037.8%10.8%24.3%19.5%0.0%-26.2%0.0%675-8.2K-460.00147.70N/AN/A00100
2008-07-29$43.51$50.0037.0%10.6%26.3%19.0%0.0%-21.7%0.0%806-9.6K-500.00157.61N/AN/A00100
2008-07-30$44.17$50.0037.3%10.7%26.8%19.1%0.0%-18.1%0.0%893-10.4K-500.00164.36N/AN/A00100
2008-07-31$43.65$50.0017.7%5.1%26.6%5.7%0.0%-7.5%0.0%572-2.2K-160.00125.72N/AN/A00100