WWW Options History — August 2023

In August 2023, WWW traded between $7.97 and $12.52. ATM implied volatility averaged 69.2%, placing in the 48.4% IV rank vs the trailing year. The 30-day expected move averaged 18.4%. IV traded below realized volatility by 15.2% (HV 20d: 84.4%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.90.

Notable Days

  • 2023-08-10: Highest Volume — 12,979 contracts
  • 2023-08-09: Largest IV drop — 27.6% change
  • 2023-08-07: Highest IV Rank — 95.7%
  • 2023-08-02: Largest Expected Move — 25.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.45$7.97$12.52$12.52$8.14
Max Pain$11.09$10.00$12.50$12.50$10.00
ATM IV69.2%53.7%104.7%88.3%55.8%
Expected Move18.4%15.4%25.5%25.3%16.0%
HV 20d84.4%33.8%107.1%33.8%105.7%
HV 60d67.1%47.0%75.3%54.4%71.1%
IV Rank48.4%27.7%95.7%73.9%30.5%
IV Percentile67.5%33.7%99.6%98.4%41.3%
Term Structure-2.7%-20.2%5.0%-19.7%1.7%
VWIV63.4%52.3%88.8%88.3%55.6%
Skew 25d4.2%-14.4%21.1%-14.4%8.0%
Skew 10d10.9%-65.0%73.0%-65.0%40.5%
Call IV 25d60.7%38.4%88.0%83.2%47.3%
Put IV 25d64.8%54.3%93.5%68.8%55.3%
Bid-Ask Spread %51.008.6876.5847.6172.89
Gamma HHI0.480.310.560.420.56
Net GEX145.2K39.1K247.9K233.8K110.5K
Net DEX-2.8M-6.5M2.5M-6.1M-2.4M
Net VEX-28.7K-35.9K-11.9K-35.7K-25.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.0110.200.050.28
Total Volume1,2967012,979279384
Total OI31,992.21721,53439,77521,53436,070

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$12.52$12.5088.3%25.3%33.8%73.9%88.3%-14.4%-19.7%233.8K-6.1M-35.7K0.0547.61N/AN/A2661317,5403,994
2023-08-02$12.07$12.5088.8%25.5%35.2%74.6%88.8%5.5%-20.2%214.9K-4.7M-33.0K0.4039.26N/AN/A1837417,8054,007
2023-08-03$12.32$12.5092.1%19.2%35.8%78.9%67.0%5.9%-6.4%232.5K-5.6M-34.7K0.0555.71N/AN/A4292217,9824,048
2023-08-04$12.52$12.5094.9%20.0%35.9%82.7%69.9%6.3%-7.3%247.9K-6.5M-35.9K0.0167.70N/AN/A331318,3474,069
2023-08-07$12.27$12.50104.7%20.4%35.0%95.7%74.5%5.6%-7.7%243.5K-6.0M-34.1K1.7765.97N/AN/A407118,6644,069
2023-08-08$12.09$12.5099.7%19.8%33.8%89.0%67.0%7.3%-7.4%234.6K-4.8M-31.9K10.2076.58N/AN/A2020418,6594,142
2023-08-09$11.84$12.5072.2%20.7%34.1%52.3%75.2%5.3%-10.3%216.1K-4.3M-30.5K0.0871.41N/AN/A3,38525618,6774,347
2023-08-10$8.86$12.5059.5%17.1%105.8%35.4%54.1%6.2%-1.4%39.1K2.5M-11.9K0.1446.85N/AN/A11,3871,59222,1924,570
2023-08-11$8.82$12.5058.8%16.9%105.8%34.5%59.9%2.1%-3.0%111.3K-356.1K-23.5K0.0653.19N/AN/A2,97218229,1604,576
2023-08-14$8.32$12.5061.1%17.5%106.7%37.6%59.8%1.0%3.1%95.9K-523.3K-24.0K0.098.68N/AN/A4,94746731,3394,123
2023-08-15$8.11$10.0061.4%17.6%105.9%38.0%60.9%1.2%-0.5%120.2K-1.5M-30.2K3.1112.21N/AN/A10432335,3264,296
2023-08-16$8.20$10.0061.6%17.7%106.1%38.2%57.5%3.4%-0.4%121.6K-1.5M-29.5K0.2263.75N/AN/A1022235,3534,356
2023-08-17$8.14$10.0062.3%17.8%105.9%39.1%61.1%-0.0%0.4%115.3K-1.4M-29.1K0.7356.08N/AN/A785735,3664,360
2023-08-18$8.34$10.0059.9%17.2%107.1%35.9%56.2%2.1%1.6%122.0K-1.8M-30.5K0.1629.34N/AN/A1532535,3784,397
2023-08-21$8.25$10.0060.8%17.4%106.5%37.2%52.3%-1.2%1.7%121.8K-2.9M-29.2K1.5370.50N/AN/A27742432,8462,833
2023-08-22$8.09$10.0058.7%16.8%106.2%34.3%56.8%-8.1%4.2%108.9K-2.3M-27.6K0.6855.54N/AN/A724932,8973,054
2023-08-23$8.29$10.0063.5%18.2%106.3%40.7%63.0%1.6%-0.6%121.2K-2.8M-29.5K0.1134.92N/AN/A2622832,9403,079
2023-08-24$8.02$10.0058.6%16.8%106.3%34.2%59.3%21.1%0.2%108.7K-2.6M-29.4K0.2369.60N/AN/A1212833,0483,105
2023-08-25$7.97$10.0056.5%16.2%105.6%31.4%56.1%11.7%4.3%102.8K-2.2M-26.2K0.2662.09N/AN/A1443833,1193,128
2023-08-28$8.09$10.0058.4%16.8%106.0%34.0%58.4%5.1%2.3%107.3K-2.3M-26.9K0.1046.05N/AN/A71733,0653,145
2023-08-29$8.07$10.0060.1%17.2%106.1%36.3%0.0%13.6%-1.1%105.8K-2.1M-26.1K0.0455.55N/AN/A67333,0153,151
2023-08-30$8.04$10.0053.7%15.4%106.1%27.7%53.6%6.8%5.0%102.8K-2.0M-25.3K0.4011.48N/AN/A893633,0303,154
2023-08-31$8.14$10.0055.8%16.0%105.7%30.5%55.6%8.0%1.7%110.5K-2.4M-25.9K0.2872.89N/AN/A3008433,0872,983