WM Options History — July 2021

In July 2021, WM traded between $140.98 and $148.31. ATM implied volatility averaged 16.8%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 5.4% (HV 20d: 11.4%). Max pain ranged from $135.00 to $140.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.41.

Notable Days

  • 2021-07-27: Highest Volume — 4,370 contracts
  • 2021-07-07: Largest IV spike — 30.4% change
  • 2021-07-19: Highest IV Rank — 43.1%
  • 2021-07-19: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$144.54$140.98$148.31$140.98$148.31
Max Pain$139.52$135.00$140.00$135.00$140.00
ATM IV16.8%11.8%21.7%14.9%14.4%
Expected Move4.9%4.1%6.2%4.3%4.1%
HV 20d11.4%9.0%13.5%9.1%13.5%
HV 60d13.2%12.6%13.9%12.7%13.5%
IV Rank20.8%0.0%43.1%5.0%11.3%
IV Percentile22.0%0.0%73.8%7.1%3.2%
Term Structure0.6%-1.9%3.6%3.2%1.5%
VWIV17.4%14.4%21.9%15.6%16.2%
Skew 25d2.7%1.4%4.3%3.9%2.4%
Skew 10d5.9%1.5%12.7%12.7%4.9%
Call IV 25d16.5%12.7%20.4%15.2%14.6%
Put IV 25d19.2%15.8%24.7%19.1%17.0%
Bid-Ask Spread %75.8460.4491.2291.2271.50
Gamma HHI0.280.190.620.190.25
Net GEX7.9M3.8M15.1M8.8M7.6M
Net DEX-191.6M-278.2M-129.5M-176.8M-185.2M
Net VEX-932.3K-1.0M-864.2K-1.0M-913.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.100.880.370.64
Total Volume1,826.7626614,3701,1931,665
Total OI49,846.04841,95056,76052,16646,834

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$140.98$135.0014.9%4.3%9.1%5.0%15.6%3.9%3.2%8.8M-176.8M-1.0M0.3791.22N/AN/A87232130,47121,695
2021-07-02$142.11$135.0014.2%4.1%9.5%1.4%14.4%3.1%3.6%8.8M-199.7M-930.1K0.8678.30N/AN/A1,3031,12630,40521,857
2021-07-06$142.61$140.0011.8%4.9%9.0%0.0%17.7%2.6%-0.2%9.1M-206.9M-953.3K0.2175.07N/AN/A2,13945931,14922,717
2021-07-07$143.82$140.0015.4%4.9%9.3%15.8%17.3%3.2%0.1%9.9M-233.3M-948.0K0.1076.55N/AN/A2,21522231,89922,920
2021-07-08$142.07$140.0019.1%5.4%10.5%31.7%18.7%2.5%-0.4%9.3M-197.2M-960.6K0.3479.30N/AN/A1,03935031,94822,947
2021-07-09$143.16$140.0020.6%5.2%10.7%38.5%19.0%1.4%0.9%9.3M-212.2M-1.0M0.2378.27N/AN/A57213031,97523,017
2021-07-12$143.15$140.0016.2%4.8%10.7%18.8%17.8%2.6%0.4%10.2M-227.8M-878.3K0.5877.11N/AN/A1,09664032,06123,060
2021-07-13$142.69$140.0016.8%4.7%10.7%21.7%17.6%2.2%0.3%9.5M-213.2M-911.7K0.8875.40N/AN/A1,2691,11432,02823,513
2021-07-14$143.93$140.0016.7%4.8%10.9%21.0%17.4%2.5%0.6%11.8M-237.3M-897.9K0.3360.44N/AN/A1,72956832,15823,674
2021-07-15$145.26$140.0017.0%4.9%10.9%22.6%17.2%1.8%1.2%15.1M-254.9M-908.4K0.2769.23N/AN/A1,82149732,34923,952
2021-07-16$146.11$140.0016.8%4.8%10.9%21.8%16.7%2.3%0.3%5.8M-278.2M-864.2K0.2970.28N/AN/A2,30467532,65224,108
2021-07-19$143.36$140.0021.7%6.2%12.1%43.1%21.9%4.3%-1.9%3.8M-129.5M-936.3K0.6576.39N/AN/A1,18876724,07417,876
2021-07-20$145.40$140.0017.7%5.1%12.5%25.6%18.4%2.9%0.1%5.0M-152.5M-898.2K0.6766.79N/AN/A1,03069224,50718,304
2021-07-21$144.75$140.0017.5%5.0%12.7%24.9%18.2%2.9%0.7%4.9M-144.6M-965.7K0.6276.59N/AN/A40725424,92118,455
2021-07-22$145.12$140.0017.5%5.0%12.4%24.6%17.6%3.3%0.1%5.1M-148.8M-935.6K0.1077.86N/AN/A6656825,06518,581
2021-07-23$146.53$140.0017.3%5.0%12.4%23.8%17.4%3.0%0.3%5.8M-163.4M-908.6K0.2773.34N/AN/A71319325,56718,610
2021-07-26$146.58$140.0018.4%5.3%12.4%28.7%18.2%2.5%0.0%5.9M-163.8M-921.3K0.2475.32N/AN/A1,81643425,56718,610
2021-07-27$147.12$140.0017.1%4.9%12.4%23.1%16.7%2.3%0.1%6.3M-172.4M-919.1K0.3075.27N/AN/A3,37299825,94118,684
2021-07-28$145.89$140.0016.2%4.6%13.0%18.9%16.2%3.0%1.3%6.8M-162.3M-938.9K0.3083.07N/AN/A66519727,10718,767
2021-07-29$146.45$140.0015.2%4.4%13.0%14.8%15.1%2.6%1.0%6.8M-162.7M-935.4K0.3885.36N/AN/A56421327,55819,184
2021-07-30$148.31$140.0014.4%4.1%13.5%11.3%16.2%2.4%1.5%7.6M-185.2M-913.5K0.6471.50N/AN/A1,01565027,57219,262