WWW Options History — August 2020

In August 2020, WWW traded between $23.20 and $25.55. ATM implied volatility averaged 54.2%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded above realized volatility by 9.6% (HV 20d: 44.7%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.41.

Notable Days

  • 2020-08-21: Highest Volume — 1,060 contracts
  • 2020-08-12: Largest IV drop — 21.2% change
  • 2020-08-04: Highest IV Rank — 31.9%
  • 2020-08-04: Largest Expected Move — 19.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.52$23.20$25.55$23.46$25.15
Max Pain$20.95$20.00$22.50$22.50$22.50
ATM IV54.2%45.4%69.0%64.7%52.1%
Expected Move14.9%13.0%19.8%18.5%14.9%
HV 20d44.7%39.5%52.2%52.2%39.8%
HV 60d58.2%51.4%67.1%67.1%51.4%
IV Rank22.7%17.3%31.9%29.2%21.4%
IV Percentile56.4%42.5%79.4%73.4%52.0%
Term Structure0.6%-13.2%6.7%-9.1%-3.2%
VWIV55.4%40.3%79.7%68.9%58.6%
Skew 25d14.0%-5.5%68.0%30.6%14.5%
Skew 10d30.2%-7.8%74.0%74.0%36.1%
Call IV 25d49.0%34.9%64.1%54.6%42.1%
Put IV 25d63.0%47.3%112.2%85.1%56.7%
Bid-Ask Spread %90.0972.14110.1574.4172.14
Gamma HHI0.480.240.630.240.63
Net GEX33.8K11.8K51.9K13.7K51.9K
Net DEX-1.2M-2.3M-522.8K-522.8K-2.1M
Net VEX-5.2K-8.9K-3.2K-3.8K-8.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.410.0024.000.650.00
Total Volume91.52401,060819
Total OI1,560.811,1422,1071,1422,105

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$23.46$22.5064.7%18.5%52.2%29.2%68.9%30.6%-9.1%13.7K-522.8K-3.8K0.6574.41N/AN/A4932743399
2020-08-04$23.45$22.5069.0%19.8%48.0%31.9%64.2%19.7%-13.2%15.2K-577.3K-3.9K0.1383.85N/AN/A16321782429
2020-08-05$24.38$22.5063.0%18.0%49.5%28.1%60.2%10.6%-11.1%25.2K-867.3K-4.2K0.40110.15N/AN/A7731926451
2020-08-06$23.20$20.0056.8%14.6%50.3%24.3%62.4%-1.7%3.7%21.5K-610.5K-4.0K0.4585.47N/AN/A6228890441
2020-08-07$23.72$20.0066.2%15.0%49.8%30.1%51.8%1.9%6.7%25.9K-734.1K-3.9K1.0081.83N/AN/A33940466
2020-08-10$24.45$20.0067.2%14.5%50.6%30.7%57.7%-5.5%-6.1%28.4K-871.7K-3.9K0.0088.20N/AN/A170939469
2020-08-11$24.98$20.0064.3%16.1%50.7%29.0%0.0%2.1%2.9%30.0K-958.5K-4.0K0.0088.88N/AN/A10926469
2020-08-12$25.09$20.0050.7%14.5%42.5%20.5%51.7%5.1%4.6%30.6K-998.0K-3.8K0.0785.31N/AN/A141925469
2020-08-13$25.01$20.0049.1%14.1%42.4%19.6%64.3%15.3%5.2%39.7K-982.5K-3.7K0.0790.31N/AN/A18213934470
2020-08-14$25.01$20.0050.6%14.5%40.0%20.5%49.8%6.6%5.6%33.4K-907.8K-3.7K0.0094.05N/AN/A100886477
2020-08-17$25.39$20.0049.1%14.1%39.5%19.6%48.8%1.9%6.1%42.4K-1.0M-3.5K0.0792.71N/AN/A141884477
2020-08-18$24.12$20.0052.1%14.9%43.3%21.4%79.7%4.1%2.3%33.9K-654.8K-3.4K24.0091.09N/AN/A124866478
2020-08-19$24.07$20.0047.7%13.7%42.5%18.7%48.1%17.2%6.7%35.3K-638.5K-3.4K0.0094.82N/AN/A10866478
2020-08-20$24.02$20.0047.4%13.6%42.5%18.5%46.8%14.4%2.3%33.9K-621.1K-3.3K0.0093.19N/AN/A10866478
2020-08-21$23.96$20.0047.5%13.6%41.9%18.6%64.9%14.5%1.5%11.8K-535.8K-3.2K0.0188.80N/AN/A1,0546866478
2020-08-24$25.12$20.0047.7%13.7%44.4%18.7%45.4%68.0%0.8%45.7K-2.1M-8.9K0.0099.91N/AN/A3101,721382
2020-08-25$24.77$22.5048.0%13.8%44.8%18.9%0.0%17.4%2.5%46.0K-2.0M-8.8K0.0090.35N/AN/A001,712382
2020-08-26$24.66$22.5045.4%13.0%41.2%17.3%45.6%0.1%0.4%50.2K-2.0M-8.7K0.0096.61N/AN/A1301,712382
2020-08-27$25.30$22.5050.0%14.3%42.1%20.1%43.9%38.0%0.7%49.2K-2.2M-8.8K0.0294.73N/AN/A5211,725382
2020-08-28$25.55$22.5050.4%14.5%39.8%20.4%40.3%19.1%3.4%46.5K-2.3M-8.8K0.0095.03N/AN/A701,723383
2020-08-31$25.15$22.5052.1%14.9%39.8%21.4%58.6%14.5%-3.2%51.9K-2.1M-8.6K0.0072.14N/AN/A091,722383