IWM Options History — May 2024

In May 2024, IWM traded between $197.41 and $209.03. ATM implied volatility averaged 18.0%, placing in the 29.5% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 2.1% (HV 20d: 15.9%). Max pain ranged from $195.00 to $200.00. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.57.

Notable Days

2024-05-23: Highest Volume — 1,531,832 contracts
2024-05-13: Largest IV spike — 10.6% change
2024-05-13: Highest IV Rank — 50.9%
2024-05-02: Largest Expected Move — 6.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$204.81	$197.41	$209.03	$197.41	$204.87
Max Pain	$198.64	$195.00	$200.00	$200.00	$200.00
ATM IV	18.0%	16.3%	19.9%	19.6%	17.9%
Expected Move	5.2%	4.7%	6.1%	6.1%	5.3%
HV 20d	15.9%	13.0%	20.2%	19.1%	14.0%
HV 60d	18.3%	16.7%	21.6%	21.4%	17.0%
IV Rank	29.5%	10.4%	50.9%	46.5%	28.8%
IV Percentile	22.0%	2.0%	56.3%	49.2%	20.6%
Term Structure	0.0%	-0.7%	1.1%	0.0%	-0.4%
VWIV	19.1%	16.5%	21.7%	21.7%	19.0%
Skew 25d	1.9%	1.4%	3.0%	1.9%	2.5%
Skew 10d	4.2%	2.6%	6.8%	4.4%	5.6%
Call IV 25d	17.4%	15.5%	19.2%	18.7%	17.0%
Put IV 25d	19.3%	17.5%	21.4%	20.6%	19.6%
Bid-Ask Spread %	1.42	1.16	1.79	1.79	1.43
Gamma HHI	0.04	0.03	0.10	0.04	0.03
Net GEX	-475.0M	-2.15B	2.88B	-2.04B	-1.08B
Net DEX	-9.10B	-26.66B	8.03B	8.03B	-3.11B
Net VEX	-288.3M	-311.9M	-271.0M	-307.0M	-286.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.57	1.05	2.05	1.98	1.50
Total Volume	915,383	518,325	1,531,832	1,168,190	796,797
Total OI	12,508,407.955	11,438,389	13,560,510	12,243,154	12,489,187

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
2024-05-01	$197.41	$200.00	19.6%	6.1%	19.1%	46.5%	21.7%	1.9%	0.0%	-2.04B	8.03B	-307.0M	1.98	1.79	391,703	776,487	4,014,357	8,228,797
2024-05-02	$199.51	$200.00	19.5%	6.1%	19.3%	46.1%	21.6%	1.7%	0.0%	-1.43B	2.17B	-311.9M	1.09	1.37	412,866	451,387	4,045,665	8,339,395
2024-05-03	$201.69	$200.00	18.5%	5.5%	19.7%	34.6%	19.8%	1.4%	0.2%	-705.4M	-6.04B	-303.9M	1.91	1.23	484,665	926,205	4,135,499	8,390,013
2024-05-06	$204.28	$195.00	18.8%	5.5%	20.1%	38.0%	20.7%	1.6%	0.8%	-252.7M	-12.22B	-293.6M	1.77	1.53	373,962	662,859	4,066,054	8,355,575
2024-05-07	$205.31	$195.00	18.7%	5.5%	20.2%	37.7%	20.5%	1.4%	0.9%	-125.8M	-15.30B	-291.0M	1.91	1.38	329,886	631,184	4,121,131	8,508,812
2024-05-08	$203.81	$196.00	18.3%	5.4%	17.5%	32.9%	19.9%	1.5%	1.0%	-919.7M	-10.44B	-292.1M	2.05	1.38	208,033	426,907	4,161,639	8,633,027
2024-05-09	$205.69	$196.00	17.9%	5.3%	17.4%	28.0%	19.6%	1.5%	1.1%	206.2M	-16.91B	-285.7M	1.28	1.16	283,765	364,449	4,167,817	8,673,339
2024-05-10	$204.28	$196.00	18.0%	5.2%	16.0%	29.4%	19.0%	1.5%	1.1%	-675.2M	-10.88B	-294.9M	1.68	1.37	312,264	525,142	4,220,374	8,837,979
2024-05-13	$204.72	$196.00	19.9%	5.5%	14.8%	50.9%	20.6%	2.2%	-0.7%	-476.7M	-11.24B	-295.5M	1.82	1.31	347,033	631,752	4,183,637	8,849,755
2024-05-14	$206.93	$197.00	19.6%	5.4%	15.0%	47.3%	19.8%	1.8%	-0.7%	540.2M	-19.46B	-284.2M	1.26	1.37	475,109	597,881	4,289,169	8,842,754
2024-05-15	$209.03	$199.00	17.8%	5.0%	14.5%	27.2%	18.8%	1.4%	-0.5%	2.88B	-26.66B	-277.4M	1.68	1.34	483,752	810,888	4,421,015	8,936,148
2024-05-16	$208.22	$200.00	17.3%	4.8%	14.6%	21.0%	17.2%	1.4%	-0.5%	1.11B	-23.76B	-272.3M	1.32	1.43	293,859	388,208	4,404,190	9,058,790
2024-05-17	$207.72	$200.00	17.1%	4.8%	14.5%	18.9%	17.3%	1.5%	-0.4%	957.0M	-21.36B	-273.8M	1.37	1.38	402,767	551,366	4,418,494	9,142,016
2024-05-20	$208.61	$200.00	16.6%	4.7%	13.8%	13.6%	17.4%	1.4%	0.1%	222.8M	-14.94B	-276.4M	1.14	1.32	242,386	275,939	3,773,452	7,664,937
2024-05-21	$208.31	$200.00	16.4%	4.7%	13.0%	11.5%	16.5%	1.5%	0.1%	23.0M	-14.34B	-271.0M	1.05	1.24	266,541	281,158	3,798,456	7,745,219
2024-05-22	$206.38	$200.00	16.7%	4.8%	13.4%	14.5%	17.7%	1.8%	0.1%	-733.9M	-7.73B	-280.6M	1.38	1.51	381,585	525,216	3,879,617	7,850,445
2024-05-23	$202.88	$200.00	17.5%	5.0%	14.8%	23.4%	18.0%	2.9%	-0.2%	-2.01B	4.15B	-291.5M	1.72	1.76	562,978	968,854	3,904,368	7,982,972
2024-05-24	$205.14	$200.00	16.3%	4.7%	14.7%	10.4%	17.0%	2.4%	-0.1%	-1.17B	-4.39B	-282.9M	1.57	1.45	263,448	412,495	3,999,246	8,075,623
2024-05-28	$204.97	$200.00	17.3%	5.1%	14.7%	22.0%	18.3%	2.6%	-0.3%	-1.18B	-3.32B	-284.3M	1.43	1.53	236,526	339,217	3,929,954	8,150,256
2024-05-29	$202.31	$200.00	18.2%	5.3%	14.2%	31.3%	19.2%	3.0%	-0.5%	-2.15B	6.33B	-290.1M	1.91	1.47	422,302	805,946	3,967,662	8,196,120
2024-05-30	$203.66	$200.00	18.5%	5.5%	14.3%	34.9%	20.5%	2.8%	-0.5%	-1.45B	1.18B	-296.5M	1.77	1.53	293,611	519,048	4,019,045	8,312,975
2024-05-31	$204.87	$200.00	17.9%	5.3%	14.0%	28.8%	19.0%	2.5%	-0.4%	-1.08B	-3.11B	-286.9M	1.50	1.43	318,100	478,697	4,078,241	8,410,946