IWM Options History — November 2021

In November 2021, IWM traded between $219.82 and $242.33. ATM implied volatility averaged 22.1%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 4.7% (HV 20d: 17.5%). Max pain ranged from $225.00 to $229.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.09.

Notable Days

  • 2021-11-30: Highest Volume — 1,660,428 contracts
  • 2021-11-26: Largest IV spike — 31.7% change
  • 2021-11-30: Highest IV Rank — 71.3%
  • 2021-11-30: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$234.68$219.82$242.33$234.02$219.82
Max Pain$226.90$225.00$229.00$225.00$227.00
ATM IV22.1%19.4%30.8%19.5%30.8%
Expected Move6.6%5.7%9.8%5.8%9.8%
HV 20d17.5%15.3%21.1%15.3%19.0%
HV 60d18.1%16.7%18.8%18.1%18.3%
IV Rank25.4%10.0%71.3%10.0%71.3%
IV Percentile33.6%11.5%93.7%11.9%93.7%
Term Structure0.0%-0.9%0.5%0.4%0.2%
VWIV24.1%20.7%38.0%21.1%38.0%
Skew 25d5.0%3.1%11.1%4.3%10.0%
Skew 10d10.2%7.1%21.0%8.1%18.4%
Call IV 25d20.4%17.9%27.1%18.0%27.1%
Put IV 25d25.3%21.9%37.1%22.3%37.1%
Bid-Ask Spread %2.031.437.301.822.32
Gamma HHI0.050.030.090.040.03
Net GEX296.2M-1.21B2.14B550.4M-1.04B
Net DEX-8.80B-26.36B16.38B-12.47B16.38B
Net VEX-176.0M-187.0M-163.4M-163.4M-180.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.661.971.071.90
Total Volume1,028,150.524499,5281,660,4281,459,7531,660,428
Total OI7,501,619.9056,506,7408,175,4176,506,7407,513,221

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-11-01$234.02$225.0019.5%5.8%15.3%10.0%21.1%4.3%0.4%550.4M-12.47B-163.4M1.071.82706,501753,2522,151,0744,355,666
2021-11-02$234.07$227.0019.4%5.7%15.3%10.0%20.7%4.2%0.3%635.1M-12.39B-168.9M0.801.53400,762320,3102,353,0154,565,242
2021-11-03$239.11$227.0019.8%5.8%16.0%12.7%20.8%3.6%-0.3%1.29B-21.92B-165.3M0.811.82866,813706,4542,446,9004,720,288
2021-11-04$238.27$225.0019.5%5.8%15.6%11.5%21.1%3.6%-0.4%1.41B-19.64B-175.6M0.661.98720,648473,5072,638,8724,866,864
2021-11-05$241.88$225.0019.8%6.0%15.8%12.9%22.8%3.1%0.4%2.14B-26.36B-172.7M0.771.90676,229518,7772,725,7554,986,754
2021-11-08$242.33$225.0020.6%6.1%15.6%17.5%22.2%3.4%0.2%1.41B-23.91B-171.1M0.821.70488,008398,0792,676,2404,785,200
2021-11-09$241.36$225.0021.5%6.3%15.8%21.9%23.2%3.9%0.4%1.03B-20.44B-181.5M1.121.80358,352400,1322,723,2834,882,519
2021-11-10$237.07$226.0022.3%6.5%17.7%26.4%24.4%5.2%-0.1%66.0M-10.89B-184.1M1.262.05481,409607,8372,741,5434,977,913
2021-11-11$239.22$227.0021.1%6.2%17.4%19.9%23.0%4.6%-0.0%732.0M-15.93B-182.5M1.091.72298,799325,6942,784,1845,018,094
2021-11-12$239.60$227.0019.8%5.9%17.4%12.7%20.8%4.3%0.5%964.9M-17.47B-177.8M0.981.61331,415323,3362,837,3265,097,038
2021-11-15$238.07$227.0021.0%6.1%17.5%19.5%21.2%4.7%0.3%1.36B-13.98B-175.3M0.991.81367,899362,9632,718,6154,946,581
2021-11-16$238.81$227.0020.4%5.9%17.5%16.1%21.8%4.3%0.4%824.8M-15.43B-170.4M1.101.63237,808261,7202,693,2654,988,268
2021-11-17$236.13$227.0021.4%6.1%18.1%21.6%22.1%4.7%-0.5%69.1M-9.35B-172.8M1.041.72387,838403,4162,728,7065,025,894
2021-11-18$234.23$227.0021.6%6.2%18.5%22.5%21.7%4.2%-0.5%-369.8M-5.35B-174.2M1.001.64489,054487,5872,763,5295,081,369
2021-11-19$232.55$227.0021.6%6.3%18.7%22.3%23.2%3.7%0.3%-1.21B-1.87B-177.4M1.221.43587,592715,3082,930,2955,245,122
2021-11-22$232.74$229.0022.4%6.5%18.4%26.8%22.8%4.1%0.2%-325.5M-2.12B-177.1M0.841.50489,986412,1632,666,4034,384,789
2021-11-23$231.31$229.0023.2%6.7%18.4%31.3%24.7%4.5%-0.9%-601.1M825.3M-181.0M1.291.75438,246567,2602,666,3394,460,646
2021-11-24$231.76$229.0022.7%6.6%17.1%28.3%24.4%4.3%-0.9%-481.8M-822.4M-181.3M0.901.61400,888361,5052,774,6564,586,888
2021-11-26$223.58$229.0029.9%9.2%21.1%66.6%36.4%11.1%0.0%-1.13B14.26B-187.0M1.977.30540,5691,064,0142,820,1874,572,671
2021-11-29$222.37$228.0026.9%8.5%21.1%50.6%30.8%8.6%0.3%-1.10B14.15B-177.3M1.212.05541,169657,4342,843,4164,789,388
2021-11-30$219.82$227.0030.8%9.8%19.0%71.3%38.0%10.0%0.2%-1.04B16.38B-180.2M1.902.32572,4001,088,0282,815,2634,697,958