IWM Options History — December 2022

In December 2022, IWM traded between $170.54 and $188.05. ATM implied volatility averaged 24.3%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 0.3% (HV 20d: 24.0%). Max pain ranged from $180.00 to $190.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 2.09.

Notable Days

2022-12-14: Highest Volume — 1,321,725 contracts
2022-12-13: Largest IV drop — 10.3% change
2022-12-12: Highest IV Rank — 46.8%
2022-12-12: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$177.59	$170.54	$188.05	$187.38	$174.00
Max Pain	$183.86	$180.00	$190.00	$185.00	$180.00
ATM IV	24.3%	22.0%	27.5%	22.9%	24.4%
Expected Move	7.1%	6.6%	7.7%	7.4%	7.0%
HV 20d	24.0%	20.6%	32.0%	29.6%	21.3%
HV 60d	28.9%	26.7%	30.8%	30.4%	26.7%
IV Rank	29.0%	15.6%	46.8%	20.5%	29.5%
IV Percentile	19.9%	4.8%	41.3%	8.7%	21.0%
Term Structure	0.3%	-0.9%	1.2%	0.2%	1.1%
VWIV	25.0%	20.8%	27.4%	25.7%	24.7%
Skew 25d	3.6%	2.9%	4.3%	3.9%	3.3%
Skew 10d	7.0%	5.9%	8.6%	7.1%	6.4%
Call IV 25d	22.4%	20.1%	25.5%	21.0%	22.1%
Put IV 25d	26.0%	23.6%	29.6%	24.8%	25.4%
Bid-Ask Spread %	1.66	1.22	2.17	1.31	1.25
Gamma HHI	0.07	0.04	0.10	0.04	0.07
Net GEX	-1.37B	-2.01B	-515.9M	-515.9M	-1.32B
Net DEX	17.46B	2.02B	27.54B	2.86B	16.37B
Net VEX	-189.0M	-195.8M	-179.2M	-191.7M	-181.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.09	1.16	3.81	1.66	2.63
Total Volume	709,695.333	281,236	1,321,725	537,699	498,984
Total OI	8,358,764.619	7,208,752	9,388,978	8,729,863	7,556,711

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
2022-12-01	$187.38	$185.00	22.9%	7.4%	29.6%	20.5%	25.7%	3.9%	0.2%	-515.9M	2.86B	-191.7M	1.66	1.31	202,030	335,669	2,709,388	6,020,475
2022-12-02	$188.05	$185.00	22.0%	7.1%	29.4%	15.6%	24.8%	3.5%	0.4%	-551.3M	2.02B	-192.0M	1.92	1.22	268,692	515,559	2,755,226	6,148,098
2022-12-05	$182.35	$190.00	23.9%	7.0%	31.7%	26.4%	25.5%	3.9%	0.8%	-1.34B	14.28B	-192.7M	2.42	1.61	263,129	637,751	2,736,794	6,144,596
2022-12-06	$179.88	$190.00	24.9%	7.2%	32.0%	32.1%	26.2%	3.5%	0.7%	-1.46B	18.72B	-192.6M	1.54	1.62	375,338	577,748	2,779,678	6,102,893
2022-12-07	$179.68	$190.00	25.2%	7.3%	32.0%	33.7%	27.1%	3.4%	0.8%	-1.48B	19.11B	-193.9M	1.45	1.29	186,285	270,542	2,962,225	6,128,266
2022-12-08	$180.36	$190.00	25.0%	7.2%	29.9%	32.9%	26.4%	3.4%	0.8%	-1.27B	17.20B	-193.1M	1.39	1.50	208,860	290,490	2,964,635	6,150,023
2022-12-09	$178.97	$190.00	25.2%	7.3%	21.2%	33.9%	25.3%	3.2%	1.0%	-1.58B	20.97B	-195.8M	1.16	1.83	175,126	203,687	3,069,187	6,319,791
2022-12-12	$180.72	$185.00	27.5%	7.7%	21.1%	46.8%	27.4%	4.1%	-0.9%	-1.12B	15.71B	-194.6M	1.18	1.60	301,033	354,952	2,893,515	6,215,025
2022-12-13	$181.69	$185.00	24.6%	6.9%	21.1%	30.6%	25.6%	3.8%	-0.6%	-1.04B	13.90B	-191.6M	2.06	1.61	277,905	573,430	2,822,075	6,303,260
2022-12-14	$179.88	$185.00	23.6%	6.6%	20.9%	25.0%	24.7%	4.0%	-0.4%	-1.39B	16.74B	-188.2M	2.85	2.17	343,572	978,153	2,851,388	6,316,963
2022-12-15	$175.41	$184.00	24.2%	6.9%	21.6%	28.3%	24.9%	4.3%	-0.4%	-2.01B	25.87B	-189.8M	3.03	1.97	304,824	922,799	2,808,346	6,325,091
2022-12-16	$174.47	$182.00	24.5%	7.0%	21.3%	30.2%	24.8%	3.8%	-0.4%	-1.98B	27.54B	-188.6M	2.20	1.67	361,746	796,408	2,934,975	6,354,364
2022-12-19	$171.99	$180.00	25.2%	7.2%	21.3%	33.8%	25.3%	3.4%	0.0%	-1.65B	23.63B	-184.9M	1.84	1.91	269,558	497,042	2,197,847	5,010,905
2022-12-20	$173.34	$180.00	24.3%	6.9%	21.6%	28.7%	24.7%	3.6%	-0.0%	-1.48B	20.00B	-188.3M	2.16	1.65	138,402	299,417	2,270,691	5,067,430
2022-12-21	$175.59	$180.00	22.9%	6.6%	21.5%	20.7%	22.7%	2.9%	0.1%	-1.16B	15.25B	-186.8M	2.98	1.95	206,838	616,007	2,306,474	5,068,578
2022-12-22	$172.99	$180.00	24.6%	7.1%	21.9%	30.8%	25.9%	3.3%	-0.1%	-1.61B	20.63B	-189.2M	3.16	2.12	156,973	495,628	2,319,543	5,163,470
2022-12-23	$174.16	$180.00	23.4%	6.7%	22.0%	23.3%	24.1%	3.1%	0.1%	-1.24B	17.52B	-189.2M	1.38	1.62	130,303	179,716	2,390,258	5,132,970
2022-12-27	$173.25	$180.00	24.3%	7.0%	20.6%	28.7%	25.8%	3.6%	1.1%	-1.49B	19.22B	-182.7M	1.49	1.92	113,143	168,093	2,323,864	5,077,606
2022-12-28	$170.54	$180.00	24.9%	7.3%	21.0%	32.2%	20.8%	3.7%	1.0%	-1.86B	24.26B	-179.2M	3.81	1.43	166,215	633,778	2,326,146	5,094,053
2022-12-29	$174.75	$180.00	23.8%	6.9%	21.6%	25.7%	23.7%	3.6%	1.2%	-1.29B	14.85B	-183.2M	1.64	1.71	230,550	377,227	2,336,601	5,074,633
2022-12-30	$174.00	$180.00	24.4%	7.0%	21.3%	29.5%	24.7%	3.3%	1.1%	-1.32B	16.37B	-181.8M	2.63	1.25	137,299	361,685	2,398,864	5,157,847