W Options History — October 2023

In October 2023, W traded between $39.46 and $62.33. ATM implied volatility averaged 90.3%, placing in the 50.6% IV rank vs the trailing year. The 30-day expected move averaged 25.6%. IV traded above realized volatility by 22.8% (HV 20d: 67.5%). Max pain ranged from $50.00 to $70.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 1.79.

Notable Days

  • 2023-10-12: Highest Volume — 53,352 contracts
  • 2023-10-03: Largest IV spike — 13.1% change
  • 2023-10-26: Highest IV Rank — 60.9%
  • 2023-10-30: Largest Expected Move — 29.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.60$39.46$62.33$62.33$42.75
Max Pain$59.55$50.00$70.00$60.00$50.00
ATM IV90.3%77.3%96.0%77.3%90.2%
Expected Move25.6%17.6%29.8%17.6%29.7%
HV 20d67.5%56.4%74.7%56.4%62.1%
HV 60d67.9%61.1%71.6%64.4%61.7%
IV Rank50.6%30.7%60.9%30.7%57.6%
IV Percentile49.3%29.8%69.4%29.8%48.0%
Term Structure-3.4%-5.1%-1.7%-1.7%-2.7%
VWIV90.6%62.0%106.4%62.0%105.9%
Skew 25d4.7%2.9%6.1%2.9%5.3%
Skew 10d8.3%4.5%12.2%5.1%12.2%
Call IV 25d89.4%80.8%96.7%80.8%87.6%
Put IV 25d94.1%83.8%102.4%83.8%92.9%
Bid-Ask Spread %17.355.0636.7610.088.70
Gamma HHI0.080.060.240.060.06
Net GEX-2.9M-6.2M-966.2K-1.1M-2.0M
Net DEX130.2M-53.7M210.9M-53.7M142.2M
Net VEX-2.2M-2.6M-2.0M-2.6M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.790.604.760.750.76
Total Volume22,467.2739,58353,3529,58339,813
Total OI350,798.182319,684375,669319,684364,863

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$62.33$60.0077.3%17.6%56.4%30.7%62.0%2.9%-1.7%-1.1M-53.7M-2.6M0.7510.08N/AN/A5,4864,097125,683194,001
2023-10-03$56.17$60.0087.5%20.9%63.9%44.7%72.3%3.8%-2.4%-2.3M65.9M-2.4M1.5517.06N/AN/A8,70413,477129,576196,326
2023-10-04$57.81$60.0087.6%19.1%65.1%45.0%67.4%3.1%-2.9%-1.9M39.6M-2.5M0.758.44N/AN/A5,6854,265132,557200,377
2023-10-05$55.23$70.0090.0%24.1%66.2%48.3%84.2%3.6%-4.3%-2.7M91.7M-2.4M2.9724.25N/AN/A5,81017,246134,927202,224
2023-10-06$57.30$70.0087.7%23.7%68.2%45.0%83.7%3.3%-4.4%-966.2K31.5M-2.4M1.4026.01N/AN/A4,7386,625136,602202,063
2023-10-09$53.52$70.0087.9%24.0%67.1%45.3%84.7%3.9%-3.0%-2.3M100.9M-2.2M0.7327.14N/AN/A12,9319,381127,358196,318
2023-10-10$55.49$70.0086.2%23.7%68.8%43.0%83.4%3.2%-3.1%-1.9M62.4M-2.3M0.6121.21N/AN/A11,9797,289134,265200,612
2023-10-11$54.77$70.0086.6%23.9%68.5%43.5%84.1%4.2%-3.2%-1.6M78.2M-2.3M1.0318.84N/AN/A8,5418,834141,511203,678
2023-10-12$50.42$70.0086.7%24.1%72.7%43.7%84.0%4.2%-3.4%-3.6M156.5M-2.2M1.5022.09N/AN/A21,30732,045146,649207,158
2023-10-13$47.20$60.0092.3%25.9%74.7%51.4%89.8%5.3%-2.7%-6.2M172.6M-2.2M3.3213.32N/AN/A9,48031,459149,966212,109
2023-10-16$47.84$60.0087.4%24.7%68.7%44.6%87.5%5.0%-2.9%-3.5M146.4M-2.3M1.2112.10N/AN/A5,3376,445141,164213,133
2023-10-17$47.24$60.0091.5%26.1%68.4%50.4%90.4%5.5%-4.7%-3.4M152.9M-2.3M3.3515.88N/AN/A6,33821,242143,968215,121
2023-10-18$44.94$60.0095.2%27.3%69.2%55.4%98.9%5.9%-4.6%-3.6M182.5M-2.1M3.5532.22N/AN/A8,40029,841145,409211,244
2023-10-19$43.88$60.0094.7%27.4%68.0%56.8%96.8%5.3%-5.0%-3.7M193.3M-2.1M1.5231.50N/AN/A4,5306,868148,945218,818
2023-10-20$43.84$60.0095.8%28.0%68.2%58.4%102.6%5.7%-5.1%-5.9M195.2M-2.1M4.7636.76N/AN/A4,32420,569150,774220,222
2023-10-23$42.50$50.0096.0%28.8%68.4%58.6%101.9%5.5%-3.4%-3.0M181.5M-2.1M1.469.45N/AN/A7,36810,738133,310214,312
2023-10-24$43.16$50.0094.5%28.7%68.7%56.8%99.6%5.0%-3.5%-2.6M171.7M-2.1M1.4016.24N/AN/A4,4906,307137,799219,454
2023-10-25$40.69$50.0094.6%29.2%68.2%57.0%100.9%6.1%-3.1%-3.1M208.8M-2.0M0.6011.05N/AN/A12,6627,633140,291221,327
2023-10-26$39.46$50.0094.8%29.6%67.5%60.9%103.3%6.1%-3.0%-2.8M210.9M-2.0M1.945.06N/AN/A10,14319,676150,329220,872
2023-10-27$40.77$50.0091.7%28.4%68.2%57.8%103.8%5.3%-2.2%-2.4M177.7M-2.0M2.678.93N/AN/A5,20913,901157,528218,141
2023-10-30$41.84$50.0091.2%29.8%68.4%57.7%106.4%5.3%-2.8%-2.1M154.8M-2.0M1.595.45N/AN/A5,0388,029145,988210,588
2023-10-31$42.75$50.0090.2%29.7%62.1%57.6%105.9%5.3%-2.7%-2.0M142.2M-2.0M0.768.70N/AN/A22,60817,205149,338215,525