W Options History — October 2025

In October 2025, W traded between $74.16 and $106.25. ATM implied volatility averaged 75.6%, placing in the 31.3% IV rank vs the trailing year. The 30-day expected move averaged 20.3%. IV traded above realized volatility by 24.9% (HV 20d: 50.7%). Max pain ranged from $67.50 to $85.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.97.

Notable Days

  • 2025-10-28: Highest Volume — 65,937 contracts
  • 2025-10-28: Largest IV drop — 19.4% change
  • 2025-10-14: Highest IV Rank — 45.1%
  • 2025-10-16: Largest Expected Move — 23.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$86.13$74.16$106.25$87.34$103.16
Max Pain$73.02$67.50$85.00$84.00$85.00
ATM IV75.6%55.8%87.8%76.0%55.8%
Expected Move20.3%16.0%23.8%16.6%16.0%
HV 20d50.7%36.4%85.2%48.6%84.9%
HV 60d54.7%52.3%62.6%53.5%60.9%
IV Rank31.3%9.0%45.1%31.8%9.0%
IV Percentile69.9%10.3%92.5%77.0%10.3%
Term Structure-3.1%-7.5%4.0%-3.2%4.0%
VWIV71.4%55.7%82.9%59.1%57.0%
Skew 25d2.5%-5.3%7.7%1.0%1.6%
Skew 10d5.1%-34.8%42.6%-21.2%-1.7%
Call IV 25d74.7%53.0%93.7%76.5%53.0%
Put IV 25d77.2%54.4%93.7%77.5%54.6%
Bid-Ask Spread %40.1914.4370.0529.4137.29
Gamma HHI0.080.050.130.100.13
Net GEX4.0M-463.9K8.5M4.3M6.9M
Net DEX-476.4M-973.1M-181.9M-490.6M-876.4M
Net VEX-2.0M-2.2M-1.8M-2.0M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.291.931.460.57
Total Volume13,720.874,16765,9377,32112,108
Total OI261,287.957240,884308,291253,989308,291

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$87.34$84.0076.0%16.6%48.6%31.8%59.1%1.0%-3.2%4.3M-490.6M-2.0M1.4629.41N/AN/A2,9814,340103,586150,403
2025-10-02$86.55$84.0074.9%16.0%46.2%30.6%55.7%2.8%-2.3%2.8M-471.8M-2.1M1.5931.02N/AN/A2,3653,763105,861161,130
2025-10-03$88.94$84.0076.0%16.2%36.4%31.8%58.2%6.7%-4.0%5.1M-529.4M-2.0M0.5414.43N/AN/A8,8414,782105,047153,127
2025-10-06$85.05$67.5077.6%20.3%38.7%33.6%71.4%1.2%-4.4%3.6M-416.0M-2.1M1.3539.10N/AN/A2,8813,90197,832146,272
2025-10-07$82.92$67.5077.4%20.4%39.5%33.4%72.6%1.8%-3.8%2.1M-362.6M-2.1M1.2131.92N/AN/A2,9403,56499,024148,655
2025-10-08$82.40$67.5077.7%20.5%39.5%33.7%72.7%2.4%-3.9%1.6M-355.3M-2.0M1.7543.43N/AN/A2,1293,729100,019150,011
2025-10-09$77.91$67.5077.4%20.6%39.2%33.3%72.1%3.5%-3.5%-463.9K-241.8M-2.0M0.8236.50N/AN/A5,5694,560100,677151,665
2025-10-10$74.16$67.5085.8%22.6%41.0%42.8%78.8%-3.9%-7.5%591.4K-181.9M-2.0M0.9047.91N/AN/A10,0809,077104,272151,996
2025-10-13$75.99$67.5084.1%22.2%42.6%40.9%77.9%5.3%-4.6%1.2M-257.6M-2.0M0.8039.31N/AN/A5,6344,505104,683150,149
2025-10-14$78.52$70.0087.8%23.1%44.9%45.1%80.9%6.8%-6.5%2.3M-311.4M-2.0M0.5846.05N/AN/A9,5145,530106,641152,212
2025-10-15$81.16$70.0084.4%22.6%46.9%41.2%79.2%5.5%-3.0%4.4M-376.2M-2.2M0.7336.33N/AN/A3,4142,507111,562154,251
2025-10-16$83.04$70.0087.4%23.8%47.2%44.6%82.9%7.7%-4.7%6.1M-420.6M-2.1M1.9336.48N/AN/A1,9203,699112,472156,287
2025-10-17$82.48$70.0082.3%22.9%46.9%38.9%81.4%6.4%-3.0%6.4M-409.4M-2.1M0.2944.19N/AN/A7,5322,163112,361156,897
2025-10-20$82.86$70.0078.3%22.1%45.0%34.4%78.0%3.9%-3.1%3.7M-409.3M-2.0M1.2932.08N/AN/A1,8202,34797,364143,520
2025-10-21$80.81$70.0077.2%22.0%44.5%33.2%76.9%1.6%-5.7%3.2M-372.2M-2.0M0.4529.96N/AN/A5,3852,40498,293145,056
2025-10-22$81.29$70.0079.0%22.6%44.6%35.1%76.4%0.5%-5.3%3.4M-382.0M-2.1M0.9041.64N/AN/A2,6312,360101,455146,571
2025-10-23$83.19$70.0077.1%22.2%44.5%33.0%78.4%4.4%-2.7%4.1M-425.1M-2.0M0.5234.17N/AN/A3,4631,799100,700147,674
2025-10-24$82.83$70.0076.3%22.3%43.9%32.1%78.5%0.6%-4.8%3.1M-432.8M-2.0M1.8449.42N/AN/A3,2746,024102,128148,079
2025-10-27$87.09$70.0073.3%21.8%46.7%28.8%76.6%-0.4%-3.5%3.4M-479.5M-2.0M0.7640.09N/AN/A24,06918,21296,422145,582
2025-10-28$106.25$72.5059.1%17.5%84.9%12.7%60.6%3.8%1.6%7.7M-973.1M-1.8M0.7164.85N/AN/A38,55727,380115,612160,033
2025-10-29$104.10$82.5057.4%16.7%85.1%10.8%59.0%-5.3%0.8%8.3M-909.2M-2.0M0.4770.05N/AN/A20,0789,493125,716173,926
2025-10-30$102.88$82.5056.5%16.5%85.2%9.8%58.8%-0.8%2.6%8.5M-872.0M-2.1M0.7448.88N/AN/A7,0385,218130,836175,273
2025-10-31$103.16$85.0055.8%16.0%84.9%9.0%57.0%1.6%4.0%6.9M-876.4M-2.1M0.5737.29N/AN/A7,7114,397131,570176,721