W Options History — October 2021

In October 2021, W traded between $230.88 and $254.14. ATM implied volatility averaged 61.5%, placing in the 33.6% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded above realized volatility by 22.1% (HV 20d: 39.4%). Max pain ranged from $260.00 to $300.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2021-10-28: Highest Volume — 29,288 contracts
  • 2021-10-04: Largest IV spike — 22.1% change
  • 2021-10-06: Highest IV Rank — 47.5%
  • 2021-10-29: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$241.35$230.88$254.14$254.14$248.53
Max Pain$264.29$260.00$300.00$270.00$260.00
ATM IV61.5%54.4%69.3%54.4%59.9%
Expected Move17.6%14.4%19.0%14.4%19.0%
HV 20d39.4%35.5%44.1%35.5%44.0%
HV 60d48.3%43.4%50.4%49.0%43.4%
IV Rank33.6%20.9%47.5%20.9%30.8%
IV Percentile48.1%30.2%73.4%30.2%41.3%
Term Structure-1.8%-4.5%12.4%12.4%-1.6%
VWIV61.3%50.9%66.8%50.9%66.8%
Skew 25d4.3%1.4%9.0%5.9%1.4%
Skew 10d7.0%2.6%13.7%12.4%3.3%
Call IV 25d59.4%45.9%64.3%45.9%61.9%
Put IV 25d63.7%51.8%71.2%51.8%63.3%
Bid-Ask Spread %46.4839.4457.2252.2545.81
Gamma HHI0.070.050.210.060.06
Net GEX-8.8M-14.9M-3.4M-10.3M-4.4M
Net DEX59.8M-197.9M246.7M-23.6M-175.3M
Net VEX-10.2M-10.7M-9.6M-10.0M-10.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.601.401.400.63
Total Volume14,638.4294,81929,28811,09921,075
Total OI219,536.381198,349233,313202,409233,313

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-10-01$254.14$270.0054.4%14.4%35.5%20.9%50.9%5.9%12.4%-10.3M-23.6M-10.0M1.4052.25N/AN/A4,6256,47494,347108,062
2021-10-04$239.39$300.0066.4%18.1%40.7%42.4%63.6%6.9%-2.0%-9.5M159.3M-9.6M0.9546.78N/AN/A4,1143,90391,972106,377
2021-10-05$241.65$280.0064.3%17.6%41.0%38.5%61.8%5.2%-2.3%-10.3M157.6M-9.7M1.1249.58N/AN/A10,55811,82394,553109,390
2021-10-06$240.73$270.0069.3%18.2%40.5%47.5%63.0%9.0%-3.6%-9.3M160.1M-9.7M1.3944.89N/AN/A5,9088,22596,383110,247
2021-10-07$243.24$270.0063.6%17.6%40.5%37.3%61.4%4.1%-1.8%-9.8M59.1M-10.2M0.8851.15N/AN/A2,5582,26198,857112,617
2021-10-08$242.93$260.0062.2%17.3%40.4%34.8%59.4%6.5%-1.9%-9.8M88.9M-10.4M0.9652.51N/AN/A4,5554,359102,740116,738
2021-10-11$235.39$260.0063.6%17.5%41.2%37.4%60.5%4.7%-1.7%-10.0M199.3M-10.0M0.6155.70N/AN/A4,2812,62499,591115,700
2021-10-12$234.69$260.0064.9%18.1%41.1%39.7%62.3%3.1%-0.7%-11.1M223.7M-10.1M0.9053.61N/AN/A4,1253,707101,855118,387
2021-10-13$234.92$260.0063.0%17.5%37.6%36.3%61.1%5.0%-2.2%-11.6M246.7M-10.1M0.8857.22N/AN/A9,9188,688103,338119,547
2021-10-14$241.99$260.0062.8%17.4%39.9%35.9%59.7%1.9%-2.5%-9.7M90.7M-10.4M0.7041.07N/AN/A7,1484,979104,610120,464
2021-10-15$240.14$260.0060.6%16.7%37.3%31.9%58.0%4.3%-4.1%-14.9M112.4M-10.3M0.6652.70N/AN/A4,3152,867108,329123,500
2021-10-18$241.69$260.0060.4%17.1%37.2%31.7%60.1%4.2%-3.1%-5.6M-43.8M-10.4M0.8840.15N/AN/A2,8272,480101,112115,744
2021-10-19$247.85$260.0059.5%17.0%38.8%29.9%59.6%4.1%-3.9%-4.3M-152.6M-10.6M0.8539.44N/AN/A3,2812,785101,495116,777
2021-10-20$248.02$260.0060.1%17.2%38.8%31.0%60.1%3.9%-3.2%-3.6M-166.3M-10.7M0.7039.72N/AN/A12,7448,922103,369119,475
2021-10-21$243.92$260.0059.6%17.3%38.9%30.3%60.4%2.5%-4.5%-9.6M-51.1M-10.6M0.6144.15N/AN/A11,9827,275104,003122,263
2021-10-22$236.61$260.0060.1%17.5%39.8%31.1%62.0%3.9%-3.7%-7.4M115.8M-10.2M0.9141.07N/AN/A12,10010,976104,904122,597
2021-10-25$234.74$260.0059.9%18.0%36.3%30.8%62.6%3.9%-3.8%-10.0M134.6M-10.0M0.6240.60N/AN/A11,2326,947102,174121,069
2021-10-26$237.25$260.0057.0%18.0%36.7%25.5%63.0%4.3%0.8%-9.9M93.4M-10.1M0.7339.76N/AN/A11,7278,541103,225122,020
2021-10-27$230.88$260.0060.0%18.6%36.7%30.9%65.1%2.9%-1.7%-10.7M225.7M-9.8M0.7044.83N/AN/A12,4868,724105,320123,148
2021-10-28$249.58$260.0060.4%18.9%44.1%31.5%65.7%2.8%-3.1%-3.4M-197.9M-10.6M0.6043.11N/AN/A18,32810,960106,020124,632
2021-10-29$248.53$260.0059.9%19.0%44.0%30.8%66.8%1.4%-1.6%-4.4M-175.3M-10.6M0.6345.81N/AN/A12,8978,178106,571126,742