VRM Options History — May 2024

In May 2024, VRM traded between $10.86 and $15.45. ATM implied volatility averaged 313.5%, placing in the 42.4% IV rank vs the trailing year. The 30-day expected move averaged 92.4%. IV traded above realized volatility by 216.0% (HV 20d: 97.5%). 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 8 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2024-05-01: Highest Volume — 18 contracts
  • 2024-05-03: Largest IV spike — 194.4% change
  • 2024-05-03: Highest IV Rank — 100.0%
  • 2024-05-03: Largest Expected Move — 191.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.99$10.86$15.45$12.46$11.10
Max Pain$0.50$0.50$0.50$0.50$0.50
ATM IV313.5%118.5%668.1%249.8%148.4%
Expected Move92.4%34.0%191.5%71.6%42.6%
HV 20d97.5%68.5%110.2%69.7%100.7%
HV 60d178.8%161.9%192.1%187.8%161.9%
IV Rank42.4%9.1%100.0%42.9%14.1%
IV Percentile75.1%29.4%100.0%81.7%55.6%
Term Structure-14.4%-288.3%141.5%-247.3%94.9%
Skew 25d-60.5%-214.8%94.0%2.7%-0.6%
Skew 10d-60.5%-214.7%94.0%2.7%-0.6%
Call IV 25d204.0%130.4%243.4%130.4%243.1%
Put IV 25d143.5%28.7%242.6%133.1%242.5%
Bid-Ask Spread %12.940.44105.821.070.49
Gamma HHI0.180.150.640.160.16
Net GEX8.5K79810.9K8.9K8.3K
Net DEX-35.8M-46.5M-32.3M-37.5M-33.0M
Net VEX-15.0K-17.3K-279-9.2K-16.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume5.864018180
Total OI37,078.536,65537,27837,27836,655

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$12.46$0.50249.8%71.6%69.7%42.9%0.0%2.7%-247.3%8.9K-37.5M-9.2K0.001.07N/AN/A01830,5026,776
2024-05-02$12.45$0.50226.9%65.1%69.3%37.7%0.0%94.0%-65.1%7.9K-37.2M-15.7K0.000.44N/AN/A01830,5026,776
2024-05-03$13.10$0.50668.1%191.5%71.3%100.0%0.0%-131.2%0.0%10.3K-39.2M-15.1K0.0013.28N/AN/A01830,5026,776
2024-05-06$13.22$0.50630.1%180.6%68.5%93.7%0.0%-40.4%0.0%10.2K-39.5M-17.3K0.0025.29N/AN/A01830,5026,776
2024-05-07$15.45$0.50610.3%175.0%87.0%90.4%0.0%-25.2%0.0%9.6K-46.5M-13.8K0.007.72N/AN/A01830,5026,776
2024-05-08$13.13$0.50600.4%172.1%106.2%88.8%0.0%3.6%0.0%10.8K-39.2M-16.3K0.0011.19N/AN/A01830,5026,776
2024-05-09$12.40$0.50524.7%150.4%106.8%76.3%0.0%2.9%0.0%10.2K-37.0M-17.2K0.0026.51N/AN/A01830,5026,776
2024-05-10$13.03$0.50472.2%135.4%108.1%67.6%0.0%-6.8%-264.3%10.9K-39.1M-15.0K0.0051.19N/AN/A0030,5426,500
2024-05-13$12.28$0.50612.0%175.4%108.3%90.7%0.0%-78.2%-288.3%10.8K-36.8M-14.4K0.0033.40N/AN/A0030,5426,500
2024-05-14$12.21$0.50130.5%0.0%106.4%11.1%0.0%-16.8%0.0%10.6K-36.7M-12.3K0.003.25N/AN/A0030,5426,500
2024-05-15$11.16$0.50337.8%96.8%110.2%45.4%0.0%0.0%0.0%798-34.1M-2790.00105.82N/AN/A3030,5406,500
2024-05-16$11.35$0.50130.2%37.3%106.7%11.0%0.0%-0.9%113.9%8.0K-33.8M-16.9K0.000.48N/AN/A0030,5386,500
2024-05-17$11.39$0.50237.1%68.0%106.7%28.7%0.0%-213.9%9.8%7.4K-34.0M-16.5K0.000.48N/AN/A0030,5386,500
2024-05-20$11.38$0.50118.5%34.0%101.1%9.1%0.0%-0.6%141.5%8.1K-33.9M-17.0K0.000.48N/AN/A0030,5386,498
2024-05-21$11.61$0.50191.1%54.8%101.2%21.1%0.0%-213.3%-1.4%7.5K-34.6M-16.6K0.000.47N/AN/A0030,5386,498
2024-05-22$10.90$0.50188.7%54.1%103.5%20.7%0.0%-1.0%1.8%8.1K-32.4M-17.0K0.000.50N/AN/A0030,5386,498
2024-05-23$11.17$0.50192.3%55.1%104.0%21.3%0.0%-213.9%-3.5%7.7K-33.3M-16.6K0.000.49N/AN/A0030,5336,498
2024-05-24$10.99$0.50193.1%55.4%103.2%21.4%0.0%-1.1%-4.0%8.1K-32.7M-16.7K0.000.50N/AN/A0030,5326,498
2024-05-28$11.03$0.50143.6%41.2%103.1%13.3%0.0%-214.5%100.2%7.7K-32.8M-16.4K0.000.50N/AN/A0030,5326,498
2024-05-29$11.06$0.50145.2%41.6%103.1%13.5%0.0%-0.8%98.5%8.2K-32.9M-16.7K0.000.50N/AN/A0030,5326,498
2024-05-30$10.86$0.50145.8%41.8%100.2%13.6%0.0%-214.8%97.9%7.7K-32.3M-16.3K0.000.51N/AN/A0030,5326,123
2024-05-31$11.10$0.50148.4%42.6%100.7%14.1%0.0%-0.6%94.9%8.3K-33.0M-16.7K0.000.49N/AN/A0030,5326,123