VZ Options History — March 2024

In March 2024, VZ traded between $39.14 and $42.06. ATM implied volatility averaged 20.8%, placing in the 34.2% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 5.9% (HV 20d: 14.9%). Max pain ranged from $38.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.62.

Notable Days

  • 2024-03-08: Highest Volume — 62,562 contracts
  • 2024-03-25: Largest IV spike — 8.2% change
  • 2024-03-26: Highest IV Rank — 43.4%
  • 2024-03-07: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.25$39.14$42.06$40.22$42.06
Max Pain$38.10$38.00$40.00$40.00$38.00
ATM IV20.8%18.5%22.5%18.7%22.1%
Expected Move5.8%4.9%6.5%5.4%4.9%
HV 20d14.9%13.4%16.1%16.1%15.5%
HV 60d22.9%22.5%23.2%23.2%22.7%
IV Rank34.2%21.8%43.4%23.0%41.7%
IV Percentile54.7%27.0%75.8%27.8%74.2%
Term Structure1.3%-2.2%5.0%-0.6%-0.4%
VWIV19.9%17.2%22.0%18.9%17.2%
Skew 25d1.4%0.3%2.6%0.9%1.0%
Skew 10d2.2%1.2%3.5%3.1%1.3%
Call IV 25d19.8%16.7%22.6%18.6%22.1%
Put IV 25d21.2%18.8%24.1%19.5%23.0%
Bid-Ask Spread %18.712.4038.9719.678.13
Gamma HHI0.160.110.290.140.29
Net GEX29.9M1.7M61.6M21.3M61.6M
Net DEX-561.6M-1.10B-249.5M-518.8M-1.10B
Net VEX-5.5M-5.7M-5.1M-5.6M-5.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.381.020.630.42
Total Volume41,985.1523,94762,56235,64151,915
Total OI974,335.45916,1641,040,045963,659981,900

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$40.22$40.0018.7%5.4%16.1%23.0%18.9%0.9%-0.6%21.3M-518.8M-5.6M0.6319.67N/AN/A21,87813,763556,604407,055
2024-03-04$40.23$38.0019.4%6.0%16.1%26.5%21.1%0.6%2.1%22.7M-520.4M-5.6M0.872.40N/AN/A15,58113,605541,414398,847
2024-03-05$40.28$38.0020.3%6.3%14.9%31.5%21.9%0.8%3.0%23.4M-535.7M-5.6M0.5727.21N/AN/A28,99716,528547,359406,062
2024-03-06$39.91$38.0019.9%6.3%14.9%29.2%21.4%0.3%2.6%14.7M-423.0M-5.5M0.6319.61N/AN/A28,71417,945554,251414,908
2024-03-07$39.50$38.0021.2%6.5%14.3%36.6%22.0%1.7%3.6%12.8M-314.7M-5.7M0.4013.06N/AN/A41,70116,522566,522417,893
2024-03-08$39.50$38.0021.9%6.4%13.4%40.2%21.9%0.9%5.0%33.6M-345.2M-5.7M0.4313.93N/AN/A43,71518,847587,728420,510
2024-03-11$40.08$38.0022.0%6.1%14.3%40.8%21.4%0.5%-2.2%26.3M-516.3M-5.6M1.0229.68N/AN/A19,44019,892581,751413,007
2024-03-12$40.19$38.0021.2%6.0%13.7%36.7%20.3%2.1%-0.7%27.6M-541.2M-5.6M0.9914.99N/AN/A14,52014,330586,443421,029
2024-03-13$40.22$38.0021.9%6.0%13.6%40.2%20.3%1.6%-1.3%29.6M-560.1M-5.5M0.3815.51N/AN/A25,5629,666591,937421,178
2024-03-14$39.61$38.0021.7%6.0%14.6%39.5%20.8%1.9%-1.1%15.0M-374.0M-5.5M0.5413.83N/AN/A28,23615,384603,936422,119
2024-03-15$39.14$38.0021.9%6.1%14.4%40.4%20.9%0.9%-1.2%1.7M-249.5M-5.5M0.6114.86N/AN/A30,65418,691613,148426,897
2024-03-18$39.86$38.0020.1%5.7%16.1%30.7%19.5%2.2%3.2%24.5M-485.6M-5.4M0.4822.19N/AN/A26,40112,715524,327391,837
2024-03-19$40.02$38.0019.3%5.5%16.1%25.9%19.3%2.3%3.1%27.9M-520.2M-5.4M0.4324.93N/AN/A23,83310,186532,316398,073
2024-03-20$40.08$38.0018.5%5.3%15.2%21.8%17.3%2.6%3.8%30.4M-547.6M-5.3M0.4938.97N/AN/A24,87612,104542,779402,949
2024-03-21$40.58$38.0019.2%5.4%15.7%25.4%18.7%1.7%3.2%45.7M-689.1M-5.3M0.6321.47N/AN/A23,74014,872550,906406,356
2024-03-22$40.31$38.0020.1%5.4%15.9%30.4%17.9%1.7%4.0%34.5M-608.1M-5.4M0.7217.85N/AN/A32,15523,033557,139412,297
2024-03-25$40.78$38.0021.7%5.6%14.1%39.4%19.9%1.4%0.0%40.7M-709.5M-5.4M0.6523.94N/AN/A22,76714,893541,284407,959
2024-03-26$40.86$38.0022.5%5.4%14.0%43.4%19.1%1.5%0.2%44.7M-739.8M-5.3M0.9016.81N/AN/A12,59711,350549,963412,633
2024-03-27$41.50$38.0022.1%5.0%14.9%41.2%17.7%1.7%0.2%59.2M-935.3M-5.2M0.5715.13N/AN/A30,59217,503555,062418,331
2024-03-28$42.06$38.0022.1%4.9%15.5%41.7%17.2%1.0%-0.4%61.6M-1.10B-5.1M0.428.13N/AN/A36,50415,411557,722424,178