W Options History — October 2020

In October 2020, W traded between $246.74 and $316.78. ATM implied volatility averaged 84.9%, placing in the 25.7% IV rank vs the trailing year. The 30-day expected move averaged 24.1%. IV traded above realized volatility by 24.6% (HV 20d: 60.3%). Max pain ranged from $250.00 to $270.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2020-10-16: Highest Volume — 39,296 contracts
  • 2020-10-28: Largest IV spike — 13.2% change
  • 2020-10-30: Highest IV Rank — 32.0%
  • 2020-10-30: Largest Expected Move — 30.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$289.35$246.74$316.78$316.78$246.74
Max Pain$260.91$250.00$270.00$270.00$270.00
ATM IV84.9%77.8%95.5%77.8%95.5%
Expected Move24.1%20.2%30.0%20.8%30.0%
HV 20d60.3%53.8%71.8%71.8%58.6%
HV 60d59.5%57.1%61.5%59.4%60.1%
IV Rank25.7%21.6%32.0%21.6%32.0%
IV Percentile67.4%56.3%80.2%59.5%80.2%
Term Structure-1.9%-6.6%9.3%8.9%-2.0%
VWIV83.9%71.3%105.1%72.7%105.1%
Skew 25d4.2%-3.6%7.7%5.5%5.8%
Skew 10d10.3%2.1%22.0%6.9%17.8%
Call IV 25d80.7%69.2%91.5%72.8%89.7%
Put IV 25d84.9%76.9%95.5%78.3%95.5%
Bid-Ask Spread %30.7615.6442.1616.6942.16
Gamma HHI0.040.030.090.040.07
Net GEX4.8M-4.5M12.9M12.9M-3.7M
Net DEX-1.53B-2.08B-800.5M-2.08B-800.5M
Net VEX-6.3M-6.8M-5.8M-5.8M-6.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.191.480.731.48
Total Volume17,096.3646,07439,29626,78214,923
Total OI201,252.636177,576233,935179,977216,753

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$316.78$270.0077.8%20.8%71.8%21.6%72.7%5.5%8.9%12.9M-2.08B-5.8M0.7316.69N/AN/A15,44611,33693,69286,285
2020-10-02$306.86$270.0079.8%20.2%66.1%22.7%71.3%7.7%9.3%12.5M-1.85B-6.0M0.7315.64N/AN/A8,7496,41396,77088,945
2020-10-05$311.43$250.0081.6%22.7%62.3%23.8%78.7%6.8%-3.2%8.6M-1.90B-6.0M0.6924.33N/AN/A4,7553,25991,87385,703
2020-10-06$297.69$250.0085.0%23.9%63.1%25.8%83.2%5.9%-0.4%5.3M-1.67B-6.1M1.1122.03N/AN/A4,2924,75793,70987,146
2020-10-07$309.14$250.0084.5%23.2%63.8%25.5%81.1%5.3%-2.5%8.0M-1.87B-6.0M1.4317.79N/AN/A4,1405,91194,80189,250
2020-10-08$304.43$250.0079.5%22.5%63.6%22.6%77.1%5.3%0.2%5.8M-1.76B-6.2M0.8925.64N/AN/A3,2082,86696,16592,720
2020-10-09$297.22$250.0082.8%22.3%61.0%24.5%78.8%5.3%-1.1%1.3M-1.63B-6.2M0.7725.21N/AN/A10,1377,78396,92593,614
2020-10-12$295.51$250.0083.8%22.4%59.3%25.1%76.3%0.2%-4.7%4.5M-1.64B-6.2M0.7729.55N/AN/A7,2535,61393,56090,470
2020-10-13$306.88$250.0083.2%22.4%60.3%24.7%78.8%5.4%-5.0%8.7M-1.86B-6.2M0.5422.65N/AN/A10,0505,45296,75193,199
2020-10-14$294.41$250.0090.0%24.2%62.7%28.8%83.9%7.3%-5.6%3.8M-1.63B-6.3M0.6929.88N/AN/A12,4298,62399,47594,625
2020-10-15$296.20$250.0090.2%24.0%62.5%28.9%84.1%-3.6%-6.6%4.8M-1.68B-6.4M0.6123.14N/AN/A7,5194,558102,14398,913
2020-10-16$298.30$250.0082.6%22.8%54.7%24.4%79.8%-1.8%-4.1%8.8M-1.74B-6.4M0.5427.26N/AN/A25,53113,765104,27199,604
2020-10-19$299.20$270.0088.9%25.1%53.8%28.1%85.4%6.1%-4.8%11.0M-1.72B-6.6M0.2840.95N/AN/A26,1037,358110,60493,292
2020-10-20$295.51$270.0084.0%24.0%53.8%25.2%83.4%4.0%-5.7%8.0M-1.62B-6.5M0.1940.03N/AN/A23,8944,540120,74796,657
2020-10-21$272.26$270.0086.9%24.9%58.5%26.9%86.3%4.5%-4.4%-1.9M-1.15B-6.4M0.6935.96N/AN/A17,35911,967125,24998,702
2020-10-22$265.81$270.0083.0%24.0%59.0%24.6%85.1%6.3%-3.6%-4.5M-1.03B-6.3M1.1137.96N/AN/A9,61810,689126,888100,527
2020-10-23$264.72$270.0080.8%23.6%57.9%23.3%82.7%1.5%-4.9%-614.1K-1.02B-6.6M1.1440.74N/AN/A6,4897,417129,220104,715
2020-10-26$272.37$270.0086.2%26.1%58.2%26.5%90.8%3.0%0.7%3.6M-1.28B-6.8M0.4541.47N/AN/A6,0762,760108,272100,475
2020-10-27$275.63$270.0079.4%25.0%58.3%22.5%87.2%1.3%-0.4%3.9M-1.34B-6.7M0.5538.81N/AN/A4,5452,502109,324100,811
2020-10-28$282.86$270.0089.9%27.5%58.7%28.7%96.3%6.2%-2.1%6.8M-1.50B-6.8M0.7139.30N/AN/A5,9214,180110,322101,170
2020-10-29$255.84$270.0092.2%28.3%58.3%30.1%98.0%4.7%0.6%-1.2M-974.9M-6.5M0.9839.60N/AN/A8,0657,869110,900102,321
2020-10-30$246.74$270.0095.5%30.0%58.6%32.0%105.1%5.8%-2.0%-3.7M-800.5M-6.4M1.4842.16N/AN/A6,0098,914113,113103,640