W Options History — May 2022

In May 2022, W traded between $45.93 and $91.16. ATM implied volatility averaged 104.2%, placing in the 83.1% IV rank vs the trailing year. The 30-day expected move averaged 30.8%. IV traded below realized volatility by 32.3% (HV 20d: 136.4%). Max pain ranged from $80.00 to $155.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.99.

Notable Days

2022-05-05: Highest Volume — 48,390 contracts
2022-05-09: Largest IV spike — 13.3% change
2022-05-12: Highest IV Rank — 100.0%
2022-05-02: Largest Expected Move — 37.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.99	$45.93	$91.16	$85.74	$58.84
Max Pain	$110.00	$80.00	$155.00	$130.00	$80.00
ATM IV	104.2%	90.3%	117.1%	113.6%	92.5%
Expected Move	30.8%	26.1%	37.6%	37.6%	27.9%
HV 20d	136.4%	96.1%	157.4%	97.8%	151.1%
HV 60d	104.2%	84.3%	114.6%	84.5%	114.4%
IV Rank	83.1%	63.9%	100.0%	96.5%	67.0%
IV Percentile	93.2%	79.8%	100.0%	98.8%	81.3%
Term Structure	-1.1%	-5.8%	5.4%	-1.3%	-4.2%
VWIV	108.9%	91.0%	134.3%	130.0%	99.6%
Skew 25d	14.7%	10.1%	18.7%	17.1%	12.3%
Skew 10d	28.6%	23.5%	32.0%	25.9%	28.9%
Call IV 25d	98.2%	84.6%	112.5%	105.3%	88.6%
Put IV 25d	112.9%	96.2%	128.1%	122.4%	100.9%
Bid-Ask Spread %	55.07	34.25	75.77	36.16	50.54
Gamma HHI	0.10	0.07	0.14	0.08	0.14
Net GEX	-857.3K	-2.8M	1.4M	-1.0M	1.4M
Net DEX	353.0M	147.6M	522.6M	378.9M	176.6M
Net VEX	-1.6M	-3.1M	-987.8K	-2.9M	-1.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.99	0.48	1.75	1.28	0.75
Total Volume	23,883.952	13,720	48,390	14,357	15,045
Total OI	241,908.857	210,920	264,306	210,920	245,912

Daily Data (21 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
2022-05-02	$85.74	$130.00	113.6%	37.6%	97.8%	96.5%	130.0%	17.1%	-1.3%	-1.0M	378.9M	-2.9M	1.28	36.16	N/A	N/A	6,291	8,066	106,142	104,778
2022-05-03	$88.84	$120.00	110.6%	37.3%	96.1%	92.5%	134.3%	17.8%	-2.6%	-1.0M	369.2M	-3.0M	1.33	37.25	N/A	N/A	5,893	7,827	108,345	107,738
2022-05-04	$91.16	$120.00	110.8%	37.5%	97.1%	92.7%	130.9%	18.7%	-5.8%	-951.0K	356.9M	-3.1M	1.02	34.25	N/A	N/A	14,858	15,108	109,595	109,217
2022-05-05	$68.53	$155.00	96.5%	26.9%	136.7%	73.2%	91.0%	15.2%	0.1%	-2.8M	522.6M	-1.7M	1.56	64.06	N/A	N/A	18,887	29,503	117,608	116,568
2022-05-06	$66.32	$140.00	99.7%	29.4%	134.6%	77.5%	112.6%	16.9%	-0.2%	-2.4M	487.5M	-1.8M	1.75	60.97	N/A	N/A	14,181	24,854	128,566	121,493
2022-05-09	$62.45	$135.00	112.9%	32.0%	134.6%	95.5%	110.5%	17.1%	1.7%	-1.4M	439.0M	-1.7M	1.37	58.46	N/A	N/A	7,990	10,966	119,172	113,893
2022-05-10	$58.34	$130.00	112.9%	31.8%	134.2%	95.5%	114.2%	17.3%	-0.4%	-1.4M	443.7M	-1.5M	1.35	58.80	N/A	N/A	11,371	15,308	122,363	116,138
2022-05-11	$52.87	$125.00	116.1%	32.8%	135.9%	99.9%	115.1%	15.7%	-1.3%	-1.4M	434.0M	-1.3M	1.14	61.74	N/A	N/A	11,032	12,592	125,965	118,709
2022-05-12	$54.60	$120.00	117.1%	33.2%	131.5%	100.0%	116.8%	13.0%	-1.9%	-1.3M	407.7M	-1.4M	0.79	63.41	N/A	N/A	11,936	9,409	129,531	116,326
2022-05-13	$57.36	$115.00	103.6%	30.2%	134.8%	81.9%	108.2%	14.1%	3.0%	-1.6M	420.8M	-1.5M	0.72	64.70	N/A	N/A	12,788	9,208	133,420	118,901
2022-05-16	$50.75	$110.00	104.3%	29.9%	137.8%	82.9%	107.0%	14.0%	-5.5%	-1.3M	415.7M	-1.1M	1.03	69.75	N/A	N/A	10,063	10,354	128,617	114,899
2022-05-17	$54.64	$105.00	97.5%	28.0%	140.4%	73.7%	96.7%	12.8%	-2.6%	-1.4M	416.2M	-1.2M	0.63	75.77	N/A	N/A	16,826	10,680	131,281	117,161
2022-05-18	$47.53	$100.00	106.9%	30.6%	144.4%	86.3%	107.3%	15.2%	5.4%	-1.1M	403.1M	-987.8K	0.67	43.93	N/A	N/A	21,143	14,157	137,987	118,483
2022-05-19	$49.79	$100.00	103.4%	29.7%	147.2%	81.6%	101.3%	12.0%	-1.5%	-594.5K	334.1M	-1.3M	0.70	74.49	N/A	N/A	13,089	9,198	149,767	110,132
2022-05-20	$51.27	$90.00	102.1%	29.6%	147.3%	79.9%	105.3%	13.5%	-3.6%	-133.3K	323.9M	-1.3M	1.61	62.84	N/A	N/A	9,497	15,258	153,736	110,570
2022-05-23	$50.02	$90.00	99.1%	29.3%	147.3%	75.8%	104.1%	16.0%	-1.1%	-370.9K	254.3M	-1.2M	0.73	45.81	N/A	N/A	9,767	7,092	136,916	96,697
2022-05-24	$45.93	$90.00	102.9%	30.7%	148.8%	81.0%	104.1%	15.1%	-2.2%	-488.3K	260.7M	-1.1M	0.52	46.54	N/A	N/A	13,360	6,938	141,076	97,637
2022-05-25	$49.92	$90.00	99.7%	29.3%	153.5%	76.6%	103.8%	13.0%	-0.6%	-13.6K	232.7M	-1.3M	0.65	50.98	N/A	N/A	13,064	8,456	144,448	97,606
2022-05-26	$56.00	$85.00	95.3%	27.5%	156.8%	70.8%	98.0%	10.1%	-2.9%	845.1K	187.2M	-1.6M	0.48	44.78	N/A	N/A	15,802	7,581	148,173	100,062
2022-05-27	$58.80	$80.00	90.3%	26.1%	157.4%	63.9%	96.9%	11.7%	4.7%	321.9K	147.6M	-1.7M	0.63	51.17	N/A	N/A	9,882	6,243	152,976	101,482
2022-05-31	$58.84	$80.00	92.5%	27.9%	151.1%	67.0%	99.6%	12.3%	-4.2%	1.4M	176.6M	-1.6M	0.75	50.54	N/A	N/A	8,594	6,451	147,387	98,525