W Options History — May 2017

In May 2017, W traded between $47.12 and $65.09. ATM implied volatility averaged 47.4%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded below realized volatility by 21.8% (HV 20d: 69.2%). Max pain ranged from $45.00 to $65.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.93.

Notable Days

  • 2017-05-09: Highest Volume — 32,910 contracts
  • 2017-05-09: Largest IV drop — 22.9% change
  • 2017-05-08: Highest IV Rank — 56.3%
  • 2017-05-03: Largest Expected Move — 22.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.12$47.12$65.09$47.12$63.14
Max Pain$57.73$45.00$65.00$45.00$60.00
ATM IV47.4%40.0%60.8%60.1%41.7%
Expected Move13.9%11.1%22.3%21.2%11.8%
HV 20d69.2%34.3%84.2%34.3%82.1%
HV 60d48.8%33.1%56.1%33.1%52.8%
IV Rank25.1%9.6%56.3%47.0%13.4%
IV Percentile30.1%10.7%70.6%68.3%13.9%
Term Structure-0.9%-5.6%2.6%-2.4%-1.5%
VWIV49.0%37.4%79.2%75.5%41.4%
Skew 25d4.8%2.9%8.2%2.9%4.2%
Skew 10d11.0%6.1%17.3%14.5%6.1%
Call IV 25d46.0%38.2%61.3%59.3%40.4%
Put IV 25d50.8%43.4%66.0%62.3%44.6%
Bid-Ask Spread %34.5315.9660.7357.5126.23
Gamma HHI0.250.120.800.290.27
Net GEX913.5K-715.1K7.5M597.2K504.4K
Net DEX-60.8M-152.3M-23.5M-30.4M-23.5M
Net VEX-157.9K-200.0K-114.3K-124.6K-153.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.432.051.070.88
Total Volume9,370.5914,12932,9104,1294,593
Total OI39,276.63624,29362,64727,69224,928

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-05-01$47.12$45.0060.1%21.2%34.3%47.0%75.5%2.9%-2.4%597.2K-30.4M-124.6K1.0757.51N/AN/A1,9992,13013,47214,220
2017-05-02$49.22$45.0060.4%21.9%36.5%47.6%79.2%8.2%-3.3%490.5K-38.5M-124.7K2.0560.73N/AN/A1,8913,87813,87914,742
2017-05-03$48.22$45.0060.5%22.3%37.7%47.7%77.8%3.4%-4.5%505.2K-33.1M-136.4K0.8549.60N/AN/A3,0432,57315,10616,597
2017-05-04$48.40$50.0060.8%15.6%36.3%50.7%57.5%6.2%-5.6%509.9K-33.5M-135.8K0.8938.00N/AN/A2,9242,61415,09416,692
2017-05-05$48.51$50.0060.4%16.0%35.9%56.2%57.2%3.4%-3.6%425.6K-31.9M-137.5K0.7360.23N/AN/A3,1362,28315,18317,400
2017-05-08$50.48$50.0060.4%16.1%37.1%56.3%56.1%6.3%-2.7%440.8K-40.2M-124.1K0.4342.16N/AN/A12,4775,41414,58916,664
2017-05-09$62.10$50.0046.6%12.8%79.6%24.7%45.5%4.2%-1.3%1.8M-134.0M-114.3K0.7431.68N/AN/A18,88014,03025,38420,908
2017-05-10$63.84$60.0043.6%12.7%79.4%17.9%46.7%5.4%0.8%2.1M-152.3M-169.6K1.3325.07N/AN/A8,70811,58632,19428,623
2017-05-11$64.43$65.0043.5%12.4%79.4%17.6%46.1%3.9%-0.2%1.2M-113.7M-183.7K1.0853.81N/AN/A7,2967,85326,58133,344
2017-05-12$60.73$65.0045.2%13.1%83.0%21.4%45.6%4.5%1.7%-715.1K-69.7M-200.0K1.4535.71N/AN/A6,8489,93527,45535,192
2017-05-15$60.97$65.0044.0%12.5%83.0%18.8%42.3%5.7%1.2%436.7K-66.3M-196.4K0.9730.38N/AN/A3,2493,16221,92027,953
2017-05-16$61.17$65.0044.0%12.6%83.0%18.7%40.4%5.7%0.4%360.3K-66.3M-190.2K0.9531.23N/AN/A3,4713,28522,17128,530
2017-05-17$61.80$65.0043.2%12.4%82.7%17.0%40.7%4.9%0.3%383.8K-70.3M-190.0K0.5431.81N/AN/A5,9173,17321,92728,777
2017-05-18$63.73$65.0041.1%11.7%82.7%12.2%41.4%5.4%2.6%521.3K-90.6M-185.5K0.8415.96N/AN/A4,5643,85522,64828,747
2017-05-19$61.97$65.0042.4%12.1%84.2%15.2%40.4%4.8%-0.1%1.2M-71.3M-166.9K0.9118.77N/AN/A4,5414,13621,08029,566
2017-05-22$63.90$60.0042.0%11.3%80.3%14.1%40.9%5.3%-1.2%50.0K-44.2M-160.7K0.8323.88N/AN/A2,9242,41613,15214,739
2017-05-23$63.66$60.0040.9%11.5%80.7%11.6%41.0%3.6%-0.0%125.8K-45.5M-159.9K0.7524.68N/AN/A3,0362,26513,88215,079
2017-05-24$64.77$60.0041.0%11.4%80.4%11.9%41.1%3.9%-1.0%601.4K-54.0M-156.8K0.8128.39N/AN/A3,0732,49514,55315,457
2017-05-25$63.52$60.0040.3%11.3%81.4%10.3%40.2%4.6%-0.1%454.1K-43.4M-160.1K1.0623.76N/AN/A2,5542,69714,83615,702
2017-05-26$65.09$60.0040.0%11.1%81.4%9.6%37.4%5.1%0.1%7.5M-57.4M-151.2K0.5922.78N/AN/A3,9422,33514,87815,949
2017-05-30$63.85$60.0041.6%11.9%82.3%13.3%43.3%4.5%-0.0%625.3K-27.3M-153.2K0.6127.35N/AN/A3,0791,89311,00113,292
2017-05-31$63.14$60.0041.7%11.8%82.1%13.4%41.4%4.2%-1.5%504.4K-23.5M-153.3K0.8826.23N/AN/A2,4422,15111,30313,625