VNET Options History — February 2014

In February 2014, VNET traded between $21.11 and $26.94. ATM implied volatility averaged 54.0%, placing in the 66.8% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded below realized volatility by 7.1% (HV 20d: 61.0%). Max pain ranged from $15.00 to $22.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.92.

Notable Days

2014-02-21: Highest Volume — 4,117 contracts
2014-02-11: Largest IV drop — 17.5% change
2014-02-27: Highest IV Rank — 78.0%
2014-02-27: Largest Expected Move — 16.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.98	$21.11	$26.94	$21.85	$25.99
Max Pain	$16.97	$15.00	$22.50	$22.50	$17.50
ATM IV	54.0%	45.3%	59.0%	52.4%	56.5%
Expected Move	15.8%	14.5%	16.9%	15.0%	16.2%
HV 20d	61.0%	45.3%	67.0%	63.9%	45.3%
HV 60d	56.6%	53.6%	58.1%	57.7%	53.6%
IV Rank	66.8%	47.5%	78.0%	63.3%	72.4%
IV Percentile	85.1%	46.0%	98.0%	81.7%	94.0%
Term Structure	-1.2%	-5.6%	5.5%	3.6%	-1.4%
VWIV	55.0%	43.6%	60.8%	54.1%	55.3%
Skew 25d	4.0%	-3.6%	9.8%	5.6%	-3.4%
Skew 10d	12.7%	-13.2%	19.5%	17.9%	1.1%
Call IV 25d	55.1%	42.3%	61.3%	53.0%	61.3%
Put IV 25d	59.1%	48.1%	63.8%	58.5%	57.9%
Bid-Ask Spread %	77.55	67.89	85.65	67.89	81.55
Gamma HHI	0.32	0.25	0.41	0.27	0.41
Net GEX	253.2K	152.9K	349.1K	264.6K	152.9K
Net DEX	-14.5M	-23.1M	-8.0M	-10.1M	-16.0M
Net VEX	-54.6K	-66.6K	-42.0K	-52.0K	-42.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.92	0.00	5.35	5.22	0.05
Total Volume	561.579	0	4,117	56	175
Total OI	15,047.579	13,290	17,185	14,146	13,290

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
2014-02-03	$21.85	$22.50	52.4%	15.0%	63.9%	63.3%	54.1%	5.6%	3.6%	264.6K	-10.1M	-52.0K	5.22	67.89	N/A	N/A	9	47	11,262	2,884
2014-02-04	$21.58	$20.00	52.0%	14.9%	64.0%	62.6%	52.1%	2.4%	4.5%	255.5K	-9.6M	-51.4K	0.00	71.94	N/A	N/A	53	0	11,260	2,882
2014-02-05	$21.81	$20.00	50.6%	14.5%	60.9%	59.3%	51.3%	8.4%	5.5%	269.5K	-9.5M	-50.8K	0.00	76.67	N/A	N/A	21	0	11,310	2,882
2014-02-06	$21.61	$20.00	53.1%	15.2%	60.7%	64.9%	55.6%	2.2%	3.3%	263.8K	-9.4M	-51.3K	0.01	75.08	N/A	N/A	106	1	11,325	2,882
2014-02-07	$21.63	$15.00	50.4%	16.0%	60.7%	58.9%	55.0%	9.0%	-2.6%	266.5K	-9.1M	-50.7K	1.00	69.81	N/A	N/A	41	41	11,295	2,883
2014-02-10	$21.11	$15.00	57.3%	16.8%	61.1%	74.2%	59.4%	6.5%	-5.6%	261.3K	-8.0M	-47.3K	3.66	69.61	N/A	N/A	32	117	11,267	2,888
2014-02-11	$21.89	$15.00	47.3%	15.6%	61.9%	51.9%	54.1%	9.8%	-1.8%	289.0K	-9.5M	-49.2K	0.26	71.21	N/A	N/A	2,066	528	11,269	3,005
2014-02-12	$22.57	$15.00	45.3%	15.9%	62.8%	47.5%	60.8%	9.8%	-2.8%	349.1K	-12.3M	-62.0K	0.58	76.11	N/A	N/A	24	14	13,320	3,522
2014-02-13	$24.04	$15.00	51.8%	14.8%	64.5%	62.0%	43.6%	5.8%	-0.2%	347.2K	-16.0M	-65.8K	0.10	80.10	N/A	N/A	193	20	13,333	3,527
2014-02-14	$23.91	$15.00	52.8%	15.1%	63.1%	64.3%	51.9%	7.6%	-1.8%	341.4K	-15.9M	-66.6K	0.03	78.98	N/A	N/A	159	4	13,327	3,544
2014-02-18	$25.56	$15.00	53.5%	15.4%	67.0%	65.9%	51.2%	5.2%	-1.7%	314.6K	-20.2M	-66.6K	0.15	82.06	N/A	N/A	220	33	13,336	3,546
2014-02-19	$25.92	$15.00	56.1%	16.1%	66.5%	71.6%	57.3%	-0.3%	-0.9%	273.4K	-21.6M	-64.9K	5.35	81.26	N/A	N/A	93	498	13,287	3,556
2014-02-20	$26.94	$15.00	58.3%	16.7%	65.9%	76.5%	58.2%	8.6%	-5.0%	229.2K	-23.1M	-66.3K	0.10	79.63	N/A	N/A	94	9	13,097	4,047
2014-02-21	$26.08	$17.50	56.8%	16.3%	67.0%	73.0%	58.0%	1.9%	-1.8%	242.0K	-21.5M	-64.3K	0.01	82.20	N/A	N/A	4,057	60	13,131	4,054
2014-02-24	$25.82	$17.50	57.0%	16.3%	65.9%	73.5%	56.7%	0.5%	-1.6%	189.3K	-16.9M	-52.8K	0.00	81.51	N/A	N/A	1,642	0	10,609	3,880
2014-02-25	$26.06	$17.50	57.7%	16.5%	64.4%	75.1%	60.1%	1.7%	-3.8%	173.6K	-15.8M	-45.4K	0.00	81.07	N/A	N/A	311	0	9,611	3,880
2014-02-26	$25.46	$17.50	57.8%	16.6%	48.6%	75.2%	0.0%	-3.6%	-3.9%	162.9K	-15.1M	-44.6K	0.00	85.65	N/A	N/A	2	0	9,543	3,880
2014-02-27	$25.85	$17.50	59.0%	16.9%	45.4%	78.0%	0.0%	-0.7%	-4.6%	164.2K	-15.3M	-44.0K	0.00	81.07	N/A	N/A	0	0	9,410	3,880
2014-02-28	$25.99	$17.50	56.5%	16.2%	45.3%	72.4%	55.3%	-3.4%	-1.4%	152.9K	-16.0M	-42.0K	0.05	81.55	N/A	N/A	167	8	9,410	3,880