W Options History — October 2015

In October 2015, W traded between $32.96 and $45.77. ATM implied volatility averaged 84.6%, placing in the 47.8% IV rank vs the trailing year. The 30-day expected move averaged 24.8%. IV traded above realized volatility by 20.2% (HV 20d: 64.4%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.70.

Notable Days

  • 2015-10-19: Highest Volume — 7,441 contracts
  • 2015-10-05: Largest IV drop — 8.9% change
  • 2015-10-26: Highest IV Rank — 59.9%
  • 2015-10-26: Largest Expected Move — 26.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.71$32.96$45.77$32.96$42.37
Max Pain$36.59$35.00$40.00$35.00$40.00
ATM IV84.6%73.9%93.0%84.4%85.0%
Expected Move24.8%23.5%26.7%24.2%26.6%
HV 20d64.4%52.0%69.8%58.5%52.0%
HV 60d85.7%82.7%86.9%82.7%86.2%
IV Rank47.8%32.4%59.9%47.6%48.3%
IV Percentile81.4%51.9%94.8%83.3%82.1%
Term Structure-8.3%-17.1%4.8%3.1%-11.4%
VWIV84.5%70.1%100.8%78.8%95.5%
Skew 25d12.3%6.9%19.1%6.9%11.5%
Skew 10d26.2%13.5%36.1%13.5%26.4%
Call IV 25d81.3%75.5%96.2%83.3%81.8%
Put IV 25d93.6%86.3%104.3%90.2%93.3%
Bid-Ask Spread %60.2635.2478.9778.5635.24
Gamma HHI0.210.160.320.320.18
Net GEX57.7K-273.0K272.1K-273.0K171.6K
Net DEX-11.8M-29.4M15.5M15.5M-19.4M
Net VEX-179.0K-200.2K-157.0K-163.4K-193.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.221.610.290.54
Total Volume4,2891,6257,4415,0313,418
Total OI46,587.18240,52252,78242,65752,782

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-10-01$32.96$35.0084.4%24.2%58.5%47.6%78.8%6.9%3.1%-273.0K15.5M-163.4K0.2978.56N/AN/A3,9101,12121,71420,943
2015-10-02$36.03$35.0084.4%24.2%67.3%47.5%73.8%11.5%4.8%-178.6K6.5M-173.3K0.2978.97N/AN/A3,06890222,14821,097
2015-10-05$38.10$40.0076.9%23.8%68.8%36.7%84.1%8.0%-6.0%-57.8K-2.2M-178.8K1.4958.00N/AN/A65297322,35221,187
2015-10-06$39.57$40.0082.0%25.0%69.8%44.1%84.3%12.4%-9.2%-22.5K-7.6M-180.6K0.4552.52N/AN/A4,9022,19622,47921,490
2015-10-07$38.28$35.0081.0%24.9%67.7%42.6%85.3%15.1%-9.1%-86.8K-2.5M-178.9K0.2255.26N/AN/A4,7201,03822,83822,090
2015-10-08$39.73$35.0073.9%24.3%68.4%32.4%86.5%19.1%-9.5%15.2K-7.9M-174.0K0.2855.82N/AN/A3,26892022,85222,064
2015-10-09$39.69$35.0077.6%24.2%65.6%37.7%79.3%15.8%-7.1%2.7K-7.4M-175.3K0.2258.65N/AN/A3,31673022,92822,198
2015-10-12$38.33$35.0082.8%24.4%62.3%45.2%83.3%10.8%-9.3%-31.0K-3.2M-167.6K0.2449.54N/AN/A3,26579523,00222,239
2015-10-13$38.56$35.0084.7%24.0%61.8%48.0%88.0%11.9%-9.1%-913-4.1M-166.0K0.3458.29N/AN/A3,0811,04523,02222,330
2015-10-14$39.63$40.0083.4%23.9%62.2%46.0%80.5%13.9%-8.6%94.5K-7.8M-159.3K0.2558.74N/AN/A3,19979923,01622,443
2015-10-15$40.85$40.0083.6%24.0%62.4%46.4%80.6%9.9%-9.4%250.9K-13.7M-157.0K0.4561.87N/AN/A4,0641,82623,14122,459
2015-10-16$42.41$40.0086.1%24.7%63.1%50.0%82.6%15.2%-5.9%16.3K-20.1M-166.4K1.1455.05N/AN/A2,7663,15023,21223,448
2015-10-19$44.87$40.0081.8%23.5%65.1%43.8%70.1%9.7%-6.3%-29.0K-15.8M-163.1K0.7756.59N/AN/A4,2033,23820,00720,515
2015-10-20$45.77$35.0082.3%23.6%64.9%44.6%81.1%12.8%-4.4%137.6K-29.2M-169.6K0.8260.85N/AN/A3,0192,48223,04221,919
2015-10-21$44.72$35.0083.4%23.9%65.0%46.1%81.7%14.0%-8.0%272.1K-29.4M-196.1K0.7165.47N/AN/A2,3801,69625,88122,362
2015-10-22$44.04$35.0088.4%25.3%64.8%53.3%86.3%13.1%-12.9%271.1K-27.3M-200.2K1.2563.03N/AN/A1,0871,35826,38422,607
2015-10-23$41.33$35.0092.3%26.5%69.6%59.0%87.1%9.7%-15.9%121.3K-15.3M-197.3K0.9465.21N/AN/A2,0841,95626,45622,827
2015-10-26$40.95$35.0093.0%26.7%69.8%59.9%92.9%9.1%-11.5%69.8K-11.7M-192.8K1.6147.12N/AN/A1,0451,68226,92423,713
2015-10-27$41.63$35.0092.7%26.6%64.2%59.5%84.0%18.2%-7.3%129.9K-14.8M-196.1K1.1769.13N/AN/A9941,15826,93923,761
2015-10-28$43.22$35.0089.8%25.7%64.3%55.3%91.6%13.0%-13.3%205.7K-22.9M-190.2K1.0873.15N/AN/A1,1721,26427,15623,817
2015-10-29$42.62$35.0092.1%26.4%59.1%58.7%100.8%8.2%-17.1%189.6K-19.9M-198.3K0.9568.64N/AN/A2,2682,14827,25523,879
2015-10-30$42.37$40.0085.0%26.6%52.0%48.3%95.5%11.5%-11.4%171.6K-19.4M-193.6K0.5435.24N/AN/A2,2131,20528,26624,516