WWW Options History — March 2009

In March 2009, WWW traded between $6.61 and $7.93. ATM implied volatility averaged 51.9%, placing in the 46.2% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 9.6% (HV 20d: 42.3%). Max pain ranged from $6.25 to $8.75. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.46.

Notable Days

  • 2009-03-02: Highest Volume — 220 contracts
  • 2009-03-04: Largest IV spike — 23.8% change
  • 2009-03-04: Highest IV Rank — 53.7%
  • 2009-03-09: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.27$6.61$7.93$7.38$7.79
Max Pain$7.50$6.25$8.75$8.75$6.25
ATM IV51.9%43.6%56.8%55.8%55.2%
Expected Move15.3%12.5%17.8%16.0%15.8%
HV 20d42.3%28.0%55.2%30.2%52.8%
HV 60d43.3%41.1%45.4%42.5%44.7%
IV Rank46.2%33.5%53.7%52.2%51.3%
IV Percentile63.9%40.5%75.4%73.4%71.4%
Term Structure-1.9%-13.1%4.0%-1.4%0.4%
VWIV54.1%50.5%59.7%55.7%50.5%
Skew 25d4.3%-28.0%30.1%5.8%6.7%
Skew 10d10.7%-24.0%32.2%3.9%8.9%
Call IV 25d48.8%34.7%61.1%40.7%45.1%
Put IV 25d53.1%32.0%64.8%46.6%51.8%
Bid-Ask Spread %58.0027.7699.6585.9999.65
Gamma HHI0.510.190.850.430.19
Net GEX-5.0K-28.5K3.6K-3.6K3.3K
Net DEX141.4K-73.2K308.1K146.8K-67.9K
Net VEX-643-1.1K-458-1.1K-662
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.004.504.500.55
Total Volume24.364022022034
Total OI2,096.9091,4542,3842,3741,550

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$7.38$8.7555.8%16.0%30.2%52.2%55.7%5.8%-1.4%-3.6K146.8K-1.1K4.5085.99N/AN/A401801,778596
2009-03-03$7.13$8.7545.9%13.1%31.5%37.0%0.0%-7.5%-0.0%-5.1K192.1K-8940.0069.87N/AN/A001,778596
2009-03-04$7.25$8.7556.8%16.3%30.6%53.7%0.0%-4.8%-2.5%-5.0K203.5K-8750.0057.22N/AN/A3001,778596
2009-03-05$6.83$8.7543.6%12.5%35.1%33.5%0.0%-28.0%3.1%-4.7K271.9K-6420.0062.27N/AN/A001,788596
2009-03-06$6.68$0.0053.7%17.8%32.5%49.0%0.0%-5.1%-3.7%-4.0K286.2K-6180.0059.79N/AN/A001,788596
2009-03-09$6.61$0.0053.8%17.8%28.0%49.2%0.0%-4.7%-3.5%-3.3K308.1K-4581.0029.03N/AN/A661,788592
2009-03-10$6.97$0.0046.5%15.8%36.9%37.9%0.0%9.2%-3.9%-6.0K267.7K-6390.0058.76N/AN/A401,782592
2009-03-11$6.80$0.0054.2%17.0%37.0%49.8%0.0%3.3%-13.1%-5.3K271.5K-5340.0032.90N/AN/A001,786572
2009-03-12$6.90$0.0052.4%15.0%38.1%46.9%0.0%2.8%-1.9%-5.9K268.8K-5840.0027.76N/AN/A401,786564
2009-03-13$7.05$0.0051.9%14.9%39.4%46.2%0.0%30.1%-4.1%-7.7K247.6K-5650.0034.06N/AN/A2201,790564
2009-03-16$6.96$0.0052.2%15.0%39.4%46.8%52.4%9.4%-1.4%-5.3K295.1K-5010.1732.50N/AN/A1221,784564
2009-03-17$7.28$7.5051.0%14.6%43.6%44.9%0.0%8.4%-2.5%-9.9K204.2K-6020.0061.20N/AN/A601,796562
2009-03-18$7.46$7.5051.4%14.7%44.6%45.5%0.0%7.9%-3.7%-18.1K179.3K-6150.0061.47N/AN/A3001,790562
2009-03-19$7.50$7.5053.8%15.4%44.7%49.2%0.0%5.9%-4.8%-28.5K141.6K-6970.0053.64N/AN/A041,820562
2009-03-20$7.28$7.5051.7%14.8%45.6%45.9%0.0%6.5%-2.2%-19.5K196.0K-5900.0047.18N/AN/A001,820560
2009-03-23$7.73$7.5052.4%15.0%51.1%47.0%52.4%7.7%-0.2%2.4K-34.2K-5400.0070.13N/AN/A2001,354100
2009-03-24$7.49$7.5050.2%14.4%52.2%43.6%0.0%4.6%3.4%3.1K-44.1K-5790.0049.50N/AN/A0201,374100
2009-03-25$7.45$7.5051.9%14.9%52.2%46.3%59.7%8.3%0.7%2.3K-27.9K-5350.1458.82N/AN/A2841,374120
2009-03-26$7.93$6.2551.3%14.7%55.0%45.4%0.0%9.0%-0.1%3.4K-64.8K-6270.0071.45N/AN/A4201,398124
2009-03-27$7.79$6.2550.1%14.4%55.2%43.5%50.5%8.0%4.0%3.6K-73.2K-6810.6063.25N/AN/A1061,438124
2009-03-30$7.70$6.2555.1%15.8%54.5%51.2%0.0%11.0%-4.7%3.0K-57.1K-6260.0089.64N/AN/A2601,426124
2009-03-31$7.79$6.2555.2%15.8%52.8%51.3%0.0%6.7%0.4%3.3K-67.9K-6620.5599.65N/AN/A22121,426124