W Options History — December 2021

In December 2021, W traded between $188.85 and $247.56. ATM implied volatility averaged 58.2%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded below realized volatility by 11.2% (HV 20d: 69.4%). Max pain ranged from $200.00 to $250.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.97.

Notable Days

  • 2021-12-16: Highest Volume — 25,442 contracts
  • 2021-12-16: Largest IV spike — 17.8% change
  • 2021-12-16: Highest IV Rank — 48.6%
  • 2021-12-03: Largest Expected Move — 20.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$209.81$188.85$247.56$247.56$190.08
Max Pain$206.82$200.00$250.00$250.00$200.00
ATM IV58.2%47.6%69.8%63.6%54.8%
Expected Move16.9%14.2%20.5%18.9%14.2%
HV 20d69.4%62.0%79.5%65.4%66.7%
HV 60d56.1%49.3%60.7%49.3%58.8%
IV Rank27.7%8.7%48.6%37.4%21.5%
IV Percentile45.1%17.9%81.7%66.3%38.1%
Term Structure-0.1%-4.1%5.3%1.0%-0.4%
VWIV60.2%49.4%74.0%68.6%50.5%
Skew 25d5.1%-4.8%13.4%-4.8%10.1%
Skew 10d8.6%-2.6%22.9%9.6%9.6%
Call IV 25d57.5%48.9%72.2%68.5%49.2%
Put IV 25d62.6%52.5%77.6%63.7%59.3%
Bid-Ask Spread %56.6146.5266.8551.5356.14
Gamma HHI0.060.050.090.060.09
Net GEX-7.6M-9.9M-5.0M-5.3M-9.9M
Net DEX353.7M-179.1M689.8M-179.1M493.9M
Net VEX-7.6M-9.7M-6.3M-9.7M-6.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.691.600.890.88
Total Volume13,147.68210,30225,44211,93311,526
Total OI209,486.273197,482227,101214,712201,457

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$247.56$250.0063.6%18.9%65.4%37.4%68.6%-4.8%1.0%-5.3M-179.1M-9.7M0.8951.53N/AN/A6,3135,62099,268115,444
2021-12-02$236.95$250.0060.9%19.0%64.2%32.5%67.9%1.0%-3.1%-8.2M48.5M-9.3M1.1154.11N/AN/A5,0665,610101,096116,235
2021-12-03$234.00$250.0064.1%20.5%62.0%38.3%74.0%2.3%5.3%-8.0M92.1M-9.2M1.6055.69N/AN/A4,2596,823101,424116,931
2021-12-06$222.55$200.0062.2%18.5%62.8%34.8%66.0%4.1%-1.5%-8.9M309.7M-8.5M1.2656.63N/AN/A6,0317,62497,980115,193
2021-12-07$229.62$200.0059.1%17.3%64.1%29.3%63.5%7.8%-4.1%-8.3M162.8M-8.6M1.0558.64N/AN/A5,0325,27095,753112,789
2021-12-08$238.01$200.0058.8%16.1%64.8%28.7%62.4%-1.6%-2.1%-6.7M11.0M-8.9M0.8063.90N/AN/A5,9114,75596,454113,066
2021-12-09$219.39$200.0058.4%17.1%69.5%28.1%59.1%3.8%0.6%-9.4M338.2M-8.0M0.8563.14N/AN/A7,2876,15897,842113,265
2021-12-10$202.95$200.0057.9%17.9%73.6%27.2%63.1%4.8%-2.1%-9.9M561.1M-7.3M1.6061.26N/AN/A8,25613,17799,022114,542
2021-12-13$205.46$200.0058.1%17.0%70.7%27.6%59.4%9.2%1.4%-9.5M520.9M-7.3M0.8359.37N/AN/A8,1596,76699,218115,899
2021-12-14$207.41$200.0060.1%16.9%71.1%31.1%57.4%8.0%-2.5%-8.7M482.0M-7.4M0.7165.41N/AN/A6,5764,701101,785116,733
2021-12-15$208.28$200.0059.3%17.4%67.0%29.7%62.2%9.5%1.9%-8.1M458.7M-7.5M0.9566.85N/AN/A5,9395,613102,993117,016
2021-12-16$188.85$200.0069.8%19.0%73.5%48.6%66.1%5.4%-2.4%-8.2M689.8M-6.8M1.3860.43N/AN/A10,69714,745103,134119,265
2021-12-17$202.31$200.0062.4%17.9%79.5%35.1%63.4%13.4%-0.3%-5.7M521.4M-7.5M0.7860.67N/AN/A10,3418,029105,250121,851
2021-12-20$196.11$200.0062.3%17.7%75.0%35.0%62.6%7.0%0.9%-6.0M411.5M-7.0M0.7046.52N/AN/A7,3255,16389,471108,011
2021-12-21$202.55$200.0055.4%15.9%76.1%22.7%57.6%4.5%0.5%-5.8M340.3M-7.2M0.7751.27N/AN/A6,8615,27390,617108,722
2021-12-22$203.64$200.0053.5%15.4%76.3%19.4%55.7%4.7%0.1%-5.3M333.6M-7.3M0.6950.17N/AN/A6,4624,48091,735109,276
2021-12-23$203.87$200.0053.2%15.2%70.0%18.7%55.8%4.6%2.3%-5.0M333.4M-7.2M0.7548.44N/AN/A7,4365,58192,294109,381
2021-12-27$198.16$200.0054.7%15.3%69.9%21.4%55.7%6.0%-0.6%-6.3M409.6M-6.8M0.8450.63N/AN/A6,2005,19690,346107,532
2021-12-28$194.09$200.0052.9%15.0%69.6%18.1%53.1%3.6%3.4%-7.2M467.2M-6.6M0.9453.40N/AN/A5,4505,12791,312108,376
2021-12-29$191.22$200.0047.6%14.6%67.3%8.7%51.5%3.7%-0.5%-7.8M514.5M-6.3M1.0456.67N/AN/A5,5575,79791,742108,611
2021-12-30$192.82$200.0051.8%14.2%67.7%16.2%49.4%4.9%0.8%-8.4M460.2M-6.4M0.9154.66N/AN/A5,7785,27992,366108,001
2021-12-31$190.08$200.0054.8%14.2%66.7%21.5%50.5%10.1%-0.4%-9.9M493.9M-6.3M0.8856.14N/AN/A6,1165,41093,223108,234