VTWG Options History — January 2022

In January 2022, VTWG traded between $172.72 and $215.17. ATM implied volatility averaged 28.9%, placing in the 54.9% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 3.4% (HV 20d: 25.6%). Max pain ranged from $190.00 to $205.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.58.

Notable Days

2022-01-03: Highest Volume — 17 contracts
2022-01-24: Largest IV spike — 43.6% change
2022-01-25: Highest IV Rank — 100.0%
2022-01-28: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$192.69	$172.72	$215.17	$215.17	$182.90
Max Pain	$197.50	$190.00	$205.00	$205.00	$190.00
ATM IV	28.9%	18.4%	44.7%	20.2%	31.1%
Expected Move	8.5%	5.3%	12.8%	5.8%	8.9%
HV 20d	25.6%	22.5%	31.3%	27.1%	31.3%
HV 60d	25.4%	23.1%	27.7%	23.1%	27.7%
IV Rank	54.9%	15.1%	100.0%	19.6%	58.3%
IV Percentile	71.5%	19.0%	100.0%	30.6%	91.3%
Term Structure	-0.9%	-17.2%	6.1%	4.2%	-3.7%
VWIV	27.8%	20.1%	35.3%	22.4%	25.4%
Skew 25d	6.8%	-7.5%	18.0%	-0.5%	8.2%
Skew 10d	5.8%	-5.8%	12.8%	-0.8%	10.6%
Call IV 25d	23.2%	16.7%	36.0%	20.0%	25.6%
Put IV 25d	30.0%	19.5%	44.0%	19.5%	33.8%
Bid-Ask Spread %	114.14	95.88	135.40	131.96	124.05
Gamma HHI	0.50	0.37	0.69	0.51	0.58
Net GEX	-1.6K	-11.3K	23.2K	19.1K	-6.7K
Net DEX	206.7K	-201.2K	356.5K	-201.2K	351.5K
Net VEX	-1.0K	-2.5K	-297	-2.5K	-346
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.43	1.83	1.83	0.43
Total Volume	9.4	7	17	17	10
Total OI	73.3	72	75	73	75

Daily Data (20 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
2022-01-03	$215.17	$205.00	20.2%	5.8%	27.1%	19.6%	22.4%	-0.5%	4.2%	19.1K	-201.2K	-2.5K	1.83	131.96	N/A	N/A	6	11	50	23
2022-01-04	$213.46	$205.00	18.4%	5.3%	26.1%	15.1%	20.1%	-0.3%	3.2%	23.2K	-55.3K	-1.9K	0.50	135.40	N/A	N/A	6	3	50	23
2022-01-05	$204.93	$205.00	20.2%	5.8%	27.3%	19.5%	28.9%	-7.5%	0.8%	5.7K	53.9K	-1.8K	0.50	135.03	N/A	N/A	6	3	50	24
2022-01-06	$204.67	$0.00	21.5%	7.4%	26.9%	22.8%	0.0%	8.6%	0.6%	3.9K	115.3K	-1.6K	0.50	106.71	N/A	N/A	6	3	50	24
2022-01-07	$201.30	$0.00	19.4%	7.4%	25.9%	17.5%	0.0%	7.4%	-0.9%	-2.6K	156.4K	-1.3K	0.50	106.71	N/A	N/A	6	3	50	24
2022-01-10	$198.64	$0.00	25.2%	7.7%	26.0%	31.8%	0.0%	9.2%	0.5%	-3.7K	203.3K	-1.2K	0.50	101.98	N/A	N/A	6	3	50	23
2022-01-11	$202.55	$0.00	20.2%	6.3%	27.1%	28.6%	0.0%	10.8%	0.2%	2.7K	149.2K	-1.4K	0.50	101.62	N/A	N/A	6	3	50	23
2022-01-12	$201.31	$0.00	26.9%	7.7%	26.9%	52.4%	0.0%	4.7%	-5.1%	-3.2K	170.0K	-1.2K	0.50	115.69	N/A	N/A	6	3	50	23
2022-01-13	$198.53	$0.00	27.7%	7.9%	26.3%	55.1%	0.0%	5.9%	-4.0%	2.1K	76.4K	-1.7K	0.50	107.00	N/A	N/A	6	3	50	23
2022-01-14	$196.54	$0.00	27.5%	7.9%	24.7%	54.3%	0.0%	5.6%	-1.6%	-7.8K	246.6K	-981	0.50	95.88	N/A	N/A	6	3	50	23
2022-01-18	$189.70	$0.00	31.9%	9.2%	26.6%	70.1%	0.0%	6.7%	-8.0%	-6.3K	226.6K	-978	0.50	102.42	N/A	N/A	6	3	50	23
2022-01-19	$187.34	$0.00	28.3%	8.1%	26.3%	57.2%	0.0%	4.1%	4.0%	-11.2K	300.3K	-645	0.50	109.68	N/A	N/A	6	3	50	23
2022-01-20	$185.00	$0.00	26.9%	7.7%	23.8%	52.4%	0.0%	9.5%	6.1%	-11.3K	301.3K	-612	0.50	113.30	N/A	N/A	6	3	50	23
2022-01-21	$181.45	$0.00	27.7%	7.9%	23.4%	55.1%	0.0%	3.9%	-1.8%	-6.9K	342.3K	-468	0.50	127.08	N/A	N/A	6	3	50	23
2022-01-24	$183.26	$0.00	39.8%	11.4%	22.9%	97.9%	0.0%	8.3%	5.7%	-8.2K	335.9K	-473	0.75	117.05	N/A	N/A	4	3	49	23
2022-01-25	$181.35	$0.00	40.4%	11.6%	22.5%	100.0%	0.0%	18.0%	1.6%	-6.8K	337.0K	-484	0.75	108.94	N/A	N/A	4	3	49	23
2022-01-26	$178.35	$0.00	37.5%	10.8%	22.6%	89.9%	35.3%	4.3%	-1.6%	-5.5K	335.0K	-472	0.43	113.15	N/A	N/A	7	3	49	23
2022-01-27	$172.72	$190.00	43.2%	12.4%	23.9%	100.0%	29.2%	18.0%	-17.2%	-3.7K	333.3K	-398	0.43	111.65	N/A	N/A	7	3	52	23
2022-01-28	$174.73	$190.00	44.7%	12.8%	24.1%	100.0%	33.0%	11.6%	-1.2%	-3.8K	356.5K	-297	0.43	117.54	N/A	N/A	7	3	52	23
2022-01-31	$182.90	$190.00	31.1%	8.9%	31.3%	58.3%	25.4%	8.2%	-3.7%	-6.7K	351.5K	-346	0.43	124.05	N/A	N/A	7	3	52	23