IWM Options History — February 2024

In February 2024, IWM traded between $192.39 and $204.24. ATM implied volatility averaged 21.9%, placing in the 44.4% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded below realized volatility by 1.4% (HV 20d: 23.2%). Max pain ranged from $190.00 to $191.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.01.

Notable Days

  • 2024-02-13: Highest Volume — 1,829,205 contracts
  • 2024-02-13: Largest IV spike — 10.1% change
  • 2024-02-20: Highest IV Rank — 60.3%
  • 2024-02-20: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$198.74$192.39$204.24$195.59$203.78
Max Pain$190.35$190.00$191.00$190.00$191.00
ATM IV21.9%20.1%24.2%21.2%21.9%
Expected Move6.3%5.8%6.8%6.1%6.4%
HV 20d23.2%15.9%28.1%16.8%26.8%
HV 60d22.1%19.4%23.0%21.9%22.3%
IV Rank44.4%32.1%60.3%39.6%44.3%
IV Percentile76.3%54.4%92.9%72.2%79.4%
Term Structure-0.1%-0.8%0.3%-0.1%-0.6%
VWIV22.8%20.8%24.9%22.8%23.1%
Skew 25d1.5%0.3%3.0%1.7%0.8%
Skew 10d4.0%1.5%7.1%4.6%3.1%
Call IV 25d21.7%20.3%23.4%21.0%22.1%
Put IV 25d23.1%20.6%26.1%22.7%22.9%
Bid-Ask Spread %1.601.341.871.851.39
Gamma HHI0.030.030.050.030.03
Net GEX64.2M-1.43B1.32B-531.3M929.3M
Net DEX-14.58B-33.30B2.50B-6.26B-23.69B
Net VEX-283.6M-299.9M-262.6M-287.1M-284.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.631.511.410.88
Total Volume1,180,894.6825,8261,829,2051,243,1021,006,709
Total OI12,186,598.9511,515,30513,418,33611,794,81812,373,463

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$195.59$190.0021.2%6.1%16.8%39.6%22.8%1.7%-0.1%-531.3M-6.26B-287.1M1.411.85515,871727,2314,189,9547,604,864
2024-02-02$194.57$190.0020.9%6.0%16.9%37.5%22.4%1.7%0.1%-854.9M-3.65B-288.7M0.751.79740,237554,6504,295,7937,745,319
2024-02-05$192.39$190.0021.3%6.2%17.3%40.7%22.7%1.9%0.2%-1.43B2.50B-286.7M1.191.71477,759570,0914,176,5697,585,366
2024-02-06$193.22$190.0020.8%6.0%16.2%37.0%21.7%1.6%0.1%-941.0M-1.74B-284.6M1.101.68396,491435,5674,233,5937,654,233
2024-02-07$193.41$190.0020.6%5.9%15.9%35.8%21.1%1.2%0.1%-825.3M-3.50B-280.1M1.121.70448,278500,0084,352,1167,749,445
2024-02-08$195.99$190.0020.4%5.9%16.6%34.2%20.8%0.8%0.0%-88.4M-11.71B-279.8M0.631.68636,931401,4404,377,6567,805,716
2024-02-09$199.25$190.0020.1%5.8%17.4%32.1%21.2%0.3%0.1%1.10B-22.09B-274.1M0.911.72831,667757,1184,426,1467,911,058
2024-02-12$203.41$190.0021.0%6.0%18.6%38.2%22.0%0.7%0.3%1.29B-32.28B-262.6M0.721.62956,571685,2804,378,6187,954,265
2024-02-13$194.18$190.0023.1%6.6%25.1%52.7%23.8%3.0%0.2%-1.21B-14.4M-294.5M1.121.87863,287965,9184,483,0958,172,108
2024-02-14$199.31$190.0022.1%6.3%26.3%46.1%22.8%2.2%0.3%635.6M-19.87B-287.4M1.131.62705,591795,4314,621,5088,258,067
2024-02-15$204.24$190.0023.3%6.7%27.4%54.0%24.6%1.0%0.3%1.32B-33.30B-286.2M1.041.78774,627809,3464,623,0048,410,677
2024-02-16$201.95$190.0023.2%6.6%27.8%53.6%24.0%1.8%0.3%721.6M-27.05B-288.6M1.151.59633,248725,8744,736,4358,681,901
2024-02-20$198.45$191.0024.2%6.8%27.8%60.3%24.5%2.6%-0.8%-539.7M-8.44B-295.0M1.511.49407,744616,9564,086,0447,429,261
2024-02-21$197.39$191.0023.9%6.7%27.8%58.5%24.9%2.5%-0.7%-685.1M-5.08B-299.9M1.261.47364,864460,9624,147,1217,542,845
2024-02-22$199.86$190.0022.9%6.4%28.0%51.6%23.4%1.3%-0.7%-21.7M-13.71B-290.6M0.891.44507,289452,4974,208,8697,555,975
2024-02-23$200.00$191.0021.7%6.0%28.0%43.1%21.6%1.4%-0.5%92.9M-15.31B-283.1M0.741.41627,730463,6494,315,3177,630,779
2024-02-26$201.44$191.0021.8%6.2%28.1%43.6%22.2%0.8%-0.5%484.2M-18.58B-278.4M0.741.44488,508359,3914,268,1187,564,841
2024-02-27$203.99$191.0021.5%6.2%28.0%41.9%22.3%0.9%-0.5%1.19B-26.69B-266.5M0.891.34555,039491,4774,319,1287,652,392
2024-02-28$202.41$191.0021.8%6.4%28.1%43.6%23.0%0.9%-0.6%652.0M-21.06B-274.3M1.051.38442,425464,1404,459,8727,750,448
2024-02-29$203.78$191.0021.9%6.4%26.8%44.3%23.1%0.8%-0.6%929.3M-23.69B-284.5M0.881.39535,515471,1944,495,2087,878,255