WM Options History — September 2022

In September 2022, WM traded between $160.75 and $174.15. ATM implied volatility averaged 21.8%, placing in the 35.8% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 6.5% (HV 20d: 15.3%). Max pain ranged from $165.00 to $170.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.96.

Notable Days

  • 2022-09-07: Highest Volume — 13,013 contracts
  • 2022-09-13: Largest IV spike — 16.0% change
  • 2022-09-29: Highest IV Rank — 62.0%
  • 2022-09-27: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$168.73$160.75$174.15$169.56$160.75
Max Pain$168.57$165.00$170.00$170.00$170.00
ATM IV21.8%17.3%27.7%19.9%27.0%
Expected Move6.2%5.0%7.5%5.3%7.1%
HV 20d15.3%10.7%18.1%10.7%18.1%
HV 60d18.8%17.0%21.1%21.1%17.0%
IV Rank35.8%14.0%62.0%29.9%58.6%
IV Percentile51.1%7.1%92.5%40.1%89.7%
Term Structure0.6%-0.3%2.1%0.1%-0.2%
VWIV22.0%18.0%26.5%19.2%26.0%
Skew 25d4.2%0.5%7.7%3.4%7.7%
Skew 10d9.2%2.0%13.7%7.9%12.4%
Call IV 25d20.8%17.9%26.4%19.4%23.3%
Put IV 25d25.1%20.8%31.7%22.8%31.0%
Bid-Ask Spread %70.1460.9784.9376.1276.06
Gamma HHI0.210.090.350.310.10
Net GEX-3.4M-17.6M17.1M-13.2M-3.4M
Net DEX-47.4M-142.9M71.2M-17.7M71.2M
Net VEX-961.5K-1.1M-821.7K-875.1K-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.123.641.051.08
Total Volume5,763.3331,00113,0131,0017,570
Total OI52,587.76244,35258,84346,14454,544

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-09-01$169.56$170.0019.9%5.3%10.7%29.9%19.2%3.4%0.1%-13.2M-17.7M-875.1K1.0576.12N/AN/A48851317,95628,188
2022-09-02$167.98$170.0019.6%5.0%11.2%28.6%18.0%3.8%-0.2%-17.6M18.2M-881.7K1.0284.93N/AN/A1,8471,87518,23528,315
2022-09-06$169.02$165.0020.0%5.8%11.3%29.7%21.2%3.8%-0.3%-13.9M-5.6M-862.0K1.4368.60N/AN/A2,8624,10319,21328,746
2022-09-07$174.15$165.0019.4%5.7%15.6%24.2%20.7%4.0%-0.1%-6.1M-142.9M-821.7K0.4565.01N/AN/A8,9734,04020,31230,403
2022-09-08$173.18$165.0019.1%5.6%15.8%22.8%21.0%4.3%0.1%-3.9M-109.0M-859.4K0.9566.08N/AN/A1,3221,25920,22931,012
2022-09-09$173.67$165.0018.4%5.4%15.7%19.3%20.3%3.0%0.6%-2.9M-136.5M-845.6K2.0160.97N/AN/A1,2602,52721,08431,528
2022-09-12$173.60$165.0017.3%5.3%15.3%14.0%19.3%4.1%0.0%-3.5M-124.6M-822.1K0.6561.62N/AN/A2,0731,34620,23030,563
2022-09-13$171.13$165.0020.0%6.1%16.0%27.3%21.2%4.9%1.0%-11.6M-73.2M-896.4K1.3261.22N/AN/A3,1454,15421,72331,354
2022-09-14$171.25$170.0021.2%6.6%15.2%32.8%21.6%4.3%2.1%-9.2M-95.6M-915.8K0.1281.39N/AN/A3,92548223,54432,614
2022-09-15$170.54$170.0020.3%6.0%15.1%28.4%20.4%0.5%1.4%-8.0M-91.1M-940.1K1.3666.33N/AN/A9931,35025,56332,759
2022-09-16$169.26$170.0020.7%6.1%15.3%30.4%21.6%3.1%0.7%-10.5M-31.1M-939.2K0.4066.34N/AN/A7,8343,15825,67733,166
2022-09-19$171.00$170.0020.2%5.8%15.8%27.9%19.1%3.8%1.4%8.6M-116.5M-920.0K0.5667.93N/AN/A7,9254,43923,57020,782
2022-09-20$169.92$170.0020.7%5.9%16.0%30.5%22.4%4.4%1.0%16.8M-106.5M-1.0M0.4165.46N/AN/A1,69369729,85124,505
2022-09-21$169.34$170.0021.1%6.1%16.0%32.7%22.0%4.1%1.7%17.1M-95.3M-1.1M0.3671.55N/AN/A1,63958230,76624,803
2022-09-22$167.79$170.0021.7%6.2%16.2%35.4%21.3%3.4%1.5%11.3M-47.2M-1.1M0.4374.91N/AN/A80534931,72125,020
2022-09-23$165.51$170.0023.5%6.6%16.5%44.0%22.9%5.1%1.4%-3.2M835.7K-1.1M3.6475.78N/AN/A1,5875,77432,13325,046
2022-09-26$165.53$170.0026.9%7.1%15.7%60.6%25.6%4.6%0.0%-4.9M4.6M-1.1M0.8168.78N/AN/A3,9093,17524,34926,335
2022-09-27$163.16$170.0026.7%7.5%16.2%57.0%26.1%5.3%0.8%-5.3M38.2M-1.1M0.7069.42N/AN/A4,2412,97224,99926,707
2022-09-28$165.19$170.0026.7%7.1%16.7%56.9%26.0%5.5%-0.1%-5.0M7.4M-1.1M0.7170.45N/AN/A4,0912,88625,71327,172
2022-09-29$161.80$170.0027.7%7.3%18.0%62.0%26.5%5.7%-0.1%-3.6M57.8M-1.0M0.7573.97N/AN/A4,0943,07326,76727,146
2022-09-30$160.75$170.0027.0%7.1%18.1%58.6%26.0%7.7%-0.2%-3.4M71.2M-1.0M1.0876.06N/AN/A3,6393,93127,33627,208