WWW Options History — March 2023

In March 2023, WWW traded between $15.84 and $17.05. ATM implied volatility averaged 52.9%, placing in the 7.7% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 6.9% (HV 20d: 46.0%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 1.14.

Notable Days

  • 2023-03-01: Highest Volume — 1,325 contracts
  • 2023-03-06: Largest IV spike — 29.8% change
  • 2023-03-13: Highest IV Rank — 15.0%
  • 2023-03-02: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.48$15.84$17.05$17.05$16.98
Max Pain$14.35$10.00$15.00$10.00$15.00
ATM IV52.9%42.9%72.2%52.0%42.9%
Expected Move14.2%12.3%16.2%14.9%12.3%
HV 20d46.0%35.5%52.4%51.3%38.8%
HV 60d49.6%48.0%51.4%51.4%48.4%
IV Rank7.7%3.7%15.0%7.5%3.7%
IV Percentile33.5%4.8%86.9%29.8%4.8%
Term Structure3.7%-10.5%21.6%0.7%10.8%
VWIV54.5%41.6%74.3%61.4%44.3%
Skew 25d6.7%-6.9%18.8%2.4%18.8%
Skew 10d20.2%-2.9%92.0%33.1%28.1%
Call IV 25d48.7%37.4%58.5%58.5%37.4%
Put IV 25d55.4%45.7%64.4%60.9%56.2%
Bid-Ask Spread %83.6057.07101.0057.0779.71
Gamma HHI0.370.300.490.400.42
Net GEX64.4K23.6K124.1K98.3K41.5K
Net DEX-10.0M-17.9M-1.2M-17.9M-1.8M
Net VEX-7.8K-9.4K-6.6K-9.2K-7.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.026.670.020.09
Total Volume191.69601,3251,325663
Total OI9,340.2613,29114,16814,0833,583

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$17.05$10.0052.0%14.9%51.3%7.5%61.4%2.4%0.7%98.3K-17.9M-9.2K0.0257.07N/AN/A1,2962912,2011,882
2023-03-02$16.87$10.0056.4%16.2%51.5%9.1%41.6%6.8%-5.4%75.9K-16.5M-9.4K0.1768.80N/AN/A40711,5681,895
2023-03-03$16.95$10.0045.2%12.9%51.5%4.9%45.5%7.0%20.1%76.2K-16.9M-8.3K0.5080.89N/AN/A603011,5391,898
2023-03-06$16.51$15.0058.6%14.2%52.4%9.9%74.3%18.3%-7.5%100.0K-16.1M-8.6K6.6777.02N/AN/A1510011,5461,907
2023-03-07$16.45$15.0054.4%14.3%51.2%8.3%51.4%1.8%-4.8%96.2K-15.9M-8.7K0.5068.77N/AN/A50325211,5531,992
2023-03-08$16.70$15.0053.9%13.5%51.2%8.2%0.0%4.7%3.3%99.1K-16.9M-7.7K0.4376.70N/AN/A421811,8561,941
2023-03-09$16.38$15.0053.7%15.3%49.5%8.1%51.2%8.9%0.6%101.5K-16.3M-8.3K0.0969.11N/AN/A65611,8391,933
2023-03-10$15.84$15.0066.2%13.4%49.9%12.8%74.3%13.2%21.6%124.1K-15.3M-8.3K0.0889.53N/AN/A2832311,8481,938
2023-03-13$16.23$15.0072.2%13.9%50.3%15.0%51.1%3.9%11.4%118.1K-16.3M-8.3K0.8990.36N/AN/A534712,1191,937
2023-03-14$16.81$15.0066.3%14.7%50.9%12.8%57.3%10.0%4.0%84.3K-17.6M-7.7K1.8581.92N/AN/A6011112,1521,946
2023-03-15$16.56$15.0054.4%15.6%48.0%8.4%57.2%12.9%3.6%108.4K-16.7M-8.5K0.4985.93N/AN/A683312,1552,008
2023-03-16$16.84$15.0051.9%14.9%47.7%7.4%59.4%12.4%1.2%76.6K-17.5M-7.8K0.2582.26N/AN/A8212,1572,011
2023-03-17$16.63$15.0051.9%14.9%47.3%7.4%57.4%2.2%-5.0%24.5K-17.1M-7.6K2.5473.65N/AN/A246112,1472,012
2023-03-20$16.24$15.0054.4%15.6%48.2%8.0%47.8%2.2%-10.5%23.6K-1.3M-6.9K0.0388.49N/AN/A11132,0191,272
2023-03-21$16.81$15.0044.8%12.8%47.8%4.4%48.0%-3.7%9.0%34.5K-1.5M-6.6K0.1386.26N/AN/A159212,1251,269
2023-03-22$16.77$15.0045.8%13.1%45.4%4.8%45.0%2.3%3.0%35.4K-1.5M-7.4K1.1393.90N/AN/A24272,2181,278
2023-03-23$15.92$15.0049.4%14.2%43.3%6.2%0.0%-0.9%17.3%24.3K-1.2M-7.5K2.8897.99N/AN/A8232,2191,274
2023-03-24$16.06$15.0051.7%14.8%38.5%7.1%0.0%9.3%7.4%28.8K-1.4M-7.2K0.0094.57N/AN/A002,2211,296
2023-03-27$16.07$15.0055.1%15.8%36.6%8.3%56.7%-2.5%-10.4%25.3K-1.3M-7.3K1.3393.16N/AN/A9122,2211,296
2023-03-28$16.00$15.0045.1%12.9%36.4%4.6%0.0%-6.9%3.4%26.7K-1.2M-7.0K0.1792.91N/AN/A1222,2121,299
2023-03-29$16.09$15.0047.9%13.7%35.5%5.6%0.0%16.3%0.3%26.6K-1.3M-6.9K1.60101.00N/AN/A582,2221,299
2023-03-30$16.30$15.0043.8%12.6%35.8%4.1%56.4%15.0%10.0%31.4K-1.3M-6.8K3.3092.85N/AN/A20662,2221,301
2023-03-31$16.98$15.0042.9%12.3%38.8%3.7%44.3%18.8%10.8%41.5K-1.8M-7.0K0.0979.71N/AN/A609542,2251,358