VRM Options History — August 2020

In August 2020, VRM traded between $4567.20 and $5551.20. ATM implied volatility averaged 90.0%. The 30-day expected move averaged 24.1%. IV traded below realized volatility by 3.5% (HV 20d: 93.5%). Max pain ranged from $4000.00 to $4800.00. Net GEX was positive for 18 of 18 trading days. Term structure was in contango for 13 of 18 days. Put/call ratio averaged 0.42.

Notable Days

  • 2020-08-13: Highest Volume — 209 contracts
  • 2020-08-12: Largest IV drop — 24.5% change
  • 2020-08-12: Largest Expected Move — 29.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5084.09$4567.20$5551.20$5347.20$5516.00
Max Pain$4533.33$4000.00$4800.00$4000.00$4800.00
ATM IV90.0%73.8%136.7%118.4%76.3%
Expected Move24.1%21.1%29.6%27.5%21.9%
HV 20d93.5%92.5%95.2%95.2%92.8%
Term Structure-0.2%-7.4%4.0%-4.7%3.8%
VWIV84.0%74.1%102.6%95.3%78.1%
Skew 25d5.7%2.0%11.2%9.3%6.8%
Skew 10d11.9%6.7%21.0%19.0%9.5%
Call IV 25d82.0%72.4%99.0%91.7%74.9%
Put IV 25d87.7%75.9%109.6%101.1%81.8%
Bid-Ask Spread %38.5925.4749.7443.5147.89
Gamma HHI0.220.120.310.120.25
Net GEX720.2K188.4K1.4M250.3K1.0M
Net DEX-26.8M-39.3M-9.2M-20.6M-38.8M
Net VEX-86.7K-128.9K-51.7K-51.7K-128.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.100.830.100.46
Total Volume47.83362094413
Total OI236.389100374100257

Daily Data (18 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-06$5347.20$4000.00118.4%27.5%0.0%0.0%95.3%9.3%-4.7%250.3K-20.6M-51.7K0.1043.51N/AN/A4046634
2020-08-07$5108.00$4400.00118.0%28.0%0.0%0.0%97.9%8.7%-4.2%262.5K-18.8M-55.7K0.3738.04N/AN/A47176935
2020-08-10$5107.20$4400.00131.9%28.6%0.0%0.0%101.4%9.2%-7.4%397.6K-23.2M-66.4K0.3631.76N/AN/A729850
2020-08-11$5226.40$4400.00136.7%29.2%0.0%0.0%102.6%9.5%-7.0%436.2K-25.1M-66.3K0.3135.44N/AN/A13410051
2020-08-12$5551.20$4400.00103.2%29.6%0.0%0.0%99.4%11.2%-6.5%513.7K-31.9M-65.1K0.2636.17N/AN/A1042710353
2020-08-13$4567.20$4800.0086.9%24.9%0.0%0.0%86.7%3.7%0.0%188.4K-9.2M-69.0K0.5825.47N/AN/A1327716176
2020-08-14$4644.80$4400.0081.3%23.3%0.0%0.0%81.5%4.9%4.0%658.8K-18.3M-92.4K0.3434.03N/AN/A421521795
2020-08-17$4674.40$4400.0080.7%23.1%0.0%0.0%81.3%4.5%3.0%736.0K-19.5M-83.4K0.4535.05N/AN/A16722096
2020-08-18$4796.00$4400.0079.4%22.8%0.0%0.0%79.0%3.8%2.3%1.0M-24.9M-82.4K0.4637.08N/AN/A16822198
2020-08-19$4904.80$4800.0073.8%21.1%0.0%0.0%74.1%2.0%3.6%1.4M-30.3M-76.7K0.2943.85N/AN/A862522099
2020-08-20$4817.60$4400.0076.3%21.9%0.0%0.0%76.2%4.2%2.2%1.3M-31.0M-98.1K0.8344.87N/AN/A1311263111
2020-08-21$4997.60$4400.0075.1%21.5%0.0%0.0%75.6%4.0%2.5%646.6K-39.3M-96.6K0.4434.68N/AN/A219258107
2020-08-24$5243.20$4400.0076.3%21.9%0.0%0.0%76.7%3.7%0.4%761.9K-29.3M-98.3K0.2525.84N/AN/A18415249
2020-08-25$5196.80$4800.0074.6%21.4%0.0%0.0%77.2%4.5%2.5%794.2K-28.6M-97.7K0.5439.40N/AN/A11615650
2020-08-26$5308.00$4800.0076.5%21.9%0.0%0.0%74.8%4.4%0.1%870.9K-33.0M-105.3K0.6649.74N/AN/A291916253
2020-08-27$5320.80$4800.0077.2%22.1%95.2%0.0%77.0%4.4%1.1%889.3K-33.3M-114.2K0.3445.48N/AN/A9317463
2020-08-28$5186.40$4800.0078.1%22.4%92.5%0.0%77.9%3.8%0.6%813.9K-28.2M-112.9K0.5046.37N/AN/A4217464
2020-08-31$5516.00$4800.0076.3%21.9%92.8%0.0%78.1%6.8%3.8%1.0M-38.8M-128.9K0.4647.89N/AN/A9418176