W Options History — November 2022

In November 2022, W traded between $28.84 and $42.12. ATM implied volatility averaged 98.9%, placing in the 64.4% IV rank vs the trailing year. The 30-day expected move averaged 29.2%. IV traded below realized volatility by 24.8% (HV 20d: 123.7%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 3.39.

Notable Days

2022-11-10: Highest Volume — 64,636 contracts
2022-11-03: Largest IV drop — 16.8% change
2022-11-01: Highest IV Rank — 82.6%
2022-11-01: Largest Expected Move — 38.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$35.08	$28.84	$42.12	$37.90	$36.47
Max Pain	$40.43	$35.00	$45.00	$35.50	$36.00
ATM IV	98.9%	89.5%	113.4%	113.4%	89.5%
Expected Move	29.2%	26.8%	38.0%	38.0%	27.4%
HV 20d	123.7%	92.4%	143.9%	92.4%	143.9%
HV 60d	106.0%	96.6%	115.7%	103.1%	111.9%
IV Rank	64.4%	52.6%	82.6%	82.6%	52.6%
IV Percentile	63.6%	35.3%	85.3%	85.3%	35.3%
Term Structure	-0.6%	-3.8%	2.7%	-2.4%	0.1%
VWIV	103.6%	95.0%	135.7%	135.7%	97.9%
Skew 25d	6.9%	5.0%	10.2%	10.2%	5.8%
Skew 10d	14.8%	10.2%	22.2%	22.2%	13.5%
Call IV 25d	97.3%	87.4%	111.5%	109.2%	87.4%
Put IV 25d	104.1%	93.2%	119.4%	119.4%	93.2%
Bid-Ask Spread %	13.86	9.62	21.98	21.98	13.07
Gamma HHI	0.09	0.06	0.12	0.06	0.09
Net GEX	-953.1K	-2.1M	534.1K	-257.4K	-485.6K
Net DEX	90.9M	-7.2M	140.4M	56.0M	77.4M
Net VEX	-770.8K	-933.2K	-594.9K	-781.4K	-841.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.39	0.75	7.90	6.83	2.63
Total Volume	40,410.762	5,192	64,636	34,623	47,208
Total OI	221,220.048	193,605	261,394	193,605	212,565

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
2022-11-01	$37.90	$35.50	113.4%	38.0%	92.4%	82.6%	135.7%	10.2%	-2.4%	-257.4K	56.0M	-781.4K	6.83	21.98	N/A	N/A	4,421	30,202	103,035	90,570
2022-11-02	$35.98	$35.50	112.9%	37.8%	93.7%	82.0%	135.1%	7.4%	-2.1%	-607.7K	76.6M	-756.7K	3.12	16.92	N/A	N/A	10,544	32,848	104,178	98,937
2022-11-03	$37.94	$40.00	94.0%	26.8%	92.5%	58.2%	95.0%	5.0%	0.6%	-424.6K	64.3M	-755.0K	2.39	13.94	N/A	N/A	16,566	39,645	110,052	109,316
2022-11-04	$32.96	$40.00	95.7%	27.3%	99.7%	60.4%	96.6%	7.9%	-0.0%	-1.5M	129.8M	-678.5K	1.89	10.46	N/A	N/A	15,316	28,960	115,057	118,403
2022-11-07	$32.78	$40.00	96.4%	27.2%	99.6%	61.2%	98.0%	7.1%	-1.2%	-1.0M	112.8M	-669.9K	3.95	9.66	N/A	N/A	8,169	32,228	108,278	107,631
2022-11-08	$32.32	$40.00	96.0%	28.0%	99.8%	60.8%	97.9%	8.8%	1.3%	-1.1M	114.3M	-660.0K	7.90	12.42	N/A	N/A	7,059	55,732	110,404	112,121
2022-11-09	$28.84	$40.00	99.4%	28.5%	107.0%	64.9%	97.8%	6.7%	0.5%	-1.5M	140.2M	-594.9K	4.76	12.72	N/A	N/A	8,935	42,490	111,061	113,613
2022-11-10	$36.77	$35.00	96.5%	28.1%	138.1%	61.3%	98.7%	6.8%	2.3%	-228.5K	53.9M	-757.4K	4.17	16.39	N/A	N/A	12,495	52,141	112,871	113,137
2022-11-11	$41.56	$40.00	96.4%	28.2%	138.3%	61.3%	98.4%	6.1%	2.7%	534.1K	-7.2M	-863.2K	3.63	17.56	N/A	N/A	12,849	46,652	116,631	121,958
2022-11-14	$41.21	$45.00	101.0%	29.1%	131.6%	67.0%	105.0%	6.1%	-2.8%	-317.4K	15.9M	-871.9K	5.87	14.96	N/A	N/A	7,885	46,321	111,892	115,805
2022-11-15	$42.12	$45.00	100.6%	28.9%	130.6%	66.4%	104.0%	5.7%	0.1%	-465.6K	14.0M	-933.2K	5.38	16.30	N/A	N/A	7,630	41,040	113,733	126,187
2022-11-16	$37.43	$45.00	105.0%	30.1%	134.8%	72.1%	105.6%	7.3%	-1.9%	-1.5M	86.8M	-877.4K	2.87	14.43	N/A	N/A	12,954	37,210	115,006	132,250
2022-11-17	$34.13	$45.00	102.8%	29.5%	139.4%	69.3%	104.5%	5.2%	-0.3%	-2.1M	131.9M	-818.9K	2.51	12.89	N/A	N/A	11,162	28,046	119,109	137,023
2022-11-18	$33.19	$45.00	98.7%	28.3%	139.3%	64.1%	101.1%	5.9%	0.6%	-2.0M	140.4M	-788.8K	2.20	21.41	N/A	N/A	11,151	24,548	123,438	137,956
2022-11-21	$32.98	$45.00	100.4%	28.6%	138.9%	66.2%	103.0%	6.4%	-3.8%	-1.2M	120.9M	-771.9K	2.62	10.57	N/A	N/A	9,784	25,628	91,509	103,314
2022-11-22	$32.74	$40.00	98.4%	28.0%	136.0%	63.7%	98.7%	8.8%	-2.2%	-1.1M	115.8M	-769.9K	2.47	11.61	N/A	N/A	9,036	22,282	96,015	107,282
2022-11-23	$32.92	$40.00	95.8%	27.9%	135.9%	60.5%	98.5%	7.9%	-1.2%	-809.6K	113.5M	-769.3K	3.08	11.58	N/A	N/A	6,629	20,438	98,986	108,606
2022-11-25	$32.51	$40.00	95.4%	28.2%	135.9%	60.0%	100.6%	7.2%	-2.3%	-1.4M	119.9M	-753.7K	0.75	11.70	N/A	N/A	2,962	2,230	100,194	110,220
2022-11-28	$32.23	$40.00	95.3%	29.0%	135.7%	59.8%	103.1%	6.2%	-0.9%	-1.2M	115.4M	-737.8K	1.18	9.62	N/A	N/A	3,902	4,618	94,681	105,731
2022-11-29	$31.73	$37.00	93.1%	27.9%	134.0%	57.1%	100.7%	6.4%	0.5%	-1.2M	117.2M	-736.2K	1.08	10.84	N/A	N/A	4,179	4,531	97,481	109,385
2022-11-30	$36.47	$36.00	89.5%	27.4%	143.9%	52.6%	97.9%	5.8%	0.1%	-485.6K	77.4M	-841.7K	2.63	13.07	N/A	N/A	12,992	34,216	100,055	112,510