VERX Options History — March 2023

In March 2023, VERX traded between $14.97 and $20.91. ATM implied volatility averaged 56.2%, placing in the 13.8% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded below realized volatility by 18.5% (HV 20d: 74.7%). Max pain ranged from $10.00 to $17.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 2.87.

Notable Days

  • 2023-03-21: Highest Volume — 4,103 contracts
  • 2023-03-13: Largest IV spike — 86.0% change
  • 2023-03-13: Highest IV Rank — 38.6%
  • 2023-03-13: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.02$14.97$20.91$15.58$20.61
Max Pain$15.87$10.00$17.50$15.00$17.50
ATM IV56.2%32.6%89.7%58.8%48.6%
Expected Move15.2%9.4%18.3%16.9%13.9%
HV 20d74.7%28.2%86.5%50.1%86.0%
HV 60d62.4%48.8%66.6%50.2%66.0%
IV Rank13.8%0.0%38.6%14.4%11.7%
IV Percentile28.3%0.0%90.1%30.2%7.9%
Term Structure-1.2%-20.4%26.7%-8.7%3.4%
VWIV46.0%25.2%58.6%40.9%48.4%
Skew 25d9.1%-9.3%25.3%18.2%4.9%
Skew 10d12.7%-18.1%43.7%12.2%-3.6%
Call IV 25d47.0%31.4%75.6%41.4%47.9%
Put IV 25d56.1%43.1%79.1%59.7%52.8%
Bid-Ask Spread %102.1578.28112.90105.0598.67
Gamma HHI0.480.210.750.240.48
Net GEX87.4K1.9K291.3K7.4K232.2K
Net DEX-1.9M-6.0M-163.8K-216.7K-6.0M
Net VEX-4.2K-10.5K-965-1.3K-10.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.870.0028.000.000.05
Total Volume395.43584,103942
Total OI2,518.1746315,6361,1285,636

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$15.58$15.0058.8%16.9%50.1%14.4%40.9%18.2%-8.7%7.4K-216.7K-1.3K0.00105.05N/AN/A90989139
2023-03-02$15.63$15.0057.9%16.6%49.8%13.7%56.9%14.4%-14.0%6.0K-184.4K-1.1K0.07104.90N/AN/A141992139
2023-03-03$15.24$15.0063.1%18.1%38.9%17.8%43.4%16.4%-19.8%6.1K-192.2K-1.2K0.00106.83N/AN/A801,003140
2023-03-06$14.97$12.5069.7%16.4%38.2%23.0%0.0%3.5%-0.7%5.0K-163.8K-1.1K0.00108.65N/AN/A2301,004140
2023-03-07$14.97$12.5078.5%15.4%28.2%29.9%37.3%21.4%-8.5%4.9K-164.0K-9650.56105.52N/AN/A2715995140
2023-03-08$18.64$10.0070.2%17.2%82.2%23.3%55.7%7.5%1.5%23.2K-609.2K-1.6K0.60105.26N/AN/A4982991,008152
2023-03-09$17.95$15.0045.0%17.1%83.9%3.7%47.3%-9.3%-7.6%8.2K-402.8K-1.8K0.8397.82N/AN/A1401161,187377
2023-03-10$17.82$15.0048.2%16.5%84.1%6.2%58.6%-5.0%-3.8%8.0K-336.7K-1.6K2.80105.66N/AN/A15421,155378
2023-03-13$18.27$15.0089.7%18.3%82.4%38.6%0.0%21.4%-20.4%19.2K-541.8K-1.7K3.14112.90N/AN/A7221,155347
2023-03-14$18.48$15.0074.4%13.8%82.4%26.6%0.0%7.3%10.3%19.8K-482.1K-1.6K1.67108.52N/AN/A351,155326
2023-03-15$18.50$15.0052.4%15.0%82.5%9.4%50.6%-1.6%1.5%20.7K-490.2K-1.5K28.00105.93N/AN/A2561,154321
2023-03-16$18.54$17.5063.0%18.1%82.1%17.8%0.0%11.8%1.1%21.8K-505.1K-1.6K22.00111.24N/AN/A3661,152356
2023-03-17$18.24$17.5053.8%15.4%82.5%10.5%32.3%2.4%0.4%3.4K-429.8K-1.4K3.30105.01N/AN/A10331,153312
2023-03-20$17.55$17.5054.3%15.6%84.3%11.0%54.2%8.0%12.8%1.9K-196.0K-1.3K0.4581.22N/AN/A2913467164
2023-03-21$18.37$17.5051.4%14.7%85.0%8.7%49.2%9.2%-13.0%4.2K-281.4K-1.4K0.0078.28N/AN/A4,1030519169
2023-03-22$18.26$17.5053.0%15.2%84.6%9.9%51.8%-2.3%26.7%179.7K-2.9M-8.7K0.0097.77N/AN/A15104,617169
2023-03-23$18.66$17.5052.5%15.0%84.5%9.5%43.8%25.3%11.8%206.7K-3.8M-9.9K0.00109.75N/AN/A3004,766169
2023-03-24$18.91$17.5036.1%10.3%84.5%0.0%38.3%14.6%11.0%254.9K-4.5M-10.1K0.00105.07N/AN/A6004,797169
2023-03-27$19.45$17.5032.6%9.4%84.7%0.0%25.2%2.3%-8.6%291.3K-5.1M-9.5K0.0097.29N/AN/A2204,798169
2023-03-28$19.22$17.5043.7%12.5%85.1%8.2%43.7%13.2%5.7%256.6K-4.4M-9.7K2.5092.83N/AN/A4104,786169
2023-03-29$19.76$17.5046.3%13.3%85.2%10.1%46.8%21.5%-2.1%258.2K-5.2M-9.6K0.01108.04N/AN/A1,521144,790162
2023-03-30$20.91$17.5049.3%14.1%86.5%12.3%49.9%3.5%-7.6%170.0K-5.7M-7.2K0.0397.22N/AN/A1,640423,860173
2023-03-31$20.61$17.5048.6%13.9%86.0%11.7%48.4%4.9%3.4%232.2K-6.0M-10.5K0.0598.67N/AN/A4025,475161