WWW Options History — July 2023

In July 2023, WWW traded between $12.30 and $14.89. ATM implied volatility averaged 65.3%, placing in the 43.2% IV rank vs the trailing year. The 30-day expected move averaged 19.4%. IV traded above realized volatility by 25.1% (HV 20d: 40.3%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 3.67.

Notable Days

  • 2023-07-12: Highest Volume — 5,405 contracts
  • 2023-07-12: Largest IV spike — 21.5% change
  • 2023-07-31: Highest IV Rank — 70.0%
  • 2023-07-31: Largest Expected Move — 24.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.22$12.30$14.89$14.89$12.57
Max Pain$13.88$12.50$15.00$15.00$12.50
ATM IV65.3%44.1%85.4%44.1%85.4%
Expected Move19.4%12.6%24.5%12.6%24.5%
HV 20d40.3%34.5%55.1%55.1%34.5%
HV 60d57.4%56.7%58.3%57.4%56.7%
IV Rank43.2%14.9%70.0%14.9%70.0%
IV Percentile67.4%6.3%98.4%6.3%98.4%
Term Structure-6.6%-17.9%15.7%15.1%-17.9%
VWIV66.4%46.5%81.7%46.5%80.5%
Skew 25d3.9%-19.3%29.5%25.7%-15.1%
Skew 10d9.3%-28.6%77.9%41.1%-12.4%
Call IV 25d64.6%36.9%83.9%37.2%83.9%
Put IV 25d68.6%50.6%99.2%62.9%68.8%
Bid-Ask Spread %47.9520.5281.5558.4547.32
Gamma HHI0.620.430.750.750.43
Net GEX187.2K130.1K239.5K239.5K228.1K
Net DEX-4.8M-7.5M-2.6M-7.5M-6.0M
Net VEX-30.3K-35.6K-24.7K-28.4K-35.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.670.0116.290.920.03
Total Volume836.4255,40550398
Total OI15,940.511,48621,17811,48621,178

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$14.89$15.0044.1%12.6%55.1%14.9%46.5%25.7%15.1%239.5K-7.5M-28.4K0.9258.45N/AN/A262410,4191,067
2023-07-05$14.68$15.0045.3%13.0%53.9%16.5%49.7%19.5%15.7%238.3K-7.1M-28.0K2.2729.62N/AN/A378410,5191,087
2023-07-06$14.23$15.0047.4%17.3%52.0%19.3%59.9%2.4%-2.8%219.3K-6.0M-26.7K12.1646.69N/AN/A5566910,5531,168
2023-07-07$13.86$15.0047.9%17.0%42.6%20.0%60.8%1.1%-0.8%193.4K-5.0M-26.7K7.3257.66N/AN/A2216110,6081,836
2023-07-10$13.43$15.0052.5%18.5%38.9%26.1%62.3%6.5%-4.8%164.5K-3.8M-24.7K0.5034.07N/AN/A18910,6271,997
2023-07-11$13.73$15.0052.2%18.1%38.8%25.7%63.6%2.4%-0.9%187.1K-4.4M-25.9K8.8820.52N/AN/A2623110,6462,001
2023-07-12$13.71$15.0063.4%18.2%38.8%40.7%60.5%0.5%-2.7%183.6K-4.3M-26.3K0.0126.60N/AN/A5,3733210,6652,233
2023-07-13$13.71$15.0064.1%18.4%38.6%41.6%60.0%3.4%-3.0%205.0K-5.6M-33.1K7.0051.58N/AN/A53512,5832,264
2023-07-14$13.23$15.0063.7%18.3%39.2%41.0%63.4%0.8%-7.1%176.3K-4.3M-30.8K4.0052.65N/AN/A52012,5842,299
2023-07-17$12.86$15.0065.8%18.9%40.1%43.8%65.2%-6.9%-7.2%145.7K-3.5M-28.3K9.8981.41N/AN/A98912,5842,317
2023-07-18$13.02$15.0069.1%19.8%38.7%48.3%69.1%29.5%-8.4%150.0K-3.8M-28.8K0.9581.55N/AN/A2,2322,12212,5902,396
2023-07-19$13.09$12.5068.9%19.7%37.2%47.9%68.5%-3.7%-9.5%164.5K-4.9M-33.7K16.2948.01N/AN/A711414,3803,714
2023-07-20$12.48$12.5073.1%21.0%38.1%53.6%72.9%0.6%-12.2%130.1K-3.2M-30.3K2.6434.33N/AN/A225814,3803,818
2023-07-21$12.30$12.5073.0%20.9%37.8%53.4%68.5%-19.3%-12.6%142.0K-2.6M-29.6K0.0538.24N/AN/A1,91510414,3793,860
2023-07-24$12.46$12.5076.0%21.8%37.3%57.4%73.7%8.6%-12.8%177.3K-4.1M-32.4K0.0739.63N/AN/A5333814,9233,795
2023-07-25$12.46$12.5076.4%21.9%36.0%58.0%73.4%9.7%-15.0%187.3K-4.5M-33.0K0.1739.48N/AN/A4888415,4083,811
2023-07-26$12.75$12.5076.6%22.0%35.6%58.3%67.7%-12.5%-12.8%209.3K-5.6M-35.0K0.2369.13N/AN/A1543615,8233,893
2023-07-27$12.34$12.5080.1%23.0%36.9%62.9%80.6%20.3%-16.0%187.4K-4.4M-33.4K0.0156.89N/AN/A9091215,8263,936
2023-07-28$12.52$12.5081.5%23.4%35.2%64.8%81.7%5.3%-16.3%215.2K-5.6M-35.6K0.0645.21N/AN/A5423016,6853,958
2023-07-31$12.57$12.5085.4%24.5%34.5%70.0%80.5%-15.1%-17.9%228.1K-6.0M-35.4K0.0347.32N/AN/A3871117,1953,983