VRM Options History — August 2022

In August 2022, VRM traded between $117.60 and $199.20. ATM implied volatility averaged 162.7%, placing in the 45.7% IV rank vs the trailing year. The 30-day expected move averaged 44.5%. IV traded below realized volatility by 35.5% (HV 20d: 198.3%). Max pain ranged from $80.00 to $120.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.28.

Notable Days

2022-08-08: Highest Volume — 3,043 contracts
2022-08-09: Largest IV drop — 37.0% change
2022-08-08: Highest IV Rank — 87.6%
2022-08-03: Largest Expected Move — 57.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$150.33	$117.60	$199.20	$117.60	$132.00
Max Pain	$114.78	$80.00	$120.00	$120.00	$120.00
ATM IV	162.7%	132.3%	263.7%	172.6%	136.5%
Expected Move	44.5%	37.9%	57.4%	49.5%	39.1%
HV 20d	198.3%	116.8%	232.6%	116.8%	218.7%
HV 60d	161.3%	137.0%	170.6%	145.4%	169.1%
IV Rank	45.7%	33.1%	87.6%	49.8%	34.9%
IV Percentile	68.6%	48.4%	99.6%	80.6%	49.6%
Term Structure	-11.7%	-39.8%	9.9%	-35.1%	9.9%
VWIV	159.0%	132.3%	199.5%	175.4%	153.5%
Skew 25d	-22.5%	-69.2%	16.7%	-69.2%	-28.9%
Skew 10d	-11.0%	-166.4%	78.3%	-60.4%	-33.0%
Call IV 25d	167.6%	114.7%	233.4%	188.4%	164.6%
Put IV 25d	145.1%	119.2%	183.1%	119.2%	135.7%
Bid-Ask Spread %	23.42	10.96	48.63	12.92	36.89
Gamma HHI	0.29	0.19	0.49	0.25	0.20
Net GEX	176.1K	49.3K	356.1K	49.3K	81.5K
Net DEX	-12.6M	-25.8M	-5.8M	-5.8M	-6.1M
Net VEX	-87.2K	-116.4K	-49.1K	-49.1K	-74.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.28	0.07	1.22	0.39	0.38
Total Volume	371.087	23	3,043	114	98
Total OI	5,445.957	4,224	6,607	4,224	5,498

