WWW Options History — February 2021

In February 2021, WWW traded between $29.29 and $36.74. ATM implied volatility averaged 49.2%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 9.9% (HV 20d: 39.3%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.30.

Notable Days

2021-02-08: Highest Volume — 630 contracts
2021-02-08: Largest IV drop — 28.2% change
2021-02-01: Highest IV Rank — 21.0%
2021-02-01: Largest Expected Move — 16.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.18	$29.29	$36.74	$29.29	$35.39
Max Pain	$27.89	$25.00	$30.00	$30.00	$30.00
ATM IV	49.2%	41.6%	59.0%	59.0%	44.0%
Expected Move	14.1%	12.6%	16.9%	16.9%	12.6%
HV 20d	39.3%	33.9%	50.5%	43.9%	50.5%
HV 60d	39.4%	36.7%	43.8%	43.6%	41.2%
IV Rank	14.5%	9.5%	21.0%	21.0%	11.1%
IV Percentile	28.2%	5.2%	56.3%	56.3%	8.7%
Term Structure	-2.1%	-12.0%	1.9%	-1.2%	0.1%
VWIV	52.5%	36.7%	68.0%	60.6%	36.7%
Skew 25d	12.0%	-9.8%	66.6%	66.6%	-9.8%
Skew 10d	20.0%	-16.4%	86.0%	86.0%	-16.4%
Call IV 25d	47.0%	35.9%	57.8%	57.8%	47.4%
Put IV 25d	59.0%	37.6%	124.5%	124.5%	37.6%
Bid-Ask Spread %	93.57	83.25	111.92	111.92	93.62
Gamma HHI	0.40	0.32	0.53	0.42	0.38
Net GEX	33.3K	-4.6K	57.7K	-4.6K	44.3K
Net DEX	-1.1M	-2.0M	-91.8K	-91.8K	-1.3M
Net VEX	-3.4K	-4.3K	-2.8K	-2.9K	-3.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.30	0.00	1.92	0.50	1.92
Total Volume	90.895	7	630	36	152
Total OI	1,197.158	974	1,423	974	1,103

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-02-01	$29.29	$30.00	59.0%	16.9%	43.9%	21.0%	60.6%	66.6%	-1.2%	-4.6K	-91.8K	-2.9K	0.50	111.92	N/A	N/A	24	12	464	510
2021-02-02	$29.92	$30.00	49.9%	14.3%	42.9%	15.0%	49.9%	20.0%	1.9%	1.9K	-194.2K	-2.9K	0.17	110.28	N/A	N/A	6	1	466	512
2021-02-03	$30.08	$30.00	52.8%	15.1%	41.6%	16.8%	51.2%	15.8%	-0.0%	2.5K	-198.3K	-2.8K	0.00	109.76	N/A	N/A	15	0	465	513
2021-02-04	$31.02	$30.00	49.5%	14.8%	38.8%	14.7%	47.7%	15.1%	-5.2%	11.8K	-329.2K	-2.8K	0.56	91.93	N/A	N/A	34	19	465	518
2021-02-05	$31.83	$30.00	58.0%	14.3%	40.0%	20.3%	45.9%	9.1%	-2.5%	17.0K	-419.9K	-2.8K	0.15	88.22	N/A	N/A	26	4	470	533
2021-02-08	$33.19	$30.00	41.6%	13.3%	42.4%	9.5%	55.4%	7.2%	1.5%	26.9K	-613.6K	-2.8K	0.10	86.18	N/A	N/A	573	57	482	532
2021-02-09	$34.23	$25.00	41.7%	13.2%	42.0%	9.6%	50.9%	4.4%	0.3%	57.7K	-1.6M	-4.1K	0.13	83.25	N/A	N/A	112	14	821	586
2021-02-10	$33.95	$25.00	48.1%	13.8%	41.4%	13.8%	54.3%	4.2%	-0.2%	51.8K	-1.6M	-4.3K	0.03	90.92	N/A	N/A	103	3	824	599
2021-02-11	$33.95	$25.00	48.2%	13.8%	34.2%	13.9%	54.3%	4.9%	-1.8%	50.6K	-1.4M	-4.3K	1.13	87.09	N/A	N/A	8	9	788	600
2021-02-12	$33.40	$25.00	48.3%	13.9%	34.8%	13.9%	68.0%	4.5%	0.3%	51.7K	-1.3M	-4.2K	0.09	86.96	N/A	N/A	11	1	796	601
2021-02-16	$33.08	$25.00	49.0%	14.0%	34.7%	14.4%	52.2%	5.4%	-3.0%	50.9K	-1.2M	-3.8K	0.05	85.20	N/A	N/A	20	1	813	598
2021-02-17	$32.74	$25.00	50.6%	14.5%	34.0%	15.5%	55.0%	4.8%	-3.0%	44.0K	-1.1M	-3.8K	0.04	87.84	N/A	N/A	25	1	802	597
2021-02-18	$32.88	$25.00	49.0%	14.1%	33.9%	14.4%	52.2%	11.1%	-1.6%	33.4K	-1.2M	-3.7K	0.13	98.13	N/A	N/A	53	7	820	598
2021-02-19	$33.77	$25.00	47.9%	13.7%	34.9%	13.7%	50.9%	20.4%	-4.2%	35.7K	-1.4M	-3.6K	0.23	99.04	N/A	N/A	30	7	817	594
2021-02-22	$35.35	$30.00	48.9%	14.0%	37.0%	14.3%	60.9%	21.5%	-2.4%	38.3K	-1.6M	-3.1K	0.00	94.20	N/A	N/A	7	0	675	395
2021-02-23	$36.06	$30.00	49.9%	14.3%	37.0%	15.0%	46.6%	8.5%	-1.5%	35.8K	-1.7M	-3.1K	0.00	90.06	N/A	N/A	157	0	672	395
2021-02-24	$36.74	$30.00	51.9%	14.9%	34.7%	16.3%	53.5%	7.8%	-5.6%	43.8K	-2.0M	-3.7K	0.10	86.84	N/A	N/A	187	18	805	399
2021-02-25	$33.63	$30.00	45.8%	13.1%	48.2%	12.3%	50.6%	6.0%	-12.0%	39.3K	-1.0M	-3.4K	0.30	96.48	N/A	N/A	23	7	711	407
2021-02-26	$35.39	$30.00	44.0%	12.6%	50.5%	11.1%	36.7%	-9.8%	0.1%	44.3K	-1.3M	-3.3K	1.92	93.62	N/A	N/A	52	100	698	405