VYM Options History — March 2023

In March 2023, VYM traded between $100.91 and $108.44. ATM implied volatility averaged 17.1%, placing in the 32.9% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 3.2% (HV 20d: 13.9%). Max pain ranged from $102.00 to $107.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.37.

Notable Days

  • 2023-03-21: Highest Volume — 5,673 contracts
  • 2023-03-09: Largest IV spike — 23.9% change
  • 2023-03-13: Highest IV Rank — 73.8%
  • 2023-03-23: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$104.04$100.91$108.44$106.88$105.16
Max Pain$103.22$102.00$107.00$107.00$102.00
ATM IV17.1%14.3%25.9%15.6%14.3%
Expected Move4.6%4.0%5.2%4.5%4.1%
HV 20d13.9%10.1%17.7%10.6%17.5%
HV 60d13.7%13.0%14.2%13.4%14.2%
IV Rank32.9%19.8%73.8%25.9%19.8%
IV Percentile42.7%12.7%98.4%26.2%12.7%
Term Structure0.3%-1.0%1.3%-0.0%0.9%
VWIV15.1%12.6%18.8%17.0%14.1%
Skew 25d4.4%2.2%6.0%2.6%3.6%
Skew 10d8.4%3.9%12.3%4.6%7.6%
Call IV 25d14.0%12.5%15.9%14.7%12.5%
Put IV 25d18.3%14.9%21.4%17.3%16.1%
Bid-Ask Spread %52.3425.9668.8949.2541.31
Gamma HHI0.200.070.370.160.32
Net GEX3.4M392.5K7.6M4.1M7.6M
Net DEX-18.4M-43.7M-1.5M-23.7M-43.7M
Net VEX-183.4K-240.1K-135.7K-193.4K-240.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.010.980.340.19
Total Volume715.7831335,6731,090529
Total OI46,094.34839,65047,41346,49346,674

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$106.88$107.0015.6%4.5%10.6%25.9%17.0%2.6%-0.0%4.1M-23.7M-193.4K0.3449.25N/AN/A81127919,26927,224
2023-03-02$107.43$107.0016.0%4.6%10.1%27.7%15.0%3.0%-0.8%4.7M-27.2M-204.3K0.1025.96N/AN/A8428519,33527,359
2023-03-03$108.44$107.0014.4%4.1%10.5%20.0%13.0%2.2%-0.2%6.4M-35.1M-219.8K0.6745.98N/AN/A47131519,46827,402
2023-03-06$108.44$103.0015.3%4.0%10.4%24.6%12.6%3.0%0.8%6.4M-35.7M-215.8K0.2829.95N/AN/A1444119,72827,597
2023-03-07$106.70$103.0016.4%4.1%11.8%29.4%14.1%2.9%0.7%4.1M-23.3M-187.8K0.1437.77N/AN/A2863919,80627,601
2023-03-08$106.34$103.0016.8%4.1%11.4%31.4%13.5%2.6%0.7%3.3M-19.5M-175.5K0.2448.80N/AN/A2505919,77227,641
2023-03-09$104.41$103.0020.8%5.0%12.7%50.2%15.2%4.2%-1.0%1.9M-11.1M-163.9K0.7653.79N/AN/A27721019,72127,626
2023-03-10$103.00$103.0021.5%5.2%13.1%53.3%16.3%4.7%-0.3%1.3M-5.5M-161.3K0.3863.04N/AN/A62223619,55727,607
2023-03-13$102.56$103.0025.9%5.2%12.2%73.8%18.8%5.1%-0.7%964.1K-3.6M-148.0K0.2564.44N/AN/A70017319,83027,539
2023-03-14$102.97$103.0021.8%4.9%11.8%54.6%15.1%5.0%0.3%764.9K-4.1M-138.5K0.6565.33N/AN/A27017519,53927,498
2023-03-15$101.84$103.0017.7%5.1%12.0%35.5%16.7%6.0%-0.2%440.0K-1.5M-136.7K0.4466.63N/AN/A27512019,55627,439
2023-03-16$103.28$103.0015.6%4.5%13.7%25.7%15.4%5.0%1.3%502.9K-6.4M-135.7K0.3966.42N/AN/A26610419,59327,362
2023-03-17$101.52$103.0017.2%4.9%14.5%33.4%17.9%5.9%0.1%392.5K-1.7M-147.8K0.9862.84N/AN/A18117819,64327,315
2023-03-20$102.17$103.0017.3%5.0%14.9%33.8%14.6%5.8%0.6%999.6K-6.1M-143.7K0.0551.68N/AN/A6773512,71426,936
2023-03-21$103.42$103.0015.8%4.5%15.4%26.7%14.4%4.7%0.3%1.7M-12.3M-152.2K0.0155.34N/AN/A5,6363713,28926,813
2023-03-22$102.10$103.0016.2%4.6%15.8%28.4%14.8%4.9%-0.0%4.3M-19.4M-201.5K0.2068.89N/AN/A1112218,79326,833
2023-03-23$100.91$102.0018.1%5.2%15.8%37.6%16.9%6.0%-0.2%3.1M-12.5M-183.8K0.4759.83N/AN/A31714818,79126,799
2023-03-24$101.56$102.0016.3%4.7%16.1%29.1%15.0%5.8%0.8%3.7M-16.6M-198.0K0.3864.93N/AN/A2057718,95326,822
2023-03-27$102.76$102.0015.3%4.4%16.9%24.4%13.7%4.8%1.2%4.8M-23.6M-210.9K0.0836.52N/AN/A3172419,03026,868
2023-03-28$102.68$102.0015.8%4.5%16.9%26.6%15.6%4.5%0.1%4.8M-23.7M-209.3K0.8749.18N/AN/A12711119,17526,886
2023-03-29$104.00$102.0014.8%4.2%17.7%21.9%13.5%4.3%1.0%6.2M-31.1M-218.1K0.3555.52N/AN/A33812019,26826,934
2023-03-30$104.31$102.0014.9%4.3%17.6%22.6%13.3%4.1%0.5%6.7M-35.4M-231.2K0.1940.41N/AN/A1883519,52927,036
2023-03-31$105.16$102.0014.3%4.1%17.5%19.8%14.1%3.6%0.9%7.6M-43.7M-240.1K0.1941.31N/AN/A4438619,63527,039