VYM Options History — March 2011

In March 2011, VYM traded between $42.79 and $44.48. ATM implied volatility averaged 12.9%, placing in the 3.5% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded below realized volatility by 11.5% (HV 20d: 24.4%). Max pain ranged from $46.00 to $46.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 11 of 22 days.

Notable Days

  • 2011-03-04: Highest Volume — 9 contracts
  • 2011-03-25: Largest IV spike — 57.1% change
  • 2011-03-18: Highest IV Rank — 6.3%
  • 2011-03-18: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.83$42.79$44.48$43.81$44.33
Max Pain$46.00$46.00$46.00$46.00$46.00
ATM IV12.9%8.6%17.1%15.8%12.6%
Expected Move3.6%2.4%4.9%4.5%3.6%
HV 20d24.4%12.8%38.6%38.6%12.9%
HV 60d27.5%25.8%29.1%29.1%25.8%
IV Rank3.5%0.6%6.3%5.5%3.3%
IV Percentile7.4%2.0%19.8%9.9%6.3%
Term Structure0.8%-0.4%2.0%-0.4%1.5%
Skew 25d5.5%3.0%8.2%3.0%4.0%
Skew 10d5.9%2.0%9.5%2.0%3.0%
Call IV 25d10.4%7.7%12.2%8.0%7.7%
Put IV 25d16.0%11.1%19.3%11.1%11.7%
Bid-Ask Spread %125.5464.49200.00130.3598.23
Gamma HHI0.950.731.001.000.89
Net GEX-2.5K-9.0K00-2.7K
Net DEX15.7K042.7K018.3K
Net VEX-13-4700-46
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.7730900
Total OI5.22701008

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-03-01$43.81$0.0015.8%4.5%38.6%5.5%0.0%0.0%-0.4%0000.00130.35N/AN/A0000
2011-03-02$43.89$0.008.6%2.5%37.3%0.6%0.0%0.0%0.2%0000.00155.17N/AN/A0100
2011-03-03$44.48$0.0011.2%3.2%37.5%2.4%0.0%3.0%2.0%-2733.8K-40.0098.79N/AN/A0001
2011-03-04$44.20$46.0013.1%2.4%36.1%3.6%0.0%0.0%0.0%-2053.2K-50.00200.00N/AN/A0901
2011-03-07$43.93$46.0013.8%2.7%34.7%4.1%0.0%0.0%0.0%-6.5K23.9K-330.00200.00N/AN/A00010
2011-03-08$44.30$46.0012.4%3.9%34.8%3.2%0.0%4.6%1.4%-7.6K19.2K-290.0087.99N/AN/A00010
2011-03-09$44.33$46.0013.2%4.0%34.7%3.7%0.0%5.0%1.1%-7.5K18.7K-280.0089.11N/AN/A00010
2011-03-10$43.62$46.009.8%2.8%35.1%1.4%0.0%0.0%0.0%-6.7K29.0K-270.00200.00N/AN/A00010
2011-03-11$43.81$46.009.5%2.7%32.1%1.2%0.0%0.0%0.0%-9.0K26.9K-270.00200.00N/AN/A00010
2011-03-14$43.58$46.0010.5%3.0%31.9%1.9%0.0%0.0%0.0%-5.2K28.0K-210.00200.00N/AN/A00010
2011-03-15$43.07$46.0016.1%4.6%27.3%5.7%0.0%8.2%0.7%-4.0K39.4K-80.0093.45N/AN/A00010
2011-03-17$42.79$46.0017.1%4.9%22.1%6.3%0.0%6.9%0.4%-1.5K41.8K-20.00106.81N/AN/A00010
2011-03-18$43.02$46.0017.1%4.9%13.9%6.3%0.0%7.6%0.3%-58442.7K-10.00106.02N/AN/A00010
2011-03-21$43.69$46.0014.0%4.0%14.0%4.3%0.0%7.3%1.0%-1064.2K-10.0064.49N/AN/A0001
2011-03-22$43.60$46.0013.8%3.9%13.9%4.1%0.0%6.1%1.3%-964.2K-10.0068.06N/AN/A0001
2011-03-23$43.69$46.0012.9%3.7%13.3%3.5%0.0%0.0%0.0%-774.3K-10.00112.01N/AN/A0001
2011-03-24$44.01$46.009.5%2.7%13.5%1.2%0.0%0.0%0.0%-1714.2K-10.00108.54N/AN/A0001
2011-03-25$43.87$46.0014.9%4.3%13.5%4.9%0.0%0.0%0.0%-1344.2K-10.00129.44N/AN/A0001
2011-03-28$43.81$46.0012.8%3.7%13.4%3.4%0.0%4.0%-0.3%-854.3K00.0082.57N/AN/A0701
2011-03-29$44.05$46.0011.6%3.3%13.3%2.6%0.0%4.3%1.5%-2.5K19.9K-470.0085.89N/AN/A0008
2011-03-30$44.40$46.0013.0%3.7%12.8%3.6%0.0%0.0%0.0%-2114.2K-10.00144.87N/AN/A0001
2011-03-31$44.33$46.0012.6%3.6%12.9%3.3%0.0%4.0%1.5%-2.7K18.3K-460.0098.23N/AN/A0008