VTWG Options History — May 2023

In May 2023, VTWG traded between $159.48 and $167.06. ATM implied volatility averaged 21.4%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 2.9% (HV 20d: 18.5%). Max pain ranged from $158.00 to $168.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2023-05-22: Highest Volume — 7 contracts
2023-05-03: Largest IV spike — 28.2% change
2023-05-03: Highest IV Rank — 23.5%
2023-05-04: Largest Expected Move — 7.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$163.60	$159.48	$167.06	$163.55	$163.20
Max Pain	$159.36	$158.00	$168.00	$168.00	$158.00
ATM IV	21.4%	17.9%	24.9%	20.2%	21.4%
Expected Move	6.1%	5.1%	7.2%	5.8%	6.1%
HV 20d	18.5%	16.5%	20.3%	16.8%	17.2%
HV 60d	20.7%	20.2%	21.2%	20.2%	20.5%
IV Rank	15.4%	7.3%	23.5%	12.7%	15.5%
IV Percentile	23.8%	4.8%	44.8%	13.1%	28.2%
Term Structure	-0.0%	-2.4%	3.5%	-0.5%	-1.7%
VWIV	27.5%	27.5%	27.5%	27.5%	27.5%
Skew 25d	3.0%	-0.8%	12.2%	7.1%	0.6%
Skew 10d	6.4%	-1.0%	16.5%	13.2%	8.8%
Call IV 25d	19.9%	15.2%	25.5%	17.3%	25.5%
Put IV 25d	23.0%	18.8%	31.6%	24.5%	26.1%
Bid-Ask Spread %	135.86	117.09	150.44	147.49	143.08
Gamma HHI	0.85	0.79	1.00	0.86	0.81
Net GEX	9.3K	887	13.6K	9.1K	9.2K
Net DEX	-41.8K	-65.7K	-14.5K	-41.3K	-41.2K
Net VEX	-76	-129	-9	-105	-89
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.318	0	7	0	0
Total OI	7.682	1	8	8	8

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI
2023-05-01	$163.55	$168.00	20.2%	5.8%	16.8%	12.7%	0.0%	7.1%	-0.5%	9.1K	-41.3K	-105	147.49	N/A	N/A	0	8
2023-05-02	$160.57	$168.00	19.4%	5.6%	17.8%	10.8%	0.0%	3.6%	1.9%	8.5K	-34.4K	-93	149.93	N/A	N/A	0	8
2023-05-03	$161.84	$168.00	24.9%	7.1%	16.5%	23.5%	0.0%	12.1%	-2.4%	8.2K	-39.5K	-98	150.44	N/A	N/A	0	8
2023-05-04	$159.48	$158.00	23.1%	7.2%	17.1%	19.5%	0.0%	12.2%	-2.2%	6.2K	-27.1K	-77	117.09	N/A	N/A	0	8
2023-05-05	$163.48	$158.00	20.7%	6.0%	19.3%	13.7%	0.0%	2.5%	3.5%	9.5K	-36.3K	-87	131.50	N/A	N/A	0	8
2023-05-08	$163.13	$158.00	23.8%	6.0%	18.9%	21.0%	0.0%	0.4%	1.0%	9.7K	-41.6K	-81	132.04	N/A	N/A	0	8
2023-05-09	$162.82	$158.00	23.4%	6.1%	18.5%	20.1%	0.0%	0.9%	0.3%	9.6K	-37.0K	-74	124.58	N/A	N/A	0	8
2023-05-10	$164.17	$158.00	20.1%	5.8%	18.6%	12.4%	0.0%	3.5%	2.0%	11.1K	-45.9K	-77	133.90	N/A	N/A	0	8
2023-05-11	$162.26	$158.00	20.9%	6.0%	18.4%	14.3%	0.0%	1.1%	0.8%	9.1K	-32.8K	-63	132.80	N/A	N/A	0	8
2023-05-12	$161.84	$158.00	20.3%	5.8%	18.3%	13.0%	0.0%	4.3%	2.2%	8.6K	-30.0K	-56	129.19	N/A	N/A	0	8
2023-05-15	$164.10	$158.00	20.2%	5.8%	18.5%	12.6%	0.0%	1.3%	0.1%	12.1K	-39.5K	-53	132.75	N/A	N/A	0	8
2023-05-16	$162.23	$158.00	20.4%	5.8%	18.9%	13.1%	0.0%	4.0%	2.2%	9.0K	-32.2K	-43	136.66	N/A	N/A	0	8
2023-05-17	$164.84	$158.00	20.3%	5.8%	19.9%	12.8%	0.0%	4.5%	-0.5%	12.3K	-47.3K	-44	133.87	N/A	N/A	0	8
2023-05-18	$165.91	$158.00	19.3%	5.5%	19.9%	10.5%	0.0%	-0.1%	0.7%	13.6K	-56.3K	-34	138.35	N/A	N/A	0	8
2023-05-19	$165.19	$158.00	17.9%	5.1%	19.9%	7.3%	0.0%	3.5%	-1.3%	13.4K	-48.7K	-17	133.99	N/A	N/A	0	8
2023-05-22	$167.06	$158.00	19.7%	5.6%	20.3%	11.5%	27.5%	-0.1%	0.6%	887	-14.5K	-9	138.25	N/A	N/A	7	1
2023-05-23	$165.95	$158.00	21.7%	6.2%	18.5%	16.1%	0.0%	1.1%	-1.9%	9.3K	-65.7K	-129	137.92	N/A	N/A	0	8
2023-05-24	$164.25	$158.00	24.4%	7.0%	18.3%	22.5%	0.0%	4.3%	-0.7%	7.7K	-51.8K	-121	129.69	N/A	N/A	0	8
2023-05-25	$163.51	$158.00	23.1%	6.6%	18.2%	19.5%	0.0%	-0.2%	-0.9%	7.8K	-46.3K	-111	138.47	N/A	N/A	0	8
2023-05-26	$165.20	$158.00	23.4%	6.7%	18.2%	20.0%	0.0%	-0.8%	-2.1%	8.5K	-57.4K	-118	134.76	N/A	N/A	0	8
2023-05-30	$164.70	$158.00	21.8%	6.3%	18.2%	16.4%	0.0%	0.6%	-1.5%	10.2K	-53.3K	-101	142.27	N/A	N/A	0	8
2023-05-31	$163.20	$158.00	21.4%	6.1%	17.2%	15.5%	0.0%	0.6%	-1.7%	9.2K	-41.2K	-89	143.08	N/A	N/A	0	8