W Options History — February 2015

In February 2015, W traded between $20.09 and $24.53. ATM implied volatility averaged 70.4%. The 30-day expected move averaged 20.8%. IV traded above realized volatility by 23.7% (HV 20d: 46.7%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 15 of 18 trading days. Term structure was in contango for 4 of 18 days. Put/call ratio averaged 1.37.

Notable Days

  • 2015-02-13: Highest Volume — 1,569 contracts
  • 2015-02-11: Largest IV spike — 13.6% change
  • 2015-02-26: Largest Expected Move — 21.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.34$20.09$24.53$20.09$23.31
Max Pain$21.39$20.00$22.50$20.00$22.50
ATM IV70.4%61.8%75.9%68.3%74.0%
Expected Move20.8%19.6%21.8%19.6%21.2%
HV 20d46.7%41.2%51.9%51.3%42.7%
HV 60d60.3%55.8%70.0%68.8%56.8%
Term Structure-3.1%-7.8%8.8%8.8%-5.5%
VWIV73.0%50.1%81.1%68.1%75.3%
Skew 25d11.5%2.8%25.0%7.2%8.4%
Skew 10d25.5%-11.5%52.7%36.0%12.0%
Call IV 25d69.9%54.2%76.7%73.9%76.7%
Put IV 25d81.4%70.0%86.1%81.1%85.0%
Bid-Ask Spread %63.1148.4271.6354.7871.63
Gamma HHI0.420.280.640.300.41
Net GEX36.8K-11.9K98.2K13.7K-11.9K
Net DEX-1.4M-3.7M136.6K136.6K-527.9K
Net VEX-11.1K-14.3K-8.5K-9.7K-14.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.370.343.473.471.33
Total Volume943.111851,56985945
Total OI6,147.3334,0517,8305,6584,891

Daily Data (18 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-02-02$20.09$20.0068.3%19.6%51.3%0.0%68.1%7.2%8.8%13.7K136.6K-9.7K3.4754.78N/AN/A19662,6353,023
2015-02-03$21.20$20.0072.7%20.8%50.9%0.0%50.1%25.0%2.4%25.8K-515.0K-9.7K2.2558.63N/AN/A2776242,6403,047
2015-02-04$20.99$20.0069.2%19.8%49.9%0.0%57.9%3.5%4.8%31.1K-597.9K-9.6K0.8264.76N/AN/A7285982,6423,047
2015-02-05$21.80$20.0065.1%21.4%51.9%0.0%81.1%10.3%-3.2%36.6K-1.4M-10.8K0.8058.09N/AN/A7325823,0863,053
2015-02-06$21.42$20.0063.7%20.6%49.6%0.0%75.6%7.7%-2.7%35.0K-1.2M-11.2K0.3461.20N/AN/A9173163,0863,070
2015-02-09$21.13$20.0065.4%20.9%48.9%0.0%74.7%5.8%-2.5%55.8K-1.1M-8.5K0.3756.96N/AN/A4931813,1173,170
2015-02-10$21.45$20.0061.8%21.1%46.4%0.0%79.0%16.8%-7.8%60.4K-1.5M-9.6K0.6958.70N/AN/A3342303,1423,186
2015-02-11$22.01$20.0070.2%20.1%46.9%0.0%72.1%14.5%-1.8%71.0K-1.9M-9.7K2.5765.37N/AN/A3368623,1373,175
2015-02-12$22.79$22.5073.2%21.0%48.5%0.0%73.3%16.8%-5.9%72.2K-2.5M-10.6K1.8648.42N/AN/A5289823,2083,689
2015-02-13$22.00$22.5071.5%20.5%46.8%0.0%72.9%6.0%-5.5%71.9K-1.4M-12.0K2.4564.73N/AN/A4551,1143,3623,800
2015-02-17$22.18$22.5070.4%20.2%45.5%0.0%74.9%15.5%-6.4%71.8K-1.4M-10.9K0.8066.81N/AN/A4263413,3783,983
2015-02-18$22.37$22.5070.5%20.2%41.2%0.0%72.9%17.0%-6.0%98.2K-1.7M-10.6K0.6570.22N/AN/A4933193,3584,028
2015-02-19$23.45$22.5075.8%21.7%44.0%0.0%74.3%11.4%-7.6%36.1K-3.2M-10.8K0.4961.52N/AN/A3691813,3834,073
2015-02-20$24.53$22.5072.3%20.7%43.2%0.0%80.0%14.2%-7.1%9.0K-3.7M-11.6K1.1167.11N/AN/A3523913,6024,228
2015-02-23$24.30$22.5072.9%20.9%43.5%0.0%81.0%14.8%-2.4%5.4K-1.3M-12.4K1.5567.10N/AN/A3154892,1501,901
2015-02-25$23.58$22.5074.2%21.3%45.0%0.0%75.0%2.8%0.4%-7.8K-774.6K-13.7K1.7269.26N/AN/A3646262,2912,328
2015-02-26$23.47$22.5075.9%21.8%44.9%0.0%76.1%9.2%-6.9%-11.1K-608.6K-14.0K1.4870.75N/AN/A3995922,3042,439
2015-02-27$23.31$22.5074.0%21.2%42.7%0.0%75.3%8.4%-5.5%-11.9K-527.9K-14.3K1.3371.63N/AN/A4065392,3622,529