WWW Options History — April 2020

In April 2020, WWW traded between $12.57 and $21.86. ATM implied volatility averaged 79.8%, placing in the 38.9% IV rank vs the trailing year. The 30-day expected move averaged 23.4%. IV traded below realized volatility by 61.6% (HV 20d: 141.4%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 3.35.

Notable Days

  • 2020-04-30: Highest Volume — 252 contracts
  • 2020-04-30: Largest IV spike — 33.9% change
  • 2020-04-01: Highest IV Rank — 67.1%
  • 2020-04-01: Largest Expected Move — 36.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.64$12.57$21.86$12.87$20.54
Max Pain$15.71$15.00$20.00$15.00$20.00
ATM IV79.8%55.3%125.9%125.9%74.0%
Expected Move23.4%15.8%36.1%36.1%21.2%
HV 20d141.4%118.9%170.2%139.2%118.9%
HV 60d102.1%84.8%112.4%84.8%112.4%
IV Rank38.9%23.8%67.1%67.1%35.3%
IV Percentile90.8%80.6%98.8%98.8%89.3%
Term Structure-8.6%-30.2%9.5%-14.3%-7.2%
VWIV71.3%45.8%102.5%102.5%70.1%
Skew 25d26.0%-5.1%102.9%30.9%18.9%
Skew 10d50.3%0.0%103.3%27.8%12.4%
Call IV 25d69.0%35.0%101.5%101.5%60.1%
Put IV 25d95.0%44.3%177.4%132.4%79.0%
Bid-Ask Spread %83.8863.96105.91105.9194.47
Gamma HHI0.400.230.770.410.26
Net GEX3.4K-1.2K9.0K1.0K6.5K
Net DEX-200.3K-593.2K24.4K-10.5K-461.4K
Net VEX-1.1K-3.3K-224-224-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.350.0019.600.442.88
Total Volume69.0951252199252
Total OI554.3332461,0022461,002

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$12.87$15.00125.9%36.1%139.2%67.1%102.5%30.9%-14.3%1.0K-10.5K-2240.44105.91N/AN/A1386121531
2020-04-02$13.32$15.0092.4%28.6%141.2%46.6%0.0%3.5%-7.6%4.8K-51.9K-52810.0083.48N/AN/A22035790
2020-04-03$12.57$15.00107.9%32.1%140.5%56.1%0.0%32.2%-25.2%2.3K-28.4K-5120.0072.48N/AN/A20359110
2020-04-06$14.71$15.0087.7%26.5%155.5%43.7%45.8%32.9%-13.7%5.8K-142.6K-6100.0074.38N/AN/A50361107
2020-04-07$15.43$15.0066.5%24.9%156.9%30.7%79.2%23.7%-4.9%8.6K-184.6K-6700.0276.62N/AN/A521366107
2020-04-08$18.28$15.0064.2%18.4%170.2%29.3%64.5%26.5%9.5%7.2K-392.7K-5960.2385.32N/AN/A5613418108
2020-04-09$18.93$15.0077.7%22.3%166.8%37.5%71.9%14.5%-7.9%5.6K-372.0K-64219.6078.99N/AN/A10196393121
2020-04-13$17.34$15.0090.8%26.0%168.9%45.6%74.9%32.5%-23.4%4.5K-221.8K-1.0K0.2976.43N/AN/A72386219
2020-04-14$18.51$15.0072.5%20.8%167.0%34.4%46.8%31.3%-4.6%3.1K-281.8K-1.0K0.1498.58N/AN/A71389219
2020-04-15$18.38$15.0091.7%26.3%141.6%46.2%0.0%19.8%-16.4%3.0K-275.1K-1.0K0.0077.54N/AN/A01389220
2020-04-16$18.07$15.0075.9%21.8%134.9%36.4%0.0%32.0%-1.3%2.8K-274.1K-9730.0098.44N/AN/A20389219
2020-04-17$19.90$15.0089.2%25.6%126.1%44.6%88.7%41.1%-30.2%915-357.6K-9433.0090.29N/AN/A13389219
2020-04-20$18.29$15.0084.9%24.4%129.2%42.0%100.8%24.3%-6.7%-5-29.3K-1.0K16.3363.96N/AN/A349232178
2020-04-21$18.70$15.0089.5%25.7%128.6%44.8%83.0%17.0%-10.5%-252-47.3K-1.2K10.0067.96N/AN/A110235221
2020-04-22$17.94$15.0073.2%21.0%129.9%34.8%72.8%102.9%6.2%-1.2K1.2K-1.1K2.6775.22N/AN/A38235232
2020-04-23$17.04$15.0070.3%20.1%129.8%33.0%80.0%18.5%-20.5%-1.1K24.4K-9880.6771.59N/AN/A32238224
2020-04-24$18.34$15.0060.3%17.3%131.3%26.9%56.4%20.0%-1.8%-917-23.4K-9720.05100.17N/AN/A1919242225
2020-04-27$19.52$15.0068.7%19.7%130.7%32.0%57.8%9.4%-5.9%4.8K-223.5K-1.8K0.1192.12N/AN/A283429228
2020-04-28$19.90$20.0057.8%16.6%130.7%25.4%54.8%-5.1%5.3%4.1K-261.5K-2.0K0.0289.74N/AN/A1052454262
2020-04-29$21.86$20.0055.3%15.8%132.0%23.8%61.1%20.2%-0.3%9.0K-593.2K-2.4K0.5187.67N/AN/A13468559264
2020-04-30$20.54$20.0074.0%21.2%118.9%35.3%70.1%18.9%-7.2%6.5K-461.4K-3.3K2.8894.47N/AN/A65187674328