W Options History — February 2022

In February 2022, W traded between $121.66 and $161.97. ATM implied volatility averaged 90.9%, placing in the 86.0% IV rank vs the trailing year. The 30-day expected move averaged 25.8%. IV traded above realized volatility by 14.8% (HV 20d: 76.1%). Max pain ranged from $145.00 to $200.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 1.07.

Notable Days

  • 2022-02-23: Highest Volume — 30,509 contracts
  • 2022-02-24: Largest IV drop — 14.6% change
  • 2022-02-17: Highest IV Rank — 100.0%
  • 2022-02-22: Largest Expected Move — 32.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$139.52$121.66$161.97$161.97$139.60
Max Pain$167.63$145.00$200.00$200.00$145.00
ATM IV90.9%76.2%102.7%84.9%76.2%
Expected Move25.8%20.7%32.2%20.7%23.5%
HV 20d76.1%71.9%80.6%71.9%76.2%
HV 60d68.9%66.5%70.4%66.5%69.4%
IV Rank86.0%55.7%100.0%77.4%55.7%
IV Percentile96.8%90.1%100.0%96.4%90.1%
Term Structure-3.5%-6.6%-0.1%-2.8%-0.1%
VWIV91.1%74.9%112.1%74.9%83.3%
Skew 25d9.9%2.5%13.1%7.2%10.8%
Skew 10d18.7%11.7%28.5%13.7%18.0%
Call IV 25d87.5%71.6%98.4%82.0%72.2%
Put IV 25d97.4%82.5%110.3%89.1%83.1%
Bid-Ask Spread %42.2531.6754.1443.4742.44
Gamma HHI0.060.040.130.050.04
Net GEX-4.0M-6.4M1.9M-3.2M-3.3M
Net DEX595.1M497.9M667.8M531.8M497.9M
Net VEX-3.9M-4.9M-3.1M-4.9M-3.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.541.750.971.75
Total Volume13,556.2117,49330,5098,82515,538
Total OI140,305.316130,901154,101133,000133,203

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$161.97$200.0084.9%20.7%71.9%77.4%74.9%7.2%-2.8%-3.2M531.8M-4.9M0.9743.47N/AN/A4,4824,34351,39181,609
2022-02-02$147.19$200.0089.8%22.2%77.0%86.4%82.9%8.3%-4.9%-4.9M615.1M-4.2M0.9754.14N/AN/A6,2166,04152,89682,519
2022-02-03$137.60$170.0096.0%25.5%75.1%97.7%91.5%12.1%-4.3%-5.3M645.8M-3.9M1.0942.67N/AN/A6,1776,72953,77984,154
2022-02-04$143.96$170.0092.6%25.2%77.0%91.5%90.7%8.7%-4.2%-1.6M604.2M-4.3M0.5444.65N/AN/A9,9295,31856,47485,833
2022-02-07$141.17$170.0092.1%24.9%75.4%90.5%87.2%10.9%-3.9%-4.9M614.9M-4.0M1.3140.21N/AN/A4,2405,56850,41882,261
2022-02-08$147.09$170.0088.8%24.7%77.4%84.6%85.4%2.5%-2.1%-4.5M593.3M-4.2M1.4543.26N/AN/A3,7225,39451,65285,617
2022-02-09$151.60$170.0086.7%24.2%77.3%80.7%85.6%6.8%-2.4%-4.2M592.4M-4.3M0.9943.67N/AN/A3,7583,73552,19385,789
2022-02-10$146.95$170.0089.4%24.8%77.6%85.6%87.4%12.3%-3.8%-4.6M599.6M-4.2M0.8741.31N/AN/A5,1254,47552,92887,115
2022-02-11$144.95$170.0088.2%25.1%77.1%83.5%88.5%7.5%-1.4%-5.9M614.9M-4.1M0.7539.92N/AN/A6,8645,15654,06787,660
2022-02-14$142.30$170.0093.1%26.3%77.0%92.4%92.6%11.1%-5.0%-4.7M614.5M-4.0M0.8047.43N/AN/A4,4253,55253,32985,685
2022-02-15$147.44$170.0088.9%25.3%76.5%84.7%86.3%11.1%-2.1%-4.6M603.7M-4.1M0.6246.49N/AN/A6,2833,89553,95986,061
2022-02-16$136.04$160.0094.8%27.2%80.6%95.4%95.6%12.3%-6.4%-5.1M642.8M-3.6M1.5945.28N/AN/A5,4728,71656,64286,870
2022-02-17$131.26$160.0099.8%28.9%79.5%100.0%101.2%13.1%-6.3%-5.7M664.2M-3.5M1.1345.89N/AN/A5,5506,26358,61490,660
2022-02-18$129.00$160.0098.6%28.9%77.5%97.9%98.9%10.3%-6.6%-6.4M667.8M-3.4M0.6742.93N/AN/A8,6225,75260,43092,084
2022-02-22$122.82$160.00100.2%32.2%73.1%100.0%112.1%12.8%-2.0%-3.3M559.3M-3.2M1.0831.67N/AN/A6,0286,54051,49279,409
2022-02-23$121.66$160.00102.7%32.0%73.0%100.0%111.4%10.5%-2.8%-3.1M564.2M-3.1M1.4536.23N/AN/A12,43218,07753,85381,084
2022-02-24$126.54$155.0087.7%26.1%72.9%75.0%93.8%9.4%-3.3%-2.9M561.6M-3.3M1.2737.51N/AN/A10,28113,08959,82190,149
2022-02-25$131.66$155.0076.3%22.3%74.4%55.8%81.1%10.9%-2.9%1.9M518.3M-3.5M0.9233.61N/AN/A10,2939,48861,64292,459
2022-02-28$139.60$145.0076.2%23.5%76.2%55.7%83.3%10.8%-0.1%-3.3M497.9M-3.8M1.7542.44N/AN/A5,6529,88652,25680,947