WATT Options History — March 2021

In March 2021, WATT traded between $2196.00 and $2826.00. ATM implied volatility averaged 125.1%, placing in the 7.5% IV rank vs the trailing year. The 30-day expected move averaged 35.1%. IV traded below realized volatility by 95.0% (HV 20d: 220.0%). Max pain ranged from $2400.00 to $3000.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 0.32.

Notable Days

2021-03-22: Highest Volume — 44 contracts
2021-03-22: Largest IV spike — 21.4% change
2021-03-09: Highest IV Rank — 19.5%
2021-03-01: Largest Expected Move — 43.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2461.04	$2196.00	$2826.00	$2826.00	$2448.00
Max Pain	$2478.26	$2400.00	$3000.00	$3000.00	$2400.00
ATM IV	125.1%	95.7%	159.2%	150.2%	111.2%
Expected Move	35.1%	27.4%	43.0%	43.0%	31.9%
HV 20d	220.0%	114.3%	283.4%	276.5%	114.3%
HV 60d	198.5%	190.4%	204.5%	197.2%	190.4%
IV Rank	7.5%	0.0%	19.5%	15.7%	6.7%
IV Percentile	9.3%	0.0%	42.5%	30.6%	2.0%
Term Structure	7.1%	-9.9%	25.4%	-9.9%	6.5%
VWIV	132.5%	110.7%	179.3%	179.3%	111.6%
Skew 25d	-30.2%	-53.9%	-11.8%	-43.4%	-11.8%
Skew 10d	-59.7%	-102.4%	-15.2%	-102.4%	-38.0%
Call IV 25d	147.8%	117.6%	188.5%	186.0%	117.6%
Put IV 25d	117.6%	95.8%	142.6%	142.6%	105.8%
Bid-Ask Spread %	15.60	11.62	24.72	13.13	19.95
Gamma HHI	0.20	0.15	0.24	0.23	0.24
Net GEX	72.0K	45.2K	90.6K	83.7K	83.1K
Net DEX	-8.3M	-11.9M	-5.9M	-11.9M	-8.0M
Net VEX	-43.8K	-49.5K	-39.0K	-49.4K	-46.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.14	0.76	0.18	0.14
Total Volume	8.348	2	44	12	7
Total OI	133.522	95	145	131	125

