W Options History — November 2021

In November 2021, W traded between $240.00 and $279.42. ATM implied volatility averaged 55.7%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded above realized volatility by 2.5% (HV 20d: 53.2%). Max pain ranged from $250.00 to $260.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.05.

Notable Days

  • 2021-11-04: Highest Volume — 35,348 contracts
  • 2021-11-04: Largest IV drop — 20.1% change
  • 2021-11-02: Highest IV Rank — 43.0%
  • 2021-11-03: Largest Expected Move — 22.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$259.00$240.00$279.42$252.29$252.45
Max Pain$251.43$250.00$260.00$260.00$250.00
ATM IV55.7%49.2%66.8%63.1%61.0%
Expected Move16.6%14.6%22.7%21.1%18.6%
HV 20d53.2%38.4%65.4%38.4%65.4%
HV 60d42.8%39.5%49.3%42.2%49.3%
IV Rank23.2%11.6%43.0%36.4%32.7%
IV Percentile40.1%23.0%75.8%59.1%52.4%
Term Structure-0.2%-7.4%3.0%-1.4%1.3%
VWIV58.7%50.2%80.2%74.4%66.9%
Skew 25d1.0%-3.3%3.2%2.3%-3.3%
Skew 10d3.2%-4.7%20.3%7.0%20.3%
Call IV 25d56.2%50.6%67.6%62.8%65.0%
Put IV 25d57.2%51.4%68.2%65.1%61.7%
Bid-Ask Spread %54.6036.7268.1543.1447.49
Gamma HHI0.060.050.100.050.06
Net GEX-2.5M-10.4M8.5M-6.7M-4.2M
Net DEX-407.9M-910.9M106.5M-230.0M-287.0M
Net VEX-10.5M-11.4M-9.9M-10.6M-9.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.551.560.581.13
Total Volume17,586.2868,57935,34825,20711,151
Total OI233,501.286210,936251,281226,184213,181

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$252.29$260.0063.1%21.1%38.4%36.4%74.4%2.3%-1.4%-6.7M-230.0M-10.6M0.5843.14N/AN/A15,9739,234103,082123,102
2021-11-02$257.37$260.0066.8%22.4%38.8%43.0%79.3%0.3%-7.4%-5.5M-357.9M-11.0M0.5543.86N/AN/A16,1248,805106,976126,383
2021-11-03$269.92$260.0064.6%22.7%41.8%39.1%80.2%1.2%0.5%-1.5M-677.2M-11.4M0.7436.72N/AN/A19,18314,133110,489128,100
2021-11-04$256.34$250.0051.6%15.5%46.4%15.8%54.2%0.9%2.3%-5.2M-320.3M-10.8M0.7462.26N/AN/A20,36114,987114,606132,158
2021-11-05$246.00$250.0052.4%14.8%48.9%17.2%52.4%2.7%0.8%-7.2M-21.6M-10.5M1.3160.24N/AN/A9,70312,723116,635134,646
2021-11-08$243.76$250.0050.8%15.2%47.6%14.5%54.9%2.6%2.7%-8.5M-2.9M-10.3M1.2961.33N/AN/A7,3229,416109,994126,790
2021-11-09$249.83$250.0051.6%15.2%48.3%15.8%53.0%1.8%0.6%-7.1M-153.9M-10.4M0.9362.21N/AN/A7,1986,682111,477128,668
2021-11-10$240.00$250.0051.4%15.3%50.7%15.5%52.6%3.2%1.6%-10.4M106.5M-10.0M1.0561.67N/AN/A6,4326,729112,387128,914
2021-11-11$244.61$250.0049.2%14.7%50.0%11.6%50.2%-0.4%2.5%-9.4M13.1M-10.2M1.1560.04N/AN/A6,4247,363113,378129,753
2021-11-12$257.20$250.0050.0%14.7%52.9%12.9%51.0%0.6%1.8%-1.9M-356.6M-10.5M0.9762.27N/AN/A8,8068,539113,689131,188
2021-11-15$254.05$250.0051.4%14.8%53.1%15.4%51.9%2.5%0.0%-4.7M-270.6M-10.4M1.0158.03N/AN/A6,7236,818111,382126,847
2021-11-16$268.57$250.0050.7%14.6%55.9%14.3%51.7%1.1%-0.6%4.1M-729.5M-10.5M1.2062.70N/AN/A9,87511,878115,206127,037
2021-11-17$263.49$250.0051.6%14.8%56.5%15.8%52.4%2.2%-2.9%-56.0K-569.4M-10.4M1.4463.33N/AN/A4,4946,461115,975128,927
2021-11-18$258.74$250.0050.7%14.6%56.6%14.2%50.9%1.6%-0.9%-3.7M-412.8M-10.2M1.1368.15N/AN/A7,8068,852116,291129,722
2021-11-19$274.69$250.0053.6%15.4%58.5%19.5%55.0%0.9%-0.1%6.5M-907.6M-10.7M1.0058.50N/AN/A8,8578,859116,265129,948
2021-11-22$262.21$250.0054.4%15.8%61.4%20.9%56.5%-0.4%-1.4%-527.5K-515.8M-10.2M1.1048.13N/AN/A5,9686,58598,723112,213
2021-11-23$260.27$250.0055.3%16.2%61.5%22.5%57.9%0.2%0.3%-2.0M-454.7M-10.3M1.5645.53N/AN/A3,3515,228100,266114,140
2021-11-24$279.42$250.0061.5%16.7%64.6%33.6%59.4%1.3%-4.9%8.5M-910.9M-10.7M0.7147.70N/AN/A11,3398,017100,734115,132
2021-11-26$278.83$250.0066.4%18.4%59.4%42.3%65.2%-1.1%-1.2%8.5M-867.1M-10.6M1.2544.04N/AN/A5,4306,762100,703116,690
2021-11-29$268.95$250.0061.7%17.4%61.2%34.0%61.9%1.1%3.0%-597.5K-640.2M-10.3M1.2849.18N/AN/A3,8224,89997,183114,547
2021-11-30$252.45$250.0061.0%18.6%65.4%32.7%66.9%-3.3%1.3%-4.2M-287.0M-9.9M1.1347.49N/AN/A5,2425,90998,233114,948