VET Options History — November 2023

In November 2023, VET traded between $12.54 and $14.48. ATM implied volatility averaged 39.1%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 6.2% (HV 20d: 32.9%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2023-11-07: Highest Volume — 3,965 contracts
  • 2023-11-07: Largest IV spike — 23.9% change
  • 2023-11-01: Highest IV Rank — 34.8%
  • 2023-11-01: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.16$12.54$14.48$14.48$12.59
Max Pain$12.62$12.50$15.00$15.00$12.50
ATM IV39.1%34.9%48.3%48.3%37.8%
Expected Move11.2%10.3%13.8%13.8%10.8%
HV 20d32.9%26.6%35.5%33.0%32.5%
HV 60d37.7%35.9%38.8%37.7%37.5%
IV Rank21.3%15.1%34.8%34.8%19.4%
IV Percentile15.2%4.8%44.0%44.0%11.5%
Term Structure0.3%-5.0%3.0%-5.0%-2.0%
VWIV39.4%35.7%48.3%48.3%38.0%
Skew 25d2.8%-5.6%11.3%11.3%5.3%
Skew 10d2.9%-8.6%19.6%19.6%7.8%
Call IV 25d36.2%25.0%42.7%42.2%32.7%
Put IV 25d38.9%35.4%53.5%53.5%38.0%
Bid-Ask Spread %28.255.6774.7445.1713.15
Gamma HHI0.310.280.360.320.28
Net GEX602.0K453.3K940.7K885.5K454.0K
Net DEX-20.4M-32.9M-15.0M-32.9M-15.1M
Net VEX-173.0K-214.6K-150.9K-214.1K-150.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.013.620.060.13
Total Volume1,624.9052743,9651,151715
Total OI96,435.23891,657101,08991,65797,204

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$14.48$15.0048.3%13.8%33.0%34.8%48.3%11.3%-5.0%885.5K-32.9M-214.1K0.0645.17N/AN/A1,0916077,92613,731
2023-11-02$14.46$12.5040.5%11.4%33.0%23.3%40.2%4.6%0.5%940.7K-32.0M-214.6K0.0657.12N/AN/A3,04317378,35613,777
2023-11-03$14.14$12.5043.5%11.6%33.4%27.8%40.6%3.1%0.9%867.3K-28.7M-202.6K0.0530.38N/AN/A2,57514079,31713,890
2023-11-06$13.95$12.5034.9%11.6%26.6%15.1%41.6%-0.2%-1.6%855.6K-26.1M-195.4K0.2265.28N/AN/A59913181,03113,964
2023-11-07$13.14$12.5043.2%11.7%33.2%27.3%40.9%-2.9%0.6%583.7K-17.9M-175.3K0.105.67N/AN/A3,59037581,08914,015
2023-11-08$12.79$12.5040.1%11.5%33.9%22.8%41.8%-5.5%0.9%496.2K-15.0M-170.0K0.089.16N/AN/A2,44118481,74114,091
2023-11-09$12.77$12.5040.7%11.7%33.9%23.6%43.2%-5.6%0.1%502.2K-15.5M-168.6K0.0152.50N/AN/A3,5454583,44113,891
2023-11-10$13.09$12.5039.1%11.2%33.2%21.4%39.2%-2.0%2.1%561.9K-18.0M-168.4K0.0244.51N/AN/A3,5605882,16313,924
2023-11-13$13.18$12.5039.6%11.3%33.0%22.0%39.5%-1.0%0.5%593.9K-21.5M-177.3K0.7710.83N/AN/A15511985,21913,952
2023-11-14$13.36$12.5038.9%11.1%32.8%20.9%38.5%0.9%3.0%636.7K-23.2M-177.6K0.8855.09N/AN/A39534785,31813,963
2023-11-15$13.07$12.5038.6%11.1%33.2%20.5%39.5%-3.3%0.2%573.6K-20.5M-169.6K0.1710.96N/AN/A75712585,24713,793
2023-11-16$12.73$12.5039.6%11.3%32.2%22.0%39.5%9.6%0.6%465.3K-17.0M-160.6K0.1374.74N/AN/A3,40842785,42113,758
2023-11-17$13.16$12.5038.7%11.1%35.5%20.7%38.5%0.0%0.3%620.2K-22.0M-174.4K0.087.76N/AN/A1,1839587,23313,856
2023-11-20$13.04$12.5038.4%11.0%34.0%20.3%39.3%-3.2%-0.2%598.9K-20.7M-168.3K1.018.05N/AN/A52753482,40812,839
2023-11-21$12.91$12.5036.5%10.5%33.7%17.5%36.5%10.7%1.5%549.2K-19.1M-165.1K0.968.33N/AN/A25224182,79513,274
2023-11-22$12.88$12.5036.6%10.5%32.8%17.6%35.7%8.8%0.8%538.7K-18.5M-160.6K0.529.36N/AN/A39120582,84413,305
2023-11-24$12.89$12.5035.9%10.3%32.8%16.6%35.9%10.9%2.4%534.1K-18.7M-164.4K3.6212.22N/AN/A8530883,01813,426
2023-11-27$12.59$12.5036.8%10.5%33.3%17.9%36.8%5.2%0.1%463.8K-15.1M-151.3K3.0023.35N/AN/A25275683,06013,591
2023-11-28$12.54$12.5036.7%10.5%32.9%17.9%36.8%4.9%0.5%453.3K-15.0M-151.7K0.4236.92N/AN/A1978283,08113,509
2023-11-29$12.63$12.5037.1%10.7%33.1%18.5%37.2%6.2%0.8%468.1K-15.9M-151.8K0.0912.67N/AN/A8827583,13313,546
2023-11-30$12.59$12.5037.8%10.8%32.5%19.4%38.0%5.3%-2.0%454.0K-15.1M-150.9K0.1313.15N/AN/A6328383,59713,607