W Options History — April 2024

In April 2024, W traded between $50.41 and $66.83. ATM implied volatility averaged 80.1%, placing in the 47.6% IV rank vs the trailing year. The 30-day expected move averaged 22.7%. IV traded above realized volatility by 25.9% (HV 20d: 54.3%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.83.

Notable Days

  • 2024-04-10: Highest Volume — 42,357 contracts
  • 2024-04-02: Largest IV spike — 10.9% change
  • 2024-04-04: Highest IV Rank — 56.1%
  • 2024-04-30: Largest Expected Move — 28.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.19$50.41$66.83$65.73$50.41
Max Pain$55.64$50.00$60.00$60.00$56.00
ATM IV80.1%71.8%84.6%71.8%82.6%
Expected Move22.7%17.2%28.3%17.5%28.3%
HV 20d54.3%46.9%62.7%48.2%60.5%
HV 60d59.9%57.6%62.5%59.7%60.6%
IV Rank47.6%31.6%56.1%31.6%52.3%
IV Percentile65.0%48.0%71.0%48.0%70.6%
Term Structure-2.9%-4.9%5.2%2.9%-3.2%
VWIV79.3%61.3%98.2%61.5%98.2%
Skew 25d0.6%-1.4%2.9%-0.7%0.2%
Skew 10d2.5%-2.6%7.5%-0.7%2.2%
Call IV 25d80.5%75.2%85.5%77.2%81.4%
Put IV 25d81.1%76.5%85.2%76.5%81.6%
Bid-Ask Spread %17.505.1632.7515.0814.70
Gamma HHI0.060.050.070.070.06
Net GEX1.2M-2.1M6.1M3.1M525.3K
Net DEX-119.7M-348.0M34.0M-301.9M9.4M
Net VEX-2.5M-2.6M-2.4M-2.6M-2.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.102.171.171.15
Total Volume19,416.8647,79642,35717,57212,973
Total OI343,948306,001375,927320,183343,459

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$65.73$60.0071.8%17.5%48.2%31.6%61.5%-0.7%2.9%3.1M-301.9M-2.6M1.1715.08N/AN/A8,0989,474148,579171,604
2024-04-02$63.63$60.0079.6%17.2%49.1%46.6%61.3%-1.4%-3.8%1.7M-232.5M-2.6M0.415.16N/AN/A10,3214,275152,036175,953
2024-04-03$62.74$60.0083.5%17.6%48.0%53.9%61.4%-0.1%-3.5%1.3M-210.9M-2.6M0.925.18N/AN/A4,0683,728156,822177,755
2024-04-04$62.94$50.0084.6%22.6%48.0%56.1%79.2%-0.6%-4.8%1.4M-217.5M-2.6M0.7414.03N/AN/A10,5367,826158,270179,009
2024-04-05$63.06$50.0082.4%22.1%47.9%51.9%77.2%0.5%-4.4%2.7M-212.8M-2.6M1.2828.37N/AN/A4,9706,358162,344181,549
2024-04-08$65.05$50.0077.0%22.0%48.3%41.6%76.8%-0.3%5.2%4.3M-291.6M-2.6M0.5425.29N/AN/A7,4434,029154,741174,053
2024-04-09$66.83$50.0079.2%21.8%46.9%45.8%76.0%-0.4%-3.1%6.1M-348.0M-2.6M0.1017.16N/AN/A36,8283,814158,294176,040
2024-04-10$61.48$50.0078.5%21.8%54.7%44.5%76.0%1.6%-2.8%3.7M-189.5M-2.5M0.6423.75N/AN/A25,89216,465177,943177,537
2024-04-11$63.02$55.0076.7%21.2%53.2%41.0%74.1%-0.6%-3.5%4.6M-227.3M-2.6M0.7918.29N/AN/A8,1036,365179,728188,961
2024-04-12$60.31$55.0079.3%22.2%53.5%46.0%77.8%-0.7%-1.7%-34.3K-122.6M-2.6M2.1716.16N/AN/A5,69912,360183,113191,777
2024-04-15$56.39$55.0078.8%22.4%58.2%45.1%78.1%1.2%-3.3%-1.3M-34.8M-2.4M0.827.72N/AN/A18,36915,110162,576184,837
2024-04-16$55.67$55.0082.7%23.5%58.3%52.4%81.9%1.3%-3.2%-1.7M-15.5M-2.5M0.6125.37N/AN/A23,98314,576166,672190,974
2024-04-17$54.99$55.0081.7%23.4%58.4%50.5%81.9%1.7%-4.2%-1.2M-14.5M-2.5M0.7732.75N/AN/A6,6495,096176,494195,145
2024-04-18$54.62$55.0081.2%23.5%52.6%49.7%81.5%1.1%-4.2%-1.1M-12.6M-2.5M0.8829.92N/AN/A4,6254,082180,096194,248
2024-04-19$53.09$55.0082.6%24.1%51.9%52.3%84.1%1.1%-4.0%-2.1M34.0M-2.4M1.3126.86N/AN/A6,9429,119181,266194,661
2024-04-22$54.72$60.0079.7%23.8%53.1%46.8%83.3%1.2%-3.6%-136.0K-56.0M-2.4M0.819.44N/AN/A10,8728,848138,607167,394
2024-04-23$57.76$60.0077.0%23.2%57.4%41.6%80.4%2.9%-3.4%1.9M-140.2M-2.6M0.2212.10N/AN/A17,8883,975145,807172,742
2024-04-24$53.09$55.0083.8%25.5%62.7%54.7%88.5%2.4%-4.9%285.2K-41.9M-2.5M0.4818.77N/AN/A16,0817,766155,518172,503
2024-04-25$51.19$58.0079.1%24.4%60.5%45.6%84.7%1.2%-3.8%-13.1K5.0M-2.5M1.1012.47N/AN/A6,9457,611164,645176,287
2024-04-26$52.14$60.0079.7%24.9%61.3%46.8%86.9%0.9%-4.8%1.0M-6.5M-2.5M0.9812.43N/AN/A5,6145,479166,695180,639
2024-04-29$51.38$60.0081.5%27.3%60.9%50.1%94.9%1.8%-2.7%222.4K-5.6M-2.5M0.4513.92N/AN/A12,3355,581153,553175,930
2024-04-30$50.41$56.0082.6%28.3%60.5%52.3%98.2%0.2%-3.2%525.3K9.4M-2.5M1.1514.70N/AN/A6,0306,943163,513179,946