VYM Options History — February 2014

In February 2014, VYM traded between $58.48 and $61.99. ATM implied volatility averaged 10.1%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 2.9%. IV traded below realized volatility by 3.6% (HV 20d: 13.7%). Max pain ranged from $60.00 to $62.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 0.77.

Notable Days

  • 2014-02-24: Highest Volume — 60 contracts
  • 2014-02-27: Largest IV drop — 29.2% change
  • 2014-02-26: Highest IV Rank — 30.6%
  • 2014-02-03: Largest Expected Move — 3.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.67$58.48$61.99$58.48$61.99
Max Pain$61.00$60.00$62.00$61.00$62.00
ATM IV10.1%7.1%13.1%13.1%7.4%
Expected Move2.9%2.0%3.7%3.7%2.1%
HV 20d13.7%12.2%14.9%12.8%12.2%
HV 60d10.9%10.4%11.1%10.8%11.1%
IV Rank16.3%8.2%30.6%24.6%13.5%
IV Percentile40.7%2.0%86.5%86.5%3.2%
Term Structure1.5%-0.6%3.5%-0.6%3.2%
VWIV9.8%5.4%21.6%12.9%8.7%
Skew 25d7.0%0.5%34.4%5.8%3.3%
Skew 10d10.8%3.5%48.5%12.5%6.1%
Call IV 25d8.6%5.1%14.6%13.8%8.1%
Put IV 25d15.6%10.9%44.6%19.6%11.5%
Bid-Ask Spread %28.0516.0740.5116.0729.72
Gamma HHI0.220.170.330.170.21
Net GEX27.9K-56.9K110.4K-54.3K110.4K
Net DEX84.5K-678.1K1.1M1.1M-678.1K
Net VEX-7.4K-8.0K-6.6K-6.6K-7.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.005.002.350.00
Total Volume240605723
Total OI823.632735869746863

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$58.48$61.0013.1%3.7%12.8%24.6%12.9%5.8%-0.6%-54.3K1.1M-6.6K2.3516.07N/AN/A1740310436
2014-02-04$58.79$61.0010.9%3.1%13.1%17.3%0.0%28.9%-0.3%-56.9K1.1M-6.9K0.1022.66N/AN/A303322466
2014-02-05$58.68$61.0011.6%3.3%12.7%19.5%0.0%0.5%0.3%-53.0K1.1M-7.1K0.0026.01N/AN/A021345466
2014-02-06$59.28$61.0011.0%3.2%13.5%17.5%0.0%34.4%0.6%-52.8K910.0K-7.5K0.0019.72N/AN/A150345487
2014-02-07$59.96$60.0010.2%3.3%14.3%15.1%10.0%4.0%1.4%-31.5K539.2K-7.9K0.0032.87N/AN/A220360487
2014-02-10$60.08$60.0011.1%3.4%14.3%17.9%0.0%4.3%-0.0%-12.4K466.1K-8.0K0.6733.12N/AN/A1510380487
2014-02-11$60.75$60.009.5%2.2%14.6%12.8%10.2%5.0%1.8%18.0K82.5K-7.8K0.3540.51N/AN/A238369486
2014-02-12$60.73$60.009.8%3.0%14.3%13.9%0.0%2.4%0.9%23.5K40.7K-8.0K0.0035.86N/AN/A050387482
2014-02-13$61.03$60.0010.6%3.0%14.3%16.3%21.6%3.9%1.7%49.0K-152.8K-7.6K0.0028.15N/AN/A100387437
2014-02-14$61.45$60.0010.5%3.0%14.5%16.2%0.0%4.8%0.9%67.1K-388.0K-7.4K0.0027.25N/AN/A00388437
2014-02-18$61.38$60.0010.5%3.0%14.4%16.1%5.4%5.2%1.5%73.0K-399.3K-7.1K1.0026.65N/AN/A1010388437
2014-02-19$60.97$61.009.9%2.8%14.6%14.2%10.0%2.8%1.7%55.1K-126.5K-7.1K1.5028.03N/AN/A46380447
2014-02-20$61.42$62.0010.4%3.0%14.9%15.8%8.7%5.5%1.8%55.9K-284.1K-7.1K0.0028.63N/AN/A80375451
2014-02-21$61.32$62.009.5%2.7%14.5%12.8%0.0%3.9%2.9%64.1K-239.0K-7.0K0.0029.61N/AN/A01383451
2014-02-24$61.57$62.008.0%2.3%12.9%8.2%8.0%2.2%3.5%29.2K-323.2K-6.9K0.2024.08N/AN/A5010328407
2014-02-25$61.50$62.0010.2%2.9%12.8%15.0%8.2%6.8%1.4%68.1K-346.5K-7.2K0.1422.04N/AN/A294378417
2014-02-26$61.50$62.0010.0%2.9%12.7%30.6%5.9%4.9%2.1%85.8K-382.1K-7.6K5.0030.61N/AN/A420407421
2014-02-27$61.80$62.007.1%2.0%12.3%11.4%8.3%4.9%2.9%91.1K-439.7K-7.8K0.3031.46N/AN/A103411441
2014-02-28$61.99$62.007.4%2.1%12.2%13.5%8.7%3.3%3.2%110.4K-678.1K-7.6K0.0029.72N/AN/A230421442