IWM Options History — October 2023

In October 2023, IWM traded between $161.88 and $176.25. ATM implied volatility averaged 21.5%, placing in the 34.0% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 4.7% (HV 20d: 16.9%). Max pain ranged from $172.00 to $183.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 2.43.

Notable Days

2023-10-04: Highest Volume — 2,402,210 contracts
2023-10-13: Largest IV spike — 10.9% change
2023-10-27: Highest IV Rank — 53.9%
2023-10-26: Largest Expected Move — 7.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$169.67	$161.88	$176.25	$173.56	$164.57
Max Pain	$177.68	$172.00	$183.00	$183.00	$172.00
ATM IV	21.5%	19.1%	23.8%	20.4%	20.9%
Expected Move	6.3%	5.5%	7.1%	6.0%	6.3%
HV 20d	16.9%	13.3%	19.4%	13.8%	18.9%
HV 60d	14.9%	13.9%	15.8%	14.7%	15.6%
IV Rank	34.0%	18.5%	53.9%	25.0%	37.9%
IV Percentile	51.4%	27.0%	71.8%	40.1%	48.4%
Term Structure	-0.2%	-0.7%	0.1%	-0.2%	-0.0%
VWIV	21.7%	18.3%	24.9%	20.6%	21.3%
Skew 25d	4.6%	3.7%	5.7%	3.8%	4.0%
Skew 10d	9.4%	7.4%	11.6%	8.3%	7.9%
Call IV 25d	19.4%	16.9%	21.3%	18.8%	19.1%
Put IV 25d	23.9%	21.2%	26.9%	22.6%	23.2%
Bid-Ask Spread %	1.16	0.98	1.55	1.12	1.17
Gamma HHI	0.06	0.04	0.16	0.05	0.06
Net GEX	-2.67B	-3.97B	-2.00B	-2.74B	-2.36B
Net DEX	33.45B	18.98B	43.76B	33.60B	33.05B
Net VEX	-223.5M	-230.3M	-216.4M	-216.6M	-223.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.43	0.85	4.55	1.65	1.82
Total Volume	1,482,623.727	724,667	2,402,210	1,067,297	1,137,197
Total OI	10,349,499.773	9,268,542	11,138,589	9,268,542	10,818,258

