WWW Options History — March 2021

In March 2021, WWW traded between $34.61 and $41.35. ATM implied volatility averaged 42.5%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded below realized volatility by 6.1% (HV 20d: 48.6%). Max pain ranged from $30.00 to $40.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 2.42.

Notable Days

  • 2021-03-19: Highest Volume — 499 contracts
  • 2021-03-04: Largest IV spike — 104.4% change
  • 2021-03-04: Highest IV Rank — 39.0%
  • 2021-03-04: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.29$34.61$41.35$35.47$38.74
Max Pain$36.52$30.00$40.00$30.00$40.00
ATM IV42.5%35.0%86.5%45.3%36.0%
Expected Move12.1%10.0%20.0%13.0%10.3%
HV 20d48.6%41.3%53.5%48.3%42.4%
HV 60d43.0%41.1%45.7%41.1%44.9%
IV Rank11.5%7.3%39.0%11.9%8.8%
IV Percentile10.0%1.6%88.9%13.5%2.4%
Term Structure2.0%-25.7%25.0%-0.9%6.8%
VWIV44.0%30.8%92.2%46.8%48.1%
Skew 25d4.9%-17.3%29.8%6.6%2.8%
Skew 10d8.4%-41.2%43.3%12.7%-2.2%
Call IV 25d42.2%31.2%64.3%46.8%41.6%
Put IV 25d47.1%37.1%68.9%53.4%44.4%
Bid-Ask Spread %89.7076.1599.4797.5290.50
Gamma HHI0.530.320.800.450.71
Net GEX40.2K13.2K80.4K41.0K22.7K
Net DEX-1.3M-2.7M-170.3K-1.3M-330.3K
Net VEX-4.0K-5.5K-3.1K-3.6K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.420.0033.000.000.50
Total Volume84.130499293
Total OI1,515.871,2372,1521,2371,632

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$35.47$30.0045.3%13.0%48.3%11.9%46.8%6.6%-0.9%41.0K-1.3M-3.6K0.0097.52N/AN/A290732505
2021-03-02$34.61$30.0047.3%13.6%49.6%13.2%46.8%9.3%-3.3%39.3K-1.1M-3.5K0.0095.32N/AN/A90741505
2021-03-03$35.65$30.0042.3%12.1%50.0%10.0%41.4%-6.0%3.9%43.0K-1.4M-3.5K0.0098.19N/AN/A330742505
2021-03-04$34.95$30.0086.5%20.0%51.0%39.0%40.5%4.3%-25.7%34.2K-1.1M-3.7K0.0099.47N/AN/A10742505
2021-03-05$35.40$30.0038.2%13.7%50.3%7.3%0.0%1.6%3.1%46.1K-1.3M-3.3K0.0099.09N/AN/A02743505
2021-03-08$36.72$30.0045.4%14.2%51.0%12.0%39.7%22.0%-9.8%45.8K-1.6M-3.1K0.6496.28N/AN/A10970743503
2021-03-09$37.13$30.0047.4%12.6%49.3%13.3%42.6%8.6%1.3%40.9K-1.7M-3.4K0.0095.63N/AN/A560799566
2021-03-10$38.45$30.0042.5%12.2%49.6%10.1%45.1%-17.3%3.7%45.9K-2.0M-3.3K5.7688.52N/AN/A1798800566
2021-03-11$39.65$40.0039.2%11.2%50.1%7.9%39.1%4.3%3.8%37.2K-2.1M-3.6K0.0083.96N/AN/A190802662
2021-03-12$40.42$40.0039.5%11.3%50.2%8.1%0.0%29.8%4.8%39.5K-2.3M-3.4K3.8893.12N/AN/A1766815662
2021-03-15$41.35$40.0043.2%12.4%49.5%10.6%39.3%6.1%0.3%27.9K-2.3M-4.1K0.0183.75N/AN/A3143804763
2021-03-16$40.79$40.0040.5%11.6%49.7%8.8%40.1%5.8%1.3%59.7K-2.3M-4.8K0.0277.38N/AN/A17931,066766
2021-03-17$41.16$40.0038.5%11.0%49.1%7.5%42.1%-0.3%4.0%75.6K-2.7M-5.5K0.8782.72N/AN/A46401,221769
2021-03-18$40.34$40.0039.8%11.4%50.3%8.3%30.8%4.9%4.4%80.4K-2.3M-5.5K0.0081.44N/AN/A10001,260806
2021-03-19$40.42$40.0037.5%10.8%50.0%10.1%37.9%4.9%5.3%55.3K-2.4M-5.1K2.2686.88N/AN/A1533461,346806
2021-03-22$40.07$40.0036.0%10.3%48.4%8.8%36.5%2.5%4.0%45.0K-725.8K-4.8K0.0077.89N/AN/A101,035442
2021-03-23$37.93$40.0041.1%11.8%52.7%13.8%43.3%3.9%1.8%21.7K-286.1K-4.2K1.0076.15N/AN/A441,036442
2021-03-24$36.86$40.0035.0%10.0%53.5%7.8%45.2%14.4%25.0%13.2K-170.3K-4.1K33.0082.74N/AN/A1331,035440
2021-03-25$38.11$40.0036.8%10.6%43.2%9.6%92.2%5.9%4.0%17.3K-243.8K-3.9K0.5094.95N/AN/A631,035431
2021-03-26$39.45$40.0035.6%10.2%41.3%8.4%37.7%3.8%8.9%34.4K-508.4K-4.2K0.0084.16N/AN/A9901,031434
2021-03-29$38.00$40.0042.4%12.2%44.0%15.1%0.0%-1.5%0.6%26.8K-308.0K-4.1K0.0099.14N/AN/A001,127434
2021-03-30$38.90$40.0041.6%11.9%43.3%14.3%0.0%-3.4%-1.5%31.4K-438.4K-4.1K0.0098.39N/AN/A0711,127434
2021-03-31$38.74$40.0036.0%10.3%42.4%8.8%48.1%2.8%6.8%22.7K-330.3K-3.8K0.5090.50N/AN/A211,127505