VRM Options History — April 2024

In April 2024, VRM traded between $10.85 and $12.99. ATM implied volatility averaged 272.3%, placing in the 48.1% IV rank vs the trailing year. The 30-day expected move averaged 70.8%. IV traded above realized volatility by 121.9% (HV 20d: 150.4%). Max pain ranged from $0.50 to $0.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days.

Notable Days

  • 2024-04-03: Highest Volume — 18 contracts
  • 2024-04-24: Largest IV spike — 142.8% change
  • 2024-04-16: Highest IV Rank — 88.1%
  • 2024-04-24: Largest Expected Move — 113.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.96$10.85$12.99$12.99$11.70
Max Pain$0.50$0.50$0.50$0.50$0.50
ATM IV272.3%152.4%445.7%267.4%373.8%
Expected Move70.8%31.0%113.6%80.1%107.2%
HV 20d150.4%63.2%259.9%259.9%70.8%
HV 60d210.1%189.5%223.9%223.8%189.5%
IV Rank48.1%20.5%88.1%47.0%71.5%
IV Percentile84.4%62.3%94.0%90.9%90.1%
Term Structure-111.4%-268.1%13.5%-137.4%-266.7%
Skew 25d-25.0%-117.6%66.3%-23.4%-3.2%
Skew 10d-25.0%-117.6%66.3%-23.4%-3.2%
Call IV 25d131.8%81.0%239.9%102.1%132.3%
Put IV 25d106.7%32.7%187.9%78.8%129.1%
Bid-Ask Spread %18.560.44127.01116.5911.46
Gamma HHI0.240.150.620.620.15
Net GEX7.8K47311.4K47311.4K
Net DEX-42.2M-49.3M-34.7M-49.3M-35.0M
Net VEX-9.3K-18.0K-211-211-12.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume16.364018018
Total OI42,744.13637,27845,29545,29537,278

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$12.99$0.50267.4%0.0%259.9%47.0%0.0%0.0%0.0%473-49.3M-2110.00116.59N/AN/A0037,9937,302
2024-04-02$12.27$0.50266.6%0.0%256.8%46.8%0.0%0.0%0.0%667-46.6M-3120.00127.01N/AN/A0037,9937,302
2024-04-03$11.44$0.50265.3%0.0%258.2%46.5%0.0%0.0%0.0%1.0K-43.5M-3860.00127.01N/AN/A01837,9937,302
2024-04-04$11.72$0.50279.4%80.1%257.6%49.8%0.0%-23.4%-137.4%7.4K-44.3M-5.9K0.000.49N/AN/A01837,9937,302
2024-04-05$11.67$0.50367.5%105.4%254.9%70.1%0.0%0.9%-161.1%7.8K-44.1M-6.6K0.000.49N/AN/A01837,9937,302
2024-04-08$12.38$0.50241.1%69.1%255.9%40.9%0.0%3.4%-19.5%7.8K-46.7M-7.9K0.000.46N/AN/A01837,9937,302
2024-04-09$12.80$0.50256.8%73.6%255.6%44.6%0.0%-52.1%-61.3%7.3K-48.3M-7.7K0.000.44N/AN/A01837,9937,302
2024-04-10$12.97$0.50272.6%78.2%250.0%48.2%0.0%-14.5%-163.3%6.3K-49.0M-6.1K0.000.44N/AN/A01837,9937,302
2024-04-11$12.35$0.50283.5%81.3%150.4%50.7%0.0%-2.0%-165.2%7.8K-46.6M-6.5K0.000.46N/AN/A01837,9937,302
2024-04-12$12.55$0.50305.6%87.6%129.0%55.8%0.0%-21.3%-107.4%10.6K-47.1M-11.7K0.000.45N/AN/A01837,9937,302
2024-04-15$11.86$0.50395.4%67.8%111.1%76.5%0.0%-74.2%-134.1%10.8K-44.5M-12.5K0.000.46N/AN/A01837,9937,302
2024-04-16$11.25$0.50445.7%31.0%102.2%88.1%0.0%-17.6%13.5%4.5K-42.6M-3.3K0.000.49N/AN/A01837,9937,302
2024-04-17$11.78$0.50301.9%86.6%97.4%54.9%0.0%19.2%-221.6%9.8K-43.9M-16.6K0.008.41N/AN/A01837,9937,302
2024-04-18$10.90$0.50206.6%59.2%98.5%33.0%0.0%-117.6%-65.1%9.2K-41.0M-9.0K0.001.28N/AN/A01837,9937,302
2024-04-19$10.85$0.50167.5%48.0%63.2%24.0%0.0%66.3%13.1%10.1K-40.4M-17.2K0.000.51N/AN/A01837,9937,302
2024-04-22$11.91$0.50161.0%46.2%72.2%22.5%0.0%-101.9%-25.1%10.1K-35.5M-16.7K0.000.46N/AN/A01830,5026,776
2024-04-23$12.12$0.50163.1%46.8%72.5%23.0%0.0%-27.1%-28.6%3.9K-36.9M-3.1K0.000.45N/AN/A01830,5026,776
2024-04-24$12.15$0.50396.1%113.6%72.6%76.6%0.0%23.9%-268.1%10.4K-36.2M-18.0K0.008.96N/AN/A01830,5026,776
2024-04-25$12.11$0.50253.9%72.8%72.5%43.9%0.0%-23.8%-213.5%11.0K-36.2M-14.8K0.001.04N/AN/A01830,5026,776
2024-04-26$11.61$0.50152.4%43.7%73.4%20.5%0.0%-90.5%-38.8%11.1K-34.7M-14.8K0.000.47N/AN/A01830,5026,776
2024-04-29$11.71$0.50167.9%48.1%73.4%24.1%0.0%-20.1%-67.0%11.1K-35.1M-12.9K0.000.47N/AN/A01830,5026,776
2024-04-30$11.70$0.50373.8%107.2%70.8%71.5%0.0%-3.2%-266.7%11.4K-35.0M-12.7K0.0011.46N/AN/A01830,5026,776