Daily Data (22 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
2023-10-02	$173.56	$183.00	20.4%	6.0%	13.8%	25.0%	20.6%	3.8%	-0.2%	-2.74B	33.60B	-216.6M	1.65	1.12	402,162	665,135	2,863,181	6,405,361
2023-10-03	$171.14	$183.00	22.3%	6.6%	13.3%	34.2%	22.3%	4.3%	-0.2%	-2.73B	38.22B	-216.4M	2.72	1.02	413,948	1,124,971	2,950,666	6,426,257
2023-10-04	$171.34	$181.00	21.3%	6.2%	13.4%	29.3%	20.9%	4.3%	-0.1%	-2.58B	35.67B	-218.4M	3.91	1.13	489,425	1,912,785	3,125,643	6,501,551
2023-10-05	$171.82	$180.00	20.9%	5.9%	13.5%	27.1%	21.8%	4.0%	-0.1%	-2.56B	32.65B	-221.9M	2.25	1.19	357,222	804,713	3,201,937	6,641,759
2023-10-06	$173.28	$180.00	20.0%	5.7%	14.2%	22.7%	20.5%	3.7%	-0.1%	-2.17B	27.91B	-223.6M	0.85	1.44	607,214	517,863	3,328,545	6,814,525
2023-10-09	$173.87	$180.00	20.3%	5.8%	14.2%	24.2%	21.8%	3.9%	-0.0%	-2.27B	26.05B	-222.6M	1.21	1.22	327,669	396,998	3,211,512	6,787,753
2023-10-10	$176.25	$180.00	19.3%	5.5%	15.4%	19.4%	19.5%	3.9%	-0.0%	-2.00B	18.98B	-223.9M	1.87	1.30	390,925	732,318	3,281,944	6,835,238
2023-10-11	$175.50	$180.00	19.1%	5.5%	15.3%	18.5%	18.3%	4.3%	0.1%	-2.45B	21.78B	-224.7M	2.66	1.27	396,351	1,055,095	3,425,176	6,985,799
2023-10-12	$171.72	$180.00	19.6%	5.6%	15.7%	20.7%	20.3%	4.3%	-0.0%	-3.10B	34.99B	-222.2M	1.83	1.22	588,974	1,079,342	3,443,417	7,070,331
2023-10-13	$170.16	$180.00	21.7%	6.2%	15.5%	31.3%	22.4%	5.4%	-0.1%	-3.50B	38.25B	-222.8M	2.77	1.16	412,843	1,145,173	3,540,977	7,105,318
2023-10-16	$173.06	$178.00	19.9%	5.7%	17.2%	23.2%	21.5%	4.6%	-0.4%	-2.56B	26.40B	-220.7M	2.42	1.11	385,010	931,813	3,500,933	6,974,578
2023-10-17	$175.01	$177.00	20.2%	5.8%	17.8%	25.7%	21.8%	4.9%	-0.5%	-2.13B	20.02B	-225.9M	1.81	1.31	505,688	916,168	3,535,626	7,063,568
2023-10-18	$171.05	$177.00	22.4%	6.4%	19.2%	38.6%	22.4%	5.6%	-0.6%	-2.91B	33.82B	-230.3M	4.28	1.55	395,359	1,693,654	3,662,591	7,230,694
2023-10-19	$168.41	$176.00	23.7%	6.8%	19.2%	46.2%	24.9%	5.4%	-0.7%	-3.04B	38.49B	-228.8M	2.45	1.08	438,761	1,073,107	3,758,980	7,138,171
2023-10-20	$166.81	$175.00	23.8%	6.9%	19.4%	46.3%	23.0%	5.7%	-0.7%	-3.97B	42.06B	-227.4M	1.90	1.00	606,804	1,154,412	3,932,258	7,206,331
2023-10-23	$165.51	$175.00	23.2%	6.8%	19.4%	44.3%	24.2%	5.0%	-0.2%	-2.59B	38.66B	-225.1M	2.36	0.98	454,334	1,073,811	3,353,466	6,761,700
2023-10-24	$166.56	$175.00	22.0%	6.5%	19.2%	37.3%	22.2%	4.6%	-0.2%	-2.47B	34.57B	-227.8M	3.16	1.13	280,651	885,691	3,468,442	6,839,157
2023-10-25	$163.99	$175.00	23.3%	6.9%	19.4%	44.5%	20.3%	4.8%	-0.2%	-2.82B	40.87B	-224.7M	4.55	0.99	426,375	1,939,699	3,582,559	6,950,083
2023-10-26	$163.94	$175.00	23.6%	7.1%	18.8%	50.1%	22.0%	4.7%	-0.2%	-2.58B	38.33B	-226.9M	2.24	1.13	390,502	873,955	3,622,050	6,865,060
2023-10-27	$161.88	$174.00	23.6%	7.0%	19.0%	53.9%	23.7%	4.8%	-0.1%	-2.85B	43.76B	-221.9M	2.47	1.00	540,271	1,336,596	3,766,003	6,958,523
2023-10-30	$163.34	$173.00	22.4%	6.8%	19.0%	47.5%	20.7%	4.4%	-0.1%	-2.37B	37.82B	-221.9M	2.30	0.98	411,387	945,351	3,737,903	7,015,171
2023-10-31	$164.57	$172.00	20.9%	6.3%	18.9%	37.9%	21.3%	4.0%	-0.0%	-2.36B	33.05B	-223.5M	1.82	1.17	403,471	733,726	3,799,497	7,018,761