W Options History — March 2024

In March 2024, W traded between $59.48 and $67.92. ATM implied volatility averaged 64.5%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 18.4%. IV traded above realized volatility by 4.3% (HV 20d: 60.1%). Max pain ranged from $48.50 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.55.

Notable Days

  • 2024-03-12: Highest Volume — 40,483 contracts
  • 2024-03-06: Largest IV spike — 6.1% change
  • 2024-03-06: Highest IV Rank — 26.7%
  • 2024-03-06: Largest Expected Move — 19.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.48$59.48$67.92$59.95$67.92
Max Pain$59.42$48.50$60.00$48.50$60.00
ATM IV64.5%60.5%69.2%66.5%61.6%
Expected Move18.4%16.6%19.8%19.1%16.6%
HV 20d60.1%45.2%68.7%68.5%46.2%
HV 60d64.1%60.3%70.1%70.1%60.6%
IV Rank17.7%10.1%26.7%21.5%12.1%
IV Percentile15.9%5.6%33.7%21.0%8.3%
Term Structure3.9%-0.9%13.1%1.6%11.9%
VWIV64.9%58.3%70.7%67.6%58.3%
Skew 25d-2.3%-7.9%-0.6%-1.6%-2.0%
Skew 10d-1.3%-7.5%6.5%-1.3%-1.3%
Call IV 25d65.9%60.1%71.3%68.1%60.9%
Put IV 25d63.7%58.9%68.3%66.4%58.9%
Bid-Ask Spread %17.595.9038.569.895.90
Gamma HHI0.100.050.410.410.14
Net GEX7.0M2.7M14.9M14.9M9.3M
Net DEX-356.3M-492.3M-234.1M-376.7M-395.2M
Net VEX-2.4M-2.7M-2.3M-2.3M-2.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.271.140.690.50
Total Volume20,171.457,52440,48321,19723,304
Total OI329,919.85290,396360,248348,907331,166

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$59.95$48.5066.5%19.1%68.5%21.5%67.6%-1.6%1.6%14.9M-376.7M-2.3M0.699.89N/AN/A12,5398,658173,667175,240
2024-03-04$61.63$60.0069.0%19.4%68.7%26.3%68.6%-5.8%0.3%6.9M-387.1M-2.3M0.5123.29N/AN/A14,3677,300160,834168,227
2024-03-05$59.77$60.0065.2%19.4%67.6%19.1%69.4%-7.9%-0.9%6.2M-328.8M-2.3M0.9025.83N/AN/A6,9626,289165,621171,832
2024-03-06$59.52$60.0069.2%19.8%67.2%26.7%69.8%-2.4%0.9%6.4M-328.1M-2.4M0.4429.07N/AN/A9,3564,154169,674172,613
2024-03-07$59.99$60.0069.1%19.7%66.3%26.5%70.7%-0.9%1.0%7.0M-343.7M-2.4M0.8023.15N/AN/A7,9556,340171,887173,602
2024-03-08$61.59$60.0067.7%19.1%65.6%23.8%68.1%-1.9%8.9%9.6M-400.8M-2.4M0.2719.46N/AN/A24,8946,724175,422176,794
2024-03-11$59.48$60.0067.4%19.0%67.2%23.2%67.8%-3.9%-0.6%6.2M-313.6M-2.3M0.5417.34N/AN/A10,4445,593167,570170,049
2024-03-12$61.91$60.0064.5%18.7%67.4%17.6%66.3%-1.8%0.6%7.7M-400.4M-2.4M0.7026.61N/AN/A23,83816,645172,461173,526
2024-03-13$64.61$60.0066.0%18.8%59.7%20.6%66.6%-2.3%-0.9%9.0M-492.3M-2.5M0.4038.56N/AN/A19,7027,939178,348173,749
2024-03-14$62.02$60.0063.8%18.3%62.0%16.3%64.8%-1.5%-0.1%9.4M-406.9M-2.5M0.4720.50N/AN/A8,6934,047184,054176,194
2024-03-15$60.97$60.0063.6%18.3%62.5%16.0%64.7%-2.2%0.3%5.2M-370.0M-2.4M1.1418.31N/AN/A3,5154,009182,469177,638
2024-03-18$60.59$60.0063.4%18.2%62.7%15.6%63.9%-0.6%0.7%2.7M-239.2M-2.4M0.6712.72N/AN/A5,3633,615134,109156,287
2024-03-19$60.28$60.0062.2%17.8%60.5%13.3%63.2%-1.2%5.9%2.7M-234.1M-2.4M0.5010.28N/AN/A12,8046,347137,039158,662
2024-03-20$64.21$60.0063.0%18.1%61.7%15.0%62.3%-1.9%2.9%5.7M-350.7M-2.5M0.3318.57N/AN/A13,2804,374144,219162,447
2024-03-21$65.55$60.0061.2%17.5%51.6%11.5%61.4%-1.3%0.9%7.5M-412.4M-2.5M0.4013.99N/AN/A13,6985,425152,211163,817
2024-03-22$63.42$60.0060.5%16.9%52.6%10.1%59.9%-1.1%7.6%6.0M-345.5M-2.5M0.529.07N/AN/A9,8325,088156,331165,373
2024-03-25$63.45$60.0062.0%17.6%52.6%13.0%62.3%-1.1%11.7%4.4M-278.3M-2.5M0.308.34N/AN/A11,1053,372141,293160,574
2024-03-26$65.11$60.0061.9%17.6%45.2%12.8%61.7%-2.4%11.6%5.7M-320.5M-2.6M0.327.59N/AN/A20,9636,730144,678162,176
2024-03-27$67.73$60.0061.6%17.4%46.7%12.1%61.3%-1.4%13.1%8.1M-401.9M-2.7M0.5813.26N/AN/A24,21713,949150,511166,033
2024-03-28$67.92$60.0061.6%16.6%46.2%12.1%58.3%-2.0%11.9%9.3M-395.2M-2.7M0.505.90N/AN/A15,5557,749155,668175,498