W Options History — July 2024

In July 2024, W traded between $48.48 and $57.39. ATM implied volatility averaged 81.7%, placing in the 60.2% IV rank vs the trailing year. The 30-day expected move averaged 23.2%. IV traded above realized volatility by 26.8% (HV 20d: 54.9%). Max pain ranged from $49.50 to $55.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.67.

Notable Days

  • 2024-07-26: Highest Volume — 44,439 contracts
  • 2024-07-31: Largest IV drop — 11.9% change
  • 2024-07-29: Highest IV Rank — 77.3%
  • 2024-07-29: Largest Expected Move — 28.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.90$48.48$57.39$50.27$54.74
Max Pain$54.27$49.50$55.00$50.00$55.00
ATM IV81.7%73.1%90.6%73.1%75.2%
Expected Move23.2%15.1%28.3%15.3%25.4%
HV 20d54.9%47.2%63.4%55.2%60.6%
HV 60d62.1%56.0%64.6%64.3%56.0%
IV Rank60.2%43.6%77.3%43.6%47.6%
IV Percentile73.4%63.9%86.9%63.9%64.7%
Term Structure-2.8%-12.5%7.8%3.6%-6.2%
VWIV81.0%52.1%98.6%54.4%87.9%
Skew 25d1.7%-4.2%13.8%7.4%-2.7%
Skew 10d3.7%-0.6%18.4%-0.0%0.9%
Call IV 25d80.5%69.6%88.9%69.6%79.2%
Put IV 25d82.2%76.5%92.3%77.0%76.5%
Bid-Ask Spread %18.149.2530.6118.2123.38
Gamma HHI0.070.050.100.070.05
Net GEX1.3M-3.7M6.1M786.4K1.2M
Net DEX-78.0M-271.1M85.4M-4.1M-85.1M
Net VEX-2.2M-2.3M-2.1M-2.2M-2.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.231.460.950.93
Total Volume18,307.5456,67344,43918,19641,241
Total OI312,869.909281,779342,561299,477304,364

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$50.27$50.0073.1%15.3%55.2%43.6%54.4%7.4%3.6%786.4K-4.1M-2.2M0.9518.21N/AN/A9,3268,870137,447162,030
2024-07-02$51.55$49.5074.7%15.1%56.1%46.7%52.1%-0.1%-3.4%1.3M-52.1M-2.3M0.8418.08N/AN/A6,3055,305143,345168,211
2024-07-03$51.55$49.5077.0%15.3%56.0%51.0%54.1%0.4%-1.6%1.7M-59.4M-2.3M0.3219.38N/AN/A5,0541,619147,358169,748
2024-07-05$51.72$55.0080.3%21.2%54.5%57.5%73.8%-0.7%0.2%2.9M-64.2M-2.3M1.4624.68N/AN/A4,5306,626148,290170,274
2024-07-08$52.89$55.0083.4%21.4%54.7%63.5%74.6%2.3%-12.5%2.5M-96.7M-2.3M0.3521.25N/AN/A8,7263,019142,437163,260
2024-07-09$52.89$55.0077.6%21.6%51.0%52.2%75.6%-0.5%-1.6%3.1M-100.5M-2.3M0.7730.61N/AN/A7,6095,859147,179164,312
2024-07-10$52.99$55.0085.9%22.3%50.6%68.2%78.2%0.8%-3.2%3.4M-114.2M-2.3M0.7728.19N/AN/A5,1083,935152,152167,643
2024-07-11$55.52$55.0078.3%21.7%53.4%53.6%76.2%0.4%-2.8%6.1M-202.2M-2.3M0.5925.74N/AN/A10,9276,497153,979170,058
2024-07-12$57.39$55.0080.3%22.1%53.6%57.5%77.3%-0.6%-5.8%4.7M-271.1M-2.3M0.5018.91N/AN/A27,48113,667155,896170,890
2024-07-15$53.78$55.0080.5%22.8%47.2%57.8%79.1%-0.4%-3.6%1.3M-108.6M-2.2M0.2320.14N/AN/A20,4964,757150,765170,057
2024-07-16$57.00$55.0082.1%23.3%48.3%60.9%81.3%-0.8%-4.0%3.6M-234.3M-2.3M0.4516.43N/AN/A9,6374,313159,948171,604
2024-07-17$54.16$55.0083.6%24.0%51.1%63.8%83.5%0.5%-2.8%2.4M-134.2M-2.3M0.6616.30N/AN/A12,0127,873162,734171,903
2024-07-18$52.54$55.0084.4%24.3%51.7%65.3%84.9%0.5%-2.9%2.2M-81.3M-2.2M0.3118.80N/AN/A13,5054,176165,716172,873
2024-07-19$51.55$55.0087.8%25.8%52.2%72.0%89.5%0.8%-6.9%-2.2M-69.0M-2.2M1.2928.08N/AN/A4,3485,608169,484173,077
2024-07-22$51.22$55.0084.0%25.1%52.1%64.6%87.4%4.8%-4.1%-705.0K17.1M-2.1M1.4311.36N/AN/A8,34411,948121,432160,347
2024-07-23$52.57$55.0082.7%25.6%52.9%62.1%89.2%1.7%-2.9%-803.0K-12.8M-2.2M0.639.25N/AN/A5,2153,268124,319170,740
2024-07-24$48.48$55.0085.8%27.4%59.3%68.1%94.4%-4.2%2.2%-3.7M85.4M-2.1M0.839.31N/AN/A10,6408,855126,215172,372
2024-07-25$49.88$55.0080.6%27.5%60.2%58.1%96.2%0.4%7.8%-2.7M38.7M-2.2M0.469.70N/AN/A8,0113,653132,165176,377
2024-07-26$53.06$55.0084.3%27.3%63.2%65.2%95.3%7.4%0.9%998.8K-53.5M-2.3M0.3810.21N/AN/A32,11712,322134,667176,976
2024-07-29$54.16$55.0090.6%28.3%63.4%77.3%97.5%13.8%-3.8%501.1K-62.2M-2.3M0.4110.49N/AN/A7,7683,197122,300165,247
2024-07-30$53.88$55.0085.4%28.2%61.0%67.3%98.6%6.3%-8.4%431.2K-52.6M-2.2M0.2910.47N/AN/A14,6744,325125,447167,500
2024-07-31$54.74$55.0075.2%25.4%60.6%47.6%87.9%-2.7%-6.2%1.2M-85.1M-2.2M0.9323.38N/AN/A21,42019,821134,246170,118