VET Options History — January 2021

In January 2021, VET traded between $4.38 and $5.86. ATM implied volatility averaged 84.0%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 22.8%. IV traded above realized volatility by 16.4% (HV 20d: 67.6%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.17.

Notable Days

2021-01-19: Highest Volume — 3,215 contracts
2021-01-13: Largest IV drop — 55.8% change
2021-01-12: Highest IV Rank — 45.8%
2021-01-27: Largest Expected Move — 29.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.12	$4.38	$5.86	$4.44	$4.38
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	84.0%	57.9%	142.5%	72.2%	97.1%
Expected Move	22.8%	18.1%	29.9%	21.2%	27.8%
HV 20d	67.6%	61.8%	74.4%	63.6%	73.6%
HV 60d	87.5%	86.1%	88.6%	87.2%	86.7%
IV Rank	23.6%	13.8%	45.8%	19.2%	28.4%
IV Percentile	45.5%	17.5%	89.3%	29.0%	65.9%
Term Structure	6.1%	-13.6%	22.4%	11.3%	3.3%
VWIV	81.2%	66.8%	107.8%	73.9%	97.1%
Bid-Ask Spread %	34.68	8.71	55.88	21.53	49.78
Gamma HHI	0.49	0.36	0.56	0.49	0.36
Net GEX	18.6K	11.4K	25.3K	11.4K	15.8K
Net DEX	-1.3M	-2.1M	-536.2K	-536.2K	-1.2M
Net VEX	-5.5K	-7.8K	-3.4K	-3.4K	-7.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.17	0.01	1.50	0.01	0.09
Total Volume	894.789	88	3,215	88	1,058
Total OI	8,388.895	6,211	11,936	6,633	11,936

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
2021-01-04	$4.44	$5.00	72.2%	21.2%	63.6%	19.2%	73.9%	0.0%	11.3%	11.4K	-536.2K	-3.4K	0.01	21.53	N/A	N/A	87	1	5,490	1,143
2021-01-05	$4.89	$5.00	78.8%	24.2%	65.6%	21.7%	83.9%	0.0%	-13.6%	15.4K	-771.8K	-3.7K	0.07	55.88	N/A	N/A	465	33	5,546	1,142
2021-01-06	$5.08	$5.00	67.6%	20.6%	66.8%	17.5%	72.9%	0.0%	10.6%	19.3K	-949.7K	-4.3K	0.02	24.43	N/A	N/A	515	10	5,858	1,139
2021-01-07	$5.30	$5.00	57.9%	19.8%	68.0%	13.8%	75.3%	0.0%	9.2%	19.2K	-1.1M	-4.3K	0.03	44.53	N/A	N/A	462	16	5,782	1,134
2021-01-08	$5.30	$5.00	82.8%	20.4%	68.0%	23.2%	70.6%	0.0%	8.6%	21.0K	-1.1M	-4.4K	0.07	47.23	N/A	N/A	333	24	5,847	1,125
2021-01-11	$5.18	$5.00	99.7%	21.0%	61.8%	29.6%	72.2%	0.0%	11.3%	21.1K	-991.7K	-4.4K	0.14	14.30	N/A	N/A	160	22	5,947	1,134
2021-01-12	$5.38	$5.00	142.5%	20.8%	63.0%	45.8%	72.8%	0.0%	12.1%	21.9K	-1.2M	-4.7K	1.50	20.69	N/A	N/A	116	174	5,931	1,147
2021-01-13	$5.19	$5.00	63.0%	18.1%	63.8%	15.7%	66.8%	0.0%	22.4%	23.0K	-1.0M	-4.4K	0.40	31.24	N/A	N/A	356	143	5,931	1,217
2021-01-14	$5.46	$5.00	74.1%	21.3%	66.0%	19.9%	73.0%	0.0%	7.2%	13.3K	-1.3M	-4.9K	0.02	49.01	N/A	N/A	910	18	6,124	1,341
2021-01-15	$5.28	$5.00	70.0%	20.1%	66.9%	18.3%	70.1%	0.0%	11.6%	12.4K	-1.3M	-4.7K	0.09	46.55	N/A	N/A	442	38	6,306	1,338
2021-01-19	$5.55	$5.00	79.1%	22.7%	68.8%	21.8%	86.5%	0.0%	7.9%	13.7K	-1.4M	-5.1K	0.06	45.55	N/A	N/A	3,031	184	4,938	1,273
2021-01-20	$5.86	$5.00	74.6%	21.4%	70.6%	20.1%	81.2%	0.0%	7.5%	22.9K	-2.1M	-6.3K	0.05	23.40	N/A	N/A	1,807	94	6,802	1,428
2021-01-21	$5.68	$5.00	80.5%	23.1%	63.8%	22.3%	82.2%	0.0%	4.5%	25.3K	-2.1M	-7.1K	0.11	31.69	N/A	N/A	962	106	7,653	1,512
2021-01-22	$5.35	$5.00	76.6%	22.0%	65.6%	20.9%	82.7%	0.0%	8.6%	23.1K	-1.8M	-7.1K	0.02	10.40	N/A	N/A	1,097	24	8,160	1,612
2021-01-25	$5.10	$5.00	87.7%	25.1%	67.2%	25.1%	87.6%	0.0%	-2.7%	21.2K	-1.6M	-7.0K	0.09	45.54	N/A	N/A	679	60	8,467	1,669
2021-01-26	$4.69	$5.00	88.5%	25.4%	74.4%	25.1%	85.3%	0.0%	-0.1%	17.6K	-1.3M	-6.7K	0.06	8.71	N/A	N/A	1,268	73	8,884	1,722
2021-01-27	$4.60	$5.00	104.2%	29.9%	73.3%	31.1%	107.8%	0.0%	-3.6%	17.9K	-1.3M	-7.3K	0.22	43.51	N/A	N/A	1,411	314	9,121	1,791
2021-01-28	$4.55	$5.00	99.7%	28.6%	73.4%	29.4%	99.8%	0.0%	-0.8%	17.5K	-1.3M	-7.8K	0.13	45.04	N/A	N/A	450	58	9,739	2,060
2021-01-29	$4.38	$5.00	97.1%	27.8%	73.6%	28.4%	97.1%	0.0%	3.3%	15.8K	-1.2M	-7.4K	0.09	49.78	N/A	N/A	971	87	9,854	2,082