WWW Options History — January 2019

In January 2019, WWW traded between $31.95 and $34.22. ATM implied volatility averaged 35.2%, placing in the 32.9% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 8.7% (HV 20d: 26.5%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.38.

Notable Days

  • 2019-01-02: Highest Volume — 144 contracts
  • 2019-01-17: Largest IV drop — 23.1% change
  • 2019-01-03: Highest IV Rank — 53.3%
  • 2019-01-02: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.12$31.95$34.22$32.16$34.20
Max Pain$35.24$35.00$40.00$35.00$40.00
ATM IV35.2%29.0%46.2%44.8%29.6%
Expected Move9.9%8.3%12.8%12.8%10.4%
HV 20d26.5%18.4%31.4%31.4%18.4%
HV 60d36.3%33.1%38.8%38.8%33.1%
IV Rank32.9%21.3%53.3%53.1%22.4%
IV Percentile59.4%37.3%92.1%89.7%39.7%
Term Structure3.3%-6.9%7.6%-6.9%-2.0%
VWIV35.3%28.0%38.5%37.9%28.0%
Skew 25d4.0%-9.3%10.5%4.9%5.0%
Skew 10d5.6%-16.6%20.8%0.2%5.6%
Call IV 25d33.1%28.3%39.0%39.0%35.8%
Put IV 25d37.1%24.9%43.8%43.8%40.8%
Bid-Ask Spread %77.1455.5686.0355.5675.99
Gamma HHI0.470.430.530.470.51
Net GEX-150.7K-187.6K-120.2K-146.3K-166.1K
Net DEX11.9M11.3M12.4M12.1M11.7M
Net VEX-18.4K-22.0K-16.1K-20.4K-16.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.380.0013.500.3113.50
Total Volume44.143014414429
Total OI6,045.7145,8036,2546,0625,803

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$32.16$35.0044.8%12.8%31.4%53.1%37.9%4.9%-6.9%-146.3K12.1M-20.4K0.3155.56N/AN/A110349475,115
2019-01-03$31.95$35.0046.2%11.4%28.7%53.3%36.2%6.7%1.2%-129.4K12.1M-19.0K0.3170.66N/AN/A110341,0565,116
2019-01-04$32.28$35.0044.4%11.1%29.1%49.9%33.1%5.5%2.0%-135.8K12.1M-19.2K0.3166.52N/AN/A110341,0565,116
2019-01-07$32.60$35.0038.1%10.2%29.4%38.2%0.0%6.1%1.8%-146.9K11.9M-20.0K0.1083.06N/AN/A2021,0565,115
2019-01-08$33.17$35.0036.4%9.5%29.8%35.1%0.0%10.5%3.6%-162.8K11.6M-22.0K0.6576.23N/AN/A20131,0765,115
2019-01-09$33.25$35.0033.2%9.5%29.1%29.1%0.0%8.8%3.8%-164.8K11.6M-21.8K0.6582.74N/AN/A20131,0765,124
2019-01-10$32.16$35.0038.7%11.1%31.4%39.3%38.5%4.7%2.3%-130.8K12.3M-18.0K0.8581.75N/AN/A20171,0765,124
2019-01-11$32.30$35.0037.9%10.9%30.8%37.8%37.9%2.9%2.9%-131.7K12.3M-17.7K0.5982.85N/AN/A29171,0765,124
2019-01-14$32.41$35.0040.4%11.6%28.7%42.6%0.0%6.6%1.7%-133.1K12.3M-17.6K0.0066.57N/AN/A3701,0765,124
2019-01-15$32.30$35.0037.4%10.7%28.5%37.0%0.0%4.0%3.3%-120.2K12.4M-16.1K0.0082.86N/AN/A3701,1135,124
2019-01-16$32.45$35.0039.8%11.4%27.8%41.4%0.0%7.3%1.7%-127.6K12.3M-17.6K0.0077.51N/AN/A3701,1135,124
2019-01-17$33.01$35.0030.6%8.8%27.7%24.3%0.0%5.2%4.8%-138.0K12.3M-17.4K1.2483.12N/AN/A37461,1135,124
2019-01-18$33.26$35.0029.0%8.3%26.6%21.4%0.0%5.8%6.4%-145.2K12.2M-17.6K0.7082.80N/AN/A37261,1135,141
2019-01-22$33.75$35.0031.6%9.1%26.8%26.2%0.0%2.0%4.4%-162.1K11.6M-18.1K0.0080.35N/AN/A209314,873
2019-01-23$34.22$35.0030.5%8.7%26.0%24.0%0.0%4.1%6.2%-187.6K11.3M-19.2K2.0080.60N/AN/A249324,873
2019-01-24$33.91$35.0030.1%8.6%26.3%23.5%0.0%4.9%5.9%-167.3K11.6M-18.0K1.0080.57N/AN/A449344,869
2019-01-25$34.21$35.0029.5%8.5%20.4%22.3%0.0%2.1%6.1%-180.2K11.4M-18.8K1.0062.73N/AN/A449344,869
2019-01-28$33.95$35.0030.8%8.8%20.3%24.6%0.0%-9.3%5.9%-161.0K11.7M-17.0K0.0078.68N/AN/A009344,869
2019-01-29$34.00$35.0030.7%8.8%20.3%24.5%0.0%3.9%5.9%-167.2K11.6M-16.8K0.0082.85N/AN/A069344,869
2019-01-30$34.00$35.0029.0%8.3%18.6%21.3%0.0%-7.7%7.6%-159.7K11.7M-16.9K3.0086.03N/AN/A269344,869
2019-01-31$34.20$40.0029.6%10.4%18.4%22.4%28.0%5.0%-2.0%-166.1K11.7M-16.5K13.5075.99N/AN/A2279344,869