WWW Options History — August 2019

In August 2019, WWW traded between $23.14 and $27.27. ATM implied volatility averaged 39.2%, placing in the 41.4% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded below realized volatility by 1.3% (HV 20d: 40.5%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 14.51.

Notable Days

  • 2019-08-05: Highest Volume — 183 contracts
  • 2019-08-07: Largest IV drop — 30.8% change
  • 2019-08-05: Highest IV Rank — 96.9%
  • 2019-08-02: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.36$23.14$27.27$26.40$25.95
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV39.2%28.2%69.6%57.6%34.0%
Expected Move10.4%8.1%16.5%16.5%9.8%
HV 20d40.5%21.9%51.2%21.9%49.9%
HV 60d29.9%23.5%33.1%31.7%33.1%
IV Rank41.4%21.3%96.9%75.0%32.0%
IV Percentile62.0%26.2%99.6%98.0%53.6%
Term Structure-2.8%-18.2%2.9%-17.9%-2.1%
VWIV38.6%28.2%58.0%58.0%33.7%
Skew 25d5.0%1.4%9.8%6.7%4.7%
Skew 10d7.3%-20.5%17.3%10.9%-0.1%
Call IV 25d33.2%24.4%53.6%53.6%26.9%
Put IV 25d38.2%29.6%60.3%60.3%31.6%
Bid-Ask Spread %75.7164.5186.7681.1181.23
Gamma HHI0.520.350.940.420.40
Net GEX-17.2K-125.3K13.0K-5.7K13.0K
Net DEX132.3K-316.0K1.2M-19.1K-262.1K
Net VEX-2.2K-2.7K-1.3K-2.2K-2.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio14.510.00101.001.470.00
Total Volume51.04501831801
Total OI2,039.2731,6982,3011,8291,935

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$26.40$25.0057.6%16.5%21.9%75.0%58.0%6.7%-17.9%-5.7K-19.1K-2.2K1.4781.11N/AN/A731071,457372
2019-08-02$26.77$25.0057.7%16.5%22.6%75.2%44.1%4.8%-18.2%-7.2K-58.4K-2.3K0.0984.27N/AN/A4441,505477
2019-08-05$26.78$25.0069.6%12.6%22.4%96.9%43.8%7.1%-5.7%-5.7K-100.7K-2.4K0.0067.95N/AN/A01831,529480
2019-08-06$27.27$25.0057.9%12.1%22.9%75.6%41.3%1.4%-4.4%-14.6K-91.5K-2.5K50.0072.03N/AN/A1501,529660
2019-08-07$25.75$25.0040.1%9.7%30.7%43.0%33.8%4.7%0.3%-66.7K270.5K-2.3K1.0674.26N/AN/A53561,530722
2019-08-08$27.16$25.0028.2%9.4%36.2%21.3%0.0%2.9%0.3%-149-316.0K-1.8K0.0080.63N/AN/A101,576709
2019-08-09$25.91$25.0035.6%9.4%38.7%34.9%0.0%4.3%1.6%-68.5K75.2K-2.3K0.0082.23N/AN/A001,576709
2019-08-12$25.12$25.0043.6%9.4%40.0%49.4%0.0%7.4%2.0%-99.2K379.3K-2.2K13.0086.76N/AN/A1131,576699
2019-08-13$25.13$25.0039.0%8.7%39.5%41.0%0.0%9.8%2.9%-125.3K348.1K-2.0K1.0074.06N/AN/A111,575688
2019-08-14$23.91$25.0034.4%9.9%42.7%32.6%0.0%5.3%0.8%-57.7K983.9K-1.7K0.0075.69N/AN/A091,574687
2019-08-15$23.14$25.0034.6%9.9%43.7%33.0%34.8%4.8%1.7%6961.2M-1.3K0.0076.02N/AN/A0461,574685
2019-08-16$23.51$25.0042.3%12.1%44.1%47.0%34.2%7.1%-13.0%3.1K1.2M-1.5K33.5073.98N/AN/A41341,574727
2019-08-19$23.91$25.0030.0%8.6%44.8%24.6%34.5%2.2%-0.8%-2.0K87.6K-1.7K101.0073.93N/AN/A11011,411287
2019-08-20$24.49$25.0028.3%8.1%45.2%21.5%28.2%3.4%0.8%-2.3K90.6K-2.4K0.0072.50N/AN/A9801,413388
2019-08-21$25.13$25.0029.3%8.4%46.4%23.4%0.0%4.2%0.2%7.9K-97.2K-2.5K0.0076.06N/AN/A1101,475388
2019-08-22$25.72$25.0031.0%8.9%47.4%26.4%0.0%4.2%-0.5%9.5K-183.5K-2.5K0.0079.00N/AN/A001,476388
2019-08-23$24.53$25.0033.2%9.5%49.8%30.4%0.0%7.8%-2.1%3.5K22.3K-2.5K0.0064.51N/AN/A001,476388
2019-08-26$25.05$25.0034.8%10.0%50.7%33.4%0.0%5.2%-2.8%6.8K-77.4K-2.5K0.0072.20N/AN/A10901,476388
2019-08-27$24.97$25.0033.7%9.7%50.7%31.3%33.7%4.6%-1.8%9.0K-87.2K-2.7K2.0072.98N/AN/A6121,530388
2019-08-28$25.36$25.0034.8%10.0%51.2%33.4%0.0%4.4%-2.3%9.4K-127.4K-2.7K0.0073.41N/AN/A301,532400
2019-08-29$25.86$25.0032.6%9.4%50.2%29.4%0.0%3.0%-1.2%13.0K-234.4K-2.6K0.0070.82N/AN/A001,535400
2019-08-30$25.95$25.0034.0%9.8%49.9%32.0%0.0%4.7%-2.1%13.0K-262.1K-2.6K0.0081.23N/AN/A011,535400