VERX Options History — July 2021

In July 2021, VERX traded between $18.13 and $21.17. ATM implied volatility averaged 51.6%. The 30-day expected move averaged 14.9%. IV traded above realized volatility by 7.1% (HV 20d: 44.5%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.21.

Notable Days

  • 2021-07-20: Highest Volume — 518 contracts
  • 2021-07-12: Largest IV spike — 71.3% change
  • 2021-07-27: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.11$18.13$21.17$21.17$18.90
Max Pain$19.52$15.00$20.00$15.00$20.00
ATM IV51.6%36.8%72.6%51.5%56.1%
Expected Move14.9%12.6%18.1%14.8%16.1%
HV 20d44.5%39.5%50.8%50.8%40.1%
Term Structure1.7%-10.4%19.0%-0.9%-5.8%
VWIV52.7%43.4%72.6%45.7%56.5%
Skew 25d3.3%-6.2%10.8%3.8%-0.4%
Skew 10d10.9%-10.7%30.3%10.5%-2.9%
Call IV 25d50.6%43.0%59.2%43.0%58.4%
Put IV 25d53.8%37.1%64.5%46.8%58.0%
Bid-Ask Spread %82.5651.2298.1883.9598.18
Gamma HHI0.390.280.590.310.58
Net GEX23.4K11.3K34.6K26.2K33.7K
Net DEX-562.6K-843.1K-266.6K-754.8K-752.7K
Net VEX-3.0K-3.8K-2.0K-3.8K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.002.000.000.00
Total Volume35.1430518281
Total OI1,521.191,2851,8121,2991,812

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$21.17$15.0051.5%14.8%0.0%0.0%45.7%3.8%-0.9%26.2K-754.8K-3.8K0.0083.95N/AN/A2801,25544
2021-07-02$20.04$15.0043.8%12.6%50.8%0.0%43.4%-6.2%6.0%23.2K-622.2K-3.4K1.0678.60N/AN/A16171,28344
2021-07-06$19.97$20.0047.3%14.6%49.2%0.0%51.0%2.3%2.3%22.2K-556.5K-3.2K0.2866.79N/AN/A1851,28861
2021-07-07$19.57$20.0048.4%16.6%48.4%0.0%72.6%7.5%-1.4%20.9K-512.5K-3.1K0.3690.82N/AN/A1451,30466
2021-07-08$18.97$20.0047.6%13.7%48.5%0.0%0.0%7.2%19.0%18.1K-443.2K-2.9K0.0084.39N/AN/A001,30670
2021-07-09$19.54$20.0042.4%14.0%48.4%0.0%0.0%2.5%0.5%20.4K-511.0K-2.9K0.0067.62N/AN/A001,30670
2021-07-12$18.97$20.0072.6%14.1%48.4%0.0%48.9%2.8%-0.8%18.6K-490.2K-2.8K0.0088.51N/AN/A401,30670
2021-07-13$18.98$20.0036.8%13.3%47.8%0.0%0.0%5.2%5.5%17.2K-379.9K-2.5K0.0051.22N/AN/A601,30771
2021-07-14$18.13$20.0049.1%14.1%49.4%0.0%0.0%3.7%4.4%12.1K-271.2K-2.1K0.0286.24N/AN/A4211,31371
2021-07-15$18.25$20.0051.3%14.7%47.1%0.0%49.5%3.5%4.4%12.4K-309.0K-2.1K0.2079.23N/AN/A511,28067
2021-07-16$18.18$20.0049.9%14.3%41.4%0.0%48.8%3.5%6.4%11.3K-266.6K-2.0K0.0089.00N/AN/A501,28466
2021-07-19$18.36$20.0052.5%15.0%41.8%0.0%52.5%10.8%6.0%11.5K-278.7K-2.0K0.0090.09N/AN/A801,22263
2021-07-20$19.16$20.0047.0%13.5%45.2%0.0%46.0%2.6%8.4%15.2K-380.0K-2.3K0.0084.39N/AN/A51801,22863
2021-07-21$19.12$20.0046.6%13.3%40.7%0.0%47.4%-0.3%4.6%32.9K-793.9K-3.7K0.0085.41N/AN/A501,73764
2021-07-22$19.09$20.0053.4%15.3%39.5%0.0%52.9%2.4%-1.0%33.0K-789.3K-3.7K0.0078.17N/AN/A101,73764
2021-07-23$19.44$20.0055.0%15.8%40.3%0.0%54.4%1.5%-2.8%34.6K-843.1K-3.7K0.0083.98N/AN/A601,73864
2021-07-26$19.12$20.0056.4%16.2%40.4%0.0%59.8%4.7%-2.8%33.9K-779.5K-3.5K2.0083.26N/AN/A121,73864
2021-07-27$18.44$20.0063.2%18.1%40.2%0.0%0.0%5.3%-10.4%29.7K-630.2K-3.2K0.0083.35N/AN/A601,73964
2021-07-28$18.76$20.0056.4%16.2%41.3%0.0%56.7%2.4%-3.2%31.0K-687.0K-3.3K0.0087.21N/AN/A101,73966
2021-07-29$19.05$20.0057.2%16.4%42.2%0.0%57.4%3.9%-2.1%33.3K-763.5K-3.4K0.0093.25N/AN/A2201,74566
2021-07-30$18.90$20.0056.1%16.1%40.1%0.0%56.5%-0.4%-5.8%33.7K-752.7K-3.3K0.0098.18N/AN/A101,74666