WWW Options History — January 2023

In January 2023, WWW traded between $10.77 and $16.08. ATM implied volatility averaged 58.0%, placing in the 9.7% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded above realized volatility by 5.2% (HV 20d: 52.8%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.30.

Notable Days

  • 2023-01-25: Highest Volume — 4,659 contracts
  • 2023-01-10: Largest IV spike — 70.7% change
  • 2023-01-10: Highest IV Rank — 23.1%
  • 2023-01-19: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.29$10.77$16.08$11.23$16.08
Max Pain$13.25$10.00$15.00$10.00$12.50
ATM IV58.0%47.6%93.7%52.0%57.7%
Expected Move15.9%13.7%19.0%14.9%16.5%
HV 20d52.8%45.0%58.9%49.1%51.2%
HV 60d106.0%104.3%107.4%104.7%107.4%
IV Rank9.7%5.8%23.1%7.4%9.6%
IV Percentile49.5%14.3%97.2%33.3%58.3%
Term Structure6.9%-8.1%22.4%22.4%0.6%
VWIV56.1%47.3%70.3%47.7%48.1%
Skew 25d5.4%-14.3%33.9%16.5%25.3%
Skew 10d3.2%-38.7%74.3%19.2%32.3%
Call IV 25d50.2%30.8%60.1%44.4%30.8%
Put IV 25d55.6%41.0%68.2%61.0%56.1%
Bid-Ask Spread %75.0337.4394.8985.6094.89
Gamma HHI0.480.350.600.360.36
Net GEX139.2K43.8K221.0K52.5K187.4K
Net DEX-9.7M-16.7M-2.4M-2.9M-16.7M
Net VEX-18.0K-23.3K-9.9K-9.9K-23.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.012.170.130.11
Total Volume922724,65996437
Total OI12,199.957,10115,0147,15315,010

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$11.23$10.0052.0%14.9%49.1%7.4%47.7%16.5%22.4%52.5K-2.9M-9.9K0.1385.60N/AN/A85115,5251,628
2023-01-04$11.48$10.0049.7%14.3%45.0%6.6%56.4%-14.3%-1.9%55.5K-3.2M-9.9K0.0181.91N/AN/A7115,4941,617
2023-01-05$10.77$10.0067.7%16.9%50.2%13.4%50.5%1.4%6.3%43.8K-2.4M-9.9K0.0575.90N/AN/A1,292655,4881,613
2023-01-06$10.93$15.0066.1%14.1%50.4%12.8%0.0%-3.6%20.7%72.8K-3.5M-10.6K0.7975.55N/AN/A3212546,6561,768
2023-01-09$11.23$15.0054.9%16.2%51.1%8.5%56.2%2.8%6.1%75.1K-3.9M-10.4K0.0171.64N/AN/A2,196226,8301,859
2023-01-10$12.04$15.0093.7%18.5%56.0%23.1%60.1%1.7%-4.9%104.9K-5.9M-14.1K0.0292.31N/AN/A2,013358,4671,881
2023-01-11$12.84$15.0056.9%16.3%58.7%9.3%57.3%7.1%12.8%121.7K-8.1M-16.7K0.0276.88N/AN/A3,828609,6971,888
2023-01-12$13.25$15.0060.5%17.4%58.9%10.7%51.5%0.3%-3.2%167.5K-11.1M-21.9K0.1075.08N/AN/A3263112,2801,910
2023-01-13$13.54$15.0050.9%14.6%57.9%7.1%52.0%-6.8%13.1%164.7K-11.8M-21.5K0.2477.81N/AN/A52412712,4311,934
2023-01-17$13.80$15.0054.3%15.6%55.8%8.3%67.9%5.1%1.6%151.4K-11.9M-22.5K0.1485.55N/AN/A3965512,6112,040
2023-01-18$13.54$15.0052.8%15.1%53.7%7.8%54.3%-5.0%12.8%164.9K-11.6M-21.3K0.1151.25N/AN/A2532712,5902,042
2023-01-19$13.36$15.0066.4%19.0%52.2%12.9%70.3%2.6%-8.1%169.2K-11.3M-21.4K0.2685.44N/AN/A882312,5402,066
2023-01-20$13.46$12.5056.5%16.2%50.9%9.1%55.0%-2.1%13.3%155.6K-11.3M-21.4K2.1791.07N/AN/A235012,5712,089
2023-01-23$14.25$12.5051.5%14.8%52.4%7.3%65.0%14.8%15.7%147.8K-11.0M-19.7K0.5237.43N/AN/A22811910,9471,274
2023-01-24$14.04$12.5059.4%17.0%53.3%10.2%49.4%7.7%5.6%153.3K-11.1M-19.1K0.5377.73N/AN/A1176210,9901,282
2023-01-25$14.63$12.5048.0%13.8%54.0%6.0%58.2%3.2%8.8%146.7K-11.7M-18.8K0.0178.15N/AN/A4,6322711,0181,342
2023-01-26$14.88$12.5047.6%13.7%53.8%5.8%51.7%6.6%12.2%211.4K-14.1M-23.3K0.0860.29N/AN/A1351113,3801,348
2023-01-27$15.34$12.5050.1%14.4%51.0%6.8%47.3%11.3%5.2%216.3K-15.3M-23.3K0.0558.36N/AN/A3461613,5141,365
2023-01-30$15.21$12.5062.5%17.9%49.4%11.4%67.0%33.9%-1.8%221.0K-15.2M-22.1K0.5667.85N/AN/A854813,6341,380
2023-01-31$16.08$12.5057.7%16.5%51.2%9.6%48.1%25.3%0.6%187.4K-16.7M-23.2K0.1194.89N/AN/A3954213,5911,419