VET Options History — March 2020

In March 2020, VET traded between $1.72 and $10.59. ATM implied volatility averaged 156.1%, placing in the 70.7% IV rank vs the trailing year. The 30-day expected move averaged 43.2%. IV traded below realized volatility by 31.1% (HV 20d: 187.2%). Max pain ranged from $5.00 to $15.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.27.

Notable Days

  • 2020-03-06: Highest Volume — 1,234 contracts
  • 2020-03-16: Largest IV spike — 387.2% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-16: Largest Expected Move — 81.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.38$1.72$10.59$10.59$3.03
Max Pain$8.64$5.00$15.00$15.00$5.00
ATM IV156.1%58.6%285.5%79.0%131.4%
Expected Move43.2%15.8%81.9%22.7%37.7%
HV 20d187.2%68.4%264.3%68.5%264.3%
HV 60d121.0%49.0%160.6%49.5%160.6%
IV Rank70.7%22.5%100.0%72.6%42.8%
IV Percentile98.2%93.7%100.0%99.6%94.4%
Term Structure-22.8%-204.6%177.1%-24.6%14.7%
VWIV135.4%56.1%250.4%72.8%149.5%
Skew 25d20.9%-52.6%108.3%28.3%3.5%
Skew 10d19.7%-88.3%127.2%54.7%3.5%
Call IV 25d119.6%34.8%220.6%62.5%129.7%
Put IV 25d140.6%67.0%257.1%90.8%133.2%
Bid-Ask Spread %97.0659.94132.0091.7485.70
Gamma HHI0.240.180.360.330.20
Net GEX2.1K-6.1K14.9K14.9K1.8K
Net DEX1.7M586.0K4.1M3.0M939.2K
Net VEX-6.0K-18.7K-566-18.7K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.066.141.450.27
Total Volume492.318451,234812258
Total OI20,953.09114,12224,50222,85414,805

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$10.59$15.0079.0%22.7%68.5%72.6%72.8%28.3%-24.6%14.9K3.0M-18.7K1.4591.74N/AN/A33248017,2455,609
2020-03-03$10.23$15.0085.9%24.6%68.6%80.6%75.3%24.7%-11.1%9.3K3.3M-16.5K2.8585.72N/AN/A25271717,3385,769
2020-03-04$10.18$15.0072.3%20.7%68.4%64.8%72.5%9.9%-10.6%-1.3K3.7M-18.0K1.1772.44N/AN/A546317,4176,419
2020-03-05$9.45$12.5097.6%16.4%68.4%94.1%57.4%12.7%-10.7%-6.1K4.1M-13.5K2.65132.00N/AN/A24063617,4416,462
2020-03-06$7.66$12.50100.9%15.8%94.8%98.0%69.1%13.6%177.1%7.9K3.1M-14.8K0.69108.41N/AN/A73050417,4696,561
2020-03-09$4.63$12.50184.0%56.2%192.1%100.0%193.7%36.0%-32.8%1.0K2.6M-3.0K1.37111.90N/AN/A38953317,6266,498
2020-03-10$4.26$12.50181.9%40.1%191.7%98.7%138.4%60.6%-48.3%2.5K2.0M-5.9K0.6395.34N/AN/A47129817,7846,131
2020-03-11$3.62$10.00114.7%32.9%193.0%58.7%172.0%-14.3%-71.4%1.5K1.6M-4.3K0.94107.89N/AN/A28727118,0535,912
2020-03-12$3.15$7.50204.3%58.6%191.9%100.0%0.0%51.0%-52.1%1.3K1.5M-2.3K0.98119.14N/AN/A23022618,2215,876
2020-03-13$3.15$7.5058.6%16.8%192.6%22.5%0.0%54.4%-0.7%1.2K1.5M-2.1K6.14125.63N/AN/A7747318,3365,972
2020-03-16$2.75$7.50285.5%81.9%192.0%100.0%0.0%17.0%-88.1%-1531.6M-7321.67108.51N/AN/A8814718,3276,130
2020-03-17$2.31$7.50159.7%45.8%191.9%53.3%175.5%-20.2%-45.0%-791.4M-5661.18104.99N/AN/A9110718,3256,129
2020-03-18$1.72$7.50175.2%50.2%200.5%59.0%66.4%-52.6%169.8%274968.4K-7532.63109.53N/AN/A16944518,3506,152
2020-03-19$1.97$7.50237.7%68.1%214.6%82.2%250.4%39.3%-204.6%651942.3K-2.0K0.8787.60N/AN/A27323818,4815,883
2020-03-20$2.20$5.00202.1%57.9%225.6%69.0%215.4%-29.8%-180.4%2.0K610.1K-4.7K0.2059.94N/AN/A1222518,4935,803
2020-03-23$2.06$5.00156.6%44.9%225.6%52.1%56.1%108.3%45.9%1.4K586.0K-3.0K0.26104.47N/AN/A140369,6034,523
2020-03-24$2.28$5.00173.3%49.7%235.8%58.3%173.6%31.8%-143.3%1.2K732.5K-2.6K0.0677.61N/AN/A270159,6294,493
2020-03-25$2.83$5.00247.2%70.9%259.0%85.8%227.7%65.2%-82.5%2.4K689.3K-4.5K0.1192.44N/AN/A245289,7064,498
2020-03-26$2.92$5.00175.5%50.3%260.8%59.1%0.0%-4.3%2.5%1.4K908.8K-3.2K0.6585.79N/AN/A3592329,8074,500
2020-03-27$2.70$5.00139.9%40.1%260.7%45.9%149.5%31.4%46.9%2.3K678.9K-4.3K1.1486.79N/AN/A212410,0364,542
2020-03-30$2.75$5.00171.4%49.1%257.9%57.6%0.0%-6.1%48.1%1.0K922.9K-2.4K0.0681.73N/AN/A2221310,0484,566
2020-03-31$3.03$5.00131.4%37.7%264.3%42.8%0.0%3.5%14.7%1.8K939.2K-3.3K0.2785.70N/AN/A2035510,2334,572