WBTN Options History — September 2025

In September 2025, WBTN traded between $14.10 and $21.65. ATM implied volatility averaged 74.6%, placing in the 13.3% IV rank vs the trailing year. The 30-day expected move averaged 20.9%. IV traded below realized volatility by 80.1% (HV 20d: 154.8%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.67.

Notable Days

  • 2025-09-16: Highest Volume — 15,191 contracts
  • 2025-09-16: Largest IV spike — 55.9% change
  • 2025-09-17: Highest IV Rank — 20.6%
  • 2025-09-17: Largest Expected Move — 26.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.59$14.10$21.65$14.21$19.01
Max Pain$16.79$15.00$20.00$15.00$20.00
ATM IV74.6%56.0%92.4%67.6%73.8%
Expected Move20.9%16.0%26.5%19.4%21.1%
HV 20d154.8%58.4%232.1%231.1%130.3%
HV 60d146.2%137.2%154.4%138.0%154.4%
IV Rank13.3%4.5%20.6%11.5%12.4%
IV Percentile23.7%3.8%34.6%18.3%22.5%
Term Structure8.3%-1.0%23.2%1.4%15.3%
VWIV73.6%54.7%89.1%67.8%74.8%
Skew 25d-14.5%-55.4%1.9%-5.1%-12.6%
Skew 10d-3.9%-33.1%59.4%-8.0%-33.1%
Call IV 25d78.2%39.9%100.6%73.0%78.5%
Put IV 25d63.8%37.2%84.6%67.9%65.9%
Bid-Ask Spread %63.1924.7695.8455.5464.46
Gamma HHI0.430.340.550.380.53
Net GEX-36.6K-129.4K180.6K-32.5K-129.4K
Net DEX-1.0M-7.6M1.1M861.2K209.7K
Net VEX-11.5K-19.1K-5.7K-7.0K-18.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.022.350.420.81
Total Volume1,621.9523615,191224335
Total OI9,444.7626,10719,7456,17311,476

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$14.21$15.0067.6%19.4%231.1%0.0%67.8%-5.1%1.4%-32.5K861.2K-7.0K0.4255.54N/AN/A158662,5853,588
2025-09-03$14.51$15.0067.3%19.3%231.1%0.0%67.8%-0.2%23.2%-33.0K770.2K-7.0K0.4359.86N/AN/A28122,5623,585
2025-09-04$14.64$15.0073.4%16.2%230.7%0.0%54.7%0.9%6.3%-30.1K542.5K-7.1K0.4395.84N/AN/A30132,5473,606
2025-09-05$14.22$15.0070.3%20.3%231.2%0.0%71.9%-26.8%5.9%-35.4K951.8K-6.6K0.0880.30N/AN/A207162,5443,606
2025-09-08$14.50$15.0071.7%20.0%230.7%11.5%70.6%-27.0%6.6%-35.5K801.4K-6.1K0.6079.27N/AN/A30182,5463,576
2025-09-09$14.81$15.0075.8%16.7%230.7%13.3%71.1%1.9%5.7%-32.2K514.8K-6.2K1.1173.47N/AN/A55612,5463,561
2025-09-10$14.10$15.0074.7%21.4%232.1%12.8%73.2%-55.4%3.0%-38.2K1.1M-5.8K0.0787.46N/AN/A654442,5623,662
2025-09-11$14.13$15.0072.6%20.8%65.4%11.9%72.8%-3.7%3.4%-37.7K975.5K-5.8K0.2580.38N/AN/A107272,6463,607
2025-09-12$14.28$15.0073.7%21.1%63.0%12.4%74.1%-4.8%-1.0%-37.8K970.8K-5.9K0.0270.97N/AN/A4312,6633,625
2025-09-15$14.86$15.0056.0%16.0%58.4%4.5%75.7%-42.8%1.8%-34.6K435.7K-5.7K0.0970.51N/AN/A576492,7013,625
2025-09-16$20.95$15.0087.2%25.0%135.5%18.4%89.1%-15.9%3.2%45.4K-4.8M-5.7K0.5624.76N/AN/A9,7545,4373,0383,607
2025-09-17$21.56$17.5092.4%26.5%131.5%20.6%71.5%-13.5%5.7%180.6K-7.6M-10.8K2.3550.46N/AN/A2,9336,9016,8957,047
2025-09-18$20.79$17.5073.7%21.1%132.8%12.4%76.0%-15.5%14.8%30.9K-4.8M-18.2K0.2651.96N/AN/A1,3933587,20012,545
2025-09-19$21.65$17.5078.0%22.4%131.2%14.3%74.8%-18.1%11.1%-50.3K-6.3M-16.6K0.2646.40N/AN/A1,5123886,57912,522
2025-09-22$21.05$17.5074.8%21.4%131.7%12.9%77.5%-13.3%13.3%-48.6K-2.2M-16.5K0.3353.50N/AN/A5291733,3027,167
2025-09-23$20.54$17.5073.7%21.1%131.3%12.4%70.9%-11.4%12.1%-64.7K-1.7M-17.0K1.2051.67N/AN/A3644373,4697,236
2025-09-24$20.08$20.0081.0%23.2%131.7%15.6%79.0%-10.1%6.4%-85.4K-734.1K-18.3K1.9053.57N/AN/A2454653,3357,436
2025-09-25$20.02$20.0078.7%22.5%130.6%14.6%77.5%-8.2%10.8%-90.1K-602.1K-19.1K0.4653.38N/AN/A188863,4907,649
2025-09-26$19.59$20.0075.5%21.6%130.2%13.2%76.1%-14.0%12.3%-112.2K-92.8K-19.0K1.2760.92N/AN/A1461863,4807,665
2025-09-29$19.81$20.0075.8%21.7%129.4%13.3%77.9%-8.6%13.0%-97.7K-624.5K-17.9K1.2562.33N/AN/A16203,5957,664
2025-09-30$19.01$20.0073.8%21.1%130.3%12.4%74.8%-12.6%15.3%-129.4K209.7K-18.3K0.8164.46N/AN/A1851503,8077,669