WM Options History — July 2022

In July 2022, WM traded between $149.05 and $164.78. ATM implied volatility averaged 24.0%, placing in the 49.1% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 0.4% (HV 20d: 24.3%). Max pain ranged from $150.00 to $155.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.73.

Notable Days

  • 2022-07-01: Highest Volume — 5,780 contracts
  • 2022-07-28: Largest IV drop — 15.5% change
  • 2022-07-05: Highest IV Rank — 64.0%
  • 2022-07-05: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$154.44$149.05$164.78$155.89$164.59
Max Pain$150.38$150.00$155.00$150.00$155.00
ATM IV24.0%18.7%26.7%25.6%18.8%
Expected Move6.7%5.2%7.5%6.4%5.2%
HV 20d24.3%20.2%28.8%26.0%23.6%
HV 60d26.6%24.1%27.7%27.1%24.1%
IV Rank49.1%24.4%64.0%59.2%24.8%
IV Percentile70.8%33.3%88.9%83.7%33.3%
Term Structure0.1%-1.2%2.3%1.0%0.4%
VWIV24.5%20.3%28.3%23.5%20.3%
Skew 25d4.8%2.9%6.1%2.9%3.5%
Skew 10d10.0%6.2%13.9%13.9%6.8%
Call IV 25d22.2%16.5%27.1%27.1%17.8%
Put IV 25d27.0%21.2%29.9%29.9%21.3%
Bid-Ask Spread %67.7261.0276.3473.2574.88
Gamma HHI0.120.090.150.150.13
Net GEX1.1M-1.4M4.8M3.9M4.3M
Net DEX-37.4M-111.5M2.0M-61.5M-109.8M
Net VEX-664.0K-692.9K-619.9K-640.6K-628.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.730.893.160.931.95
Total Volume4,636.63,0575,7805,7804,759
Total OI30,337.8526,01434,61132,20629,229

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-07-01$155.89$150.0025.6%6.4%26.0%59.2%23.5%2.9%1.0%3.9M-61.5M-640.6K0.9373.25N/AN/A3,0002,78017,52514,681
2022-07-05$151.62$150.0026.7%7.5%27.7%64.0%28.2%5.3%-0.9%1.0M-23.7M-629.2K1.2463.80N/AN/A2,4082,98917,21714,193
2022-07-06$154.80$150.0025.3%6.9%28.8%58.1%26.8%4.9%-0.5%1.9M-47.2M-640.3K0.8963.59N/AN/A2,8742,55317,43015,003
2022-07-07$153.66$150.0025.3%6.9%28.6%54.9%26.6%4.8%-1.2%1.3M-36.4M-641.7K1.2468.23N/AN/A2,4973,08417,76715,604
2022-07-08$152.94$150.0024.2%6.8%28.2%49.9%24.2%3.4%-0.4%-735.8K-27.2M-658.5K0.9569.30N/AN/A2,7762,63817,87216,739
2022-07-11$152.29$150.0026.1%7.2%27.2%58.8%24.3%4.9%-0.7%-541.7K-16.5M-655.7K2.0267.90N/AN/A1,0802,18316,04716,326
2022-07-12$150.88$150.0025.8%7.3%26.9%57.1%26.0%5.4%-0.3%-1.3M-2.0M-681.0K0.9865.27N/AN/A2,1642,12016,23116,691
2022-07-13$150.70$150.0025.6%7.3%24.8%56.2%25.0%5.0%0.1%-1.4M-3.6M-682.8K0.9669.53N/AN/A2,1442,05216,77216,778
2022-07-14$151.11$150.0026.3%7.4%24.3%59.4%25.1%5.2%-0.7%-1.3M-7.4M-686.9K1.1571.88N/AN/A1,8732,15816,87316,902
2022-07-15$151.34$150.0024.3%6.9%24.3%50.3%23.2%5.7%-0.4%-1.3M-12.9M-679.2K1.3276.34N/AN/A1,8622,45717,01517,151
2022-07-18$149.05$150.0024.7%7.1%22.9%52.2%24.0%4.7%0.6%-1.3M2.0M-666.6K1.5863.52N/AN/A1,2782,01611,78614,228
2022-07-19$152.13$150.0022.9%6.5%23.0%43.7%22.6%4.6%1.7%69.8K-18.3M-669.9K1.5064.33N/AN/A1,2251,83212,33714,457
2022-07-20$153.03$150.0022.6%6.5%21.5%42.7%23.2%4.2%0.2%721.6K-27.3M-691.6K2.9362.56N/AN/A1,1783,44912,80014,684
2022-07-21$155.17$150.0022.2%6.3%21.8%40.7%26.2%4.6%1.3%2.1M-44.8M-685.2K2.5365.25N/AN/A1,4733,72913,13515,395
2022-07-22$154.82$150.0023.3%6.7%21.3%45.5%28.3%4.7%-0.8%2.4M-43.0M-679.7K2.8964.28N/AN/A1,4824,28013,34314,810
2022-07-25$155.43$150.0024.2%6.6%20.3%49.9%24.0%5.4%0.4%1.8M-42.8M-692.9K3.1661.02N/AN/A9202,90513,01313,798
2022-07-26$155.30$150.0024.3%7.1%20.2%50.3%25.0%6.1%2.3%1.8M-40.9M-687.3K2.4068.17N/AN/A1,2482,99813,12713,952
2022-07-27$159.32$150.0022.1%5.9%21.6%40.2%22.2%5.2%-1.2%4.8M-73.3M-663.4K2.3070.70N/AN/A1,4313,29513,48114,254
2022-07-28$164.78$152.5018.7%5.3%23.6%24.4%20.9%4.7%0.3%4.1M-111.5M-619.9K1.6570.55N/AN/A2,0923,45013,65114,460
2022-07-29$164.59$155.0018.8%5.2%23.6%24.8%20.3%3.5%0.4%4.3M-109.8M-628.6K1.9574.88N/AN/A1,6113,14814,20615,023