WWW Options History — May 2025

In May 2025, WWW traded between $13.20 and $17.49. ATM implied volatility averaged 64.5%, placing in the 26.7% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded below realized volatility by 9.2% (HV 20d: 73.7%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 2.99.

Notable Days

  • 2025-05-16: Highest Volume — 10,060 contracts
  • 2025-05-08: Largest IV drop — 40.2% change
  • 2025-05-07: Highest IV Rank — 67.9%
  • 2025-05-01: Largest Expected Move — 30.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.17$13.20$17.49$13.20$17.14
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV64.5%37.0%112.1%107.5%37.0%
Expected Move16.6%10.6%30.8%30.8%10.6%
HV 20d73.7%56.9%147.7%147.7%62.8%
HV 60d99.0%94.8%104.9%101.4%95.3%
IV Rank26.7%2.9%67.9%63.9%2.9%
IV Percentile54.0%1.2%98.0%96.0%1.2%
Term Structure-7.8%-34.1%3.9%-31.2%-0.1%
VWIV60.0%28.8%105.0%105.0%28.8%
Skew 25d12.3%-0.8%25.6%25.5%13.5%
Skew 10d24.8%7.7%71.0%71.0%16.1%
Call IV 25d53.0%31.9%91.9%89.7%41.3%
Put IV 25d65.2%48.6%115.2%115.2%54.8%
Bid-Ask Spread %77.3863.6194.9163.6193.96
Gamma HHI0.420.330.670.340.39
Net GEX536.7K296.6K720.6K296.6K632.5K
Net DEX-32.6M-40.7M-18.4M-18.4M-34.5M
Net VEX-37.7K-44.2K-30.6K-43.4K-32.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.990.0021.570.007.91
Total Volume1,950.9052510,06028998
Total OI31,839.04827,96235,93328,15830,948

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$13.20$10.00107.5%30.8%147.7%63.9%105.0%25.5%-31.2%296.6K-18.4M-43.4K0.0063.61N/AN/A288124,1913,967
2025-05-02$13.98$10.0093.4%26.8%112.9%51.7%95.2%7.2%-22.0%300.7K-21.4M-42.3K0.0068.30N/AN/A6,8742723,9963,966
2025-05-05$14.35$10.00104.3%21.2%111.4%61.1%77.4%11.7%-20.8%423.7K-25.3M-44.2K0.0169.45N/AN/A836927,9213,978
2025-05-06$14.29$10.00111.5%20.7%108.3%67.4%77.0%14.7%-7.6%418.8K-24.5M-43.5K0.0069.16N/AN/A4,4761627,5663,985
2025-05-07$14.84$10.00112.1%20.9%97.2%67.9%72.7%12.7%-8.0%381.0K-25.5M-41.3K0.0769.39N/AN/A2,72620125,8854,001
2025-05-08$16.44$10.0067.1%16.4%70.9%28.9%64.4%11.1%0.6%413.2K-36.4M-40.9K0.1164.52N/AN/A3,46236528,1454,126
2025-05-09$15.50$10.0060.8%16.7%58.1%23.5%59.9%9.9%0.3%599.9K-32.6M-38.6K0.0075.68N/AN/A3,1801530,6874,082
2025-05-12$16.68$10.0054.4%14.1%61.4%17.9%52.7%8.8%3.9%663.4K-39.5M-33.2K0.4172.41N/AN/A58523930,5164,096
2025-05-13$16.77$10.0060.9%14.3%60.9%23.6%54.2%6.6%3.2%671.5K-39.7M-33.4K0.0367.07N/AN/A5,61919130,0514,373
2025-05-14$16.48$10.0049.8%14.3%59.6%13.9%51.7%6.7%3.8%720.6K-38.2M-38.6K9.9372.20N/AN/A2827831,5164,417
2025-05-15$16.30$10.0057.4%16.5%59.1%20.5%52.9%1.8%-34.1%414.7K-37.9M-34.5K2.0081.89N/AN/A214231,5174,328
2025-05-16$17.20$10.0047.6%13.6%60.2%12.1%49.5%25.6%0.8%370.0K-40.7M-36.7K0.0178.92N/AN/A10,0105031,5244,321
2025-05-19$17.04$10.0048.4%13.9%58.5%12.8%50.3%21.5%-21.2%612.6K-34.2M-39.4K3.5479.46N/AN/A6924428,0952,236
2025-05-20$17.21$10.0047.5%13.6%56.9%11.9%51.0%20.6%3.3%611.3K-35.2M-37.6K0.3774.34N/AN/A592228,1112,341
2025-05-21$16.76$10.0050.3%14.4%58.9%14.4%51.5%17.8%-0.4%621.3K-32.2M-38.7K8.7187.66N/AN/A1412228,1442,347
2025-05-22$16.84$10.0050.8%14.6%58.4%14.8%53.9%8.8%-5.3%618.6K-32.5M-38.0K0.0981.06N/AN/A23228,1392,443
2025-05-23$16.38$10.0050.8%14.6%59.9%14.8%51.1%7.2%-5.8%623.2K-29.6M-38.6K21.5783.52N/AN/A715128,1352,450
2025-05-27$17.28$10.0054.7%15.7%61.7%18.2%61.3%7.2%-4.0%608.4K-35.3M-33.7K1.0385.29N/AN/A10510828,1342,473
2025-05-28$17.30$10.0039.0%11.2%61.7%4.6%51.1%-0.8%-20.6%631.0K-35.6M-32.0K2.8194.91N/AN/A277628,1442,577
2025-05-29$17.49$10.0048.9%14.0%61.6%13.2%48.9%19.7%1.2%637.7K-36.5M-30.6K4.2292.25N/AN/A5824528,1362,612
2025-05-30$17.14$10.0037.0%10.6%62.8%2.9%28.8%13.5%-0.1%632.5K-34.5M-32.1K7.9193.96N/AN/A118728,1642,784