VRM Options History — April 2023

In April 2023, VRM traded between $62.40 and $75.20. ATM implied volatility averaged 105.5%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 31.1%. IV traded above realized volatility by 53.6% (HV 20d: 51.8%). Max pain ranged from $40.00 to $80.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 3.05.

Notable Days

  • 2023-04-19: Highest Volume — 64 contracts
  • 2023-04-12: Largest IV spike — 69.4% change
  • 2023-04-12: Highest IV Rank — 33.9%
  • 2023-04-12: Largest Expected Move — 41.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$69.73$62.40$75.20$71.20$64.00
Max Pain$61.05$40.00$80.00$80.00$80.00
ATM IV105.5%77.8%142.9%87.2%121.2%
Expected Move31.1%22.3%41.0%25.0%34.7%
HV 20d51.8%45.9%60.4%56.9%46.4%
HV 60d74.9%65.3%81.3%80.2%65.3%
IV Rank17.5%5.3%33.9%9.5%24.4%
IV Percentile17.4%2.0%48.8%6.0%28.2%
Term Structure1.8%-57.8%54.9%35.1%-1.0%
VWIV114.7%80.7%200.6%88.3%117.4%
Skew 25d29.8%-8.9%111.2%46.3%79.1%
Skew 10d30.9%-38.3%132.9%65.4%47.8%
Call IV 25d97.6%71.4%121.4%84.7%92.1%
Put IV 25d127.4%91.6%182.6%131.0%171.2%
Bid-Ask Spread %44.788.0196.6444.1311.87
Gamma HHI0.210.160.250.160.22
Net GEX5.4K2.5K8.6K6.4K4.1K
Net DEX-865.2K-2.1M-11.1K-1.8M-292.1K
Net VEX-20.6K-23.5K-17.5K-19.9K-18.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.050.6312.812.150.73
Total Volume17.26310641612
Total OI1,298.0531,0811,4041,3531,106

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$71.20$80.0087.2%25.0%56.9%9.5%88.3%46.3%35.1%6.4K-1.8M-19.9K2.1544.13N/AN/A511945408
2023-04-04$72.00$80.0080.3%23.0%56.5%6.5%80.7%12.4%47.1%5.3K-1.6M-20.7K5.5762.27N/AN/A29946408
2023-04-05$68.00$80.0077.8%22.3%59.5%5.3%84.1%111.2%46.7%4.5K-1.1M-21.5K5.5852.93N/AN/A210946407
2023-04-06$71.20$40.0078.3%28.9%60.4%5.6%101.4%34.2%8.5%6.0K-1.9M-20.4K1.5245.48N/AN/A711947407
2023-04-10$72.80$40.0089.1%28.7%57.2%10.3%107.1%19.7%9.6%6.2K-880.2K-22.3K1.4466.96N/AN/A69949410
2023-04-11$75.20$40.0084.4%31.4%57.3%8.2%108.5%28.5%-3.9%7.5K-1.4M-23.5K0.8951.81N/AN/A109955409
2023-04-12$72.80$40.00142.9%41.0%55.5%33.9%147.2%21.7%-30.9%8.4K-2.1M-18.5K3.9245.58N/AN/A28963410
2023-04-13$72.80$40.00139.2%39.9%54.3%32.3%0.0%56.7%-19.8%7.7K-772.9K-21.9K3.7558.97N/AN/A29964408
2023-04-14$72.00$40.00121.7%34.9%54.1%24.6%122.4%43.6%-4.6%8.2K-712.3K-22.3K3.4548.30N/AN/A28966408
2023-04-17$73.60$40.00122.3%35.1%48.9%24.9%122.2%15.8%-22.9%8.6K-832.0K-22.7K2.4196.64N/AN/A49965408
2023-04-18$73.60$40.0096.5%27.7%45.9%13.6%106.2%16.3%8.7%4.6K-610.9K-22.2K0.6362.63N/AN/A149969408
2023-04-19$71.20$40.00111.3%31.9%46.1%20.1%111.3%27.8%-14.3%4.9K-1.0M-21.6K12.8144.72N/AN/A559967408
2023-04-20$67.20$80.00105.7%30.3%50.3%17.6%105.5%18.2%54.9%2.5K-370.3K-20.0K1.8345.46N/AN/A58971432
2023-04-21$68.00$80.00104.9%30.1%46.4%17.2%105.0%-8.9%-10.5%2.8K-11.1K-19.1K2.6754.99N/AN/A412975429
2023-04-24$67.20$80.00117.7%33.7%46.3%22.8%117.7%2.4%-57.8%3.5K-257.4K-19.8K0.738.01N/AN/A139687394
2023-04-25$64.80$80.00118.7%34.0%47.9%23.3%118.0%26.2%-16.6%4.2K-174.6K-19.6K3.8612.86N/AN/A311698394
2023-04-26$64.80$80.00108.5%31.1%47.8%18.8%120.1%6.4%7.2%3.5K-383.3K-19.3K1.8522.98N/AN/A59701396
2023-04-27$62.40$80.0096.0%27.5%47.3%13.4%200.6%8.1%-1.4%2.9K-206.5K-17.5K2.1014.19N/AN/A510704395
2023-04-28$64.00$80.00121.2%34.7%46.4%24.4%117.4%79.1%-1.0%4.1K-292.1K-18.7K0.7311.87N/AN/A75707399