WWW Options History — April 2023

In April 2023, WWW traded between $15.82 and $17.32. ATM implied volatility averaged 54.5%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 16.6% (HV 20d: 38.0%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 2.30.

Notable Days

  • 2023-04-17: Highest Volume — 15,043 contracts
  • 2023-04-06: Largest IV spike — 50.3% change
  • 2023-04-28: Highest IV Rank — 55.6%
  • 2023-04-28: Largest Expected Move — 19.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.56$15.82$17.32$17.32$16.66
Max Pain$16.97$15.00$17.50$15.00$17.50
ATM IV54.5%39.0%67.0%45.7%67.0%
Expected Move15.7%11.2%19.2%13.1%19.2%
HV 20d38.0%31.9%41.8%38.1%39.6%
HV 60d43.8%40.8%46.8%46.2%42.2%
IV Rank25.2%2.3%55.6%4.8%55.6%
IV Percentile42.0%1.2%86.5%9.1%86.5%
Term Structure-3.0%-13.4%11.1%11.1%-9.4%
VWIV58.1%44.5%71.1%44.5%67.4%
Skew 25d6.7%-12.5%24.1%18.7%1.4%
Skew 10d9.9%-21.5%37.3%27.8%-9.4%
Call IV 25d51.3%34.1%64.3%41.4%63.5%
Put IV 25d58.0%50.8%64.9%60.1%64.9%
Bid-Ask Spread %62.0239.9688.1982.0558.49
Gamma HHI0.410.310.560.370.41
Net GEX154.8K27.2K366.0K47.5K366.0K
Net DEX-3.0M-6.7M-973.2K-1.8M-6.7M
Net VEX-17.3K-29.8K-6.5K-7.1K-29.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.300.0122.000.280.13
Total Volume1,057.842615,04312860
Total OI11,945.7373,65021,9833,65021,983

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$17.32$15.0045.7%13.1%38.1%4.8%44.5%18.7%11.1%47.5K-1.8M-7.1K0.2882.05N/AN/A100282,2941,356
2023-04-04$16.88$15.0045.9%13.2%39.3%4.9%44.6%12.2%9.0%45.3K-1.6M-6.8K6.3880.44N/AN/A8512,3221,377
2023-04-05$16.55$15.0039.0%11.2%39.7%2.3%0.0%-2.6%0.4%31.8K-1.4M-7.0K0.0788.19N/AN/A1412,3211,426
2023-04-06$15.88$17.5058.6%17.0%41.8%9.6%54.8%3.3%-4.1%27.2K-973.2K-6.5K0.0871.79N/AN/A2522,3231,426
2023-04-10$16.36$17.5058.1%15.5%41.4%9.5%53.5%19.6%1.7%36.0K-1.3M-6.5K0.0157.84N/AN/A1,00862,3371,428
2023-04-11$16.82$17.5043.2%15.3%41.6%3.8%51.5%19.2%-2.3%79.3K-2.2M-8.1K0.0465.63N/AN/A5023,0831,434
2023-04-12$16.66$17.5052.9%15.2%39.9%7.5%55.5%4.6%-2.7%74.1K-2.0M-7.9K0.4368.91N/AN/A733,0831,435
2023-04-13$16.74$17.5053.4%15.3%39.5%7.7%71.1%12.2%-2.9%71.7K-2.0M-7.7K22.0062.99N/AN/A1223,0851,438
2023-04-14$16.90$17.5053.3%15.3%39.2%10.0%53.3%24.1%-4.6%85.6K-2.2M-7.6K0.9258.29N/AN/A25233,0861,440
2023-04-17$16.73$17.5053.8%15.4%39.1%34.0%54.9%0.8%-6.0%83.8K-2.0M-7.2K0.5048.32N/AN/A10,0155,0283,0861,432
2023-04-18$16.80$17.5053.2%15.2%38.1%33.0%61.3%7.3%-2.9%292.4K-5.3M-29.8K0.4641.98N/AN/A713313,0896,427
2023-04-19$16.44$17.5066.2%19.0%36.9%54.3%66.7%-4.9%-7.1%193.2K-3.7M-29.2K0.0839.96N/AN/A39313,0816,451
2023-04-20$16.71$15.0054.3%15.6%37.4%34.9%53.5%15.8%-0.5%259.1K-4.6M-29.0K0.0648.54N/AN/A1,0486713,0746,449
2023-04-21$16.66$17.5055.5%15.9%32.0%36.9%55.3%9.0%-10.4%298.8K-5.5M-29.2K2.0061.50N/AN/A2414,1196,490
2023-04-24$16.69$17.5059.3%17.0%31.9%43.1%58.7%3.6%-12.0%291.4K-5.3M-27.6K0.0154.75N/AN/A1,066813,8176,060
2023-04-25$16.05$17.5064.0%18.3%35.1%50.7%66.1%0.0%-13.4%220.5K-3.2M-27.5K0.0271.97N/AN/A9871814,8316,064
2023-04-26$15.91$17.5064.4%18.5%35.2%51.4%68.7%-4.1%-11.2%233.9K-3.1M-28.1K10.0053.61N/AN/A22015,8136,088
2023-04-27$15.82$17.5047.8%13.7%35.2%24.3%64.0%-12.5%11.1%203.2K-2.3M-25.7K0.2963.06N/AN/A1955715,8136,108
2023-04-28$16.66$17.5067.0%19.2%39.6%55.6%67.4%1.4%-9.4%366.0K-6.7M-29.8K0.1358.49N/AN/A53715,8426,141