WM Options History — March 2022

In March 2022, WM traded between $146.74 and $159.27. ATM implied volatility averaged 24.0%, placing in the 61.0% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 0.9% (HV 20d: 24.9%). Max pain ranged from $141.00 to $160.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.27.

Notable Days

  • 2022-03-02: Highest Volume — 7,470 contracts
  • 2022-03-04: Largest IV spike — 26.4% change
  • 2022-03-07: Highest IV Rank — 100.0%
  • 2022-03-08: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$154.27$146.74$159.27$146.74$159.27
Max Pain$151.32$141.00$160.00$141.00$160.00
ATM IV24.0%18.8%32.4%28.6%19.5%
Expected Move7.2%5.3%10.6%8.4%5.3%
HV 20d24.9%16.8%28.0%16.8%23.7%
HV 60d20.8%17.7%22.1%17.7%20.1%
IV Rank61.0%33.9%100.0%92.4%37.3%
IV Percentile84.4%63.9%100.0%99.6%68.3%
Term Structure-0.2%-3.7%2.2%-0.9%0.0%
VWIV26.3%18.5%40.0%29.7%18.5%
Skew 25d5.2%-2.1%8.8%7.6%4.7%
Skew 10d10.3%-3.3%20.3%20.3%9.8%
Call IV 25d22.0%16.0%32.0%25.2%18.0%
Put IV 25d27.2%22.1%34.4%32.8%22.7%
Bid-Ask Spread %65.6147.6683.0858.4368.53
Gamma HHI0.180.130.270.210.27
Net GEX5.5M-2.2M12.4M-2.2M11.8M
Net DEX-78.8M-130.7M-5.2M-5.2M-118.2M
Net VEX-796.0K-910.4K-712.4K-788.7K-718.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.482.160.811.11
Total Volume5,047.3483,4287,4705,1264,181
Total OI43,159.60937,65547,69642,39238,974

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$146.74$141.0028.6%8.4%16.8%92.4%29.7%7.6%-0.9%-2.2M-5.2M-788.7K0.8158.43N/AN/A2,8312,29521,88220,510
2022-03-02$150.39$143.0023.9%7.4%19.2%66.7%26.9%5.5%0.1%1.5M-56.5M-804.2K0.4856.83N/AN/A5,0522,41824,03720,711
2022-03-03$152.59$144.0023.1%7.1%19.4%62.1%27.7%5.1%0.4%4.7M-80.8M-831.8K0.9263.06N/AN/A3,5943,30625,70220,721
2022-03-04$157.23$145.0029.2%9.7%20.9%95.8%31.8%2.8%-2.5%12.4M-130.7M-891.7K0.7568.90N/AN/A3,6152,72025,64321,456
2022-03-07$155.80$145.0032.4%10.3%21.2%100.0%40.0%-2.1%-1.2%4.3M-104.7M-910.4K1.6060.97N/AN/A1,7902,87024,44021,228
2022-03-08$148.66$145.0029.2%10.6%27.7%84.3%39.6%1.9%-1.3%-648.6K-29.1M-865.5K1.5572.10N/AN/A2,0043,11324,25321,050
2022-03-09$150.66$148.0031.2%10.0%28.0%94.3%39.1%7.0%-3.7%276.9K-43.0M-867.6K2.0478.71N/AN/A1,4302,92024,43621,875
2022-03-10$151.40$149.0028.5%8.4%27.8%81.1%30.2%5.7%0.2%788.0K-62.0M-821.3K1.8276.55N/AN/A1,6322,96624,64821,984
2022-03-11$151.72$149.0026.2%8.8%26.5%70.1%34.4%6.5%0.5%1.4M-51.6M-872.3K2.1683.08N/AN/A2,1584,66425,10022,391
2022-03-14$154.15$150.0027.2%7.1%26.8%74.6%25.5%6.3%-0.4%5.2M-83.0M-824.0K1.8452.38N/AN/A1,3752,52624,84522,521
2022-03-15$155.12$150.0026.3%7.2%26.4%70.2%25.9%6.3%-2.3%6.2M-95.5M-833.0K0.5047.66N/AN/A4,3882,19825,02822,668
2022-03-16$153.84$150.0023.6%6.7%26.8%57.5%24.6%6.6%-2.5%5.5M-69.0M-828.9K0.8356.96N/AN/A2,4091,98824,20122,337
2022-03-17$155.23$0.0022.3%6.6%26.9%51.0%25.4%5.0%-0.0%8.4M-84.7M-809.1K0.9558.75N/AN/A2,6442,51624,21922,475
2022-03-18$155.89$160.0020.8%6.1%26.9%43.7%20.3%4.4%1.8%8.6M-84.6M-751.0K0.9159.32N/AN/A3,2402,95224,28622,436
2022-03-21$155.68$155.0022.4%5.8%26.7%51.3%20.6%3.2%1.6%6.2M-82.7M-762.5K1.5769.01N/AN/A1,7742,78823,24214,413
2022-03-22$154.86$155.0019.9%5.7%26.6%39.1%21.4%5.9%2.1%5.6M-75.9M-726.9K1.6971.36N/AN/A1,3742,31723,58814,578
2022-03-23$153.50$155.0020.3%5.8%26.8%41.0%23.2%8.8%1.5%4.1M-63.3M-732.4K1.5467.15N/AN/A1,4912,30123,70814,740
2022-03-24$154.85$155.0020.1%5.7%26.8%40.0%22.7%6.6%1.6%6.1M-77.5M-741.7K1.6267.57N/AN/A1,3062,12223,81314,823
2022-03-25$155.87$155.0019.8%5.8%26.0%39.0%20.6%7.5%2.2%6.8M-85.9M-729.8K0.4966.13N/AN/A4,7262,29823,93314,786
2022-03-28$157.97$155.0020.5%5.4%25.8%42.0%19.4%2.8%-2.1%9.3M-105.2M-716.8K1.4068.35N/AN/A1,6352,29523,64614,094
2022-03-29$157.76$160.0018.8%5.3%25.3%33.9%19.3%6.6%0.1%10.6M-107.8M-766.6K1.1466.23N/AN/A1,9192,19223,92814,653
2022-03-30$158.98$160.0019.1%5.3%24.1%35.4%19.2%3.9%-0.7%10.4M-114.9M-712.4K1.4371.10N/AN/A1,5462,21024,13914,530
2022-03-31$159.27$160.0019.5%5.3%23.7%37.3%18.5%4.7%0.0%11.8M-118.2M-718.4K1.1168.53N/AN/A1,9832,19824,26614,708