VET Options History — March 2023

In March 2023, VET traded between $12.18 and $14.09. ATM implied volatility averaged 62.8%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 22.3% (HV 20d: 40.5%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 0.39.

Notable Days

  • 2023-03-15: Highest Volume — 6,034 contracts
  • 2023-03-09: Largest IV drop — 33.1% change
  • 2023-03-08: Highest IV Rank — 80.1%
  • 2023-03-01: Largest Expected Move — 21.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.03$12.18$14.09$13.71$12.89
Max Pain$12.83$12.50$15.00$15.00$12.50
ATM IV62.8%47.6%92.9%73.6%47.6%
Expected Move16.3%13.7%21.1%21.1%13.7%
HV 20d40.5%35.7%43.7%43.7%40.5%
HV 60d48.7%38.5%51.0%50.0%38.7%
IV Rank30.3%5.1%80.1%48.1%5.1%
IV Percentile34.3%1.2%99.2%65.9%1.2%
Term Structure1.1%-14.9%8.4%-11.8%8.4%
VWIV55.4%47.7%71.9%70.0%47.8%
Skew 25d4.9%-9.3%18.5%6.3%-2.8%
Skew 10d5.9%-14.9%31.7%-13.3%-5.9%
Call IV 25d53.3%46.8%68.9%68.9%48.1%
Put IV 25d58.1%43.4%75.2%75.2%45.3%
Bid-Ask Spread %24.015.9354.426.698.42
Gamma HHI0.230.190.300.210.25
Net GEX297.7K8.6K407.0K355.2K358.5K
Net DEX-10.3M-16.5M-3.6M-12.0M-15.0M
Net VEX-248.7K-271.7K-229.0K-257.3K-250.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.041.470.171.12
Total Volume2,485.134206,0341,2542,348
Total OI100,117.26184,840115,562102,54790,061

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$13.71$15.0073.6%21.1%43.7%48.1%70.0%6.3%-11.8%355.2K-12.0M-257.3K0.176.69N/AN/A1,07218279,95422,593
2023-03-02$13.86$15.0068.5%19.6%43.6%39.6%71.9%12.9%-14.9%365.2K-13.1M-261.6K0.2934.17N/AN/A1,12233080,23222,654
2023-03-03$14.09$15.0067.8%19.4%41.5%38.6%68.7%18.5%-14.5%407.0K-16.5M-271.7K0.047.54N/AN/A2,4828980,83622,798
2023-03-06$13.86$12.5074.7%15.5%41.9%50.0%57.6%7.6%-0.0%391.7K-14.4M-262.0K0.0729.62N/AN/A1,2798481,92722,839
2023-03-07$13.79$12.5081.2%16.0%41.2%60.9%55.4%4.9%-1.0%400.3K-14.3M-262.0K0.7433.67N/AN/A1,25993082,90522,917
2023-03-08$13.41$12.5092.9%17.4%38.3%80.1%57.6%7.3%-1.7%354.5K-10.9M-254.6K0.5651.31N/AN/A1,9871,11783,72123,575
2023-03-09$13.39$12.5062.2%14.7%38.3%29.2%47.7%0.1%4.3%273.2K-8.8M-238.3K0.2422.07N/AN/A3,84593184,83224,291
2023-03-10$13.52$12.5058.6%14.9%37.9%23.2%49.8%-0.4%3.8%293.6K-10.9M-252.6K0.2934.18N/AN/A1,22835786,77824,338
2023-03-13$13.16$12.5073.8%15.9%35.7%48.6%52.9%-2.1%2.3%205.8K-7.7M-241.8K0.1154.42N/AN/A2,03422687,13624,241
2023-03-14$13.39$12.5080.4%16.0%36.4%59.5%54.5%1.2%1.7%340.5K-9.7M-243.5K0.3144.25N/AN/A1,74254287,96424,203
2023-03-15$12.43$12.5058.0%16.6%43.7%22.3%56.4%10.6%2.6%121.6K-5.6M-229.0K1.3637.17N/AN/A2,5573,47788,54322,719
2023-03-16$12.45$12.5057.0%16.3%43.4%20.7%57.2%12.2%-0.6%8.6K-6.6M-239.8K1.4735.10N/AN/A1,4322,11090,26123,897
2023-03-17$12.18$12.5061.2%17.6%43.6%27.6%60.8%8.1%4.1%280.7K-3.6M-233.6K0.1310.74N/AN/A3,33745090,78724,775
2023-03-20$12.46$12.5057.2%16.4%41.2%21.0%55.2%11.9%5.7%266.1K-7.6M-229.4K0.149.93N/AN/A1,24617964,33920,501
2023-03-21$12.84$12.5055.6%15.9%42.7%18.3%49.2%12.9%4.8%291.8K-10.0M-237.8K0.2729.57N/AN/A4,0501,08464,67420,646
2023-03-22$12.80$12.5054.1%15.5%42.3%15.8%53.6%-4.0%4.2%323.5K-11.7M-263.5K0.3425.75N/AN/A55018867,11721,668
2023-03-23$12.50$12.5057.1%16.4%37.9%20.8%55.7%8.2%2.6%282.4K-8.3M-241.5K0.1222.92N/AN/A7799467,37521,731
2023-03-24$12.36$12.5056.6%16.2%37.9%20.0%52.3%8.5%1.1%292.9K-8.5M-249.8K0.1729.15N/AN/A60110267,61621,796
2023-03-27$12.77$12.5053.7%15.4%40.2%15.1%50.5%10.1%5.7%321.2K-10.6M-256.4K0.186.92N/AN/A4,04773467,85621,845
2023-03-28$12.73$12.5054.1%15.5%39.9%15.8%52.2%-4.5%3.0%319.9K-11.3M-257.5K0.356.39N/AN/A31011068,74121,803
2023-03-29$12.41$12.5049.1%14.1%39.8%7.5%48.2%-9.3%8.3%272.8K-8.0M-239.0K0.366.31N/AN/A2,02271868,94321,882
2023-03-30$12.66$12.5049.5%14.2%40.4%8.1%49.6%-6.5%7.9%320.9K-10.7M-247.7K0.135.93N/AN/A1,58620970,06822,319
2023-03-31$12.89$12.5047.6%13.7%40.5%5.1%47.8%-2.8%8.4%358.5K-15.0M-250.0K1.128.42N/AN/A1,1051,24370,11419,947