W Options History — August 2021

In August 2021, W traded between $242.31 and $315.18. ATM implied volatility averaged 50.5%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded below realized volatility by 13.8% (HV 20d: 64.2%). Max pain ranged from $280.00 to $300.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2021-08-05: Highest Volume — 43,630 contracts
  • 2021-08-05: Largest IV drop — 15.3% change
  • 2021-08-02: Highest IV Rank — 39.1%
  • 2021-08-02: Largest Expected Move — 21.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$284.35$242.31$315.18$242.31$281.83
Max Pain$282.73$280.00$300.00$300.00$280.00
ATM IV50.5%44.4%65.5%65.5%45.1%
Expected Move14.8%12.3%21.3%21.3%12.7%
HV 20d64.2%44.3%71.7%44.3%61.2%
HV 60d47.9%41.5%50.6%45.3%48.0%
IV Rank11.3%0.1%39.1%39.1%1.4%
IV Percentile14.1%1.2%51.2%51.2%2.4%
Term Structure-0.2%-4.6%1.8%-4.6%1.0%
VWIV52.3%43.4%75.3%75.3%44.4%
Skew 25d2.9%0.8%5.5%0.8%2.5%
Skew 10d5.2%-2.6%12.8%-2.6%2.6%
Call IV 25d50.1%43.4%66.3%65.3%45.2%
Put IV 25d53.0%46.5%68.8%66.1%47.7%
Bid-Ask Spread %43.7533.9755.4639.4439.54
Gamma HHI0.060.040.080.080.06
Net GEX-1.1M-9.1M8.9M-9.1M-4.5M
Net DEX-583.0M-1.23B107.8M107.8M-509.0M
Net VEX-9.8M-10.2M-8.7M-8.7M-9.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.281.811.300.40
Total Volume14,700.7277,17043,63018,05113,655
Total OI195,417.864176,607217,229180,867183,608

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$242.31$300.0065.5%21.3%44.3%39.1%75.3%0.8%-4.6%-9.1M107.8M-8.7M1.3039.44N/AN/A7,85710,19479,832101,035
2021-08-03$249.83$300.0064.0%20.7%45.8%36.3%72.8%2.5%-2.2%-7.5M-22.0M-9.1M0.6040.45N/AN/A8,5125,07284,326104,938
2021-08-04$251.12$300.0061.8%20.9%45.8%32.2%73.8%4.7%-3.1%-7.9M-46.0M-9.2M1.1046.87N/AN/A11,91513,12587,857111,666
2021-08-05$276.79$280.0052.3%14.4%59.5%14.8%50.8%1.1%-2.5%2.6M-502.4M-9.6M0.5845.32N/AN/A27,63315,99790,644114,716
2021-08-06$262.75$280.0047.0%14.5%61.7%5.0%49.8%4.1%0.6%-4.1M-241.6M-9.3M0.5153.03N/AN/A19,1319,70397,059120,170
2021-08-09$278.40$280.0047.3%13.9%65.9%5.5%49.6%1.9%1.6%-1.0M-483.5M-9.6M1.1147.62N/AN/A7,7468,62785,844106,860
2021-08-10$286.98$280.0048.7%14.4%66.0%8.0%51.4%3.9%1.5%2.5M-662.3M-9.7M0.7143.26N/AN/A9,4246,70986,700109,674
2021-08-11$309.09$280.0049.0%14.3%69.9%8.6%51.0%2.8%1.2%7.8M-1.10B-10.2M0.6745.16N/AN/A12,1648,17787,550113,825
2021-08-12$315.18$280.0049.2%14.3%69.8%9.0%50.7%5.5%0.2%8.9M-1.23B-10.1M0.6546.94N/AN/A9,6636,26488,576116,066
2021-08-13$308.46$280.0048.2%13.9%69.6%7.1%49.4%1.4%-0.2%6.8M-1.10B-10.1M0.7142.90N/AN/A5,2773,76791,023119,902
2021-08-16$300.74$280.0049.4%14.2%69.8%9.4%50.8%2.5%1.8%1.5M-809.0M-10.1M0.7343.94N/AN/A4,6363,37485,527115,416
2021-08-17$298.80$280.0050.9%14.6%68.7%12.1%52.1%2.6%-0.1%326.7K-763.5M-10.0M1.0053.76N/AN/A4,7294,74986,028115,995
2021-08-18$282.02$280.0051.6%14.8%71.4%13.3%52.2%2.6%-0.4%-6.0M-449.7M-10.0M1.8147.15N/AN/A3,0335,47988,182117,098
2021-08-19$283.21$280.0052.1%15.0%71.3%14.3%53.1%3.2%-0.7%-6.6M-473.7M-10.0M0.9255.46N/AN/A4,1703,84188,825117,836
2021-08-20$290.47$280.0049.3%13.9%71.7%9.3%49.5%2.3%1.2%-3.1M-627.2M-10.1M1.1152.99N/AN/A4,7935,33389,798120,620
2021-08-23$288.23$280.0046.8%13.4%71.7%4.5%47.0%2.7%0.2%-2.2M-627.6M-9.9M0.7136.39N/AN/A4,5803,24077,17599,432
2021-08-24$287.25$280.0046.6%13.2%70.8%4.2%46.5%2.8%-0.2%-3.4M-597.1M-9.9M0.4233.97N/AN/A5,4062,26877,986100,413
2021-08-25$288.18$280.0046.3%12.8%70.8%3.6%45.2%3.0%0.7%-2.9M-605.7M-10.0M0.2837.52N/AN/A5,9461,66780,181102,351
2021-08-26$290.79$280.0048.3%13.5%68.0%7.4%47.8%2.8%0.3%887.7K-684.5M-10.0M0.3438.86N/AN/A12,8154,39682,170103,193
2021-08-27$291.24$280.0046.4%12.6%59.7%3.8%44.0%4.6%-0.4%3.5M-695.6M-10.0M0.3237.27N/AN/A8,4902,68983,818103,721
2021-08-30$292.01$280.0044.4%12.3%59.7%0.1%43.4%3.1%0.4%419.0K-696.1M-9.9M0.6934.66N/AN/A4,2462,92480,303101,254
2021-08-31$281.83$280.0045.1%12.7%61.2%1.4%44.4%2.5%1.0%-4.5M-509.0M-9.8M0.4039.54N/AN/A9,7483,90781,528102,080