W Options History — August 2019

In August 2019, W traded between $106.96 and $130.57. ATM implied volatility averaged 49.0%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 5.2% (HV 20d: 43.8%). Max pain ranged from $120.00 to $150.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.24.

Notable Days

  • 2019-08-01: Highest Volume — 23,110 contracts
  • 2019-08-14: Largest IV spike — 11.2% change
  • 2019-08-05: Highest IV Rank — 31.0%
  • 2019-08-05: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.23$106.96$130.57$130.57$112.19
Max Pain$126.09$120.00$150.00$150.00$120.00
ATM IV49.0%44.5%54.5%47.9%47.6%
Expected Move14.1%12.8%15.2%15.0%13.5%
HV 20d43.8%32.7%55.7%38.3%55.4%
HV 60d41.4%37.3%45.3%39.6%43.3%
IV Rank21.3%13.5%31.0%19.5%19.0%
IV Percentile37.1%18.7%48.4%39.3%32.9%
Term Structure0.0%-1.1%0.9%-1.1%-0.1%
VWIV49.3%44.4%52.5%52.4%47.0%
Skew 25d4.6%3.6%5.4%3.9%4.1%
Skew 10d9.2%7.4%10.9%9.9%9.4%
Call IV 25d47.1%42.8%52.2%46.8%45.8%
Put IV 25d51.7%46.8%57.0%50.8%49.9%
Bid-Ask Spread %21.579.6833.2226.9312.47
Gamma HHI0.090.050.590.070.07
Net GEX-2.5M-12.7M-613.9K-3.0M-613.9K
Net DEX105.3M49.7M212.2M71.6M88.8M
Net VEX-1.8M-2.0M-1.5M-2.0M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.232.350.731.07
Total Volume5,976.8181,82123,11023,1102,578
Total OI93,822.40979,087111,735105,16992,051

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$130.57$150.0047.9%15.0%38.3%19.5%52.4%3.9%-1.1%-3.0M71.6M-2.0M0.7326.93N/AN/A13,3919,71949,10556,064
2019-08-02$127.33$145.0049.4%14.8%37.8%22.0%52.5%5.0%-0.2%-4.0M105.7M-2.0M1.0026.86N/AN/A6,9946,98453,99657,739
2019-08-05$123.06$130.0054.5%15.2%38.2%31.0%52.5%4.8%-0.2%-1.8M107.3M-1.9M0.7133.22N/AN/A2,9922,13944,67852,115
2019-08-06$121.80$130.0052.4%14.9%33.6%27.3%51.8%3.8%0.2%-2.3M120.3M-1.8M1.0931.43N/AN/A2,3402,54844,80352,483
2019-08-07$122.69$120.0051.2%14.7%32.7%25.3%52.5%4.3%-0.2%-2.1M111.7M-1.9M1.4030.25N/AN/A7581,06346,06952,701
2019-08-08$125.38$120.0046.8%13.8%34.3%17.6%47.7%3.6%0.4%-1.9M89.5M-1.9M2.3530.36N/AN/A1,5483,63946,20852,836
2019-08-09$125.07$120.0046.6%13.7%34.3%17.2%48.3%4.9%0.2%-2.9M91.3M-1.9M2.2833.08N/AN/A1,4413,28947,06254,115
2019-08-12$123.76$125.0049.1%14.3%33.7%21.5%50.8%4.6%0.6%-2.4M98.1M-1.9M0.2327.77N/AN/A3,53080044,58353,973
2019-08-13$124.72$125.0047.2%13.7%34.3%18.2%47.7%3.9%0.9%-2.3M89.5M-1.9M1.8829.17N/AN/A1,2042,26644,50954,225
2019-08-14$113.42$125.0052.5%15.0%44.5%27.4%51.0%5.1%0.7%-3.0M184.0M-1.7M1.6128.34N/AN/A3,0634,92545,13255,007
2019-08-15$106.96$125.0052.7%15.2%44.3%27.9%51.8%5.2%0.2%-3.2M212.2M-1.5M1.3021.51N/AN/A5,7207,42645,79354,712
2019-08-16$110.09$125.0047.5%13.6%45.7%18.7%48.0%4.1%0.2%-12.7M153.6M-1.6M1.4020.33N/AN/A1,3181,85148,58553,131
2019-08-19$112.35$125.0046.1%13.3%47.3%16.4%47.5%4.5%0.3%-1.3M82.3M-1.6M2.0114.88N/AN/A1,5263,06137,02442,063
2019-08-20$113.03$125.0046.7%13.4%47.6%17.3%45.8%4.5%-0.9%-1.3M80.8M-1.7M1.1515.79N/AN/A1,0331,19337,89843,646
2019-08-21$115.01$125.0044.5%12.8%48.5%13.5%44.4%4.0%-0.3%-1.1M69.6M-1.7M1.5816.21N/AN/A1,5902,50737,95143,843
2019-08-22$117.69$125.0045.2%13.0%48.1%14.7%45.6%4.4%-0.7%-743.3K49.7M-1.8M0.5915.63N/AN/A3,3271,97538,61645,447
2019-08-23$110.41$125.0049.7%14.2%51.2%22.6%50.2%5.3%0.9%-2.0M112.7M-1.7M1.6712.80N/AN/A1,9473,24239,69246,410
2019-08-26$107.99$125.0050.4%14.7%51.1%23.9%50.1%5.4%0.2%-2.0M122.8M-1.6M1.3911.85N/AN/A1,3591,88438,13145,965
2019-08-27$107.93$124.0050.8%14.5%51.2%24.5%49.5%5.1%-0.0%-2.2M127.5M-1.6M0.439.68N/AN/A2,3461,00938,93747,534
2019-08-28$113.52$120.0050.7%14.6%55.6%24.4%51.1%4.8%0.0%-1.2M77.8M-1.8M0.6612.82N/AN/A4,1522,74440,17847,834
2019-08-29$114.01$120.0048.0%13.4%55.7%19.7%46.9%5.2%-0.8%-990.4K70.5M-1.8M0.8413.26N/AN/A1,6691,40042,08249,167
2019-08-30$112.19$120.0047.6%13.5%55.4%19.0%47.0%4.1%-0.1%-613.9K88.8M-1.7M1.0712.47N/AN/A1,2431,33542,55349,498