W Options History — May 2019

In May 2019, W traded between $137.36 and $163.83. ATM implied volatility averaged 44.6%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 3.4% (HV 20d: 48.0%). Max pain ranged from $145.00 to $150.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.41.

Notable Days

  • 2019-05-01: Highest Volume — 31,755 contracts
  • 2019-05-02: Largest IV drop — 37.4% change
  • 2019-05-01: Highest IV Rank — 45.9%
  • 2019-05-01: Largest Expected Move — 22.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$147.11$137.36$163.83$163.83$143.49
Max Pain$149.32$145.00$150.00$145.00$150.00
ATM IV44.6%36.8%61.9%61.9%47.6%
Expected Move13.1%10.6%22.6%22.6%13.7%
HV 20d48.0%29.6%55.0%29.6%43.9%
HV 60d56.1%40.7%67.2%62.5%42.2%
IV Rank16.3%3.5%45.9%45.9%18.9%
IV Percentile24.0%3.6%59.9%59.9%34.1%
Term Structure-0.0%-3.6%1.0%-3.6%-0.1%
VWIV46.0%37.5%80.1%80.1%44.5%
Skew 25d7.7%4.8%10.9%10.9%7.4%
Skew 10d16.4%10.3%19.3%19.2%15.5%
Call IV 25d41.1%34.2%57.5%57.5%44.2%
Put IV 25d48.9%39.0%68.3%68.3%51.6%
Bid-Ask Spread %24.9217.2239.0721.2019.64
Gamma HHI0.080.040.480.050.12
Net GEX-1.7M-9.5M2.5M2.5M-2.7M
Net DEX-85.4M-250.5M6.1M-250.5M-63.8M
Net VEX-1.9M-2.0M-1.7M-1.8M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.410.533.680.711.14
Total Volume8,647.4091,56831,75531,7556,178
Total OI78,084.77362,69393,49674,60373,138

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$163.83$145.0061.9%22.6%29.6%45.9%80.1%10.9%-3.6%2.5M-250.5M-1.8M0.7121.20N/AN/A18,61213,14335,61038,993
2019-05-02$149.93$145.0038.8%11.8%41.2%6.9%41.9%5.9%1.0%-2.7M-84.2M-1.7M1.8221.12N/AN/A7,46513,58043,89146,277
2019-05-03$148.61$145.0036.8%10.6%41.2%3.5%37.5%4.8%0.4%-2.9M-75.0M-1.7M1.7917.22N/AN/A4,8698,72744,52148,975
2019-05-06$152.15$150.0039.4%11.7%41.7%7.9%40.6%7.9%-0.1%-499.1K-130.7M-1.7M1.2731.41N/AN/A1,9152,42737,50141,779
2019-05-07$144.85$150.0047.7%13.3%45.0%21.9%49.9%9.7%-1.0%-2.3M-54.5M-1.7M3.6828.57N/AN/A1,3244,87538,62743,001
2019-05-08$149.21$150.0044.5%12.7%45.4%16.6%46.5%8.4%-0.2%-1.8M-102.2M-1.8M1.6226.27N/AN/A3,6535,91438,85745,054
2019-05-09$147.60$150.0046.4%13.0%45.5%19.7%51.9%7.7%0.0%-2.5M-86.4M-1.9M1.7139.07N/AN/A3,0425,20541,19047,472
2019-05-10$145.13$150.0044.3%12.8%45.9%16.3%45.3%8.0%0.7%-3.1M-51.0M-1.8M0.8732.35N/AN/A6,9015,97041,62547,922
2019-05-13$137.36$150.0049.2%14.2%49.7%24.5%50.3%9.2%-0.0%-1.4M6.1M-1.7M0.6923.91N/AN/A6,2624,32935,79343,322
2019-05-14$141.33$150.0044.7%13.1%50.9%17.0%42.2%8.3%0.7%-2.0M-20.2M-1.9M1.9828.04N/AN/A3,7837,48937,77746,407
2019-05-15$144.04$150.0042.1%12.2%51.3%12.5%43.7%7.8%0.5%-1.9M-49.4M-1.9M0.6621.62N/AN/A94362538,15446,832
2019-05-16$147.21$150.0040.6%11.9%51.2%10.1%42.4%6.8%0.8%-796.6K-109.3M-1.9M0.9732.04N/AN/A2,1622,09238,75246,711
2019-05-17$150.10$150.0040.0%11.6%51.6%8.9%39.8%7.5%0.9%-9.5M-168.8M-1.9M0.9134.97N/AN/A3,1852,90439,59047,590
2019-05-20$152.60$150.0042.7%12.3%51.5%13.5%42.7%8.8%-0.3%1.1M-121.9M-1.9M1.1520.80N/AN/A2,1212,42929,23733,456
2019-05-21$152.01$150.0041.7%12.0%51.1%11.8%42.2%6.9%0.2%1.5M-125.1M-2.0M1.1418.41N/AN/A1,6191,84030,60934,412
2019-05-22$151.52$150.0042.8%12.3%51.1%13.7%45.3%6.9%0.1%1.2M-122.0M-2.0M1.5422.06N/AN/A2,2423,44931,00234,857
2019-05-23$142.68$150.0047.9%13.7%55.0%22.3%47.4%7.7%0.3%-1.5M-50.3M-2.0M2.4521.96N/AN/A2,0364,98431,95836,348
2019-05-24$142.92$150.0045.5%13.0%55.0%18.1%45.0%7.5%0.8%-1.9M-45.6M-2.0M1.3821.84N/AN/A2,1632,99132,62238,158
2019-05-28$144.24$150.0045.6%13.1%52.5%17.6%47.0%7.8%-0.8%-1.2M-63.8M-2.0M1.5722.14N/AN/A1,3152,06431,71936,680
2019-05-29$140.96$150.0046.8%13.4%52.7%17.6%44.5%7.5%-0.5%-2.2M-39.3M-2.0M1.4221.96N/AN/A2,8684,08332,36037,501
2019-05-30$144.63$150.0044.9%12.8%53.6%14.2%41.8%6.6%-0.4%-1.9M-71.7M-2.0M0.5321.65N/AN/A4,2302,23532,62538,960
2019-05-31$143.49$150.0047.6%13.7%43.9%18.9%44.5%7.4%-0.1%-2.7M-63.8M-2.0M1.1419.64N/AN/A2,8873,29133,62839,510