VET Options History — February 2019

In February 2019, VET traded between $23.56 and $25.64. ATM implied volatility averaged 32.2%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 1.8% (HV 20d: 30.4%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 2.64.

Notable Days

2019-02-01: Highest Volume — 266 contracts
2019-02-06: Largest IV spike — 47.0% change
2019-02-20: Highest IV Rank — 35.3%
2019-02-20: Largest Expected Move — 12.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.67	$23.56	$25.64	$24.40	$25.63
Max Pain	$28.95	$25.00	$30.00	$30.00	$25.00
ATM IV	32.2%	21.8%	43.1%	32.5%	33.6%
Expected Move	9.6%	8.1%	12.4%	11.4%	9.6%
HV 20d	30.4%	24.3%	35.8%	35.8%	24.3%
HV 60d	42.2%	40.0%	44.1%	44.1%	40.0%
IV Rank	21.2%	7.9%	35.3%	21.6%	23.0%
IV Percentile	59.4%	9.1%	86.9%	64.3%	64.3%
Term Structure	-2.0%	-9.4%	5.7%	-9.4%	5.7%
VWIV	35.9%	26.7%	50.6%	39.9%	29.9%
Skew 25d	3.3%	-15.7%	26.6%	10.1%	8.4%
Skew 10d	7.0%	-25.0%	62.9%	20.4%	-6.7%
Call IV 25d	33.7%	19.3%	41.6%	35.5%	30.1%
Put IV 25d	37.0%	26.0%	64.3%	45.6%	38.4%
Bid-Ask Spread %	90.66	82.31	102.64	96.07	94.14
Gamma HHI	0.43	0.19	0.66	0.44	0.34
Net GEX	3.5K	-5.0K	14.0K	5.3K	2.4K
Net DEX	389.4K	-497.5K	918.5K	595.5K	-497.5K
Net VEX	-4.9K	-5.6K	-4.5K	-5.6K	-4.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.64	0.00	8.73	4.02	0.97
Total Volume	92.526	2	266	266	69
Total OI	2,087.368	1,768	2,200	2,076	1,768

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2019-02-01	$24.40	$30.00	32.5%	11.4%	35.8%	21.6%	39.9%	10.1%	-9.4%	5.3K	595.5K	-5.6K	4.02	96.07	N/A	N/A	53	213	1,055	1,021
2019-02-04	$24.55	$30.00	22.0%	9.1%	33.8%	8.1%	50.3%	1.5%	0.7%	12.3K	619.4K	-5.2K	0.00	93.46	N/A	N/A	0	17	1,057	1,021
2019-02-05	$24.40	$30.00	21.8%	9.0%	33.8%	7.9%	31.0%	-1.5%	0.6%	5.2K	619.6K	-5.1K	2.83	89.68	N/A	N/A	6	17	1,061	1,018
2019-02-06	$24.72	$30.00	32.0%	9.2%	31.7%	21.0%	32.0%	4.5%	-2.4%	14.0K	517.9K	-5.2K	0.00	90.19	N/A	N/A	2	0	1,063	1,018
2019-02-07	$23.79	$30.00	28.3%	8.1%	34.1%	16.2%	30.4%	7.4%	3.7%	4.3K	878.9K	-4.7K	0.33	91.04	N/A	N/A	12	4	1,063	1,018
2019-02-08	$23.56	$30.00	32.2%	9.2%	31.6%	21.2%	30.4%	15.6%	-1.0%	4.1K	918.5K	-4.6K	0.47	98.87	N/A	N/A	17	8	1,063	1,022
2019-02-11	$23.64	$30.00	37.3%	10.7%	31.5%	27.7%	0.0%	5.5%	-9.0%	2.7K	896.5K	-4.6K	2.00	92.63	N/A	N/A	2	4	1,068	1,025
2019-02-12	$23.88	$30.00	30.9%	8.9%	31.6%	19.6%	39.8%	3.7%	-0.5%	3.6K	802.7K	-4.5K	8.73	86.91	N/A	N/A	11	96	1,070	1,029
2019-02-13	$24.38	$30.00	32.2%	9.2%	32.2%	21.3%	39.1%	1.3%	-1.5%	10.1K	699.8K	-4.8K	8.73	82.31	N/A	N/A	11	96	1,078	1,121
2019-02-14	$24.34	$30.00	32.3%	9.3%	32.2%	21.3%	50.6%	5.0%	-2.5%	9.0K	676.8K	-4.8K	5.50	83.25	N/A	N/A	14	77	1,078	1,121
2019-02-15	$24.65	$30.00	30.0%	8.6%	31.6%	18.5%	30.0%	-2.9%	0.5%	-4.5K	642.9K	-4.7K	2.67	90.79	N/A	N/A	72	192	1,079	1,121
2019-02-19	$25.19	$30.00	34.5%	9.9%	32.2%	24.2%	34.6%	5.1%	-0.6%	1.0K	107.1K	-5.0K	1.56	88.14	N/A	N/A	39	61	1,078	988
2019-02-20	$25.56	$30.00	43.1%	12.4%	32.2%	35.3%	43.1%	7.8%	-5.9%	8	-74.0K	-5.4K	1.04	92.42	N/A	N/A	49	51	1,108	1,003
2019-02-21	$24.78	$30.00	33.3%	9.5%	26.7%	22.6%	34.8%	-6.0%	-1.8%	2.6K	250.9K	-5.0K	2.56	85.99	N/A	N/A	55	141	1,107	978
2019-02-22	$25.12	$30.00	32.3%	9.3%	26.8%	21.4%	26.7%	-15.7%	-1.9%	812	74.1K	-5.1K	3.41	92.98	N/A	N/A	46	157	1,109	978
2019-02-25	$25.23	$25.00	34.3%	9.8%	25.8%	24.0%	34.3%	-4.1%	-7.8%	-465	-24.0K	-4.9K	0.29	86.31	N/A	N/A	7	2	1,113	956
2019-02-26	$25.34	$25.00	35.6%	10.2%	25.8%	25.6%	35.6%	-9.4%	-4.5%	-314	-82.8K	-4.9K	0.56	84.70	N/A	N/A	57	32	1,120	954
2019-02-27	$25.64	$25.00	33.7%	9.7%	24.9%	23.2%	33.9%	26.6%	-1.1%	-5.0K	-223.4K	-4.7K	1.83	102.64	N/A	N/A	24	44	1,146	984
2019-02-28	$25.63	$25.00	33.6%	9.6%	24.3%	23.0%	29.9%	8.4%	5.7%	2.4K	-497.5K	-4.8K	0.97	94.14	N/A	N/A	35	34	1,024	744