WWW Options History — May 2019

In May 2019, WWW traded between $28.06 and $37.51. ATM implied volatility averaged 36.5%, placing in the 35.3% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 3.7% (HV 20d: 40.3%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 9.08.

Notable Days

  • 2019-05-08: Highest Volume — 559 contracts
  • 2019-05-09: Largest IV drop — 31.4% change
  • 2019-05-08: Highest IV Rank — 72.2%
  • 2019-05-02: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.44$28.06$37.51$36.69$28.06
Max Pain$32.27$30.00$35.00$35.00$30.00
ATM IV36.5%26.5%56.3%45.1%31.1%
Expected Move9.3%7.6%13.0%12.9%8.9%
HV 20d40.3%20.5%49.2%20.8%46.1%
HV 60d33.4%31.2%38.5%31.7%32.5%
IV Rank35.3%16.7%72.2%51.4%25.3%
IV Percentile59.8%25.0%98.0%90.5%48.8%
Term Structure-1.3%-13.5%4.5%-11.8%-1.0%
VWIV32.1%25.7%48.2%45.3%31.2%
Skew 25d3.5%-6.7%12.8%4.3%8.2%
Skew 10d4.5%-17.5%20.5%4.4%-2.3%
Call IV 25d31.9%22.9%43.7%40.8%31.0%
Put IV 25d35.4%24.2%48.1%45.1%39.2%
Bid-Ask Spread %79.9961.8698.0885.8563.39
Gamma HHI0.480.350.730.700.36
Net GEX23.8K-17.6K121.9K105.9K-8.1K
Net DEX-6.1K-2.2M1.5M-1.8M512.3K
Net VEX-6.1K-13.6K-2.2K-13.2K-2.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.080.0092.174.000.64
Total Volume93.95525591018
Total OI2,263.8642,1842,6422,1982,184

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$36.69$35.0045.1%12.9%20.8%51.4%45.3%4.3%-11.8%105.9K-1.8M-13.2K4.0085.85N/AN/A281,649549
2019-05-02$36.92$35.0045.5%13.0%20.5%52.0%44.8%4.5%-13.5%111.9K-1.9M-13.1K4.0084.44N/AN/A281,649549
2019-05-03$37.51$35.0043.5%12.5%20.8%48.3%48.2%4.4%-13.4%121.9K-2.2M-13.6K0.5083.10N/AN/A211,649549
2019-05-06$36.97$35.0055.0%10.3%21.5%69.7%35.1%6.2%-4.2%111.4K-1.9M-12.9K0.0072.84N/AN/A021,649548
2019-05-07$35.65$35.0053.5%10.5%25.0%66.9%34.2%6.9%-2.8%81.4K-1.3M-11.5K1.0075.20N/AN/A331,649549
2019-05-08$35.36$35.0056.3%10.1%24.6%72.2%35.4%4.8%-2.3%78.0K-1.1M-11.4K92.1778.52N/AN/A65531,646550
2019-05-09$31.74$35.0038.6%9.1%45.3%39.2%27.9%3.7%1.9%-17.6K1.5M-6.8K34.0088.10N/AN/A134421,647995
2019-05-10$31.40$35.0037.1%9.0%45.3%36.4%30.1%6.8%1.2%3.2K845.1K-5.4K1.1784.80N/AN/A671,652688
2019-05-13$29.74$35.0043.2%8.6%48.0%47.8%31.5%12.8%2.7%-8.4K1.2M-3.6K0.5777.41N/AN/A40231,652687
2019-05-14$29.52$35.0036.1%8.4%47.6%34.5%25.7%5.0%2.5%-4.2K1.1M-4.3K6.1882.88N/AN/A714391,702724
2019-05-15$29.52$30.0028.7%8.2%47.6%20.8%28.3%4.2%3.0%-4.2K781.1K-3.7K37.0074.82N/AN/A1371,746628
2019-05-16$29.70$30.0028.3%8.1%47.6%19.9%28.2%-6.7%3.6%-2.9K735.8K-3.6K2.8978.63N/AN/A27781,747635
2019-05-17$29.60$30.0026.5%7.6%47.5%16.7%26.5%-1.9%4.5%-1.6K760.8K-3.9K2.1589.08N/AN/A39841,769647
2019-05-20$29.24$30.0029.9%8.6%47.2%23.0%29.9%3.5%-0.1%-1.4K269.0K-3.8K0.2481.05N/AN/A1741,743446
2019-05-21$30.18$30.0028.1%8.1%49.2%19.6%28.0%7.2%0.7%-13.8K268.8K-2.2K0.3589.32N/AN/A1761,745444
2019-05-22$30.09$30.0028.0%8.0%46.5%19.4%27.9%0.4%1.1%927132.5K-3.8K0.3598.08N/AN/A1761,745442
2019-05-23$29.01$30.0029.9%8.6%47.3%23.0%29.9%3.6%0.4%-3.5K316.0K-3.3K0.3381.28N/AN/A1861,745442
2019-05-24$29.20$30.0028.7%8.2%47.6%20.8%28.7%4.4%0.1%-3.2K279.4K-3.3K1.8061.86N/AN/A591,748442
2019-05-28$28.78$30.0029.6%8.5%46.7%22.3%29.6%-6.7%-0.3%-6.4K393.9K-2.8K0.0075.01N/AN/A1101,749448
2019-05-29$28.41$30.0029.4%8.4%46.6%22.1%29.5%8.3%0.5%-8.3K464.7K-2.7K0.6472.06N/AN/A1171,746448
2019-05-30$28.43$30.0031.4%9.0%46.6%25.9%31.5%-6.1%-1.4%-8.3K458.4K-2.6K0.6481.97N/AN/A1171,746438
2019-05-31$28.06$30.0031.1%8.9%46.1%25.3%31.2%8.2%-1.0%-8.1K512.3K-2.3K0.6463.39N/AN/A1171,746438