IWM Options History — April 2010

In April 2010, IWM traded between $68.43 and $74.13. ATM implied volatility averaged 18.7%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 3.7% (HV 20d: 15.0%). Max pain ranged from $67.00 to $71.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 3.27.

Notable Days

  • 2010-04-15: Highest Volume — 911,322 contracts
  • 2010-04-15: Largest IV spike — 26.0% change
  • 2010-04-30: Highest IV Rank — 30.3%
  • 2010-04-30: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.55$68.43$74.13$68.43$71.65
Max Pain$69.19$67.00$71.00$68.00$71.00
ATM IV18.7%15.5%23.9%19.7%23.9%
Expected Move5.7%5.1%6.9%5.7%6.9%
HV 20d15.0%13.5%21.0%14.0%21.0%
HV 60d17.2%16.0%18.0%17.6%18.0%
IV Rank9.0%0.0%30.3%7.9%30.3%
IV Percentile8.6%0.0%33.7%7.5%33.7%
Term Structure1.7%0.2%2.4%1.3%1.0%
VWIV21.4%19.3%25.5%20.2%25.5%
Skew 25d4.9%4.1%7.0%4.7%7.0%
Skew 10d10.3%8.1%13.3%8.7%13.3%
Call IV 25d17.9%16.4%21.5%17.4%21.5%
Put IV 25d22.7%20.7%28.5%22.1%28.5%
Bid-Ask Spread %3.292.437.863.697.86
Gamma HHI0.070.060.090.090.06
Net GEX-223.5M-417.2M22.0M-312.5M-417.2M
Net DEX-1.92B-5.11B1.32B538.5M1.32B
Net VEX-43.1M-54.8M-36.0M-39.6M-54.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.271.485.311.484.59
Total Volume514,873.095282,860911,322538,588575,428
Total OI5,871,920.7144,965,4846,846,2775,056,6056,402,294

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2010-04-01$68.43$68.0019.7%5.7%14.0%7.9%20.2%4.7%1.3%-312.5M538.5M-39.6M1.483.69217,006321,5821,333,4293,723,176
2010-04-05$69.71$67.0016.9%5.5%13.7%0.0%21.3%4.7%1.9%-154.2M-2.05B-36.4M4.392.7958,289255,8571,427,6483,877,299
2010-04-06$70.12$68.0016.9%5.6%13.8%0.1%20.2%4.5%1.9%-122.2M-2.52B-36.0M2.732.45173,898475,4121,426,7513,930,611
2010-04-07$69.90$68.0017.2%5.6%13.9%0.9%20.8%4.6%2.0%-185.9M-1.75B-39.1M4.902.5487,030426,6081,474,2844,148,009
2010-04-08$69.83$68.0016.2%5.6%13.7%0.0%21.1%4.6%2.0%-181.5M-1.75B-38.8M2.522.70160,909406,1061,474,2844,148,009
2010-04-09$70.25$68.0015.9%5.6%13.8%0.0%20.3%4.7%2.1%-251.8M-1.65B-41.2M2.494.08107,807268,0841,572,4004,477,013
2010-04-12$70.54$68.0016.5%5.5%13.8%2.0%21.2%4.8%1.7%-195.6M-2.53B-39.0M2.622.9296,795253,8161,629,8554,549,691
2010-04-13$70.70$68.0015.7%5.5%13.6%0.0%21.6%4.9%1.6%-158.7M-2.74B-39.6M4.722.6349,435233,4251,647,6464,675,103
2010-04-14$72.21$69.0015.5%5.5%15.1%0.0%21.0%4.4%1.8%22.0M-5.10B-37.0M3.102.73156,046483,3131,652,7574,698,917
2010-04-15$72.43$69.0019.6%5.6%15.0%12.2%21.2%4.1%2.0%-38.3M-5.11B-38.6M4.192.96175,436735,8861,666,5044,919,339
2010-04-16$71.46$69.0020.5%5.9%16.0%15.1%21.7%4.9%2.2%-182.9M-2.79B-44.5M2.583.40206,267531,2211,661,3615,184,916
2010-04-19$71.11$70.0020.2%5.8%15.3%14.1%21.6%5.4%1.7%-258.5M-249.0M-45.4M4.483.72106,844478,5981,242,9223,722,562
2010-04-20$72.08$70.0018.7%5.4%15.2%9.6%20.7%4.8%2.1%-260.7M-1.29B-45.3M4.093.3494,644387,3621,313,0183,937,179
2010-04-21$72.58$70.0017.6%5.1%14.9%6.5%19.3%4.3%2.4%-291.0M-1.42B-45.7M3.252.4387,604284,7131,333,6204,117,128
2010-04-22$73.35$70.0018.8%5.4%13.8%10.3%19.9%4.2%1.7%-292.1M-2.30B-44.0M1.852.79215,668398,0701,376,1454,228,486
2010-04-23$74.13$70.0018.1%5.2%13.5%7.9%19.5%4.2%1.9%-203.4M-3.45B-44.1M2.042.45174,806356,0911,486,0334,395,134
2010-04-26$73.85$70.0019.7%5.6%13.7%12.8%21.6%4.3%1.3%-220.1M-3.02B-44.5M5.313.0671,130377,9821,486,0334,395,332
2010-04-27$72.16$70.0023.4%6.7%16.8%24.4%24.6%5.4%0.2%-356.0M37.1M-51.5M2.803.22127,850357,9861,544,9634,637,657
2010-04-28$72.28$71.0022.0%6.3%16.8%20.6%23.1%6.1%1.3%-358.6M-174.5M-50.9M1.823.43156,369284,6811,532,3154,586,981
2010-04-29$73.81$71.0019.6%5.6%17.4%14.6%22.8%5.7%1.7%-273.7M-2.25B-48.3M2.653.91108,559287,7221,585,3374,688,194
2010-04-30$71.65$71.0023.9%6.9%21.0%30.3%25.5%7.0%1.0%-417.2M1.32B-54.8M4.597.86102,927472,5011,617,2474,785,047