WWW Options History — January 2024

In January 2024, WWW traded between $7.70 and $9.11. ATM implied volatility averaged 65.5%, placing in the 44.9% IV rank vs the trailing year. The 30-day expected move averaged 18.3%. IV traded below realized volatility by 8.4% (HV 20d: 73.9%). 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 15 of 21 days. Put/call ratio averaged 1.62.

Notable Days

  • 2024-01-03: Highest Volume — 6,478 contracts
  • 2024-01-03: Largest IV spike — 42.1% change
  • 2024-01-04: Highest IV Rank — 77.3%
  • 2024-01-03: Largest Expected Move — 24.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.48$7.70$9.11$8.63$8.41
Max Pain$7.74$7.50$10.00$10.00$7.50
ATM IV65.5%56.1%90.4%60.8%60.2%
Expected Move18.3%16.1%24.8%17.4%17.2%
HV 20d73.9%51.2%83.0%51.2%75.1%
HV 60d65.2%58.1%69.3%58.1%65.0%
IV Rank44.9%32.8%77.3%38.9%38.1%
IV Percentile68.2%47.6%95.6%64.3%59.9%
Term Structure3.0%-14.4%25.1%25.1%5.4%
VWIV63.0%40.7%86.5%68.5%66.4%
Skew 25d2.1%-14.2%11.8%7.2%-14.2%
Skew 10d17.8%-11.1%65.5%14.1%0.9%
Call IV 25d61.5%53.9%89.2%66.0%67.4%
Put IV 25d63.6%53.2%83.0%73.2%53.2%
Bid-Ask Spread %61.6534.5489.9261.8453.20
Gamma HHI0.570.430.820.820.50
Net GEX63.9K6.1K123.7K92.0K52.5K
Net DEX-1.2M-3.3M239.9K-1.2M-706.3K
Net VEX-13.3K-17.4K-10.8K-13.4K-11.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.620.0012.000.040.00
Total Volume596.85756,4787265
Total OI15,851.14311,02720,06512,52012,461

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$8.63$10.0060.8%17.4%51.2%38.9%68.5%7.2%25.1%92.0K-1.2M-13.4K0.0461.84N/AN/A697299,5882,932
2024-01-03$7.89$10.0086.4%24.8%57.2%72.1%86.5%-6.2%-14.4%62.1K-413.0K-12.3K2.6956.46N/AN/A1,7564,72210,2762,939
2024-01-04$7.70$7.5090.4%21.3%56.5%77.3%72.5%-6.7%-3.8%22.5K239.9K-15.3K0.3766.56N/AN/A56120611,9976,525
2024-01-05$7.75$7.5090.1%21.7%56.6%76.9%71.9%2.4%-3.6%21.8K196.2K-15.1K0.4766.68N/AN/A582711,9896,618
2024-01-08$9.11$7.5069.7%18.4%82.5%50.5%64.5%11.8%-0.7%123.7K-3.3M-17.4K0.2089.92N/AN/A2655412,0206,617
2024-01-09$8.89$7.5057.3%16.6%82.9%34.4%59.4%7.8%5.6%102.9K-2.5M-16.3K0.2369.07N/AN/A481112,0566,633
2024-01-10$8.93$7.5058.3%16.7%82.9%35.7%53.8%7.4%4.3%113.1K-2.7M-15.8K0.0040.75N/AN/A02412,0866,644
2024-01-11$9.00$7.5060.7%17.4%83.0%38.7%60.9%10.1%5.5%113.7K-2.7M-15.9K0.6970.94N/AN/A15310612,0866,646
2024-01-12$8.93$7.5058.3%16.7%81.3%35.7%58.8%10.3%0.2%107.3K-2.4M-14.4K0.0177.49N/AN/A1,4971012,0096,546
2024-01-16$8.61$7.5066.1%18.9%79.3%45.8%61.4%6.9%-2.2%54.1K-1.7M-12.8K9.5580.31N/AN/A1110513,3956,554
2024-01-17$8.16$7.5061.4%17.6%76.8%39.7%59.9%4.5%3.9%6.1K-779.1K-11.9K3.1559.42N/AN/A4112913,4016,617
2024-01-18$8.14$7.5061.0%17.5%76.2%39.2%61.0%0.9%5.1%35.4K-1.0M-10.8K0.3241.20N/AN/A381213,3716,684
2024-01-19$8.23$7.5063.6%18.2%76.3%42.6%61.8%3.4%0.6%38.4K-1.1M-11.0K12.0056.40N/AN/A22413,3746,691
2024-01-22$8.48$7.5063.3%18.2%76.9%42.2%52.4%8.2%3.9%47.4K-720.9K-11.6K0.2770.56N/AN/A8592357,9933,034
2024-01-23$8.61$7.5068.1%19.5%76.5%48.3%57.0%9.5%-3.3%58.1K-946.1K-12.6K0.0059.27N/AN/A23908,7743,109
2024-01-24$8.39$7.5056.1%16.1%76.9%32.8%82.3%1.0%11.2%50.7K-702.9K-11.8K0.0168.77N/AN/A7818,9983,109
2024-01-25$8.41$7.5060.7%17.4%75.8%38.7%0.0%-5.6%3.6%50.6K-665.0K-11.8K0.0047.65N/AN/A12109,0253,108
2024-01-26$8.59$7.5062.3%17.9%75.8%40.8%40.7%-0.8%1.5%61.5K-1.0M-12.5K0.1556.58N/AN/A106169,1063,108
2024-01-29$8.59$7.5059.0%16.9%75.8%36.6%57.7%-4.8%8.3%62.6K-992.1K-12.2K0.1834.54N/AN/A239439,1853,113
2024-01-30$8.59$7.5060.8%17.4%75.5%39.0%0.0%-9.2%7.1%64.7K-1.0M-12.1K2.0067.02N/AN/A249,3433,114
2024-01-31$8.41$7.5060.2%17.2%75.1%38.1%66.4%-14.2%5.4%52.5K-706.3K-11.3K0.0053.20N/AN/A509,3433,118