VWO Options History — March 2020

In March 2020, VWO traded between $30.43 and $41.62. ATM implied volatility averaged 50.8%, placing in the 71.2% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded below realized volatility by 4.0% (HV 20d: 54.8%). Max pain ranged from $43.00 to $44.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 5.31.

Notable Days

  • 2020-03-16: Highest Volume — 8,929 contracts
  • 2020-03-09: Largest IV spike — 132.2% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 21.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.28$30.43$41.62$41.05$33.51
Max Pain$43.73$43.00$44.00$43.00$43.00
ATM IV50.8%24.7%74.1%28.2%43.2%
Expected Move14.2%7.3%21.3%9.6%13.4%
HV 20d54.8%21.6%79.8%23.5%79.2%
HV 60d35.9%19.1%48.7%19.2%48.5%
IV Rank71.2%46.8%100.0%59.0%50.6%
IV Percentile97.7%94.0%100.0%96.4%94.0%
Term Structure-4.0%-29.9%7.8%-1.6%-1.1%
VWIV48.1%16.5%79.0%31.2%46.5%
Skew 25d18.4%3.3%43.3%4.7%13.8%
Skew 10d27.7%-25.5%66.8%36.1%46.2%
Call IV 25d46.8%19.5%91.0%23.5%38.0%
Put IV 25d65.2%28.1%105.6%28.1%51.8%
Bid-Ask Spread %77.7656.4992.5572.7864.72
Gamma HHI0.080.070.100.100.08
Net GEX-1.7M-3.0M-740.0K-2.9M-908.8K
Net DEX88.9M45.2M126.0M56.0M81.2M
Net VEX-380.9K-441.4K-302.0K-438.1K-354.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.310.0952.252.091.07
Total Volume2,621.7732718,9291,458271
Total OI77,265.59173,16785,41773,97077,459

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$41.05$43.0028.2%9.6%23.5%59.0%31.2%4.7%-1.6%-2.9M56.0M-438.1K2.0972.78N/AN/A47298627,16146,809
2020-03-03$41.20$43.0030.2%9.4%23.3%66.0%31.6%8.5%-2.6%-2.7M52.9M-436.8K0.2182.07N/AN/A1,90040327,44646,779
2020-03-04$41.62$43.0024.7%7.5%21.6%46.8%16.5%8.9%-0.6%-2.7M45.2M-431.0K0.1971.87N/AN/A69613128,03147,036
2020-03-05$40.75$44.0028.5%7.3%22.5%60.2%22.2%8.3%-1.3%-2.7M60.3M-441.4K0.6775.00N/AN/A84256028,57347,074
2020-03-06$39.95$44.0030.7%8.5%23.2%67.9%33.1%12.4%-1.0%-3.0M72.6M-429.7K4.0177.51N/AN/A11044129,14347,405
2020-03-09$37.36$44.0071.3%12.1%32.1%100.0%31.4%41.0%-29.9%-2.3M90.3M-416.5K0.1186.26N/AN/A3,56237928,32647,256
2020-03-10$38.94$44.0040.1%10.9%36.3%47.8%36.4%9.5%-5.4%-2.7M81.1M-427.6K0.9482.38N/AN/A42440028,32847,159
2020-03-11$37.43$44.0045.1%12.9%37.6%56.2%42.1%17.8%-2.6%-2.2M90.2M-401.2K52.2591.22N/AN/A1276,63628,54047,064
2020-03-12$33.77$44.0062.3%16.2%49.6%85.0%51.2%13.7%-1.7%-1.7M111.5M-376.1K2.3083.04N/AN/A4481,03128,61850,502
2020-03-13$35.33$44.0062.6%15.0%53.8%85.5%43.0%3.3%-24.3%-1.9M105.0M-404.6K1.0992.55N/AN/A23025028,60250,566
2020-03-16$31.99$44.0072.8%20.4%62.1%100.0%71.5%43.3%-9.6%-1.3M113.3M-334.8K25.0391.81N/AN/A3438,58628,48750,461
2020-03-17$33.31$44.0066.6%18.8%65.1%90.0%66.8%27.0%-4.0%-1.7M113.5M-397.9K0.8778.71N/AN/A80670128,63654,815
2020-03-18$30.45$44.0074.1%21.3%69.9%100.0%79.0%34.7%-1.7%-1.1M119.1M-341.4K2.2391.59N/AN/A26859728,74955,127
2020-03-19$31.12$44.0071.8%20.6%71.3%96.3%75.8%25.9%1.5%-957.7K121.7M-344.4K2.8591.73N/AN/A7712,19928,83055,160
2020-03-20$31.20$44.0064.7%18.4%71.5%85.0%63.0%23.0%-3.6%-978.7K126.0M-328.1K0.2481.87N/AN/A4,01696729,56555,852
2020-03-23$30.43$44.0055.5%17.4%71.3%70.3%58.6%32.2%7.8%-894.2K97.0M-302.0K3.2871.25N/AN/A7702,52228,49545,458
2020-03-24$32.25$44.0048.6%15.1%76.0%59.3%52.9%18.3%2.1%-1.0M92.8M-323.5K0.3567.61N/AN/A4,0581,42928,53544,632
2020-03-25$33.66$44.0054.8%14.3%78.3%69.2%59.3%27.8%-5.5%-966.1K84.0M-348.7K1.1072.80N/AN/A39643430,55143,859
2020-03-26$34.43$44.0045.2%13.6%79.1%53.9%44.8%8.0%-2.0%-965.4K81.3M-374.5K0.0961.50N/AN/A4,38439630,65244,018
2020-03-27$33.08$43.0050.4%15.5%79.8%62.2%56.6%3.3%2.0%-740.0K79.7M-367.9K1.7965.88N/AN/A21237932,80742,810
2020-03-30$33.31$43.0046.4%14.4%79.1%55.8%45.2%19.1%-2.0%-829.7K80.5M-358.8K14.1356.49N/AN/A2082,93831,70942,758
2020-03-31$33.51$43.0043.2%13.4%79.2%50.6%46.5%13.8%-1.1%-908.8K81.2M-354.0K1.0764.72N/AN/A13114031,94545,514