VWO Options History — May 2013

In May 2013, VWO traded between $41.54 and $44.79. ATM implied volatility averaged 15.0%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 0.5% (HV 20d: 14.5%). Max pain ranged from $42.00 to $43.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 18.76.

Notable Days

  • 2013-05-24: Highest Volume — 162,278 contracts
  • 2013-05-09: Largest IV spike — 19.1% change
  • 2013-05-31: Highest IV Rank — 32.9%
  • 2013-05-31: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.64$41.54$44.79$43.30$41.54
Max Pain$42.36$42.00$43.00$42.00$43.00
ATM IV15.0%11.8%18.1%16.2%18.1%
Expected Move4.5%3.8%5.2%4.6%5.2%
HV 20d14.5%11.4%18.7%18.2%12.4%
HV 60d14.2%13.9%14.6%14.1%14.6%
IV Rank17.7%1.9%32.9%23.6%32.9%
IV Percentile28.6%1.6%54.4%33.3%54.4%
Term Structure0.5%-0.9%1.4%-0.1%-0.9%
VWIV16.5%14.1%22.1%16.6%19.9%
Skew 25d3.3%2.2%6.6%4.9%5.0%
Skew 10d8.9%1.7%12.8%11.9%2.7%
Call IV 25d14.5%10.0%17.1%13.2%17.1%
Put IV 25d17.8%15.1%22.2%18.1%22.2%
Bid-Ask Spread %93.0285.56100.3698.9991.66
Gamma HHI0.310.150.870.150.87
Net GEX-6.7M-58.4M10.3M3.2M-57.1M
Net DEX31.7M-52.6M415.9M-22.3M415.9M
Net VEX-478.6K-1.0M-352.6K-368.1K-965.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio18.760.26369.501.271.38
Total Volume8,619.273119162,2781774,114
Total OI81,634.95544,333211,20653,181211,206

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-05-01$43.30$42.0016.2%4.6%18.2%23.6%16.6%4.9%-0.1%3.2M-22.3M-368.1K1.2798.99N/AN/A789929,99223,189
2013-05-02$43.70$42.0014.5%4.2%18.4%15.2%14.4%6.6%0.8%3.7M-28.7M-370.0K0.4996.54N/AN/A803930,02723,258
2013-05-03$44.00$42.0013.3%3.8%18.5%9.4%14.1%2.4%1.0%4.3M-38.0M-358.3K0.59100.36N/AN/A22313230,08923,290
2013-05-06$44.05$42.0012.9%4.2%18.5%7.3%15.0%3.0%0.6%4.3M-38.1M-352.6K0.5586.01N/AN/A44924830,19323,329
2013-05-07$44.40$42.0012.5%4.1%18.3%5.2%14.1%2.2%0.9%4.6M-45.4M-354.3K0.2689.19N/AN/A41510730,53523,549
2013-05-08$44.79$42.0011.8%4.0%18.4%1.9%14.2%3.2%0.6%5.0M-52.6M-353.9K6.0691.89N/AN/A2591,57030,84023,615
2013-05-09$44.44$42.0014.1%4.3%18.7%13.1%14.5%2.9%0.7%4.7M-46.3M-367.8K6.0091.47N/AN/A10160630,97224,435
2013-05-10$44.27$42.0013.8%4.5%18.1%11.8%18.4%3.3%0.4%4.5M-42.1M-366.8K4.7193.25N/AN/A14668731,03024,921
2013-05-13$43.87$42.0015.6%4.6%15.2%20.9%22.1%3.1%0.8%4.4M-34.2M-365.4K8.7691.78N/AN/A1511,32231,11625,392
2013-05-14$44.08$42.0014.8%4.6%13.5%16.9%16.8%2.9%0.2%4.6M-38.3M-360.6K0.6995.95N/AN/A17311931,13625,338
2013-05-15$44.05$42.0014.0%4.4%12.0%13.0%15.8%3.1%0.4%4.5M-37.3M-357.3K2.0196.75N/AN/A16432931,24825,431
2013-05-16$43.87$42.0015.4%4.4%12.3%19.7%18.6%2.5%0.2%4.9M-34.8M-354.6K0.7998.77N/AN/A3,9853,15031,26625,395
2013-05-17$44.02$42.0014.5%4.2%11.5%15.2%14.9%3.0%1.1%10.3M-37.3M-359.9K0.8795.34N/AN/A52645731,69925,366
2013-05-20$44.12$42.0014.4%4.1%11.5%14.7%14.7%3.0%0.9%2.2M-15.5M-353.2K1.5085.56N/AN/A1,5342,30623,21821,115
2013-05-21$44.09$43.0014.4%4.1%11.5%14.6%15.1%2.8%1.4%2.1M-14.7M-374.7K0.6192.43N/AN/A1489024,62923,268
2013-05-22$43.59$43.0015.8%4.5%12.3%21.7%16.6%2.4%0.1%1.4M-7.3M-371.1K0.9791.80N/AN/A21220624,70523,350
2013-05-23$43.27$43.0016.3%4.7%12.3%24.3%18.2%3.2%0.5%913.5K169.5K-368.8K2.1990.07N/AN/A16536124,85523,492
2013-05-24$42.84$43.0016.5%4.7%12.3%25.1%18.3%3.7%0.6%423.0K5.8M-360.0K369.5092.22N/AN/A438161,84024,80323,429
2013-05-28$43.05$43.0016.1%4.6%11.9%23.2%16.8%4.0%0.5%-46.4M217.1M-1.0M2.3592.13N/AN/A36285125,124184,777
2013-05-29$42.45$43.0017.8%5.1%11.8%31.3%17.0%2.8%0.3%-54.9M289.6M-1.0M0.7592.15N/AN/A44833825,227185,201
2013-05-30$42.35$43.0017.2%4.9%11.4%28.3%17.2%2.7%0.4%-58.4M300.9M-1.0M0.3692.09N/AN/A43915725,537185,382
2013-05-31$41.54$43.0018.1%5.2%12.4%32.9%19.9%5.0%-0.9%-57.1M415.9M-965.5K1.3891.66N/AN/A1,7282,38625,752185,454