WGS Options History — May 2024

In May 2024, WGS traded between $19.23 and $23.69. ATM implied volatility averaged 108.8%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 31.6%. IV traded below realized volatility by 66.9% (HV 20d: 175.8%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.40.

Notable Days

  • 2024-05-01: Highest Volume — 1,412 contracts
  • 2024-05-07: Largest IV drop — 35.7% change
  • 2024-05-13: Highest IV Rank — 22.1%
  • 2024-05-01: Largest Expected Move — 37.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.81$19.23$23.69$21.16$19.77
Max Pain$12.05$10.00$15.00$12.50$12.50
ATM IV108.8%78.5%134.1%130.9%83.4%
Expected Move31.6%23.9%37.5%37.5%23.9%
HV 20d175.8%83.1%193.6%190.5%83.1%
HV 60d147.6%142.8%152.1%150.1%143.1%
IV Rank16.6%10.1%22.1%21.4%11.1%
IV Percentile14.1%1.2%38.8%30.0%2.8%
Term Structure-2.1%-75.1%33.7%-14.8%-0.3%
VWIV104.5%60.6%128.8%128.7%66.1%
Skew 25d4.0%-53.1%56.1%7.3%-8.9%
Skew 10d10.7%-34.4%101.5%19.1%-34.4%
Call IV 25d100.6%60.1%154.4%123.5%71.5%
Put IV 25d104.6%57.6%140.6%130.8%62.6%
Bid-Ask Spread %57.1133.28108.1058.0978.61
Gamma HHI0.210.140.550.550.23
Net GEX8.7K-5022.6K6.0K16.2K
Net DEX-1.9M-2.8M-1.1M-1.6M-1.8M
Net VEX-3.8K-6.0K-1.3K-1.3K-4.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.022.090.920.28
Total Volume416.636151,4121,412353
Total OI2,731.0912,0473,3142,3152,754

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$21.16$12.50130.9%37.5%190.5%21.4%128.7%7.3%-14.8%6.0K-1.6M-1.3K0.9258.09N/AN/A7366768681,447
2024-05-02$19.39$15.00121.9%34.9%193.3%19.4%121.7%-6.6%-3.6%-50-1.1M-2.4K0.8333.28N/AN/A4823989201,547
2024-05-03$19.87$15.00109.7%31.4%192.6%16.8%115.2%-22.8%-12.6%1.2K-1.5M-2.6K0.0940.39N/AN/A898851,0701,557
2024-05-06$19.59$10.00122.0%32.6%193.0%19.5%128.8%-3.7%3.8%977-1.4M-3.1K0.1839.34N/AN/A153281,1681,575
2024-05-07$19.52$10.0078.5%29.6%193.4%10.1%113.4%-20.8%33.7%2.2K-1.5M-2.9K0.5264.18N/AN/A86451,2551,594
2024-05-08$19.23$10.0098.4%32.0%193.6%14.4%115.6%-3.3%2.7%3.2K-1.6M-3.0K0.6254.56N/AN/A113701,3271,596
2024-05-09$20.49$10.0097.3%31.6%193.2%14.2%94.5%-8.2%6.2%6.8K-2.0M-3.0K0.2760.38N/AN/A116311,4051,578
2024-05-10$21.09$10.00109.9%31.4%178.8%16.9%75.5%1.6%4.1%7.6K-2.0M-2.9K0.1463.15N/AN/A260361,3561,587
2024-05-13$23.47$10.00134.1%32.5%180.2%22.1%110.9%28.9%1.5%8.6K-2.5M-2.5K0.1440.25N/AN/A645921,2951,566
2024-05-14$21.43$12.5098.7%32.1%185.5%14.4%111.7%5.5%4.7%7.4K-1.9M-2.9K0.1843.70N/AN/A359631,3041,616
2024-05-15$21.34$12.50111.5%32.0%183.9%17.2%100.8%2.3%4.6%9.2K-2.3M-3.9K0.5947.49N/AN/A118701,5641,631
2024-05-16$23.69$12.50111.5%32.0%185.1%17.2%113.5%-3.6%-2.7%13.1K-2.8M-4.0K0.0851.88N/AN/A441341,5641,693
2024-05-17$22.53$12.50110.1%31.6%187.8%16.9%112.1%42.4%-1.6%13.0K-2.6M-4.1K2.0954.17N/AN/A1122341,5921,722
2024-05-20$21.89$12.50108.1%31.0%188.8%16.5%111.0%0.9%0.2%5.7K-1.8M-4.3K0.9250.21N/AN/A1551421,173874
2024-05-21$21.20$12.50108.5%31.1%185.6%16.6%115.9%28.4%3.6%7.3K-1.8M-4.8K0.1856.64N/AN/A92171,302961
2024-05-22$19.99$12.50108.7%31.2%187.3%16.6%95.4%56.1%1.0%7.8K-1.7M-4.8K0.3665.23N/AN/A1141,354974
2024-05-23$19.45$12.50126.8%36.4%186.5%20.5%116.4%-53.1%-75.1%8.4K-1.5M-4.6K0.15108.10N/AN/A559841,358977
2024-05-24$20.56$12.50101.5%29.1%186.1%15.1%125.9%38.2%8.0%18.0K-2.1M-6.0K0.0257.98N/AN/A36861,8001,023
2024-05-28$20.65$12.50110.0%31.5%185.9%16.9%60.6%34.1%-13.3%11.1K-1.9M-5.1K0.0264.06N/AN/A36691,5141,027
2024-05-29$21.29$12.50105.4%30.2%124.0%15.9%104.1%-17.8%4.8%22.6K-2.3M-5.5K0.0464.41N/AN/A506211,8691,029
2024-05-30$20.32$12.50106.8%30.6%88.4%16.2%61.7%-9.7%-2.1%15.9K-1.9M-4.9K0.1460.29N/AN/A81111,6701,028
2024-05-31$19.77$12.5083.4%23.9%83.1%11.1%66.1%-8.9%-0.3%16.2K-1.8M-4.9K0.2878.61N/AN/A275781,7251,029