WWW Options History — February 2020

In February 2020, WWW traded between $25.84 and $32.76. ATM implied volatility averaged 44.3%, placing in the 52.3% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 20.9% (HV 20d: 23.4%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 3 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 75.19.

Notable Days

  • 2020-02-27: Highest Volume — 741 contracts
  • 2020-02-07: Largest IV spike — 102.7% change
  • 2020-02-07: Highest IV Rank — 82.6%
  • 2020-02-28: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.87$25.84$32.76$31.83$25.84
Max Pain$34.21$30.00$35.00$30.00$35.00
ATM IV44.3%29.8%60.4%49.4%56.5%
Expected Move12.4%9.7%16.2%14.2%16.2%
HV 20d23.4%17.0%35.3%17.0%35.3%
HV 60d21.3%18.6%26.4%23.0%26.4%
IV Rank52.3%25.0%82.6%62.0%75.2%
IV Percentile80.2%36.5%98.8%93.3%96.4%
Term Structure-6.6%-10.8%-1.9%-10.2%-8.5%
VWIV41.9%16.8%59.5%48.9%59.5%
Skew 25d8.2%-4.2%22.2%4.7%-4.2%
Skew 10d14.0%-6.0%35.7%1.1%-6.0%
Call IV 25d38.6%25.5%65.5%43.7%65.5%
Put IV 25d46.8%38.8%61.3%48.4%61.3%
Bid-Ask Spread %81.8574.3497.9177.0685.48
Gamma HHI0.560.320.920.370.32
Net GEX-27.5K-83.0K570-515-19.9K
Net DEX733.0K139.9K2.1M217.7K1.2M
Net VEX-2.2K-3.8K-1.5K-1.6K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio75.190.00740.000.00103.00
Total Volume101.789074112208
Total OI858.4214941,4004941,004

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$31.83$30.0049.4%14.2%17.0%62.0%48.9%4.7%-10.2%-515217.7K-1.6K0.0077.06N/AN/A012218276
2020-02-04$32.10$30.0050.3%14.4%17.4%63.7%0.0%6.1%-10.8%-1.5K216.7K-1.7K0.0090.54N/AN/A00218288
2020-02-05$32.74$30.0033.8%9.7%18.9%32.5%0.0%7.7%-7.3%-814155.8K-1.8K0.0090.91N/AN/A30218288
2020-02-06$32.76$35.0029.8%9.8%18.9%25.0%37.0%8.5%-1.9%-262146.8K-1.8K0.0075.73N/AN/A230221288
2020-02-07$31.79$35.0060.4%11.6%21.5%82.6%40.5%7.0%-5.5%570184.0K-1.6K0.0078.96N/AN/A010242288
2020-02-10$31.53$35.0054.2%11.8%21.3%71.1%41.2%7.8%-6.3%280210.2K-1.5K2.5074.34N/AN/A25242298
2020-02-11$31.59$35.0034.5%11.7%20.2%33.9%0.0%8.4%-5.2%-1.2K218.1K-1.5K0.0075.67N/AN/A00241301
2020-02-12$32.42$35.0041.9%12.0%22.6%47.8%0.0%6.6%-6.1%32139.9K-1.7K0.0082.23N/AN/A00241300
2020-02-13$31.91$35.0039.5%11.3%23.1%43.2%39.4%3.4%-4.3%-315207.8K-1.5K19.3382.86N/AN/A358241300
2020-02-14$31.75$35.0041.9%12.0%20.7%47.7%42.3%8.2%-3.6%-6.5K270.5K-1.6K25.0080.72N/AN/A10250241358
2020-02-18$31.75$35.0045.3%13.0%20.7%54.3%45.6%8.2%-9.0%-25.9K473.6K-2.4K0.0076.79N/AN/A0250251595
2020-02-19$31.97$35.0045.1%12.9%20.8%53.9%44.4%7.9%-8.5%-63.7K830.4K-3.8K10.0075.27N/AN/A1102511,039
2020-02-20$32.12$35.0045.9%13.1%21.0%55.3%45.9%7.1%-9.3%-63.3K813.4K-3.7K0.0079.30N/AN/A022521,049
2020-02-21$31.26$35.0047.0%13.5%22.6%57.4%0.0%9.8%-9.3%-68.5K1.0M-3.6K0.0075.05N/AN/A602521,049
2020-02-24$29.84$35.0049.6%14.2%27.3%62.4%49.0%22.2%-9.0%-70.7K1.5M-3.3K0.7478.21N/AN/A62462071,029
2020-02-25$28.48$35.0034.3%9.8%31.0%33.6%37.8%8.4%-3.8%-83.0K1.9M-2.5K0.7891.35N/AN/A50392591,078
2020-02-26$27.60$35.0034.6%9.9%32.0%34.0%39.1%7.8%-2.2%-64.6K2.1M-1.9K0.9186.76N/AN/A75682331,054
2020-02-27$27.19$35.0047.3%13.6%32.0%58.0%16.8%20.1%-4.6%-52.2K2.1M-2.0K740.0097.91N/AN/A17403051,095
2020-02-28$25.84$35.0056.5%16.2%35.3%75.2%59.5%-4.2%-8.5%-19.9K1.2M-1.5K103.0085.48N/AN/A2206305699