IWM Options History — July 2022

In July 2022, IWM traded between $169.49 and $187.52. ATM implied volatility averaged 28.0%, placing in the 54.8% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 1.3% (HV 20d: 29.3%). Max pain ranged from $178.00 to $180.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 2.44.

Notable Days

2022-07-14: Highest Volume — 848,148 contracts
2022-07-15: Largest IV drop — 9.3% change
2022-07-05: Highest IV Rank — 70.8%
2022-07-05: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$176.62	$169.49	$187.52	$171.53	$187.52
Max Pain	$179.15	$178.00	$180.00	$180.00	$180.00
ATM IV	28.0%	23.6%	31.1%	29.5%	23.6%
Expected Move	8.0%	6.7%	8.8%	8.3%	6.7%
HV 20d	29.3%	22.7%	36.5%	36.1%	22.7%
HV 60d	33.3%	32.9%	33.7%	33.2%	32.9%
IV Rank	54.8%	32.1%	70.8%	62.8%	32.1%
IV Percentile	63.1%	36.5%	79.8%	73.8%	36.5%
Term Structure	-0.1%	-0.8%	0.6%	0.3%	0.5%
VWIV	30.2%	25.5%	34.5%	30.6%	25.5%
Skew 25d	6.2%	5.0%	6.9%	6.2%	5.0%
Skew 10d	11.7%	9.3%	13.6%	12.5%	9.3%
Call IV 25d	24.9%	21.3%	27.6%	26.4%	21.3%
Put IV 25d	31.2%	26.3%	34.3%	32.6%	26.3%
Bid-Ask Spread %	1.61	1.34	1.96	1.50	1.34
Gamma HHI	0.06	0.04	0.12	0.06	0.05
Net GEX	-1.06B	-1.71B	-458.5M	-1.32B	-458.5M
Net DEX	19.52B	5.57B	29.93B	26.64B	5.57B
Net VEX	-173.9M	-186.9M	-164.6M	-166.6M	-185.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.44	1.62	4.04	1.82	2.16
Total Volume	673,025.2	526,678	848,148	642,594	725,940
Total OI	7,431,183.7	6,609,502	7,977,666	7,366,443	7,961,770

Daily Data (20 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
2022-07-01	$171.53	$180.00	29.5%	8.3%	36.1%	62.8%	30.6%	6.2%	0.3%	-1.32B	26.64B	-166.6M	1.82	1.50	227,833	414,761	2,151,931	5,214,512
2022-07-05	$172.24	$179.00	31.1%	8.8%	36.2%	70.8%	33.2%	6.7%	0.2%	-1.33B	25.70B	-164.7M	1.79	1.59	229,483	409,991	2,121,531	5,063,964
2022-07-06	$171.83	$178.00	30.2%	8.6%	36.0%	66.0%	34.5%	6.8%	-0.7%	-1.41B	26.35B	-165.4M	2.53	1.87	179,137	452,344	2,162,677	5,138,542
2022-07-07	$175.39	$178.00	29.3%	8.4%	36.4%	61.5%	32.2%	6.9%	-0.7%	-1.13B	20.57B	-168.6M	2.89	1.52	201,077	581,986	2,177,303	5,112,917
2022-07-08	$175.80	$178.00	27.5%	8.0%	36.3%	52.0%	29.2%	6.2%	0.5%	-1.21B	20.00B	-171.6M	2.07	1.66	175,831	364,235	2,239,913	5,326,738
2022-07-11	$171.77	$178.00	29.9%	8.6%	36.5%	64.9%	32.4%	6.5%	0.2%	-1.51B	26.74B	-165.7M	2.41	1.96	154,650	372,028	2,209,224	5,259,261
2022-07-12	$171.01	$178.00	30.9%	8.8%	35.3%	69.8%	29.6%	6.9%	0.1%	-1.50B	27.91B	-166.8M	1.62	1.75	203,695	330,950	2,240,843	5,346,462
2022-07-13	$171.43	$179.00	30.4%	8.6%	29.9%	67.1%	32.1%	6.9%	-0.7%	-1.59B	27.42B	-167.9M	2.27	1.66	194,142	441,661	2,321,739	5,450,862
2022-07-14	$169.49	$178.00	29.3%	8.4%	30.2%	61.5%	30.3%	6.3%	-0.8%	-1.71B	29.93B	-164.6M	2.54	1.90	239,764	608,384	2,361,024	5,482,021
2022-07-15	$172.91	$178.00	26.6%	7.7%	30.4%	47.4%	27.1%	6.4%	0.3%	-821.7M	23.93B	-167.0M	1.67	1.64	270,292	452,228	2,424,607	5,553,059
2022-07-18	$172.26	$179.00	28.6%	8.2%	22.9%	57.9%	31.2%	6.8%	0.0%	-1.01B	22.44B	-167.7M	3.60	1.67	142,609	514,051	1,951,622	4,657,880
2022-07-19	$178.64	$180.00	27.4%	7.9%	25.7%	51.9%	30.5%	6.8%	0.1%	-718.5M	15.04B	-174.9M	3.33	1.62	171,836	572,745	1,975,354	4,772,336
2022-07-20	$181.41	$180.00	27.5%	7.9%	25.3%	52.2%	29.3%	6.5%	-0.6%	-531.1M	11.64B	-179.3M	2.10	1.48	211,706	445,316	2,036,773	5,033,482
2022-07-21	$181.48	$180.00	26.2%	7.6%	25.1%	45.5%	29.3%	5.8%	-0.6%	-793.4M	12.27B	-180.1M	4.04	1.36	130,667	527,690	2,058,635	5,110,392
2022-07-22	$178.77	$180.00	25.8%	7.5%	25.8%	43.3%	29.2%	5.6%	0.3%	-988.4M	17.54B	-182.6M	2.56	1.51	211,973	543,069	2,090,087	5,385,786
2022-07-25	$179.97	$180.00	26.6%	7.7%	23.9%	47.5%	28.6%	5.8%	0.6%	-933.1M	15.47B	-181.2M	2.56	1.39	153,284	392,698	2,071,721	5,257,259
2022-07-26	$179.41	$180.00	28.1%	8.1%	23.8%	55.4%	31.7%	5.6%	0.6%	-979.7M	16.63B	-184.6M	3.11	1.85	172,880	538,055	2,092,791	5,349,166
2022-07-27	$183.90	$180.00	26.5%	7.5%	23.9%	47.3%	29.4%	5.7%	-0.5%	-591.7M	10.56B	-186.7M	1.77	1.57	264,383	468,900	2,155,036	5,535,541
2022-07-28	$185.73	$180.00	25.1%	7.1%	23.1%	39.8%	27.5%	5.2%	-0.5%	-578.7M	7.97B	-186.9M	2.02	1.36	254,695	513,535	2,171,645	5,597,268
2022-07-29	$187.52	$180.00	23.6%	6.7%	22.7%	32.1%	25.5%	5.0%	0.5%	-458.5M	5.57B	-185.3M	2.16	1.34	229,995	495,945	2,193,828	5,767,942