W Options History — November 2024

In November 2024, W traded between $38.02 and $48.23. ATM implied volatility averaged 62.8%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded below realized volatility by 5.1% (HV 20d: 67.9%). Max pain ranged from $45.00 to $48.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.48.

Notable Days

  • 2024-11-01: Highest Volume — 82,613 contracts
  • 2024-11-04: Largest IV drop — 12.2% change
  • 2024-11-01: Highest IV Rank — 39.8%
  • 2024-11-01: Largest Expected Move — 25.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.65$38.02$48.23$39.36$46.65
Max Pain$45.15$45.00$48.00$48.00$45.00
ATM IV62.8%57.9%71.1%71.1%57.9%
Expected Move18.5%17.0%25.8%25.8%17.4%
HV 20d67.9%48.3%79.3%48.3%79.3%
HV 60d59.4%56.5%61.9%60.1%60.9%
IV Rank23.7%14.3%39.8%39.8%14.3%
IV Percentile32.0%17.9%61.9%61.9%17.9%
Term Structure0.5%-9.2%11.4%-9.2%-0.2%
VWIV64.4%58.8%89.4%89.4%60.7%
Skew 25d1.4%-5.9%16.3%1.7%1.9%
Skew 10d6.2%-21.9%38.1%20.8%2.0%
Call IV 25d63.6%57.6%72.1%72.1%57.6%
Put IV 25d65.0%59.6%79.5%73.8%59.6%
Bid-Ask Spread %38.2722.0954.9947.9034.11
Gamma HHI0.090.050.240.070.08
Net GEX738.8K-2.7M6.6M-2.7M4.4M
Net DEX52.2M-138.2M188.4M188.4M-102.1M
Net VEX-1.8M-2.0M-1.6M-1.6M-1.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.121.200.680.56
Total Volume25,059.26,55182,61382,61311,037
Total OI329,625.7290,041362,203352,897312,524

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-11-01$39.36$48.0071.1%25.8%48.3%39.8%89.4%1.7%-9.2%-2.7M188.4M-1.6M0.6847.90N/AN/A49,11033,503168,587184,310
2024-11-04$42.70$45.0062.5%19.5%58.8%23.1%67.7%16.3%11.4%321.1K61.1M-1.8M0.3945.87N/AN/A27,76510,864152,605177,805
2024-11-05$44.06$45.0066.2%18.7%60.7%30.3%65.7%-5.9%2.5%1.6M15.9M-1.8M0.3739.93N/AN/A15,4215,760160,722182,646
2024-11-06$39.93$45.0060.8%17.3%67.4%19.9%59.9%5.9%0.6%-1.6M163.7M-1.6M0.4652.62N/AN/A41,70719,270165,611184,976
2024-11-07$40.11$45.0060.6%17.0%67.7%19.4%58.8%3.1%3.0%-729.4K135.3M-1.7M0.3254.99N/AN/A16,2735,217174,674186,732
2024-11-08$38.59$45.0060.7%17.7%67.9%19.7%61.8%1.5%1.2%-2.4M169.8M-1.6M0.6147.92N/AN/A22,09313,551177,930184,273
2024-11-11$38.02$45.0064.2%18.5%66.6%26.3%64.7%-1.0%0.0%-2.1M158.3M-1.6M0.8044.58N/AN/A7,6606,144157,795181,192
2024-11-12$39.42$45.0065.0%18.7%69.2%27.9%65.2%0.1%0.8%-1.5M119.2M-1.7M0.2041.23N/AN/A38,1557,456161,803184,556
2024-11-13$38.58$45.0062.8%18.2%67.8%23.7%64.0%0.3%0.6%-1.4M139.1M-1.7M0.2634.44N/AN/A11,2892,940172,571186,086
2024-11-14$38.83$45.0063.0%18.2%67.9%24.0%63.6%0.4%0.4%-1.6M126.9M-1.7M1.2028.74N/AN/A6,4067,684173,130186,339
2024-11-15$38.26$45.0063.6%18.4%67.9%25.2%60.9%0.8%0.8%-712.8K143.6M-1.7M0.6641.06N/AN/A5,4823,594174,527185,219
2024-11-18$40.12$45.0062.6%18.0%66.0%23.4%63.5%0.8%-1.3%715.5K48.4M-1.7M0.3822.09N/AN/A8,3003,147135,835154,206
2024-11-19$40.72$45.0063.5%18.2%66.3%25.0%63.5%1.9%-0.9%1.8M26.0M-1.8M0.8427.82N/AN/A9,9618,379140,571156,018
2024-11-20$42.36$45.0065.2%18.7%67.3%28.3%65.5%0.4%-1.9%2.6M-18.5M-1.9M0.3828.47N/AN/A12,1084,569144,101161,306
2024-11-21$42.52$45.0063.2%18.2%67.1%24.5%63.8%0.8%-2.1%3.2M-20.9M-1.9M0.1229.87N/AN/A15,9081,847146,867162,574
2024-11-22$43.69$45.0061.8%17.8%67.8%21.8%62.4%0.2%0.0%6.6M-56.7M-1.9M0.2027.81N/AN/A18,8553,734150,333163,519
2024-11-25$48.23$45.0062.3%18.5%76.5%22.7%65.1%-1.2%1.4%2.9M-138.2M-2.0M0.2038.11N/AN/A22,1714,387137,291157,682
2024-11-26$45.20$45.0059.6%17.6%79.1%17.6%61.2%-0.4%3.3%2.5M-51.6M-1.9M0.3140.94N/AN/A9,8493,037142,482159,666
2024-11-27$45.66$45.0059.3%17.3%79.0%16.9%61.1%1.3%-0.6%2.9M-63.7M-1.9M0.7236.97N/AN/A3,8192,732142,741160,709
2024-11-29$46.65$45.0057.9%17.4%79.3%14.3%60.7%1.9%-0.2%4.4M-102.1M-1.9M0.5634.11N/AN/A7,0673,970148,469164,055