WWW Options History — March 2019

In March 2019, WWW traded between $34.75 and $36.20. ATM implied volatility averaged 27.9%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 7.8% (HV 20d: 35.8%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.91.

Notable Days

  • 2019-03-22: Highest Volume — 120 contracts
  • 2019-03-12: Largest IV drop — 13.8% change
  • 2019-03-11: Highest IV Rank — 27.3%
  • 2019-03-26: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.54$34.75$36.20$36.20$35.80
Max Pain$36.76$35.00$40.00$40.00$35.00
ATM IV27.9%25.2%32.2%30.8%26.5%
Expected Move8.9%8.4%9.4%8.8%9.3%
HV 20d35.8%15.8%48.5%47.6%20.4%
HV 60d32.9%31.3%34.5%34.5%31.3%
IV Rank19.3%14.2%27.3%24.6%16.6%
IV Percentile30.7%10.3%51.6%45.6%25.0%
Term Structure3.9%-2.1%7.0%-2.1%6.1%
VWIV29.7%26.7%31.8%27.7%29.9%
Skew 25d4.3%-1.1%11.2%5.3%3.0%
Skew 10d6.1%-1.5%18.1%7.0%3.4%
Call IV 25d23.8%17.3%28.6%25.5%23.0%
Put IV 25d28.1%23.0%33.3%30.8%26.0%
Bid-Ask Spread %67.3548.8778.4672.3272.61
Gamma HHI0.480.450.670.480.46
Net GEX-46.9K-249.4K10.7K-249.4K-14.2K
Net DEX6.2M-1.1M13.7M11.6M-956.2K
Net VEX-18.6K-25.9K-15.3K-25.9K-16.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.910.0012.330.220.47
Total Volume35.8111202828
Total OI5,769.7142,6448,5728,5502,736

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$36.20$40.0030.8%8.8%47.6%24.6%27.7%5.3%-2.1%-249.4K11.6M-25.9K0.2272.32N/AN/A2352,4456,105
2019-03-04$35.49$40.0030.6%8.8%48.2%24.3%30.6%5.2%2.6%-101.4K12.9M-22.4K0.0071.22N/AN/A2202,4466,105
2019-03-05$35.91$40.0031.0%8.9%48.1%25.0%31.0%5.1%2.5%-137.1K12.3M-22.2K0.0070.42N/AN/A1302,4466,105
2019-03-06$35.53$40.0030.0%8.6%48.2%23.2%30.0%5.0%2.1%-73.8K12.9M-21.5K0.0048.87N/AN/A2302,4466,105
2019-03-07$35.64$40.0030.5%8.7%47.9%24.1%30.5%6.2%2.6%-70.5K12.6M-21.2K0.0451.79N/AN/A2312,4666,084
2019-03-08$34.95$40.0031.0%8.9%48.5%25.0%30.7%4.5%2.7%-46.5K13.7M-20.3K0.0860.95N/AN/A2522,4666,083
2019-03-11$35.22$35.0032.2%8.7%48.5%27.3%0.0%4.2%2.5%-47.6K13.2M-19.3K0.0058.30N/AN/A102,4666,084
2019-03-12$35.12$35.0027.8%8.7%45.9%19.0%29.1%3.5%2.8%-56.0K13.5M-18.9K0.0059.46N/AN/A502,4656,084
2019-03-13$35.68$35.0026.4%8.6%43.4%16.5%28.0%11.2%3.4%-45.0K12.2M-18.8K0.3362.59N/AN/A2172,4656,084
2019-03-14$35.60$35.0026.3%8.5%42.7%16.3%27.8%9.6%3.5%-52.8K11.7M-18.1K0.6761.43N/AN/A21142,4836,080
2019-03-15$35.50$35.0025.7%8.4%42.6%15.2%26.7%2.6%3.8%-1.3K11.2M-17.0K0.6370.83N/AN/A19122,4836,089
2019-03-18$36.06$0.0025.2%9.2%42.4%14.2%0.0%6.7%7.0%6.2K-1.1M-17.4K0.0072.41N/AN/A0211,688957
2019-03-19$36.01$0.0026.9%9.0%42.3%17.4%0.0%7.0%4.4%9.5K-1.1M-17.4K0.9572.98N/AN/A22211,688956
2019-03-20$35.91$0.0026.5%9.1%17.1%16.6%0.0%6.6%4.7%10.7K-1.1M-17.3K10.4478.46N/AN/A9941,709956
2019-03-21$36.00$0.0026.0%9.1%15.8%15.8%31.5%4.9%5.6%2.6K-1.0M-17.4K10.5672.01N/AN/A9951,7171,000
2019-03-22$34.75$35.0026.5%9.1%20.0%16.7%31.8%-1.1%5.1%-22.9K-178.3K-15.6K12.3374.75N/AN/A91111,7171,001
2019-03-25$34.85$35.0026.5%9.1%20.0%16.6%0.0%-0.8%5.3%-29.0K-237.8K-15.3K0.0063.84N/AN/A1601,7171,023
2019-03-26$35.06$35.0026.0%9.4%20.2%15.7%0.0%-0.9%6.6%-29.4K-401.9K-16.1K0.3874.56N/AN/A1661,7171,023
2019-03-27$35.30$35.0027.1%9.3%20.3%17.7%30.6%0.1%4.9%-24.1K-540.7K-15.9K0.5671.53N/AN/A18101,7171,023
2019-03-28$35.76$35.0027.1%9.3%20.7%17.7%30.0%2.9%5.5%-12.1K-905.8K-16.5K0.5873.09N/AN/A19111,7191,015
2019-03-29$35.80$35.0026.5%9.3%20.4%16.6%29.9%3.0%6.1%-14.2K-956.2K-16.3K0.4772.61N/AN/A1991,7211,015