IWM Options History — December 2019

In December 2019, IWM traded between $159.56 and $166.57. ATM implied volatility averaged 13.7%, placing in the 6.9% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 3.0% (HV 20d: 10.7%). Max pain ranged from $157.00 to $162.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.25.

Notable Days

  • 2019-12-12: Highest Volume — 478,860 contracts
  • 2019-12-27: Largest IV spike — 10.6% change
  • 2019-12-03: Highest IV Rank — 18.5%
  • 2019-12-03: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$163.84$159.56$166.57$160.29$166.15
Max Pain$159.05$157.00$162.00$158.00$162.00
ATM IV13.7%12.0%16.5%15.2%14.0%
Expected Move4.0%3.4%5.1%4.5%3.9%
HV 20d10.7%7.9%12.0%10.5%7.9%
HV 60d13.1%11.1%14.4%14.4%11.1%
IV Rank6.9%0.0%18.5%12.1%13.2%
IV Percentile12.8%0.0%44.8%28.2%9.5%
Term Structure0.4%-0.0%0.7%-0.0%0.3%
VWIV15.1%12.2%18.7%16.6%15.8%
Skew 25d4.3%3.5%5.2%4.2%4.9%
Skew 10d8.7%7.1%10.7%8.1%10.2%
Call IV 25d12.0%10.4%14.6%13.5%11.9%
Put IV 25d16.4%14.3%19.8%17.7%16.8%
Bid-Ask Spread %1.501.311.951.531.80
Gamma HHI0.080.040.160.040.09
Net GEX568.4M-213.9M1.28B1.4M431.2M
Net DEX-3.90B-7.49B745.2M-899.0M-3.18B
Net VEX-55.4M-63.4M-50.5M-60.6M-52.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.250.412.011.792.01
Total Volume262,070.14389,950478,860328,031307,135
Total OI4,341,237.7623,642,6014,884,5514,255,2893,792,169

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-12-02$160.29$158.0015.2%4.5%10.5%12.1%16.6%4.2%-0.0%1.4M-899.0M-60.6M1.791.53117,602210,4291,377,0012,878,288
2019-12-03$159.56$158.0016.5%5.1%10.4%18.5%18.6%5.2%0.3%-213.9M745.2M-63.4M1.951.51102,922201,1291,402,8492,980,961
2019-12-04$160.97$158.0015.6%4.7%10.8%14.2%16.5%4.8%0.5%64.6M-1.62B-62.2M1.741.3978,186135,7601,430,7053,042,606
2019-12-05$160.99$157.0015.2%4.6%10.5%12.1%18.6%4.5%0.5%24.8M-1.72B-61.3M1.731.5283,331143,9111,457,6473,123,416
2019-12-06$163.00$157.0013.8%4.2%11.3%5.4%16.0%3.6%0.7%884.1M-5.63B-57.4M0.761.52193,384146,3931,467,8523,200,145
2019-12-09$162.61$157.0015.1%4.4%11.3%11.6%16.4%4.5%0.1%328.6M-4.11B-57.9M1.401.3573,706103,1511,408,8853,153,277
2019-12-10$162.33$157.0015.3%4.6%11.3%12.6%18.7%4.9%0.7%243.6M-3.41B-59.0M1.701.5390,074153,4621,436,5523,215,977
2019-12-11$162.50$157.0015.2%4.5%11.3%12.0%17.5%4.7%0.7%269.1M-3.79B-58.3M1.241.4777,67896,0261,450,2243,269,710
2019-12-12$164.17$158.0014.1%4.2%11.6%6.8%14.4%3.9%0.4%952.6M-7.49B-54.7M0.571.95304,340174,5201,491,7923,267,043
2019-12-13$163.07$158.0012.9%3.8%12.0%0.5%13.7%3.5%0.6%1.03B-5.62B-53.2M0.411.70297,007122,7791,573,2793,311,272
2019-12-16$163.75$159.0012.5%3.6%12.0%0.0%14.4%3.8%0.4%792.5M-3.67B-52.1M0.811.50166,916134,6881,278,8753,184,261
2019-12-17$164.50$160.0012.4%3.6%11.9%0.0%12.8%3.8%0.0%963.3M-4.61B-50.5M0.981.54108,445106,6541,278,5863,200,735
2019-12-18$165.14$160.0012.1%3.5%11.9%0.0%13.0%3.8%0.2%1.15B-5.57B-50.7M0.771.31108,63583,4401,296,5633,262,423
2019-12-19$165.50$160.0012.2%3.5%11.7%0.4%13.6%3.9%0.0%1.18B-5.90B-51.6M1.431.33117,907168,7221,311,8603,304,737
2019-12-20$166.00$160.0012.0%3.4%11.4%0.0%12.5%3.7%0.3%1.28B-6.48B-52.5M0.991.38220,257218,6651,345,0063,341,048
2019-12-23$166.11$160.0012.2%3.4%11.4%0.9%12.2%4.2%0.5%599.8M-4.31B-52.5M1.051.4361,06764,1111,086,3442,556,257
2019-12-24$166.42$160.0012.1%3.4%8.9%0.8%12.9%4.4%0.6%628.4M-4.46B-53.7M1.321.4938,85151,0991,117,9852,584,420
2019-12-26$166.57$161.0012.2%3.4%8.9%1.3%13.5%4.5%0.6%733.4M-4.66B-51.7M0.991.4968,73068,3171,117,0452,630,703
2019-12-27$165.69$161.0013.5%3.8%9.1%8.4%13.6%4.6%0.4%348.7M-3.09B-54.0M1.071.49115,315123,3371,139,4612,658,241
2019-12-30$165.39$162.0014.3%4.1%8.9%13.8%15.5%5.1%0.3%232.7M-2.47B-52.6M1.531.33105,099160,2931,099,2702,640,523
2019-12-31$166.15$162.0014.0%3.9%7.9%13.2%15.8%4.9%0.3%431.2M-3.18B-52.6M2.011.80101,899205,2361,104,7412,687,428