WWW Options History — May 2018

In May 2018, WWW traded between $29.21 and $33.61. ATM implied volatility averaged 34.2%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 4.8% (HV 20d: 29.4%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 2.73.

Notable Days

  • 2018-05-01: Highest Volume — 1,209 contracts
  • 2018-05-09: Largest IV drop — 42.0% change
  • 2018-05-07: Highest IV Rank — 62.7%
  • 2018-05-01: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.77$29.21$33.61$30.08$33.55
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV34.2%22.4%54.3%45.4%26.8%
Expected Move9.0%6.4%13.0%13.0%7.7%
HV 20d29.4%21.0%33.6%23.1%31.9%
HV 60d27.4%25.9%29.8%27.0%26.1%
IV Rank30.7%12.1%62.7%48.5%19.1%
IV Percentile47.7%1.2%96.8%92.1%11.9%
Term Structure-1.6%-11.2%1.3%-11.2%-0.5%
VWIV33.2%25.9%43.8%41.4%25.9%
Skew 25d4.4%-6.7%8.3%6.3%-6.7%
Skew 10d10.0%-8.9%19.4%8.7%-8.9%
Call IV 25d29.9%25.4%38.0%33.6%26.8%
Put IV 25d34.3%20.1%44.2%39.8%20.1%
Bid-Ask Spread %28.967.2689.5335.9529.59
Gamma HHI0.490.400.790.440.57
Net GEX34.9K-10.2K82.8K63.0K65.9K
Net DEX-3.0M-6.5M57.0K-1.4M-3.1M
Net VEX-15.9K-18.5K-14.1K-17.0K-14.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.730.1410.530.144.21
Total Volume540.5452001,2091,209224
Total OI5,655.54,7877,3774,9635,027

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$30.08$30.0045.4%13.0%23.1%48.5%41.4%6.3%-11.2%63.0K-1.4M-17.0K0.1435.95N/AN/A1,0571522,8802,083
2018-05-02$29.79$30.0044.4%12.7%21.9%47.0%42.0%3.8%-10.4%59.1K-1.1M-16.9K0.1477.18N/AN/A1,0571522,8802,083
2018-05-03$29.32$30.0046.8%9.5%21.0%50.7%41.3%1.4%-2.0%54.2K-324.6K-15.2K0.1589.53N/AN/A1,0391522,8802,083
2018-05-04$29.76$30.0046.9%10.1%21.7%51.0%36.6%1.9%-3.9%58.8K-912.8K-16.1K4.0582.59N/AN/A662672,9122,083
2018-05-07$29.21$30.0054.3%10.5%22.1%62.7%43.8%8.3%-3.6%37.6K57.0K-15.5K10.5332.04N/AN/A515372,9112,183
2018-05-08$29.77$30.0054.3%10.1%22.1%62.6%38.1%6.7%-4.1%37.3K-778.2K-16.1K1.2640.78N/AN/A3944962,9242,492
2018-05-09$31.91$30.0031.5%9.0%33.4%26.5%31.6%4.4%-0.2%82.8K-4.9M-15.6K7.0747.25N/AN/A1299123,0602,810
2018-05-10$31.81$30.0031.3%9.0%33.4%26.2%30.2%3.5%0.8%32.5K-4.5M-17.3K1.5714.14N/AN/A2003153,1083,314
2018-05-11$31.21$30.0031.2%8.9%32.2%26.0%30.4%4.6%0.6%-10.2K-3.3M-18.5K0.7913.51N/AN/A2792213,1313,480
2018-05-14$31.26$30.0031.3%9.0%32.2%26.2%30.7%5.3%0.6%-8.0K-3.8M-17.6K0.6321.00N/AN/A2401523,2143,564
2018-05-15$31.87$30.0032.9%9.4%32.8%28.8%32.9%3.0%-0.3%13.1K-4.9M-16.5K1.9729.52N/AN/A1563083,2153,619
2018-05-16$32.73$30.0027.2%7.8%33.6%19.7%34.6%6.1%1.3%31.7K-6.5M-15.7K2.879.05N/AN/A1604593,2203,836
2018-05-17$32.42$30.0032.9%9.4%32.3%28.6%31.9%4.0%-0.0%-4.9K-6.0M-16.6K1.0811.32N/AN/A1601733,2234,133
2018-05-18$32.35$30.0032.8%9.4%31.5%28.6%32.5%3.8%-0.1%-9.3K-5.9M-16.4K1.138.10N/AN/A1511713,2234,154
2018-05-21$32.86$30.0026.7%7.7%31.5%18.9%29.7%5.8%-0.3%17.0K-2.5M-15.3K1.9710.97N/AN/A1001971,9502,837
2018-05-22$32.94$30.0026.7%7.7%31.4%18.9%27.7%4.6%-0.6%21.6K-2.6M-15.4K2.1310.73N/AN/A641361,9632,874
2018-05-23$32.82$30.0027.3%7.8%31.5%19.8%27.8%3.9%-0.9%17.4K-2.5M-15.3K3.018.98N/AN/A752261,9922,889
2018-05-24$33.21$30.0026.5%7.6%31.6%18.5%32.5%7.5%-0.7%43.0K-2.8M-15.0K3.499.25N/AN/A752622,0042,997
2018-05-25$33.42$30.0025.2%7.2%31.6%16.6%29.3%5.2%0.5%53.6K-3.0M-15.0K4.4417.43N/AN/A592622,0033,069
2018-05-29$33.06$30.0022.4%6.4%32.1%12.1%32.2%5.9%-0.6%44.1K-2.8M-14.4K4.1831.04N/AN/A662762,0063,069
2018-05-30$33.61$30.0027.0%7.8%32.3%19.4%27.9%6.7%-0.8%66.8K-3.2M-14.1K3.197.26N/AN/A632011,9853,058
2018-05-31$33.55$30.0026.8%7.7%31.9%19.1%25.9%-6.7%-0.5%65.9K-3.1M-14.2K4.2129.59N/AN/A431811,9813,046