W Options History — April 2022

In April 2022, W traded between $76.12 and $117.12. ATM implied volatility averaged 98.7%, placing in the 87.1% IV rank vs the trailing year. The 30-day expected move averaged 28.4%. IV traded above realized volatility by 9.1% (HV 20d: 89.5%). Max pain ranged from $130.00 to $155.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.54.

Notable Days

2022-04-26: Highest Volume — 29,659 contracts
2022-04-04: Largest IV spike — 10.0% change
2022-04-21: Highest IV Rank — 100.0%
2022-04-29: Largest Expected Move — 35.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$100.31	$76.12	$117.12	$110.71	$77.10
Max Pain	$142.00	$130.00	$155.00	$155.00	$130.00
ATM IV	98.7%	72.3%	116.2%	72.3%	114.5%
Expected Move	28.4%	22.8%	35.9%	23.1%	35.9%
HV 20d	89.5%	80.6%	93.8%	89.7%	87.2%
HV 60d	80.1%	76.6%	82.9%	76.6%	82.0%
IV Rank	87.1%	49.3%	100.0%	49.3%	97.8%
IV Percentile	96.1%	83.3%	100.0%	83.3%	99.6%
Term Structure	-2.6%	-7.0%	17.3%	17.3%	-5.9%
VWIV	99.0%	75.8%	125.7%	77.3%	123.3%
Skew 25d	11.3%	7.5%	18.4%	7.5%	18.4%
Skew 10d	21.1%	14.4%	29.0%	18.1%	29.0%
Call IV 25d	93.3%	64.0%	110.4%	64.0%	107.7%
Put IV 25d	104.6%	71.5%	126.1%	71.5%	126.1%
Bid-Ask Spread %	41.35	18.40	52.15	47.84	35.55
Gamma HHI	0.08	0.07	0.10	0.08	0.07
Net GEX	-1.0M	-2.7M	534.4K	-323.0K	-2.1M
Net DEX	403.1M	314.9M	471.5M	421.5M	443.0M
Net VEX	-3.3M	-4.1M	-2.2M	-3.6M	-2.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.54	0.69	4.09	0.99	1.81
Total Volume	16,539.15	5,541	29,659	15,588	15,170
Total OI	206,550.9	191,853	223,896	196,352	223,896

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-04-01	$110.71	$155.00	72.3%	23.1%	89.7%	49.3%	77.3%	7.5%	17.3%	-323.0K	421.5M	-3.6M	0.99	47.84	N/A	N/A	7,839	7,749	101,149	95,203
2022-04-04	$117.12	$155.00	79.5%	22.8%	92.1%	61.3%	75.8%	8.7%	1.9%	534.4K	349.0M	-3.9M	0.79	38.29	N/A	N/A	7,040	5,575	99,389	92,464
2022-04-05	$114.23	$155.00	83.3%	23.1%	91.4%	67.5%	79.0%	9.7%	-0.0%	115.5K	373.6M	-3.8M	0.85	37.62	N/A	N/A	6,700	5,717	101,112	93,813
2022-04-06	$107.12	$155.00	90.8%	24.5%	92.9%	80.1%	85.7%	10.6%	0.9%	-1.1M	425.2M	-3.4M	1.93	50.93	N/A	N/A	4,518	8,728	101,998	94,303
2022-04-07	$111.63	$150.00	93.8%	25.0%	93.8%	85.2%	88.8%	8.7%	-3.2%	-586.7K	381.6M	-3.7M	1.45	52.15	N/A	N/A	6,050	8,781	102,983	95,763
2022-04-08	$112.12	$150.00	93.4%	25.4%	91.9%	84.4%	90.8%	9.8%	-0.4%	-359.0K	366.6M	-3.9M	1.73	47.34	N/A	N/A	6,873	11,856	104,533	99,216
2022-04-11	$114.04	$150.00	96.7%	26.0%	85.8%	89.8%	89.7%	12.7%	-6.0%	-3.4K	355.5M	-4.0M	1.43	49.49	N/A	N/A	6,094	8,686	102,597	98,766
2022-04-12	$107.48	$140.00	95.8%	26.4%	83.5%	88.5%	89.9%	11.3%	-2.1%	-1.2M	424.4M	-3.6M	1.80	50.10	N/A	N/A	5,801	10,469	104,509	101,826
2022-04-13	$116.38	$140.00	95.3%	25.8%	87.4%	87.5%	95.5%	10.3%	-4.1%	11.3K	314.9M	-4.1M	1.79	50.16	N/A	N/A	7,245	12,976	105,381	102,793
2022-04-14	$109.81	$140.00	95.0%	26.1%	89.6%	87.0%	88.7%	8.9%	-4.3%	-2.7M	388.1M	-3.8M	1.19	50.76	N/A	N/A	7,851	9,375	107,894	108,886
2022-04-18	$101.79	$140.00	99.9%	28.3%	91.9%	95.2%	98.4%	10.5%	-4.9%	-927.0K	387.7M	-3.4M	1.59	36.80	N/A	N/A	7,660	12,162	99,284	97,137
2022-04-19	$106.47	$135.00	94.8%	27.0%	93.0%	86.7%	95.4%	9.9%	-4.3%	-612.3K	359.5M	-3.6M	0.69	37.52	N/A	N/A	6,903	4,768	101,260	100,548
2022-04-20	$98.02	$135.00	99.6%	28.5%	89.9%	94.7%	100.8%	12.0%	-3.8%	-1.4M	419.6M	-3.1M	0.75	29.51	N/A	N/A	10,845	8,137	102,911	101,337
2022-04-21	$93.49	$135.00	103.6%	29.9%	89.2%	100.0%	107.1%	12.4%	-5.7%	-1.4M	421.6M	-3.0M	1.85	39.49	N/A	N/A	5,909	10,916	108,232	102,429
2022-04-22	$85.92	$135.00	112.3%	32.7%	92.4%	100.0%	114.5%	11.6%	-2.9%	-1.4M	434.8M	-2.8M	2.37	38.93	N/A	N/A	8,053	19,105	109,096	104,885
2022-04-25	$83.69	$135.00	114.1%	33.8%	91.2%	100.0%	119.1%	9.7%	-5.2%	-1.7M	439.1M	-2.7M	0.97	41.03	N/A	N/A	6,206	6,050	106,639	104,097
2022-04-26	$80.32	$135.00	116.2%	35.2%	89.3%	100.0%	125.7%	13.5%	-6.2%	-1.6M	442.4M	-2.5M	4.09	38.29	N/A	N/A	5,826	23,833	108,789	105,773
2022-04-27	$76.12	$135.00	113.1%	35.0%	80.6%	95.8%	121.7%	14.7%	-6.1%	-2.0M	471.5M	-2.2M	1.08	36.74	N/A	N/A	2,665	2,876	109,607	109,680
2022-04-28	$82.69	$135.00	109.9%	34.1%	87.8%	91.5%	112.6%	15.5%	-7.0%	-1.7M	441.8M	-2.6M	1.62	18.40	N/A	N/A	6,789	10,987	111,153	109,687
2022-04-29	$77.10	$130.00	114.5%	35.9%	87.2%	97.8%	123.3%	18.4%	-5.9%	-2.1M	443.0M	-2.4M	1.81	35.55	N/A	N/A	5,391	9,779	112,531	111,365