VSAT Options History — March 2022

In March 2022, VSAT traded between $45.56 and $51.40. ATM implied volatility averaged 48.6%, placing in the 49.3% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded below realized volatility by 3.2% (HV 20d: 51.8%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 2.45.

Notable Days

2022-03-14: Highest Volume — 2,723 contracts
2022-03-24: Largest IV spike — 45.6% change
2022-03-07: Highest IV Rank — 76.8%
2022-03-07: Largest Expected Move — 18.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.69	$45.56	$51.40	$45.56	$48.92
Max Pain	$48.04	$45.00	$50.00	$45.00	$50.00
ATM IV	48.6%	31.9%	62.9%	58.3%	35.9%
Expected Move	14.3%	10.3%	18.0%	16.7%	10.3%
HV 20d	51.8%	42.5%	58.3%	49.7%	50.5%
HV 60d	43.7%	40.2%	45.3%	41.7%	44.8%
IV Rank	49.3%	17.0%	76.8%	68.0%	24.7%
IV Percentile	66.5%	1.2%	98.4%	94.4%	8.3%
Term Structure	1.0%	-5.4%	6.7%	-5.0%	4.4%
VWIV	50.9%	40.6%	64.1%	55.4%	40.6%
Skew 25d	3.1%	-10.3%	16.0%	9.3%	0.6%
Skew 10d	11.6%	-8.6%	27.1%	22.9%	25.6%
Call IV 25d	48.1%	37.9%	56.1%	52.0%	40.0%
Put IV 25d	51.3%	37.6%	66.0%	61.3%	40.6%
Bid-Ask Spread %	72.31	56.43	88.73	69.57	88.73
Gamma HHI	0.16	0.12	0.23	0.14	0.16
Net GEX	114.2K	-11.6K	209.1K	-11.6K	111.8K
Net DEX	-2.2M	-5.8M	2.4M	2.4M	-1.2M
Net VEX	-80.1K	-87.9K	-72.5K	-74.3K	-72.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.45	0.63	4.71	2.09	3.37
Total Volume	1,538.391	1,233	2,723	1,555	1,389
Total OI	11,079.696	10,337	12,188	10,337	11,097

