VET Options History — September 2020

In September 2020, VET traded between $2.33 and $3.86. ATM implied volatility averaged 93.9%, placing in the 28.8% IV rank vs the trailing year. The 30-day expected move averaged 25.7%. IV traded above realized volatility by 29.1% (HV 20d: 64.8%). Max pain ranged from $2.50 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.79.

Notable Days

  • 2020-09-08: Highest Volume — 325 contracts
  • 2020-09-21: Largest IV spike — 93.2% change
  • 2020-09-24: Highest IV Rank — 40.9%
  • 2020-09-24: Largest Expected Move — 36.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.97$2.33$3.86$3.86$2.33
Max Pain$2.98$2.50$7.50$7.50$2.50
ATM IV93.9%57.4%126.5%65.7%93.8%
Expected Move25.7%16.4%36.3%18.8%26.9%
HV 20d64.8%43.9%81.9%44.5%81.9%
HV 60d69.7%63.3%75.8%75.8%71.7%
IV Rank28.8%15.3%40.9%18.3%28.8%
IV Percentile71.0%45.2%86.9%53.6%69.0%
Term Structure-2.1%-91.3%165.4%-5.4%-1.2%
VWIV98.1%58.2%149.1%149.1%94.0%
Skew 25d-8.5%-70.3%48.5%-70.3%23.5%
Skew 10d-4.3%-70.3%45.0%-70.3%35.7%
Call IV 25d93.7%59.4%149.1%149.1%68.9%
Put IV 25d85.2%48.3%125.3%78.8%92.4%
Bid-Ask Spread %68.3526.49120.5752.7326.49
Gamma HHI0.430.330.520.510.35
Net GEX1.4K3302.5K2.5K535
Net DEX290.3K-41.3K562.3K562.3K55.9K
Net VEX-947-1.4K-514-884-826
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.005.310.000.07
Total Volume133.286163252080
Total OI7,801.193,26011,0779,9123,862

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$3.86$7.5065.7%18.8%44.5%18.3%149.1%-70.3%-5.4%2.5K562.3K-8840.0052.73N/AN/A2007,7532,159
2020-09-02$3.68$7.50108.1%31.0%44.4%34.1%141.0%-65.8%-91.3%2.2K533.2K-9020.1354.54N/AN/A5677,7502,159
2020-09-03$3.58$2.50116.7%21.1%44.2%37.3%90.9%-48.6%28.8%2.2K520.3K-8570.0048.64N/AN/A1607,7922,137
2020-09-04$3.55$2.50100.2%20.6%43.9%31.2%63.8%-49.8%9.8%2.0K521.6K-7750.0967.50N/AN/A191177,8142,137
2020-09-08$3.14$2.5079.4%18.2%54.6%23.4%63.1%15.1%50.2%1.5K456.9K-8224.24120.57N/AN/A622637,9992,154
2020-09-09$3.19$2.50101.6%29.1%56.1%31.7%0.0%6.7%-71.7%549528.9K-5140.3675.73N/AN/A1458,0212,365
2020-09-10$2.96$2.5087.2%25.0%58.5%26.3%0.0%-31.2%-26.2%470477.3K-7671.25103.20N/AN/A44558,0262,365
2020-09-11$2.93$2.5099.0%28.4%58.7%30.7%141.6%8.6%-44.5%330445.6K-8070.0077.65N/AN/A18108,0502,293
2020-09-14$2.95$2.5091.1%26.1%57.2%27.8%95.1%35.2%-1.4%1.4K401.5K-9080.10100.36N/AN/A135138,2262,293
2020-09-15$2.93$2.50121.0%34.7%56.6%38.9%0.0%-29.1%-47.3%1.9K369.1K-1.1K0.0979.49N/AN/A4648,4612,302
2020-09-16$3.25$2.5088.6%25.4%72.2%26.9%93.1%-0.8%22.1%2.4K363.6K-1.4K0.38118.36N/AN/A65258,4932,304
2020-09-17$3.05$2.5062.9%18.0%74.1%17.3%58.2%-31.1%7.6%1.7K413.6K-1.0K0.2397.02N/AN/A238558,5012,312
2020-09-18$3.01$2.5057.4%16.4%74.1%15.3%78.6%36.1%165.4%2.3K333.4K-1.3K0.0674.81N/AN/A8458,7302,347
2020-09-21$2.76$2.50110.9%31.8%76.1%35.1%88.6%48.5%1.3%2.0K-41.3K-1.1K0.2851.25N/AN/A153432,557703
2020-09-22$2.76$2.5080.3%23.0%74.3%23.8%102.1%-43.7%-17.3%1.8K-23.9K-1.2K2.1367.18N/AN/A45962,709743
2020-09-23$2.59$2.5095.2%27.3%74.9%29.3%95.3%1.7%7.4%1.2K15.5K-1.0K5.3146.06N/AN/A351862,735803
2020-09-24$2.56$2.50126.5%36.3%75.1%40.9%125.1%-7.6%-32.1%1.0K36.2K-9030.1958.33N/AN/A2652,768859
2020-09-25$2.40$2.50100.6%28.8%76.4%31.3%100.6%-8.9%-2.7%89227.7K-9691.3539.41N/AN/A1171582,765860
2020-09-28$2.55$2.5087.4%25.0%80.9%26.4%87.4%3.2%10.6%62742.8K-9260.2032.39N/AN/A101202,800915
2020-09-29$2.40$2.5097.8%28.0%81.8%30.3%97.8%29.0%-6.8%51456.3K-8520.1343.69N/AN/A118152,870933
2020-09-30$2.33$2.5093.8%26.9%81.9%28.8%94.0%23.5%-1.2%53555.9K-8260.0726.49N/AN/A7552,930932