VTWG Options History — February 2022

In February 2022, VTWG traded between $174.74 and $190.24. ATM implied volatility averaged 29.3%, placing in the 52.7% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded below realized volatility by 3.1% (HV 20d: 32.4%). Max pain ranged from $190.00 to $220.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.45.

Notable Days

2022-02-25: Highest Volume — 13 contracts
2022-02-24: Largest IV drop — 30.5% change
2022-02-23: Highest IV Rank — 77.9%
2022-02-23: Largest Expected Move — 10.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$183.79	$174.74	$190.24	$185.82	$184.20
Max Pain	$216.58	$190.00	$220.00	$190.00	$215.00
ATM IV	29.3%	22.2%	37.5%	26.4%	30.1%
Expected Move	8.6%	7.5%	10.8%	7.6%	8.6%
HV 20d	32.4%	30.2%	35.4%	32.1%	33.7%
HV 60d	29.3%	27.9%	31.1%	28.0%	30.8%
IV Rank	52.7%	30.8%	77.9%	43.6%	55.1%
IV Percentile	83.2%	43.7%	95.6%	74.6%	88.1%
Term Structure	-0.0%	-9.5%	10.5%	2.5%	7.7%
VWIV	27.9%	21.7%	38.1%	21.7%	28.1%
Skew 25d	9.1%	-0.1%	15.2%	1.1%	10.6%
Skew 10d	5.6%	-0.7%	11.0%	7.2%	2.0%
Call IV 25d	23.6%	18.4%	33.9%	24.2%	25.1%
Put IV 25d	32.7%	25.3%	38.3%	25.3%	35.7%
Bid-Ask Spread %	112.55	102.62	132.48	132.14	120.84
Gamma HHI	0.57	0.36	0.95	0.49	0.54
Net GEX	-6.3K	-10.0K	-2.0K	-6.7K	-6.1K
Net DEX	343.9K	306.5K	383.1K	326.4K	334.2K
Net VEX	-331	-498	-94	-465	-349
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.30	0.75	0.43	0.30
Total Volume	10	7	13	10	13
Total OI	74.684	72	78	75	78

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
2022-02-01	$185.82	$190.00	26.4%	7.6%	32.1%	43.6%	21.7%	1.1%	2.5%	-6.7K	326.4K	-465	0.43	132.14	N/A	N/A	7	3	52	23
2022-02-02	$184.26	$190.00	27.0%	7.7%	32.1%	45.5%	22.7%	-0.1%	5.9%	-9.2K	328.0K	-414	0.43	132.48	N/A	N/A	7	3	52	23
2022-02-03	$179.95	$220.00	31.4%	9.7%	30.2%	59.1%	22.9%	10.5%	-9.5%	-4.2K	368.5K	-231	0.43	105.56	N/A	N/A	7	3	52	23
2022-02-04	$182.43	$220.00	28.6%	9.1%	31.0%	50.4%	31.5%	9.7%	-5.2%	-6.0K	345.4K	-380	0.43	106.84	N/A	N/A	7	3	52	23
2022-02-07	$183.00	$220.00	29.6%	9.0%	30.9%	53.6%	27.5%	13.4%	-5.6%	-6.1K	358.6K	-312	0.43	104.46	N/A	N/A	7	3	52	23
2022-02-08	$185.55	$220.00	22.2%	8.1%	31.4%	30.8%	26.6%	15.2%	-1.3%	-5.9K	363.6K	-288	0.43	108.73	N/A	N/A	7	3	52	23
2022-02-09	$190.24	$220.00	26.6%	7.6%	32.0%	44.5%	26.1%	11.2%	-1.2%	-10.0K	310.4K	-449	0.43	112.12	N/A	N/A	7	3	52	23
2022-02-10	$186.87	$220.00	28.6%	8.2%	32.4%	50.4%	23.0%	11.0%	-4.3%	-4.3K	319.3K	-448	0.43	102.62	N/A	N/A	7	3	52	23
2022-02-11	$183.56	$220.00	30.9%	8.9%	32.6%	57.6%	25.2%	7.3%	-1.3%	-5.1K	344.3K	-340	0.43	106.97	N/A	N/A	7	3	52	23
2022-02-14	$183.95	$220.00	31.5%	9.0%	32.6%	59.4%	31.1%	9.9%	-2.8%	-2.0K	306.5K	-498	0.43	109.12	N/A	N/A	7	3	52	23
2022-02-15	$188.96	$220.00	27.7%	7.9%	31.9%	47.8%	28.6%	14.9%	-2.1%	-8.3K	338.7K	-315	0.43	109.46	N/A	N/A	7	3	52	23
2022-02-16	$189.29	$220.00	26.3%	7.6%	31.6%	43.6%	26.5%	10.1%	-0.3%	-9.4K	334.8K	-320	0.43	109.21	N/A	N/A	7	3	52	23
2022-02-17	$183.90	$220.00	29.1%	8.4%	33.0%	52.2%	24.8%	12.0%	7.2%	-7.1K	342.4K	-300	0.43	109.52	N/A	N/A	7	3	52	23
2022-02-18	$181.01	$220.00	33.0%	9.5%	32.7%	64.0%	28.9%	7.8%	1.1%	-5.6K	338.0K	-334	0.43	112.63	N/A	N/A	7	3	52	23
2022-02-22	$179.66	$220.00	33.7%	9.7%	32.6%	66.2%	35.4%	14.0%	4.3%	-7.1K	381.2K	-156	0.75	114.09	N/A	N/A	4	3	49	23
2022-02-23	$174.74	$220.00	37.5%	10.8%	33.8%	77.9%	30.7%	6.6%	-3.9%	-5.1K	383.1K	-94	0.75	112.14	N/A	N/A	4	3	49	23
2022-02-24	$180.50	$220.00	26.1%	7.5%	35.4%	42.8%	38.1%	7.1%	10.5%	-6.4K	382.9K	-145	0.43	119.31	N/A	N/A	7	3	49	23
2022-02-25	$184.03	$220.00	30.5%	8.7%	33.8%	56.3%	30.4%	1.2%	-2.4%	-5.5K	327.2K	-452	0.30	110.31	N/A	N/A	10	3	52	23
2022-02-28	$184.20	$215.00	30.1%	8.6%	33.7%	55.1%	28.1%	10.6%	7.7%	-6.1K	334.2K	-349	0.30	120.84	N/A	N/A	10	3	55	23