VET Options History — February 2015

In February 2015, VET traded between $42.52 and $49.11. ATM implied volatility averaged 44.0%, placing in the 45.0% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded below realized volatility by 20.7% (HV 20d: 64.7%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.63.

Notable Days

  • 2015-02-26: Highest Volume — 313 contracts
  • 2015-02-11: Largest IV drop — 29.4% change
  • 2015-02-09: Highest IV Rank — 61.2%
  • 2015-02-25: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.35$42.52$49.11$45.60$44.41
Max Pain$48.42$40.00$50.00$40.00$50.00
ATM IV44.0%34.0%55.1%37.3%46.5%
Expected Move12.2%9.7%15.4%10.7%13.3%
HV 20d64.7%57.0%75.7%70.4%58.3%
HV 60d62.9%60.8%64.0%60.8%61.1%
IV Rank45.0%30.5%61.2%35.3%48.7%
IV Percentile82.6%60.3%95.6%73.4%87.3%
Term Structure-0.4%-10.9%17.1%17.1%-10.9%
VWIV46.4%38.4%68.0%38.4%45.3%
Skew 25d8.5%-2.0%31.6%28.8%9.7%
Skew 10d14.9%-31.9%42.7%36.5%6.8%
Call IV 25d46.7%27.3%67.1%27.3%45.9%
Put IV 25d55.2%43.0%69.2%56.1%55.6%
Bid-Ask Spread %107.8994.26122.71122.71110.62
Gamma HHI0.280.190.840.350.22
Net GEX14.0K3.3K97.6K10.4K5.9K
Net DEX12.4K-216.0K162.9K17.1K100.9K
Net VEX-2.2K-2.5K-1.8K-2.0K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.000.850.580.70
Total Volume240.57913132305
Total OI503.737442540442540

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-02-02$45.60$40.0037.3%10.7%70.4%35.3%0.0%28.8%17.1%10.4K17.1K-2.0K0.00122.71N/AN/A02289153
2015-02-03$49.11$40.0038.4%11.0%69.0%36.9%38.4%31.6%6.3%12.1K-216.0K-2.5K0.58119.01N/AN/A16596289155
2015-02-04$44.90$40.0041.8%12.0%75.4%41.9%68.0%2.0%5.0%12.1K-44.6K-2.3K0.58121.06N/AN/A16596331155
2015-02-05$45.33$50.0044.2%11.9%75.4%45.4%44.5%3.3%-4.6%12.8K-41.8K-2.5K0.64106.41N/AN/A165105331155
2015-02-06$45.91$50.0052.4%13.7%75.4%57.3%47.3%9.7%-9.6%9.5K9.0K-2.3K0.64105.12N/AN/A165105331165
2015-02-09$46.96$50.0055.1%11.8%75.7%61.2%42.6%8.5%-5.7%12.1K-83.1K-2.4K0.6194.26N/AN/A173105331165
2015-02-10$45.10$50.0052.3%13.9%65.9%57.2%43.7%1.9%-3.9%10.9K-152-2.2K0.6197.91N/AN/A173105336165
2015-02-11$44.74$50.0036.9%10.6%65.4%34.8%40.2%0.1%2.0%7.3K78.5K-1.9K0.60111.00N/AN/A176105336165
2015-02-12$46.34$50.0041.9%12.0%63.3%42.0%42.6%4.8%0.1%12.0K-41.3K-2.3K0.60106.92N/AN/A176105339165
2015-02-13$46.97$50.0042.0%12.0%60.9%42.2%45.1%9.6%-4.5%12.9K-84.7K-2.5K0.60102.88N/AN/A176105339165
2015-02-17$47.14$50.0040.4%11.6%57.0%39.8%42.9%14.9%4.2%12.3K-78.8K-2.2K0.60108.75N/AN/A176105338165
2015-02-18$45.13$50.0045.3%13.0%59.3%47.0%46.9%12.6%7.7%10.1K-21.3K-2.3K0.76104.57N/AN/A176133338165
2015-02-19$45.61$50.0040.5%11.6%59.3%39.9%0.0%3.4%-3.2%9.4K58.7K-1.8K0.00108.65N/AN/A010338192
2015-02-20$45.01$50.0034.0%9.7%59.3%30.5%0.0%3.0%1.8%97.6K55.6K-1.9K0.00113.32N/AN/A10338196
2015-02-23$43.79$50.0040.5%11.6%59.7%40.0%44.3%11.0%4.8%4.2K146.1K-1.9K0.85105.39N/AN/A156133324199
2015-02-24$42.52$50.0043.1%12.3%60.6%43.7%48.6%2.1%-1.2%5.3K128.8K-2.0K0.81100.62N/AN/A166134325199
2015-02-25$43.82$50.0053.7%15.4%61.5%59.1%56.2%5.9%-6.3%5.6K89.1K-2.0K0.81103.68N/AN/A166134327200
2015-02-26$43.34$50.0049.3%14.1%57.8%52.8%46.1%-2.0%-6.3%3.3K162.9K-1.9K0.75107.02N/AN/A179134327200
2015-02-27$44.41$50.0046.5%13.3%58.3%48.7%45.3%9.7%-10.9%5.9K100.9K-2.0K0.70110.62N/AN/A179126340200