VET Options History — January 2023

In January 2023, VET traded between $14.73 and $15.98. ATM implied volatility averaged 52.8%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded below realized volatility by 13.5% (HV 20d: 66.3%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.59.

Notable Days

  • 2023-01-18: Highest Volume — 9,391 contracts
  • 2023-01-06: Largest IV drop — 12.6% change
  • 2023-01-03: Highest IV Rank — 24.1%
  • 2023-01-03: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.32$14.73$15.98$15.21$15.29
Max Pain$16.13$15.00$17.50$17.50$17.50
ATM IV52.8%44.6%62.9%62.9%49.0%
Expected Move15.3%12.8%18.0%18.0%14.1%
HV 20d66.3%61.9%68.4%68.3%62.3%
HV 60d58.3%56.9%60.8%60.8%57.0%
IV Rank7.9%0.0%24.1%24.1%7.4%
IV Percentile5.3%0.0%25.0%25.0%2.0%
Term Structure5.3%0.1%9.8%1.2%4.6%
VWIV52.4%43.1%62.4%62.4%48.3%
Skew 25d4.3%-7.8%9.9%7.6%-6.9%
Skew 10d5.7%-13.2%26.2%21.4%-13.2%
Call IV 25d51.7%43.3%62.1%62.1%47.8%
Put IV 25d56.0%40.9%69.7%69.7%40.9%
Bid-Ask Spread %16.445.9232.7026.116.54
Gamma HHI0.200.130.280.150.27
Net GEX359.6K220.5K575.6K326.9K379.0K
Net DEX-18.1M-27.9M-11.0M-13.0M-20.6M
Net VEX-266.2K-296.1K-230.2K-230.2K-285.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.053.131.290.84
Total Volume3,586.51,3249,3917,1431,535
Total OI95,666.984,859110,85084,85995,144

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$15.21$17.5062.9%18.0%68.3%24.1%62.4%7.6%1.2%326.9K-13.0M-230.2K1.2926.11N/AN/A3,1134,03069,47415,385
2023-01-04$15.00$17.5061.8%17.7%66.8%22.2%61.4%7.6%0.1%303.1K-12.8M-235.8K0.4032.70N/AN/A2,38995371,38216,281
2023-01-05$14.98$17.5059.8%17.7%66.6%18.5%61.5%8.1%3.6%288.2K-13.8M-233.6K3.1318.45N/AN/A1,1913,72372,55516,245
2023-01-06$15.00$15.0052.2%16.8%66.2%4.8%57.8%4.0%3.7%234.2K-12.2M-236.9K0.3128.50N/AN/A2,04362773,36818,475
2023-01-09$15.13$15.0054.4%16.8%66.5%8.8%58.4%5.4%3.8%239.0K-12.3M-234.3K0.3325.51N/AN/A2,24674673,84218,649
2023-01-10$14.73$15.0056.2%16.6%66.8%12.0%57.5%5.1%4.3%220.5K-11.0M-234.3K0.3026.28N/AN/A2,18664775,22819,036
2023-01-11$15.27$15.0057.4%16.5%68.1%14.2%56.2%7.8%4.5%268.8K-16.0M-246.5K0.0517.08N/AN/A4,02621976,55918,686
2023-01-12$15.52$15.0056.2%16.1%67.9%12.0%53.8%6.0%5.9%349.9K-18.5M-254.5K0.8014.70N/AN/A3,3942,72078,05818,773
2023-01-13$15.61$15.0053.1%15.2%67.4%6.4%51.1%7.3%6.2%354.2K-19.3M-280.9K0.4929.69N/AN/A1,47472580,85021,419
2023-01-17$15.48$15.0054.3%15.6%67.4%8.6%52.3%9.9%4.4%320.0K-18.2M-277.4K0.7713.10N/AN/A1,6191,24982,06922,003
2023-01-18$15.09$17.5050.0%14.3%67.3%0.8%51.8%3.0%7.8%251.7K-14.1M-266.9K0.1313.29N/AN/A8,3131,07883,43022,537
2023-01-19$15.59$17.5051.1%14.6%68.4%2.7%50.3%4.3%7.3%433.9K-21.8M-290.5K0.6613.62N/AN/A79952587,67423,009
2023-01-20$15.73$17.5050.9%14.6%67.6%2.5%47.6%5.9%6.3%497.8K-23.6M-296.0K0.305.92N/AN/A2,84085187,77223,078
2023-01-23$15.98$17.5048.7%13.9%67.0%0.0%43.5%4.4%7.5%575.6K-27.9M-294.7K0.609.88N/AN/A1,55994169,95417,959
2023-01-24$15.41$17.5048.4%13.9%67.2%0.0%48.5%4.1%5.6%458.9K-21.6M-279.5K0.4710.14N/AN/A2,6991,27770,84618,704
2023-01-25$15.21$15.0048.5%13.9%65.0%0.2%48.4%4.2%6.7%405.4K-19.0M-277.5K0.508.24N/AN/A1,69884572,65519,682
2023-01-26$15.57$15.0044.6%12.8%65.4%0.0%43.1%-1.9%9.8%466.5K-23.5M-292.7K0.079.75N/AN/A3,34723373,93520,017
2023-01-27$15.48$15.0047.2%13.5%62.8%4.4%46.7%7.7%7.4%458.7K-23.0M-296.1K0.3411.00N/AN/A1,18440574,02120,352
2023-01-30$15.11$15.0049.5%14.2%61.9%8.2%46.9%-7.8%4.9%358.9K-19.0M-280.7K0.118.22N/AN/A2,05722473,74120,491
2023-01-31$15.29$17.5049.0%14.1%62.3%7.4%48.3%-6.9%4.6%379.0K-20.6M-285.0K0.846.54N/AN/A83570074,57720,567