WWW Options History — May 2023

In May 2023, WWW traded between $13.38 and $16.88. ATM implied volatility averaged 62.7%, placing in the 43.4% IV rank vs the trailing year. The 30-day expected move averaged 16.5%. IV traded above realized volatility by 1.8% (HV 20d: 60.9%). Max pain ranged from $12.50 to $17.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.61.

Notable Days

  • 2023-05-12: Highest Volume — 15,487 contracts
  • 2023-05-10: Largest IV drop — 53.7% change
  • 2023-05-08: Highest IV Rank — 100.0%
  • 2023-05-03: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.17$13.38$16.88$16.38$13.38
Max Pain$15.23$12.50$17.50$17.50$15.00
ATM IV62.7%48.3%107.9%76.4%53.9%
Expected Move16.5%13.8%24.0%21.9%15.5%
HV 20d60.9%37.2%71.4%37.2%69.7%
HV 60d48.9%42.3%51.9%42.3%50.3%
IV Rank43.4%20.5%100.0%71.0%28.0%
IV Percentile47.9%14.7%100.0%96.0%37.7%
Term Structure-4.8%-22.7%10.8%-18.4%-2.6%
VWIV57.5%36.0%83.1%70.4%36.0%
Skew 25d4.9%-3.6%25.6%-3.3%1.5%
Skew 10d8.9%-12.1%30.8%6.7%-0.8%
Call IV 25d57.1%43.3%73.3%73.3%53.8%
Put IV 25d62.0%51.2%88.7%70.1%55.3%
Bid-Ask Spread %49.3921.7876.4242.1335.23
Gamma HHI0.550.400.750.410.74
Net GEX286.8K58.1K781.0K308.8K116.5K
Net DEX-5.1M-16.0M1.7M-4.6M-918.2K
Net VEX-22.8K-37.7K-12.3K-25.8K-12.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.004.920.041.33
Total Volume2,091.4091115,48735091
Total OI21,968.31811,33838,06821,98712,292

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$16.38$17.5076.4%21.9%37.2%71.0%70.4%-3.3%-18.4%308.8K-4.6M-25.8K0.0442.13N/AN/A3351515,8426,145
2023-05-02$15.96$17.5069.6%19.9%37.2%59.8%70.8%4.4%-22.7%250.0K-3.2M-23.8K4.9265.55N/AN/A125915,8526,157
2023-05-03$15.27$17.5083.8%24.0%39.1%83.1%83.1%25.6%-20.9%211.7K-2.7M-22.7K0.1065.81N/AN/A1,62915715,8646,163
2023-05-04$14.11$12.5081.8%18.4%47.0%80.4%69.2%2.5%-11.2%58.1K1.7M-17.0K0.0738.42N/AN/A5,75339117,3416,305
2023-05-05$14.96$15.0088.8%20.2%50.8%92.0%69.4%6.7%-15.8%257.9K-4.7M-35.1K0.0543.84N/AN/A2,73413922,5546,498
2023-05-08$15.54$15.00101.6%18.9%51.6%100.0%66.9%4.9%-6.5%403.8K-8.9M-37.7K0.6150.36N/AN/A1,46589524,0756,546
2023-05-09$15.18$15.00107.9%19.4%50.8%100.0%72.0%6.5%-9.3%330.0K-6.5M-36.0K2.5768.15N/AN/A287224,5527,392
2023-05-10$16.88$15.0049.9%14.3%64.3%22.7%49.9%3.3%0.8%781.0K-16.0M-33.0K0.1276.42N/AN/A6,29873824,5587,452
2023-05-11$16.04$15.0054.2%15.5%66.8%28.4%50.2%12.2%1.0%543.7K-10.2M-31.9K0.2473.65N/AN/A29730,0438,025
2023-05-12$15.73$15.0052.2%15.0%66.9%25.7%53.2%5.0%3.6%245.7K-5.6M-28.3K0.4859.35N/AN/A10,4835,00428,5638,031
2023-05-15$15.88$15.0052.7%15.1%67.0%26.4%51.4%8.1%2.4%468.0K-7.8M-21.4K0.5746.72N/AN/A14818,8793,031
2023-05-16$15.52$15.0052.8%15.1%67.3%26.4%61.8%7.6%0.4%367.9K-6.5M-19.3K0.0536.89N/AN/A83418,8653,024
2023-05-17$15.86$15.0049.9%14.3%67.6%22.6%44.8%8.5%10.8%340.2K-7.9M-18.7K0.0451.18N/AN/A4552018,9273,027
2023-05-18$15.86$15.0052.8%15.1%67.3%26.4%47.7%6.9%-0.6%310.2K-7.8M-18.7K0.0448.26N/AN/A28119,3532,997
2023-05-19$14.79$15.0051.5%14.8%71.4%24.7%54.3%3.2%-1.1%145.6K-841.7K-15.2K0.0268.01N/AN/A7,00310819,3572,997
2023-05-22$14.63$15.0048.5%13.9%71.3%20.8%48.5%-3.5%-0.9%235.9K-4.5M-17.8K0.9543.95N/AN/A8698299,9791,359
2023-05-23$14.68$15.0050.5%14.5%70.3%23.4%50.5%-2.9%-2.7%207.5K-4.0M-19.0K0.5621.78N/AN/A754210,0592,151
2023-05-24$14.30$15.0049.5%14.2%70.8%22.1%0.0%-3.6%-4.4%182.4K-3.1M-17.5K0.0033.73N/AN/A03410,0302,191
2023-05-25$14.32$15.0048.3%13.8%70.8%20.5%63.0%-0.6%-0.4%186.5K-3.0M-17.2K0.0051.59N/AN/A11010,0322,227
2023-05-26$14.34$15.0049.3%14.1%67.6%21.8%41.2%10.7%-2.5%184.6K-3.0M-16.9K0.1322.81N/AN/A24310,0272,252
2023-05-30$14.18$15.0053.6%15.4%67.6%27.6%53.9%4.1%-5.6%174.1K-2.5M-15.6K0.0242.65N/AN/A65110,0352,254
2023-05-31$13.38$15.0053.9%15.5%69.7%28.0%36.0%1.5%-2.6%116.5K-918.2K-12.3K1.3335.23N/AN/A395210,0382,254