WWW Options History — November 2023

In November 2023, WWW traded between $7.63 and $8.79. ATM implied volatility averaged 60.6%, placing in the 37.5% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded below realized volatility by 3.7% (HV 20d: 64.3%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 4.33.

Notable Days

  • 2023-11-28: Highest Volume — 889 contracts
  • 2023-11-30: Largest IV spike — 56.4% change
  • 2023-11-07: Highest IV Rank — 94.5%
  • 2023-11-01: Largest Expected Move — 24.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.34$7.63$8.79$7.63$8.50
Max Pain$9.88$7.50$10.00$7.50$10.00
ATM IV60.6%30.8%103.8%86.5%48.2%
Expected Move16.0%8.8%24.8%24.8%13.8%
HV 20d64.3%54.2%68.3%54.2%64.8%
HV 60d56.1%49.9%75.6%75.6%54.8%
IV Rank37.5%0.0%94.5%71.4%22.5%
IV Percentile43.8%0.0%99.2%94.4%13.1%
Term Structure2.7%-18.5%24.6%-18.5%1.2%
VWIV54.8%30.4%86.3%86.3%44.3%
Skew 25d2.6%-16.6%18.0%-16.6%3.5%
Skew 10d7.5%-30.4%29.9%-25.5%6.1%
Call IV 25d52.2%27.0%100.5%100.5%40.7%
Put IV 25d54.7%33.6%83.9%83.9%44.2%
Bid-Ask Spread %45.438.3577.1157.5738.57
Gamma HHI0.760.640.880.640.77
Net GEX63.5K18.8K94.2K44.9K45.2K
Net DEX-582.8K-1.3M133.2K-291.6K-98.9K
Net VEX-10.8K-14.4K-7.9K-11.2K-8.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.330.0073.000.040.55
Total Volume159.6191588910334
Total OI19,160.42918,45219,87619,15118,991

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$7.63$7.5086.5%24.8%54.2%71.4%86.3%-16.6%-18.5%44.9K-291.6K-11.2K0.0457.57N/AN/A99416,5392,612
2023-11-02$7.63$10.0085.2%20.0%54.2%69.7%69.9%-6.0%-3.9%46.7K-363.1K-11.1K0.019.96N/AN/A102116,5752,585
2023-11-03$8.39$10.0092.7%19.5%63.1%79.7%64.6%4.2%-4.1%79.5K-1.3M-14.4K0.1658.31N/AN/A1282116,6122,587
2023-11-06$8.39$10.00102.4%20.3%63.1%92.6%71.6%5.4%-7.6%80.8K-1.3M-13.8K0.8219.96N/AN/A806616,7642,594
2023-11-07$8.41$10.00103.8%20.6%62.8%94.5%61.7%8.4%-6.2%82.1K-1.3M-13.5K0.0059.67N/AN/A39016,8442,534
2023-11-08$8.25$10.0072.2%20.7%63.2%52.4%66.6%6.0%-6.1%75.1K-1.0M-12.9K0.2760.48N/AN/A15416,8722,534
2023-11-09$8.57$10.0054.2%15.5%63.9%28.3%52.8%1.8%6.9%87.1K-1.1M-12.4K0.7963.78N/AN/A17914216,8712,542
2023-11-10$8.29$10.0055.3%15.9%61.9%29.9%55.3%2.3%6.0%65.0K-614.0K-11.0K0.3618.26N/AN/A893216,9272,529
2023-11-13$7.67$10.0056.2%16.1%61.7%31.0%55.3%-14.1%4.7%28.5K133.2K-8.4K1.1450.07N/AN/A15317516,9672,541
2023-11-14$8.18$10.0052.2%15.0%64.3%25.7%52.3%-1.2%8.0%52.7K-346.1K-9.9K0.1071.17N/AN/A1231217,0202,638
2023-11-15$8.64$10.0058.6%16.8%66.3%34.2%51.0%9.8%2.2%84.4K-1.0M-11.9K2.2855.52N/AN/A184117,0022,643
2023-11-16$8.30$10.0053.6%15.4%67.1%27.6%52.5%-0.3%2.2%60.3K-462.9K-10.3K3.1913.46N/AN/A8025516,9972,626
2023-11-17$8.64$10.0051.8%14.9%68.3%25.2%52.2%2.8%4.7%84.1K-851.8K-11.3K73.0065.72N/AN/A17316,9972,879
2023-11-20$8.57$10.0042.5%12.2%67.8%12.8%31.3%2.2%3.0%77.2K-619.9K-10.8K2.818.35N/AN/A164516,0602,392
2023-11-21$8.23$10.0052.5%15.0%67.8%26.0%50.9%14.1%1.2%49.4K-112.6K-8.9K5.0071.23N/AN/A178516,0562,407
2023-11-22$8.38$10.0049.6%14.2%68.1%22.2%31.2%15.0%4.6%56.4K-178.2K-9.2K0.0040.34N/AN/A44016,0702,492
2023-11-24$8.45$10.0031.0%8.9%67.8%0.0%0.0%7.5%24.6%18.8K49.0K-7.9K0.0024.47N/AN/A15016,1332,492
2023-11-27$8.54$10.0040.5%11.6%66.7%12.3%51.6%18.0%19.9%39.0K-52.8K-8.1K0.0524.87N/AN/A1821016,1482,492
2023-11-28$8.73$10.0053.0%15.2%66.9%28.6%64.4%-13.4%-1.9%94.2K-902.8K-10.9K0.1077.11N/AN/A8058416,3302,502
2023-11-29$8.79$10.0030.8%8.8%66.7%0.0%30.4%4.5%14.9%81.8K-494.0K-9.7K0.3265.24N/AN/A632016,3962,577
2023-11-30$8.50$10.0048.2%13.8%64.8%22.5%44.3%3.5%1.2%45.2K-98.9K-8.7K0.5538.57N/AN/A221216,3942,597