W Options History — June 2023

In June 2023, W traded between $42.77 and $65.35. ATM implied volatility averaged 74.0%, placing in the 2.9% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded above realized volatility by 8.1% (HV 20d: 65.9%). Max pain ranged from $40.00 to $57.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 1.08.

Notable Days

  • 2023-06-06: Highest Volume — 37,045 contracts
  • 2023-06-20: Largest IV spike — 5.0% change
  • 2023-06-01: Highest IV Rank — 15.3%
  • 2023-06-01: Largest Expected Move — 25.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.34$42.77$65.35$42.77$65.35
Max Pain$50.48$40.00$57.00$40.00$57.00
ATM IV74.0%70.8%82.2%82.2%73.2%
Expected Move21.2%18.8%25.2%25.2%18.8%
HV 20d65.9%49.1%94.7%94.7%49.1%
HV 60d69.4%67.5%74.2%74.2%68.0%
IV Rank2.9%0.0%15.3%15.3%4.3%
IV Percentile2.0%0.0%7.5%7.5%4.0%
Term Structure3.1%-1.9%17.9%-1.9%17.9%
VWIV75.1%67.1%90.5%90.5%67.1%
Skew 25d-2.7%-4.7%0.8%0.5%-2.3%
Skew 10d-3.8%-9.2%5.3%4.2%-2.4%
Call IV 25d76.8%69.9%83.7%83.7%69.9%
Put IV 25d74.0%67.7%84.2%84.2%67.7%
Bid-Ask Spread %5.932.4618.994.553.00
Gamma HHI0.070.040.350.080.35
Net GEX1.8M13.9K8.5M2.0M8.5M
Net DEX-193.6M-291.3M-91.9M-91.9M-291.3M
Net VEX-2.3M-2.5M-1.9M-1.9M-2.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.651.831.320.81
Total Volume20,612.66710,33237,04528,48625,550
Total OI339,088.524265,672402,503354,663305,646

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$42.77$40.0082.2%25.2%94.7%15.3%90.5%0.5%-1.9%2.0M-91.9M-1.9M1.324.55N/AN/A12,28316,203129,452225,211
2023-06-02$43.37$40.0078.4%23.6%80.2%8.2%84.4%-1.3%-1.9%969.5K-107.1M-2.0M1.143.74N/AN/A7,7798,843134,087236,532
2023-06-05$46.12$45.0077.6%21.8%75.0%6.7%78.2%-1.9%0.2%13.9K-105.6M-2.0M1.838.16N/AN/A8,64515,831118,933226,471
2023-06-06$49.47$45.0075.6%21.4%78.2%2.9%75.8%0.8%0.0%751.7K-167.1M-2.1M1.3313.39N/AN/A15,89721,148122,753233,335
2023-06-07$49.26$45.0074.1%21.5%70.9%0.0%76.1%-4.1%0.7%1.0M-175.4M-2.2M1.0318.99N/AN/A9,6649,908131,967248,940
2023-06-08$53.30$45.0074.5%21.4%71.8%0.7%75.7%-4.3%-0.5%2.2M-257.3M-2.3M1.004.78N/AN/A11,83411,867136,506252,703
2023-06-09$51.80$50.0072.7%20.9%73.8%0.0%73.8%-3.4%0.2%973.4K-220.1M-2.3M1.092.96N/AN/A9,22310,057141,006261,497
2023-06-12$51.36$50.0074.7%21.6%70.6%3.6%77.5%-3.5%0.6%589.5K-185.5M-2.2M0.894.58N/AN/A5,7855,134132,546250,431
2023-06-13$51.45$50.0074.1%21.3%69.8%2.4%76.8%-3.1%0.1%701.5K-190.5M-2.2M1.174.20N/AN/A5,0865,960134,792251,721
2023-06-14$52.93$50.0073.4%21.5%68.4%1.2%75.5%-4.7%1.3%1.2M-219.3M-2.3M0.655.85N/AN/A10,5786,835136,161255,450
2023-06-15$53.39$50.0072.9%21.2%68.2%0.3%74.9%-3.3%1.4%1.5M-233.4M-2.3M0.814.10N/AN/A7,1665,800139,591257,931
2023-06-16$54.98$50.0072.0%20.7%68.2%0.0%73.1%-3.3%0.0%4.1M-267.5M-2.3M1.006.30N/AN/A12,56212,547141,383258,556
2023-06-20$56.09$50.0075.6%21.7%58.9%6.5%76.0%-3.7%-0.4%1.1M-156.1M-2.3M1.2814.33N/AN/A7,7949,998101,661164,011
2023-06-21$55.91$54.0072.8%20.9%57.0%1.5%73.7%-3.0%0.3%1.3M-151.5M-2.3M0.892.46N/AN/A5,4784,854105,128169,364
2023-06-22$56.69$54.0072.2%20.7%57.1%0.4%72.3%-3.2%0.4%1.7M-164.7M-2.3M0.733.67N/AN/A12,3359,058106,868171,322
2023-06-23$57.47$57.0070.8%20.2%56.2%0.0%70.6%-2.9%1.5%2.3M-174.2M-2.3M0.846.50N/AN/A12,44410,504110,163176,116
2023-06-26$59.62$57.0072.3%20.6%55.4%2.7%72.7%-2.6%7.5%988.9K-183.0M-2.4M0.933.37N/AN/A7,9937,429103,687170,949
2023-06-27$64.17$57.0071.6%20.3%57.7%1.5%72.0%-3.7%9.9%2.3M-263.6M-2.4M1.323.29N/AN/A13,52417,807108,224174,036
2023-06-28$62.72$57.0070.9%19.8%51.8%0.2%70.9%-2.4%10.4%1.5M-226.1M-2.5M1.623.55N/AN/A9,01614,594111,788181,435
2023-06-29$63.00$57.0072.4%19.5%51.0%3.0%70.4%-2.1%16.6%1.4M-235.1M-2.5M1.062.83N/AN/A8,6849,169115,369187,137
2023-06-30$65.35$57.0073.2%18.8%49.1%4.3%67.1%-2.3%17.9%8.5M-291.3M-2.5M0.813.00N/AN/A14,14711,403116,775188,871