W Options History — August 2022

In August 2022, W traded between $53.28 and $73.75. ATM implied volatility averaged 92.4%, placing in the 61.6% IV rank vs the trailing year. The 30-day expected move averaged 27.0%. IV traded below realized volatility by 32.7% (HV 20d: 125.1%). Max pain ranged from $60.00 to $85.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 1.34.

Notable Days

2022-08-03: Highest Volume — 65,277 contracts
2022-08-04: Largest IV drop — 22.0% change
2022-08-02: Highest IV Rank — 87.9%
2022-08-03: Largest Expected Move — 38.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$61.37	$53.28	$73.75	$57.09	$53.58
Max Pain	$75.00	$60.00	$85.00	$60.00	$75.00
ATM IV	92.4%	84.7%	113.6%	110.8%	88.8%
Expected Move	27.0%	24.2%	38.9%	35.4%	25.7%
HV 20d	125.1%	89.5%	148.9%	106.2%	132.6%
HV 60d	116.8%	109.6%	123.9%	123.9%	116.9%
IV Rank	61.6%	52.1%	87.9%	84.4%	57.2%
IV Percentile	64.6%	52.8%	93.3%	89.7%	57.1%
Term Structure	-1.0%	-5.6%	1.4%	-4.5%	0.1%
VWIV	98.1%	86.1%	153.2%	125.3%	94.1%
Skew 25d	4.5%	-2.1%	13.1%	13.0%	6.0%
Skew 10d	9.3%	-4.5%	31.0%	31.0%	12.9%
Call IV 25d	92.5%	85.1%	109.8%	104.2%	87.9%
Put IV 25d	97.0%	88.5%	121.3%	117.2%	93.9%
Bid-Ask Spread %	40.50	21.49	58.25	40.20	23.31
Gamma HHI	0.09	0.06	0.18	0.08	0.08
Net GEX	-11.2K	-2.2M	3.1M	244.8K	-1.9M
Net DEX	61.8M	-78.7M	164.2M	65.0M	146.6M
Net VEX	-1.4M	-1.8M	-1.1M	-1.5M	-1.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.34	0.46	3.55	1.29	2.16
Total Volume	21,467.652	5,606	65,277	26,950	16,639
Total OI	246,516.913	188,404	292,114	252,988	201,144

