VRM Options History — August 2023

In August 2023, VRM traded between $86.40 and $190.40. ATM implied volatility averaged 128.2%, placing in the 32.8% IV rank vs the trailing year. The 30-day expected move averaged 37.1%. IV traded below realized volatility by 36.8% (HV 20d: 165.0%). Max pain ranged from $120.00 to $160.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.57.

Notable Days

  • 2023-08-09: Highest Volume — 296 contracts
  • 2023-08-09: Largest IV drop — 20.0% change
  • 2023-08-01: Highest IV Rank — 48.6%
  • 2023-08-02: Largest Expected Move — 55.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$119.86$86.40$190.40$190.40$106.40
Max Pain$144.35$120.00$160.00$160.00$120.00
ATM IV128.2%109.7%161.9%161.9%110.6%
Expected Move37.1%30.8%55.3%55.0%35.4%
HV 20d165.0%148.9%197.8%173.7%157.8%
HV 60d142.6%123.6%151.8%128.8%151.6%
IV Rank32.8%23.7%48.6%48.6%24.2%
IV Percentile46.1%25.0%81.3%81.3%25.8%
Term Structure3.7%-23.8%86.2%-2.9%0.2%
VWIV132.4%98.7%202.4%202.4%123.1%
Skew 25d-9.4%-26.2%30.7%-19.4%-2.9%
Skew 10d-21.1%-49.9%80.1%-38.3%-15.2%
Call IV 25d141.7%111.4%208.0%208.0%137.1%
Put IV 25d132.3%108.5%201.4%188.6%134.2%
Bid-Ask Spread %5.583.1815.853.954.11
Gamma HHI0.160.120.200.170.19
Net GEX23.9K7.2K56.3K56.3K31.5K
Net DEX-3.2M-10.5M-395.4K-10.5M-3.0M
Net VEX-28.9K-44.3K-20.9K-44.3K-25.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.062.800.610.12
Total Volume76.2173529610559
Total OI1,665.5221,4171,9011,5841,486

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$190.40$160.00161.9%55.0%173.7%48.6%202.4%-19.4%-2.9%56.3K-10.5M-44.3K0.613.95N/AN/A65401,172412
2023-08-02$180.80$160.00160.3%55.3%174.0%47.8%191.8%-17.7%-1.0%46.2K-9.4M-43.7K1.114.91N/AN/A31351,201438
2023-08-03$180.00$160.00156.7%43.1%169.4%46.0%153.4%-16.9%-3.6%42.6K-9.1M-42.7K0.477.24N/AN/A88411,200459
2023-08-04$164.00$160.00160.1%43.2%164.9%47.7%154.0%30.7%-8.3%32.8K-7.1M-40.2K0.518.12N/AN/A48241,213475
2023-08-07$158.40$160.00154.4%42.7%160.8%44.8%148.4%-10.0%-3.5%28.5K-6.4M-38.3K0.435.58N/AN/A81351,211488
2023-08-08$160.00$160.00160.9%44.3%157.9%48.1%160.3%-22.5%-6.2%29.1K-6.7M-39.1K0.6415.85N/AN/A61391,240514
2023-08-09$110.40$160.00128.7%36.1%197.8%31.9%130.9%-14.9%-23.8%7.2K-812.1K-26.8K0.3813.10N/AN/A214821,281539
2023-08-10$112.00$160.00120.9%37.3%196.0%29.7%142.8%-26.2%13.4%15.0K-818.3K-27.6K0.204.39N/AN/A105211,352540
2023-08-11$113.60$160.00126.5%36.3%188.1%32.7%139.2%-23.3%-5.3%16.0K-977.5K-28.4K0.253.94N/AN/A62161,356545
2023-08-14$113.60$160.00127.8%36.0%181.8%33.4%129.9%-3.2%9.3%15.8K-1.7M-28.7K0.374.08N/AN/A34131,342529
2023-08-15$110.40$160.00120.3%34.4%178.7%29.4%129.4%-3.9%8.2%16.0K-1.2M-27.2K0.384.97N/AN/A30111,347533
2023-08-16$101.60$160.00119.9%34.4%159.8%29.2%119.7%-9.5%-2.6%17.5K-395.4K-24.9K1.033.90N/AN/A31321,361534
2023-08-17$95.20$160.00109.7%31.1%150.4%23.7%113.6%-22.7%8.9%15.4K-589.4K-23.3K0.303.42N/AN/A2891,373508
2023-08-18$98.40$160.00109.7%31.1%152.1%23.7%117.5%-15.3%3.3%17.1K-1.1M-24.8K0.713.58N/AN/A23161,389471
2023-08-21$95.20$120.00115.7%32.6%152.0%26.9%116.8%-7.0%3.7%18.5K-1.5M-23.7K0.223.80N/AN/A2961,120381
2023-08-22$86.40$120.00111.9%32.2%148.9%24.9%113.5%-19.1%0.6%16.2K-836.4K-20.9K0.138.85N/AN/A4361,140385
2023-08-23$95.20$120.00116.1%33.3%156.4%27.1%116.1%-1.0%2.0%20.1K-2.0M-22.8K0.753.74N/AN/A36261,162310
2023-08-24$88.00$120.00113.7%31.8%155.6%25.8%106.0%-1.3%3.0%15.9K-1.6M-20.9K1.344.44N/AN/A17231,166329
2023-08-25$90.40$120.00113.8%32.4%153.7%25.9%113.4%2.7%-0.8%17.1K-1.7M-21.4K2.804.96N/AN/A17471,167315
2023-08-28$98.40$120.00114.5%32.1%154.0%26.3%113.3%-5.8%12.6%21.5K-2.1M-22.6K0.103.18N/AN/A3941,125292
2023-08-29$100.00$120.00117.3%30.8%153.4%27.7%98.7%-6.6%-8.1%23.4K-2.3M-22.9K0.103.73N/AN/A3331,149293
2023-08-30$108.00$120.00117.6%32.3%157.9%27.9%112.0%-0.4%86.2%29.6K-2.8M-24.8K0.064.43N/AN/A4731,171293
2023-08-31$106.40$120.00110.6%35.4%157.8%24.2%123.1%-2.9%0.2%31.5K-3.0M-25.4K0.124.11N/AN/A5361,194292