WWW Options History — May 2021

In May 2021, WWW traded between $36.21 and $44.34. ATM implied volatility averaged 42.3%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded below realized volatility by 8.7% (HV 20d: 51.0%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 1.57.

Notable Days

  • 2021-05-17: Highest Volume — 272 contracts
  • 2021-05-13: Largest IV drop — 36.2% change
  • 2021-05-12: Highest IV Rank — 31.6%
  • 2021-05-12: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.34$36.21$44.34$42.85$36.51
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV42.3%34.6%59.2%48.9%37.0%
Expected Move11.5%9.9%17.0%14.0%10.6%
HV 20d51.0%28.4%63.9%28.4%61.5%
HV 60d45.9%40.2%51.1%40.9%45.9%
IV Rank15.0%7.4%31.6%21.5%9.8%
IV Percentile21.6%2.8%73.8%42.1%7.1%
Term Structure-1.1%-9.9%8.7%-9.9%-1.2%
VWIV42.1%34.8%56.4%47.5%37.4%
Skew 25d3.7%-32.3%28.3%2.2%5.0%
Skew 10d12.3%-18.9%53.2%13.3%13.9%
Call IV 25d41.3%27.5%72.8%45.6%34.7%
Put IV 25d45.0%37.4%78.2%47.8%39.7%
Bid-Ask Spread %83.9273.05102.2686.1280.31
Gamma HHI0.390.280.530.460.43
Net GEX6.5K-30.2K40.7K18.1K1.2K
Net DEX-234.2K-1.3M573.4K-840.5K182.3K
Net VEX-4.0K-4.5K-3.4K-3.7K-4.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.570.007.140.054.75
Total Volume87.1522722223
Total OI1,328.79131,7639131,593

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$42.85$40.0048.9%14.0%28.4%21.5%47.5%2.2%-9.9%18.1K-840.5K-3.7K0.0586.12N/AN/A211424489
2021-05-04$42.48$40.0048.6%13.9%28.8%21.2%49.1%3.7%-7.3%18.8K-823.6K-3.7K0.02101.28N/AN/A942445489
2021-05-05$43.75$40.0044.5%12.7%28.6%17.1%0.0%4.5%-7.7%30.9K-1.1M-3.7K0.0082.42N/AN/A1110535490
2021-05-06$42.99$40.0038.1%10.8%29.9%10.9%37.1%4.7%-0.4%33.2K-1.0M-4.1K0.3373.05N/AN/A31604490
2021-05-07$44.34$40.0047.3%10.6%31.1%19.9%36.7%3.6%-0.8%40.7K-1.3M-3.9K0.2083.03N/AN/A5411606491
2021-05-10$43.35$40.0051.8%11.1%32.9%24.4%39.1%2.4%-1.7%37.8K-1.1M-4.3K3.1276.07N/AN/A2681640501
2021-05-11$42.79$40.0054.6%11.1%33.0%27.2%41.1%8.4%-1.3%21.4K-850.4K-4.2K1.0578.81N/AN/A123129624579
2021-05-12$37.22$40.0059.2%17.0%60.9%31.6%49.2%28.3%-7.5%-24.5K385.4K-3.9K1.34102.26N/AN/A4459593645
2021-05-13$38.73$40.0037.8%10.8%62.6%10.5%47.4%-6.9%2.7%-24.8K101.0K-3.8K0.1184.76N/AN/A364614648
2021-05-14$38.71$40.0034.6%9.9%62.0%7.4%34.8%5.1%3.0%-30.2K106.1K-3.5K0.6080.21N/AN/A106615647
2021-05-17$38.94$40.0036.1%10.3%62.0%8.9%35.9%14.1%3.3%-29.5K79.9K-3.4K0.2485.87N/AN/A22052610647
2021-05-18$38.30$40.0036.3%10.4%62.0%9.1%37.4%4.0%2.6%-12.4K54.3K-4.2K0.3485.16N/AN/A9733793696
2021-05-19$36.21$40.0042.8%12.3%63.9%15.5%41.9%5.3%-1.6%-15.5K573.4K-3.8K0.0588.61N/AN/A22111836721
2021-05-20$36.36$40.0039.9%11.4%63.0%12.6%47.2%6.4%-0.8%1.5K387.0K-4.5K5.5081.33N/AN/A4221,035722
2021-05-21$36.40$40.0039.5%11.3%62.4%12.2%56.4%6.9%8.7%16.9K335.8K-4.4K0.2680.59N/AN/A3181,039724
2021-05-24$36.79$40.0037.5%10.8%62.3%10.3%37.7%6.4%-0.3%21.3K-61.9K-4.0K5.4678.63N/AN/A1371932491
2021-05-25$36.27$40.0036.4%10.4%61.5%9.1%38.9%-32.3%1.1%7.0K135.8K-4.1K7.1487.80N/AN/A750931557
2021-05-26$36.64$40.0036.8%10.5%61.7%9.6%42.2%-2.3%-0.3%6.1K99.6K-4.4K0.0083.20N/AN/A20932607
2021-05-27$37.10$40.0037.6%10.8%61.6%10.3%37.4%3.9%-1.7%11.4K-11.6K-4.3K0.8278.96N/AN/A3428932607
2021-05-28$36.51$40.0037.0%10.6%61.5%9.8%0.0%5.0%-1.2%1.2K182.3K-4.2K4.7580.31N/AN/A419964629