W Options History — April 2019

In April 2019, W traded between $145.26 and $162.10. ATM implied volatility averaged 68.0%, placing in the 56.2% IV rank vs the trailing year. The 30-day expected move averaged 19.9%. IV traded above realized volatility by 30.5% (HV 20d: 37.5%). Max pain ranged from $145.00 to $150.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.57.

Notable Days

  • 2019-04-16: Highest Volume — 13,801 contracts
  • 2019-04-04: Largest IV spike — 12.2% change
  • 2019-04-09: Highest IV Rank — 66.8%
  • 2019-04-30: Largest Expected Move — 22.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$150.94$145.26$162.10$149.23$162.10
Max Pain$147.86$145.00$150.00$150.00$145.00
ATM IV68.0%60.4%74.3%60.4%64.1%
Expected Move19.9%18.5%22.9%18.5%22.9%
HV 20d37.5%26.1%43.8%40.5%29.5%
HV 60d63.6%62.3%65.4%65.4%62.7%
IV Rank56.2%43.4%66.8%43.4%49.6%
IV Percentile75.1%58.7%90.5%58.7%63.5%
Term Structure-3.5%-6.3%3.1%2.6%-4.2%
VWIV70.5%65.9%80.0%66.5%80.0%
Skew 25d11.3%10.3%13.4%11.5%11.0%
Skew 10d23.3%20.1%26.7%23.5%22.9%
Call IV 25d62.5%56.7%69.3%59.3%57.8%
Put IV 25d73.8%68.0%81.6%70.7%68.8%
Bid-Ask Spread %21.4514.7830.2026.2518.66
Gamma HHI0.130.050.490.090.05
Net GEX-1.9M-21.1M8.6M-3.0M2.4M
Net DEX-71.0M-234.6M49.2M-18.2M-234.6M
Net VEX-1.6M-1.7M-1.5M-1.6M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.570.842.641.371.76
Total Volume7,002.9053,84813,8015,2347,651
Total OI80,592.28665,84696,42578,50871,826

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$149.23$150.0060.4%18.5%40.5%43.4%66.5%11.5%2.6%-3.0M-18.2M-1.6M1.3726.25N/AN/A2,2073,02736,10742,401
2019-04-02$149.41$150.0063.2%18.6%40.3%48.1%72.2%10.7%3.1%-2.9M-19.7M-1.6M2.6324.47N/AN/A2,0735,45935,83544,113
2019-04-03$156.25$150.0065.8%18.7%43.7%52.5%77.4%10.7%2.9%-1.2M-102.6M-1.7M1.3520.29N/AN/A4,9256,63636,62648,411
2019-04-04$154.65$150.0073.8%18.7%43.7%66.0%67.8%13.4%-6.3%668.3K-88.3M-1.7M1.4516.41N/AN/A3,1034,50638,44146,618
2019-04-05$151.90$150.0073.2%19.1%43.8%64.9%67.0%12.0%-4.7%-1.7M-55.4M-1.6M2.1630.20N/AN/A2,5675,53338,98747,161
2019-04-08$149.81$150.0073.9%19.4%41.7%66.1%68.2%11.5%-4.6%-2.7M-21.3M-1.6M0.8422.88N/AN/A2,8862,42735,93546,124
2019-04-09$146.02$150.0074.3%19.7%41.7%66.8%67.8%11.6%-4.7%-3.8M18.9M-1.6M1.2621.13N/AN/A2,1872,75136,92747,142
2019-04-10$147.15$150.0072.8%19.5%41.9%64.2%68.8%11.9%-4.6%-3.5M5.4M-1.6M0.8419.08N/AN/A2,7112,28537,49347,243
2019-04-11$147.58$150.0071.8%19.2%41.8%62.6%67.4%11.7%-5.5%-2.9M-2.7M-1.5M1.5824.57N/AN/A3,4085,38538,59347,893
2019-04-12$147.13$150.0070.8%19.4%41.8%60.9%66.6%11.7%-4.6%-7.1M13.3M-1.6M1.9726.11N/AN/A3,0355,97740,31751,133
2019-04-15$148.01$150.0069.1%19.3%40.3%58.0%66.8%10.7%-3.5%-2.1M-13.7M-1.5M1.6724.61N/AN/A1,8653,12338,12647,467
2019-04-16$149.40$150.0067.2%19.0%40.7%54.7%67.7%10.4%-3.6%-1.1M-30.3M-1.5M1.4124.54N/AN/A5,7328,06939,09449,293
2019-04-17$145.74$145.0068.1%19.5%40.1%56.4%65.9%10.3%-4.7%-7.4M49.2M-1.6M2.3523.17N/AN/A1,9004,46543,57652,849
2019-04-18$145.26$145.0066.8%19.4%39.9%54.2%69.8%10.6%-4.9%-21.1M-13.6M-1.5M2.6426.43N/AN/A2,5656,76139,88848,586
2019-04-22$148.04$145.0066.0%20.2%31.2%52.8%69.9%11.3%-3.9%-75.2K-111.5M-1.5M1.6618.78N/AN/A1,5172,51131,28736,714
2019-04-23$151.10$145.0065.6%20.3%31.6%52.2%70.0%10.8%-4.3%1.5M-144.7M-1.5M1.8017.43N/AN/A2,3064,16031,88338,090
2019-04-24$151.86$145.0066.3%21.0%31.3%53.3%72.7%11.8%-4.7%2.1M-153.7M-1.5M1.1617.08N/AN/A1,7822,06632,57938,092
2019-04-25$153.94$145.0065.5%21.3%26.5%52.0%74.8%11.6%-4.4%3.5M-172.3M-1.6M0.9614.78N/AN/A2,3802,29133,03238,560
2019-04-26$154.28$145.0065.1%21.6%26.1%51.2%75.7%11.5%-5.1%8.6M-179.1M-1.5M1.1917.37N/AN/A2,1612,57233,39938,751
2019-04-29$160.89$145.0064.2%22.5%29.5%49.8%77.8%11.3%-3.4%2.0M-216.1M-1.5M0.8716.22N/AN/A4,3403,75631,25234,594
2019-04-30$162.10$145.0064.1%22.9%29.5%49.6%80.0%11.0%-4.2%2.4M-234.6M-1.7M1.7618.66N/AN/A2,7774,87434,47437,352