IWM Options History — June 2023

In June 2023, IWM traded between $175.67 and $188.19. ATM implied volatility averaged 18.3%, placing in the 1.5% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded below realized volatility by 3.2% (HV 20d: 21.4%). Max pain ranged from $176.00 to $181.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.13.

Notable Days

2023-06-07: Highest Volume — 1,827,756 contracts
2023-06-12: Largest IV spike — 5.7% change
2023-06-12: Highest IV Rank — 5.6%
2023-06-01: Largest Expected Move — 5.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$184.33	$175.67	$188.19	$175.67	$187.51
Max Pain	$179.62	$176.00	$181.00	$178.00	$181.00
ATM IV	18.3%	16.8%	19.4%	19.4%	16.8%
Expected Move	5.2%	4.6%	5.8%	5.8%	4.6%
HV 20d	21.4%	18.6%	22.3%	18.6%	21.2%
HV 60d	20.5%	18.9%	22.8%	21.7%	18.9%
IV Rank	1.5%	0.0%	5.6%	1.0%	0.0%
IV Percentile	0.6%	0.0%	2.0%	1.2%	0.0%
Term Structure	0.1%	-0.2%	0.5%	-0.1%	-0.0%
VWIV	19.3%	16.5%	21.9%	21.9%	16.5%
Skew 25d	2.7%	1.7%	5.1%	5.1%	2.0%
Skew 10d	6.1%	3.6%	9.9%	9.9%	4.7%
Call IV 25d	17.4%	16.1%	18.4%	17.5%	16.1%
Put IV 25d	20.0%	18.0%	22.6%	22.6%	18.0%
Bid-Ask Spread %	1.76	1.36	2.43	1.41	1.75
Gamma HHI	0.04	0.04	0.06	0.06	0.06
Net GEX	-116.9M	-1.46B	826.8M	-1.46B	704.9M
Net DEX	-2.87B	-16.09B	18.09B	18.09B	-9.31B
Net VEX	-245.6M	-252.9M	-234.2M	-248.5M	-234.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.13	0.70	2.44	2.44	0.84
Total Volume	985,380.714	596,797	1,827,756	875,446	893,401
Total OI	11,144,000.81	9,908,615	12,663,853	10,729,427	10,775,979

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
2023-06-01	$175.67	$178.00	19.4%	5.8%	18.6%	1.0%	21.9%	5.1%	-0.1%	-1.46B	18.09B	-248.5M	2.44	1.41	254,659	620,787	3,392,643	7,336,784
2023-06-02	$181.75	$178.00	18.8%	5.7%	21.1%	0.0%	20.8%	3.2%	-0.2%	-118.3M	-512.9M	-245.2M	1.15	1.36	830,567	958,751	3,452,281	7,529,131
2023-06-05	$179.63	$176.00	19.3%	5.5%	19.9%	3.1%	21.3%	3.5%	0.1%	-614.6M	6.87B	-248.0M	1.30	1.42	503,686	655,963	3,593,789	7,525,494
2023-06-06	$184.66	$176.00	18.8%	5.4%	21.9%	0.2%	20.6%	3.0%	0.0%	485.6M	-8.09B	-243.3M	0.95	1.59	885,339	845,084	3,691,754	7,658,037
2023-06-07	$187.31	$178.00	19.2%	5.5%	22.1%	2.4%	20.2%	2.8%	0.0%	650.3M	-14.41B	-242.4M	0.90	1.78	959,610	868,146	3,699,500	7,827,109
2023-06-08	$186.53	$178.00	18.6%	5.3%	22.3%	0.0%	19.2%	2.9%	0.0%	517.7M	-11.16B	-251.8M	0.75	1.51	482,185	362,330	3,913,302	8,017,606
2023-06-09	$184.74	$180.00	18.2%	5.2%	22.2%	0.0%	18.9%	2.4%	0.1%	32.4M	-5.64B	-251.4M	0.96	1.61	463,976	443,575	4,020,368	8,098,190
2023-06-12	$185.91	$180.00	19.2%	5.4%	22.1%	5.6%	20.0%	2.6%	-0.2%	384.7M	-9.42B	-246.9M	0.71	1.73	416,642	294,320	3,945,700	8,005,228
2023-06-13	$188.19	$180.00	18.8%	5.3%	22.0%	3.5%	19.9%	2.4%	-0.2%	826.8M	-16.09B	-241.0M	0.99	1.71	535,906	528,771	3,985,436	8,035,870
2023-06-14	$185.86	$180.00	18.9%	5.4%	22.1%	4.1%	19.7%	1.9%	-0.2%	311.3M	-9.07B	-247.8M	0.97	2.43	602,075	584,597	4,109,914	8,193,370
2023-06-15	$187.36	$180.00	18.6%	5.3%	21.2%	2.4%	19.4%	1.7%	-0.0%	599.3M	-13.38B	-243.6M	0.70	2.35	518,311	361,766	4,150,044	8,280,834
2023-06-16	$185.59	$181.00	18.0%	5.2%	21.6%	0.0%	19.1%	1.7%	0.1%	126.2M	-7.73B	-247.1M	1.09	1.96	467,031	509,142	4,242,065	8,421,788
2023-06-20	$185.47	$180.00	18.5%	5.3%	21.4%	2.8%	19.6%	2.5%	0.4%	-385.0M	-984.8M	-246.8M	1.54	1.86	265,932	408,972	3,265,766	6,642,849
2023-06-21	$185.07	$180.00	17.7%	5.1%	21.1%	0.0%	19.0%	2.5%	0.5%	-462.8M	-269.5M	-245.9M	1.22	1.88	306,367	372,363	3,290,747	6,741,444
2023-06-22	$183.31	$181.00	17.4%	5.0%	21.5%	0.0%	19.0%	2.5%	0.5%	-811.1M	4.20B	-247.9M	1.21	1.93	334,511	405,032	3,317,455	6,817,226
2023-06-23	$180.41	$181.00	17.7%	5.0%	21.8%	1.9%	17.7%	2.9%	0.5%	-1.41B	12.29B	-252.9M	1.63	1.71	345,847	563,204	3,392,722	6,888,836
2023-06-26	$181.59	$181.00	17.8%	5.0%	21.6%	2.2%	18.8%	3.3%	-0.0%	-1.04B	8.14B	-248.7M	1.02	1.77	296,107	300,690	3,376,579	6,916,587
2023-06-27	$183.82	$181.00	17.4%	4.9%	21.7%	0.0%	17.7%	2.7%	0.1%	-535.8M	1.57B	-245.4M	1.08	1.82	357,019	386,435	3,377,893	7,011,255
2023-06-28	$184.06	$181.00	17.2%	4.8%	21.7%	0.0%	17.7%	2.4%	-0.0%	-488.5M	761.9M	-241.4M	0.98	1.73	305,300	299,591	3,419,581	7,069,986
2023-06-29	$186.44	$181.00	17.5%	4.9%	21.4%	1.4%	17.6%	2.2%	-0.1%	232.8M	-6.08B	-237.9M	1.31	1.66	389,768	509,237	3,501,347	7,091,528
2023-06-30	$187.51	$181.00	16.8%	4.6%	21.2%	0.0%	16.5%	2.0%	-0.0%	704.9M	-9.31B	-234.2M	0.84	1.75	486,207	407,194	3,564,233	7,211,746