VET Options History — April 2023

In April 2023, VET traded between $12.04 and $13.80. ATM implied volatility averaged 50.9%, placing in the 10.5% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded above realized volatility by 10.9% (HV 20d: 40.0%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.20.

Notable Days

  • 2023-04-03: Highest Volume — 3,030 contracts
  • 2023-04-18: Largest IV drop — 13.5% change
  • 2023-04-17: Highest IV Rank — 17.8%
  • 2023-04-06: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.15$12.04$13.80$13.59$12.68
Max Pain$14.21$12.50$15.00$12.50$15.00
ATM IV50.9%47.2%55.3%48.8%52.3%
Expected Move15.0%13.7%16.7%14.0%15.0%
HV 20d40.0%33.7%45.0%45.0%44.5%
HV 60d40.0%39.0%42.2%40.3%42.2%
IV Rank10.5%4.4%17.8%7.1%12.9%
IV Percentile9.2%1.2%18.7%3.2%13.9%
Term Structure0.1%-3.4%10.6%8.5%-3.2%
VWIV49.9%40.8%55.9%47.4%49.8%
Skew 25d6.5%-5.2%24.7%2.3%24.7%
Skew 10d16.0%-9.8%39.8%8.0%39.8%
Call IV 25d46.8%36.5%56.7%45.9%36.5%
Put IV 25d53.3%42.7%63.2%48.2%61.2%
Bid-Ask Spread %20.507.2045.9323.9020.86
Gamma HHI0.260.210.300.290.21
Net GEX357.4K221.8K461.1K452.0K276.0K
Net DEX-16.2M-21.2M-6.7M-21.2M-12.3M
Net VEX-247.2K-274.1K-208.5K-273.6K-228.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.200.118.830.730.60
Total Volume1,272.9475213,0303,0301,184
Total OI91,811.73788,88096,34889,99389,723

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$13.59$12.5048.8%14.0%45.0%7.1%47.4%2.3%8.5%452.0K-21.2M-273.6K0.7323.90N/AN/A1,7551,27570,17619,817
2023-04-04$13.57$12.5050.3%14.4%45.0%9.6%49.2%4.4%10.6%461.1K-20.4M-264.9K0.6113.71N/AN/A76046271,00619,584
2023-04-05$13.41$12.5050.6%14.5%44.1%10.0%50.6%2.8%7.0%450.8K-20.2M-274.1K0.1115.57N/AN/A5035371,04619,805
2023-04-06$13.14$12.5047.2%16.7%44.7%4.4%53.9%11.0%-2.3%386.6K-16.8M-253.8K0.3635.39N/AN/A45216271,18219,826
2023-04-10$13.11$12.5048.5%16.5%44.5%6.5%55.9%9.9%-3.4%388.8K-17.6M-258.0K0.9523.82N/AN/A48045671,22619,949
2023-04-11$13.32$12.5048.2%15.8%43.8%6.0%51.9%9.2%0.3%384.6K-17.7M-251.4K8.8345.93N/AN/A2091,84571,47820,182
2023-04-12$13.21$15.0054.6%15.7%43.5%16.7%52.3%8.6%2.0%351.2K-16.0M-247.1K0.2213.82N/AN/A56912371,59020,934
2023-04-13$13.59$15.0055.1%15.8%34.8%17.4%50.0%10.9%-2.7%387.7K-20.8M-269.2K0.2525.42N/AN/A69317571,75521,000
2023-04-14$13.43$15.0053.3%15.3%35.3%14.4%48.4%7.8%-1.5%353.8K-18.1M-251.8K0.907.20N/AN/A27424772,10521,104
2023-04-17$13.57$15.0055.3%15.8%34.0%17.8%53.4%10.3%-2.5%375.1K-19.3M-251.7K1.2010.70N/AN/A32138572,23920,916
2023-04-18$13.80$15.0047.8%13.7%33.7%5.4%48.7%8.7%-2.1%409.8K-21.0M-254.4K0.389.07N/AN/A86333172,39621,067
2023-04-19$13.43$15.0049.9%14.3%34.2%8.8%44.3%5.0%-2.4%386.2K-19.4M-254.4K0.7510.36N/AN/A1,4941,12272,66521,063
2023-04-20$12.93$15.0048.7%14.0%37.0%6.9%48.2%-2.9%1.0%321.4K-14.4M-239.8K0.4522.54N/AN/A1,08849373,91221,943
2023-04-21$12.89$15.0047.8%13.7%35.9%5.4%48.1%-5.2%0.8%297.8K-12.7M-226.7K0.3122.06N/AN/A85026274,14822,200
2023-04-24$13.25$15.0049.5%14.2%36.7%8.1%47.1%8.3%-0.9%357.0K-15.0M-246.4K0.3422.75N/AN/A50017269,25719,623
2023-04-25$12.75$15.0054.2%15.5%37.9%15.9%53.6%-1.5%-2.3%299.9K-11.4M-229.3K1.4222.41N/AN/A31644869,45219,645
2023-04-26$12.04$15.0053.2%15.3%43.0%14.4%54.4%6.5%-2.4%229.0K-6.7M-208.5K1.7722.56N/AN/A8971,58569,60919,963
2023-04-27$12.16$15.0051.7%14.8%42.4%11.9%40.8%2.6%-3.3%221.8K-6.8M-213.6K2.6621.39N/AN/A3781,00470,07720,760
2023-04-28$12.68$15.0052.3%15.0%44.5%12.9%49.8%24.7%-3.2%276.0K-12.3M-228.5K0.6020.86N/AN/A73844670,21019,513