WM Options History — February 2019

In February 2019, WM traded between $95.31 and $100.98. ATM implied volatility averaged 15.3%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 5.2% (HV 20d: 10.1%). Max pain ranged from $92.50 to $97.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.90.

Notable Days

  • 2019-02-13: Highest Volume — 5,261 contracts
  • 2019-02-06: Largest IV drop — 21.4% change
  • 2019-02-13: Highest IV Rank — 42.4%
  • 2019-02-11: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$98.30$95.31$100.98$95.31$100.98
Max Pain$95.53$92.50$97.50$95.00$97.50
ATM IV15.3%12.8%19.5%18.7%14.1%
Expected Move4.2%3.7%4.9%4.7%4.1%
HV 20d10.1%8.1%13.1%13.1%8.5%
HV 60d17.1%16.7%17.4%17.4%16.8%
IV Rank27.8%17.7%42.4%33.4%25.8%
IV Percentile46.6%24.2%81.3%75.0%39.3%
Term Structure0.0%-1.6%0.8%-0.3%0.4%
VWIV15.2%13.8%17.1%16.0%14.4%
Skew 25d2.7%0.9%4.4%3.4%1.3%
Skew 10d6.2%2.6%9.9%8.1%3.7%
Call IV 25d13.8%10.4%15.9%14.8%13.7%
Put IV 25d16.5%14.9%18.9%18.2%14.9%
Bid-Ask Spread %11.136.5415.939.0712.32
Gamma HHI0.230.190.310.200.25
Net GEX4.5M3.1M7.0M3.1M5.0M
Net DEX-88.6M-120.3M-57.6M-57.6M-103.2M
Net VEX-553.6K-598.6K-515.2K-598.6K-521.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.302.340.410.33
Total Volume2,213.1586475,2612,3951,992
Total OI36,478.94733,64442,05334,83435,563

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$95.31$95.0018.7%4.7%13.1%33.4%16.0%3.4%-0.3%3.1M-57.6M-598.6K0.419.07N/AN/A1,70269317,39117,443
2019-02-04$95.78$92.5019.5%4.6%11.1%36.4%15.0%3.0%-0.5%3.8M-67.0M-585.1K0.3011.01N/AN/A99530118,00817,477
2019-02-05$97.06$92.5019.3%4.3%11.7%35.6%15.5%3.4%-0.0%4.3M-85.9M-572.3K0.6912.73N/AN/A1,6861,16218,57717,592
2019-02-06$96.55$95.0015.1%4.3%11.6%19.9%15.4%3.5%0.0%4.8M-83.7M-551.7K1.759.63N/AN/A6581,15119,08216,783
2019-02-07$96.70$95.0016.0%4.6%11.4%31.8%16.9%3.3%-0.7%4.4M-82.0M-560.1K0.3912.48N/AN/A2,8881,12719,21617,107
2019-02-08$97.09$95.0016.1%4.6%10.7%32.4%16.9%3.4%-0.5%4.8M-84.0M-594.3K1.467.67N/AN/A7521,10019,72817,813
2019-02-11$97.37$95.0017.0%4.9%10.7%37.2%17.1%3.0%-1.0%4.9M-88.3M-585.8K0.4712.47N/AN/A1,30860919,91817,905
2019-02-12$98.45$95.0016.5%4.7%10.9%37.6%16.6%2.6%-1.1%5.2M-105.8M-565.5K0.7312.01N/AN/A1,8101,31720,39018,089
2019-02-13$98.42$95.0016.9%4.9%10.8%42.4%15.7%3.1%-1.6%5.0M-102.8M-564.6K0.469.48N/AN/A3,5961,66520,89518,876
2019-02-14$99.09$95.0014.1%4.0%9.6%25.6%15.2%2.2%0.6%7.0M-120.3M-532.0K0.799.77N/AN/A2,7512,17922,58518,477
2019-02-15$99.15$95.0013.8%4.0%9.6%23.7%15.1%2.1%0.6%4.1M-115.9M-552.7K1.0615.93N/AN/A1,4271,50923,08818,965
2019-02-19$99.00$95.0013.6%3.9%9.1%22.3%14.3%1.6%0.5%4.3M-81.6M-529.0K2.3412.48N/AN/A4891,14318,17915,465
2019-02-20$99.15$95.0013.2%3.8%9.1%20.3%14.4%1.6%0.5%4.2M-80.3M-544.7K1.1212.49N/AN/A30534218,35016,062
2019-02-21$99.17$97.5013.0%3.7%9.1%18.9%14.1%1.5%0.8%4.2M-80.6M-541.6K1.1015.73N/AN/A34938418,37616,163
2019-02-22$99.52$97.5012.8%3.7%8.8%17.7%13.8%4.4%0.8%4.2M-83.6M-539.4K0.7211.03N/AN/A83159918,41316,273
2019-02-25$99.27$97.5013.2%3.8%8.9%20.1%14.1%4.0%0.8%4.3M-82.9M-536.1K1.3210.33N/AN/A30640518,56216,317
2019-02-26$99.37$97.5013.6%3.9%8.1%22.3%14.8%3.8%0.4%4.4M-83.5M-528.0K1.116.54N/AN/A41946518,63316,260
2019-02-27$100.23$97.5013.8%4.0%8.4%23.7%14.2%0.9%0.7%4.7M-93.4M-515.2K0.598.38N/AN/A1,02960618,79116,288
2019-02-28$100.98$97.5014.1%4.1%8.5%25.8%14.4%1.3%0.4%5.0M-103.2M-521.0K0.3312.32N/AN/A1,49849419,25616,307