WWW Options History — February 2022

In February 2022, WWW traded between $23.00 and $27.06. ATM implied volatility averaged 59.3%, placing in the 41.4% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 24.6% (HV 20d: 34.7%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.56.

Notable Days

2022-02-23: Highest Volume — 240 contracts
2022-02-02: Largest IV spike — 95.0% change
2022-02-02: Highest IV Rank — 100.0%
2022-02-02: Largest Expected Move — 29.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.66	$23.00	$27.06	$26.79	$23.00
Max Pain	$32.89	$25.00	$35.00	$25.00	$30.00
ATM IV	59.3%	43.2%	104.1%	53.4%	52.2%
Expected Move	15.3%	12.4%	29.8%	15.3%	15.0%
HV 20d	34.7%	29.7%	38.5%	30.9%	38.2%
HV 60d	34.7%	31.6%	39.2%	39.2%	34.1%
IV Rank	41.4%	20.2%	100.0%	34.5%	32.1%
IV Percentile	87.0%	66.3%	100.0%	90.9%	86.1%
Term Structure	-6.9%	-52.8%	3.0%	-5.0%	-6.6%
VWIV	61.9%	44.3%	92.3%	53.6%	49.2%
Skew 25d	2.0%	-44.1%	18.4%	5.8%	2.0%
Skew 10d	9.9%	-64.1%	27.8%	-7.2%	1.1%
Call IV 25d	55.7%	40.5%	103.7%	48.5%	52.2%
Put IV 25d	57.7%	48.8%	97.7%	54.3%	54.2%
Bid-Ask Spread %	94.51	83.11	113.15	110.66	84.01
Gamma HHI	0.25	0.24	0.38	0.24	0.27
Net GEX	-8.1K	-12.7K	-3.3K	-7.4K	-3.6K
Net DEX	386.1K	336.5K	492.0K	341.0K	421.1K
Net VEX	-1.2K	-1.4K	-955	-1.3K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.56	0.58	2.00	1.56	0.76
Total Volume	187.632	156	240	156	190
Total OI	493.947	435	577	435	577

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
2022-02-01	$26.79	$25.00	53.4%	15.3%	30.9%	34.5%	53.6%	5.8%	-5.0%	-7.4K	341.0K	-1.3K	1.56	110.66	N/A	N/A	61	95	120	315
2022-02-02	$26.53	$25.00	104.1%	29.8%	30.0%	100.0%	92.3%	18.4%	-52.8%	-7.5K	344.1K	-1.2K	1.73	113.15	N/A	N/A	60	104	122	315
2022-02-03	$25.62	$35.00	53.3%	14.0%	31.2%	33.5%	87.6%	2.9%	2.3%	-7.8K	358.2K	-1.3K	1.97	83.37	N/A	N/A	61	120	122	325
2022-02-04	$25.46	$35.00	98.8%	14.1%	30.9%	93.1%	65.1%	-44.1%	3.0%	-8.1K	389.9K	-1.3K	1.84	94.41	N/A	N/A	62	114	126	344
2022-02-07	$25.28	$35.00	67.0%	14.3%	29.7%	51.3%	76.0%	-43.1%	-2.5%	-8.6K	415.6K	-1.2K	1.81	92.94	N/A	N/A	62	112	131	347
2022-02-08	$26.23	$35.00	87.4%	13.7%	31.7%	78.1%	64.6%	8.1%	-1.4%	-8.6K	368.6K	-1.2K	1.81	88.97	N/A	N/A	62	112	131	345
2022-02-09	$27.02	$35.00	47.5%	13.6%	33.5%	25.9%	59.9%	5.8%	-17.5%	-8.9K	336.5K	-1.3K	1.66	86.57	N/A	N/A	62	103	131	348
2022-02-10	$26.46	$35.00	49.0%	14.0%	34.1%	27.8%	66.7%	5.9%	-0.9%	-9.5K	396.3K	-1.1K	1.54	83.11	N/A	N/A	68	105	131	348
2022-02-11	$26.06	$35.00	45.5%	13.0%	34.4%	23.3%	51.4%	7.1%	-7.5%	-8.6K	387.2K	-1.1K	1.64	95.37	N/A	N/A	64	105	132	351
2022-02-14	$25.92	$35.00	63.4%	18.2%	34.3%	46.7%	68.8%	11.8%	-13.6%	-8.4K	387.0K	-1.3K	1.64	103.82	N/A	N/A	64	105	135	351
2022-02-15	$26.95	$35.00	53.2%	15.3%	36.7%	33.4%	55.2%	13.4%	-10.4%	-8.8K	351.7K	-1.2K	1.67	92.95	N/A	N/A	73	122	135	351
2022-02-16	$27.06	$35.00	53.5%	15.4%	36.7%	33.8%	62.6%	8.3%	-6.1%	-8.9K	346.2K	-1.4K	1.64	93.77	N/A	N/A	73	120	145	362
2022-02-17	$25.89	$35.00	51.0%	14.6%	38.5%	30.5%	59.7%	7.7%	1.3%	-9.6K	390.0K	-1.3K	1.69	95.42	N/A	N/A	71	120	145	363
2022-02-18	$25.93	$35.00	55.7%	16.0%	38.4%	36.6%	67.9%	12.8%	-4.9%	-8.5K	375.9K	-1.2K	1.62	97.70	N/A	N/A	71	115	147	361
2022-02-22	$25.40	$35.00	56.4%	16.2%	36.6%	37.6%	57.3%	7.5%	-5.0%	-8.5K	406.0K	-1.2K	2.00	85.98	N/A	N/A	78	156	129	344
2022-02-23	$24.57	$30.00	43.8%	12.6%	38.0%	21.0%	44.3%	-4.5%	-0.7%	-12.7K	492.0K	-1.2K	1.89	101.91	N/A	N/A	83	157	160	417
2022-02-24	$23.86	$30.00	43.2%	12.4%	37.9%	20.2%	48.0%	-0.5%	-1.3%	-6.8K	437.3K	-955	0.59	92.51	N/A	N/A	137	81	158	349
2022-02-25	$23.45	$30.00	49.0%	14.0%	38.0%	27.8%	46.4%	13.3%	-0.7%	-3.3K	391.1K	-1.1K	0.58	99.09	N/A	N/A	137	80	222	350
2022-02-28	$23.00	$30.00	52.2%	15.0%	38.2%	32.1%	49.2%	2.0%	-6.6%	-3.6K	421.1K	-1.1K	0.76	84.01	N/A	N/A	108	82	222	355