VNET Options History — March 2022

In March 2022, VNET traded between $3.64 and $7.68. ATM implied volatility averaged 116.2%, placing in the 71.0% IV rank vs the trailing year. The 30-day expected move averaged 32.1%. IV traded below realized volatility by 77.2% (HV 20d: 193.4%). Max pain ranged from $7.00 to $8.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 0.47.

Notable Days

2022-03-16: Highest Volume — 10,349 contracts
2022-03-11: Largest IV spike — 15.6% change
2022-03-14: Highest IV Rank — 100.0%
2022-03-11: Largest Expected Move — 42.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.37	$3.64	$7.68	$7.68	$5.81
Max Pain	$7.29	$7.00	$8.00	$8.00	$7.00
ATM IV	116.2%	102.9%	144.3%	106.1%	116.0%
Expected Move	32.1%	26.3%	42.8%	30.4%	30.1%
HV 20d	193.4%	105.1%	271.6%	107.4%	271.6%
HV 60d	136.6%	93.6%	172.6%	102.4%	172.6%
IV Rank	71.0%	57.9%	100.0%	61.5%	69.7%
IV Percentile	94.8%	90.1%	100.0%	94.8%	93.3%
Term Structure	-13.9%	-53.9%	-4.9%	-4.9%	-12.2%
VWIV	113.4%	96.5%	151.3%	104.7%	105.5%
Skew 25d	6.3%	-7.5%	15.8%	6.5%	8.0%
Skew 10d	22.0%	6.0%	78.8%	14.9%	23.4%
Call IV 25d	116.2%	98.2%	143.2%	107.5%	114.5%
Put IV 25d	122.5%	105.0%	143.1%	114.0%	122.5%
Bid-Ask Spread %	69.09	32.13	90.97	83.83	32.13
Gamma HHI	0.17	0.12	0.21	0.20	0.16
Net GEX	68.0K	8.3K	105.0K	105.0K	47.9K
Net DEX	-2.7M	-4.9M	686.6K	-3.9M	-1.8M
Net VEX	-24.0K	-31.8K	-9.2K	-27.3K	-21.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.26	0.96	0.31	0.41
Total Volume	4,848.957	3,391	10,349	4,129	5,384
Total OI	28,340.957	24,827	35,443	24,827	27,960

