W Options History — August 2017

In August 2017, W traded between $66.05 and $80.95. ATM implied volatility averaged 49.2%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 4.8% (HV 20d: 44.4%). Max pain ranged from $60.00 to $80.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.68.

Notable Days

  • 2017-08-08: Highest Volume — 17,081 contracts
  • 2017-08-08: Largest IV drop — 28.6% change
  • 2017-08-07: Highest IV Rank — 73.1%
  • 2017-08-02: Largest Expected Move — 23.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.11$66.05$80.95$75.78$71.02
Max Pain$72.28$60.00$80.00$60.00$70.00
ATM IV49.2%42.1%67.7%64.1%42.1%
Expected Move14.2%11.5%23.1%22.3%11.5%
HV 20d44.4%29.3%50.6%29.3%45.5%
HV 60d42.1%38.3%56.3%56.3%40.5%
IV Rank30.7%14.5%73.1%65.0%14.5%
IV Percentile44.7%17.9%90.9%85.3%17.9%
Term Structure-0.1%-5.8%1.9%-3.5%0.9%
VWIV49.8%40.1%79.4%77.2%40.1%
Skew 25d5.4%4.2%7.9%7.3%4.3%
Skew 10d11.4%8.1%16.1%15.3%8.8%
Call IV 25d47.2%40.1%64.4%59.9%40.1%
Put IV 25d52.6%44.3%71.4%67.3%44.3%
Bid-Ask Spread %17.2913.7027.1814.5814.72
Gamma HHI0.100.080.170.090.09
Net GEX1.0M-1.2M3.8M737.8K1.8M
Net DEX-28.7M-98.0M13.0M-65.8M-34.7M
Net VEX-521.8K-572.0K-482.9K-544.5K-503.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.221.760.680.80
Total Volume8,650.5653,46017,0818,6935,129
Total OI59,001.91347,59373,56550,80449,339

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-08-01$75.78$60.0064.1%22.3%29.3%65.0%77.2%7.3%-3.5%737.8K-65.8M-544.5K0.6814.58N/AN/A5,1683,52526,34624,458
2017-08-02$73.96$60.0065.1%23.1%30.3%67.2%79.4%7.0%-2.4%581.6K-52.4M-543.9K0.8015.70N/AN/A4,2833,44027,16325,236
2017-08-03$76.87$75.0065.0%17.0%32.7%66.9%61.4%6.4%-3.5%1.1M-76.0M-557.1K0.8627.18N/AN/A4,8574,17227,54825,982
2017-08-04$79.97$75.0066.3%17.5%35.3%69.9%61.4%7.0%-5.8%2.0M-96.7M-569.2K1.0721.51N/AN/A3,1493,38127,79527,555
2017-08-07$80.95$75.0067.7%18.7%35.4%73.1%66.4%7.9%-0.2%1.5M-98.0M-558.5K0.7225.22N/AN/A7,8325,66527,23526,430
2017-08-08$75.23$80.0048.3%13.7%44.5%28.7%48.8%4.6%-0.1%906.4K-48.8M-572.0K0.6718.30N/AN/A10,2326,84933,93130,498
2017-08-09$72.58$77.5047.1%13.4%46.2%25.7%47.5%4.2%-0.5%273.2K-20.6M-563.5K1.7615.15N/AN/A2,7754,88339,13332,444
2017-08-10$69.22$77.5048.4%13.6%47.4%28.8%54.3%4.8%-1.2%-770.2K12.8M-527.4K1.0221.21N/AN/A4,3964,47739,35033,048
2017-08-11$69.59$75.0047.6%13.6%47.4%27.0%48.0%5.4%-0.2%-1.2M13.0M-518.5K1.1516.97N/AN/A3,0983,57239,49734,068
2017-08-14$70.71$75.0043.4%12.3%47.5%17.3%42.7%4.5%1.9%564.1K-18.1M-513.0K0.3015.06N/AN/A8,3332,45932,89428,776
2017-08-15$70.75$75.0043.9%12.6%47.2%18.6%43.1%6.3%1.3%2.7M-32.5M-532.7K0.3916.32N/AN/A6,3092,44639,67028,928
2017-08-16$70.70$75.0043.4%12.4%47.2%17.4%42.3%4.9%1.5%3.8M-38.3M-539.6K0.4215.89N/AN/A6,4152,68943,21129,132
2017-08-17$67.17$75.0044.2%12.6%49.8%19.1%43.1%5.1%1.4%973.6K-596.0K-486.8K0.2220.28N/AN/A11,6272,50240,75229,575
2017-08-18$66.87$72.5042.6%12.0%49.8%15.5%42.0%4.4%1.3%663.9K3.3M-482.9K0.3119.88N/AN/A7,4002,26941,34430,293
2017-08-21$66.05$72.5045.2%12.9%49.7%21.5%45.7%6.0%1.1%678.3K-1.3M-484.8K0.2514.23N/AN/A6,6741,69330,16521,988
2017-08-22$67.50$72.5044.5%12.5%50.6%20.0%42.5%4.6%0.5%1.4M-12.8M-512.8K0.3514.71N/AN/A6,3962,24332,18622,165
2017-08-23$67.46$70.0043.4%12.2%48.3%17.4%41.6%5.2%1.0%1.1M-8.8M-500.0K0.3516.45N/AN/A6,3162,20431,68022,778
2017-08-24$67.16$70.0044.5%12.4%47.2%19.8%42.6%4.8%0.1%796.8K-7.1M-496.4K0.4217.69N/AN/A6,3422,68031,83422,918
2017-08-25$69.29$70.0043.2%12.2%47.8%17.0%43.6%5.0%0.8%1.7M-22.6M-508.7K0.5014.43N/AN/A6,2943,12331,97923,166
2017-08-28$68.57$70.0044.4%12.6%47.3%19.6%44.1%4.8%0.5%759.6K-15.5M-493.5K0.9213.70N/AN/A1,8051,65525,21422,379
2017-08-29$68.51$70.0044.1%12.6%47.3%19.1%44.7%4.5%1.8%758.6K-14.6M-489.1K0.7313.86N/AN/A2,3511,70625,42322,571
2017-08-30$69.53$70.0043.4%12.2%47.2%17.4%42.9%4.8%0.4%1.2M-23.2M-502.9K0.9514.64N/AN/A2,1242,02526,16122,806
2017-08-31$71.02$70.0042.1%11.5%45.5%14.5%40.1%4.3%0.9%1.8M-34.7M-503.4K0.8014.72N/AN/A2,8492,28026,34422,995