W Options History — May 2024

In May 2024, W traded between $51.33 and $72.94. ATM implied volatility averaged 56.9%, placing in the 6.4% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded below realized volatility by 20.7% (HV 20d: 77.6%). Max pain ranged from $55.00 to $65.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.69.

Notable Days

  • 2024-05-01: Highest Volume — 59,840 contracts
  • 2024-05-02: Largest IV drop — 28.3% change
  • 2024-05-01: Highest IV Rank — 55.9%
  • 2024-05-01: Largest Expected Move — 29.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$64.66$51.33$72.94$51.33$58.95
Max Pain$61.41$55.00$65.00$56.00$65.00
ATM IV56.9%52.0%84.5%84.5%53.5%
Expected Move16.6%14.8%29.2%29.2%15.8%
HV 20d77.6%61.4%87.4%61.4%62.2%
HV 60d64.6%60.0%68.0%60.0%62.3%
IV Rank6.4%0.0%55.9%55.9%3.0%
IV Percentile5.7%0.0%73.0%73.0%1.2%
Term Structure-1.2%-10.3%2.7%-6.6%-10.3%
VWIV58.1%52.2%101.2%101.2%55.9%
Skew 25d-0.7%-1.8%0.9%0.0%-0.7%
Skew 10d-0.2%-4.3%3.9%3.9%-1.5%
Call IV 25d57.7%53.3%83.8%83.8%56.5%
Put IV 25d56.9%52.4%83.8%83.8%55.9%
Bid-Ask Spread %20.6310.4238.4411.7321.79
Gamma HHI0.100.060.240.060.08
Net GEX5.4M319.7K12.1M811.1K1.5M
Net DEX-322.7M-665.4M-15.2M-15.2M-79.7M
Net VEX-2.8M-3.0M-2.5M-2.5M-2.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.221.490.580.41
Total Volume25,700.3189,05059,84059,84020,706
Total OI356,794315,855400,095350,069346,221

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$51.33$56.0084.5%29.2%61.4%55.9%101.2%0.0%-6.6%811.1K-15.2M-2.5M0.5811.73N/AN/A37,87221,968166,048184,021
2024-05-02$57.73$56.0060.6%18.4%76.3%10.3%64.8%-1.5%-0.2%6.9M-247.1M-2.6M0.5520.15N/AN/A30,29816,525181,420195,798
2024-05-03$63.23$59.0057.6%16.8%83.4%4.5%59.0%-1.7%0.6%6.6M-466.3M-2.7M0.6036.24N/AN/A21,58012,972182,216200,468
2024-05-06$68.41$55.0058.5%16.6%87.4%7.0%58.2%-1.5%0.7%7.6M-512.8M-2.7M0.4814.28N/AN/A19,5099,383162,814184,066
2024-05-07$69.16$55.0056.6%16.2%87.0%3.0%57.6%0.2%0.0%8.7M-536.0M-2.7M0.6816.56N/AN/A8,8606,029166,760188,404
2024-05-08$67.85$55.0057.0%15.9%81.5%3.8%52.2%-0.5%1.3%8.0M-481.7M-2.7M0.6118.48N/AN/A14,8048,985169,588191,299
2024-05-09$72.94$55.0056.1%16.2%84.7%1.9%56.9%-1.2%-0.1%11.6M-665.4M-2.7M0.8619.08N/AN/A15,91713,666171,146195,336
2024-05-10$70.66$60.0055.3%15.8%83.8%0.2%55.2%0.9%2.7%12.1M-577.4M-2.8M1.4117.81N/AN/A12,57017,755177,775203,006
2024-05-13$71.61$60.0057.5%16.5%79.0%4.9%58.5%0.0%-0.6%8.2M-561.4M-2.8M0.4621.67N/AN/A33,53015,576167,134191,849
2024-05-14$71.27$60.0062.0%16.6%78.7%14.3%58.5%-1.8%-7.4%8.6M-571.1M-2.9M0.7222.93N/AN/A26,50019,182180,024196,608
2024-05-15$71.38$65.0054.7%15.5%78.3%0.0%55.3%-1.6%-1.1%9.6M-552.0M-3.0M0.6021.89N/AN/A13,1787,846189,895199,848
2024-05-16$68.43$65.0054.2%15.5%80.4%0.0%54.7%-1.2%0.1%5.7M-414.3M-3.0M0.4937.81N/AN/A15,5037,603191,611202,172
2024-05-17$67.40$65.0052.0%14.8%79.7%0.0%52.2%-0.9%-1.1%3.9M-368.4M-3.0M1.0038.44N/AN/A6,7466,754195,804204,291
2024-05-20$66.84$65.0052.5%15.0%79.7%1.0%53.4%-0.9%0.5%4.9M-279.0M-2.9M0.6610.42N/AN/A6,8224,479151,808164,047
2024-05-21$64.34$65.0053.8%15.4%79.7%3.7%54.0%-1.0%-0.1%3.5M-214.3M-2.9M0.6017.43N/AN/A15,9109,611155,789166,842
2024-05-22$62.28$65.0054.4%15.6%73.8%4.8%54.9%-0.9%-1.7%3.3M-156.0M-2.9M0.7517.10N/AN/A5,1703,880163,631169,220
2024-05-23$60.68$65.0053.7%15.4%73.1%3.4%55.6%-0.9%-0.5%1.6M-94.5M-2.8M0.3923.54N/AN/A10,2233,952166,610170,392
2024-05-24$61.67$65.0053.2%15.3%73.1%2.4%53.0%-0.7%0.1%1.6M-137.3M-2.8M1.4912.41N/AN/A4,0386,008172,250172,094
2024-05-28$59.39$65.0055.1%15.8%74.5%6.1%55.3%0.4%-1.2%1.3M-70.6M-2.7M0.7219.30N/AN/A9,8527,121160,304168,371
2024-05-29$58.00$65.0055.1%15.8%74.7%6.1%55.6%-0.4%-0.0%319.7K-21.5M-2.6M0.9619.11N/AN/A8,5188,155164,920173,416
2024-05-30$58.91$65.0054.0%15.8%74.7%3.9%56.6%-0.1%-2.4%1.8M-78.3M-2.7M0.2215.66N/AN/A16,2953,556170,640173,512
2024-05-31$58.95$65.0053.5%15.8%62.2%3.0%55.9%-0.7%-10.3%1.5M-79.7M-2.7M0.4121.79N/AN/A14,7215,985171,554174,667