IWM Options History — October 2015

In October 2015, IWM traded between $108.14 and $116.92. ATM implied volatility averaged 18.5%, placing in the 32.7% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded below realized volatility by 3.3% (HV 20d: 21.8%). Max pain ranged from $115.00 to $116.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 2.46.

Notable Days

  • 2015-10-28: Highest Volume — 905,636 contracts
  • 2015-10-15: Largest IV drop — 12.8% change
  • 2015-10-01: Highest IV Rank — 63.7%
  • 2015-10-01: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$114.32$108.14$116.92$108.14$115.44
Max Pain$115.73$115.00$116.00$116.00$116.00
ATM IV18.5%16.2%24.4%24.4%16.9%
Expected Move5.4%4.7%7.0%7.0%5.0%
HV 20d21.8%19.0%23.9%19.0%20.1%
HV 60d20.5%18.9%21.7%18.9%21.6%
IV Rank32.7%20.6%63.7%63.7%24.2%
IV Percentile65.9%46.0%95.6%95.6%55.2%
Term Structure0.1%-0.4%0.6%-0.2%0.5%
VWIV20.0%17.1%24.4%24.4%18.8%
Skew 25d5.6%4.8%7.0%7.0%5.0%
Skew 10d10.8%9.3%13.6%13.6%9.7%
Call IV 25d15.9%14.2%20.9%20.9%14.6%
Put IV 25d21.5%18.9%27.9%27.9%19.6%
Bid-Ask Spread %2.201.852.932.532.32
Gamma HHI0.060.050.080.060.06
Net GEX-949.5M-1.44B-308.1M-1.31B-786.0M
Net DEX7.35B2.23B19.15B19.15B5.69B
Net VEX-61.2M-63.5M-59.0M-60.0M-62.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.460.864.263.472.58
Total Volume581,196.955302,272905,636669,360614,905
Total OI5,517,365.2274,790,2546,316,0545,448,0505,503,633

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-10-01$108.14$116.0024.4%7.0%19.0%63.7%24.4%7.0%-0.2%-1.31B19.15B-60.0M3.472.53149,647519,7131,523,2403,924,810
2015-10-02$110.45$116.0021.9%6.3%20.7%50.8%22.9%6.0%-0.0%-967.0M14.57B-63.5M1.912.55291,747556,1141,661,9404,088,921
2015-10-05$113.19$116.0020.4%5.9%22.6%42.6%22.8%6.3%0.0%-973.1M8.55B-62.3M2.422.93185,550448,4511,618,8163,942,227
2015-10-06$112.56$116.0020.9%6.0%21.5%45.3%22.6%6.4%0.0%-1.10B10.21B-62.9M2.512.12168,850424,6111,648,1154,033,385
2015-10-07$114.28$116.0019.4%5.8%21.9%37.5%22.7%6.0%0.3%-960.0M6.77B-63.3M2.522.04151,517381,0741,688,3744,158,330
2015-10-08$115.44$115.0018.6%5.5%22.2%33.2%21.8%5.6%0.1%-789.5M4.18B-62.2M2.612.17173,594452,8421,714,0964,179,965
2015-10-09$115.66$115.0018.6%5.3%22.1%33.1%20.6%5.9%0.2%-818.5M4.03B-62.9M2.662.04116,852311,2281,744,1494,282,105
2015-10-12$115.52$115.0017.7%5.1%22.1%28.6%19.6%5.6%0.0%-935.3M4.92B-60.4M3.182.2698,388312,8891,678,7484,134,161
2015-10-13$114.00$116.0019.3%5.5%22.1%36.6%20.3%6.0%-0.1%-1.20B8.45B-60.3M4.261.99139,039592,3451,707,4344,153,728
2015-10-14$112.76$116.0019.5%5.6%22.2%38.1%21.2%6.0%0.0%-1.44B12.29B-61.6M2.772.11179,189496,8331,743,3814,314,518
2015-10-15$115.46$115.0017.0%5.0%23.9%24.8%19.6%5.1%0.6%-1.16B5.22B-60.2M2.242.19175,715393,7821,790,2354,401,683
2015-10-16$115.38$115.0017.0%5.0%23.4%24.4%18.0%5.3%0.6%-1.06B5.48B-60.1M3.062.01193,666592,5301,813,2524,502,802
2015-10-19$115.68$116.0017.0%4.9%23.4%24.7%18.6%5.6%-0.2%-827.2M5.09B-60.2M2.692.49114,554308,5801,272,6443,517,610
2015-10-20$115.20$116.0017.5%5.0%22.2%27.2%17.1%5.4%-0.1%-883.6M5.93B-60.8M2.232.03104,200231,9261,301,6753,572,008
2015-10-21$113.73$116.0019.2%5.5%22.7%36.1%19.8%5.5%-0.4%-1.19B8.68B-61.7M2.142.03147,757315,8281,335,7093,616,482
2015-10-22$114.47$116.0017.7%5.1%22.8%28.4%18.3%5.2%-0.1%-1.09B7.27B-61.0M1.642.00170,545280,5241,355,1573,690,964
2015-10-23$115.77$115.0016.4%4.7%22.4%21.8%18.1%5.0%-0.3%-578.6M4.33B-60.2M2.751.91180,701496,1661,426,1053,710,932
2015-10-26$115.29$116.0016.9%4.9%19.7%24.4%18.2%5.3%0.4%-817.9M5.67B-59.8M2.341.8590,496211,7761,392,8773,579,949
2015-10-27$113.87$116.0017.8%5.2%20.0%29.0%18.5%5.2%0.3%-1.07B8.45B-59.9M1.702.16228,388389,2511,408,6383,629,265
2015-10-28$116.92$116.0016.2%4.8%21.2%20.6%17.5%4.8%0.3%-308.1M2.23B-59.0M0.862.38486,121419,5151,491,3683,690,607
2015-10-29$115.85$116.0017.0%5.0%21.1%24.6%17.7%4.9%0.3%-630.9M4.61B-61.7M1.602.28188,306300,6281,612,3843,825,613
2015-10-30$115.44$116.0016.9%5.0%20.1%24.2%18.8%5.0%0.5%-786.0M5.69B-62.0M2.582.32171,708443,1971,642,0233,861,610