WM Options History — May 2019

In May 2019, WM traded between $104.38 and $109.38. ATM implied volatility averaged 16.0%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 3.0% (HV 20d: 13.0%). Max pain ranged from $100.00 to $105.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.25.

Notable Days

  • 2019-05-29: Highest Volume — 6,018 contracts
  • 2019-05-13: Largest IV spike — 23.7% change
  • 2019-05-13: Highest IV Rank — 71.0%
  • 2019-05-29: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.26$104.38$109.38$106.09$109.31
Max Pain$104.32$100.00$105.00$100.00$105.00
ATM IV16.0%13.7%20.8%14.9%15.9%
Expected Move4.4%3.9%5.4%4.3%4.6%
HV 20d13.0%10.6%17.1%17.1%11.2%
HV 60d12.3%11.7%12.7%12.1%12.7%
IV Rank39.4%24.7%71.0%32.8%38.8%
IV Percentile59.8%38.1%96.0%52.0%58.3%
Term Structure0.1%-0.8%0.8%0.8%0.5%
VWIV15.8%13.7%21.0%13.7%16.1%
Skew 25d3.1%2.3%4.2%2.6%3.0%
Skew 10d6.6%4.2%12.1%5.0%6.9%
Call IV 25d14.3%13.2%16.3%13.5%15.6%
Put IV 25d17.3%15.7%20.5%16.1%18.6%
Bid-Ask Spread %16.745.3028.4012.3418.55
Gamma HHI0.290.230.360.240.33
Net GEX3.2M2.4M3.6M3.4M3.2M
Net DEX-89.2M-106.9M-65.5M-86.4M-91.7M
Net VEX-676.2K-748.1K-629.7K-636.7K-748.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.250.172.811.180.83
Total Volume1,781.5457266,0181,2432,597
Total OI39,128.27335,70942,96137,90542,961

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$106.09$100.0014.9%4.3%17.1%32.8%13.7%2.6%0.8%3.4M-86.4M-636.7K1.1812.34N/AN/A57067319,06018,845
2019-05-02$106.23$100.0014.8%4.3%17.1%32.1%14.3%2.8%0.5%3.5M-86.7M-677.5K2.148.56N/AN/A7251,55119,46219,274
2019-05-03$106.31$100.0014.7%4.2%15.6%31.2%14.5%2.3%0.5%3.4M-86.5M-681.9K1.215.30N/AN/A65178619,56719,861
2019-05-06$105.91$105.0015.8%4.5%15.7%38.4%16.0%3.3%0.3%3.4M-84.3M-671.2K1.316.70N/AN/A7791,02319,58319,792
2019-05-07$104.38$105.0017.6%4.6%16.7%49.8%18.6%3.7%0.2%2.7M-65.5M-720.8K1.6418.56N/AN/A44572819,81520,180
2019-05-08$105.12$105.0016.6%4.5%16.8%43.6%15.8%3.4%-0.1%3.1M-75.1M-698.2K0.956.56N/AN/A44742519,88420,238
2019-05-09$105.13$105.0017.0%4.6%16.4%46.4%15.4%3.5%-0.1%3.0M-73.7M-706.9K0.547.99N/AN/A62233719,96920,248
2019-05-10$106.69$105.0016.8%4.6%14.1%45.1%15.4%3.5%-0.4%3.6M-91.0M-691.5K2.8114.41N/AN/A4281,20120,06320,315
2019-05-13$106.30$105.0020.8%4.9%13.9%71.0%16.9%3.9%-0.3%3.5M-86.0M-681.1K2.187.90N/AN/A5031,09720,06320,315
2019-05-14$106.54$105.0020.0%4.7%10.8%65.8%16.2%3.5%-0.3%3.4M-90.1M-665.6K1.5921.36N/AN/A8271,31920,11820,438
2019-05-15$107.30$105.0015.7%4.5%11.0%37.8%15.0%3.5%-0.1%3.5M-98.5M-656.5K0.2721.34N/AN/A60916320,21819,782
2019-05-16$107.98$105.0013.7%3.9%10.8%24.7%14.8%3.1%0.3%2.7M-106.3M-629.7K0.9324.50N/AN/A1,3861,29120,33519,829
2019-05-17$108.28$105.0013.7%3.9%10.8%24.9%13.7%2.4%0.7%2.4M-106.9M-647.3K0.1719.59N/AN/A1,90731620,62420,658
2019-05-20$108.47$105.0014.2%4.1%10.8%28.3%14.9%2.5%0.5%3.1M-91.5M-654.7K0.5416.98N/AN/A61533117,47818,231
2019-05-21$109.38$105.0014.1%4.1%11.0%27.6%14.3%2.5%0.2%3.6M-99.7M-656.2K1.2920.14N/AN/A7811,00617,81918,372
2019-05-22$109.28$105.0014.2%4.1%11.1%28.1%15.4%2.3%0.2%3.6M-100.4M-645.4K0.5515.50N/AN/A46925717,94118,207
2019-05-23$109.21$105.0015.2%4.4%10.6%34.7%16.5%2.8%0.3%3.5M-99.1M-659.9K2.5721.19N/AN/A5311,36618,10418,283
2019-05-24$108.54$105.0015.2%4.4%11.0%34.4%16.8%2.5%0.0%3.3M-92.9M-662.6K0.5223.89N/AN/A63232818,24718,952
2019-05-28$107.82$105.0015.9%4.6%11.1%38.9%16.3%2.3%-0.5%3.1M-86.7M-670.3K0.3028.40N/AN/A72921818,52819,086
2019-05-29$107.24$105.0018.9%5.4%11.0%58.5%21.0%4.2%-0.8%2.7M-78.5M-689.3K1.4720.77N/AN/A2,4323,58618,79419,198
2019-05-30$108.24$105.0015.2%4.3%10.7%34.1%16.6%4.1%0.7%3.2M-84.4M-724.2K2.4427.70N/AN/A7281,77920,00022,085
2019-05-31$109.31$105.0015.9%4.6%11.2%38.8%16.1%3.0%0.5%3.2M-91.7M-748.1K0.8318.55N/AN/A1,4211,17619,89623,065