WWW Options History — December 2018

In December 2018, WWW traded between $30.97 and $35.43. ATM implied volatility averaged 37.9%, placing in the 41.0% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 5.2% (HV 20d: 32.7%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 39.76.

Notable Days

  • 2018-12-04: Highest Volume — 3,013 contracts
  • 2018-12-11: Largest IV drop — 24.4% change
  • 2018-12-27: Highest IV Rank — 54.2%
  • 2018-12-27: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.75$30.97$35.43$35.43$31.77
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV37.9%28.4%45.4%33.5%44.7%
Expected Move10.9%9.3%13.0%9.6%12.8%
HV 20d32.7%28.4%46.5%44.6%32.0%
HV 60d38.1%36.9%39.7%36.9%38.6%
IV Rank41.0%24.1%54.2%33.0%52.9%
IV Percentile74.0%40.1%91.3%65.9%89.7%
Term Structure-1.2%-6.9%2.9%-0.6%-5.4%
VWIV39.3%33.5%45.3%33.5%42.0%
Skew 25d5.9%2.3%14.3%14.3%2.3%
Skew 10d9.0%-6.8%36.3%23.8%-6.8%
Call IV 25d34.9%25.6%42.8%25.6%41.5%
Put IV 25d40.8%37.0%46.2%39.9%43.8%
Bid-Ask Spread %76.8256.5893.1457.3556.58
Gamma HHI0.490.400.600.530.47
Net GEX-312.4K-838.7K-121.1K-838.7K-139.7K
Net DEX13.9M11.7M17.4M13.8M12.1M
Net VEX-28.3K-49.1K-19.6K-49.1K-20.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio39.760.00250.085.001.59
Total Volume356.3503,0131233
Total OI7,517.65,9279,7719,7716,063

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$35.43$35.0033.5%9.6%44.6%33.0%33.5%14.3%-0.6%-838.7K13.8M-49.1K5.0057.35N/AN/A2101,1538,618
2018-12-04$34.08$35.0034.0%9.8%46.5%34.0%34.0%3.3%-1.8%-769.8K17.4M-41.9K250.0884.95N/AN/A123,0011,1558,608
2018-12-05$34.09$35.0036.0%10.3%46.3%37.5%36.0%4.1%-3.1%-739.0K17.1M-42.2K250.0885.89N/AN/A123,0011,1558,608
2018-12-06$34.21$35.0034.4%9.4%29.9%34.7%39.7%4.9%1.5%-394.5K12.5M-35.2K1.4870.26N/AN/A50741,1656,408
2018-12-07$33.72$35.0033.8%9.4%28.5%33.6%37.8%5.4%1.6%-376.6K13.1M-35.1K1.2384.97N/AN/A60741,1506,453
2018-12-10$33.10$35.0037.6%9.8%28.9%40.3%0.0%5.4%1.1%-335.1K13.7M-31.8K0.0080.93N/AN/A0151,1706,447
2018-12-11$33.22$35.0028.4%9.7%28.4%24.1%43.5%10.8%1.9%-349.1K13.8M-31.2K0.0059.47N/AN/A0271,1706,447
2018-12-12$33.74$35.0032.9%9.4%28.8%32.0%39.3%10.5%2.4%-393.2K13.3M-31.3K0.0072.54N/AN/A0321,1706,463
2018-12-13$32.67$35.0032.6%9.3%30.4%31.5%34.6%5.4%2.9%-196.8K15.1M-25.2K3.3070.93N/AN/A10331,1706,463
2018-12-14$32.31$35.0038.6%11.1%30.6%42.1%34.0%4.5%-2.4%-186.1K15.1M-25.0K0.6587.81N/AN/A51331,1706,463
2018-12-17$31.78$35.0037.7%10.8%30.9%40.5%0.0%4.0%1.5%-208.9K15.2M-22.9K0.0088.46N/AN/A001,1906,463
2018-12-18$32.39$35.0039.6%11.4%31.0%44.0%0.0%4.0%-1.7%-170.0K15.2M-22.4K0.0085.39N/AN/A901,1906,463
2018-12-19$31.74$35.0040.4%11.6%31.3%45.4%0.0%5.3%-1.5%-245.5K14.8M-23.1K0.0091.89N/AN/A901,1816,463
2018-12-20$31.59$35.0041.1%11.8%29.8%46.6%41.8%10.4%-0.1%-167.5K14.5M-20.6K0.6376.11N/AN/A19121,1816,218
2018-12-21$31.09$35.0039.1%11.2%30.1%42.9%39.0%4.0%0.5%-121.1K14.7M-19.6K0.5883.99N/AN/A19111,1906,229
2018-12-24$30.97$35.0044.6%12.8%29.1%52.7%44.3%3.4%-6.9%-123.8K12.0M-20.5K2.1993.14N/AN/A31688875,040
2018-12-26$32.54$35.0039.4%11.3%33.7%43.5%45.3%6.5%-2.3%-167.8K11.7M-23.0K0.0083.62N/AN/A01298875,091
2018-12-27$32.24$35.0045.4%13.0%31.8%54.2%44.6%4.2%-6.1%-161.3K11.8M-23.1K0.0065.13N/AN/A01118875,119
2018-12-28$32.39$35.0045.3%13.0%31.8%53.9%42.0%5.3%-4.6%-163.9K11.8M-22.9K1.5957.08N/AN/A691108875,117
2018-12-31$31.77$35.0044.7%12.8%32.0%52.9%0.0%2.3%-5.4%-139.7K12.1M-20.8K0.0056.58N/AN/A0339475,116