W Options History — April 2021

In April 2021, W traded between $296.42 and $339.18. ATM implied volatility averaged 70.0%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 19.9%. IV traded above realized volatility by 24.9% (HV 20d: 45.1%). Max pain ranged from $315.00 to $330.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.77.

Notable Days

  • 2021-04-13: Highest Volume — 19,088 contracts
  • 2021-04-05: Largest IV spike — 14.8% change
  • 2021-04-30: Highest IV Rank — 29.0%
  • 2021-04-30: Largest Expected Move — 22.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$318.44$296.42$339.18$334.35$296.42
Max Pain$320.71$315.00$330.00$320.00$315.00
ATM IV70.0%60.2%74.3%60.2%74.3%
Expected Move19.9%16.4%22.6%16.4%22.6%
HV 20d45.1%34.1%50.3%44.6%34.1%
HV 60d67.3%63.2%74.2%72.9%63.6%
IV Rank17.7%3.5%29.0%3.5%29.0%
IV Percentile36.9%8.3%52.8%8.3%52.8%
Term Structure-2.0%-6.4%10.3%10.3%-3.0%
VWIV69.4%56.7%78.6%56.7%78.6%
Skew 25d4.4%1.1%7.7%4.4%1.9%
Skew 10d8.3%3.6%12.3%9.2%6.6%
Call IV 25d67.9%55.4%74.7%55.4%74.7%
Put IV 25d72.2%59.8%76.6%59.8%76.6%
Bid-Ask Spread %40.6934.0251.7551.7537.96
Gamma HHI0.050.030.140.090.13
Net GEX121.6K-17.1M12.2M12.2M-17.1M
Net DEX-974.1M-1.29B-646.8M-1.23B-646.8M
Net VEX-9.2M-9.5M-8.7M-8.9M-9.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.351.500.631.46
Total Volume9,928.9055,84219,08813,27214,020
Total OI165,318.476151,447176,553156,948176,553

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$334.35$320.0060.2%16.4%44.6%3.5%56.7%4.4%10.3%12.2M-1.23B-8.9M0.6351.75N/AN/A8,1595,11377,45879,490
2021-04-05$322.14$330.0069.1%19.2%46.2%10.3%67.9%7.7%-5.3%2.7M-1.00B-8.7M1.0635.93N/AN/A3,1483,32373,54277,905
2021-04-06$339.18$330.0068.4%19.4%47.8%9.7%67.8%4.0%-0.1%9.9M-1.29B-8.9M0.5842.22N/AN/A6,3163,67776,09981,372
2021-04-07$326.68$330.0066.9%18.9%49.4%11.7%67.2%4.5%1.2%3.1M-1.06B-8.9M1.1242.02N/AN/A3,4523,87576,91682,346
2021-04-08$333.86$330.0067.6%18.7%49.4%14.5%65.6%5.5%-2.0%7.6M-1.18B-9.0M0.3536.69N/AN/A7,2292,50977,76684,116
2021-04-09$326.91$330.0067.8%18.8%49.5%14.8%66.5%5.3%-1.3%3.2M-1.07B-8.8M0.5646.70N/AN/A5,9573,31580,17884,862
2021-04-12$319.10$330.0071.2%19.3%50.3%18.9%68.1%3.5%-3.2%-1.5M-929.0M-8.8M1.0141.30N/AN/A6,9967,03576,83583,034
2021-04-13$319.74$320.0072.2%19.4%49.7%20.0%68.2%3.5%-3.8%-1.7M-943.6M-8.9M1.5041.22N/AN/A7,63011,45877,13884,786
2021-04-14$323.96$320.0072.2%19.3%48.9%20.0%66.8%3.0%-6.4%510.9K-1.02B-9.2M0.4746.55N/AN/A6,3332,97879,36988,657
2021-04-15$322.54$320.0069.5%18.9%48.4%16.9%66.6%3.7%-3.3%-2.6M-1.00B-9.2M0.9044.91N/AN/A4,6164,15280,55788,943
2021-04-16$321.98$320.0067.8%18.8%48.4%15.5%65.6%5.5%-3.5%-9.0M-994.8M-9.3M0.9646.19N/AN/A8,3237,95182,84090,662
2021-04-19$315.32$320.0072.7%20.6%46.2%21.7%71.8%4.7%-0.9%-1.4M-911.2M-9.4M0.4437.16N/AN/A7,0053,06874,94885,032
2021-04-20$314.12$315.0072.2%20.5%44.8%21.0%71.5%4.2%-3.6%158.4K-933.6M-9.4M0.5934.02N/AN/A4,2642,50379,33786,670
2021-04-21$316.48$315.0070.7%20.3%43.3%19.1%70.2%4.3%-1.5%2.3M-971.4M-9.5M0.5238.74N/AN/A4,0712,10781,08587,328
2021-04-22$309.51$315.0071.4%20.6%43.4%20.1%72.2%4.9%-2.6%-2.6M-859.0M-9.3M0.5238.44N/AN/A4,0912,12881,56188,109
2021-04-23$308.54$315.0070.8%20.5%43.2%19.3%71.3%4.8%-3.2%-4.8M-834.6M-9.4M0.4935.70N/AN/A6,3873,12083,75389,045
2021-04-26$308.62$315.0070.4%20.8%41.2%18.8%72.4%1.1%-4.5%741.9K-881.9M-9.3M0.6334.96N/AN/A3,5792,26379,00684,898
2021-04-27$310.58$315.0071.0%21.2%41.1%19.6%72.5%5.5%-4.8%2.6M-923.9M-9.3M1.1040.87N/AN/A3,6894,07280,89786,197
2021-04-28$311.00$315.0071.0%21.3%38.4%22.4%74.3%4.8%-1.0%552.2K-927.4M-9.3M0.7141.21N/AN/A3,6512,58881,13888,409
2021-04-29$306.29$315.0071.7%21.9%38.7%24.9%75.5%4.8%-0.5%-2.5M-837.5M-9.4M0.5339.97N/AN/A8,0594,29782,54990,302
2021-04-30$296.42$315.0074.3%22.6%34.1%29.0%78.6%1.9%-3.0%-17.1M-646.8M-9.4M1.4637.96N/AN/A5,6908,33084,12192,432