WWW Options History — September 2025

In September 2025, WWW traded between $27.14 and $32.01. ATM implied volatility averaged 48.3%, placing in the 12.7% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 17.3% (HV 20d: 31.0%). Max pain ranged from $20.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.23.

Notable Days

  • 2025-09-11: Highest Volume — 2,805 contracts
  • 2025-09-29: Largest IV spike — 14.9% change
  • 2025-09-29: Highest IV Rank — 17.3%
  • 2025-09-29: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.01$27.14$32.01$31.27$27.33
Max Pain$29.05$20.00$30.00$20.00$30.00
ATM IV48.3%45.4%53.7%50.5%52.9%
Expected Move13.7%13.0%15.4%14.5%15.2%
HV 20d31.0%20.7%59.9%59.7%21.6%
HV 60d47.6%46.1%51.0%51.0%46.1%
IV Rank12.7%10.1%17.3%14.6%16.6%
IV Percentile30.3%17.5%54.4%37.7%49.2%
Term Structure7.9%-2.5%12.8%-2.5%9.8%
VWIV49.7%46.4%55.5%55.5%51.9%
Skew 25d2.8%-3.6%5.0%4.6%0.6%
Skew 10d5.1%-9.8%17.8%13.6%11.3%
Call IV 25d48.4%46.6%51.8%50.2%51.8%
Put IV 25d51.3%46.8%54.9%54.9%52.4%
Bid-Ask Spread %62.3829.6278.1469.0778.14
Gamma HHI0.470.190.950.380.21
Net GEX470.9K100.0K3.6M286.7K100.0K
Net DEX-35.1M-52.8M-7.5M-50.5M-7.6M
Net VEX-27.7K-30.7K-24.7K-30.7K-24.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.006.830.160.04
Total Volume329.476252,80557726
Total OI17,526.6196,33023,61122,8026,496

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$31.27$20.0050.5%14.5%59.7%14.6%55.5%4.6%-2.5%286.7K-50.5M-30.7K0.1669.07N/AN/A4978018,0484,754
2025-09-03$31.30$20.0049.2%14.1%59.9%13.4%49.0%-3.6%-1.1%274.8K-50.2M-30.1K0.2666.80N/AN/A39010117,8804,839
2025-09-04$32.01$30.0048.8%13.7%34.5%13.1%52.5%2.7%6.3%264.2K-52.8M-27.4K0.2250.65N/AN/A68715418,0694,861
2025-09-05$31.89$30.0049.5%13.7%34.6%13.7%48.7%4.5%7.1%277.7K-51.7M-29.7K3.3459.21N/AN/A6120418,0574,937
2025-09-08$31.80$30.0052.2%13.7%34.6%16.0%48.5%3.1%5.6%277.1K-50.9M-28.8K0.4856.97N/AN/A542618,0485,140
2025-09-09$31.59$30.0052.3%13.8%32.9%16.1%48.2%3.4%6.0%288.3K-50.5M-28.9K5.4756.64N/AN/A179318,1005,164
2025-09-10$30.86$30.0047.3%13.5%33.8%11.7%48.1%4.2%8.4%312.6K-47.7M-30.6K0.2353.28N/AN/A30717,9615,234
2025-09-11$30.56$30.0045.8%13.1%31.3%10.5%46.4%2.3%7.2%351.4K-47.2M-29.0K0.0157.15N/AN/A2,7901517,9655,239
2025-09-12$30.45$30.0045.8%13.1%30.7%10.5%48.0%4.4%7.2%461.6K-45.4M-29.3K0.1661.80N/AN/A1342217,6155,132
2025-09-15$30.40$30.0046.2%13.2%30.0%10.8%49.8%2.8%6.9%512.3K-45.7M-28.2K0.0158.61N/AN/A543317,6945,055
2025-09-16$30.38$30.0046.9%13.5%28.6%11.5%47.6%3.3%7.4%658.6K-46.5M-29.9K1.1559.45N/AN/A12414218,2705,056
2025-09-17$30.81$30.0046.6%13.4%28.7%11.2%54.2%2.7%7.2%660.1K-48.6M-28.9K3.5554.03N/AN/A5118118,3695,060
2025-09-18$30.51$30.0045.6%13.1%28.9%10.3%51.1%2.3%12.0%955.8K-48.1M-27.7K1.1272.54N/AN/A171918,3775,234
2025-09-19$30.01$30.0045.4%13.0%29.5%10.1%47.8%1.0%12.8%3.6M-43.8M-26.1K0.2629.62N/AN/A1032717,8815,234
2025-09-22$29.01$30.0045.5%13.0%22.9%10.2%47.3%4.5%12.0%105.0K-9.1M-25.4K1.3566.73N/AN/A17235,1411,189
2025-09-23$28.99$30.0046.9%13.5%22.6%11.5%47.9%2.5%11.6%105.6K-9.0M-25.3K0.0465.97N/AN/A2415,1441,194
2025-09-24$28.25$30.0047.6%13.7%23.0%12.1%47.9%1.8%10.8%103.3K-8.4M-25.5K0.3368.48N/AN/A36125,1591,193
2025-09-25$27.82$30.0048.9%14.0%21.9%13.2%53.6%5.0%10.6%103.4K-8.0M-25.0K6.8374.88N/AN/A12825,1711,197
2025-09-26$27.76$30.0046.7%13.4%20.7%11.3%47.3%4.1%12.3%100.7K-8.0M-24.9K0.0075.10N/AN/A6305,1711,253
2025-09-29$27.14$30.0053.7%15.4%21.4%17.3%52.1%3.1%8.3%100.0K-7.5M-24.7K0.8974.78N/AN/A27245,2251,253
2025-09-30$27.33$30.0052.9%15.2%21.6%16.6%51.9%0.6%9.8%100.0K-7.6M-24.7K0.0478.14N/AN/A2515,2241,272