IWM Options History — February 2022

In February 2022, IWM traded between $193.24 and $206.44. ATM implied volatility averaged 29.0%, placing in the 60.5% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 3.2% (HV 20d: 25.8%). Max pain ranged from $212.00 to $217.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 2.12.

Notable Days

  • 2022-02-24: Highest Volume — 1,214,172 contracts
  • 2022-02-10: Largest IV spike — 14.9% change
  • 2022-02-23: Highest IV Rank — 88.9%
  • 2022-02-23: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$201.05$193.24$206.44$202.96$202.76
Max Pain$215.32$212.00$217.00$213.00$215.00
ATM IV29.0%24.2%34.5%25.9%31.6%
Expected Move8.5%7.0%10.0%7.7%9.6%
HV 20d25.8%24.3%27.1%25.9%27.0%
HV 60d24.2%23.2%25.3%23.5%25.0%
IV Rank60.5%35.3%88.9%44.2%73.9%
IV Percentile83.6%59.1%98.8%71.4%92.9%
Term Structure-0.1%-1.2%0.8%0.4%0.1%
VWIV32.1%25.5%37.2%29.7%36.0%
Skew 25d9.1%7.6%10.7%7.7%10.3%
Skew 10d17.1%14.1%20.0%14.9%19.6%
Call IV 25d24.9%20.8%30.1%22.6%27.2%
Put IV 25d33.9%28.5%38.8%30.2%37.4%
Bid-Ask Spread %1.781.303.041.561.74
Gamma HHI0.050.040.080.050.05
Net GEX-1.21B-1.75B-656.5M-954.9M-834.8M
Net DEX22.87B15.03B30.43B19.45B17.21B
Net VEX-183.7M-192.7M-172.8M-176.0M-190.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.121.253.511.841.88
Total Volume865,047594,3571,214,172966,850668,812
Total OI7,319,803.6326,666,9558,036,5556,921,5026,947,481

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-02-01$202.96$213.0025.9%7.7%25.9%44.2%29.7%7.7%0.4%-954.9M19.45B-176.0M1.841.56340,331626,5192,425,3524,496,150
2022-02-02$201.29$212.0025.5%7.6%25.7%42.3%27.3%7.7%-0.9%-1.16B22.15B-175.2M2.051.75238,797490,1222,506,5814,660,154
2022-02-03$197.35$217.0028.8%8.3%24.3%59.5%30.7%9.4%-1.2%-1.46B28.52B-173.8M2.762.05232,048639,3752,518,0994,669,080
2022-02-04$199.05$217.0026.3%7.8%24.6%46.3%29.9%8.4%0.8%-1.32B26.39B-174.5M1.401.74318,386445,9582,590,8624,746,893
2022-02-07$199.55$217.0026.8%7.8%24.6%48.8%29.3%8.1%0.3%-1.24B25.11B-172.8M1.251.79351,998439,7402,498,6874,603,437
2022-02-08$202.66$215.0025.7%7.5%25.5%43.5%25.5%7.6%0.5%-956.2M19.94B-179.8M1.341.54253,636340,7212,601,1374,693,101
2022-02-09$205.93$216.0024.2%7.0%25.6%35.3%27.7%7.6%-0.5%-656.5M15.03B-183.8M2.331.51275,614643,3132,635,4544,776,402
2022-02-10$202.50$216.0027.8%8.2%26.1%54.0%30.4%8.9%-0.5%-1.13B21.90B-189.6M1.881.93421,157790,9822,650,4264,873,073
2022-02-11$201.03$216.0030.9%9.1%26.0%70.5%35.1%10.4%0.7%-1.43B25.43B-192.7M2.793.04301,702841,9922,649,0375,048,140
2022-02-14$200.72$216.0031.8%9.2%26.0%75.2%35.6%10.7%0.2%-1.41B25.99B-188.5M2.531.65219,176554,5682,610,0134,988,352
2022-02-15$205.42$216.0028.9%8.3%25.9%59.9%34.6%9.9%0.3%-1.08B18.40B-189.6M2.631.71235,167619,5942,620,9045,038,805
2022-02-16$206.44$215.0027.6%7.9%25.4%52.9%31.3%9.1%-0.6%-1.15B17.10B-189.8M1.741.85231,172402,6822,656,8935,235,065
2022-02-17$201.72$215.0030.0%8.7%25.9%65.8%32.5%9.8%-0.8%-1.54B25.64B-188.7M1.951.73262,092509,9162,671,2255,218,770
2022-02-18$199.86$215.0030.4%8.9%25.5%67.7%32.8%9.5%0.2%-1.75B28.71B-186.8M2.392.25296,053707,8042,725,7565,310,799
2022-02-22$197.50$215.0032.9%9.7%25.6%80.9%35.3%9.3%0.2%-1.32B24.99B-181.5M1.951.43311,703606,5762,195,0834,471,872
2022-02-23$193.24$215.0034.5%10.0%26.6%88.9%34.9%8.7%-1.0%-1.48B30.43B-179.3M2.001.30286,449571,7182,241,8874,548,677
2022-02-24$197.94$215.0031.9%9.4%27.1%75.5%37.2%10.1%-1.0%-1.23B24.35B-185.1M3.511.59269,138945,0342,285,7494,581,600
2022-02-25$202.07$215.0029.6%8.7%27.0%63.5%33.4%9.1%0.2%-899.3M17.71B-191.8M2.041.72245,589500,2592,350,4974,734,776
2022-02-28$202.76$215.0031.6%9.6%27.0%73.9%36.0%10.3%0.1%-834.8M17.21B-190.7M1.881.74232,061436,7512,268,4644,679,017