IWM Options History — October 2008

In October 2008, IWM traded between $44.86 and $67.02. ATM implied volatility averaged 67.3%, placing in the 60.9% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded below realized volatility by 4.7% (HV 20d: 71.9%). Max pain ranged from $63.00 to $73.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 2.09.

Notable Days

  • 2008-10-06: Highest Volume — 1,535,599 contracts
  • 2008-10-06: Largest IV spike — 30.2% change
  • 2008-10-10: Highest IV Rank — 95.2%
  • 2008-10-27: Largest Expected Move — 22.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.75$44.86$67.02$67.02$53.75
Max Pain$67.26$63.00$73.00$73.00$63.00
ATM IV67.3%43.8%94.3%43.8%57.7%
Expected Move17.5%12.6%22.3%12.6%16.5%
HV 20d71.9%50.3%87.8%50.3%87.8%
HV 60d48.8%35.0%59.9%35.0%59.9%
IV Rank60.9%31.9%95.2%31.9%48.7%
IV Percentile97.6%92.9%99.6%99.2%92.9%
Term Structure-6.6%-10.5%-2.2%-5.1%-3.5%
VWIV59.7%45.1%74.0%45.1%61.3%
Skew 25d16.6%8.6%22.8%8.6%18.4%
Skew 10d30.3%16.6%42.7%16.6%34.1%
Call IV 25d53.1%39.7%69.1%39.7%49.7%
Put IV 25d69.7%48.3%89.8%48.3%68.1%
Bid-Ask Spread %10.186.1426.547.116.98
Gamma HHI0.060.040.070.060.05
Net GEX-172.6M-358.1M-71.6M-317.9M-93.5M
Net DEX12.87B7.97B17.70B7.97B8.95B
Net VEX-34.0M-55.8M-21.2M-55.8M-35.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.090.644.413.421.20
Total Volume608,171.652236,1311,535,599397,475389,761
Total OI6,325,640.5225,389,4237,458,0685,820,6446,016,993

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-10-01$67.02$73.0043.8%12.6%50.3%31.9%45.1%8.6%-5.1%-317.9M7.97B-55.8M3.427.1190,022307,4532,182,4943,638,150
2008-10-02$63.58$72.0053.0%15.2%52.3%43.5%53.8%12.3%-8.3%-309.8M10.67B-51.0M3.317.45177,155586,3252,205,2163,683,271
2008-10-03$62.70$72.0049.7%14.3%52.3%39.3%52.0%11.4%-5.9%-358.1M13.39B-47.8M4.416.57158,040696,3022,276,1073,901,945
2008-10-06$59.72$71.0064.8%14.3%53.9%58.1%50.3%14.7%-5.4%-306.5M14.82B-42.4M4.226.64294,3781,241,2212,305,4634,035,844
2008-10-07$55.80$70.0066.6%15.3%57.6%59.9%50.2%13.0%-6.0%-268.3M16.65B-35.6M2.917.75223,919651,6492,452,3014,259,881
2008-10-08$54.46$70.0074.8%17.0%57.2%70.4%57.9%14.3%-7.5%-233.9M17.12B-33.9M2.106.90274,201575,1462,490,0484,320,872
2008-10-09$49.99$70.0082.5%18.6%62.0%80.1%57.2%14.1%-2.2%-141.9M17.70B-24.6M1.8617.94281,289522,7532,568,9874,310,810
2008-10-10$52.45$69.0094.3%19.9%65.9%95.2%68.6%18.4%-9.7%-173.7M16.31B-32.6M1.6026.54329,952527,9182,659,4724,279,207
2008-10-13$56.98$68.0075.7%16.3%73.6%71.5%52.5%16.5%-7.2%-260.5M14.02B-39.6M2.369.43234,763554,2012,741,0334,376,848
2008-10-14$55.38$67.0075.2%17.1%72.5%70.9%53.9%14.1%-7.3%-242.7M14.64B-37.8M1.1410.15258,838294,7812,831,6774,447,541
2008-10-15$50.41$67.0089.2%19.3%77.3%88.7%63.4%15.7%-10.5%-136.6M16.48B-27.3M2.0212.78223,692452,7252,927,8804,308,483
2008-10-16$53.71$66.0063.3%18.1%78.0%55.8%64.7%19.2%-8.9%-188.4M15.10B-32.4M1.9010.07296,559562,9292,978,9224,272,038
2008-10-17$52.45$66.0065.3%18.7%77.9%58.4%62.7%17.4%-8.4%-134.9M15.52B-31.6M1.7414.74224,134390,6773,062,0114,396,057
2008-10-20$54.69$65.0051.4%14.7%80.3%40.7%50.4%15.1%-2.3%-118.5M10.09B-33.5M0.647.22193,152123,8032,151,2173,238,206
2008-10-21$53.18$65.0053.4%15.3%80.5%43.3%52.6%15.0%-2.7%-107.2M10.48B-30.7M1.129.76168,048188,5662,232,7243,248,048
2008-10-22$50.49$65.0065.8%18.9%81.6%58.9%64.1%19.1%-6.0%-89.2M10.75B-30.2M1.287.73130,514167,3362,359,2513,296,065
2008-10-23$48.99$65.0064.6%18.5%81.3%57.4%65.7%20.6%-5.6%-84.9M11.28B-26.9M1.918.28164,858314,5702,369,7153,327,664
2008-10-24$47.17$65.0075.1%21.5%81.2%70.8%74.0%22.8%-7.9%-77.2M11.48B-24.5M1.4217.43142,434201,8312,404,7383,384,741
2008-10-27$44.86$65.0077.9%22.3%78.7%74.3%73.7%20.8%-9.6%-71.6M11.63B-21.2M1.876.1482,325153,8062,432,0493,417,314
2008-10-28$48.45$65.0068.7%19.7%82.9%62.6%64.7%21.1%-7.4%-83.6M10.78B-29.1M2.4910.10137,594342,1732,458,2013,427,866
2008-10-29$48.70$64.0068.8%19.7%83.2%62.7%69.2%19.8%-7.0%-79.7M10.42B-26.6M1.798.39145,382260,5812,494,7903,330,325
2008-10-30$51.43$64.0065.0%18.6%85.6%58.0%65.6%19.5%-6.4%-90.6M9.71B-31.6M1.378.04105,697144,4952,538,9273,448,340
2008-10-31$53.75$63.0057.7%16.5%87.8%48.7%61.3%18.4%-3.5%-93.5M8.95B-35.1M1.206.98177,268212,4932,552,9023,464,091