VWO Options History — August 2020

In August 2020, VWO traded between $43.25 and $45.11. ATM implied volatility averaged 19.7%, placing in the 13.1% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 3.9% (HV 20d: 15.7%). Max pain ranged from $40.00 to $41.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.87.

Notable Days

  • 2020-08-31: Highest Volume — 8,883 contracts
  • 2020-08-31: Largest IV spike — 13.7% change
  • 2020-08-11: Highest IV Rank — 16.6%
  • 2020-08-07: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.03$43.25$45.11$43.30$44.33
Max Pain$40.86$40.00$41.00$40.00$41.00
ATM IV19.7%18.0%21.8%20.5%21.7%
Expected Move5.6%5.1%6.3%5.9%5.9%
HV 20d15.7%13.5%17.4%17.4%15.1%
HV 60d22.2%20.1%23.8%23.7%20.1%
IV Rank13.1%10.5%16.6%14.4%16.4%
IV Percentile49.5%42.9%58.7%51.6%58.7%
Term Structure-0.1%-6.5%1.5%0.3%1.5%
VWIV19.4%16.9%23.0%21.7%22.7%
Skew 25d5.0%0.4%7.5%7.5%5.8%
Skew 10d9.5%-0.8%16.6%16.6%12.3%
Call IV 25d17.5%13.1%19.4%18.8%19.0%
Put IV 25d22.5%17.4%26.3%26.3%24.8%
Bid-Ask Spread %31.6114.6274.7835.5432.60
Gamma HHI0.110.080.150.090.10
Net GEX3.3M2.4M4.3M2.7M3.1M
Net DEX-87.1M-101.1M-75.5M-77.9M-82.2M
Net VEX-360.3K-401.2K-334.1K-377.5K-355.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.038.330.293.81
Total Volume1,818.0951418,8831,8598,883
Total OI102,595.90597,300106,512100,36198,882

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$43.30$40.0020.5%5.9%17.4%14.4%21.7%7.5%0.3%2.7M-77.9M-377.5K0.2935.54N/AN/A1,43842139,95760,404
2020-08-04$43.74$40.0020.8%5.9%17.0%14.9%20.1%5.2%-0.6%4.0M-87.8M-372.7K0.3019.07N/AN/A1785441,18760,611
2020-08-05$44.25$40.0019.7%5.6%15.1%13.1%18.4%4.8%0.5%4.0M-99.0M-363.0K0.0442.97N/AN/A1,3505641,29260,633
2020-08-06$44.27$41.0019.4%5.9%15.1%12.7%18.0%5.1%-0.1%4.3M-101.1M-368.3K0.0474.78N/AN/A1,6386542,16260,655
2020-08-07$43.40$41.0020.9%6.3%16.7%15.1%19.8%4.6%-0.4%3.0M-79.8M-374.1K0.0714.62N/AN/A1,87412341,16660,688
2020-08-10$43.35$41.0021.0%6.3%16.7%15.2%23.0%5.7%1.0%3.3M-80.8M-373.5K8.3316.31N/AN/A8637,19042,08860,717
2020-08-11$43.25$41.0021.8%6.3%16.7%16.6%20.2%5.8%0.0%3.0M-75.5M-401.2K0.2215.11N/AN/A51511141,67764,372
2020-08-12$43.80$41.0019.3%5.7%17.2%12.6%21.0%5.2%0.7%4.2M-87.5M-370.5K0.1218.17N/AN/A3013641,82564,371
2020-08-13$43.59$41.0019.6%5.5%16.3%13.0%17.2%4.4%-0.1%4.2M-85.1M-360.6K0.8319.56N/AN/A14311841,98864,420
2020-08-14$43.59$41.0019.3%5.4%16.3%12.5%18.8%3.5%-0.5%3.3M-85.9M-358.5K0.3462.80N/AN/A1053641,99664,516
2020-08-17$44.14$41.0019.1%5.5%16.0%12.2%16.9%5.1%0.5%2.6M-91.9M-343.5K1.0217.48N/AN/A44345240,15064,492
2020-08-18$44.25$41.0019.0%5.5%15.7%12.1%17.8%4.8%0.5%2.7M-93.6M-343.8K1.2315.71N/AN/A29336140,46164,849
2020-08-19$43.83$41.0018.6%5.3%15.9%11.4%18.1%4.2%0.1%2.4M-84.9M-355.7K0.0316.29N/AN/A2,5216640,23564,746
2020-08-20$43.72$41.0018.4%5.4%15.7%11.1%19.8%5.5%-6.5%2.4M-77.0M-366.0K0.7438.35N/AN/A55941240,32664,782
2020-08-21$43.89$41.0018.0%5.1%15.7%10.5%19.5%5.2%0.1%2.8M-82.9M-349.5K0.0621.04N/AN/A2,50714340,75364,886
2020-08-24$44.38$41.0018.9%5.3%15.4%12.0%18.3%5.3%0.4%2.7M-83.4M-344.7K0.5020.20N/AN/A29414838,65058,650
2020-08-25$44.80$41.0018.5%5.2%15.1%11.2%17.8%5.6%-0.2%3.2M-90.3M-341.5K0.0554.70N/AN/A1,8588838,79158,773
2020-08-26$44.89$41.0018.9%5.4%14.2%11.9%17.7%0.4%-0.6%3.7M-96.5M-334.1K0.0825.18N/AN/A1,50312640,80458,820
2020-08-27$44.67$41.0020.2%5.7%13.7%14.0%20.1%7.3%-0.3%3.4M-88.5M-370.0K0.1763.27N/AN/A3485840,50358,822
2020-08-28$45.11$41.0019.1%5.3%13.5%12.3%20.6%4.1%0.5%3.9M-98.5M-342.3K0.1040.07N/AN/A4564640,56058,854
2020-08-31$44.33$41.0021.7%5.9%15.1%16.4%22.7%5.8%1.5%3.1M-82.2M-355.5K3.8132.60N/AN/A1,8457,03840,29958,583