W Options History — August 2024

In August 2024, W traded between $38.18 and $48.86. ATM implied volatility averaged 61.2%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded below realized volatility by 19.2% (HV 20d: 80.4%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.71.

Notable Days

2024-08-01: Highest Volume — 40,397 contracts
2024-08-02: Largest IV spike — 12.5% change
2024-08-05: Highest IV Rank — 45.2%
2024-08-05: Largest Expected Move — 20.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.11	$38.18	$48.86	$48.86	$42.45
Max Pain	$48.64	$45.00	$55.00	$55.00	$45.00
ATM IV	61.2%	56.0%	73.9%	60.5%	56.4%
Expected Move	17.7%	15.8%	20.3%	19.6%	15.8%
HV 20d	80.4%	73.0%	86.4%	73.4%	76.0%
HV 60d	63.2%	56.8%	68.1%	57.9%	67.7%
IV Rank	20.6%	10.6%	45.2%	19.3%	11.3%
IV Percentile	26.6%	13.1%	65.1%	20.6%	15.1%
Term Structure	-0.6%	-15.4%	11.5%	-2.7%	1.3%
VWIV	61.3%	54.5%	68.9%	68.2%	54.5%
Skew 25d	4.3%	-3.7%	13.1%	1.0%	2.1%
Skew 10d	9.5%	4.0%	28.2%	4.0%	4.7%
Call IV 25d	59.6%	52.7%	69.7%	65.4%	54.9%
Put IV 25d	63.9%	57.1%	75.0%	66.4%	57.1%
Bid-Ask Spread %	17.29	6.35	39.57	30.00	8.48
Gamma HHI	0.09	0.06	0.15	0.06	0.07
Net GEX	-1.1M	-5.3M	1.8M	-3.9M	-640.0K
Net DEX	83.9M	-29.2M	184.0M	107.4M	58.8M
Net VEX	-1.8M	-2.0M	-1.6M	-2.0M	-1.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.14	1.97	0.87	0.20
Total Volume	20,313.136	5,351	40,397	40,397	21,720
Total OI	300,948.227	260,366	339,659	330,923	292,435

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-08-01	$48.86	$55.00	60.5%	19.6%	73.4%	19.3%	68.2%	1.0%	-2.7%	-3.9M	107.4M	-2.0M	0.87	30.00	N/A	N/A	21,626	18,771	147,339	183,584
2024-08-02	$47.29	$55.00	68.1%	20.0%	74.2%	34.0%	68.9%	10.5%	-2.4%	-5.3M	143.9M	-2.0M	0.69	10.22	N/A	N/A	14,571	10,111	153,744	185,915
2024-08-05	$44.45	$50.00	73.9%	20.3%	76.1%	45.2%	68.7%	5.3%	-15.4%	-1.9M	127.4M	-1.9M	1.97	39.57	N/A	N/A	6,733	13,267	136,459	166,768
2024-08-06	$43.74	$50.00	65.3%	18.6%	76.1%	28.4%	63.5%	4.9%	-0.5%	-2.6M	148.3M	-1.9M	0.85	9.45	N/A	N/A	9,117	7,778	140,140	170,078
2024-08-07	$40.71	$50.00	67.0%	19.4%	79.1%	31.8%	66.5%	8.8%	-1.3%	-3.1M	184.0M	-1.7M	1.10	29.82	N/A	N/A	7,780	8,592	143,284	169,191
2024-08-08	$41.16	$50.00	64.3%	18.4%	76.5%	26.6%	61.5%	13.1%	6.7%	-3.0M	141.5M	-1.7M	0.58	25.76	N/A	N/A	16,433	9,486	146,836	162,384
2024-08-09	$39.63	$50.00	61.9%	17.8%	74.7%	22.0%	61.4%	5.3%	0.4%	-3.5M	166.5M	-1.7M	0.72	13.25	N/A	N/A	11,083	7,952	158,866	166,403
2024-08-12	$38.18	$50.00	63.8%	18.0%	73.0%	25.5%	62.5%	8.5%	-3.5%	-3.6M	174.0M	-1.6M	1.12	7.07	N/A	N/A	7,973	8,942	144,241	162,952
2024-08-13	$42.19	$50.00	60.0%	18.2%	79.9%	18.3%	62.1%	-2.1%	11.5%	-957.0K	74.0M	-1.8M	0.44	25.05	N/A	N/A	21,397	9,403	150,120	164,334
2024-08-14	$40.76	$50.00	63.4%	17.5%	79.1%	24.8%	60.0%	6.2%	-0.5%	-2.1M	111.1M	-1.8M	0.52	38.14	N/A	N/A	6,519	3,408	151,643	166,007
2024-08-15	$44.42	$50.00	58.3%	16.9%	86.4%	15.0%	58.9%	2.2%	-0.4%	1.3M	11.4M	-1.9M	0.39	20.90	N/A	N/A	16,805	6,515	154,472	167,148
2024-08-16	$44.30	$50.00	57.5%	16.6%	86.3%	13.4%	57.8%	6.9%	0.4%	1.6M	18.9M	-1.9M	0.67	17.90	N/A	N/A	11,031	7,347	157,387	170,078
2024-08-19	$44.23	$50.00	56.1%	16.1%	86.4%	10.8%	57.3%	2.8%	1.0%	-149.3K	37.4M	-1.9M	0.86	20.58	N/A	N/A	5,182	4,474	113,645	146,721
2024-08-20	$42.32	$50.00	57.7%	16.6%	86.4%	13.9%	58.5%	3.0%	0.4%	-1.1M	77.4M	-1.8M	0.57	9.97	N/A	N/A	7,324	4,152	116,613	149,763
2024-08-21	$43.50	$45.00	59.3%	17.0%	83.2%	16.9%	59.8%	2.7%	1.7%	-378.0K	44.5M	-1.9M	0.14	10.49	N/A	N/A	30,146	4,238	121,268	152,282
2024-08-22	$41.83	$45.00	60.1%	17.2%	83.0%	18.5%	60.4%	3.0%	0.9%	1.3M	77.7M	-1.8M	0.18	16.04	N/A	N/A	30,434	5,459	148,171	154,496
2024-08-23	$45.55	$45.00	56.0%	16.9%	86.0%	10.6%	59.0%	1.7%	-15.2%	1.8M	-29.2M	-1.9M	0.27	16.28	N/A	N/A	23,046	6,195	129,146	155,141
2024-08-26	$44.70	$45.00	60.1%	17.1%	85.4%	18.4%	61.9%	-3.7%	-0.1%	1.3M	10.1M	-1.9M	1.01	10.64	N/A	N/A	7,958	8,064	123,391	147,430
2024-08-27	$43.55	$45.00	59.8%	17.3%	85.6%	18.0%	60.1%	1.4%	2.4%	638.0K	33.9M	-1.9M	0.67	6.90	N/A	N/A	6,511	4,371	127,541	151,768
2024-08-28	$42.34	$45.00	58.9%	17.0%	85.2%	16.2%	60.0%	7.0%	2.5%	-127.1K	60.0M	-1.8M	0.87	6.35	N/A	N/A	2,861	2,490	130,937	153,836
2024-08-29	$42.16	$45.00	57.7%	16.5%	76.5%	13.9%	57.5%	3.7%	0.0%	-366.0K	66.4M	-1.8M	0.99	7.61	N/A	N/A	4,845	4,779	132,288	154,616
2024-08-30	$42.45	$45.00	56.4%	15.8%	76.0%	11.3%	54.5%	2.1%	1.3%	-640.0K	58.8M	-1.8M	0.20	8.48	N/A	N/A	18,176	3,544	134,934	157,501