VTWG Options History — April 2022

In April 2022, VTWG traded between $164.00 and $189.69. ATM implied volatility averaged 28.7%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 2.5% (HV 20d: 31.2%). Max pain ranged from $181.00 to $192.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.12.

Notable Days

2022-04-28: Highest Volume — 69 contracts
2022-04-11: Largest IV spike — 46.4% change
2022-04-11: Highest IV Rank — 80.3%
2022-04-12: Largest Expected Move — 9.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$177.02	$164.00	$189.69	$187.44	$164.00
Max Pain	$189.25	$181.00	$192.00	$192.00	$181.00
ATM IV	28.7%	19.5%	42.5%	28.6%	28.4%
Expected Move	7.8%	5.6%	9.7%	7.1%	8.1%
HV 20d	31.2%	27.8%	35.4%	34.8%	29.4%
HV 60d	32.6%	32.1%	33.5%	32.5%	32.5%
IV Rank	43.8%	19.3%	80.3%	43.5%	43.0%
IV Percentile	73.1%	24.2%	98.4%	81.3%	74.6%
Term Structure	1.4%	-9.7%	8.4%	-2.8%	8.4%
VWIV	29.2%	26.3%	35.8%	27.3%	35.0%
Skew 25d	2.2%	-9.0%	9.9%	9.9%	-9.0%
Skew 10d	2.8%	-5.1%	10.9%	9.5%	-5.1%
Call IV 25d	25.9%	22.0%	37.5%	25.0%	37.5%
Put IV 25d	28.2%	22.0%	34.9%	34.9%	28.5%
Bid-Ask Spread %	108.89	74.16	129.82	74.16	120.52
Gamma HHI	0.41	0.24	0.63	0.62	0.48
Net GEX	19.3K	3.9K	41.1K	31.0K	19.6K
Net DEX	-120.2K	-294.2K	-18.9K	-256.1K	-74.0K
Net VEX	-736	-997	-461	-997	-710
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.12	0.00	0.50	0.12	0.05
Total Volume	33.45	9	69	28	69
Total OI	39	17	77	35	77

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
2022-04-01	$187.44	$0.00	28.6%	7.1%	34.8%	43.5%	0.0%	9.9%	-2.8%	31.0K	-256.1K	-997	0.12	74.16	N/A	N/A	25	3	32	3
2022-04-04	$189.69	$0.00	28.5%	6.5%	33.9%	43.4%	0.0%	4.1%	0.2%	34.2K	-294.2K	-958	0.12	85.88	N/A	N/A	25	3	32	3
2022-04-05	$184.63	$0.00	23.4%	7.5%	35.4%	29.9%	0.0%	-1.3%	-8.9%	32.8K	-268.4K	-931	0.12	101.18	N/A	N/A	25	3	32	3
2022-04-06	$181.82	$0.00	29.3%	8.9%	34.9%	45.4%	0.0%	-2.1%	5.2%	25.0K	-139.5K	-826	0.12	97.19	N/A	N/A	25	3	32	3
2022-04-07	$181.49	$0.00	31.1%	7.7%	34.7%	50.1%	0.0%	1.3%	5.1%	22.2K	-124.2K	-780	0.12	99.17	N/A	N/A	25	3	32	3
2022-04-08	$179.69	$0.00	29.0%	7.6%	34.3%	44.7%	0.0%	-1.4%	4.1%	18.0K	-102.5K	-741	0.12	95.64	N/A	N/A	25	3	32	3
2022-04-11	$177.75	$0.00	42.5%	8.1%	31.9%	80.3%	0.0%	3.8%	3.0%	13.4K	-81.1K	-673	0.12	100.13	N/A	N/A	25	3	32	3
2022-04-12	$177.26	$0.00	37.1%	9.7%	31.1%	66.1%	0.0%	5.5%	-9.7%	15.3K	-97.7K	-679	0.09	101.01	N/A	N/A	35	3	32	3
2022-04-13	$181.58	$0.00	29.7%	8.5%	30.0%	46.4%	0.0%	0.9%	-0.6%	41.1K	-175.8K	-713	0.09	111.59	N/A	N/A	34	3	42	3
2022-04-14	$178.55	$0.00	22.0%	6.3%	28.4%	25.9%	0.0%	-0.8%	6.9%	29.5K	-135.5K	-655	0.09	119.58	N/A	N/A	34	3	42	3
2022-04-18	$175.59	$0.00	26.4%	7.6%	27.8%	37.8%	0.0%	1.9%	2.0%	3.9K	-52.5K	-588	0.50	108.01	N/A	N/A	6	3	14	3
2022-04-19	$180.81	$0.00	20.4%	5.8%	29.3%	21.8%	27.3%	1.5%	1.6%	4.2K	-56.0K	-590	0.12	118.35	N/A	N/A	26	3	14	3
2022-04-20	$180.48	$192.00	19.5%	5.6%	28.4%	19.3%	26.3%	-0.2%	2.6%	21.6K	-133.2K	-881	0.12	129.82	N/A	N/A	26	3	34	3
2022-04-21	$175.14	$192.00	22.7%	6.5%	29.6%	27.9%	26.8%	-3.1%	5.0%	15.3K	-104.1K	-813	0.12	124.30	N/A	N/A	26	3	34	3
2022-04-22	$171.24	$192.00	30.1%	8.6%	30.1%	47.6%	26.4%	6.1%	4.7%	10.8K	-73.3K	-711	0.12	124.59	N/A	N/A	26	3	34	3
2022-04-25	$172.92	$192.00	28.7%	8.2%	30.5%	43.8%	26.5%	6.7%	-1.3%	8.7K	-45.5K	-589	0.12	115.54	N/A	N/A	26	3	34	3
2022-04-26	$166.46	$192.00	31.5%	9.0%	32.7%	51.2%	30.3%	7.2%	0.4%	5.2K	-27.8K	-516	0.12	114.42	N/A	N/A	26	3	34	3
2022-04-27	$165.49	$192.00	31.2%	9.0%	28.1%	50.5%	35.8%	5.6%	-0.2%	5.3K	-18.9K	-461	0.00	122.91	N/A	N/A	40	0	34	3
2022-04-28	$168.35	$181.00	33.6%	9.6%	28.4%	56.6%	28.2%	8.0%	1.3%	28.8K	-143.4K	-914	0.05	113.88	N/A	N/A	66	3	74	3
2022-04-29	$164.00	$181.00	28.4%	8.1%	29.4%	43.0%	35.0%	-9.0%	8.4%	19.6K	-74.0K	-710	0.05	120.52	N/A	N/A	66	3	74	3