W Options History — June 2025

In June 2025, W traded between $41.70 and $51.23. ATM implied volatility averaged 62.6%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded above realized volatility by 0.7% (HV 20d: 61.9%). Max pain ranged from $37.50 to $47.50. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.35.

Notable Days

  • 2025-06-09: Highest Volume — 32,742 contracts
  • 2025-06-30: Largest IV spike — 13.1% change
  • 2025-06-02: Highest IV Rank — 27.3%
  • 2025-06-05: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.59$41.70$51.23$41.70$51.23
Max Pain$44.88$37.50$47.50$37.50$47.50
ATM IV62.6%55.3%72.1%72.1%69.2%
Expected Move17.6%15.6%19.0%18.7%16.4%
HV 20d61.9%36.8%97.1%97.1%36.8%
HV 60d116.1%111.8%119.4%119.4%111.8%
IV Rank16.7%8.4%27.3%27.3%24.1%
IV Percentile32.2%3.2%62.3%62.3%56.0%
Term Structure4.0%-0.6%16.0%-0.6%1.3%
VWIV62.0%54.9%66.2%65.4%56.7%
Skew 25d7.3%-8.0%29.3%4.1%7.0%
Skew 10d-1.9%-27.7%26.7%-0.8%-3.6%
Call IV 25d56.8%29.2%67.4%67.4%64.1%
Put IV 25d64.1%44.3%71.5%71.5%71.1%
Bid-Ask Spread %39.1717.0252.4941.0617.02
Gamma HHI0.080.050.100.050.08
Net GEX2.5M-654.5K4.2M-654.5K2.7M
Net DEX-208.1M-314.1M-92.8M-92.8M-165.9M
Net VEX-1.9M-2.0M-1.8M-1.8M-1.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.350.225.385.380.82
Total Volume12,814.855,78132,74219,4466,539
Total OI319,364.25250,252365,050319,576263,698

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-06-02$41.70$37.5072.1%18.7%97.1%27.3%65.4%4.1%-0.6%-654.5K-92.8M-1.8M5.3841.06N/AN/A3,04716,399128,994190,582
2025-06-03$42.72$37.5063.3%18.6%91.6%17.5%64.6%19.1%1.0%242.5K-126.2M-1.8M1.2847.58N/AN/A7,1559,165130,646190,082
2025-06-04$44.20$40.0060.2%18.3%90.3%14.0%65.0%15.0%12.3%1.2M-176.3M-1.8M1.4348.48N/AN/A5,3877,713136,027195,119
2025-06-05$44.84$42.5066.8%19.0%90.0%21.4%66.2%24.3%0.6%1.4M-190.0M-1.9M1.0530.34N/AN/A7,2777,645138,368197,877
2025-06-06$44.88$42.5064.1%18.5%84.0%18.3%64.7%3.2%1.4%1.7M-192.6M-1.9M0.2227.57N/AN/A13,3702,986140,332201,625
2025-06-09$47.76$42.5064.9%18.4%84.0%19.3%64.4%4.7%0.1%3.6M-271.6M-1.8M0.6136.49N/AN/A20,32612,416140,615190,484
2025-06-10$48.00$45.0063.1%18.2%54.5%17.3%64.3%3.0%1.0%4.2M-290.2M-2.0M0.8236.64N/AN/A6,5455,399152,585195,176
2025-06-11$47.92$45.0060.9%17.9%53.8%14.7%62.4%4.4%2.3%4.1M-283.0M-1.9M0.9135.92N/AN/A7,6316,979154,066198,500
2025-06-12$46.63$47.5061.9%17.7%54.1%15.9%65.6%4.2%0.1%3.6M-237.8M-1.9M2.4949.73N/AN/A3,5518,842158,039200,637
2025-06-13$45.53$47.5064.6%18.8%55.4%19.0%64.5%2.7%1.7%1.5M-186.8M-1.9M0.8045.29N/AN/A9,1317,288160,839204,211
2025-06-16$48.34$47.5062.1%17.8%58.3%16.1%63.9%3.9%2.0%3.3M-278.4M-1.9M2.8937.94N/AN/A2,3296,728148,693200,130
2025-06-17$48.48$47.5063.0%18.1%57.3%17.1%63.5%5.8%3.0%3.4M-285.5M-1.9M0.7341.87N/AN/A3,3362,445149,874203,492
2025-06-18$49.19$47.5061.8%17.7%56.5%15.8%63.6%4.1%0.3%4.1M-309.2M-1.9M1.5249.30N/AN/A2,7464,175151,135204,953
2025-06-20$49.09$45.0062.8%18.0%53.1%16.9%63.7%5.0%1.9%2.8M-314.1M-1.9M0.8640.34N/AN/A6,2435,379150,862206,573
2025-06-23$49.18$45.0061.0%16.4%52.7%14.8%58.9%-8.0%7.9%1.4M-126.5M-1.9M1.9752.49N/AN/A2,7235,36899,083151,169
2025-06-24$50.70$47.5057.0%16.6%52.8%10.4%54.9%29.3%8.8%2.3M-156.9M-1.9M0.3045.64N/AN/A10,9233,317100,080154,635
2025-06-25$50.02$47.5055.3%15.8%40.0%8.4%55.1%11.7%16.0%2.6M-148.0M-1.9M1.9937.09N/AN/A2,5195,005105,473155,182
2025-06-26$50.70$47.5057.6%15.6%38.4%11.0%55.8%10.3%8.8%3.4M-159.9M-1.9M0.3338.90N/AN/A8,0322,637106,704158,845
2025-06-27$50.78$47.5061.2%15.8%38.4%15.0%56.3%-7.3%10.6%4.0M-169.4M-1.9M0.6223.68N/AN/A4,6982,903112,408159,492
2025-06-30$51.23$47.5069.2%16.4%36.8%24.1%56.7%7.0%1.3%2.7M-165.9M-1.9M0.8217.02N/AN/A3,6002,939107,333156,365