WM Options History — November 2022

In November 2022, WM traded between $155.64 and $166.64. ATM implied volatility averaged 21.4%, placing in the 29.4% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 0.1% (HV 20d: 21.4%). 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 11 of 21 days. Put/call ratio averaged 0.82.

Notable Days

  • 2022-11-18: Highest Volume — 6,880 contracts
  • 2022-11-16: Largest IV drop — 8.1% change
  • 2022-11-02: Highest IV Rank — 43.6%
  • 2022-11-02: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$160.24$155.64$166.64$156.32$166.64
Max Pain$158.33$155.00$160.00$160.00$160.00
ATM IV21.4%18.3%24.1%23.8%19.3%
Expected Move6.2%5.3%7.2%7.1%5.3%
HV 20d21.4%15.2%28.6%28.6%15.2%
HV 60d22.1%21.4%22.6%21.4%22.4%
IV Rank29.4%13.7%43.6%42.2%18.7%
IV Percentile34.6%6.7%61.1%57.9%15.9%
Term Structure-0.1%-1.2%0.7%-0.3%-0.3%
VWIV22.2%18.8%25.0%25.0%21.1%
Skew 25d4.3%3.5%5.7%4.0%4.2%
Skew 10d8.3%0.3%15.9%4.7%7.4%
Call IV 25d19.8%17.1%22.2%22.2%17.1%
Put IV 25d24.2%20.6%26.9%26.2%21.3%
Bid-Ask Spread %67.1742.4280.3360.6580.33
Gamma HHI0.100.070.140.140.14
Net GEX2.8M-2.1M8.3M3.0M8.3M
Net DEX-54.6M-131.1M882.3K-13.0M-131.1M
Net VEX-944.7K-1.0M-893.7K-997.2K-914.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.231.370.530.37
Total Volume4,129.7627026,8805,8822,416
Total OI46,437.66740,51849,96247,22843,689

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-11-01$156.32$160.0023.8%7.1%28.6%42.2%25.0%4.0%-0.3%3.0M-13.0M-997.2K0.5360.65N/AN/A3,8482,03425,56121,667
2022-11-02$155.64$160.0024.1%7.2%28.6%43.6%23.7%4.2%-1.1%1.5M-1.1M-994.2K0.5572.31N/AN/A3,4641,91926,98322,173
2022-11-03$157.85$160.0023.4%6.4%24.5%39.7%22.9%4.3%-0.2%3.6M-30.0M-1.0M1.0169.22N/AN/A3,2243,25826,51522,316
2022-11-04$155.84$160.0022.8%6.7%22.5%36.7%23.0%3.9%0.1%-2.1M882.3K-990.0K0.6163.15N/AN/A2,8871,74826,45122,781
2022-11-07$157.64$155.0022.9%6.4%22.8%37.0%23.4%3.9%-0.3%-110.4K-26.3M-988.4K1.0972.54N/AN/A1,5061,64724,54422,524
2022-11-08$159.90$155.0021.9%6.4%23.4%32.2%23.5%5.0%0.3%1.8M-49.3M-1.0M0.9869.34N/AN/A1,8791,84324,65222,779
2022-11-09$158.36$155.0022.8%6.6%23.5%36.9%23.4%5.7%0.3%352.8K-33.7M-979.4K1.0967.60N/AN/A1,6441,78425,15922,984
2022-11-10$160.86$155.0021.8%6.3%23.6%31.5%22.1%4.4%0.4%3.6M-65.1M-988.8K0.8972.52N/AN/A1,7191,52525,28423,083
2022-11-11$158.29$155.0021.0%6.2%23.5%27.6%22.4%4.5%0.7%862.1K-31.3M-938.8K0.8068.78N/AN/A2,9112,32925,45023,087
2022-11-14$158.63$155.0021.9%6.3%22.2%32.0%23.8%4.3%-0.4%1.2M-40.7M-932.9K0.9370.01N/AN/A2,5432,36424,81621,987
2022-11-15$157.27$155.0023.2%6.7%21.2%38.8%23.1%5.4%0.1%-634.8K-15.8M-932.0K0.6966.14N/AN/A3,2462,24225,91422,741
2022-11-16$158.18$160.0021.3%6.1%21.3%29.2%24.2%4.2%0.3%603.1K-32.8M-929.5K1.1166.29N/AN/A1,9782,19226,17423,342
2022-11-17$158.81$160.0021.9%6.3%20.8%31.9%22.5%4.5%0.0%744.0K-36.3M-924.8K1.0168.60N/AN/A1,8321,84726,20123,611
2022-11-18$161.25$160.0021.3%6.1%21.3%28.9%21.2%4.7%-0.2%3.2M-81.8M-904.0K1.0442.42N/AN/A3,3733,50726,28623,676
2022-11-21$162.87$160.0020.5%6.0%20.7%25.0%20.9%3.9%0.5%3.8M-80.5M-912.5K0.7760.74N/AN/A2,6932,08421,91318,605
2022-11-22$163.36$160.0019.2%5.7%20.3%18.0%20.5%3.6%0.7%4.8M-85.5M-912.0K0.9863.16N/AN/A1,9851,95022,56419,152
2022-11-23$164.08$160.0018.5%5.3%17.3%14.5%18.8%3.8%0.2%5.4M-87.7M-904.7K0.6068.17N/AN/A3,0711,84222,73019,328
2022-11-25$164.12$160.0018.3%5.3%16.6%13.7%19.3%3.5%-0.4%6.7M-97.0M-894.4K0.2378.13N/AN/A57312923,77219,484
2022-11-28$164.38$160.0019.3%5.7%16.3%18.5%20.4%4.2%-0.5%6.6M-102.6M-893.7K1.3761.56N/AN/A1,1121,51923,61118,522
2022-11-29$164.70$160.0019.7%5.7%16.1%20.8%20.1%5.0%-1.2%6.4M-106.8M-895.8K0.6369.01N/AN/A64841023,94719,133
2022-11-30$166.64$160.0019.3%5.3%15.2%18.7%21.1%4.2%-0.3%8.3M-131.1M-914.9K0.3780.33N/AN/A1,76065624,30719,382