IWM Options History — October 2009

In October 2009, IWM traded between $56.33 and $62.34. ATM implied volatility averaged 27.9%, placing in the 5.2% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 5.4% (HV 20d: 22.5%). Max pain ranged from $58.00 to $61.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 2.55.

Notable Days

  • 2009-10-28: Highest Volume — 657,684 contracts
  • 2009-10-12: Largest IV spike — 18.8% change
  • 2009-10-30: Highest IV Rank — 16.0%
  • 2009-10-30: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.07$56.33$62.34$58.44$56.33
Max Pain$59.68$58.00$61.00$61.00$60.00
ATM IV27.9%24.6%33.6%32.3%33.6%
Expected Move8.1%7.1%9.6%9.3%9.6%
HV 20d22.5%21.7%25.5%21.8%25.5%
HV 60d21.8%20.8%23.4%22.4%23.4%
IV Rank5.2%0.0%16.0%11.1%16.0%
IV Percentile14.1%0.0%38.1%27.4%38.1%
Term Structure0.8%-0.9%1.8%0.1%-0.9%
VWIV29.0%25.2%33.6%32.2%33.6%
Skew 25d6.2%4.9%7.5%5.8%7.5%
Skew 10d13.0%9.8%15.8%13.4%15.8%
Call IV 25d25.4%22.5%30.0%29.3%30.0%
Put IV 25d31.6%27.8%37.5%35.2%37.5%
Bid-Ask Spread %3.813.145.514.804.09
Gamma HHI0.080.060.120.080.08
Net GEX-135.8M-209.4M-42.6M-163.2M-209.4M
Net DEX213.5M-2.17B4.12B1.62B4.12B
Net VEX-32.0M-41.1M-29.2M-41.1M-34.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.551.514.182.993.34
Total Volume303,688.864152,693657,684310,203596,612
Total OI4,777,099.3184,268,0815,262,1284,828,8725,262,128

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-10-01$58.44$61.0032.3%9.3%21.8%11.1%32.2%5.8%0.1%-163.2M1.62B-41.1M2.994.8077,726232,4771,584,0963,244,776
2009-10-02$58.00$61.0031.0%8.9%21.9%9.1%31.4%5.3%0.9%-159.2M1.41B-30.5M3.013.6887,060262,0411,521,2692,868,707
2009-10-05$59.04$58.0029.6%8.7%22.2%7.2%32.0%7.3%0.2%-156.0M646.8M-31.5M3.403.7962,251211,7591,533,8912,948,670
2009-10-06$60.14$58.0028.2%8.3%22.7%5.1%30.5%6.6%0.4%-146.2M-170.5M-31.2M3.463.7268,914238,3821,542,0903,024,704
2009-10-07$60.16$58.0027.9%8.2%22.1%4.7%29.6%6.7%0.6%-160.8M-6.4M-32.3M2.263.5746,868105,8251,551,9883,183,223
2009-10-08$60.71$59.0026.3%8.0%21.9%2.3%29.3%6.8%0.8%-145.1M-591.8M-32.0M1.563.14104,670163,2021,572,2653,229,693
2009-10-09$61.42$59.0024.6%7.9%22.2%0.0%28.7%6.8%1.0%-119.8M-1.22B-31.6M1.733.2577,783134,2511,618,8763,292,139
2009-10-12$61.43$59.0029.3%8.0%21.9%6.7%30.3%6.6%0.7%-128.9M-1.16B-31.2M2.403.1658,868141,5331,649,1423,333,762
2009-10-13$61.17$59.0026.8%7.9%21.9%3.4%28.6%6.2%0.8%-172.6M-834.9M-31.3M1.543.7995,870147,9021,657,8753,386,412
2009-10-14$62.34$59.0026.1%7.6%21.7%2.3%28.1%6.3%1.2%-65.9M-2.16B-30.1M1.594.12105,147166,6921,677,4203,361,554
2009-10-15$62.30$60.0025.8%7.4%21.7%1.9%28.0%6.0%1.7%-42.6M-2.17B-30.2M3.964.2244,763177,3981,691,5363,396,862
2009-10-16$61.68$60.0024.9%7.1%21.9%0.5%26.4%5.5%1.8%-91.4M-1.36B-30.1M3.023.9692,359279,1551,670,2583,475,642
2009-10-19$62.19$60.0024.8%7.1%22.1%0.3%25.7%4.9%1.5%-85.4M-1.26B-29.2M2.123.8968,715145,8261,433,7612,834,320
2009-10-20$61.33$60.0025.2%7.2%22.6%1.0%25.2%5.1%1.7%-96.9M-795.4M-30.6M2.443.5248,709118,7401,458,9982,909,939
2009-10-21$60.50$61.0027.0%7.7%22.9%4.2%27.2%5.3%0.8%-116.4M56.5M-30.7M2.674.3362,381166,2881,478,1892,954,611
2009-10-22$61.34$61.0025.3%7.3%22.2%1.2%26.2%5.7%1.3%-114.1M-494.1M-31.3M2.173.2787,983190,5581,494,9283,008,264
2009-10-23$60.06$60.0026.5%7.6%23.4%3.3%27.1%5.3%0.9%-132.6M367.5M-31.8M2.543.6774,756189,7041,531,0793,073,488
2009-10-26$59.52$60.0028.0%8.0%21.9%5.9%28.7%5.9%0.8%-151.1M991.7M-32.4M1.513.18147,602222,2651,554,2813,165,692
2009-10-27$58.79$60.0028.3%8.1%22.2%6.6%28.3%6.0%0.5%-157.0M1.65B-33.0M1.743.92110,985192,9551,633,6373,245,762
2009-10-28$56.83$60.0032.1%9.2%24.8%13.4%31.7%7.2%-0.4%-176.1M3.35B-33.1M4.185.51127,040530,6441,638,4403,295,053
2009-10-29$57.91$60.0029.2%8.4%23.7%8.2%30.4%6.6%0.2%-196.6M2.71B-34.0M2.473.33119,987296,5091,666,7413,440,024
2009-10-30$56.33$60.0033.6%9.6%25.5%16.0%33.6%7.5%-0.9%-209.4M4.12B-34.8M3.344.09137,438459,1741,700,8303,561,298