VERS Options History — March 2024

In March 2024, VERS traded between $40.67 and $42.77. ATM implied volatility averaged 28.2%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 5.5% (HV 20d: 22.8%). Max pain ranged from $36.00 to $36.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days.

Notable Days

  • 2024-03-13: Largest IV drop — 48.0% change
  • 2024-03-12: Highest IV Rank — 41.5%
  • 2024-03-01: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.70$40.67$42.77$42.75$41.30
Max Pain$36.00$36.00$36.00$36.00$36.00
ATM IV28.2%22.1%45.6%26.1%24.7%
Expected Move7.0%6.4%7.5%7.5%7.1%
HV 20d22.8%19.2%27.0%24.7%19.2%
HV 60d22.9%21.8%23.8%22.7%21.8%
IV Rank16.9%8.3%41.5%13.9%11.9%
IV Percentile53.1%13.1%96.4%53.6%46.4%
Term Structure-0.3%-2.9%4.0%0.3%-1.8%
Skew 25d0.7%-2.1%2.1%1.7%-0.3%
Skew 10d3.9%-6.1%15.2%2.3%13.9%
Call IV 25d24.6%22.2%29.0%29.0%26.6%
Put IV 25d25.2%22.3%30.6%30.6%26.3%
Bid-Ask Spread %126.07118.28131.99128.94131.30
Gamma HHI0.300.260.360.350.27
Net GEX1.3K1.2K1.4K1.3K1.3K
Net DEX-48.2K-52.0K-43.5K-52.0K-46.5K
Net VEX-43-58-28-55-32
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1818181818

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$42.75$0.0026.1%7.5%24.7%13.9%0.0%1.7%0.3%1.3K-52.0K-550.00128.94N/AN/A00162
2024-03-04$42.49$36.0033.6%6.8%23.8%24.5%0.0%0.9%0.9%1.3K-51.9K-520.00124.48N/AN/A00162
2024-03-05$41.37$36.0031.1%7.2%25.6%21.0%0.0%0.3%-1.3%1.4K-46.6K-580.00121.68N/AN/A00162
2024-03-06$41.80$36.0031.4%7.5%25.8%21.4%0.0%0.1%-2.7%1.3K-48.6K-550.00121.82N/AN/A00162
2024-03-07$42.77$36.0033.1%7.5%27.0%23.7%0.0%-0.1%-2.1%1.3K-51.9K-500.00121.07N/AN/A00162
2024-03-08$42.49$36.0035.7%6.8%27.0%27.4%0.0%-2.1%-2.9%1.3K-51.9K-490.00118.28N/AN/A00162
2024-03-11$42.33$36.0043.8%7.4%26.5%38.9%0.0%0.4%-2.4%1.3K-50.9K-480.00123.27N/AN/A00162
2024-03-12$42.56$36.0045.6%7.3%26.4%41.5%0.0%0.1%-2.4%1.3K-51.4K-450.00121.33N/AN/A00162
2024-03-13$42.39$36.0023.7%6.8%23.1%10.5%0.0%1.8%-2.1%1.3K-51.2K-440.00125.49N/AN/A00162
2024-03-14$41.54$36.0023.5%6.7%22.3%10.2%0.0%2.1%0.9%1.3K-48.8K-430.00124.18N/AN/A00162
2024-03-15$41.19$36.0025.4%7.3%22.4%12.9%0.0%1.3%0.1%1.4K-45.7K-490.00129.26N/AN/A00162
2024-03-18$40.97$36.0024.9%7.1%21.6%12.2%0.0%1.0%0.0%1.3K-45.3K-440.00125.81N/AN/A00162
2024-03-19$40.67$36.0022.9%6.6%21.1%9.3%0.0%2.0%3.1%1.3K-43.5K-410.00127.87N/AN/A00162
2024-03-20$41.37$36.0022.1%6.4%21.6%8.3%0.0%0.1%4.0%1.4K-47.5K-280.00126.64N/AN/A00162
2024-03-21$41.36$36.0022.5%6.5%19.6%8.8%0.0%-0.1%-0.7%1.3K-46.9K-360.00127.46N/AN/A00162
2024-03-22$41.28$36.0023.3%6.7%19.4%9.8%0.0%0.8%1.1%1.3K-46.4K-380.00129.73N/AN/A00162
2024-03-25$41.06$36.0024.2%6.9%19.3%11.2%0.0%1.3%0.3%1.3K-45.4K-350.00131.99N/AN/A00162
2024-03-26$40.90$36.0024.0%6.9%19.3%10.9%0.0%0.1%-0.7%1.3K-44.9K-340.00130.40N/AN/A00162
2024-03-27$41.32$36.0023.2%6.7%19.6%9.8%0.0%2.0%2.3%1.2K-46.7K-310.00130.29N/AN/A00162
2024-03-28$41.30$36.0024.7%7.1%19.2%11.9%0.0%-0.3%-1.8%1.3K-46.5K-320.00131.30N/AN/A00162