VNET Options History — February 2020

In February 2020, VNET traded between $9.81 and $15.21. ATM implied volatility averaged 73.0%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 21.1%. IV traded below realized volatility by 13.1% (HV 20d: 86.1%). Max pain ranged from $7.00 to $9.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.91.

Notable Days

2020-02-25: Highest Volume — 1,558 contracts
2020-02-25: Largest IV spike — 25.7% change
2020-02-28: Highest IV Rank — 51.0%
2020-02-28: Largest Expected Move — 33.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.43	$9.81	$15.21	$9.81	$14.95
Max Pain	$7.63	$7.00	$9.00	$9.00	$9.00
ATM IV	73.0%	55.9%	117.4%	59.2%	117.4%
Expected Move	21.1%	17.0%	33.7%	17.0%	33.7%
HV 20d	86.1%	59.0%	93.2%	68.3%	88.4%
HV 60d	70.7%	58.7%	73.9%	58.7%	72.4%
IV Rank	25.2%	15.6%	51.0%	17.6%	51.0%
IV Percentile	94.0%	84.1%	99.2%	91.3%	99.2%
Term Structure	-9.4%	-25.7%	4.7%	4.0%	-25.7%
VWIV	72.8%	57.2%	104.7%	59.7%	104.7%
Skew 25d	0.4%	-2.7%	3.3%	0.9%	0.8%
Skew 10d	-1.2%	-28.8%	15.5%	2.9%	-0.6%
Call IV 25d	73.7%	59.5%	113.6%	59.5%	113.6%
Put IV 25d	74.0%	59.2%	114.4%	60.4%	114.4%
Bid-Ask Spread %	63.63	27.77	88.25	77.37	40.82
Gamma HHI	0.25	0.16	0.46	0.29	0.21
Net GEX	53.1K	-450	108.4K	63.2K	4.1K
Net DEX	-9.8M	-12.5M	-5.4M	-5.4M	-9.8M
Net VEX	-8.2K	-10.7K	-6.0K	-9.6K	-10.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.91	0.00	5.96	0.00	3.05
Total Volume	453.684	7	1,558	7	555
Total OI	10,051.632	8,591	11,356	8,595	10,975

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
2020-02-03	$9.81	$9.00	59.2%	17.0%	68.3%	17.6%	59.7%	0.9%	4.0%	63.2K	-5.4M	-9.6K	0.00	77.37	N/A	N/A	7	0	7,854	741
2020-02-04	$10.47	$9.00	63.3%	18.1%	59.0%	19.9%	57.2%	3.0%	4.1%	61.6K	-6.3M	-8.6K	0.00	88.25	N/A	N/A	38	0	7,854	741
2020-02-05	$10.65	$9.00	60.4%	17.3%	59.2%	18.2%	61.6%	-2.7%	4.7%	60.8K	-6.5M	-8.7K	0.00	75.95	N/A	N/A	9	0	7,857	741
2020-02-06	$12.82	$7.00	55.9%	17.0%	86.5%	15.6%	60.4%	2.0%	-3.7%	56.7K	-9.1M	-6.0K	0.12	79.22	N/A	N/A	607	75	7,850	741
2020-02-07	$12.06	$7.00	57.0%	17.9%	90.4%	15.9%	62.7%	3.3%	-6.4%	69.2K	-8.5M	-7.5K	0.15	71.13	N/A	N/A	265	39	8,378	841
2020-02-10	$12.94	$7.00	66.6%	19.5%	91.4%	21.5%	68.2%	0.9%	-9.6%	68.7K	-9.7M	-7.5K	0.14	67.08	N/A	N/A	392	54	8,559	866
2020-02-11	$12.82	$7.00	62.5%	19.0%	90.9%	19.1%	66.7%	2.2%	-8.7%	69.8K	-9.7M	-7.3K	0.08	61.70	N/A	N/A	445	37	8,724	897
2020-02-12	$13.68	$7.00	67.4%	19.3%	92.6%	21.9%	67.7%	1.1%	-10.5%	60.8K	-10.8M	-6.6K	0.76	72.28	N/A	N/A	570	432	8,738	932
2020-02-13	$13.45	$7.00	66.3%	19.0%	91.0%	21.3%	66.7%	-0.2%	-9.3%	62.0K	-10.6M	-8.0K	0.01	72.20	N/A	N/A	633	5	9,092	1,331
2020-02-14	$13.17	$7.00	64.1%	18.4%	89.7%	20.0%	64.9%	-2.0%	-7.3%	69.1K	-10.2M	-8.5K	0.50	71.74	N/A	N/A	121	60	9,485	1,334
2020-02-18	$14.45	$7.00	70.9%	20.3%	93.2%	23.9%	67.0%	0.5%	-15.6%	79.6K	-12.1M	-7.0K	0.54	73.77	N/A	N/A	449	243	9,448	1,375
2020-02-19	$14.56	$7.00	67.4%	19.3%	91.6%	21.9%	66.4%	-0.4%	-9.0%	88.0K	-12.3M	-7.6K	0.31	72.49	N/A	N/A	518	160	9,699	1,626
2020-02-20	$14.89	$7.00	67.0%	19.2%	91.4%	21.7%	67.4%	0.8%	-7.8%	108.4K	-12.5M	-7.8K	0.31	73.78	N/A	N/A	363	114	9,570	1,756
2020-02-21	$14.63	$7.00	70.6%	20.2%	92.3%	23.8%	72.0%	-1.5%	-9.7%	28.3K	-11.7M	-8.4K	1.98	64.11	N/A	N/A	51	101	9,517	1,839
2020-02-24	$14.43	$7.00	75.9%	21.8%	92.1%	26.9%	76.0%	-0.9%	-11.7%	27.9K	-10.3M	-8.1K	2.39	50.30	N/A	N/A	46	110	8,258	1,607
2020-02-25	$15.21	$7.00	95.5%	27.4%	89.0%	38.2%	94.4%	-0.6%	-21.5%	26.8K	-11.1M	-8.0K	5.96	38.13	N/A	N/A	224	1,334	8,249	1,615
2020-02-26	$14.99	$9.00	96.9%	27.8%	89.6%	39.1%	97.2%	-0.4%	-15.4%	4.4K	-10.2M	-9.9K	0.88	30.92	N/A	N/A	248	219	8,285	2,586
2020-02-27	$15.20	$9.00	102.4%	29.3%	89.0%	42.2%	102.1%	0.3%	-19.3%	-450	-10.2M	-10.3K	0.13	27.77	N/A	N/A	85	11	8,217	2,803
2020-02-28	$14.95	$9.00	117.4%	33.7%	88.4%	51.0%	104.7%	0.8%	-25.7%	4.1K	-9.8M	-10.7K	3.05	40.82	N/A	N/A	137	418	8,181	2,794