IWM Options History — October 2007

In October 2007, IWM traded between $79.09 and $84.18. ATM implied volatility averaged 23.7%, placing in the 51.5% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 2.7% (HV 20d: 21.0%). Max pain ranged from $80.00 to $82.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 2.24.

Notable Days

  • 2007-10-19: Highest Volume — 1,388,392 contracts
  • 2007-10-19: Largest IV spike — 28.2% change
  • 2007-10-19: Highest IV Rank — 84.9%
  • 2007-10-19: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$82.25$79.09$84.18$82.03$82.32
Max Pain$80.96$80.00$82.00$80.00$81.00
ATM IV23.7%18.4%30.5%20.8%25.2%
Expected Move6.9%5.8%8.7%6.0%7.2%
HV 20d21.0%15.9%22.8%22.8%21.3%
HV 60d24.2%23.1%25.0%25.0%23.1%
IV Rank51.5%25.0%84.9%37.1%58.7%
IV Percentile75.5%50.3%91.0%69.0%78.9%
Term Structure0.1%-2.2%2.7%1.7%-0.0%
VWIV25.5%22.0%30.2%23.3%26.2%
Skew 25d7.4%5.4%8.6%6.3%7.5%
Skew 10d14.0%10.4%15.6%13.0%13.9%
Call IV 25d20.7%17.9%26.3%18.1%21.1%
Put IV 25d28.1%24.2%34.6%24.4%28.6%
Bid-Ask Spread %4.963.037.904.904.45
Gamma HHI0.080.050.280.050.08
Net GEX-397.3M-1.17B-106.3M-247.7M-477.7M
Net DEX-373.2M-6.45B9.28B-1.70B676.9M
Net VEX-81.2M-84.7M-77.1M-80.8M-82.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.241.404.472.452.04
Total Volume526,820.217305,2881,388,392589,530664,457
Total OI8,292,486.6967,278,2659,183,5697,648,6408,215,053

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-10-01$82.03$80.0020.8%6.0%22.8%37.1%23.3%6.3%1.7%-247.7M-1.70B-80.8M2.454.90170,752418,7782,663,2764,985,364
2007-10-02$82.56$80.0020.8%6.0%22.5%36.8%22.8%5.9%2.0%-223.0M-2.68B-81.6M2.775.22126,702350,4912,714,7815,161,944
2007-10-03$82.32$80.0021.5%6.2%22.2%40.1%23.9%5.6%2.6%-291.0M-1.78B-83.8M4.473.7265,685293,8182,760,7245,291,118
2007-10-04$82.51$80.0020.3%5.8%22.2%34.5%22.0%5.4%2.7%-264.8M-2.21B-83.0M2.556.1993,191237,2232,779,1455,372,362
2007-10-05$84.13$81.0018.4%6.2%21.7%25.0%23.0%7.7%0.4%-106.6M-6.16B-78.6M1.955.18203,503397,2262,800,9515,462,027
2007-10-08$83.50$81.0020.8%6.6%21.4%37.1%24.5%8.0%0.0%-234.7M-4.39B-80.6M2.214.8397,418215,7752,851,7905,575,519
2007-10-09$84.18$81.0019.8%6.2%21.0%32.0%24.1%7.3%0.3%-106.3M-6.45B-77.2M2.165.40110,360238,0442,873,7845,610,606
2007-10-10$84.11$81.0019.6%6.2%20.8%30.8%25.3%7.2%0.5%-125.0M-6.14B-77.1M1.465.20156,256228,5642,891,7375,639,675
2007-10-11$83.16$81.0023.6%6.8%21.5%50.9%23.8%7.6%0.2%-266.8M-3.51B-81.0M2.417.38231,061556,0942,950,6845,718,098
2007-10-12$83.82$81.0021.9%6.3%21.6%42.4%22.6%6.9%0.5%-219.8M-5.09B-79.8M1.915.55110,112209,7783,014,6915,924,280
2007-10-15$82.85$81.0023.7%6.8%21.7%51.4%25.2%7.5%0.1%-369.7M-2.30B-80.4M1.784.61218,240389,1093,028,9165,970,224
2007-10-16$81.94$81.0025.1%7.2%17.0%58.1%26.0%7.5%-0.5%-528.5M577.6M-81.8M2.884.55116,633336,1163,042,9856,000,004
2007-10-17$82.24$82.0023.9%6.8%16.4%52.0%24.8%7.4%0.2%-479.9M-440.6M-78.8M1.644.77205,344336,8173,042,4786,011,647
2007-10-18$82.12$82.0023.8%6.8%15.9%51.6%24.8%7.2%-0.0%-450.7M-135.9M-78.5M1.715.41164,751281,3793,085,7606,024,735
2007-10-19$79.09$82.0030.5%8.7%20.9%84.9%30.2%8.3%-2.2%-1.17B9.28B-80.0M3.127.90336,6781,051,7143,112,0866,071,483
2007-10-22$80.76$81.0027.1%7.8%22.2%68.2%28.9%8.3%-0.7%-511.3M4.47B-82.2M2.154.27254,053545,7202,479,1174,799,148
2007-10-23$81.38$81.0026.3%7.6%22.3%64.4%26.7%8.6%-0.8%-498.4M3.23B-83.9M2.183.74117,877256,9292,601,5544,989,430
2007-10-24$80.86$81.0026.2%7.5%22.3%63.6%27.5%8.3%-0.2%-540.8M4.54B-83.9M2.075.02229,734476,3762,620,1275,026,530
2007-10-25$80.66$81.0026.4%7.6%22.2%64.7%28.0%7.7%-0.3%-561.4M4.75B-84.7M2.015.08142,264285,4162,651,7865,117,512
2007-10-26$82.01$81.0025.0%7.2%22.5%57.8%26.1%7.3%-0.1%-469.3M1.68B-83.3M1.543.03194,896299,5032,681,9195,150,484
2007-10-29$81.92$81.0026.2%7.5%20.8%63.7%27.1%7.6%-1.2%-478.6M1.73B-81.0M1.403.65127,305177,9832,682,4995,154,746
2007-10-30$81.27$81.0029.0%8.3%20.8%77.7%30.2%8.4%-2.2%-512.1M3.46B-84.2M2.683.91107,706289,0342,834,8335,289,582
2007-10-31$82.32$81.0025.2%7.2%21.3%58.7%26.2%7.5%-0.0%-477.7M676.9M-82.1M2.044.45218,313446,1442,827,5175,387,536