VERX Options History — February 2023

In February 2023, VERX traded between $13.88 and $15.62. ATM implied volatility averaged 61.2%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded above realized volatility by 8.9% (HV 20d: 52.3%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.11.

Notable Days

  • 2023-02-27: Highest Volume — 90 contracts
  • 2023-02-07: Largest IV spike — 61.3% change
  • 2023-02-07: Highest IV Rank — 49.1%
  • 2023-02-02: Largest Expected Move — 19.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.94$13.88$15.62$13.88$15.59
Max Pain$14.87$12.50$15.00$12.50$15.00
ATM IV61.2%41.8%103.2%56.7%59.0%
Expected Move16.4%12.0%19.9%16.3%16.9%
HV 20d52.3%46.5%65.3%55.8%50.8%
HV 60d58.0%50.3%67.3%63.5%50.3%
IV Rank16.3%1.1%49.1%12.8%14.6%
IV Percentile35.0%0.4%96.0%22.2%31.3%
Term Structure-4.0%-22.4%20.3%12.4%-13.3%
VWIV54.8%43.2%72.4%59.4%59.7%
Skew 25d15.5%2.4%56.9%56.9%21.0%
Skew 10d30.8%8.4%118.9%68.1%12.2%
Call IV 25d47.2%35.3%59.9%45.9%36.8%
Put IV 25d62.7%47.6%102.8%102.8%57.9%
Bid-Ask Spread %104.7894.50119.60119.60107.21
Gamma HHI0.240.200.320.250.28
Net GEX6.1K3.0K8.2K3.0K6.5K
Net DEX-149.7K-193.8K-57.0K-57.0K-193.8K
Net VEX-1.1K-1.5K-736-736-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.110.000.800.000.00
Total Volume11.10509005
Total OI1,045.8959761,1239761,123

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$13.88$12.5056.7%16.3%55.8%12.8%0.0%56.9%12.4%3.0K-57.0K-7360.00119.60N/AN/A0087898
2023-02-02$15.23$15.0083.8%19.9%65.3%34.0%59.4%22.7%-5.5%7.2K-173.1K-1.2K0.00100.36N/AN/A48087898
2023-02-03$15.62$15.0076.3%16.1%46.5%28.1%43.2%11.7%-7.2%5.8K-165.9K-1.1K0.20112.26N/AN/A153910108
2023-02-06$14.55$15.0064.0%17.1%51.2%18.5%56.3%2.4%0.8%6.4K-144.9K-1.3K0.0094.50N/AN/A200921110
2023-02-07$14.52$15.00103.2%19.8%50.3%49.1%0.0%5.7%-18.9%7.7K-181.1K-1.5K0.00100.34N/AN/A10944110
2023-02-08$14.43$15.0051.7%14.8%49.6%8.9%0.0%3.4%-16.0%6.8K-147.5K-1.3K0.00105.77N/AN/A40945110
2023-02-09$14.74$15.0052.9%15.2%49.5%9.8%0.0%15.2%4.9%6.6K-154.7K-1.3K0.0096.62N/AN/A00942110
2023-02-10$14.21$15.0064.7%18.6%51.9%19.1%0.0%14.3%-4.7%5.3K-105.7K-1.0K0.00103.14N/AN/A00942110
2023-02-13$14.46$15.0067.5%19.3%51.8%21.2%0.0%9.6%-3.2%6.1K-128.8K-1.0K0.0095.13N/AN/A00942110
2023-02-14$14.70$15.0056.7%16.3%51.7%12.8%0.0%10.1%-22.4%8.2K-181.4K-1.3K0.0099.96N/AN/A00942110
2023-02-15$15.21$15.0065.3%18.7%52.1%19.5%0.0%15.7%-3.7%7.7K-171.2K-1.1K0.00104.58N/AN/A00942110
2023-02-16$15.20$15.0044.1%12.6%51.5%2.9%45.2%9.3%20.3%5.0K-129.9K-9310.0099.27N/AN/A230942110
2023-02-17$15.36$15.0041.8%12.0%51.4%1.1%72.4%4.4%-20.1%5.7K-180.4K-1.1K0.00105.42N/AN/A01959110
2023-02-21$15.17$15.0059.9%17.2%52.1%15.3%0.0%22.2%3.4%7.4K-167.5K-1.2K0.00111.08N/AN/A00942109
2023-02-22$14.88$15.0051.7%14.8%53.1%8.9%0.0%23.0%7.3%4.2K-114.5K-9390.00110.88N/AN/A10942109
2023-02-23$15.27$15.0051.2%14.7%53.4%8.5%0.0%26.5%-14.0%5.2K-145.7K-1.0K0.0098.12N/AN/A00943109
2023-02-24$15.35$15.0047.8%13.7%53.4%5.9%0.0%4.6%2.0%4.3K-130.7K-9100.00118.01N/AN/A00943109
2023-02-27$15.54$15.0064.0%18.4%51.4%18.6%47.2%16.1%1.5%6.5K-171.0K-9550.80108.61N/AN/A5040943109
2023-02-28$15.59$15.0059.0%16.9%50.8%14.6%59.7%21.0%-13.3%6.5K-193.8K-1.2K0.00107.21N/AN/A50984139