VZ Options History — February 2019

In February 2019, VZ traded between $53.42 and $56.92. ATM implied volatility averaged 16.5%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded below realized volatility by 4.9% (HV 20d: 21.4%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.52.

Notable Days

  • 2019-02-21: Highest Volume — 56,487 contracts
  • 2019-02-07: Largest IV spike — 10.4% change
  • 2019-02-07: Highest IV Rank — 24.6%
  • 2019-02-07: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.12$53.42$56.92$54.59$56.90
Max Pain$55.00$55.00$55.00$55.00$55.00
ATM IV16.5%14.9%18.6%17.7%15.1%
Expected Move4.7%4.2%5.5%5.1%4.3%
HV 20d21.4%14.0%25.4%25.1%14.0%
HV 60d22.3%21.6%22.8%22.7%21.6%
IV Rank15.6%9.0%24.6%20.7%9.6%
IV Percentile22.3%7.9%49.6%33.3%9.5%
Term Structure0.3%-0.8%1.3%0.1%0.5%
VWIV16.8%15.7%18.3%18.3%15.7%
Skew 25d2.7%2.2%3.3%2.6%2.5%
Skew 10d5.6%4.8%7.2%5.2%4.8%
Call IV 25d15.6%14.3%17.1%16.9%14.3%
Put IV 25d18.3%16.8%20.1%19.5%16.8%
Bid-Ask Spread %2.411.573.111.622.24
Gamma HHI0.160.120.400.120.13
Net GEX29.2M8.8M53.3M17.3M41.8M
Net DEX-261.0M-563.1M-19.1M-158.3M-488.2M
Net VEX-3.9M-4.0M-3.7M-3.9M-4.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.320.760.720.44
Total Volume28,170.68414,59256,48730,11644,355
Total OI487,291.474444,832512,461507,907485,448

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$54.59$55.0017.7%5.1%25.1%20.7%18.3%2.6%0.1%17.3M-158.3M-3.9M0.721.62N/AN/A17,53412,582317,147190,760
2019-02-04$53.91$55.0017.8%4.9%25.4%21.2%17.1%2.6%-0.8%13.8M-73.9M-3.7M0.622.67N/AN/A20,74812,838301,590175,026
2019-02-05$54.22$55.0017.3%4.8%25.2%19.1%16.9%2.6%-0.8%16.4M-110.2M-3.8M0.372.04N/AN/A19,8667,442306,571181,888
2019-02-06$53.74$55.0016.8%5.2%22.7%17.1%17.1%2.2%1.3%12.7M-54.2M-3.7M0.582.49N/AN/A10,9386,334313,306182,225
2019-02-07$53.42$55.0018.6%5.5%21.7%24.6%18.3%3.0%0.7%8.8M-19.1M-3.8M0.752.47N/AN/A14,94711,244317,416183,006
2019-02-08$53.77$55.0017.3%4.9%21.6%19.1%17.2%2.9%-0.5%12.1M-69.0M-3.8M0.321.87N/AN/A17,3695,605321,148187,079
2019-02-11$54.10$55.0017.3%4.9%21.7%19.1%17.2%2.5%0.8%18.0M-131.3M-3.8M0.342.58N/AN/A14,5374,888309,437180,895
2019-02-12$54.38$55.0016.4%4.7%21.8%15.3%16.5%2.4%1.0%23.9M-165.5M-3.8M0.352.16N/AN/A17,3085,995314,781183,433
2019-02-13$54.55$55.0015.8%4.5%21.9%12.8%16.4%2.5%0.3%26.3M-191.2M-3.8M0.352.49N/AN/A13,3004,605317,371185,037
2019-02-14$54.34$55.0016.2%4.6%21.4%14.5%17.3%2.6%1.0%23.2M-155.7M-3.8M0.702.76N/AN/A8,6075,985320,582186,754
2019-02-15$54.98$55.0016.0%4.5%21.9%13.5%16.2%2.9%0.5%53.3M-269.5M-3.9M0.431.57N/AN/A16,7627,248323,280189,181
2019-02-19$55.50$55.0016.8%4.8%22.1%17.0%16.0%2.9%-0.1%34.3M-334.8M-3.8M0.372.94N/AN/A27,64910,217276,862167,970
2019-02-20$55.72$55.0016.0%4.5%22.1%13.5%16.7%3.1%0.1%41.3M-380.1M-3.9M0.582.77N/AN/A14,3368,252290,488174,161
2019-02-21$55.99$55.0016.6%4.7%21.0%15.9%16.9%3.3%-0.1%45.1M-422.9M-4.0M0.452.60N/AN/A38,83917,648296,239178,259
2019-02-22$56.92$55.0015.6%4.5%21.5%11.8%16.0%2.4%0.3%45.9M-563.1M-4.0M0.493.11N/AN/A27,01113,243295,576186,655
2019-02-25$56.86$55.0015.4%4.4%21.2%10.9%17.0%2.3%0.2%42.7M-488.0M-4.0M0.512.56N/AN/A21,22010,918283,454180,898
2019-02-26$56.72$55.0015.6%4.4%19.3%11.7%15.9%2.5%0.3%41.0M-455.0M-4.0M0.762.58N/AN/A14,86111,231290,070184,994
2019-02-27$56.60$55.0014.9%4.2%14.4%9.0%16.6%2.6%0.3%36.5M-429.1M-4.0M0.762.34N/AN/A10,6438,138291,774187,777
2019-02-28$56.90$55.0015.1%4.3%14.0%9.6%15.7%2.5%0.5%41.8M-488.2M-4.0M0.442.24N/AN/A30,78713,568294,098191,350