IWM Options History — April 2023

In April 2023, IWM traded between $171.22 and $178.50. ATM implied volatility averaged 21.5%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 0.0% (HV 20d: 21.5%). Max pain ranged from $177.00 to $180.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 2.51.

Notable Days

  • 2023-04-26: Highest Volume — 1,525,523 contracts
  • 2023-04-25: Largest IV spike — 17.0% change
  • 2023-04-04: Highest IV Rank — 24.3%
  • 2023-04-26: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$175.97$171.22$178.50$178.47$175.09
Max Pain$178.68$177.00$180.00$180.00$177.00
ATM IV21.5%19.3%23.8%22.5%19.3%
Expected Move6.2%5.6%6.8%6.4%5.6%
HV 20d21.5%15.8%28.1%27.3%18.2%
HV 60d21.5%20.8%21.9%21.8%20.8%
IV Rank11.8%0.0%24.3%17.0%0.0%
IV Percentile9.5%0.0%23.8%13.5%0.0%
Term Structure-0.1%-0.5%0.2%0.0%-0.2%
VWIV23.2%20.4%27.2%24.2%20.5%
Skew 25d5.6%4.6%7.1%5.3%5.8%
Skew 10d10.8%9.2%13.2%10.5%10.9%
Call IV 25d18.9%16.5%21.0%20.3%16.5%
Put IV 25d24.5%22.1%26.9%25.6%22.3%
Bid-Ask Spread %1.561.312.031.651.51
Gamma HHI0.060.060.090.060.09
Net GEX-1.76B-2.36B-1.23B-1.31B-1.89B
Net DEX20.45B14.15B29.28B15.63B18.70B
Net VEX-254.7M-266.6M-244.7M-263.2M-246.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.511.194.801.952.35
Total Volume848,349.789503,6911,525,523696,851924,550
Total OI10,210,359.1059,164,46411,063,53710,048,7839,574,807

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$178.47$180.0022.5%6.4%27.3%17.0%24.2%5.3%0.0%-1.31B15.63B-263.2M1.951.65236,169460,6823,040,2577,008,526
2023-04-04$174.50$180.0023.8%6.7%28.1%24.3%24.0%5.9%0.0%-2.19B26.70B-261.1M3.731.41311,8091,161,5503,018,3287,065,367
2023-04-05$173.59$180.0023.6%6.6%28.1%23.3%23.7%5.9%0.0%-2.36B28.91B-264.5M2.421.36256,820621,4443,139,6747,169,776
2023-04-06$173.84$179.0022.9%6.5%26.8%19.3%25.4%5.3%0.2%-2.34B28.05B-266.6M2.341.31248,772582,2833,200,8087,313,081
2023-04-10$175.70$179.0023.3%6.6%24.2%21.7%27.2%5.7%-0.3%-1.94B22.22B-263.1M2.341.38185,919435,0853,147,4187,280,480
2023-04-11$177.47$179.0022.7%6.5%24.2%18.2%25.6%5.1%-0.1%-1.45B17.31B-261.4M1.791.47251,994450,7253,167,2827,167,490
2023-04-12$176.19$179.0022.7%6.4%24.0%17.7%24.2%5.1%-0.2%-1.86B21.52B-260.0M3.351.57230,535773,0243,229,2997,263,935
2023-04-13$178.19$179.0021.1%6.0%23.5%9.0%24.4%4.6%-0.1%-1.34B15.02B-258.6M2.461.70166,185409,0403,220,7747,252,635
2023-04-14$176.32$179.0020.8%5.9%22.9%7.1%22.6%4.8%-0.1%-2.00B20.38B-255.4M1.861.91296,057550,4103,278,3957,367,152
2023-04-17$178.50$179.0020.4%5.8%20.7%4.6%22.0%4.6%-0.0%-1.45B14.15B-251.9M1.792.03208,364372,3173,213,1347,332,514
2023-04-18$177.78$179.0020.0%5.7%20.4%2.5%21.5%4.9%-0.0%-1.60B16.43B-251.5M1.831.65240,949440,4143,280,4717,401,692
2023-04-19$178.25$179.0019.4%5.6%19.0%0.0%21.4%4.9%-0.0%-1.45B14.72B-250.8M2.611.61224,020583,7373,344,7617,470,925
2023-04-20$176.84$179.0020.3%5.8%17.0%5.4%22.5%5.8%-0.2%-1.68B18.73B-250.2M3.511.79217,848764,1213,392,2537,468,075
2023-04-21$177.31$178.0020.0%5.7%15.9%3.3%20.4%5.7%-0.3%-1.32B17.61B-250.9M1.191.63306,321364,3723,473,2957,590,242
2023-04-24$177.38$178.0019.7%5.7%15.8%1.8%21.0%5.9%-0.2%-1.23B15.35B-247.1M1.631.39191,167312,5242,879,0996,340,229
2023-04-25$173.22$178.0023.1%6.7%17.4%21.1%24.8%6.9%-0.5%-1.89B24.63B-247.4M3.411.39213,875729,5052,818,2296,346,235
2023-04-26$171.22$177.0023.3%6.8%17.8%22.8%23.2%7.1%-0.5%-2.20B29.28B-245.0M4.801.33262,8531,262,6702,894,9566,420,242
2023-04-27$173.53$177.0020.4%5.9%17.9%5.9%22.0%6.2%-0.3%-1.96B23.14B-244.7M2.341.55260,482610,0542,918,8646,506,123
2023-04-28$175.09$177.0019.3%5.6%18.2%0.0%20.5%5.8%-0.2%-1.89B18.70B-246.0M2.351.51276,033648,5172,988,0436,586,764