VWO Options History — March 2021

In March 2021, VWO traded between $50.66 and $53.95. ATM implied volatility averaged 22.2%, placing in the 10.9% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 1.6% (HV 20d: 23.8%). Max pain ranged from $49.00 to $52.00. Net GEX was positive for 17 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.64.

Notable Days

  • 2021-03-08: Highest Volume — 4,281 contracts
  • 2021-03-24: Largest IV spike — 14.9% change
  • 2021-03-24: Highest IV Rank — 19.9%
  • 2021-03-04: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.40$50.66$53.95$53.95$52.09
Max Pain$51.52$49.00$52.00$49.00$52.00
ATM IV22.2%19.7%26.1%23.9%19.7%
Expected Move6.2%5.4%7.2%6.2%5.4%
HV 20d23.8%18.1%26.3%20.6%25.0%
HV 60d20.8%18.4%22.2%18.4%22.0%
IV Rank10.9%6.4%19.9%12.2%8.1%
IV Percentile45.3%20.6%71.8%57.9%20.6%
Term Structure0.1%-4.4%4.0%1.2%0.2%
VWIV21.7%13.7%26.7%22.1%19.6%
Skew 25d5.6%-0.2%11.9%4.7%4.2%
Skew 10d9.2%1.3%19.1%6.9%16.7%
Call IV 25d20.3%13.8%25.9%23.7%18.5%
Put IV 25d25.9%22.5%32.0%28.4%22.7%
Bid-Ask Spread %35.4214.0562.6862.6815.98
Gamma HHI0.070.050.100.080.07
Net GEX452.9K-813.2K2.0M1.5M63.5K
Net DEX-20.0M-40.3M2.6M-40.3M-13.1M
Net VEX-488.7K-520.1K-464.8K-471.0K-464.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.045.680.050.04
Total Volume1,224.2613224,2811,044989
Total OI60,215.91355,81166,03856,75358,755

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$53.95$49.0023.9%6.2%20.6%12.2%22.1%4.7%1.2%1.5M-40.3M-471.0K0.0562.68N/AN/A9905429,45527,298
2021-03-02$53.52$49.0023.1%6.5%18.9%10.8%21.7%4.8%-1.0%2.0M-35.6M-503.2K0.2122.85N/AN/A2665630,30827,392
2021-03-03$53.44$49.0023.3%6.5%18.1%11.2%22.2%5.1%-0.5%2.0M-35.6M-480.2K0.4927.91N/AN/A61730130,39127,453
2021-03-04$52.22$52.0026.1%7.2%19.6%16.0%26.7%7.5%-0.4%813.7K-18.4M-501.3K0.7544.83N/AN/A2,3981,80230,74327,749
2021-03-05$52.68$52.0024.2%6.4%20.0%12.7%26.4%8.1%-1.7%367.6K-20.8M-491.3K0.2454.71N/AN/A1,18829129,98427,518
2021-03-08$51.20$52.0025.4%7.1%21.9%15.0%25.6%5.8%-0.3%-32.0K-7.6M-482.3K5.6842.56N/AN/A6413,64029,64827,618
2021-03-09$52.34$52.0023.0%6.6%23.5%10.7%20.5%11.9%-1.4%99.8K-18.2M-513.7K0.1839.38N/AN/A74113029,97430,998
2021-03-10$52.23$52.0022.4%6.3%22.8%9.6%22.9%-0.2%-0.1%25.7K-16.9M-501.8K0.0834.11N/AN/A4493630,34231,034
2021-03-11$53.78$51.0021.1%6.0%25.5%7.4%22.2%10.7%3.0%888.0K-39.2M-472.1K0.0650.64N/AN/A3,63122930,49131,049
2021-03-12$52.84$51.0021.5%6.3%25.7%8.1%22.4%5.7%0.4%944.5K-27.4M-520.1K0.9236.99N/AN/A23822033,33231,175
2021-03-15$52.81$52.0021.6%6.2%25.7%8.2%20.5%4.7%-0.2%678.9K-28.0M-503.7K0.3525.79N/AN/A42314933,33631,265
2021-03-16$53.08$52.0020.5%5.9%25.7%6.4%20.2%4.2%0.1%863.1K-30.8M-503.9K0.1829.70N/AN/A4768533,53631,347
2021-03-17$53.17$52.0020.9%6.0%25.7%7.1%22.4%4.4%0.5%963.1K-33.0M-501.3K0.7137.40N/AN/A45832733,68931,361
2021-03-18$52.27$52.0021.7%6.2%26.0%8.5%22.1%3.7%0.1%43.2K-20.1M-509.0K0.3658.75N/AN/A53119233,90431,709
2021-03-19$52.83$52.0021.0%5.9%26.2%7.5%19.6%4.6%1.8%974.0K-27.8M-471.7K1.2843.09N/AN/A38048534,23731,801
2021-03-22$52.68$52.0020.2%5.7%24.7%6.9%19.6%4.0%0.7%469.5K-16.7M-498.2K0.0660.15N/AN/A2,18113327,22628,585
2021-03-23$51.75$52.0021.2%5.9%25.2%11.3%20.7%3.0%4.0%80.6K-11.0M-482.8K0.7321.96N/AN/A36126229,04928,693
2021-03-24$50.66$52.0024.4%6.3%26.0%19.9%21.0%9.5%-4.4%-761.3K1.7M-469.7K0.4222.38N/AN/A30812829,25828,969
2021-03-25$50.66$52.0022.1%6.2%25.2%13.7%21.5%9.5%-1.3%-813.2K2.6M-480.2K1.4118.59N/AN/A22631829,45429,154
2021-03-26$51.68$52.0021.9%5.9%26.3%14.5%13.7%3.6%1.1%-297.1K-7.7M-469.6K0.2025.21N/AN/A59211729,55729,402
2021-03-29$51.56$52.0021.6%6.1%24.9%13.5%22.4%4.2%-0.4%-316.7K-6.5M-473.0K0.2225.06N/AN/A3758429,00929,205
2021-03-30$51.83$52.0020.6%5.9%24.9%10.6%22.3%4.5%0.1%-133.7K-10.5M-474.3K0.0914.05N/AN/A6055529,22729,286
2021-03-31$52.09$52.0019.7%5.4%25.0%8.1%19.6%4.2%0.2%63.5K-13.1M-464.8K0.0415.98N/AN/A9553429,45129,304