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
2022-03-01	$45.56	$45.00	58.3%	16.7%	49.7%	68.0%	55.4%	9.3%	-5.0%	-11.6K	2.4M	-74.3K	2.09	69.57	N/A	N/A	503	1,052	5,534	4,803
2022-03-02	$47.60	$45.00	50.0%	14.3%	51.9%	51.9%	51.4%	7.6%	5.0%	9.6K	173.3K	-77.0K	2.02	59.16	N/A	N/A	526	1,065	5,596	4,803
2022-03-03	$46.29	$45.00	51.4%	14.7%	49.1%	54.7%	52.9%	16.0%	1.2%	22.3K	693.4K	-78.1K	2.52	82.46	N/A	N/A	422	1,065	5,769	4,828
2022-03-04	$45.60	$45.00	60.6%	17.4%	45.6%	72.5%	57.0%	10.7%	-5.4%	14.4K	1.7M	-78.4K	2.57	74.37	N/A	N/A	418	1,076	5,739	4,828
2022-03-07	$48.93	$45.00	62.9%	18.0%	42.5%	76.8%	61.3%	5.0%	4.8%	56.4K	-2.3M	-85.0K	1.67	71.79	N/A	N/A	627	1,049	5,751	4,807
2022-03-08	$51.40	$45.00	48.1%	15.9%	44.6%	48.4%	56.6%	3.1%	2.4%	119.5K	-5.6M	-87.6K	1.99	76.07	N/A	N/A	515	1,027	5,995	4,818
2022-03-09	$50.78	$45.00	49.7%	15.4%	45.3%	51.4%	54.4%	3.5%	-0.6%	113.6K	-5.2M	-85.2K	1.48	81.92	N/A	N/A	689	1,021	6,017	4,824
2022-03-10	$51.12	$45.00	52.7%	17.8%	45.2%	57.2%	59.1%	3.4%	-5.4%	139.1K	-5.8M	-87.9K	2.36	78.79	N/A	N/A	444	1,050	6,126	4,822
2022-03-11	$50.89	$45.00	54.7%	16.2%	45.4%	61.0%	64.1%	2.3%	-3.0%	139.2K	-5.4M	-86.3K	2.37	83.55	N/A	N/A	447	1,060	6,167	4,863
2022-03-14	$47.14	$50.00	57.9%	15.2%	54.8%	67.1%	54.9%	10.9%	-3.7%	64.3K	-790.2K	-79.9K	0.63	70.04	N/A	N/A	1,675	1,048	6,211	4,854
2022-03-15	$46.86	$50.00	55.8%	15.1%	54.4%	63.1%	52.8%	7.9%	-1.0%	139.3K	-1.2M	-81.7K	2.36	73.47	N/A	N/A	444	1,049	7,320	4,837
2022-03-16	$49.68	$50.00	44.9%	14.1%	57.2%	42.2%	51.4%	4.5%	5.8%	201.3K	-4.8M	-86.8K	2.27	67.23	N/A	N/A	463	1,050	7,290	4,847
2022-03-17	$49.92	$50.00	49.4%	13.2%	57.2%	50.7%	49.5%	4.7%	-3.6%	209.1K	-5.0M	-86.2K	2.17	63.65	N/A	N/A	482	1,045	7,280	4,853
2022-03-18	$49.53	$50.00	43.4%	12.9%	57.3%	39.2%	48.4%	5.8%	2.4%	206.8K	-4.2M	-84.4K	2.10	61.22	N/A	N/A	500	1,049	7,337	4,851
2022-03-21	$48.21	$50.00	45.1%	12.8%	58.3%	42.5%	45.8%	-4.9%	-1.1%	98.6K	-656.9K	-75.0K	2.29	56.43	N/A	N/A	439	1,007	6,335	4,486
2022-03-22	$48.95	$50.00	44.4%	12.3%	56.9%	41.1%	46.4%	-4.8%	-1.4%	138.5K	-2.0M	-78.5K	2.31	68.15	N/A	N/A	445	1,030	6,432	4,494
2022-03-23	$48.05	$50.00	31.9%	11.6%	55.9%	17.0%	44.9%	9.8%	6.6%	113.4K	-855.2K	-77.3K	2.15	70.36	N/A	N/A	472	1,016	6,489	4,504
2022-03-24	$47.79	$50.00	46.4%	13.2%	56.1%	45.0%	44.9%	-10.3%	6.7%	107.0K	-555.7K	-75.5K	1.93	77.58	N/A	N/A	520	1,004	6,510	4,505
2022-03-25	$49.02	$50.00	40.4%	13.0%	55.5%	33.4%	50.0%	-7.9%	4.1%	155.5K	-2.2M	-78.8K	2.10	68.42	N/A	N/A	479	1,004	6,514	4,509
2022-03-28	$49.01	$50.00	45.7%	12.9%	53.6%	43.6%	45.0%	-2.0%	0.9%	152.1K	-2.3M	-76.4K	4.18	76.06	N/A	N/A	241	1,008	6,526	4,509
2022-03-29	$49.48	$50.00	44.5%	12.7%	53.6%	41.3%	41.7%	-2.8%	2.9%	174.0K	-2.7M	-76.4K	4.71	60.85	N/A	N/A	216	1,017	6,549	4,523
2022-03-30	$49.13	$50.00	43.7%	13.5%	51.6%	39.8%	43.0%	-0.2%	5.6%	153.3K	-2.4M	-73.7K	4.67	83.19	N/A	N/A	218	1,017	6,557	4,524
2022-03-31	$48.92	$50.00	35.9%	10.3%	50.5%	24.7%	40.6%	0.6%	4.4%	111.8K	-1.2M	-72.5K	3.37	88.73	N/A	N/A	318	1,071	6,572	4,525