WM Options History — August 2022

In August 2022, WM traded between $163.26 and $175.39. ATM implied volatility averaged 18.8%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 2.1% (HV 20d: 16.8%). Max pain ranged from $155.00 to $170.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 2.64.

Notable Days

  • 2022-08-30: Highest Volume — 9,446 contracts
  • 2022-08-26: Largest IV spike — 12.1% change
  • 2022-08-30: Highest IV Rank — 33.5%
  • 2022-08-01: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$171.03$163.26$175.39$163.26$169.89
Max Pain$166.09$155.00$170.00$155.00$170.00
ATM IV18.8%17.4%20.7%19.9%19.7%
Expected Move5.3%5.0%6.0%6.0%5.2%
HV 20d16.8%10.4%23.2%23.2%11.7%
HV 60d21.8%20.7%23.8%23.8%21.2%
IV Rank25.0%18.3%33.5%29.7%28.9%
IV Percentile30.8%14.7%42.9%40.9%38.5%
Term Structure0.4%-1.2%1.8%-0.4%-0.3%
VWIV19.5%17.9%21.4%21.3%20.2%
Skew 25d4.1%3.1%7.2%6.8%4.0%
Skew 10d8.3%4.0%12.3%7.9%8.0%
Call IV 25d17.5%15.9%18.9%18.1%18.7%
Put IV 25d21.5%20.0%24.9%24.9%22.7%
Bid-Ask Spread %72.5666.9585.1071.6975.58
Gamma HHI0.160.100.290.100.29
Net GEX1.9M-11.7M6.7M2.9M-11.7M
Net DEX-111.5M-161.1M-18.4M-82.4M-18.4M
Net VEX-690.8K-898.8K-619.8K-662.0K-898.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.640.5220.602.221.52
Total Volume3,098.5656889,4462,9805,549
Total OI32,626.73927,94345,25327,94345,253

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-08-01$163.26$155.0019.9%6.0%23.2%29.7%21.3%6.8%-0.4%2.9M-82.4M-662.0K2.2271.69N/AN/A9262,05413,53914,404
2022-08-02$163.82$157.5019.5%5.5%20.2%28.2%21.4%7.2%0.4%3.0M-87.8M-651.0K2.0873.33N/AN/A1,0482,17913,74014,562
2022-08-03$166.60$157.5019.1%5.3%19.9%26.1%20.2%3.7%0.0%3.7M-108.0M-646.4K1.6985.10N/AN/A1,3732,31714,00014,739
2022-08-04$168.92$160.0018.4%5.4%19.7%23.3%19.6%4.7%0.5%4.2M-122.3M-655.6K0.9967.18N/AN/A2,6662,63614,23015,028
2022-08-05$168.93$165.0018.1%5.1%19.5%21.5%19.9%3.4%0.2%6.7M-127.4M-662.9K2.3368.42N/AN/A1,4503,38015,04515,484
2022-08-08$169.49$165.0018.6%5.4%19.2%23.7%19.2%3.2%0.5%3.7M-117.8M-689.9K1.3468.27N/AN/A2,0922,79314,69515,740
2022-08-09$169.79$165.0019.3%5.6%18.5%27.0%19.9%3.4%0.4%3.5M-124.1M-670.9K1.7870.03N/AN/A46382615,24116,739
2022-08-10$170.00$165.0018.1%5.3%18.4%21.9%19.1%3.8%0.6%3.7M-125.6M-669.3K1.4671.01N/AN/A39958115,39917,175
2022-08-11$169.57$165.0018.2%5.3%18.6%22.1%19.2%3.5%0.5%3.4M-120.4M-685.1K1.3066.95N/AN/A29938915,55817,528
2022-08-12$171.44$165.0018.4%5.1%18.6%22.9%17.9%3.4%-1.2%4.4M-139.2M-660.3K0.9773.54N/AN/A61559415,65117,746
2022-08-15$172.50$165.0018.6%5.3%16.8%24.0%18.5%3.4%1.2%3.7M-142.8M-633.3K0.9874.64N/AN/A48247015,33217,015
2022-08-16$174.82$165.0017.4%5.0%16.2%18.3%18.0%3.5%1.1%4.0M-159.7M-619.8K0.5276.52N/AN/A1,33168615,51717,251
2022-08-17$175.39$170.0017.9%5.1%16.3%20.8%19.3%3.5%-0.5%4.1M-161.1M-644.3K1.7076.36N/AN/A33056115,84017,514
2022-08-18$175.04$170.0017.4%5.0%16.3%18.5%19.0%4.1%0.9%3.9M-156.4M-662.8K1.2867.80N/AN/A48762415,85717,700
2022-08-19$174.30$170.0018.0%5.0%16.5%21.1%18.5%3.9%1.8%3.3M-153.3M-629.1K0.7373.19N/AN/A1,07978415,97518,189
2022-08-22$174.07$170.0019.1%5.2%16.7%26.2%18.8%3.1%0.2%2.8M-116.2M-658.0K2.4471.82N/AN/A7211,75614,19914,613
2022-08-23$173.54$170.0019.3%5.4%16.8%27.1%20.2%4.1%-0.1%2.2M-106.1M-702.1K5.4270.37N/AN/A3091,67614,54915,768
2022-08-24$173.79$170.0018.5%5.2%15.1%23.6%20.0%4.1%0.5%2.1M-102.5M-736.5K0.9172.15N/AN/A64458714,64116,662
2022-08-25$174.62$170.0018.1%5.0%10.4%21.7%18.7%4.5%1.4%3.7M-113.0M-684.8K3.8869.86N/AN/A3381,31214,84117,025
2022-08-26$171.73$170.0020.3%5.3%12.4%31.9%20.3%3.7%0.1%225.1K-79.4M-746.9K20.6072.96N/AN/A3086,34414,94118,123
2022-08-29$172.15$170.0020.6%5.4%11.8%33.2%21.1%3.8%0.3%-4.2M-67.6M-796.2K3.5772.56N/AN/A1,3934,97014,34121,605
2022-08-30$170.13$170.0020.7%5.4%12.9%33.5%18.7%4.8%0.3%-9.5M-32.9M-823.5K1.0179.46N/AN/A4,6964,75015,56725,854
2022-08-31$169.89$170.0019.7%5.2%11.7%28.9%20.2%4.0%-0.3%-11.7M-18.4M-898.8K1.5275.58N/AN/A2,2043,34517,50627,747