WM Options History — May 2022

In May 2022, WM traded between $152.94 and $162.17. ATM implied volatility averaged 26.5%, placing in the 66.5% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 6.5% (HV 20d: 33.0%). Max pain ranged from $155.00 to $160.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.88.

Notable Days

  • 2022-05-24: Highest Volume — 7,310 contracts
  • 2022-05-13: Largest IV drop — 21.5% change
  • 2022-05-12: Highest IV Rank — 100.0%
  • 2022-05-12: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$157.64$152.94$162.17$158.53$159.18
Max Pain$158.81$155.00$160.00$160.00$155.00
ATM IV26.5%21.0%35.0%29.6%22.1%
Expected Move7.4%6.0%9.1%8.5%6.8%
HV 20d33.0%24.1%36.0%32.1%24.1%
HV 60d26.3%25.0%27.2%25.0%25.8%
IV Rank66.5%39.5%100.0%86.7%44.0%
IV Percentile86.9%60.7%100.0%98.8%66.7%
Term Structure-0.8%-4.2%2.8%-4.2%0.1%
VWIV27.9%23.5%33.3%30.0%26.2%
Skew 25d5.3%2.6%8.2%7.0%3.8%
Skew 10d10.1%4.2%16.0%16.0%8.0%
Call IV 25d25.4%19.3%35.6%27.4%21.9%
Put IV 25d30.7%24.3%38.3%34.4%25.6%
Bid-Ask Spread %65.5255.8578.9961.3360.03
Gamma HHI0.180.100.320.270.12
Net GEX3.0M-16.3M8.9M6.5M3.5M
Net DEX-50.3M-109.3M21.9M-65.2M-66.7M
Net VEX-803.2K-905.6K-697.1K-840.4K-697.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.481.810.591.29
Total Volume5,291.0953,3807,3105,8665,333
Total OI38,359.33331,44045,00435,39333,541

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$158.53$160.0029.6%8.5%32.1%86.7%30.0%7.0%-4.2%6.5M-65.2M-840.4K0.5961.33N/AN/A3,6792,18723,64411,749
2022-05-03$158.98$160.0025.5%7.6%32.1%66.3%28.0%6.6%-0.6%6.5M-66.4M-839.3K0.5464.07N/AN/A3,3871,81623,99012,376
2022-05-04$162.17$160.0023.6%7.1%32.8%57.4%25.7%5.0%-0.9%8.9M-97.9M-837.5K0.9068.14N/AN/A2,8212,54624,16912,765
2022-05-05$158.21$160.0026.1%7.2%33.9%69.2%27.9%5.6%-2.0%5.4M-56.7M-852.9K0.5765.93N/AN/A3,3631,91724,94014,102
2022-05-06$161.86$160.0029.4%7.6%34.2%85.5%31.8%8.2%-3.0%6.3M-109.3M-905.6K0.7366.46N/AN/A2,8982,12825,89014,265
2022-05-09$159.34$160.0030.2%8.1%34.4%89.2%30.6%7.9%-0.6%7.8M-81.3M-889.5K0.8869.69N/AN/A2,9682,60924,38614,035
2022-05-10$156.96$160.0031.1%8.2%34.7%93.6%28.5%2.7%-3.0%5.2M-48.0M-890.4K0.5660.98N/AN/A2,2251,23925,08415,599
2022-05-11$157.86$160.0030.8%8.2%34.5%92.2%29.8%3.0%-3.8%6.4M-58.2M-894.6K0.6967.11N/AN/A2,1641,49825,19215,792
2022-05-12$154.92$160.0035.0%9.1%34.8%100.0%33.3%2.6%-3.9%3.1M-32.6M-876.1K0.7767.37N/AN/A2,1151,63825,38116,120
2022-05-13$158.08$160.0027.5%7.5%35.6%67.5%26.8%7.6%-2.0%5.7M-54.6M-866.0K0.6569.15N/AN/A2,4671,59525,57416,377
2022-05-16$157.68$160.0023.9%6.8%35.4%52.1%26.6%3.5%0.8%5.7M-47.8M-824.2K0.5667.86N/AN/A2,1641,21625,08915,766
2022-05-17$156.94$160.0023.6%6.7%35.1%50.6%24.2%3.8%1.2%3.9M-34.8M-784.3K1.1178.99N/AN/A2,2972,54725,10115,955
2022-05-18$152.94$160.0027.3%7.8%36.0%66.6%29.4%8.2%2.8%-2.7M15.2M-738.2K1.7075.64N/AN/A2,6964,57926,06517,506
2022-05-19$153.36$160.0026.5%7.6%36.0%63.2%32.1%5.3%-0.2%-8.1M21.9M-744.9K1.8171.79N/AN/A2,3394,23725,99518,134
2022-05-20$154.55$160.0026.5%7.5%35.8%63.1%30.6%6.3%1.3%-16.3M2.8M-725.0K1.3673.27N/AN/A2,4233,29126,08018,924
2022-05-23$155.59$160.0026.6%7.6%35.4%63.6%26.2%5.6%-0.5%1.0M-32.8M-710.5K0.5255.85N/AN/A4,7752,47218,03313,407
2022-05-24$157.99$155.0023.2%7.1%29.8%48.8%24.9%3.9%0.4%3.4M-61.4M-747.4K0.4857.61N/AN/A4,9362,37419,74413,842
2022-05-25$156.42$155.0024.3%7.0%28.9%53.5%26.2%4.0%-0.1%1.7M-41.0M-744.1K1.0457.09N/AN/A2,2262,32218,96114,356
2022-05-26$158.25$155.0021.9%6.4%28.9%43.3%23.9%5.4%0.8%2.6M-57.4M-726.6K0.7458.03N/AN/A3,0122,21719,03714,450
2022-05-27$160.59$155.0021.0%6.0%28.1%39.5%23.5%5.0%0.0%7.0M-83.0M-732.2K0.9959.60N/AN/A3,2173,18019,68514,445
2022-05-31$159.18$155.0022.1%6.8%24.1%44.0%26.2%3.8%0.1%3.5M-66.7M-697.1K1.2960.03N/AN/A2,3333,00018,94514,596