VWO Options History — March 2014

In March 2014, VWO traded between $37.76 and $40.58. ATM implied volatility averaged 21.1%, placing in the 43.3% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 2.3% (HV 20d: 18.8%). Max pain ranged from $35.00 to $42.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.93.

Notable Days

  • 2014-03-07: Highest Volume — 16,445 contracts
  • 2014-03-04: Largest IV drop — 13.9% change
  • 2014-03-03: Highest IV Rank — 59.4%
  • 2014-03-13: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.91$37.76$40.58$38.21$40.58
Max Pain$40.53$35.00$42.00$42.00$35.00
ATM IV21.1%18.7%24.5%24.5%19.4%
Expected Move4.9%1.2%6.5%6.4%5.8%
HV 20d18.8%16.6%21.4%21.4%17.5%
HV 60d20.2%19.2%20.5%20.0%19.2%
IV Rank43.3%32.0%59.4%59.4%35.3%
IV Percentile66.2%36.5%96.4%96.4%45.2%
Term Structure-0.3%-2.1%1.2%-1.0%0.2%
VWIV19.5%5.3%29.6%24.8%18.3%
Skew 25d5.4%3.5%6.5%6.5%4.5%
Skew 10d11.6%6.0%17.9%14.9%7.6%
Call IV 25d19.1%17.1%22.1%21.4%17.5%
Put IV 25d24.6%21.5%28.0%27.9%22.0%
Bid-Ask Spread %24.6710.9761.4824.0217.51
Gamma HHI0.180.140.240.150.16
Net GEX1.3M-4.0M6.1M-1.4M543.7K
Net DEX115.0M-31.4M206.4M155.2M440.0K
Net VEX-827.3K-930.9K-758.6K-763.4K-895.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.023.870.663.45
Total Volume4,299.33336816,4451,3874,046
Total OI158,341.19107,410186,520154,501107,410

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-03-03$38.21$42.0024.5%6.4%21.4%59.4%24.8%6.5%-1.0%-1.4M155.2M-763.4K0.6624.02N/AN/A83555277,84076,661
2014-03-04$38.84$42.0021.1%6.2%19.4%43.6%19.8%5.6%0.1%-731.2K129.6M-820.9K0.0313.54N/AN/A6,18219178,40276,987
2014-03-05$38.96$42.0021.2%6.3%17.9%44.0%23.5%5.0%0.1%19.5K126.4M-844.1K2.3216.72N/AN/A11125782,21577,084
2014-03-06$39.50$42.0020.1%2.4%18.3%38.9%0.0%5.6%0.0%1.6M77.0M-864.7K0.0427.40N/AN/A10,69041882,30277,248
2014-03-07$38.95$42.0021.6%1.4%18.1%46.0%10.9%6.1%-0.1%6.1M89.9M-843.9K2.7523.99N/AN/A4,39112,05492,01777,595
2014-03-10$38.72$42.0023.1%1.2%18.2%53.1%11.9%6.2%-1.9%4.1M152.9M-930.9K0.6610.97N/AN/A1,46397095,52489,052
2014-03-11$38.27$42.0022.3%3.4%18.2%49.0%5.3%4.9%0.3%2.2M174.2M-802.7K0.5625.52N/AN/A50328494,43287,974
2014-03-12$38.42$42.0022.3%2.6%16.6%49.2%0.0%5.4%-0.1%3.1M169.6M-826.7K0.4325.14N/AN/A1,38659894,45788,042
2014-03-13$37.76$42.0023.9%6.5%17.7%56.5%24.5%5.6%-1.0%-2.5M206.4M-758.6K0.9022.29N/AN/A37233395,18188,516
2014-03-14$38.01$42.0023.8%6.5%17.9%55.9%22.0%6.4%-2.1%-3.7M203.9M-786.8K3.8728.03N/AN/A8863,42995,41988,722
2014-03-17$38.42$42.0022.7%6.5%17.8%50.8%0.0%6.2%-0.6%-4.0M198.7M-791.5K0.0226.72N/AN/A12,50226885,59089,091
2014-03-18$39.01$42.0020.0%6.3%18.4%38.2%21.7%5.1%-0.3%1.9M158.2M-832.2K0.1024.52N/AN/A6346596,73289,267
2014-03-19$38.24$42.0020.8%3.5%19.7%42.2%0.0%6.5%-0.4%-24.3K178.9M-775.3K0.8035.07N/AN/A60248497,24189,279
2014-03-20$38.42$42.0020.8%6.4%19.7%42.2%0.0%6.5%-0.9%-44.3K195.8M-763.7K0.7726.61N/AN/A30423596,30989,441
2014-03-21$38.65$42.0019.2%1.3%19.7%34.6%29.6%4.6%1.2%1.8M172.4M-781.1K0.3525.51N/AN/A1,40549195,96889,594
2014-03-24$38.99$0.0020.0%5.9%19.9%38.3%0.0%4.6%-0.5%4.3M43.4M-812.3K0.3461.48N/AN/A3,1221,04756,73554,760
2014-03-25$39.49$0.0019.1%6.0%19.8%34.2%21.1%5.7%0.2%5.4M17.1M-831.9K1.0924.14N/AN/A2,1522,35659,52855,491
2014-03-26$39.50$35.0019.1%6.1%19.8%33.9%0.0%3.5%0.1%5.5M7.4M-863.4K0.1421.46N/AN/A6248760,91357,630
2014-03-27$39.96$35.0018.7%6.0%19.0%32.0%0.0%5.2%0.2%3.4M-9.9M-878.3K0.0921.98N/AN/A1,38413161,13257,536
2014-03-28$40.28$35.0018.7%6.0%18.9%32.0%18.3%4.3%0.8%109.8K-31.4M-906.1K0.0615.51N/AN/A11,72871462,28557,563
2014-03-31$40.58$35.0019.4%5.8%17.5%35.3%0.0%4.5%0.2%543.7K440.0K-895.0K3.4517.51N/AN/A9093,13751,49155,919