WWW Options History — December 2023

In December 2023, WWW traded between $8.89 and $9.93. ATM implied volatility averaged 54.9%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded below realized volatility by 2.8% (HV 20d: 57.6%). 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 10 of 20 days. Put/call ratio averaged 0.98.

Notable Days

  • 2023-12-22: Highest Volume — 4,832 contracts
  • 2023-12-12: Largest IV spike — 45.5% change
  • 2023-12-12: Highest IV Rank — 53.7%
  • 2023-12-27: Largest Expected Move — 19.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.17$8.89$9.93$9.09$8.89
Max Pain$8.63$7.50$10.00$10.00$10.00
ATM IV54.9%35.1%72.2%39.7%64.5%
Expected Move15.7%11.4%19.2%11.4%18.5%
HV 20d57.6%50.2%68.3%68.3%55.7%
HV 60d57.2%55.7%59.5%55.7%57.7%
IV Rank31.2%5.6%53.7%11.5%43.8%
IV Percentile41.3%1.6%82.1%2.0%73.0%
Term Structure0.0%-18.8%9.5%0.1%-9.6%
VWIV55.8%47.5%67.2%47.8%65.1%
Skew 25d2.6%-12.1%12.7%10.3%3.1%
Skew 10d20.8%-13.0%74.4%-13.0%13.6%
Call IV 25d51.4%38.4%63.9%47.6%63.8%
Put IV 25d54.1%38.5%69.4%57.9%66.9%
Bid-Ask Spread %45.2812.2880.6280.6257.87
Gamma HHI0.880.740.990.930.86
Net GEX120.0K22.2K668.1K131.1K99.9K
Net DEX-1.3M-2.8M-267.9K-1.1M-1.6M
Net VEX-11.5K-15.8K-8.4K-11.0K-14.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.005.002.750.01
Total Volume509.164,83215431
Total OI14,941.757,48219,38518,99912,110

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$9.09$10.0039.7%11.4%68.3%11.5%47.8%10.3%0.1%131.1K-1.1M-11.0K2.7580.62N/AN/A41116,3922,607
2023-12-04$9.46$7.5051.6%13.9%61.6%27.0%47.5%-2.5%7.0%188.3K-1.9M-11.8K0.2160.94N/AN/A531116,3832,608
2023-12-05$9.11$7.5035.1%14.3%63.5%5.6%0.0%4.7%8.0%125.7K-837.2K-10.1K0.9561.91N/AN/A605716,4312,617
2023-12-06$8.93$7.5045.4%14.6%64.0%19.0%57.9%10.9%9.0%98.1K-643.8K-9.6K3.8939.73N/AN/A93516,4132,628
2023-12-07$8.91$7.5050.4%14.7%63.5%25.4%50.3%3.5%9.5%96.2K-585.9K-9.6K2.1454.48N/AN/A224716,4132,662
2023-12-08$8.96$7.5055.8%14.6%62.3%32.4%51.1%4.5%6.2%111.6K-750.8K-9.8K0.5058.99N/AN/A4216,4322,709
2023-12-11$9.02$7.5049.6%15.4%60.8%24.4%55.8%5.7%5.8%22.2K-283.5K-8.6K5.0079.22N/AN/A1516,4322,711
2023-12-12$9.00$7.5072.2%14.4%52.7%53.7%50.4%1.1%8.3%23.3K-267.9K-8.4K0.0026.48N/AN/A7016,4332,716
2023-12-13$9.41$7.5052.2%15.0%50.3%27.7%52.2%12.2%6.4%173.5K-927.5K-9.3K0.2258.36N/AN/A27616,4332,716
2023-12-14$9.93$7.5051.1%14.7%50.2%26.3%51.1%4.5%-0.4%668.1K-2.8M-10.1K0.3213.05N/AN/A1254016,4272,718
2023-12-15$9.18$10.0054.1%15.5%56.4%30.2%54.1%-11.3%-3.3%25.5K-403.3K-8.6K0.0152.03N/AN/A2,6312216,6442,741
2023-12-18$9.36$7.5052.1%14.9%55.2%27.6%52.1%-6.7%-1.0%55.2K-1.5M-12.1K0.0015.11N/AN/A41725,4222,060
2023-12-19$9.18$7.5054.0%15.5%55.7%30.1%54.2%5.3%-2.2%66.5K-1.5M-12.7K0.0959.40N/AN/A153146,1942,062
2023-12-20$8.95$10.0052.1%14.9%54.3%27.6%52.3%5.3%1.9%62.8K-1.2M-12.1K2.0833.54N/AN/A40836,2432,075
2023-12-21$9.18$10.0055.4%15.9%54.6%31.8%56.2%-12.1%-7.7%68.1K-1.5M-12.7K0.0037.80N/AN/A34306,2812,158
2023-12-22$9.14$10.0062.4%17.9%54.7%41.0%62.8%12.7%-5.6%65.7K-1.7M-12.9K0.1840.02N/AN/A4,0907426,5072,158
2023-12-26$9.43$10.0065.5%18.8%55.5%45.1%65.5%-6.6%-4.3%111.8K-2.5M-15.8K0.0012.28N/AN/A32918,8872,764
2023-12-27$9.14$10.0067.1%19.2%56.6%47.1%67.2%4.3%-9.3%103.3K-1.9M-14.9K0.2540.14N/AN/A48129,0452,765
2023-12-28$9.07$10.0066.6%19.1%56.6%46.4%66.5%4.1%-18.8%102.8K-1.8M-14.8K1.0423.62N/AN/A1461529,0612,777
2023-12-29$8.89$10.0064.5%18.5%55.7%43.8%65.1%3.1%-9.6%99.9K-1.6M-14.4K0.0157.87N/AN/A42839,1812,929