WWW Options History — January 2025

In January 2025, WWW traded between $22.19 and $24.02. ATM implied volatility averaged 49.3%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 18.5% (HV 20d: 30.8%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.96.

Notable Days

2025-01-31: Highest Volume — 761 contracts
2025-01-23: Largest IV spike — 27.5% change
2025-01-31: Highest IV Rank — 34.4%
2025-01-31: Largest Expected Move — 17.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.81	$22.19	$24.02	$22.49	$22.36
Max Pain	$22.13	$20.00	$22.50	$22.50	$22.50
ATM IV	49.3%	38.1%	62.3%	46.7%	62.3%
Expected Move	14.2%	10.9%	17.8%	13.4%	17.8%
HV 20d	30.8%	19.3%	44.8%	44.8%	36.8%
HV 60d	70.7%	69.4%	71.7%	71.7%	71.6%
IV Rank	18.8%	5.3%	34.4%	15.6%	34.4%
IV Percentile	33.6%	2.4%	67.1%	19.4%	67.1%
Term Structure	-2.1%	-8.0%	6.9%	4.2%	-7.5%
VWIV	52.7%	43.8%	61.8%	47.0%	61.8%
Skew 25d	4.8%	-13.4%	27.1%	-7.5%	5.0%
Skew 10d	2.2%	-21.5%	29.5%	-9.5%	-13.1%
Call IV 25d	46.8%	26.9%	60.2%	47.5%	60.2%
Put IV 25d	51.6%	33.4%	65.1%	40.0%	65.1%
Bid-Ask Spread %	72.44	55.91	98.11	65.21	72.87
Gamma HHI	0.34	0.21	0.78	0.35	0.21
Net GEX	7.0K	-273.1K	80.6K	29.1K	80.6K
Net DEX	-15.7M	-17.7M	-13.6M	-14.8M	-15.7M
Net VEX	-15.8K	-21.7K	-13.1K	-20.2K	-14.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.96	0.00	4.71	0.00	0.16
Total Volume	172	10	761	27	761
Total OI	11,130.65	9,335	12,492	12,492	9,868

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-01-02	$22.49	$22.50	46.7%	13.4%	44.8%	15.6%	47.0%	-7.5%	4.2%	29.1K	-14.8M	-20.2K	0.00	65.21	N/A	N/A	27	0	10,002	2,490
2025-01-03	$22.32	$22.50	41.2%	11.8%	43.9%	9.1%	43.8%	-13.4%	6.9%	-709	-14.3M	-19.9K	1.09	88.00	N/A	N/A	142	155	9,996	2,490
2025-01-06	$22.19	$20.00	43.8%	14.0%	38.6%	12.1%	49.8%	4.7%	0.4%	-2.6K	-13.6M	-21.7K	0.82	71.49	N/A	N/A	220	181	9,923	2,486
2025-01-07	$22.56	$20.00	45.9%	14.4%	38.7%	14.8%	50.3%	5.4%	-1.4%	1.3K	-14.9M	-18.7K	4.71	63.98	N/A	N/A	7	33	9,880	2,512
2025-01-08	$22.58	$20.00	42.3%	14.1%	38.2%	10.4%	48.7%	8.4%	0.1%	-25.8K	-14.8M	-18.2K	3.10	67.77	N/A	N/A	10	31	9,886	2,529
2025-01-10	$23.00	$22.50	46.4%	12.1%	38.7%	15.3%	51.8%	2.8%	-1.7%	-2.5K	-15.9M	-18.0K	0.47	81.96	N/A	N/A	32	15	9,889	2,579
2025-01-13	$22.49	$22.50	55.8%	14.3%	32.1%	26.6%	51.2%	18.4%	-0.1%	-67.2K	-14.5M	-16.8K	2.35	74.40	N/A	N/A	34	80	9,890	2,592
2025-01-14	$22.80	$22.50	51.8%	14.6%	32.2%	21.8%	47.2%	27.1%	-0.3%	-95.5K	-15.3M	-15.9K	3.13	56.37	N/A	N/A	108	338	9,878	2,572
2025-01-15	$23.02	$22.50	48.8%	14.0%	32.2%	18.2%	59.3%	19.5%	0.4%	-118.3K	-16.1M	-14.8K	0.67	69.93	N/A	N/A	6	4	9,887	2,479
2025-01-16	$22.76	$22.50	38.1%	10.9%	32.2%	5.3%	50.6%	-1.9%	0.3%	-273.1K	-15.5M	-15.2K	0.12	86.80	N/A	N/A	102	12	9,883	2,482
2025-01-17	$22.91	$22.50	47.7%	13.7%	32.3%	16.9%	49.4%	3.8%	0.4%	62.0K	-16.8M	-13.9K	0.72	55.91	N/A	N/A	36	26	9,882	2,484
2025-01-21	$22.78	$22.50	51.5%	14.8%	23.6%	21.5%	51.7%	5.5%	-3.5%	63.5K	-15.9M	-13.6K	0.46	67.85	N/A	N/A	67	31	8,280	1,055
2025-01-22	$22.59	$22.50	41.9%	12.0%	21.3%	9.9%	55.9%	-7.9%	-8.0%	64.1K	-15.8M	-13.5K	0.06	59.31	N/A	N/A	148	9	8,333	1,064
2025-01-23	$22.43	$22.50	53.4%	15.3%	19.3%	23.7%	53.4%	2.9%	-4.6%	68.6K	-15.6M	-13.9K	0.30	73.56	N/A	N/A	27	8	8,411	1,073
2025-01-24	$23.05	$22.50	53.6%	15.4%	21.4%	24.0%	52.4%	5.1%	-3.4%	72.0K	-16.4M	-13.9K	0.65	72.85	N/A	N/A	48	31	8,438	1,073
2025-01-27	$23.28	$22.50	53.2%	15.3%	21.7%	23.5%	55.6%	2.3%	-5.3%	71.4K	-16.7M	-13.5K	0.18	82.06	N/A	N/A	17	3	8,469	1,094
2025-01-28	$23.54	$22.50	57.9%	16.6%	21.8%	29.2%	57.8%	4.8%	-5.7%	71.0K	-17.0M	-13.3K	0.05	75.84	N/A	N/A	160	8	8,473	1,093
2025-01-29	$23.05	$22.50	46.4%	13.3%	21.4%	15.3%	56.8%	-4.8%	-7.3%	71.4K	-16.5M	-13.2K	0.16	98.11	N/A	N/A	37	6	8,489	1,099
2025-01-30	$24.02	$22.50	57.3%	16.4%	25.3%	28.5%	58.8%	15.8%	-6.2%	71.3K	-17.7M	-13.1K	0.04	64.55	N/A	N/A	460	20	8,505	1,105
2025-01-31	$22.36	$22.50	62.3%	17.8%	36.8%	34.4%	61.8%	5.0%	-7.5%	80.6K	-15.7M	-14.5K	0.16	72.87	N/A	N/A	654	107	8,743	1,125