W Options History — December 2024

In December 2024, W traded between $43.77 and $55.41. ATM implied volatility averaged 58.7%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded below realized volatility by 3.3% (HV 20d: 62.0%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2024-12-06: Highest Volume — 45,159 contracts
  • 2024-12-12: Largest IV spike — 21.4% change
  • 2024-12-19: Highest IV Rank — 29.6%
  • 2024-12-19: Largest Expected Move — 18.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.85$43.77$55.41$48.33$44.51
Max Pain$49.05$45.00$50.00$45.00$50.00
ATM IV58.7%47.8%64.0%57.1%60.4%
Expected Move17.5%16.6%18.6%18.2%17.9%
HV 20d62.0%54.4%72.4%72.4%57.3%
HV 60d62.2%60.7%64.0%61.3%61.8%
IV Rank18.5%0.0%29.6%12.8%23.1%
IV Percentile23.2%0.0%44.4%15.9%29.4%
Term Structure1.0%-8.2%16.2%1.7%1.0%
VWIV61.4%59.0%65.1%63.3%62.0%
Skew 25d1.0%-18.4%9.3%1.2%6.1%
Skew 10d-1.9%-41.7%31.4%-21.9%-10.6%
Call IV 25d59.7%51.2%77.6%60.3%58.7%
Put IV 25d60.7%52.6%66.4%61.5%64.8%
Bid-Ask Spread %34.8618.9163.1647.1719.67
Gamma HHI0.100.050.590.060.08
Net GEX2.8M-1.6M12.2M2.9M-1.5M
Net DEX-122.6M-330.7M47.0M-131.6M34.1M
Net VEX-1.8M-1.9M-1.6M-1.9M-1.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.182.970.610.95
Total Volume10,665.6672,74445,15910,6375,831
Total OI299,057.095259,227320,354301,986262,108

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$48.33$45.0057.1%18.2%72.4%12.8%63.3%1.2%1.7%2.9M-131.6M-1.9M0.6147.17N/AN/A6,6014,036140,595161,391
2024-12-03$48.98$45.0060.5%17.8%67.4%19.3%60.4%2.0%-4.1%3.2M-150.9M-1.9M0.7934.09N/AN/A3,7672,987141,816163,688
2024-12-04$49.26$45.0056.6%17.7%66.8%11.7%62.1%6.7%1.3%3.7M-163.3M-1.9M0.1838.94N/AN/A14,1642,576142,943163,954
2024-12-05$49.48$50.0056.7%16.6%54.4%11.9%59.0%-3.9%2.1%4.8M-179.6M-1.9M0.4335.51N/AN/A5,5652,372147,715164,848
2024-12-06$53.66$50.0057.6%16.9%59.7%13.6%60.0%-3.1%0.8%3.7M-302.0M-1.9M0.2526.82N/AN/A36,2128,947148,076166,129
2024-12-09$55.18$47.5055.2%17.5%56.5%9.0%62.1%-18.4%10.2%4.4M-328.7M-1.9M0.3633.58N/AN/A9,0483,218147,958163,722
2024-12-10$54.94$47.5059.5%17.2%55.8%17.3%61.1%-0.5%-0.2%4.6M-313.4M-1.9M0.8231.57N/AN/A4,0953,375147,862163,320
2024-12-11$55.41$50.0047.8%17.0%55.5%0.0%60.3%0.6%16.2%4.7M-330.7M-1.9M0.7725.06N/AN/A4,8113,703148,865164,451
2024-12-12$53.51$50.0058.1%16.9%56.9%18.8%60.5%0.5%1.3%4.6M-269.0M-1.9M0.5836.30N/AN/A5,6993,280150,105166,889
2024-12-13$52.02$50.0057.9%16.9%59.0%18.5%60.0%0.3%1.4%5.1M-215.1M-1.8M0.4441.75N/AN/A10,2404,471151,445168,909
2024-12-16$51.01$50.0060.2%17.3%59.3%22.6%62.6%-0.2%-2.6%3.1M-180.9M-1.8M0.6932.71N/AN/A5,0913,529144,380164,549
2024-12-17$50.47$50.0060.4%17.4%58.6%23.0%61.1%0.3%-1.5%3.3M-167.2M-1.8M1.6139.06N/AN/A1,6902,714146,751166,065
2024-12-18$45.67$50.0062.3%17.9%70.6%26.5%62.7%0.1%-1.8%3.1M-7.3M-1.7M0.3563.16N/AN/A12,4044,366147,061167,640
2024-12-19$43.88$50.0064.0%18.6%71.2%29.6%65.1%1.6%-8.2%2.1M45.6M-1.7M0.9542.82N/AN/A6,4006,071149,074168,827
2024-12-20$45.42$50.0062.3%18.0%72.2%26.6%62.8%2.9%-1.0%12.2M-46.5M-1.7M0.7146.78N/AN/A6,8604,845150,415166,115
2024-12-23$45.30$50.0060.0%17.3%71.7%22.3%60.5%9.3%2.1%-994.6K17.2M-1.7M0.8031.67N/AN/A2,9122,319112,086153,115
2024-12-24$44.89$50.0054.8%16.9%61.8%12.7%59.5%7.4%-0.1%-973.5K27.0M-1.6M0.4423.85N/AN/A1,900844113,858154,164
2024-12-26$45.10$50.0059.4%17.4%57.5%21.1%59.2%2.3%0.7%-505.6K18.6M-1.6M2.9736.10N/AN/A1,3443,993114,887154,112
2024-12-27$43.77$50.0060.1%17.6%58.3%22.5%62.9%2.6%-0.6%-1.6M47.0M-1.6M2.0918.91N/AN/A1,8173,801115,550155,534
2024-12-30$45.11$50.0061.7%18.0%58.8%25.5%62.4%3.9%1.5%-1.5M23.1M-1.6M0.8126.53N/AN/A3,3522,729106,306152,921
2024-12-31$44.51$50.0060.4%17.9%57.3%23.1%62.0%6.1%1.0%-1.5M34.1M-1.6M0.9519.67N/AN/A2,9972,834107,959154,149