W Options History — July 2021

In July 2021, W traded between $241.06 and $308.89. ATM implied volatility averaged 60.9%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 17.2%. IV traded above realized volatility by 27.3% (HV 20d: 33.6%). Max pain ranged from $300.00 to $320.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.83.

Notable Days

  • 2021-07-30: Highest Volume — 22,422 contracts
  • 2021-07-06: Largest IV spike — 21.7% change
  • 2021-07-30: Highest IV Rank — 37.9%
  • 2021-07-30: Largest Expected Move — 20.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$288.54$241.06$308.89$308.89$241.06
Max Pain$312.38$300.00$320.00$310.00$300.00
ATM IV60.9%47.8%65.8%47.8%64.9%
Expected Move17.2%11.8%20.5%12.2%20.5%
HV 20d33.6%29.1%44.1%31.4%44.1%
HV 60d43.1%41.7%46.5%42.1%46.5%
IV Rank27.8%5.1%37.9%5.1%37.9%
IV Percentile31.7%8.3%48.4%8.3%48.0%
Term Structure-0.2%-5.2%14.9%13.7%-5.2%
VWIV60.5%40.7%73.3%43.5%73.3%
Skew 25d3.0%-5.1%7.8%0.4%-5.1%
Skew 10d5.6%-8.6%13.2%3.3%-8.6%
Call IV 25d59.8%44.2%72.9%46.6%72.9%
Put IV 25d62.8%46.1%67.7%47.1%67.7%
Bid-Ask Spread %48.4938.4559.4148.2847.48
Gamma HHI0.080.040.190.040.09
Net GEX-9.6M-22.7M2.0M-4.9M-10.6M
Net DEX-476.6M-832.9M194.7M-805.5M194.7M
Net VEX-10.0M-10.5M-8.7M-10.5M-8.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.441.700.520.91
Total Volume9,950.814,08122,4225,86222,422
Total OI185,310.762177,350197,922181,816186,623

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$308.89$310.0047.8%12.2%31.4%5.1%43.5%0.4%13.7%-4.9M-805.5M-10.5M0.5248.28N/AN/A3,8681,99479,354102,462
2021-07-02$301.57$310.0048.5%11.8%32.0%6.3%40.7%1.9%14.9%-21.3M-659.3M-10.3M0.7252.40N/AN/A8,9386,40480,455103,392
2021-07-06$306.05$320.0059.1%16.5%31.2%22.0%57.8%5.0%-3.5%-2.8M-810.4M-10.2M0.6443.44N/AN/A3,6032,31680,075100,906
2021-07-07$307.64$320.0060.5%16.6%30.5%24.2%58.9%7.5%-2.1%-2.7M-832.9M-10.3M0.7049.75N/AN/A2,4071,67480,553102,091
2021-07-08$302.16$320.0063.3%16.9%29.5%28.3%60.3%2.7%-2.1%-9.0M-718.2M-10.2M0.5750.59N/AN/A3,3881,93681,085102,402
2021-07-09$302.97$320.0059.2%16.3%29.2%22.1%58.2%3.8%-4.1%-6.2M-744.5M-10.1M0.9851.16N/AN/A3,4393,37382,011102,717
2021-07-12$301.15$320.0058.2%16.7%29.1%20.8%58.6%2.8%0.8%-5.3M-655.2M-10.1M0.5651.97N/AN/A8,2454,64278,04199,309
2021-07-13$291.23$320.0061.4%16.9%30.6%25.4%59.3%5.3%-2.2%-11.3M-469.7M-10.0M1.3556.13N/AN/A5,2847,12781,873101,055
2021-07-14$281.59$310.0061.3%16.8%31.2%25.2%59.9%1.9%-2.3%-19.6M-217.9M-9.8M1.1857.73N/AN/A6,4787,65984,175105,169
2021-07-15$287.40$310.0061.7%16.8%32.4%26.6%59.2%7.8%-1.8%-20.2M-352.8M-10.0M0.4458.26N/AN/A8,9443,91286,668107,589
2021-07-16$280.08$310.0064.5%17.8%32.9%31.9%62.6%2.7%-1.6%-22.7M-169.5M-9.9M1.1459.41N/AN/A7,3698,38488,561109,361
2021-07-19$287.99$310.0065.8%18.6%34.1%36.8%64.7%3.3%0.1%-4.4M-498.0M-10.1M0.5041.95N/AN/A9,7404,91681,894100,101
2021-07-20$298.72$310.0062.5%17.7%36.8%33.5%62.3%5.2%-1.2%2.0M-720.4M-10.3M1.2840.48N/AN/A3,3514,30284,313102,201
2021-07-21$292.90$310.0060.4%17.3%37.0%29.6%61.1%4.2%-0.4%-5.5M-586.9M-10.2M0.7638.45N/AN/A2,7472,09184,734104,001
2021-07-22$288.29$310.0061.1%17.5%37.1%30.9%61.0%3.3%-0.5%-14.7M-474.8M-10.0M0.9943.50N/AN/A3,3683,34385,444104,810
2021-07-23$284.89$310.0062.9%17.8%35.1%34.3%62.3%3.0%1.5%-9.3M-389.1M-9.9M1.7045.39N/AN/A3,3025,60285,942105,563
2021-07-26$282.96$310.0063.6%18.5%34.9%35.7%64.6%3.7%-2.3%-4.4M-434.4M-9.8M0.4442.09N/AN/A2,8331,25179,28598,645
2021-07-27$274.68$310.0063.5%19.3%35.9%35.3%67.6%0.5%-0.5%-7.6M-293.3M-9.7M0.8845.66N/AN/A4,0793,57480,77899,804
2021-07-28$275.48$310.0063.3%19.1%34.0%35.1%66.0%2.9%-3.1%-8.7M-297.6M-9.6M0.6247.34N/AN/A2,5571,57882,125100,402
2021-07-29$261.72$310.0064.7%19.6%35.7%37.7%68.4%0.6%-1.6%-12.0M-72.3M-9.3M0.6146.79N/AN/A10,2486,27983,232102,325
2021-07-30$241.06$300.0064.9%20.5%44.1%37.9%73.3%-5.1%-5.2%-10.6M194.7M-8.7M0.9147.48N/AN/A11,72510,69783,637102,986