WM Options History — October 2014

In October 2014, WM traded between $46.29 and $48.87. ATM implied volatility averaged 14.6%, placing in the 55.1% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 1.5% (HV 20d: 13.1%). Max pain ranged from $46.00 to $47.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 1.68.

Notable Days

  • 2014-10-21: Highest Volume — 9,856 contracts
  • 2014-10-13: Largest IV spike — 18.4% change
  • 2014-10-14: Highest IV Rank — 94.1%
  • 2014-10-16: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.33$46.29$48.87$47.15$48.87
Max Pain$46.70$46.00$47.00$46.00$46.00
ATM IV14.6%11.1%19.9%12.5%11.4%
Expected Move4.1%3.7%4.8%3.9%3.7%
HV 20d13.1%9.0%15.7%9.0%15.6%
HV 60d12.9%11.4%14.0%12.7%12.1%
IV Rank55.1%29.0%94.1%39.7%31.7%
IV Percentile62.2%12.3%99.2%37.3%17.9%
Term Structure-0.5%-2.4%2.3%1.7%-0.1%
VWIV14.4%13.0%16.2%13.3%13.0%
Skew 25d3.3%2.0%4.3%2.5%3.2%
Skew 10d6.7%-1.1%14.5%1.7%-1.1%
Call IV 25d13.8%9.6%17.7%11.6%10.5%
Put IV 25d17.1%13.4%22.0%14.1%13.7%
Bid-Ask Spread %37.0826.8045.1929.9537.06
Gamma HHI0.340.210.600.290.32
Net GEX6.2M2.0M11.2M7.1M5.9M
Net DEX-53.0M-80.6M-24.1M-61.0M-80.6M
Net VEX-382.9K-420.1K-356.6K-362.2K-406.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.680.078.850.840.47
Total Volume3,886.2173949,8564617,347
Total OI58,694.95744,89866,89457,68658,909

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$47.15$46.0012.5%3.9%9.0%39.7%0.0%2.5%1.7%7.1M-61.0M-362.2K0.8429.95N/AN/A25121030,09527,591
2014-10-02$47.12$46.0012.6%3.9%9.0%40.3%13.3%2.9%1.6%7.2M-60.2M-361.3K0.3527.95N/AN/A1,73661630,14827,725
2014-10-03$47.60$46.0011.1%3.8%9.6%29.0%0.0%3.8%2.3%7.1M-69.3M-367.1K0.1830.98N/AN/A4608130,87328,483
2014-10-06$47.51$46.0011.3%3.8%9.6%30.7%13.3%2.6%-0.6%7.7M-71.4M-356.6K5.3926.80N/AN/A11863631,24928,260
2014-10-07$46.73$46.0012.3%4.0%11.2%38.3%13.9%2.0%-0.5%7.8M-51.2M-360.7K3.3329.24N/AN/A23477931,30028,301
2014-10-08$47.58$46.0012.2%3.9%12.8%37.2%14.1%3.6%-1.2%7.5M-73.6M-362.7K0.8140.65N/AN/A4,0133,23632,03928,842
2014-10-09$46.92$47.0013.9%4.0%13.8%50.2%13.3%3.5%-1.9%7.9M-55.7M-375.2K2.2535.34N/AN/A37785032,40730,816
2014-10-10$46.82$47.0015.0%4.2%13.4%58.4%15.3%4.2%-1.9%7.6M-53.2M-379.6K8.8541.22N/AN/A1511,33732,51231,628
2014-10-13$46.64$47.0017.8%4.4%13.3%78.8%15.2%3.2%-1.8%7.1M-45.5M-371.2K1.5341.70N/AN/A42965832,50832,632
2014-10-14$46.74$47.0019.9%4.3%13.2%94.1%15.5%2.9%-2.4%6.9M-48.5M-383.4K0.9539.56N/AN/A3,0662,90633,45033,209
2014-10-15$46.33$47.0018.2%4.6%13.5%82.0%16.1%4.0%-0.9%5.5M-27.5M-379.4K0.8745.15N/AN/A3,7413,24633,41933,475
2014-10-16$46.29$47.0019.7%4.8%13.5%93.2%16.2%4.3%-2.4%6.3M-24.1M-370.9K0.6145.19N/AN/A77747432,06133,391
2014-10-17$46.72$47.0017.1%4.6%14.0%73.8%14.4%3.8%-1.8%11.2M-39.7M-370.1K0.0740.81N/AN/A1,75212632,40333,623
2014-10-20$46.66$47.0016.6%4.5%13.9%70.2%15.8%3.1%-0.6%2.0M-24.7M-363.3K0.9033.87N/AN/A2,3992,15123,41121,487
2014-10-21$47.20$47.0015.9%4.3%14.5%64.6%15.3%3.7%-0.6%2.5M-32.0M-368.5K0.4638.53N/AN/A6,7733,08323,93221,697
2014-10-22$47.21$47.0016.5%4.2%14.0%69.2%14.0%3.8%-0.8%4.1M-42.4M-395.5K0.8332.12N/AN/A3,3722,78728,59022,792
2014-10-23$47.84$47.0014.8%4.1%14.1%56.4%14.8%3.2%-0.0%4.6M-55.3M-411.4K2.1237.39N/AN/A2,1474,55530,23123,751
2014-10-24$47.96$47.0015.0%4.1%14.0%58.4%14.1%3.7%-0.6%4.5M-55.3M-415.6K1.1934.52N/AN/A2,7623,28430,34924,693
2014-10-27$48.12$47.0014.8%4.0%14.0%57.0%13.1%3.8%-0.5%4.9M-60.0M-420.1K0.5538.91N/AN/A25513931,48624,857
2014-10-28$48.42$47.0014.0%4.0%14.1%50.8%14.4%2.5%0.1%5.2M-66.2M-413.4K3.3539.49N/AN/A6202,07731,60424,916
2014-10-29$47.74$47.0011.5%3.9%14.8%32.5%14.2%2.8%0.5%5.8M-49.9M-403.0K1.3544.95N/AN/A2,9594,00231,74024,884
2014-10-30$48.51$47.0011.3%3.7%15.7%31.0%14.1%3.4%1.1%6.0M-72.1M-407.9K1.3941.39N/AN/A2,6773,73432,29725,918
2014-10-31$48.87$46.0011.4%3.7%15.6%31.7%13.0%3.2%-0.1%5.9M-80.6M-406.9K0.4737.06N/AN/A4,9872,36032,62826,281