VSAT Options History — April 2023

In April 2023, VSAT traded between $32.62 and $35.91. ATM implied volatility averaged 46.7%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded below realized volatility by 4.1% (HV 20d: 50.8%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 3.78.

Notable Days

2023-04-11: Highest Volume — 131 contracts
2023-04-04: Largest IV drop — 17.6% change
2023-04-13: Highest IV Rank — 42.4%
2023-04-10: Largest Expected Move — 16.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$34.16	$32.62	$35.91	$34.45	$34.77
Max Pain	$35.00	$35.00	$35.00	$35.00	$35.00
ATM IV	46.7%	34.9%	56.6%	51.2%	41.1%
Expected Move	13.9%	10.0%	16.7%	14.7%	11.8%
HV 20d	50.8%	43.0%	57.3%	57.3%	44.9%
HV 60d	62.9%	61.6%	63.7%	62.9%	63.3%
IV Rank	22.7%	0.0%	42.4%	30.5%	12.2%
IV Percentile	20.1%	0.0%	59.1%	35.3%	2.0%
Term Structure	1.3%	-9.0%	16.2%	-9.0%	10.3%
VWIV	46.7%	33.3%	56.8%	51.2%	41.1%
Skew 25d	2.1%	-13.7%	17.2%	-9.0%	-2.4%
Skew 10d	0.5%	-24.1%	17.7%	-15.0%	-3.7%
Call IV 25d	45.5%	34.3%	54.2%	46.4%	37.4%
Put IV 25d	47.6%	33.6%	56.7%	37.3%	35.1%
Bid-Ask Spread %	94.58	82.00	111.83	98.53	99.86
Gamma HHI	0.21	0.18	0.26	0.19	0.24
Net GEX	23.9K	3.5K	61.7K	7.7K	50.3K
Net DEX	-1.4M	-2.9M	-430.6K	-1.3M	-1.8M
Net VEX	-17.9K	-19.7K	-16.7K	-19.5K	-17.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.78	0.19	30.00	2.00	0.24
Total Volume	51.105	10	131	15	46
Total OI	3,743	3,400	4,186	3,792	3,495

Daily Data (19 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
2023-04-03	$34.45	$35.00	51.2%	14.7%	57.3%	30.5%	51.2%	-9.0%	-9.0%	7.7K	-1.3M	-19.5K	2.00	98.53	N/A	N/A	5	10	1,782	2,010
2023-04-04	$33.85	$35.00	42.2%	12.1%	56.9%	7.6%	41.9%	-13.7%	-2.8%	5.5K	-901.6K	-19.7K	1.63	106.71	N/A	N/A	27	44	1,785	1,988
2023-04-05	$33.77	$35.00	34.9%	10.0%	56.0%	0.0%	43.0%	5.2%	16.2%	3.5K	-1.4M	-18.4K	30.00	111.83	N/A	N/A	1	30	1,787	2,008
2023-04-06	$34.20	$35.00	40.3%	13.6%	56.1%	10.7%	0.0%	11.7%	2.8%	7.3K	-1.2M	-19.0K	5.00	86.18	N/A	N/A	2	10	1,787	1,980
2023-04-10	$34.22	$35.00	37.9%	16.7%	54.7%	5.9%	0.0%	3.8%	-4.6%	5.5K	-1.2M	-18.2K	2.86	92.38	N/A	N/A	7	20	1,790	1,972
2023-04-11	$34.98	$35.00	41.4%	14.1%	52.2%	12.7%	48.6%	5.2%	-8.6%	19.5K	-1.8M	-18.3K	1.18	92.00	N/A	N/A	60	71	1,796	1,952
2023-04-12	$35.26	$35.00	48.5%	13.9%	51.4%	26.6%	49.1%	-8.2%	-2.1%	27.3K	-2.0M	-17.8K	1.25	94.68	N/A	N/A	28	35	1,834	1,949
2023-04-13	$34.66	$35.00	56.6%	16.2%	48.6%	42.4%	0.0%	2.0%	-5.5%	17.1K	-1.7M	-17.8K	0.50	90.66	N/A	N/A	32	16	1,834	1,981
2023-04-14	$33.11	$35.00	46.9%	13.4%	51.1%	23.5%	46.9%	2.4%	5.6%	5.7K	-719.4K	-17.2K	1.32	89.36	N/A	N/A	34	45	1,849	1,977
2023-04-17	$33.89	$35.00	45.8%	13.1%	51.5%	21.3%	33.3%	15.7%	5.4%	18.9K	-960.2K	-17.6K	0.80	98.21	N/A	N/A	49	39	1,870	1,976
2023-04-18	$32.95	$35.00	48.6%	13.9%	52.2%	26.7%	0.0%	-2.3%	-1.6%	6.8K	-430.6K	-16.8K	0.93	89.00	N/A	N/A	15	14	1,908	2,003
2023-04-19	$33.58	$35.00	52.9%	15.2%	51.4%	35.2%	54.0%	9.7%	-1.4%	22.1K	-904.0K	-16.7K	0.00	96.65	N/A	N/A	0	10	1,923	1,995
2023-04-20	$34.60	$35.00	50.4%	14.4%	51.4%	30.2%	33.5%	17.2%	4.4%	24.5K	-1.6M	-16.7K	0.24	97.29	N/A	N/A	98	24	1,933	1,991
2023-04-21	$35.91	$35.00	47.3%	13.6%	43.0%	24.3%	41.1%	-1.7%	-7.0%	61.7K	-2.9M	-18.3K	0.83	95.72	N/A	N/A	30	25	2,175	2,011
2023-04-24	$35.42	$35.00	52.8%	15.1%	43.3%	35.0%	50.3%	-4.8%	1.0%	54.5K	-2.3M	-18.3K	0.48	82.00	N/A	N/A	27	13	1,970	1,430
2023-04-25	$33.34	$35.00	53.4%	15.3%	49.3%	36.2%	56.8%	2.5%	-0.2%	44.8K	-1.3M	-16.9K	16.67	93.40	N/A	N/A	3	50	1,987	1,432
2023-04-26	$32.62	$35.00	47.9%	13.7%	46.5%	25.5%	54.5%	4.8%	11.9%	32.5K	-980.6K	-17.5K	1.86	95.92	N/A	N/A	7	13	1,989	1,481
2023-04-27	$33.53	$35.00	47.5%	13.6%	46.9%	24.7%	55.5%	2.4%	9.0%	38.2K	-1.3M	-17.1K	0.19	86.60	N/A	N/A	26	5	1,994	1,493
2023-04-28	$34.77	$35.00	41.1%	11.8%	44.9%	12.2%	41.1%	-2.4%	10.3%	50.3K	-1.8M	-17.5K	0.24	99.86	N/A	N/A	37	9	1,997	1,498