WWW Options History — March 2020

In March 2020, WWW traded between $13.20 and $26.22. ATM implied volatility averaged 94.5%, placing in the 69.7% IV rank vs the trailing year. The 30-day expected move averaged 26.1%. IV traded above realized volatility by 12.7% (HV 20d: 81.8%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.68.

Notable Days

  • 2020-03-09: Highest Volume — 79 contracts
  • 2020-03-09: Largest IV spike — 79.3% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 51.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.97$13.20$26.22$26.22$15.06
Max Pain$26.36$25.00$35.00$35.00$25.00
ATM IV94.5%41.4%179.4%48.4%94.9%
Expected Move26.1%11.9%51.4%13.9%27.2%
HV 20d81.8%35.2%131.7%36.1%131.7%
HV 60d53.1%25.9%79.5%26.6%79.5%
IV Rank69.7%46.9%100.0%60.0%48.1%
IV Percentile96.8%74.6%100.0%90.9%95.6%
Term Structure-16.1%-53.6%12.0%-8.2%-10.1%
VWIV101.7%52.4%165.8%52.4%97.7%
Skew 25d18.0%-20.1%39.9%20.2%6.5%
Skew 10d31.6%-9.4%57.4%30.6%48.2%
Call IV 25d81.1%29.8%150.2%29.8%97.5%
Put IV 25d99.1%46.6%190.1%50.0%104.0%
Bid-Ask Spread %92.4772.65113.8274.80104.09
Gamma HHI0.300.190.540.310.34
Net GEX-3.9K-15.2K1.9K-15.2K1.3K
Net DEX544.0K2211.2M1.2M20.2K
Net VEX-548-1.0K-167-913-307
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.005.000.000.00
Total Volume11.09107904
Total OI657.955211966936282

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$26.22$35.0048.4%13.9%36.1%60.0%0.0%20.2%-8.2%-15.2K1.2M-9130.0074.80N/AN/A00305631
2020-03-03$25.64$35.0051.2%14.7%35.9%65.3%0.0%15.8%-1.3%-14.2K1.2M-9120.0094.31N/AN/A00305631
2020-03-04$25.49$35.0041.4%11.9%35.2%46.9%0.0%-0.5%-2.5%-11.5K1.2M-6960.0086.10N/AN/A00305631
2020-03-05$24.34$25.0065.0%14.9%35.2%91.2%0.0%3.9%-3.6%-12.0K1.2M-8460.0084.47N/AN/A300305631
2020-03-06$24.74$25.0059.3%15.9%36.6%80.5%52.4%2.0%-8.8%-13.5K1.1M-9720.0072.65N/AN/A04335631
2020-03-09$23.34$25.00106.2%22.5%39.4%100.0%73.7%26.6%-22.9%-10.8K778.8K-1.0K0.0577.62N/AN/A754335496
2020-03-10$23.77$25.0088.2%15.8%41.2%79.9%0.0%20.8%-1.4%-5.4K747.2K-9650.5075.73N/AN/A21408493
2020-03-11$22.45$25.0063.7%18.3%43.4%52.6%0.0%17.9%-9.7%-5.3K792.1K-8780.0073.85N/AN/A210410494
2020-03-12$20.14$25.0085.1%24.4%51.3%76.5%107.2%10.3%-16.3%-2.5K781.5K-7320.0091.15N/AN/A05431494
2020-03-13$20.71$25.0085.0%24.4%54.4%76.4%87.3%13.8%-23.3%-2.9K852.1K-6140.0081.47N/AN/A02431495
2020-03-16$18.66$25.00106.9%30.6%61.4%100.0%0.0%28.6%-28.2%-1.6K780.4K-5230.0087.49N/AN/A02431494
2020-03-17$14.71$25.00130.5%37.4%96.0%100.0%92.1%9.5%-38.9%108365.6K-2655.00109.75N/AN/A15431277
2020-03-18$13.20$25.00179.4%51.4%97.5%100.0%165.8%39.9%-46.3%343325.5K-3060.50113.47N/AN/A63432279
2020-03-19$15.64$25.00130.3%37.4%122.8%69.9%133.6%35.5%-30.8%582236.5K-3120.00104.85N/AN/A02438180
2020-03-20$14.95$25.00107.9%30.9%122.8%56.1%0.0%-20.1%-53.6%457229.0K-2600.00105.79N/AN/A00438182
2020-03-23$14.62$25.00115.7%33.2%122.8%60.9%0.0%32.2%-10.5%54142.6K-2510.0097.41N/AN/A0015754
2020-03-24$14.49$25.00106.5%30.5%123.1%55.2%0.0%27.8%-9.1%46050.3K-1810.0097.49N/AN/A0015754
2020-03-25$13.75$25.00123.7%35.5%123.3%65.8%105.7%30.5%12.0%32347.3K-1670.0295.16N/AN/A46115754
2020-03-26$14.32$25.0093.8%26.9%126.0%47.4%0.0%27.8%-6.2%1.1K16.8K-2950.0098.51N/AN/A0020255
2020-03-27$15.42$25.00100.4%28.8%131.2%51.5%97.7%26.3%-10.8%1.2K11.7K-3120.0094.44N/AN/A15020255
2020-03-30$15.75$25.0095.0%27.2%131.5%48.2%0.0%21.2%-24.1%1.9K221-3080.00113.82N/AN/A01521255
2020-03-31$15.06$25.0094.9%27.2%131.7%48.1%0.0%6.5%-10.1%1.3K20.2K-3070.00104.09N/AN/A4021270