WM Options History — April 2022

In April 2022, WM traded between $156.13 and $169.83. ATM implied volatility averaged 23.5%, placing in the 56.6% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 6.5% (HV 20d: 17.0%). Max pain ranged from $160.00 to $160.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.77.

Notable Days

  • 2022-04-28: Highest Volume — 8,186 contracts
  • 2022-04-22: Largest IV spike — 15.3% change
  • 2022-04-26: Highest IV Rank — 83.4%
  • 2022-04-29: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$161.77$156.13$169.83$159.31$165.19
Max Pain$160.00$160.00$160.00$160.00$160.00
ATM IV23.5%19.2%29.0%19.2%27.3%
Expected Move6.5%5.2%7.5%5.4%7.5%
HV 20d17.0%10.5%28.3%21.3%28.3%
HV 60d20.6%19.5%23.7%19.9%23.7%
IV Rank56.6%35.8%83.4%35.8%75.4%
IV Percentile83.2%65.5%98.0%65.5%95.6%
Term Structure-0.4%-3.8%1.8%-0.5%-0.8%
VWIV23.0%19.3%28.0%19.6%25.7%
Skew 25d4.5%3.1%6.9%4.6%5.5%
Skew 10d11.7%7.4%22.3%8.2%12.3%
Call IV 25d21.6%17.6%28.7%17.6%23.8%
Put IV 25d26.1%22.1%34.1%22.1%29.3%
Bid-Ask Spread %68.7159.1980.8867.5359.19
Gamma HHI0.270.160.590.290.36
Net GEX9.4M3.0M17.5M12.2M11.2M
Net DEX-118.4M-197.8M-52.3M-113.7M-144.5M
Net VEX-720.4K-894.4K-661.1K-739.6K-894.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.351.631.630.50
Total Volume3,626.81,9118,1863,6257,387
Total OI33,06622,24339,41939,22036,716

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$159.31$160.0019.2%5.4%21.3%35.8%19.6%4.6%-0.5%12.2M-113.7M-739.6K1.6367.53N/AN/A1,3802,24524,39414,826
2022-04-04$159.25$160.0019.5%5.2%21.0%37.1%19.3%4.5%0.0%9.3M-111.1M-687.9K1.3669.22N/AN/A9541,30023,88414,417
2022-04-05$160.81$160.0020.7%5.8%11.1%43.1%19.8%4.5%-0.8%10.5M-127.1M-718.4K0.8674.37N/AN/A1,4681,26423,90214,463
2022-04-06$160.93$160.0022.5%6.0%10.5%51.8%20.4%6.2%-0.7%10.5M-128.0M-713.5K0.8465.60N/AN/A1,7011,43024,21414,464
2022-04-07$164.06$160.0022.1%6.2%12.0%49.9%21.9%6.9%-0.8%14.1M-163.0M-706.8K0.7872.94N/AN/A1,6351,27424,44314,613
2022-04-08$165.54$160.0022.1%6.2%12.1%49.8%24.0%4.1%-0.1%15.8M-176.5M-705.5K0.7671.71N/AN/A1,8251,39324,44414,723
2022-04-11$164.04$160.0023.9%6.5%12.2%58.5%23.9%3.1%-0.4%10.9M-152.4M-702.6K0.6276.74N/AN/A1,51193124,09714,533
2022-04-12$161.70$160.0024.4%6.5%13.6%61.2%22.1%4.5%-1.3%9.5M-132.2M-685.3K0.5074.02N/AN/A1,41871024,22414,735
2022-04-13$159.65$160.0023.6%6.5%14.1%57.4%22.3%4.2%-1.1%11.3M-109.8M-690.8K0.4272.55N/AN/A2,07586524,21414,739
2022-04-14$159.34$160.0022.2%6.1%13.9%50.4%21.1%4.5%-0.9%17.5M-106.8M-688.8K0.4776.59N/AN/A1,58775324,64614,773
2022-04-18$157.33$160.0022.6%6.4%14.7%52.2%22.0%3.3%1.8%3.6M-55.1M-676.7K0.7565.66N/AN/A1,13485613,6848,559
2022-04-19$159.20$160.0022.2%6.4%15.2%50.4%23.5%4.3%0.1%4.4M-66.6M-679.5K0.7764.55N/AN/A1,08282913,8778,838
2022-04-20$160.59$160.0021.9%6.3%15.3%48.9%23.5%3.6%1.8%5.0M-78.1M-670.2K1.0065.59N/AN/A1,0371,04214,1378,923
2022-04-21$161.25$160.0022.6%6.4%14.7%52.2%23.2%3.8%1.0%5.3M-82.9M-670.8K0.8863.65N/AN/A1,1941,04714,2609,206
2022-04-22$158.62$160.0026.0%7.3%16.0%69.0%28.0%5.1%1.1%4.2M-65.9M-686.6K1.2266.16N/AN/A9801,19814,6109,457
2022-04-25$156.13$160.0028.1%7.0%16.9%79.3%22.0%3.5%-3.8%3.0M-52.3M-661.1K0.4180.88N/AN/A5,3192,20114,1629,407
2022-04-26$164.83$160.0029.0%7.4%25.3%83.4%25.8%3.9%-2.4%8.8M-140.1M-757.2K0.7360.03N/AN/A3,7962,75518,37810,831
2022-04-27$167.81$160.0025.5%7.1%25.9%66.6%25.5%5.4%-0.8%8.9M-164.9M-825.8K0.3563.49N/AN/A3,5371,23720,05712,288
2022-04-28$169.83$160.0024.0%6.9%26.0%59.1%25.6%5.0%-0.1%11.5M-197.8M-846.4K0.4863.76N/AN/A5,5312,65522,37112,811
2022-04-29$165.19$160.0027.3%7.5%28.3%75.4%25.7%5.5%-0.8%11.2M-144.5M-894.4K0.5059.19N/AN/A4,9252,46223,24613,470