WWW Options History — September 2023

In September 2023, WWW traded between $7.63 and $9.02. ATM implied volatility averaged 53.2%, placing in the 27.1% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded below realized volatility by 6.9% (HV 20d: 60.1%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 1.16.

Notable Days

  • 2023-09-01: Highest Volume — 790 contracts
  • 2023-09-12: Largest IV spike — 53.1% change
  • 2023-09-12: Highest IV Rank — 47.8%
  • 2023-09-07: Largest Expected Move — 17.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.33$7.63$9.02$8.84$8.07
Max Pain$9.75$7.50$10.00$10.00$7.50
ATM IV53.2%34.4%68.8%34.4%58.4%
Expected Move15.8%9.9%17.4%9.9%16.7%
HV 20d60.1%43.7%112.5%111.3%54.4%
HV 60d70.7%70.1%71.8%71.2%71.8%
IV Rank27.1%2.0%47.8%2.0%34.0%
IV Percentile35.4%0.4%82.1%0.4%52.4%
Term Structure15.0%7.2%25.3%25.3%16.2%
VWIV56.2%32.8%60.7%32.8%59.1%
Skew 25d4.5%-9.3%23.3%8.2%-9.3%
Skew 10d65.9%10.8%149.5%14.2%10.8%
Call IV 25d59.7%36.4%76.7%36.4%70.3%
Put IV 25d64.2%44.6%98.7%44.6%61.1%
Bid-Ask Spread %35.377.5382.047.5382.04
Gamma HHI0.620.540.680.620.64
Net GEX128.4K64.1K178.7K159.1K111.1K
Net DEX-2.6M-4.5M-851.1K-4.0M-1.9M
Net VEX-24.5K-32.3K-16.2K-30.8K-20.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.0111.330.890.07
Total Volume156.514790790102
Total OI30,340.9523,79936,65836,19624,524

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$8.84$10.0034.4%9.9%111.3%2.0%32.8%8.2%25.3%159.1K-4.0M-30.8K0.897.53N/AN/A41937133,1473,049
2023-09-05$9.02$10.0043.3%15.7%112.1%13.8%56.5%9.2%8.3%178.7K-4.5M-32.3K0.3025.70N/AN/A832533,3373,160
2023-09-06$8.91$10.0054.9%16.3%112.1%29.3%55.9%8.1%10.4%168.5K-4.2M-31.8K0.0240.71N/AN/A43133,3743,175
2023-09-07$8.52$10.0051.3%17.4%112.5%24.5%56.7%2.9%8.5%141.0K-3.3M-28.7K0.0114.25N/AN/A77133,3833,176
2023-09-08$8.20$10.0042.9%16.7%48.9%13.2%58.6%10.8%10.6%117.8K-2.5M-26.2K0.1715.19N/AN/A36633,3743,177
2023-09-11$8.05$10.0044.9%16.7%49.1%16.0%59.9%17.8%7.2%104.2K-2.0M-23.0K0.4050.95N/AN/A10433,3953,107
2023-09-12$8.32$10.0068.8%16.6%46.5%47.8%60.1%4.9%13.7%124.5K-2.6M-25.1K0.1514.89N/AN/A1362133,3943,110
2023-09-13$8.34$10.0056.0%16.1%45.5%30.8%56.1%-0.2%13.3%132.6K-2.6M-24.7K0.3116.37N/AN/A13433,3913,111
2023-09-14$8.36$10.0056.0%16.0%45.4%30.7%59.2%-4.0%16.5%134.9K-2.7M-25.2K0.0771.14N/AN/A1531033,4033,112
2023-09-15$8.41$10.0052.5%15.0%45.3%26.0%56.3%-3.1%19.5%133.5K-2.4M-23.5K0.1013.68N/AN/A4324233,5413,117
2023-09-18$8.27$10.0052.5%15.1%44.9%26.2%53.1%-7.0%19.4%125.3K-2.3M-22.5K0.8359.26N/AN/A12810621,3532,446
2023-09-19$8.48$10.0055.7%16.0%45.6%30.4%55.8%-0.1%14.4%144.6K-2.7M-24.2K11.3332.91N/AN/A33421,4272,552
2023-09-20$8.25$10.0055.0%15.8%46.2%29.5%0.0%-4.1%17.6%125.0K-2.3M-23.0K0.0122.83N/AN/A141121,4282,561
2023-09-21$8.29$10.0056.8%16.3%45.4%31.8%56.9%-3.0%13.5%127.1K-2.3M-22.4K1.8475.91N/AN/A315721,5122,562
2023-09-22$8.29$10.0051.9%14.9%43.7%25.3%60.7%-6.7%18.9%131.6K-2.5M-24.1K0.2674.21N/AN/A872321,5322,610
2023-09-25$8.52$10.0058.1%16.7%44.5%33.6%58.1%0.1%16.3%148.9K-2.8M-23.7K0.0119.17N/AN/A157221,6092,611
2023-09-26$8.09$10.0056.8%16.3%48.3%31.9%57.1%22.9%15.9%111.9K-2.4M-23.6K5.1532.43N/AN/A136721,6382,611
2023-09-27$7.81$10.0058.9%16.9%49.9%34.6%58.8%19.4%14.7%83.9K-1.3M-18.5K0.1521.28N/AN/A2013021,6472,670
2023-09-28$7.63$7.5055.6%15.9%50.5%30.2%55.6%23.3%19.1%64.1K-851.1K-16.2K1.1416.86N/AN/A283221,7932,700
2023-09-29$8.07$7.5058.4%16.7%54.4%34.0%59.1%-9.3%16.2%111.1K-1.9M-20.1K0.0782.04N/AN/A95721,8002,724