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
2022-08-01	$117.60	$120.00	172.6%	49.5%	116.8%	49.8%	175.4%	-69.2%	-35.1%	49.3K	-5.8M	-49.1K	0.39	12.92	N/A	N/A	82	32	3,015	1,209
2022-08-02	$138.40	$120.00	191.9%	55.0%	122.4%	57.8%	199.2%	-64.0%	-39.8%	87.7K	-9.5M	-65.2K	0.45	21.41	N/A	N/A	126	57	3,045	1,212
2022-08-03	$145.60	$120.00	200.2%	57.4%	122.7%	61.3%	199.5%	-32.7%	-39.0%	121.7K	-12.0M	-69.6K	0.22	25.00	N/A	N/A	136	30	3,081	1,240
2022-08-04	$144.80	$80.00	198.7%	45.2%	120.1%	60.6%	132.3%	15.8%	-18.3%	131.4K	-12.3M	-70.4K	0.56	24.20	N/A	N/A	63	35	3,108	1,243
2022-08-05	$182.40	$80.00	231.6%	49.0%	143.7%	74.3%	175.6%	-4.0%	-22.9%	188.8K	-21.1M	-84.9K	0.11	20.37	N/A	N/A	533	58	3,119	1,253
2022-08-08	$199.20	$80.00	263.7%	55.1%	139.4%	87.6%	198.6%	-25.5%	-31.3%	212.9K	-25.8M	-93.3K	0.15	19.72	N/A	N/A	2,657	386	3,176	1,268
2022-08-09	$129.60	$120.00	166.2%	46.8%	213.9%	47.1%	170.2%	-34.9%	-17.5%	131.9K	-8.0M	-76.5K	0.20	37.67	N/A	N/A	538	109	4,544	1,585
2022-08-10	$129.60	$120.00	139.0%	39.9%	212.4%	35.9%	156.9%	-31.4%	-7.5%	137.4K	-7.5M	-80.7K	0.07	32.06	N/A	N/A	242	16	4,535	1,582
2022-08-11	$141.60	$120.00	161.4%	46.3%	214.3%	45.2%	151.3%	-19.2%	-29.0%	215.1K	-11.1M	-90.7K	0.31	27.91	N/A	N/A	333	103	4,531	1,596
2022-08-12	$168.80	$120.00	148.4%	42.5%	221.6%	39.8%	152.6%	-2.1%	-12.2%	240.9K	-18.5M	-107.0K	0.08	31.21	N/A	N/A	351	29	4,623	1,665
2022-08-15	$150.40	$120.00	147.1%	42.2%	226.0%	39.2%	150.4%	-10.3%	-12.6%	281.9K	-13.5M	-86.8K	0.20	15.81	N/A	N/A	108	21	4,678	1,681
2022-08-16	$176.80	$120.00	146.9%	42.1%	232.6%	39.2%	157.2%	-16.4%	-4.7%	265.1K	-20.7M	-110.9K	0.12	32.91	N/A	N/A	707	83	4,676	1,690
2022-08-17	$173.60	$120.00	145.8%	41.8%	231.9%	38.7%	156.8%	-19.1%	-7.3%	282.6K	-22.1M	-116.4K	0.11	48.63	N/A	N/A	235	27	4,878	1,729
2022-08-18	$168.00	$120.00	146.4%	42.0%	230.8%	38.9%	151.3%	-11.6%	-8.0%	356.1K	-16.5M	-103.0K	0.74	20.31	N/A	N/A	46	34	4,588	1,731
2022-08-19	$146.40	$120.00	145.3%	41.7%	225.8%	38.5%	148.7%	-17.4%	1.2%	174.9K	-10.5M	-76.6K	0.13	15.75	N/A	N/A	164	21	4,546	1,725
2022-08-22	$140.80	$120.00	145.8%	41.8%	226.3%	38.7%	148.8%	-44.5%	-1.3%	157.5K	-9.1M	-90.1K	1.22	15.85	N/A	N/A	329	401	3,888	780
2022-08-23	$140.80	$120.00	148.4%	42.5%	223.6%	39.8%	155.6%	-17.4%	3.8%	139.5K	-8.8M	-95.8K	0.07	15.09	N/A	N/A	111	8	4,174	1,172
2022-08-24	$148.80	$120.00	147.3%	42.2%	223.8%	39.3%	152.1%	-40.0%	-12.5%	178.5K	-12.6M	-93.4K	0.39	15.85	N/A	N/A	32	12	4,220	1,175
2022-08-25	$156.00	$120.00	142.4%	40.8%	223.8%	37.3%	142.4%	-27.0%	5.5%	195.7K	-12.4M	-106.7K	0.08	13.64	N/A	N/A	42	3	4,230	1,184
2022-08-26	$148.00	$120.00	132.3%	37.9%	224.8%	33.1%	134.8%	-13.1%	5.5%	161.6K	-9.6M	-93.0K	0.17	10.96	N/A	N/A	33	6	4,261	1,185
2022-08-29	$144.80	$120.00	150.6%	43.2%	224.9%	40.7%	150.5%	-21.2%	-1.6%	155.5K	-8.9M	-89.2K	0.11	22.62	N/A	N/A	21	2	4,277	1,186
2022-08-30	$133.60	$120.00	134.2%	38.5%	219.6%	33.9%	142.6%	16.7%	5.9%	103.4K	-6.5M	-82.5K	0.19	21.92	N/A	N/A	63	12	4,288	1,187
2022-08-31	$132.00	$120.00	136.5%	39.1%	218.7%	34.9%	153.5%	-28.9%	9.9%	81.5K	-6.1M	-74.5K	0.38	36.89	N/A	N/A	71	27	4,309	1,189