VWO Options History — April 2023

In April 2023, VWO traded between $39.25 and $40.89. ATM implied volatility averaged 15.1%, placing in the 4.1% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 2.9% (HV 20d: 12.2%). Max pain ranged from $39.00 to $41.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 1.82.

Notable Days

  • 2023-04-18: Highest Volume — 6,335 contracts
  • 2023-04-25: Largest IV spike — 27.8% change
  • 2023-04-25: Highest IV Rank — 14.9%
  • 2023-04-25: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.31$39.25$40.89$40.59$40.20
Max Pain$40.37$39.00$41.00$39.00$40.00
ATM IV15.1%13.1%16.7%16.4%13.9%
Expected Move4.4%3.7%4.8%4.7%4.0%
HV 20d12.2%10.6%15.2%15.2%12.5%
HV 60d14.2%14.0%14.5%14.4%14.1%
IV Rank4.1%0.0%14.9%1.6%3.6%
IV Percentile1.7%0.0%8.7%0.8%0.8%
Term Structure1.1%0.4%2.6%0.5%0.9%
VWIV14.8%12.3%16.7%16.6%12.6%
Skew 25d3.0%1.7%4.2%2.5%4.2%
Skew 10d6.8%-2.4%10.7%2.5%10.7%
Call IV 25d13.8%11.4%15.6%15.6%11.4%
Put IV 25d16.8%15.2%18.4%18.1%15.6%
Bid-Ask Spread %50.0811.1581.0531.7933.91
Gamma HHI0.130.100.240.130.10
Net GEX1.2M-797.7K2.5M1.6M280.2K
Net DEX-4.9M-13.4M8.7M-9.6M-1.2M
Net VEX-139.9K-189.2K-108.0K-132.9K-182.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.820.0213.210.150.16
Total Volume1,113.7371356,335165221
Total OI50,127.47437,71566,96750,78141,693

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$40.59$39.0016.4%4.7%15.2%1.6%16.6%2.5%0.5%1.6M-9.6M-132.9K0.1531.79N/AN/A1442120,14130,640
2023-04-04$40.55$39.0015.7%4.5%14.2%0.0%16.1%2.8%1.0%1.7M-10.2M-130.1K0.2211.77N/AN/A1312920,24030,641
2023-04-05$40.23$39.0016.0%4.6%14.4%1.3%15.3%1.7%1.2%1.2M-6.4M-121.5K0.6411.15N/AN/A1328420,25430,656
2023-04-06$40.53$41.0014.2%4.5%12.2%0.0%15.1%3.9%1.4%1.6M-8.6M-119.1K0.3665.57N/AN/A1856720,27530,736
2023-04-10$40.39$41.0016.3%4.7%12.1%9.3%15.8%3.2%0.9%1.4M-7.6M-115.7K0.5947.16N/AN/A1468620,33630,783
2023-04-11$40.70$41.0014.7%4.6%12.3%2.3%14.8%2.7%1.0%2.0M-11.4M-118.4K0.0271.17N/AN/A320520,39530,852
2023-04-12$40.38$41.0016.2%4.6%12.7%8.5%14.3%3.3%0.6%1.7M-8.9M-116.2K0.0969.33N/AN/A1,39512920,64630,851
2023-04-13$40.89$41.0015.5%4.4%11.3%5.5%15.0%2.9%0.8%2.5M-13.4M-115.6K0.6569.64N/AN/A956221,35130,946
2023-04-14$40.66$41.0014.4%4.1%10.9%0.9%16.7%3.3%1.5%2.1M-10.6M-113.3K1.9362.69N/AN/A468921,39930,941
2023-04-17$40.86$41.0014.3%4.1%10.6%0.5%15.2%3.1%1.1%2.4M-12.3M-108.0K0.0281.05N/AN/A1,6552721,38430,984
2023-04-18$40.78$41.0014.3%4.1%10.8%0.5%13.9%3.0%0.4%2.3M-11.6M-110.4K2.6538.85N/AN/A1,7354,60022,11630,987
2023-04-19$40.39$41.0015.2%4.3%11.1%4.2%13.9%1.7%1.1%1.4M-4.6M-151.6K12.2971.62N/AN/A5162723,78235,543
2023-04-20$40.27$41.0014.9%4.3%11.1%3.1%13.4%2.5%0.8%1.2M-2.6M-154.5K13.2139.76N/AN/A2673,52723,79936,139
2023-04-21$39.91$40.0013.7%3.9%11.3%0.0%12.8%2.4%1.7%1.4M7.2M-189.2K0.3666.65N/AN/A2478923,89943,068
2023-04-24$39.89$40.0013.1%3.7%11.2%0.0%12.3%3.4%2.6%-454.2K4.6M-155.9K0.2249.90N/AN/A77016719,59618,119
2023-04-25$39.25$40.0016.7%4.8%12.6%14.9%16.4%3.7%1.1%-797.7K8.7M-170.4K0.0964.30N/AN/A2,14619420,32618,281
2023-04-26$39.47$40.0016.7%4.8%12.0%14.8%14.9%3.3%0.6%-510.3K4.6M-177.0K0.1031.16N/AN/A2752821,74018,462
2023-04-27$39.97$40.0014.6%4.2%12.8%6.3%15.4%3.7%2.1%53.9K338.3K-176.6K0.9034.00N/AN/A72264721,93618,485
2023-04-28$40.20$40.0013.9%4.0%12.5%3.6%12.6%4.2%0.9%280.2K-1.2M-182.5K0.1633.91N/AN/A1913022,58519,108