IWM Options History — April 2021

In April 2021, IWM traded between $217.15 and $229.23. ATM implied volatility averaged 24.2%, placing in the 3.8% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 1.5% (HV 20d: 22.7%). Max pain ranged from $220.00 to $222.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.84.

Notable Days

  • 2021-04-20: Highest Volume — 812,055 contracts
  • 2021-04-19: Largest IV spike — 12.0% change
  • 2021-04-20: Highest IV Rank — 12.6%
  • 2021-04-20: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$223.83$217.15$229.23$222.78$224.40
Max Pain$220.67$220.00$222.00$222.00$221.00
ATM IV24.2%22.1%26.1%25.3%24.2%
Expected Move6.9%6.4%7.5%7.3%7.0%
HV 20d22.7%16.5%27.7%27.7%17.4%
HV 60d24.8%24.1%26.1%26.1%24.3%
IV Rank3.8%0.0%12.6%2.7%7.4%
IV Percentile2.6%0.0%13.9%3.2%3.2%
Term Structure-0.1%-0.4%0.3%-0.1%-0.4%
VWIV25.8%23.9%28.5%28.5%25.9%
Skew 25d6.5%5.3%7.5%6.9%6.6%
Skew 10d12.0%9.9%13.5%12.9%12.1%
Call IV 25d21.3%19.3%22.9%22.5%21.3%
Put IV 25d27.8%24.9%29.6%29.4%27.9%
Bid-Ask Spread %1.981.542.451.811.62
Gamma HHI0.040.030.090.040.08
Net GEX-609.1M-1.36B299.1M-405.6M-1.36B
Net DEX-4.04B-10.12B4.60B-4.04B-1.95B
Net VEX-149.7M-157.4M-143.9M-157.4M-151.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.841.192.821.802.82
Total Volume441,448.19171,169812,055447,123617,733
Total OI6,280,710.2865,576,9196,847,3636,376,7386,346,297

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$222.78$222.0025.3%7.3%27.7%2.7%28.5%6.9%-0.1%-405.6M-4.04B-157.4M1.801.81159,874287,2491,893,5744,483,164
2021-04-05$224.64$220.0025.6%7.2%27.2%4.0%28.1%6.8%-0.2%-419.1M-6.31B-149.1M1.762.2561,926109,2431,863,1604,398,858
2021-04-06$224.67$220.0023.9%6.8%26.9%0.0%26.4%6.3%-0.1%-441.8M-6.15B-149.3M2.742.2187,766240,1521,873,5134,460,463
2021-04-07$220.53$220.0024.7%7.0%27.0%2.6%26.0%6.2%-0.1%-891.1M-167.9M-151.1M1.772.42133,991237,6101,878,1494,496,206
2021-04-08$222.33$220.0024.7%7.1%26.5%2.7%25.8%6.1%-0.1%-744.2M-2.39B-150.2M1.761.97153,434269,7361,899,8874,599,494
2021-04-09$222.32$220.0024.5%7.1%25.3%1.9%25.2%6.1%-0.0%-770.2M-2.15B-151.9M1.222.44171,252209,7131,921,7494,679,152
2021-04-12$222.04$220.0025.4%7.3%25.0%4.9%27.5%6.7%-0.0%-810.4M-1.60B-149.1M2.091.75110,088230,1471,870,0894,576,204
2021-04-13$221.62$220.0024.9%7.2%25.0%3.5%25.5%6.4%0.0%-930.8M-687.7M-150.4M1.511.95208,376314,1541,908,4894,700,045
2021-04-14$223.32$220.0024.9%7.1%24.8%3.3%25.4%6.6%0.0%-684.6M-3.35B-149.7M1.802.26193,998349,0571,951,7464,736,833
2021-04-15$224.03$221.0023.5%6.8%24.8%0.0%24.6%6.0%0.1%-612.7M-4.30B-148.9M1.411.90156,955220,7491,963,5884,838,901
2021-04-16$225.03$221.0022.1%6.4%22.8%0.0%24.2%5.3%0.3%-434.2M-6.62B-143.9M1.802.45134,345241,8741,972,8784,874,485
2021-04-19$221.28$221.0024.8%7.1%23.1%8.4%26.1%6.1%-0.1%-877.8M-882.6M-149.1M2.482.19122,390303,3221,596,2673,980,652
2021-04-20$217.15$221.0026.1%7.5%23.7%12.6%27.1%6.7%-0.3%-1.24B4.60B-154.1M1.902.16280,094531,9611,637,9024,100,516
2021-04-21$221.86$221.0024.2%6.9%20.6%6.8%26.2%6.6%-0.1%-696.1M-2.05B-151.1M1.271.92178,962226,8751,744,0644,199,426
2021-04-22$222.78$221.0024.8%7.1%19.5%9.9%25.4%7.5%-0.3%-612.0M-3.00B-152.9M1.192.06266,485316,4591,773,8574,232,307
2021-04-23$226.10$221.0022.2%6.4%19.0%0.2%24.5%6.6%-0.0%299.1M-7.87B-146.3M1.411.81207,031292,5541,819,7984,271,762
2021-04-26$228.31$221.0023.0%6.6%19.0%3.0%25.3%7.3%-0.2%-290.7M-8.83B-147.2M1.391.63183,504255,2021,717,3504,182,742
2021-04-27$228.18$221.0022.9%6.6%17.5%3.0%26.3%7.2%-0.1%-250.2M-8.86B-148.3M2.391.5493,254222,5371,800,3084,258,577
2021-04-28$229.23$221.0022.4%6.4%17.1%1.0%24.7%6.7%-0.2%-147.7M-10.12B-146.7M2.251.59100,920227,4101,811,8314,327,434
2021-04-29$227.83$221.0022.9%6.5%16.5%3.0%23.9%6.4%-0.2%-465.0M-8.11B-146.4M1.861.58196,471365,5591,828,9544,424,245
2021-04-30$224.40$221.0024.2%7.0%17.4%7.4%25.9%6.6%-0.4%-1.36B-1.95B-151.0M2.821.62161,519456,2141,856,9454,489,352