VTWG Options History — February 2021

In February 2021, VTWG traded between $224.41 and $245.47. ATM implied volatility averaged 25.8%. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 0.7% (HV 20d: 25.1%). Max pain ranged from $220.00 to $230.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.20.

Notable Days

  • 2021-02-22: Highest Volume — 41 contracts
  • 2021-02-08: Largest IV spike — 71.9% change
  • 2021-02-26: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$235.13$224.41$245.47$224.41$227.62
Max Pain$225.53$220.00$230.00$220.00$225.00
ATM IV25.8%18.4%31.8%25.1%31.8%
Expected Move7.2%5.2%9.1%7.2%9.1%
HV 20d25.1%23.0%28.7%25.8%28.7%
HV 60d20.5%19.4%23.3%19.7%23.3%
Term Structure2.4%-3.0%11.1%5.6%0.1%
VWIV26.8%21.4%38.1%22.6%25.0%
Skew 25d6.3%-3.6%12.7%2.5%5.3%
Skew 10d6.7%-0.3%17.5%5.8%4.7%
Call IV 25d22.0%16.2%28.4%25.8%27.8%
Put IV 25d28.3%19.9%37.1%28.3%33.1%
Bid-Ask Spread %116.18109.49139.94136.42114.65
Gamma HHI0.300.130.580.500.30
Net GEX22.0K6.0K49.4K17.4K47.9K
Net DEX-554.2K-722.5K-282.5K-282.5K-631.7K
Net VEX-1.3K-2.7K-781-815-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.002.000.000.00
Total Volume4.47404100
Total OI46.78927822782

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$224.41$220.0025.1%7.2%25.8%0.0%0.0%2.5%5.6%17.4K-282.5K-8150.00136.42N/AN/A00225
2021-02-02$228.96$220.0020.1%5.8%25.3%0.0%0.0%7.0%11.1%14.8K-346.4K-7940.00139.94N/AN/A00225
2021-02-03$228.86$220.0019.4%5.6%25.2%0.0%0.0%7.3%5.0%14.0K-362.3K-7810.00138.87N/AN/A40225
2021-02-04$233.47$230.0021.9%6.7%24.8%0.0%0.0%4.9%1.1%21.5K-463.2K-7832.00112.47N/AN/A24265
2021-02-05$237.61$230.0018.4%5.2%23.7%0.0%0.0%1.9%5.5%9.8K-529.9K-8600.00111.06N/AN/A00286
2021-02-08$243.06$230.0031.7%5.5%24.6%0.0%22.6%-3.6%4.5%11.7K-608.1K-8680.00112.88N/AN/A20306
2021-02-09$245.47$230.0024.8%6.7%24.5%0.0%0.0%0.3%3.3%6.0K-617.7K-8990.00110.32N/AN/A70306
2021-02-10$242.60$230.0026.4%7.6%24.9%0.0%33.2%4.2%-0.3%19.8K-666.0K-1.1K0.00109.49N/AN/A01376
2021-02-11$242.42$225.0024.3%7.0%24.9%0.0%21.4%4.1%7.0%21.9K-665.8K-1.0K0.00110.33N/AN/A10377
2021-02-12$242.19$225.0027.4%7.8%24.0%0.0%24.1%12.7%-0.1%23.0K-669.3K-1.1K0.00110.96N/AN/A20387
2021-02-16$239.78$225.0027.3%7.8%23.2%0.0%38.1%6.1%0.4%22.3K-627.9K-9950.00111.37N/AN/A02377
2021-02-17$237.24$225.0028.5%8.2%23.0%0.0%0.0%10.9%-0.3%21.6K-565.1K-1.0K0.00111.58N/AN/A50379
2021-02-18$234.26$225.0024.5%7.0%23.5%0.0%23.1%3.9%4.2%23.9K-574.3K-1.4K0.00113.44N/AN/A20429
2021-02-19$238.06$225.0026.3%7.5%24.0%0.0%0.0%12.1%-1.9%9.0K-630.7K-1.3K0.00110.69N/AN/A00449
2021-02-22$232.81$225.0026.0%7.5%25.5%0.0%0.0%11.8%0.2%8.7K-367.9K-1.4K0.03111.47N/AN/A401278
2021-02-23$230.00$225.0026.2%7.5%25.8%0.0%0.0%12.5%2.2%41.8K-617.8K-2.6K0.00113.41N/AN/A00679
2021-02-24$233.92$225.0029.1%8.4%26.5%0.0%0.0%7.6%-3.0%49.4K-722.5K-2.6K0.00112.66N/AN/A00679
2021-02-25$224.73$225.0030.3%8.7%28.4%0.0%25.0%8.7%1.3%33.6K-580.7K-2.6K0.00115.51N/AN/A120679
2021-02-26$227.62$225.0031.8%9.1%28.7%0.0%0.0%5.3%0.1%47.9K-631.7K-2.7K0.00114.65N/AN/A00739