W Options History — June 2020

In June 2020, W traded between $167.24 and $210.25. ATM implied volatility averaged 76.1%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 21.5%. IV traded above realized volatility by 1.3% (HV 20d: 74.8%). Max pain ranged from $165.00 to $205.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.02.

Notable Days

  • 2020-06-02: Highest Volume — 46,080 contracts
  • 2020-06-26: Largest IV spike — 13.6% change
  • 2020-06-15: Highest IV Rank — 24.9%
  • 2020-06-15: Largest Expected Move — 23.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$190.76$167.24$210.25$167.24$196.82
Max Pain$180.80$165.00$205.00$167.50$205.00
ATM IV76.1%72.1%81.9%73.4%73.1%
Expected Move21.5%19.2%23.3%20.6%19.2%
HV 20d74.8%49.3%109.9%107.0%49.3%
HV 60d144.2%113.7%180.6%179.8%113.7%
IV Rank21.4%18.2%24.9%20.3%18.8%
IV Percentile67.1%56.0%75.0%64.3%56.0%
Term Structure1.7%-2.5%10.0%0.2%10.0%
VWIV75.9%67.6%82.5%73.3%67.6%
Skew 25d7.7%-1.8%15.8%10.1%8.6%
Skew 10d10.1%-2.6%18.4%18.4%13.9%
Call IV 25d71.8%62.7%81.8%69.4%70.0%
Put IV 25d79.6%69.1%86.7%79.4%78.7%
Bid-Ask Spread %25.9016.9530.5829.4429.71
Gamma HHI0.090.040.550.050.04
Net GEX4.5M-2.9M23.0M2.8M1.2M
Net DEX-842.4M-1.22B-565.7M-580.0M-808.2M
Net VEX-4.5M-4.8M-4.0M-4.0M-4.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.441.681.591.37
Total Volume19,581.57,46646,08010,8207,466
Total OI181,503.5167,893199,912169,619177,423

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$167.24$167.5073.4%20.6%107.0%20.3%73.3%10.1%0.2%2.8M-580.0M-4.0M1.5929.44N/AN/A4,1826,63877,68791,932
2020-06-02$187.67$165.0077.2%22.6%109.9%22.5%80.7%10.7%-0.1%6.3M-899.5M-4.2M0.5823.01N/AN/A29,23616,84479,15293,087
2020-06-03$181.67$170.0072.6%21.0%85.4%19.8%73.8%10.4%-1.0%6.4M-805.2M-4.3M0.4428.32N/AN/A25,65211,31987,50599,108
2020-06-04$175.64$175.0074.7%21.2%80.2%21.0%74.2%12.7%1.7%3.4M-673.7M-4.2M0.7721.34N/AN/A13,89010,73389,652101,399
2020-06-05$170.72$175.0077.6%21.6%80.4%22.7%78.9%14.3%1.3%-2.9M-565.7M-4.2M1.3422.37N/AN/A11,52015,45091,277102,170
2020-06-08$175.16$175.0076.5%21.7%77.1%22.1%77.1%15.8%-0.3%1.8M-645.3M-4.2M1.6816.95N/AN/A4,2777,19478,59495,506
2020-06-09$172.43$175.0077.1%22.0%76.9%22.4%76.3%10.8%-0.5%1.4M-610.1M-4.2M0.7619.27N/AN/A4,9803,80079,87196,425
2020-06-10$181.43$175.0076.4%22.4%78.7%22.0%77.9%8.9%1.7%4.5M-762.5M-4.4M1.0120.65N/AN/A10,93211,08281,38397,842
2020-06-11$178.90$175.0079.0%23.3%78.5%23.6%81.4%12.1%3.3%2.7M-694.3M-4.4M1.0325.93N/AN/A8,6628,88283,945101,870
2020-06-12$182.63$175.0074.3%21.4%76.6%20.8%76.2%9.4%0.9%4.8M-760.9M-4.4M0.9629.06N/AN/A8,7778,41684,212103,089
2020-06-15$194.35$175.0081.3%23.3%79.4%24.9%82.5%7.4%-2.3%4.9M-914.8M-4.4M0.5527.52N/AN/A19,05910,51480,15596,988
2020-06-16$191.25$180.0073.2%20.9%66.6%20.2%75.3%6.2%-2.5%5.8M-873.0M-4.4M0.8727.63N/AN/A9,5338,24885,369101,088
2020-06-17$202.68$180.0078.6%22.5%67.7%23.3%79.4%5.3%1.2%9.1M-1.08B-4.5M0.5824.99N/AN/A16,0689,39887,545104,010
2020-06-18$200.96$180.0074.2%21.1%67.9%20.8%75.1%3.4%3.9%9.9M-1.05B-4.5M1.2229.96N/AN/A7,6819,35190,552106,953
2020-06-19$210.25$180.0073.3%20.9%69.0%18.9%73.4%3.6%1.1%23.0M-1.22B-4.5M0.7830.58N/AN/A15,49812,13590,887109,025
2020-06-22$209.34$185.0078.0%21.7%69.2%21.7%77.0%2.7%1.8%4.3M-1.02B-4.7M0.9423.87N/AN/A8,7088,15679,49088,403
2020-06-23$207.58$190.0075.9%20.4%67.0%20.4%71.9%6.0%3.2%3.9M-984.2M-4.7M1.1926.11N/AN/A7,9709,51482,12390,863
2020-06-24$202.04$190.0076.2%21.4%66.9%20.6%74.9%-1.8%1.8%1.3M-888.7M-4.8M1.5127.07N/AN/A5,0867,67482,68893,028
2020-06-25$205.29$195.0072.1%20.6%64.2%18.2%72.4%0.4%2.6%3.5M-939.5M-4.8M1.0328.51N/AN/A4,6404,79084,32495,122
2020-06-26$203.05$195.0081.9%22.5%63.5%24.0%79.8%4.9%1.7%-229.6K-903.3M-4.8M1.0929.75N/AN/A6,6407,25885,52496,470
2020-06-29$199.70$195.0077.2%20.5%63.0%21.2%71.4%7.8%7.4%2.0M-858.0M-4.7M1.1327.83N/AN/A6,0876,85379,61989,722
2020-06-30$196.82$205.0073.1%19.2%49.3%18.8%67.6%8.6%10.0%1.2M-808.2M-4.7M1.3729.71N/AN/A3,1524,31483,32394,100