Daily Data (23 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
2022-08-01	$57.09	$60.00	110.8%	35.4%	106.2%	84.4%	125.3%	13.0%	-4.5%	244.8K	65.0M	-1.5M	1.29	40.20	N/A	N/A	11,751	15,199	150,355	102,633
2022-08-02	$57.58	$60.00	113.6%	37.7%	89.5%	87.9%	135.8%	11.3%	-5.5%	187.0K	56.5M	-1.6M	3.55	37.04	N/A	N/A	5,636	19,999	149,972	107,034
2022-08-03	$65.91	$60.00	113.3%	38.9%	100.4%	87.5%	153.2%	13.1%	-5.6%	1.2M	-27.4M	-1.8M	2.88	31.70	N/A	N/A	16,806	48,471	150,656	111,298
2022-08-04	$62.90	$85.00	88.4%	24.5%	97.7%	56.7%	88.8%	6.3%	-0.2%	237.3K	34.6M	-1.7M	1.11	48.47	N/A	N/A	21,971	24,291	156,083	136,031
2022-08-05	$62.30	$80.00	89.0%	25.0%	96.4%	57.4%	91.5%	4.7%	-1.9%	-382.6K	27.2M	-1.6M	1.05	50.90	N/A	N/A	14,791	15,473	158,843	132,693
2022-08-08	$71.69	$80.00	92.1%	25.8%	100.1%	61.2%	98.7%	2.9%	-1.3%	2.1M	-78.7M	-1.8M	0.75	44.24	N/A	N/A	27,480	20,633	151,773	110,012
2022-08-09	$59.85	$80.00	94.0%	26.5%	122.4%	63.6%	94.9%	3.7%	-1.2%	-1.1M	114.2M	-1.4M	1.07	48.84	N/A	N/A	8,076	8,659	148,609	118,402
2022-08-10	$64.38	$80.00	86.3%	24.7%	124.4%	54.0%	87.8%	1.1%	-0.0%	184.4K	47.6M	-1.5M	0.98	57.18	N/A	N/A	5,982	5,834	151,184	118,792
2022-08-11	$64.31	$80.00	89.6%	25.3%	123.7%	58.2%	89.7%	0.2%	-1.1%	330.4K	43.4M	-1.5M	0.94	53.67	N/A	N/A	15,724	14,831	153,654	120,133
2022-08-12	$68.08	$80.00	85.6%	24.2%	124.2%	53.1%	86.1%	2.8%	-2.2%	876.6K	-2.3M	-1.6M	0.84	56.95	N/A	N/A	4,661	3,894	157,024	124,020
2022-08-15	$68.49	$75.00	84.7%	24.2%	124.2%	52.1%	88.9%	3.4%	0.7%	1.7M	-1.6M	-1.5M	2.09	58.25	N/A	N/A	2,589	5,412	148,851	115,634
2022-08-16	$73.75	$75.00	89.6%	25.6%	125.6%	58.1%	91.6%	-2.1%	-0.9%	2.5M	-78.3M	-1.6M	0.86	40.54	N/A	N/A	13,051	11,228	149,931	117,824
2022-08-17	$70.00	$75.00	86.9%	24.9%	127.6%	54.8%	89.1%	0.3%	-0.1%	3.1M	-19.0M	-1.5M	1.35	38.32	N/A	N/A	3,369	4,563	154,313	121,231
2022-08-18	$71.17	$80.00	87.8%	25.2%	127.6%	55.9%	91.0%	1.9%	0.0%	3.1M	-40.7M	-1.5M	0.65	42.66	N/A	N/A	6,500	4,194	155,267	122,252
2022-08-19	$56.65	$75.00	94.7%	27.3%	148.7%	64.5%	96.9%	4.1%	-1.6%	-1.6M	164.2M	-1.2M	1.32	55.61	N/A	N/A	16,735	22,123	159,732	124,035
2022-08-22	$53.93	$75.00	95.6%	27.0%	148.9%	65.7%	98.0%	3.7%	-0.4%	-1.4M	129.2M	-1.2M	1.37	41.26	N/A	N/A	7,643	10,483	98,290	90,114
2022-08-23	$54.27	$75.00	91.1%	25.9%	145.2%	60.1%	93.2%	4.2%	-0.4%	-1.6M	143.7M	-1.2M	1.13	29.33	N/A	N/A	3,519	3,983	100,048	97,505
2022-08-24	$55.48	$75.00	89.6%	25.4%	142.0%	58.1%	91.5%	3.7%	0.9%	-1.4M	132.6M	-1.2M	1.30	29.56	N/A	N/A	7,140	9,269	100,935	98,726
2022-08-25	$57.48	$75.00	88.4%	25.2%	141.1%	56.7%	91.6%	3.9%	0.4%	-1.1M	118.8M	-1.3M	1.27	32.01	N/A	N/A	4,308	5,468	103,562	100,373
2022-08-26	$53.28	$75.00	87.8%	24.8%	143.9%	56.0%	89.7%	5.9%	1.4%	-1.7M	160.2M	-1.2M	0.95	26.32	N/A	N/A	5,202	4,953	104,773	103,091
2022-08-29	$54.73	$75.00	89.8%	25.8%	142.3%	58.4%	95.6%	5.0%	-0.2%	-1.6M	135.0M	-1.2M	1.41	21.49	N/A	N/A	3,995	5,622	97,439	96,438
2022-08-30	$54.67	$75.00	87.7%	25.2%	142.2%	55.8%	92.5%	4.4%	1.1%	-2.2M	151.7M	-1.1M	0.46	23.59	N/A	N/A	3,853	1,753	100,022	99,158
2022-08-31	$53.58	$75.00	88.8%	25.7%	132.6%	57.2%	94.1%	6.0%	0.1%	-1.9M	146.6M	-1.1M	2.16	23.31	N/A	N/A	5,262	11,377	101,318	99,826