WGS Options History — August 2023

In August 2023, WGS traded between $4.22 and $7.58. ATM implied volatility averaged 169.2%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 47.2%. IV traded above realized volatility by 94.0% (HV 20d: 75.2%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 1.10.

Notable Days

  • 2023-08-14: Highest Volume — 40 contracts
  • 2023-08-31: Largest IV spike — 263.7% change
  • 2023-08-29: Highest IV Rank — 69.1%
  • 2023-08-29: Largest Expected Move — 104.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.37$4.22$7.58$7.58$4.40
Max Pain$6.20$5.00$7.50$7.50$5.00
ATM IV169.2%87.1%365.9%163.2%355.8%
Expected Move47.2%25.0%104.9%46.8%102.0%
HV 20d75.2%67.3%86.0%82.2%70.7%
HV 60d91.0%85.1%97.2%97.2%85.1%
IV Rank19.3%0.0%69.1%17.0%66.6%
IV Percentile26.7%0.0%94.8%22.6%90.3%
Term Structure-9.8%-141.0%63.3%-67.3%61.2%
VWIV123.3%88.2%238.9%126.6%95.8%
Skew 25d26.2%-84.2%185.8%-84.2%118.7%
Skew 10d32.2%-137.5%352.5%17.7%337.8%
Call IV 25d128.4%80.7%254.3%225.0%85.1%
Put IV 25d154.6%100.7%284.5%140.8%203.9%
Bid-Ask Spread %113.9472.94144.88144.88134.62
Gamma HHI0.280.170.390.190.29
Net GEX-495-1.3K342342-626
Net DEX29.4K-50.9K72.8K-50.9K31.9K
Net VEX-583-835-364-794-578
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.0013.001.000.50
Total Volume9.47804060
Total OI1,098.6091,0651,1301,0651,127

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$7.58$7.50163.2%46.8%82.2%17.0%0.0%-84.2%-67.3%342-50.9K-7941.00144.88N/AN/A33291774
2023-08-02$7.58$7.50145.7%41.8%81.3%12.6%0.0%5.9%-23.4%109-28.4K-8351.00121.79N/AN/A22293776
2023-08-03$7.29$5.00140.4%36.2%80.8%11.2%126.6%-0.6%-3.9%0-15.2K-7790.0689.00N/AN/A161293778
2023-08-04$7.17$7.50151.6%35.7%81.4%14.1%0.0%-5.6%1.1%138-31.9K-7441.0072.94N/AN/A33296779
2023-08-07$6.65$7.50185.2%48.5%79.3%22.6%238.9%-30.1%43.9%-4729.2K-7990.43100.46N/AN/A73298782
2023-08-08$6.68$7.50167.2%35.1%78.7%18.0%88.2%-15.9%7.4%-106-9.6K-6960.2595.56N/AN/A41304784
2023-08-09$5.77$7.50158.2%45.4%82.4%15.7%115.1%21.1%3.4%-48016.1K-6411.00102.00N/AN/A1010308785
2023-08-10$5.32$7.5096.7%27.7%86.0%0.1%106.2%1.4%27.2%-57835.2K-5550.10114.84N/AN/A101306777
2023-08-11$5.19$7.50119.0%34.1%86.0%5.8%117.5%2.7%-50.9%-72943.7K-5490.50108.97N/AN/A21310778
2023-08-14$5.25$5.00124.0%35.6%76.5%7.1%101.5%42.3%-46.1%-73348.3K-5440.1198.20N/AN/A364312778
2023-08-15$5.05$5.00143.5%41.1%76.6%12.0%133.9%58.6%-73.1%-52244.0K-5290.00109.68N/AN/A40348778
2023-08-16$4.96$7.50175.8%50.4%70.6%20.2%90.8%185.8%29.3%-54255.0K-6310.00124.97N/AN/A80348778
2023-08-17$5.04$7.50210.5%60.3%70.9%29.0%0.0%88.0%-60.0%-1.3K50.7K-5820.00122.64N/AN/A00352778
2023-08-18$4.87$7.5087.1%25.0%67.9%0.0%95.3%47.9%63.3%-77856.2K-4630.67103.06N/AN/A64352774
2023-08-21$4.63$5.00133.1%38.2%67.9%11.4%124.2%29.1%-7.0%-55756.7K-4230.0097.91N/AN/A70302768
2023-08-22$4.30$5.00143.6%41.2%69.8%14.0%146.2%0.9%-30.1%-48663.1K-3900.12101.92N/AN/A172304768
2023-08-23$4.31$5.00193.9%55.6%70.5%26.5%150.5%-59.4%-24.7%-3372.8K-3640.00126.65N/AN/A170321770
2023-08-24$4.22$5.00157.8%45.2%70.5%17.5%118.6%36.1%14.1%-1.1K60.1K-40313.00131.79N/AN/A226328770
2023-08-25$4.24$5.00267.3%76.6%71.3%44.7%0.0%56.2%-141.0%-79065.6K-5260.00133.25N/AN/A00329796
2023-08-28$4.25$5.00108.1%31.0%67.3%5.2%0.0%-24.1%23.3%-84154.1K-4630.00126.52N/AN/A00329796
2023-08-29$4.49$5.00365.9%104.9%70.4%69.1%0.0%115.9%-4.1%-52024.7K-6190.00130.63N/AN/A00329796
2023-08-30$4.36$5.0097.8%28.0%69.7%2.7%95.8%12.6%31.2%-75925.8K-4970.50128.42N/AN/A21329796
2023-08-31$4.40$5.00355.8%102.0%70.7%66.6%0.0%118.7%61.2%-62631.9K-5780.00134.62N/AN/A00331796