IWM Options History — May 2022

In May 2022, IWM traded between $170.76 and $193.57. ATM implied volatility averaged 32.0%, placing in the 75.6% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 2.8% (HV 20d: 34.7%). Max pain ranged from $200.00 to $206.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 2.16.

Notable Days

2022-05-09: Highest Volume — 1,260,147 contracts
2022-05-05: Largest IV spike — 19.6% change
2022-05-11: Highest IV Rank — 97.8%
2022-05-11: Largest Expected Move — 10.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$180.04	$170.76	$193.57	$185.92	$185.24
Max Pain	$201.90	$200.00	$206.00	$200.00	$200.00
ATM IV	32.0%	27.2%	36.2%	33.2%	29.0%
Expected Move	9.3%	8.0%	10.3%	10.3%	8.7%
HV 20d	34.7%	25.5%	38.5%	25.5%	37.9%
HV 60d	29.6%	26.5%	31.3%	26.5%	30.4%
IV Rank	75.6%	50.7%	97.8%	82.2%	60.4%
IV Percentile	87.7%	72.2%	99.2%	95.2%	76.6%
Term Structure	-0.2%	-1.2%	0.9%	0.2%	0.2%
VWIV	34.4%	30.8%	38.4%	38.4%	30.8%
Skew 25d	7.5%	5.8%	8.7%	8.5%	6.5%
Skew 10d	14.7%	11.0%	17.7%	17.7%	12.1%
Call IV 25d	28.4%	23.8%	32.1%	28.9%	26.1%
Put IV 25d	35.9%	30.8%	40.8%	37.4%	32.6%
Bid-Ask Spread %	2.04	1.50	2.68	1.60	1.92
Gamma HHI	0.06	0.05	0.09	0.06	0.06
Net GEX	-1.43B	-1.92B	-798.4M	-1.55B	-1.03B
Net DEX	35.79B	19.23B	49.87B	33.33B	23.28B
Net VEX	-177.9M	-190.9M	-162.3M	-186.6M	-183.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.16	1.38	2.94	2.21	1.43
Total Volume	770,801.19	436,621	1,260,147	803,813	562,142
Total OI	7,684,134.952	7,096,792	8,302,529	7,096,792	7,762,129

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-05-02	$185.92	$200.00	33.2%	10.3%	25.5%	82.2%	38.4%	8.5%	0.2%	-1.55B	33.33B	-186.6M	2.21	1.60	250,295	553,518	2,013,710	5,083,082
2022-05-03	$188.08	$200.00	31.1%	9.5%	25.9%	71.2%	34.7%	8.0%	0.2%	-1.52B	30.22B	-187.4M	1.90	1.50	190,334	362,409	2,050,157	5,091,580
2022-05-04	$193.57	$200.00	27.2%	8.0%	27.6%	50.7%	31.3%	7.3%	-0.6%	-1.21B	21.93B	-190.9M	2.30	1.68	243,514	560,248	2,128,014	5,177,489
2022-05-05	$184.63	$206.00	32.5%	9.3%	31.7%	78.3%	34.0%	7.5%	-0.9%	-1.73B	35.83B	-187.0M	2.94	2.41	238,073	698,954	2,141,420	5,327,210
2022-05-06	$181.96	$205.00	31.5%	9.2%	31.9%	73.4%	34.2%	6.9%	0.9%	-1.92B	39.82B	-185.6M	2.76	2.68	260,624	720,117	2,244,100	5,482,540
2022-05-09	$174.91	$205.00	35.9%	10.3%	34.2%	95.9%	36.6%	7.9%	0.9%	-1.68B	47.01B	-173.4M	2.74	1.97	337,011	923,136	2,144,851	5,488,400
2022-05-10	$174.33	$205.00	36.0%	10.3%	34.2%	96.6%	36.9%	8.7%	-1.0%	-1.60B	46.13B	-171.5M	2.57	2.02	304,612	783,789	2,214,351	5,502,587
2022-05-11	$170.76	$205.00	36.2%	10.3%	34.5%	97.8%	37.0%	8.4%	-0.6%	-1.61B	49.87B	-162.3M	2.51	1.81	302,291	757,532	2,317,480	5,571,296
2022-05-12	$171.96	$205.00	35.7%	10.2%	33.2%	95.0%	37.9%	8.3%	-0.7%	-1.56B	47.46B	-167.4M	2.08	1.99	264,056	548,019	2,359,802	5,544,177
2022-05-13	$178.38	$203.00	32.5%	9.3%	36.7%	78.4%	36.3%	7.7%	-0.4%	-1.41B	38.57B	-178.3M	2.40	1.97	253,285	608,649	2,447,883	5,551,540
2022-05-16	$177.03	$203.00	32.1%	9.4%	36.6%	76.5%	35.0%	7.7%	0.6%	-1.52B	40.47B	-172.5M	1.44	1.94	212,996	305,647	2,388,628	5,520,549
2022-05-17	$182.21	$203.00	30.1%	8.7%	37.3%	66.2%	32.1%	7.5%	0.3%	-1.46B	33.33B	-180.1M	2.16	2.51	250,837	542,483	2,402,380	5,514,440
2022-05-18	$175.97	$200.00	34.1%	9.8%	38.5%	86.6%	35.7%	8.1%	-1.2%	-1.60B	42.66B	-175.0M	2.24	2.03	230,059	514,514	2,478,058	5,730,665
2022-05-19	$177.54	$200.00	31.8%	9.2%	38.0%	74.6%	34.5%	7.9%	-1.2%	-1.61B	39.70B	-176.2M	1.74	1.67	190,305	330,951	2,513,320	5,699,034
2022-05-20	$175.42	$200.00	31.7%	9.3%	37.6%	74.4%	33.4%	7.9%	-1.2%	-1.64B	42.66B	-171.5M	2.16	2.65	300,446	647,754	2,563,324	5,739,205
2022-05-23	$177.53	$200.00	31.3%	9.3%	38.0%	71.9%	32.9%	7.2%	0.4%	-1.23B	32.03B	-173.7M	1.38	1.90	201,032	277,499	2,173,588	5,078,587
2022-05-24	$175.91	$200.00	31.8%	9.4%	36.9%	74.5%	34.6%	6.9%	0.4%	-1.32B	34.07B	-170.5M	2.01	1.84	145,025	291,596	2,187,233	5,117,676
2022-05-25	$178.97	$200.00	30.8%	9.1%	37.6%	69.8%	33.7%	6.3%	-0.6%	-1.14B	29.85B	-174.9M	1.65	1.93	188,379	311,249	2,222,630	5,152,511
2022-05-26	$183.25	$200.00	29.0%	8.6%	38.1%	60.4%	32.4%	5.8%	-0.6%	-938.5M	24.22B	-180.0M	2.46	2.42	225,776	555,265	2,266,159	5,163,383
2022-05-27	$187.35	$200.00	27.5%	8.2%	37.7%	52.6%	31.0%	6.1%	0.5%	-798.4M	19.23B	-187.3M	2.32	2.29	223,700	518,704	2,339,557	5,472,109
2022-05-31	$185.24	$200.00	29.0%	8.7%	37.9%	60.4%	30.8%	6.5%	0.2%	-1.03B	23.28B	-183.3M	1.43	1.92	231,123	331,019	2,330,292	5,431,837