IWM Options History — July 2023

In July 2023, IWM traded between $182.32 and $198.28. ATM implied volatility averaged 17.9%, placing in the 5.8% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 0.7% (HV 20d: 17.2%). Max pain ranged from $180.00 to $190.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.23.

Notable Days

  • 2023-07-12: Highest Volume — 1,242,998 contracts
  • 2023-07-12: Largest IV drop — 6.2% change
  • 2023-07-11: Highest IV Rank — 12.4%
  • 2023-07-11: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$192.38$182.32$198.28$187.88$198.28
Max Pain$185.45$180.00$190.00$181.00$190.00
ATM IV17.9%17.1%19.2%17.2%17.5%
Expected Move5.1%4.8%5.4%4.8%4.9%
HV 20d17.2%15.6%17.9%17.9%17.8%
HV 60d19.4%18.9%20.0%18.9%19.0%
IV Rank5.8%1.3%12.4%2.2%3.8%
IV Percentile4.5%0.4%8.7%0.8%3.2%
Term Structure0.0%-0.2%0.2%0.1%-0.2%
VWIV18.5%16.8%20.4%16.8%18.3%
Skew 25d2.5%1.8%3.6%2.3%2.6%
Skew 10d5.8%4.0%8.0%5.5%5.4%
Call IV 25d16.9%16.2%17.8%16.4%16.4%
Put IV 25d19.5%18.5%21.1%18.7%19.1%
Bid-Ask Spread %1.290.921.891.891.44
Gamma HHI0.040.030.070.060.04
Net GEX248.4M-1.19B1.03B467.3M302.4M
Net DEX-12.82B-25.04B8.72B-6.78B-17.80B
Net VEX-231.5M-243.8M-218.8M-234.5M-218.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.691.940.691.94
Total Volume751,902.1261,1141,242,998261,114776,387
Total OI10,569,829.89,906,82411,577,90710,005,01010,131,782

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$187.88$181.0017.2%4.8%17.9%2.2%16.8%2.3%0.1%467.3M-6.78B-234.5M0.691.89154,578106,5363,344,2346,660,776
2023-07-05$186.22$181.0017.8%5.0%17.6%5.0%17.6%2.4%0.0%-155.4M-3.24B-228.5M0.811.55296,941241,1733,367,6096,671,000
2023-07-06$182.32$180.0018.7%5.4%16.6%9.8%20.4%3.6%-0.0%-1.19B8.72B-242.7M1.891.29391,199737,6853,372,7326,718,799
2023-07-07$185.28$180.0018.2%5.2%16.8%7.3%19.9%2.5%0.0%-339.8M412.7M-243.8M1.281.42379,119486,2443,488,4816,829,402
2023-07-10$187.69$180.0019.1%5.4%17.4%12.0%19.6%3.5%-0.2%460.3M-5.80B-236.6M1.321.28390,706516,3163,419,2316,942,994
2023-07-11$189.81$181.0019.2%5.4%17.4%12.4%19.5%3.3%-0.2%437.4M-11.39B-236.4M1.061.26437,084462,1233,473,9117,064,316
2023-07-12$192.32$183.0018.0%5.1%17.8%6.2%18.7%2.6%-0.0%1.03B-19.32B-229.1M1.031.32613,401629,5973,621,9847,176,990
2023-07-13$193.57$185.0017.6%5.0%17.5%4.1%18.6%2.5%-0.1%721.9M-19.44B-228.8M1.061.30318,550336,8113,567,0927,265,077
2023-07-14$191.51$185.0017.6%5.0%17.3%4.1%18.0%2.3%-0.1%117.6M-14.10B-233.9M1.261.33458,543577,4973,646,8607,423,905
2023-07-17$193.84$185.0017.9%5.1%17.6%5.7%18.3%2.4%0.1%651.0M-19.02B-229.0M0.711.25414,111294,9883,603,5357,393,684
2023-07-18$196.03$185.0018.0%5.1%17.4%6.1%18.9%2.0%0.1%810.5M-23.87B-225.6M1.321.25373,993491,9623,685,2207,464,231
2023-07-19$196.91$186.0017.9%5.1%17.3%6.0%18.5%1.8%0.2%787.4M-25.04B-226.6M1.031.23335,999345,8043,689,3617,606,983
2023-07-20$194.93$188.0018.0%5.2%17.9%6.5%18.1%2.0%0.1%461.3M-19.95B-229.1M1.331.23268,173357,4903,743,2677,709,517
2023-07-21$194.50$189.0017.6%5.0%17.4%4.3%17.9%1.9%0.2%418.1M-18.54B-231.5M1.031.19291,837299,9603,787,6337,790,274
2023-07-24$195.03$190.0017.7%5.0%15.9%4.5%18.0%2.3%0.1%-103.5M-11.88B-229.7M1.451.01225,138326,7663,310,0266,596,798
2023-07-25$195.20$190.0018.0%5.1%15.9%6.1%19.3%2.6%0.0%-29.9M-11.66B-232.8M0.971.24243,884236,3843,345,0676,712,445
2023-07-26$196.64$190.0017.3%4.9%15.6%2.6%18.0%2.5%0.1%431.4M-15.68B-227.1M1.221.12228,254277,8733,417,9976,752,041
2023-07-27$193.24$190.0018.1%5.1%17.3%6.8%18.5%3.1%0.1%-469.5M-6.56B-236.9M1.741.28364,026633,8973,396,6946,802,539
2023-07-28$196.41$190.0017.1%4.8%17.6%1.3%16.9%2.4%0.2%158.6M-15.50B-228.1M1.380.92301,107415,9063,497,5326,904,577
2023-07-31$198.28$190.0017.5%4.9%17.8%3.8%18.3%2.6%-0.2%302.4M-17.80B-218.8M1.941.44264,019512,3683,343,2616,788,521