W Options History — June 2021

In June 2021, W traded between $302.90 and $332.91. ATM implied volatility averaged 46.5%, placing in the 1.9% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 4.4% (HV 20d: 42.1%). Max pain ranged from $310.00 to $310.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.13.

Notable Days

  • 2021-06-29: Highest Volume — 22,332 contracts
  • 2021-06-21: Largest IV drop — 5.7% change
  • 2021-06-03: Highest IV Rank — 5.4%
  • 2021-06-03: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$317.09$302.90$332.91$317.70$314.67
Max Pain$310.00$310.00$310.00$310.00$310.00
ATM IV46.5%44.3%49.8%49.3%47.2%
Expected Move13.3%12.5%14.3%13.8%13.0%
HV 20d42.1%31.7%56.2%54.7%31.7%
HV 60d46.1%42.6%47.6%47.0%42.6%
IV Rank1.9%0.0%5.4%4.5%4.3%
IV Percentile1.8%0.0%7.5%2.4%6.3%
Term Structure2.0%-2.4%14.2%-1.9%14.2%
VWIV46.8%43.5%51.1%48.5%45.3%
Skew 25d4.4%1.8%8.8%4.2%2.5%
Skew 10d9.6%4.3%13.4%8.9%8.5%
Call IV 25d44.5%41.6%47.6%47.4%45.8%
Put IV 25d48.8%46.1%53.4%51.6%48.3%
Bid-Ask Spread %49.9140.5260.4147.9148.33
Gamma HHI0.050.040.160.040.04
Net GEX185.3K-8.9M14.1M917.9K965.1K
Net DEX-967.4M-1.25B-644.4M-996.7M-945.5M
Net VEX-10.3M-10.5M-10.0M-10.4M-10.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.531.851.430.77
Total Volume7,877.4095,36722,3326,0745,496
Total OI172,908.5163,948183,274163,948180,226

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$317.70$310.0049.3%13.8%54.7%4.5%48.5%4.2%-1.9%917.9K-996.7M-10.4M1.4347.91N/AN/A2,4973,57773,91090,038
2021-06-02$332.51$310.0048.4%14.2%55.4%3.1%50.5%4.6%-0.5%6.4M-1.25B-10.5M0.8251.27N/AN/A4,3233,54274,86992,519
2021-06-03$325.08$310.0049.8%14.3%56.2%5.4%51.1%5.8%1.8%4.6M-1.12B-10.5M1.8543.10N/AN/A2,5764,77877,10294,938
2021-06-04$320.07$310.0047.2%13.8%54.9%1.2%47.0%5.7%-2.4%-358.8K-1.02B-10.5M1.7749.66N/AN/A2,2343,95178,23296,009
2021-06-07$327.49$310.0046.3%13.7%48.6%0.0%48.6%8.8%1.8%3.0M-1.14B-10.5M1.5152.80N/AN/A2,3983,62774,84792,904
2021-06-08$332.91$310.0047.3%13.6%46.1%1.5%46.3%2.8%0.7%5.8M-1.23B-10.5M0.8850.82N/AN/A3,8343,35875,94095,311
2021-06-09$323.35$310.0047.8%13.9%47.0%2.4%49.0%6.2%-1.2%-846.0K-1.07B-10.4M1.3549.82N/AN/A2,5353,42577,34197,060
2021-06-10$326.55$310.0045.5%13.1%37.9%0.0%46.4%2.8%0.7%1.4M-1.13B-10.5M1.2649.35N/AN/A2,3722,99578,28997,924
2021-06-11$322.87$310.0045.1%12.9%37.4%0.0%46.3%6.8%-0.7%-2.5M-1.07B-10.3M0.8753.93N/AN/A3,8253,31178,85197,899
2021-06-14$317.14$310.0046.5%13.4%38.2%2.1%46.9%3.8%0.0%-176.4K-962.3M-10.3M0.9058.47N/AN/A4,2303,78677,21593,719
2021-06-15$308.17$310.0045.8%13.2%39.7%1.2%46.2%4.5%0.2%-6.0M-783.3M-10.1M0.9657.45N/AN/A4,1573,97879,18095,739
2021-06-16$306.28$310.0046.2%13.3%39.5%1.8%46.3%5.3%0.9%-8.9M-740.7M-10.1M1.3860.41N/AN/A3,6895,10080,61197,744
2021-06-17$309.79$310.0045.8%13.1%39.2%1.0%45.5%5.0%-0.2%-7.0M-813.4M-10.2M1.3158.21N/AN/A2,3333,04581,49899,638
2021-06-18$302.90$310.0047.1%13.5%38.6%3.0%47.1%5.1%-0.9%-8.7M-644.4M-10.2M1.2960.34N/AN/A2,5503,28481,978101,296
2021-06-21$304.19$310.0044.4%13.0%38.6%0.0%45.7%4.1%0.9%-4.9M-757.3M-10.0M0.5342.76N/AN/A4,1992,22774,10190,764
2021-06-22$308.04$310.0045.5%12.9%38.6%1.6%45.1%3.4%0.4%-1.3M-829.2M-10.1M0.5343.65N/AN/A5,4612,90075,61492,180
2021-06-23$310.12$310.0044.9%12.6%38.6%0.7%44.2%1.8%1.3%525.6K-875.8M-10.2M0.7841.74N/AN/A6,8575,33977,68894,055
2021-06-24$319.51$310.0044.3%12.5%38.3%0.0%44.7%4.4%2.2%10.7M-1.06B-10.2M0.5744.25N/AN/A6,5833,73278,93994,678
2021-06-25$320.63$310.0044.4%12.5%38.4%0.0%43.5%2.6%2.1%14.1M-1.07B-10.3M0.9347.09N/AN/A3,7683,52179,97096,186
2021-06-28$319.07$310.0046.5%13.1%34.2%3.3%45.4%2.8%12.4%2.1M-997.2M-10.2M1.7746.25N/AN/A2,0153,56375,14591,619
2021-06-29$306.93$310.0047.7%13.3%34.8%5.0%49.2%3.1%13.0%-5.6M-774.3M-10.2M1.3340.52N/AN/A9,58912,74376,13194,090
2021-06-30$314.67$310.0047.2%13.0%31.7%4.3%45.3%2.5%14.2%965.1K-945.5M-10.4M0.7748.33N/AN/A3,1102,38679,336100,890