IWM Options History — August 2023

In August 2023, IWM traded between $183.55 and $197.55. ATM implied volatility averaged 18.5%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 4.4% (HV 20d: 14.1%). Max pain ranged from $186.00 to $190.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 1.93.

Notable Days

  • 2023-08-17: Highest Volume — 1,111,124 contracts
  • 2023-08-02: Largest IV spike — 8.6% change
  • 2023-08-17: Highest IV Rank — 17.7%
  • 2023-08-17: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$189.12$183.55$197.55$197.55$188.95
Max Pain$187.74$186.00$190.00$190.00$186.00
ATM IV18.5%16.0%20.2%17.6%16.0%
Expected Move5.2%4.2%5.8%4.9%4.2%
HV 20d14.1%11.7%18.3%17.9%12.6%
HV 60d17.7%15.3%18.7%18.7%15.3%
IV Rank9.1%0.0%17.7%4.4%0.0%
IV Percentile12.8%0.0%26.2%4.8%0.0%
Term Structure0.1%-0.3%0.3%-0.2%0.0%
VWIV19.5%16.1%21.8%18.5%16.6%
Skew 25d3.9%2.8%4.6%2.8%3.1%
Skew 10d8.5%6.8%10.0%7.1%6.8%
Call IV 25d16.8%14.7%18.0%16.5%14.7%
Put IV 25d20.7%17.9%22.6%19.3%17.9%
Bid-Ask Spread %1.521.012.311.011.04
Gamma HHI0.040.030.080.040.04
Net GEX-1.63B-2.54B-90.8M-90.8M-1.47B
Net DEX6.58B-14.47B22.17B-14.47B3.42B
Net VEX-238.9M-250.2M-220.4M-224.2M-220.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.930.983.091.672.80
Total Volume699,325.609482,9331,111,124820,030512,151
Total OI10,774,071.34810,204,27511,502,90210,204,27510,865,718

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$197.55$190.0017.6%4.9%17.9%4.4%18.5%2.8%-0.2%-90.8M-14.47B-224.2M1.671.01307,105512,9253,346,4236,857,852
2023-08-02$195.05$190.0019.2%5.4%18.3%12.4%20.6%3.9%-0.2%-1.35B-6.72B-245.1M2.691.35235,076633,2413,469,3737,023,185
2023-08-03$194.68$188.0019.0%5.4%16.1%11.6%21.5%4.0%-0.2%-720.9M-6.20B-245.9M1.962.08225,181440,3243,475,9227,100,295
2023-08-04$194.09$188.0019.6%5.6%15.6%14.7%21.8%4.1%-0.3%-1.04B-4.03B-250.2M2.122.31270,977575,1613,555,2467,227,001
2023-08-07$194.16$188.0018.5%5.3%15.0%8.9%21.1%4.1%0.2%-745.8M-5.32B-239.0M2.171.89175,115380,5763,483,0077,144,536
2023-08-08$193.19$189.0018.6%5.4%14.8%9.4%21.3%4.2%0.2%-929.1M-2.38B-241.9M1.822.14234,663428,0173,481,5357,139,601
2023-08-09$191.70$188.0018.6%5.4%14.3%9.6%20.5%4.1%0.2%-1.17B1.20B-240.5M0.991.89280,316276,4713,540,5177,223,291
2023-08-10$190.32$189.0018.8%5.4%14.3%10.6%20.5%4.2%0.1%-1.53B4.81B-243.2M1.921.98297,855570,7423,557,8347,276,197
2023-08-11$190.99$189.0017.8%5.2%13.9%5.5%19.8%3.7%0.2%-2.25B3.84B-245.2M1.402.05228,215320,0303,632,2147,478,639
2023-08-14$190.61$189.0017.7%5.1%13.1%4.7%18.4%3.5%0.3%-1.44B3.21B-235.0M0.981.89344,682339,3333,532,6117,345,233
2023-08-15$188.09$189.0019.0%5.4%13.0%11.3%19.8%4.0%0.3%-1.90B10.86B-242.3M2.391.55181,537434,4303,582,9517,459,444
2023-08-16$186.31$189.0019.2%5.5%13.1%12.7%19.1%4.3%0.3%-2.18B15.68B-243.7M2.001.60337,783676,2733,647,5247,498,740
2023-08-17$183.70$188.0020.2%5.8%13.4%17.7%20.8%4.6%0.3%-2.54B22.17B-246.5M3.091.40271,358839,7663,693,2057,620,534
2023-08-18$185.13$187.0019.7%5.6%14.0%15.3%20.5%4.2%0.3%-1.96B16.72B-247.5M2.111.27320,818677,4373,817,7077,685,195
2023-08-21$184.63$187.0019.2%5.4%13.8%12.5%20.4%4.5%0.2%-2.21B17.93B-243.3M1.601.32217,072346,4213,376,1627,000,235
2023-08-22$183.84$187.0019.5%5.5%13.8%14.1%19.5%4.5%0.2%-2.39B19.74B-242.5M1.181.18221,345261,5883,405,6847,062,229
2023-08-23$185.84$187.0018.4%5.1%14.2%8.1%18.6%4.1%0.3%-1.85B12.84B-240.2M2.551.20178,944455,4603,486,4217,123,039
2023-08-24$183.55$186.0019.1%5.4%13.6%12.1%19.5%4.3%0.2%-2.38B20.01B-239.5M2.101.25177,271373,0633,493,9247,130,833
2023-08-25$184.41$186.0018.1%5.0%12.0%6.9%18.3%3.7%0.3%-2.36B17.38B-237.9M1.581.30310,342490,4063,561,1387,249,688
2023-08-28$185.72$186.0017.9%4.9%11.7%5.6%18.2%3.9%-0.1%-2.04B12.05B-228.4M1.991.06184,621368,1633,447,6977,227,317
2023-08-29$188.16$186.0017.2%4.6%13.0%1.9%17.2%3.5%-0.0%-1.67B5.70B-227.4M1.491.13243,618363,1003,393,3247,235,792
2023-08-30$189.00$186.0016.6%4.4%12.6%0.0%16.1%3.2%0.0%-1.32B3.00B-226.0M1.711.10208,541356,9763,470,0407,378,588
2023-08-31$188.95$186.0016.0%4.2%12.6%0.0%16.6%3.1%0.0%-1.47B3.42B-220.4M2.801.04134,928377,2233,471,0837,394,635