Daily Data (23 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
2021-03-01	$2826.00	$3000.00	150.2%	43.0%	276.5%	15.7%	179.3%	-43.4%	-9.9%	83.7K	-11.9M	-49.4K	0.18	13.13	N/A	N/A	10	2	97	34
2021-03-02	$2784.00	$3000.00	140.1%	40.2%	276.6%	11.5%	154.3%	-53.9%	-7.0%	90.6K	-11.9M	-49.5K	0.23	13.24	N/A	N/A	9	2	102	34
2021-03-03	$2514.00	$3000.00	122.5%	35.1%	279.2%	4.2%	145.7%	-53.3%	1.7%	70.5K	-8.9M	-44.4K	0.21	11.62	N/A	N/A	9	2	104	34
2021-03-04	$2220.00	$2400.00	144.0%	38.0%	283.1%	13.1%	148.6%	-26.0%	10.5%	55.3K	-6.3M	-42.2K	0.56	17.90	N/A	N/A	5	3	109	34
2021-03-05	$2226.00	$2400.00	158.5%	40.6%	282.0%	19.2%	151.7%	-14.4%	6.4%	48.5K	-6.0M	-41.9K	0.35	14.00	N/A	N/A	7	2	107	34
2021-03-08	$2196.00	$2400.00	144.5%	40.2%	282.0%	13.4%	160.6%	-18.7%	-2.8%	45.2K	-5.9M	-40.5K	0.15	12.70	N/A	N/A	6	1	107	34
2021-03-09	$2454.00	$2400.00	159.2%	38.2%	281.4%	19.5%	141.3%	-14.0%	5.8%	64.0K	-8.2M	-44.3K	0.27	18.21	N/A	N/A	7	2	108	35
2021-03-10	$2442.00	$2400.00	130.5%	37.4%	280.8%	7.5%	136.9%	-33.1%	11.6%	68.4K	-8.4M	-44.1K	0.18	23.02	N/A	N/A	4	1	109	34
2021-03-11	$2616.00	$2400.00	128.9%	37.0%	281.3%	6.8%	133.6%	-19.9%	7.0%	81.4K	-9.7M	-45.7K	0.28	13.42	N/A	N/A	3	1	110	34
2021-03-12	$2646.00	$2400.00	127.8%	36.7%	281.3%	6.4%	130.1%	-27.9%	6.9%	86.0K	-10.0M	-45.5K	0.50	12.32	N/A	N/A	4	2	111	34
2021-03-15	$2688.00	$2400.00	128.1%	36.7%	281.2%	6.5%	134.2%	-28.7%	1.5%	89.3K	-10.4M	-45.1K	0.20	18.90	N/A	N/A	6	1	111	33
2021-03-16	$2436.00	$2400.00	123.2%	35.3%	283.4%	4.4%	122.0%	-38.7%	0.3%	72.9K	-7.8M	-41.7K	0.26	17.31	N/A	N/A	4	1	112	33
2021-03-17	$2580.00	$2400.00	121.4%	34.8%	283.0%	3.7%	123.8%	-26.9%	10.2%	82.8K	-8.7M	-42.9K	0.24	24.72	N/A	N/A	4	1	112	33
2021-03-18	$2418.00	$2400.00	116.7%	33.5%	282.6%	1.7%	121.5%	-32.8%	13.2%	49.9K	-6.9M	-39.9K	0.72	12.16	N/A	N/A	2	1	112	33
2021-03-19	$2454.00	$2400.00	106.6%	30.5%	147.9%	0.0%	110.7%	-23.2%	25.4%	56.9K	-7.0M	-39.0K	0.44	13.03	N/A	N/A	6	2	112	33
2021-03-22	$2754.00	$2400.00	129.3%	37.1%	123.9%	10.4%	139.8%	-42.4%	-2.5%	74.4K	-10.5M	-43.9K	0.20	13.44	N/A	N/A	37	7	74	21
2021-03-23	$2376.00	$2400.00	107.6%	30.9%	127.1%	0.5%	123.2%	-45.9%	14.9%	82.5K	-8.5M	-42.5K	0.32	16.50	N/A	N/A	10	3	92	22
2021-03-24	$2238.00	$2400.00	95.7%	27.4%	127.1%	0.0%	125.0%	-43.2%	18.9%	72.7K	-7.1M	-41.9K	0.28	13.63	N/A	N/A	5	1	94	24
2021-03-25	$2376.00	$2400.00	112.3%	32.2%	129.8%	7.2%	112.5%	-26.3%	9.7%	76.6K	-7.5M	-43.1K	0.53	15.73	N/A	N/A	4	2	94	25
2021-03-26	$2334.00	$2400.00	112.0%	32.1%	121.6%	7.1%	115.1%	-30.5%	9.1%	77.4K	-7.2M	-45.6K	0.21	16.85	N/A	N/A	2	0	96	27
2021-03-29	$2244.00	$2400.00	104.2%	29.9%	116.7%	3.7%	110.7%	-24.6%	14.4%	69.0K	-6.5M	-43.4K	0.76	13.88	N/A	N/A	1	1	96	27
2021-03-30	$2334.00	$2400.00	102.3%	29.3%	118.1%	2.9%	115.4%	-16.2%	11.3%	75.7K	-6.9M	-43.8K	0.18	13.20	N/A	N/A	2	0	97	28
2021-03-31	$2448.00	$2400.00	111.2%	31.9%	114.3%	6.7%	111.6%	-11.8%	6.5%	83.1K	-8.0M	-46.6K	0.14	19.95	N/A	N/A	6	1	97	28