WWW Options History — March 2022

In March 2022, WWW traded between $21.35 and $24.40. ATM implied volatility averaged 55.0%, placing in the 35.1% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded above realized volatility by 4.7% (HV 20d: 50.3%). Max pain ranged from $20.00 to $30.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.16.

Notable Days

  • 2022-03-29: Highest Volume — 288 contracts
  • 2022-03-17: Largest IV spike — 174.9% change
  • 2022-03-24: Highest IV Rank — 100.0%
  • 2022-03-11: Largest Expected Move — 27.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.83$21.35$24.40$21.61$22.58
Max Pain$25.95$20.00$30.00$30.00$22.50
ATM IV55.0%32.1%108.9%64.2%55.5%
Expected Move16.0%12.1%27.8%18.4%13.9%
HV 20d50.3%38.1%55.6%42.0%38.1%
HV 60d39.6%35.1%41.2%35.1%41.0%
IV Rank35.1%5.7%100.0%47.8%34.1%
IV Percentile76.3%3.6%100.0%94.0%87.3%
Term Structure-1.4%-27.6%22.6%-27.6%4.5%
VWIV65.9%43.6%138.0%67.1%48.2%
Skew 25d14.6%-14.2%109.0%-2.1%76.1%
Skew 10d6.5%-96.2%116.4%-38.4%116.4%
Call IV 25d58.8%33.8%151.2%62.1%66.8%
Put IV 25d73.3%42.5%176.8%60.0%142.9%
Bid-Ask Spread %99.2669.88127.57102.2787.01
Gamma HHI0.250.210.340.240.29
Net GEX-3.4K-6.8K882-3.5K-842
Net DEX367.3K174.8K491.5K455.9K263.6K
Net VEX-1.5K-1.8K-1.1K-1.1K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.751.780.931.20
Total Volume212.217139288178260
Total OI614.609448730583624

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$21.61$30.0064.2%18.4%42.0%47.8%67.1%-2.1%-27.6%-3.5K455.9K-1.1K0.93102.27N/AN/A9286225358
2022-03-02$23.46$30.0054.5%15.6%52.3%35.1%57.5%10.3%1.3%-3.9K376.7K-1.3K1.3593.70N/AN/A7297231363
2022-03-03$22.76$30.0055.2%15.8%53.0%36.0%115.6%5.2%-18.3%-4.3K386.7K-1.3K1.78106.06N/AN/A74132235376
2022-03-04$22.18$30.0064.0%18.3%52.5%47.5%56.7%12.4%-12.3%-4.9K468.2K-1.5K1.29108.61N/AN/A102132235422
2022-03-07$21.35$30.0059.5%17.1%53.6%41.6%70.8%-14.2%-3.3%-4.5K491.5K-1.5K1.48113.07N/AN/A99147266422
2022-03-08$22.05$30.0048.3%27.6%55.6%26.9%138.0%-2.1%14.6%-3.9K438.4K-1.6K1.48123.97N/AN/A99147265426
2022-03-09$22.18$30.0051.8%15.2%53.4%31.5%69.7%14.3%7.1%-5.0K469.7K-1.5K1.44111.40N/AN/A100144265426
2022-03-10$22.26$30.0051.9%18.9%51.7%31.6%96.2%1.4%-1.4%-6.5K475.8K-1.6K1.47119.21N/AN/A100147253454
2022-03-11$22.44$30.0050.3%27.8%51.9%29.5%98.5%5.9%-0.3%-5.9K445.3K-1.6K1.22118.96N/AN/A99121253454
2022-03-14$22.41$30.0051.6%14.5%51.9%31.3%52.8%4.5%-0.9%-6.8K482.0K-1.5K0.9776.74N/AN/A9996254456
2022-03-15$22.53$30.0050.0%14.2%52.1%29.2%59.2%6.0%-0.4%-6.2K476.5K-1.5K0.9574.24N/AN/A10196254464
2022-03-16$23.27$30.0032.1%13.7%51.3%5.7%56.9%1.8%22.6%-1.2K473.6K-1.4K0.9787.18N/AN/A10097254468
2022-03-17$23.60$0.0088.2%12.1%51.7%79.1%0.0%109.0%-6.6%-6.3K434.1K-1.6K0.96127.57N/AN/A10197256473
2022-03-18$24.40$0.0053.8%15.4%51.6%34.2%0.0%6.5%3.4%-1.9K427.9K-1.6K0.90118.83N/AN/A9686258472
2022-03-21$23.50$20.0064.0%15.0%53.0%47.5%57.8%23.6%-18.9%-1.8K222.2K-1.6K0.8389.98N/AN/A7663161306
2022-03-22$23.39$20.0058.3%16.2%52.7%40.1%53.8%16.6%2.2%-2.8K222.3K-1.7K1.04115.11N/AN/A7780161306
2022-03-23$23.03$20.0043.0%13.5%51.8%19.9%53.6%4.0%4.6%-1.6K264.9K-1.4K1.0493.42N/AN/A7780163285
2022-03-24$23.13$20.00108.9%12.9%50.9%100.0%53.1%25.6%-23.3%-1.8K231.5K-1.4K1.3892.24N/AN/A78108163285
2022-03-25$23.01$20.0042.1%13.4%50.6%17.6%46.5%10.1%6.4%-2.7K262.4K-1.5K0.8389.99N/AN/A130108164313
2022-03-28$22.95$20.0039.4%12.9%50.1%14.4%44.4%24.4%5.6%-620232.2K-1.6K0.7584.43N/AN/A13198215313
2022-03-29$23.92$20.0036.9%12.1%46.4%11.3%43.6%2.7%3.9%882174.8K-1.6K1.0679.04N/AN/A140148216319
2022-03-30$23.02$22.5040.8%12.7%39.0%16.1%44.0%-7.2%4.5%-2.4K272.7K-1.7K1.2369.88N/AN/A120148235369
2022-03-31$22.58$22.5055.5%13.9%38.1%34.1%48.2%76.1%4.5%-842263.6K-1.8K1.2087.01N/AN/A118142255369