IWM Options History — March 2021

In March 2021, IWM traded between $213.01 and $233.86. ATM implied volatility averaged 29.4%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 0.9% (HV 20d: 28.5%). Max pain ranged from $210.00 to $225.00. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 2.32.

Notable Days

  • 2021-03-25: Highest Volume — 1,249,928 contracts
  • 2021-03-23: Largest IV spike — 16.5% change
  • 2021-03-04: Highest IV Rank — 18.7%
  • 2021-03-04: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$223.10$213.01$233.86$226.25$221.54
Max Pain$221.87$210.00$225.00$210.00$222.00
ATM IV29.4%25.6%35.2%30.0%27.2%
Expected Move8.5%7.4%9.8%8.9%8.0%
HV 20d28.5%24.4%32.7%24.5%30.5%
HV 60d24.2%21.6%26.4%21.6%26.3%
IV Rank10.1%3.3%18.7%9.8%7.5%
IV Percentile38.0%5.2%64.7%43.7%25.8%
Term Structure-0.3%-0.9%0.3%0.1%-0.3%
VWIV32.0%26.8%36.9%34.8%28.9%
Skew 25d8.6%7.0%10.4%10.0%7.8%
Skew 10d15.7%12.8%19.0%18.4%14.4%
Call IV 25d25.8%22.7%30.6%25.7%24.0%
Put IV 25d34.4%29.6%41.0%35.6%31.7%
Bid-Ask Spread %1.941.553.121.992.12
Gamma HHI0.040.030.050.040.04
Net GEX-727.5M-1.60B147.9M-416.9M-549.7M
Net DEX-7.59B-25.48B12.95B-14.71B-2.51B
Net VEX-154.9M-167.2M-143.1M-150.6M-160.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.321.323.393.171.53
Total Volume628,249.565324,5301,249,928571,862445,354
Total OI7,006,663.6525,671,7577,797,3176,810,6966,769,894

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-01$226.25$210.0030.0%8.9%24.5%9.8%34.8%10.0%0.1%-416.9M-14.71B-150.6M3.171.99136,979434,8832,063,7974,746,899
2021-03-02$222.69$210.0031.3%9.2%24.5%12.0%34.0%10.2%-0.5%-759.2M-9.72B-154.7M1.972.03128,190252,6712,087,8474,847,313
2021-03-03$220.72$210.0032.2%9.6%24.4%13.6%36.9%10.1%-0.7%-934.4M-6.92B-158.4M2.802.24152,984428,8942,121,6084,918,049
2021-03-04$213.29$223.0035.2%9.8%27.5%18.7%36.6%10.4%-0.9%-1.29B3.63B-162.2M3.363.12246,974830,2872,148,7574,982,237
2021-03-05$216.98$223.0031.9%8.9%27.3%13.1%34.5%10.0%-0.8%-1.17B-2.26B-161.3M2.752.43273,139750,7312,199,6815,112,898
2021-03-08$219.78$222.0032.1%9.0%27.2%13.4%33.7%10.1%-0.3%-707.4M-7.72B-155.4M1.942.21166,872324,4272,134,2224,982,411
2021-03-09$223.79$222.0030.0%8.6%26.6%9.8%34.1%9.8%-0.1%-439.6M-13.47B-153.0M3.391.98111,662378,5122,193,9745,051,483
2021-03-10$227.26$222.0028.4%8.2%27.1%7.1%30.8%9.0%0.2%-203.0M-18.02B-149.6M1.891.98204,053384,6592,217,8445,133,455
2021-03-11$231.97$223.0027.9%8.0%27.8%6.2%29.3%7.9%0.2%121.2M-24.29B-145.8M2.131.74239,625510,8102,277,3705,214,757
2021-03-12$233.86$224.0027.3%7.9%27.9%5.2%31.3%7.6%0.3%147.9M-25.48B-147.9M2.561.67104,768268,4902,315,0455,389,003
2021-03-15$233.83$225.0027.0%7.7%27.9%4.6%30.0%8.0%-0.1%51.6M-24.36B-143.1M2.711.5999,867270,9282,255,0105,181,323
2021-03-16$230.53$225.0026.7%7.7%28.4%4.2%30.0%7.4%-0.0%-245.8M-20.02B-148.5M3.201.89127,677408,0132,273,9435,270,049
2021-03-17$231.61$225.0026.3%7.5%28.3%3.5%30.7%7.0%0.0%-256.6M-21.13B-146.6M2.091.82133,542278,7382,290,6705,417,845
2021-03-18$225.14$225.0028.7%8.2%29.7%7.6%30.3%7.8%-0.1%-879.5M-10.16B-155.7M2.031.93138,083280,5972,273,3595,463,992
2021-03-19$227.71$225.0026.4%7.6%29.4%4.6%28.2%7.6%0.1%-935.0M-14.06B-148.6M1.741.55205,098357,4102,272,6915,524,626
2021-03-22$225.35$225.0025.6%7.4%29.6%3.3%26.8%7.0%0.1%-741.8M-3.93B-145.7M1.881.64112,497212,0331,648,4794,023,278
2021-03-23$216.67$225.0029.8%8.8%32.7%13.6%31.7%8.4%-0.4%-1.17B6.51B-153.5M3.201.80259,650831,0521,659,9194,131,306
2021-03-24$213.01$225.0031.2%9.3%32.1%17.0%32.2%8.1%-0.6%-1.60B12.95B-162.5M1.321.93364,018481,1441,739,0964,500,073
2021-03-25$217.08$225.0030.2%9.0%30.7%14.6%32.6%8.5%-0.5%-1.36B7.47B-167.1M2.111.83401,696848,2321,829,8094,639,253
2021-03-26$219.19$223.0029.3%8.7%30.8%12.5%32.4%8.2%-0.5%-839.8M2.86B-167.2M1.741.55262,491457,3771,950,7204,755,873
2021-03-29$215.15$223.0031.8%9.8%30.0%18.5%35.6%8.4%-0.8%-1.36B7.74B-164.8M1.961.78201,714394,4211,862,3284,637,295
2021-03-30$217.89$221.0029.0%8.8%30.0%12.2%31.6%7.8%-0.5%-1.18B2.94B-159.3M1.761.80198,913349,5851,939,0914,704,692
2021-03-31$221.54$222.0027.2%8.0%30.5%7.5%28.9%7.8%-0.3%-549.7M-2.51B-160.8M1.532.12175,723269,6312,009,6104,760,284