VZ Options History — March 2021

In March 2021, VZ traded between $54.64 and $58.88. ATM implied volatility averaged 19.0%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded below realized volatility by 4.1% (HV 20d: 23.1%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.41.

Notable Days

  • 2021-03-11: Highest Volume — 130,406 contracts
  • 2021-03-16: Largest IV drop — 7.6% change
  • 2021-03-29: Highest IV Rank — 14.3%
  • 2021-03-04: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.50$54.64$58.88$55.43$58.16
Max Pain$55.00$55.00$55.00$55.00$55.00
ATM IV19.0%16.1%21.3%19.5%16.1%
Expected Move5.3%4.2%6.0%5.3%4.2%
HV 20d23.1%19.0%28.5%22.9%19.7%
HV 60d19.7%18.1%20.4%18.3%20.2%
IV Rank11.3%8.0%14.3%10.4%8.0%
IV Percentile39.8%9.9%65.1%45.2%9.9%
Term Structure0.2%-2.1%2.8%2.4%-0.1%
VWIV18.7%15.2%22.4%19.1%15.2%
Skew 25d2.0%-0.1%10.5%0.7%0.9%
Skew 10d3.2%-1.9%18.6%5.0%0.2%
Call IV 25d18.8%16.3%20.9%19.1%16.3%
Put IV 25d20.8%17.2%29.2%19.8%17.2%
Bid-Ask Spread %7.922.5717.038.7014.28
Gamma HHI0.150.100.510.120.17
Net GEX64.1M16.8M246.6M36.4M83.3M
Net DEX-416.7M-950.8M19.7M-171.5M-725.6M
Net VEX-5.5M-6.1M-4.9M-5.7M-4.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.220.770.530.57
Total Volume62,142.26132,217130,40663,68732,217
Total OI766,636.783690,795840,094720,252737,623

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$55.43$55.0019.5%5.3%22.9%10.4%19.1%0.7%2.4%36.4M-171.5M-5.7M0.538.70N/AN/A41,69921,988507,250213,002
2021-03-02$55.16$55.0019.1%5.3%22.9%9.7%18.5%1.9%2.8%28.3M-97.9M-5.6M0.613.72N/AN/A27,78316,822524,241225,232
2021-03-03$55.59$55.0020.5%5.8%23.0%12.2%21.1%2.2%2.1%40.1M-207.1M-5.9M0.414.22N/AN/A43,11317,761526,336235,218
2021-03-04$54.64$55.0021.3%6.0%23.8%13.8%22.4%4.0%0.7%16.8M19.7M-5.6M0.775.93N/AN/A39,50130,249531,762239,252
2021-03-05$56.06$55.0019.9%5.9%25.5%11.1%20.5%1.4%1.3%81.4M-349.9M-5.9M0.274.69N/AN/A67,19017,949540,439253,018
2021-03-08$57.02$55.0021.2%5.8%26.1%13.5%20.4%1.9%-1.1%74.5M-606.7M-6.1M0.314.17N/AN/A55,13017,061525,170232,291
2021-03-09$56.40$55.0020.6%5.6%26.2%12.5%19.5%2.0%-2.1%64.4M-399.5M-5.7M0.433.45N/AN/A29,62812,613528,229237,730
2021-03-10$57.15$55.0020.7%5.7%26.6%12.6%19.9%0.8%-1.4%86.6M-633.8M-5.9M0.253.43N/AN/A44,45511,232536,593242,634
2021-03-11$55.58$55.0021.1%5.8%28.5%13.4%21.0%0.5%-0.1%30.7M-147.9M-5.5M0.273.91N/AN/A102,80427,602537,820247,824
2021-03-12$55.74$55.0020.2%5.6%28.5%11.7%19.8%-0.1%-0.6%41.1M-190.5M-5.7M0.326.19N/AN/A63,30120,369578,455261,639
2021-03-15$55.41$55.0020.0%5.7%28.4%11.3%20.4%0.7%1.0%29.7M-147.9M-5.4M0.222.57N/AN/A57,37012,855537,678241,541
2021-03-16$55.59$55.0018.5%5.3%28.3%8.5%18.7%1.0%0.6%33.8M-204.8M-5.3M0.464.31N/AN/A28,97213,301560,444246,598
2021-03-17$55.80$55.0018.9%5.4%20.5%9.3%19.2%10.5%0.2%46.6M-290.8M-5.4M0.2813.28N/AN/A40,21011,155565,686249,617
2021-03-18$56.33$55.0019.1%5.4%20.8%9.6%19.0%1.1%1.4%76.1M-447.9M-5.5M0.444.16N/AN/A32,49414,213571,161252,237
2021-03-19$56.15$55.0018.3%5.2%20.7%10.5%18.4%8.3%0.2%48.0M-417.6M-5.3M0.343.38N/AN/A41,71914,282571,677254,572
2021-03-22$56.49$55.0017.1%4.7%20.8%8.4%16.0%0.9%0.1%40.6M-371.6M-5.1M0.4412.93N/AN/A49,71521,697470,691220,104
2021-03-23$56.91$55.0018.2%4.8%20.5%12.6%17.2%1.1%-0.6%53.9M-482.3M-5.3M0.5117.03N/AN/A44,99822,849489,371230,070
2021-03-24$57.09$55.0017.8%4.8%20.5%11.9%17.1%1.4%0.2%62.2M-531.4M-5.3M0.3213.59N/AN/A42,24813,610499,369237,680
2021-03-25$57.41$55.0018.0%4.8%19.8%12.7%17.3%1.0%-0.2%77.4M-629.4M-5.4M0.3714.04N/AN/A29,44210,894510,048243,522
2021-03-26$57.97$55.0017.4%4.7%19.0%10.9%16.5%1.3%-0.8%246.6M-786.1M-5.2M0.294.25N/AN/A65,38219,052514,308249,137
2021-03-29$58.88$55.0017.8%4.8%19.5%14.3%16.7%0.8%-0.3%89.5M-950.8M-5.2M0.4315.78N/AN/A45,87219,939487,979237,211
2021-03-30$58.45$55.0016.9%4.5%19.6%11.1%15.9%0.6%-0.2%85.9M-813.3M-5.1M0.5614.05N/AN/A23,45713,079490,225239,962
2021-03-31$58.16$55.0016.1%4.2%19.7%8.0%15.2%0.9%-0.1%83.3M-725.6M-4.9M0.5714.28N/AN/A20,50511,712493,330244,293