IWM Options History — December 2024

In December 2024, IWM traded between $219.49 and $242.51. ATM implied volatility averaged 21.2%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 0.2% (HV 20d: 21.4%). Max pain ranged from $226.00 to $230.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.05.

Notable Days

  • 2024-12-18: Highest Volume — 2,442,411 contracts
  • 2024-12-18: Largest IV spike — 27.2% change
  • 2024-12-18: Highest IV Rank — 51.4%
  • 2024-12-18: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$230.63$219.49$242.51$242.51$220.96
Max Pain$228.95$226.00$230.00$226.00$228.00
ATM IV21.2%19.0%27.1%21.2%21.7%
Expected Move6.2%5.7%7.8%6.7%6.2%
HV 20d21.4%16.0%28.2%27.6%22.3%
HV 60d21.6%20.3%23.3%20.6%23.0%
IV Rank23.2%13.0%51.4%23.4%25.9%
IV Percentile48.2%21.8%97.6%54.8%59.5%
Term Structure0.2%-0.7%0.7%0.0%0.1%
VWIV22.7%21.0%27.4%24.6%21.8%
Skew 25d2.1%0.5%5.6%1.5%2.9%
Skew 10d5.2%2.7%12.5%5.0%6.1%
Call IV 25d20.6%19.0%24.9%21.1%20.6%
Put IV 25d22.7%19.7%30.4%22.5%23.5%
Bid-Ask Spread %1.951.506.221.621.95
Gamma HHI0.040.030.050.040.04
Net GEX-1.27B-3.41B545.5M545.5M-2.17B
Net DEX-2.62B-32.48B37.66B-32.48B17.86B
Net VEX-274.8M-296.0M-259.9M-259.9M-283.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.691.990.800.74
Total Volume1,364,964.667739,6092,442,411963,2291,114,326
Total OI11,761,562.76210,147,11012,839,19211,833,88010,388,396

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-12-02$242.51$226.0021.2%6.7%27.6%23.4%24.6%1.5%0.0%545.5M-32.48B-259.9M0.801.62534,380428,8493,824,5148,009,366
2024-12-03$239.82$226.0020.4%6.5%28.2%19.5%23.2%1.6%0.3%-344.2M-25.86B-262.0M1.171.58519,528605,8913,826,9308,069,594
2024-12-04$240.57$227.0019.9%6.4%27.9%17.0%22.5%1.2%0.3%277.9M-27.50B-266.2M0.721.60513,130367,8183,847,9578,171,828
2024-12-05$238.43$229.0019.9%5.9%19.0%16.9%21.3%1.2%0.5%-488.9M-22.18B-267.8M1.041.59568,386589,0543,896,4138,233,425
2024-12-06$238.94$229.0019.0%5.7%19.0%13.0%21.2%0.7%0.6%-70.2M-25.11B-262.2M1.051.77511,218538,3463,975,8608,296,941
2024-12-09$238.04$229.0020.3%6.0%18.9%19.2%21.8%1.1%0.3%-539.5M-22.50B-260.6M1.131.70615,763692,8113,938,1398,202,126
2024-12-10$236.69$229.0020.2%5.9%18.0%18.5%21.6%1.2%0.3%-941.5M-18.69B-267.6M1.161.72609,123704,3593,963,0908,290,435
2024-12-11$238.62$229.0019.7%5.8%16.9%16.0%21.2%0.5%0.5%73.5M-25.12B-260.0M1.001.64646,245648,5184,046,6178,347,399
2024-12-12$234.88$230.0019.7%5.8%17.8%16.2%21.0%0.8%0.5%-1.17B-14.58B-266.2M1.051.53665,192695,5304,118,6988,381,654
2024-12-13$233.01$230.0019.6%5.7%16.8%15.6%21.0%0.8%0.7%-2.10B-9.84B-272.8M0.771.61853,420656,1404,192,5778,433,845
2024-12-16$234.26$230.0020.9%6.0%16.0%22.0%22.1%0.5%-0.2%-699.8M-15.31B-264.9M0.691.64932,346646,9604,211,4518,441,191
2024-12-17$230.99$230.0021.3%6.1%16.8%23.7%22.8%1.2%-0.2%-1.78B4.72B-283.0M1.041.50764,210796,3873,810,4328,552,590
2024-12-18$219.49$230.0027.1%7.8%24.7%51.4%27.4%5.5%-0.7%-3.18B37.66B-294.4M1.346.221,044,3401,398,0713,943,4088,565,293
2024-12-19$220.69$230.0025.8%7.4%24.9%45.2%27.1%5.6%-0.5%-3.41B32.55B-296.0M1.992.22772,3731,536,9024,120,6528,641,163
2024-12-20$222.27$230.0023.4%6.8%23.6%34.1%24.9%4.2%-0.4%-2.37B21.82B-292.5M1.242.22808,6901,005,0734,261,9198,577,273
2024-12-23$221.24$230.0022.3%6.5%22.7%28.4%23.9%3.2%0.4%-1.88B17.62B-285.5M1.051.64643,933673,8313,620,2086,526,902
2024-12-24$223.03$229.0020.2%5.8%21.4%18.3%22.0%2.5%0.5%-1.43B11.83B-278.9M1.021.85366,656372,9533,660,6956,566,365
2024-12-26$225.83$229.0019.8%5.7%22.0%16.8%21.1%2.3%0.6%-830.5M5.01B-277.6M0.771.87674,536517,5853,690,6426,612,213
2024-12-27$221.58$229.0020.9%6.1%22.6%21.9%22.3%2.9%0.5%-1.98B17.20B-284.4M1.131.69645,970727,6623,753,0976,696,842
2024-12-30$221.35$229.0021.3%6.2%22.3%23.9%22.6%2.8%0.1%-2.13B17.91B-284.3M1.101.83597,803659,9503,531,4526,753,226
2024-12-31$220.96$228.0021.7%6.2%22.3%25.9%21.8%2.9%0.1%-2.17B17.86B-283.4M0.741.95640,950473,3763,591,3026,797,094