WM Options History — June 2019

In June 2019, WM traded between $110.86 and $116.94. ATM implied volatility averaged 15.8%, placing in the 38.6% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 3.6% (HV 20d: 12.3%). Max pain ranged from $105.00 to $110.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.88.

Notable Days

  • 2019-06-05: Highest Volume — 4,710 contracts
  • 2019-06-05: Largest IV drop — 9.8% change
  • 2019-06-03: Highest IV Rank — 51.9%
  • 2019-06-03: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$114.34$110.86$116.94$110.86$115.52
Max Pain$106.75$105.00$110.00$110.00$110.00
ATM IV15.8%14.8%17.9%17.9%14.8%
Expected Move4.6%4.2%5.1%5.1%4.2%
HV 20d12.3%10.6%13.9%12.0%13.9%
HV 60d13.3%12.7%14.1%12.9%14.1%
IV Rank38.6%31.7%51.9%51.9%31.7%
IV Percentile55.2%38.9%79.8%79.8%38.9%
Term Structure1.5%-0.4%3.3%-0.4%3.3%
VWIV16.3%14.2%18.5%18.0%14.2%
Skew 25d3.6%3.0%4.4%4.4%3.5%
Skew 10d8.7%6.5%10.8%9.0%7.6%
Call IV 25d14.7%13.5%16.2%16.2%13.5%
Put IV 25d18.4%16.9%20.6%20.6%16.9%
Bid-Ask Spread %18.8111.2628.6518.7011.38
Gamma HHI0.270.200.350.330.23
Net GEX4.4M3.8M5.3M3.8M4.9M
Net DEX-130.4M-159.2M-109.4M-109.4M-132.5M
Net VEX-689.0K-776.4K-642.6K-719.8K-776.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.282.101.060.57
Total Volume2,605.78214,7103,7042,395
Total OI46,594.743,25350,41743,81150,417

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$110.86$110.0017.9%5.1%12.0%51.9%18.0%4.4%-0.4%3.8M-109.4M-719.8K1.0618.70N/AN/A1,7971,90720,23623,575
2019-06-04$111.15$110.0017.7%5.1%11.8%50.8%17.9%3.9%-0.2%3.8M-111.0M-692.4K1.1717.59N/AN/A9521,11720,07823,639
2019-06-05$113.10$110.0016.0%4.6%11.2%39.5%18.5%3.2%0.5%4.0M-129.9M-671.7K0.3515.57N/AN/A3,4841,22620,16423,988
2019-06-06$113.58$105.0015.1%4.6%11.1%34.1%18.2%4.0%1.2%3.9M-122.2M-665.0K1.2328.65N/AN/A1,1551,42218,94424,309
2019-06-07$114.35$105.0015.1%4.6%11.0%33.8%16.0%3.6%1.5%3.8M-129.0M-658.8K0.3123.81N/AN/A3,3071,01719,06624,754
2019-06-10$114.01$105.0015.9%4.6%10.6%38.8%16.5%4.1%1.3%4.2M-128.7M-642.6K0.9221.08N/AN/A1,00292320,05524,745
2019-06-11$112.98$105.0016.1%4.5%11.2%40.3%17.0%3.9%1.2%4.2M-117.2M-672.7K2.1024.74N/AN/A6351,33320,46225,215
2019-06-12$114.18$105.0016.0%4.6%11.5%39.6%17.2%3.6%0.9%4.2M-129.9M-657.1K1.6621.05N/AN/A8011,33220,57825,736
2019-06-13$113.33$105.0015.5%4.4%12.1%36.3%16.8%3.9%1.5%4.1M-119.9M-682.5K1.5621.88N/AN/A8071,26220,69126,287
2019-06-14$114.66$105.0015.3%4.4%12.4%35.4%15.7%3.3%1.7%4.3M-131.2M-704.1K0.8218.91N/AN/A82067320,90126,300
2019-06-17$114.22$105.0015.5%4.5%12.6%36.6%15.8%3.6%1.7%4.4M-132.6M-655.3K0.6122.49N/AN/A51131021,01726,183
2019-06-18$114.01$105.0015.6%4.5%12.7%37.3%15.6%3.0%1.6%4.6M-131.5M-652.2K0.5227.15N/AN/A1,12457921,17726,185
2019-06-19$114.60$105.0015.4%4.4%12.6%35.5%15.7%3.4%1.8%5.3M-133.9M-669.0K0.7725.36N/AN/A59645721,69926,457
2019-06-20$115.95$105.0015.3%4.4%13.0%35.2%14.4%3.8%2.0%5.3M-152.1M-668.7K0.5814.37N/AN/A2,8901,67221,88126,591
2019-06-21$116.19$105.0015.9%4.5%12.9%38.8%15.5%3.4%1.5%4.5M-159.2M-660.9K0.2815.21N/AN/A3,10786323,01126,821
2019-06-24$116.94$105.0016.1%4.6%12.5%40.0%15.2%3.5%2.1%4.8M-145.3M-688.3K0.5411.26N/AN/A1,26067721,62924,150
2019-06-25$116.66$110.0016.3%4.7%12.1%41.7%16.1%3.6%1.8%4.8M-142.5M-692.6K1.6512.30N/AN/A1,4372,37422,10424,524
2019-06-26$114.69$110.0015.7%4.5%13.9%37.5%15.9%3.6%2.2%4.0M-118.6M-774.7K0.3611.63N/AN/A2,53089922,47825,893
2019-06-27$115.92$110.0015.5%4.5%13.9%36.7%15.3%3.8%2.6%4.7M-132.4M-775.8K0.4813.14N/AN/A99047123,60026,354
2019-06-28$115.52$110.0014.8%4.2%13.9%31.7%14.2%3.5%3.3%4.9M-132.5M-776.4K0.5711.38N/AN/A1,52686923,87726,540