IWM Options History — February 2007

In February 2007, IWM traded between $78.05 and $82.39. ATM implied volatility averaged 15.2%. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 3.3% (HV 20d: 11.9%). Max pain ranged from $78.00 to $81.00. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 2.82.

Notable Days

  • 2007-02-27: Highest Volume — 1,259,546 contracts
  • 2007-02-27: Largest IV spike — 42.1% change
  • 2007-02-27: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$80.73$78.05$82.39$80.20$78.83
Max Pain$79.74$78.00$81.00$78.00$79.00
ATM IV15.2%13.4%21.0%14.4%19.6%
Expected Move4.5%3.9%6.0%4.1%5.6%
HV 20d11.9%8.3%19.2%14.2%19.2%
Term Structure0.4%-1.2%1.9%1.9%-0.4%
VWIV16.3%14.1%21.2%15.6%20.4%
Skew 25d4.0%3.1%5.8%3.7%5.2%
Skew 10d7.5%6.3%10.2%7.6%10.2%
Call IV 25d13.6%11.7%17.9%12.5%17.4%
Put IV 25d17.6%14.9%23.7%16.2%22.6%
Bid-Ask Spread %7.062.6614.017.717.23
Gamma HHI0.100.080.160.100.10
Net GEX-197.6M-803.2M71.4M-72.4M-803.2M
Net DEX-2.51B-5.02B5.96B-3.50B5.96B
Net VEX-52.5M-71.4M-43.9M-44.4M-71.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.821.306.463.831.40
Total Volume452,158.474137,4401,259,546259,634846,390
Total OI5,315,776.1584,536,5126,319,3814,668,5786,027,831

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-02-01$80.20$78.0014.4%4.1%14.2%0.0%15.6%3.7%1.9%-72.4M-3.50B-44.4M3.837.7153,736205,8981,615,9153,052,663
2007-02-02$80.25$80.0013.5%4.6%14.2%0.0%16.9%4.3%0.3%-70.1M-3.66B-44.3M4.4512.5550,743225,9281,634,0823,147,095
2007-02-05$80.24$80.0015.1%4.7%11.5%0.0%16.7%4.0%0.6%-182.0M-3.08B-45.1M1.5013.1992,221138,7651,643,5163,289,903
2007-02-06$80.44$80.0014.1%4.7%11.3%0.0%16.8%4.4%-0.0%-84.2M-3.74B-44.7M3.7612.6054,336204,1691,687,7863,312,521
2007-02-07$81.18$80.0013.4%4.4%11.3%0.0%17.0%4.4%0.3%21.7M-5.02B-43.9M3.2311.8869,708225,1011,701,3133,403,498
2007-02-08$81.05$80.0015.5%4.4%11.2%0.0%16.0%3.9%0.4%-9.1M-4.79B-44.9M3.1510.3033,084104,3561,722,6853,465,968
2007-02-09$80.22$80.0016.1%4.6%11.9%0.0%16.2%3.8%0.4%-245.0M-2.88B-47.5M2.054.03170,061348,9951,730,2593,549,293
2007-02-12$80.02$80.0016.4%4.7%11.5%0.0%18.5%3.6%0.4%-293.1M-2.37B-50.3M2.243.96165,906371,2311,826,1113,746,759
2007-02-13$80.68$80.0015.4%4.4%11.5%0.0%15.2%3.5%0.4%-103.7M-3.89B-50.8M2.353.8794,837223,1461,882,3563,861,890
2007-02-14$80.75$80.0015.3%4.4%11.3%0.0%16.0%3.6%0.6%-86.2M-4.05B-51.2M1.723.79327,499564,1771,923,8643,947,110
2007-02-15$80.77$80.0014.9%4.3%10.7%0.0%15.0%3.4%0.7%-146.1M-3.86B-54.0M1.644.01159,566262,1001,994,2884,123,775
2007-02-16$81.17$80.0014.0%4.0%10.7%0.0%14.1%3.2%0.7%71.4M-4.98B-55.1M1.503.76141,690212,6182,068,1134,251,268
2007-02-20$81.90$81.0013.6%3.9%10.3%0.0%14.3%3.4%0.4%-188.6M-2.79B-53.2M1.303.46149,726194,6791,495,9603,040,552
2007-02-21$82.10$81.0013.8%3.9%10.1%0.0%14.1%3.1%0.4%-152.3M-3.20B-54.3M4.152.6663,872265,0711,597,2473,144,134
2007-02-22$82.39$79.0014.0%4.0%9.6%0.0%14.5%3.8%0.5%-183.3M-3.28B-54.7M1.364.80188,118256,5051,617,3143,271,011
2007-02-23$81.95$79.0014.5%4.1%8.3%0.0%15.4%4.0%0.5%-237.3M-2.56B-58.3M6.464.7368,907444,9651,738,9153,424,975
2007-02-26$81.75$79.0014.8%4.2%8.5%0.0%15.2%4.0%0.4%-339.4M-1.75B-61.5M2.655.5496,864256,4971,792,7513,671,551
2007-02-27$78.05$79.0021.0%6.0%19.0%0.0%21.2%5.8%-1.2%-652.6M5.76B-67.5M4.7314.01219,6401,039,9061,844,7843,750,691
2007-02-28$78.83$79.0019.6%5.6%19.2%0.0%20.4%5.2%-0.4%-803.2M5.96B-71.4M1.407.23353,146493,2441,908,7854,119,046