IWM Options History — February 2019

In February 2019, IWM traded between $149.11 and $158.42. ATM implied volatility averaged 15.3%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 3.7% (HV 20d: 11.6%). Max pain ranged from $146.00 to $152.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 2.31.

Notable Days

  • 2019-02-15: Highest Volume — 526,337 contracts
  • 2019-02-07: Largest IV spike — 8.0% change
  • 2019-02-07: Highest IV Rank — 26.1%
  • 2019-02-01: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$154.07$149.11$158.42$149.11$157.08
Max Pain$148.68$146.00$152.00$146.00$152.00
ATM IV15.3%14.0%16.5%16.4%14.9%
Expected Move4.4%3.9%4.9%4.9%4.2%
HV 20d11.6%9.1%16.7%16.7%9.2%
HV 60d22.7%21.7%23.6%23.6%21.7%
IV Rank20.5%14.7%26.1%25.8%19.0%
IV Percentile50.6%40.9%57.9%56.0%49.6%
Term Structure0.2%-0.3%0.6%0.3%0.1%
VWIV16.9%15.5%19.9%19.9%15.9%
Skew 25d4.2%3.5%4.8%3.9%4.6%
Skew 10d8.6%7.2%9.9%8.4%9.7%
Call IV 25d13.5%12.3%14.5%14.5%13.1%
Put IV 25d17.6%16.1%19.2%18.4%17.7%
Bid-Ask Spread %1.731.551.911.781.62
Gamma HHI0.050.040.090.050.06
Net GEX898.0K-327.3M339.5M32.7M-327.3M
Net DEX-3.67B-8.42B-307.2M-2.14B-2.21B
Net VEX-59.1M-65.4M-55.8M-60.2M-65.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.311.034.112.691.99
Total Volume318,080.895187,413526,337392,253262,886
Total OI4,080,063.7373,584,4294,559,5444,023,3674,272,355

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-02-01$149.11$146.0016.4%4.9%16.7%25.8%19.9%3.9%0.3%32.7M-2.14B-60.2M2.691.78106,416285,8371,273,9822,749,385
2019-02-04$150.35$146.0015.4%4.6%13.6%21.2%17.1%3.9%0.6%67.9M-2.44B-57.5M1.591.5975,756120,2231,185,8542,674,117
2019-02-05$151.19$146.0015.5%4.6%12.6%21.7%17.9%3.8%0.4%88.9M-3.31B-57.1M1.461.81165,818242,8311,201,3082,747,298
2019-02-06$150.96$147.0015.3%4.5%12.2%20.6%17.7%3.9%0.3%77.9M-2.98B-59.5M3.141.6846,560146,3821,268,5132,826,265
2019-02-07$149.75$147.0016.5%4.8%12.6%26.1%18.9%4.7%0.1%-222.9M-622.4M-62.2M3.331.7293,947312,8621,275,5232,918,179
2019-02-08$149.65$147.0016.3%4.7%12.6%25.0%18.2%4.7%0.0%-276.7M-307.2M-62.2M2.721.7767,384183,0231,280,8293,015,194
2019-02-11$151.06$147.0015.8%4.6%12.8%23.1%18.2%4.7%0.3%-55.6M-2.28B-58.8M1.031.7792,32995,0841,240,7522,924,834
2019-02-12$152.74$147.0015.3%4.4%12.4%20.4%16.5%4.0%0.5%169.0M-4.82B-55.8M1.591.87115,321183,8971,247,6742,966,119
2019-02-13$153.53$148.0015.0%4.3%12.3%19.2%15.8%3.9%0.5%223.2M-5.53B-57.5M1.891.8489,036168,3941,291,1193,035,438
2019-02-14$154.15$148.0015.4%4.4%12.3%21.3%17.6%4.0%0.3%242.3M-6.07B-57.8M3.021.8087,237263,4711,307,7023,146,329
2019-02-15$156.00$149.0014.7%4.2%12.5%17.8%16.3%3.5%0.3%339.5M-8.42B-56.1M1.441.77216,116310,2211,319,5563,239,988
2019-02-19$156.93$150.0014.9%4.2%12.3%18.7%15.9%4.1%0.0%57.3M-4.43B-56.3M2.161.8087,687189,2231,047,3662,537,063
2019-02-20$157.33$150.0014.6%4.1%9.5%17.7%15.8%4.1%0.2%68.3M-4.84B-56.4M2.421.8380,242194,4141,080,8542,605,463
2019-02-21$156.53$150.0014.9%4.2%9.9%19.0%15.8%4.2%-0.3%-111.4M-3.60B-58.2M2.351.9197,953229,9051,108,0682,672,599
2019-02-22$158.00$150.0014.0%3.9%10.0%14.7%15.6%3.9%-0.0%63.7M-5.35B-57.4M2.561.58101,833261,1751,149,5502,777,387
2019-02-25$158.42$151.0014.5%4.1%9.2%17.0%15.9%4.2%-0.2%20.8M-4.78B-58.0M2.491.55118,568295,4891,117,0472,777,636
2019-02-26$157.40$152.0015.3%4.3%9.1%20.6%15.5%4.7%-0.3%-201.4M-3.02B-62.6M4.111.6573,329301,6081,171,8172,868,847
2019-02-27$157.17$152.0015.4%4.4%9.2%21.1%16.0%4.8%-0.0%-239.1M-2.56B-64.3M1.911.6096,646184,4341,201,3142,997,887
2019-02-28$157.08$152.0014.9%4.2%9.2%19.0%15.9%4.6%0.1%-327.3M-2.21B-65.4M1.991.6287,969174,9171,237,0463,035,309