Daily Data (23 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
2022-03-01	$7.68	$8.00	106.1%	30.4%	107.4%	61.5%	104.7%	6.5%	-4.9%	105.0K	-3.9M	-27.3K	0.31	83.83	N/A	N/A	3,149	980	22,334	2,493
2022-03-02	$7.16	$8.00	103.2%	29.6%	108.7%	58.3%	105.5%	7.9%	-9.6%	96.0K	-3.1M	-25.9K	0.38	83.05	N/A	N/A	2,640	1,011	22,702	2,505
2022-03-03	$6.65	$8.00	104.2%	29.9%	107.8%	59.4%	103.7%	6.9%	-5.5%	76.0K	-2.0M	-20.8K	0.30	85.84	N/A	N/A	3,304	1,001	22,702	2,547
2022-03-04	$6.33	$7.00	113.9%	32.7%	105.2%	70.3%	116.0%	2.5%	-4.9%	78.4K	-2.3M	-23.5K	0.32	90.97	N/A	N/A	2,931	943	24,721	2,582
2022-03-07	$6.16	$7.00	127.5%	36.6%	105.1%	85.4%	126.2%	1.7%	-16.0%	73.9K	-2.3M	-23.3K	0.35	88.47	N/A	N/A	2,984	1,039	24,872	2,599
2022-03-08	$6.39	$7.00	108.2%	36.4%	105.1%	63.8%	128.1%	3.8%	-13.8%	84.5K	-2.3M	-23.6K	0.42	83.62	N/A	N/A	2,393	1,008	24,925	2,660
2022-03-09	$6.74	$7.00	102.9%	34.2%	107.4%	57.9%	130.6%	5.4%	-8.9%	95.3K	-2.6M	-24.1K	0.49	85.63	N/A	N/A	2,283	1,108	24,952	2,659
2022-03-10	$5.55	$7.00	108.4%	36.2%	117.1%	64.0%	128.4%	2.7%	-5.7%	47.1K	-830.3K	-16.1K	0.76	82.36	N/A	N/A	2,202	1,682	24,986	2,632
2022-03-11	$4.68	$7.00	125.2%	42.8%	127.1%	82.9%	151.3%	-1.9%	-10.4%	28.7K	-489.5K	-14.9K	0.93	90.09	N/A	N/A	3,278	3,032	25,075	3,086
2022-03-14	$3.64	$8.00	144.3%	33.3%	149.3%	100.0%	121.0%	-7.5%	-27.7%	14.3K	46.0K	-12.1K	0.96	62.61	N/A	N/A	2,546	2,441	27,276	4,366
2022-03-15	$3.78	$8.00	131.3%	33.1%	149.8%	86.1%	119.2%	7.0%	-17.1%	8.3K	686.6K	-9.2K	0.66	76.71	N/A	N/A	2,551	1,679	27,555	5,180
2022-03-16	$6.81	$8.00	124.4%	30.6%	261.9%	78.8%	110.5%	11.0%	-19.6%	100.9K	-4.3M	-30.9K	0.93	62.15	N/A	N/A	5,351	4,998	27,587	5,199
2022-03-17	$6.38	$0.00	119.3%	36.4%	262.5%	73.3%	0.0%	5.1%	-11.5%	75.5K	-2.5M	-26.0K	0.85	73.84	N/A	N/A	3,429	2,905	28,570	6,703
2022-03-18	$6.45	$0.00	123.5%	28.6%	261.3%	77.8%	96.5%	6.2%	-26.8%	48.5K	-2.0M	-23.7K	0.30	71.76	N/A	N/A	5,096	1,550	28,622	6,821
2022-03-21	$6.27	$7.00	118.8%	26.3%	261.4%	72.7%	103.1%	12.7%	-53.9%	52.8K	-2.9M	-26.5K	0.38	75.45	N/A	N/A	3,585	1,357	21,249	5,176
2022-03-22	$6.97	$7.00	109.4%	31.4%	264.5%	62.6%	107.7%	6.0%	-4.9%	70.0K	-3.8M	-28.4K	0.32	66.18	N/A	N/A	3,362	1,079	21,488	5,283
2022-03-23	$7.38	$7.00	112.0%	30.7%	262.9%	65.5%	107.1%	5.0%	-5.6%	76.9K	-4.5M	-30.0K	0.28	45.67	N/A	N/A	3,524	973	21,499	5,200
2022-03-24	$7.33	$7.00	117.3%	29.6%	262.6%	71.1%	103.6%	15.8%	-13.6%	77.7K	-4.9M	-31.8K	0.27	45.37	N/A	N/A	3,510	953	21,559	5,220
2022-03-25	$6.92	$7.00	111.6%	29.5%	263.5%	65.1%	103.9%	7.9%	-8.0%	69.0K	-4.0M	-29.7K	0.29	51.63	N/A	N/A	3,328	975	21,575	5,218
2022-03-28	$6.91	$7.00	117.1%	29.7%	262.1%	70.9%	109.6%	11.4%	-16.5%	67.4K	-3.3M	-25.1K	0.29	53.14	N/A	N/A	3,603	1,042	21,630	5,244
2022-03-29	$7.28	$7.00	118.4%	30.1%	262.9%	72.3%	106.3%	11.1%	-14.6%	82.7K	-4.6M	-29.5K	0.26	50.49	N/A	N/A	3,737	962	21,757	5,251
2022-03-30	$7.20	$7.00	110.3%	29.9%	261.8%	63.7%	105.5%	9.6%	-7.8%	87.0K	-4.4M	-27.6K	0.28	48.12	N/A	N/A	3,613	1,025	22,366	5,256
2022-03-31	$5.81	$7.00	116.0%	30.1%	271.6%	69.7%	105.5%	8.0%	-12.2%	47.9K	-1.8M	-21.4K	0.41	32.13	N/A	N/A	3,806	1,578	22,598	5,362