IWM Options History — June 2008

In June 2008, IWM traded between $69.05 and $76.20. ATM implied volatility averaged 24.0%, placing in the 45.7% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 4.2% (HV 20d: 19.7%). Max pain ranged from $72.00 to $74.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 2.37.

Notable Days

  • 2008-06-26: Highest Volume — 980,661 contracts
  • 2008-06-30: Largest IV spike — 23.0% change
  • 2008-06-24: Highest IV Rank — 59.3%
  • 2008-06-24: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$72.65$69.05$76.20$73.99$69.05
Max Pain$73.33$72.00$74.00$72.00$73.00
ATM IV24.0%20.0%27.0%21.6%27.0%
Expected Move6.9%5.7%7.8%6.2%7.7%
HV 20d19.7%15.4%22.4%15.6%22.3%
HV 60d21.5%18.7%24.9%24.9%19.6%
IV Rank45.7%27.9%59.3%35.2%59.2%
IV Percentile34.5%12.7%50.4%24.2%50.0%
Term Structure0.9%-0.2%1.6%0.6%0.7%
VWIV25.1%20.4%26.8%24.5%26.8%
Skew 25d5.4%4.5%6.6%5.7%4.5%
Skew 10d10.3%8.4%12.8%11.4%8.9%
Call IV 25d21.9%17.1%25.2%19.0%25.0%
Put IV 25d27.3%22.4%29.9%24.7%29.5%
Bid-Ask Spread %5.263.907.294.365.15
Gamma HHI0.100.070.260.080.26
Net GEX-530.5M-921.9M-100.4M-333.8M-921.9M
Net DEX4.93B-3.40B12.49B1.61B12.49B
Net VEX-65.1M-71.7M-56.0M-68.5M-57.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.371.414.874.871.84
Total Volume614,216.095381,439980,661521,773552,225
Total OI7,281,428.3336,395,1397,972,9706,742,1917,284,066

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-06-02$73.99$72.0021.6%6.2%15.6%35.2%24.5%5.7%0.6%-333.8M1.61B-68.5M4.874.3688,822432,9512,422,2714,319,920
2008-06-03$73.84$72.0022.0%6.3%15.5%36.7%24.3%5.8%0.7%-384.4M2.27B-69.4M2.735.62142,265389,0272,444,9124,447,891
2008-06-04$74.30$72.0022.3%6.4%15.4%38.4%23.9%5.7%0.4%-379.5M1.57B-69.8M3.045.46106,335323,2352,485,5714,575,343
2008-06-05$76.20$72.0020.0%5.7%16.0%27.9%20.4%5.3%1.0%-100.4M-3.40B-66.7M1.805.08256,327462,0432,528,7634,626,510
2008-06-06$73.92$72.0024.3%7.0%20.0%47.4%25.2%5.9%0.1%-373.1M2.39B-71.7M3.395.55168,118570,7522,613,9854,647,353
2008-06-09$73.68$72.0024.2%7.1%20.0%46.7%25.0%5.8%-0.2%-475.0M3.47B-70.3M2.236.78200,366447,0742,631,8914,823,698
2008-06-10$73.14$74.0024.1%7.1%18.7%46.2%26.7%6.6%1.5%-565.5M4.82B-69.4M1.545.64185,569285,2182,671,0354,882,710
2008-06-11$71.87$74.0025.3%7.3%19.6%51.5%25.9%6.2%1.2%-672.8M7.89B-69.1M2.707.29178,467482,7132,716,3294,974,195
2008-06-12$72.02$74.0025.2%7.2%19.6%51.2%25.3%5.9%1.1%-705.3M7.30B-69.6M1.685.49170,905286,9992,701,2465,089,635
2008-06-13$73.32$74.0023.5%6.8%20.7%43.8%23.7%5.7%1.6%-527.5M3.63B-69.0M1.596.12157,544251,1092,739,5255,023,712
2008-06-16$73.78$74.0023.0%6.6%20.7%41.2%25.4%5.6%1.4%-464.8M1.81B-56.0M1.584.58265,617420,2052,501,5324,689,634
2008-06-17$73.72$74.0022.6%6.5%20.7%39.5%25.7%5.2%1.3%-480.7M2.18B-64.8M4.445.0783,311369,9662,765,9995,012,171
2008-06-18$73.13$74.0024.0%6.9%20.9%45.6%24.3%5.5%1.3%-707.1M4.27B-64.6M1.734.74178,643308,7162,753,4295,049,374
2008-06-19$73.74$74.0022.7%6.5%20.4%40.0%23.4%5.1%1.5%-555.3M2.19B-63.5M1.414.63281,759397,1662,784,5075,025,485
2008-06-20$72.57$74.0024.6%7.1%21.1%48.6%26.3%5.4%1.1%-683.3M5.93B-64.2M3.985.60182,748726,7542,853,8435,119,127
2008-06-23$71.89$74.0025.8%7.4%20.8%53.7%25.8%4.8%0.8%-463.9M6.01B-62.3M1.834.37134,912246,5272,326,7024,068,437
2008-06-24$70.70$74.0027.0%7.8%20.8%59.3%26.6%4.8%0.5%-540.0M8.47B-61.0M1.423.90336,636478,5302,391,6604,193,273
2008-06-25$71.50$73.0025.3%7.2%21.2%51.4%25.0%4.7%0.8%-573.7M7.18B-62.7M2.094.97180,783377,2042,542,7054,361,974
2008-06-26$69.66$74.0026.8%7.7%22.4%58.4%26.7%4.9%0.5%-599.7M10.81B-59.3M2.304.67296,763683,8982,572,8594,336,932
2008-06-27$69.70$74.0022.0%7.5%22.3%36.7%26.7%5.1%1.2%-633.1M10.60B-58.4M1.605.33312,020498,3162,572,8594,336,932
2008-06-30$69.05$73.0027.0%7.7%22.3%59.2%26.8%4.5%0.7%-921.9M12.49B-57.0M1.845.15194,675357,5502,767,4944,516,572