WM Options History — October 2019

In October 2019, WM traded between $111.28 and $117.25. ATM implied volatility averaged 18.7%, placing in the 51.0% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 1.8% (HV 20d: 16.9%). Max pain ranged from $110.00 to $115.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.46.

Notable Days

  • 2019-10-22: Highest Volume — 5,290 contracts
  • 2019-10-23: Largest IV drop — 17.6% change
  • 2019-10-09: Highest IV Rank — 68.0%
  • 2019-10-03: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$114.88$111.28$117.25$115.00$112.12
Max Pain$114.57$110.00$115.00$110.00$115.00
ATM IV18.7%15.6%21.0%18.1%17.1%
Expected Move5.5%4.5%6.1%5.2%4.9%
HV 20d16.9%14.1%21.5%21.4%16.3%
HV 60d18.6%18.0%19.5%18.1%18.4%
IV Rank51.0%27.9%68.0%49.4%38.9%
IV Percentile76.2%30.6%95.6%74.6%62.3%
Term Structure-1.1%-2.5%2.4%2.4%-0.3%
VWIV19.0%16.3%21.3%18.3%16.8%
Skew 25d3.6%2.0%5.1%3.4%2.3%
Skew 10d7.4%3.8%11.4%9.0%3.8%
Call IV 25d17.6%15.5%19.5%17.0%15.5%
Put IV 25d21.2%17.8%23.6%20.4%17.8%
Bid-Ask Spread %22.188.9436.2413.259.01
Gamma HHI0.250.200.380.210.21
Net GEX2.1M-307.7K4.3M1.3M260.9K
Net DEX-83.4M-138.3M-37.2M-78.7M-49.0M
Net VEX-677.9K-747.0K-628.1K-747.0K-640.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.101.410.230.24
Total Volume2,162.9137105,2902,3121,289
Total OI51,491.73942,17857,31252,09349,890

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-10-01$115.00$110.0018.1%5.2%21.4%49.4%18.3%3.4%2.4%1.3M-78.7M-747.0K0.2313.25N/AN/A1,87943325,12226,971
2019-10-02$114.99$110.0018.8%5.4%20.9%53.9%21.0%5.1%2.2%1.7M-84.4M-728.2K0.8814.79N/AN/A77868325,25827,109
2019-10-03$114.84$115.0018.4%6.1%20.6%48.3%21.3%4.0%-1.9%1.7M-80.7M-743.9K1.4134.54N/AN/A55678225,74527,109
2019-10-04$116.68$115.0017.8%5.9%21.5%43.6%19.5%4.7%-2.0%2.9M-101.3M-743.6K0.1926.27N/AN/A1,93036125,78727,584
2019-10-07$115.78$115.0017.8%5.9%21.1%44.0%19.8%4.0%-2.0%2.2M-95.7M-687.8K0.3026.48N/AN/A1,25237325,88927,715
2019-10-08$115.01$115.0018.7%6.1%16.0%50.8%21.1%4.3%-2.1%1.3M-81.9M-717.2K0.1022.50N/AN/A6456526,08127,730
2019-10-09$115.66$115.0021.0%6.0%15.4%68.0%19.9%3.7%-2.0%2.2M-91.9M-716.9K0.3424.86N/AN/A87229926,17627,739
2019-10-10$117.25$115.0020.9%6.0%15.6%67.0%19.7%4.0%-1.7%4.3M-115.8M-698.7K0.1831.61N/AN/A1,41625826,21127,746
2019-10-11$116.88$115.0020.3%5.8%15.0%63.0%18.7%3.7%-1.3%3.8M-114.5M-659.3K0.1534.41N/AN/A1,33720326,02327,757
2019-10-14$116.08$115.0020.5%5.9%15.3%64.2%19.1%3.8%-2.1%2.6M-105.2M-639.8K0.1336.24N/AN/A3,10741626,60027,787
2019-10-15$115.74$115.0019.7%5.6%14.1%57.9%18.7%3.6%-1.8%3.2M-101.8M-669.0K0.2132.19N/AN/A1,82237427,72928,011
2019-10-16$114.99$115.0019.6%5.6%14.3%57.6%20.0%3.8%-2.1%3.3M-95.0M-650.1K0.2726.84N/AN/A1,15131328,37828,012
2019-10-17$116.31$115.0018.7%5.4%14.7%50.6%18.5%3.4%-1.5%4.2M-114.8M-670.9K0.1425.67N/AN/A1,85325728,70828,060
2019-10-18$117.16$115.0020.2%5.8%14.8%61.7%19.3%3.8%-2.5%4.0M-138.3M-628.1K0.4823.88N/AN/A1,43368329,19828,114
2019-10-21$117.19$115.0020.1%5.8%14.8%61.4%20.2%3.5%-1.7%3.8M-96.1M-668.1K1.1419.40N/AN/A9111,03421,64620,532
2019-10-22$116.72$115.0020.9%6.0%14.9%67.2%20.7%3.7%-2.4%3.3M-93.2M-681.1K0.9016.98N/AN/A2,7822,50822,09521,092
2019-10-23$113.33$115.0017.2%4.9%18.1%39.8%17.9%3.0%-0.7%609.3K-52.9M-666.6K0.708.94N/AN/A2,6721,87024,07422,353
2019-10-24$113.07$115.0015.6%4.5%17.6%27.9%16.3%2.6%0.3%-50.4K-49.8M-652.7K0.8115.52N/AN/A2,3731,92924,70022,659
2019-10-25$111.48$115.0017.3%5.0%17.0%40.5%16.6%3.4%0.0%-307.7K-37.2M-650.1K0.3313.99N/AN/A1,61954125,26722,406
2019-10-28$111.28$115.0017.9%5.1%15.9%44.7%17.1%3.6%-0.8%5.2K-39.0M-641.8K0.4011.68N/AN/A77731426,03422,489
2019-10-29$112.02$115.0017.9%5.1%16.2%44.7%18.2%3.3%-0.9%360.1K-47.4M-649.6K0.5217.17N/AN/A1,39972726,28622,668
2019-10-30$112.55$115.0015.7%4.5%16.3%28.2%18.1%2.0%-0.4%803.3K-54.0M-641.5K0.6423.86N/AN/A89757426,76123,009
2019-10-31$112.12$115.0017.1%4.9%16.3%38.9%16.8%2.3%-0.3%260.9K-49.0M-640.5K0.249.01N/AN/A1,03725226,84823,042