WM Options History — December 2022

In December 2022, WM traded between $156.69 and $169.36. ATM implied volatility averaged 18.8%, placing in the 16.1% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 3.5% (HV 20d: 15.3%). Max pain ranged from $155.00 to $160.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 1.27.

Notable Days

  • 2022-12-27: Highest Volume — 3,000 contracts
  • 2022-12-22: Largest IV spike — 12.2% change
  • 2022-12-28: Highest IV Rank — 24.1%
  • 2022-12-07: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$162.70$156.69$169.36$167.93$156.69
Max Pain$155.48$155.00$160.00$160.00$155.00
ATM IV18.8%16.7%20.3%17.6%20.2%
Expected Move5.4%5.0%5.8%5.5%5.5%
HV 20d15.3%11.4%18.3%15.0%17.9%
HV 60d22.0%21.5%22.7%21.6%21.7%
IV Rank16.1%5.3%24.1%10.2%23.2%
IV Percentile14.0%0.8%29.4%3.2%27.4%
Term Structure1.1%-0.9%5.3%0.4%3.2%
VWIV19.1%16.9%21.2%19.5%19.4%
Skew 25d3.3%0.3%4.4%2.9%3.2%
Skew 10d8.2%3.0%12.7%7.5%11.3%
Call IV 25d17.6%16.3%20.9%17.0%18.6%
Put IV 25d20.9%19.4%22.7%19.9%21.8%
Bid-Ask Spread %70.4854.8581.2477.7959.61
Gamma HHI0.130.080.320.140.10
Net GEX4.1M-2.8M17.7M9.0M-2.8M
Net DEX-74.5M-153.0M-5.4M-131.8M-9.2M
Net VEX-898.7K-973.3K-831.3K-919.3K-849.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.393.600.392.26
Total Volume1,624.3818703,0002,3981,578
Total OI43,954.52441,30346,10643,67845,107

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-12-01$167.93$160.0017.6%5.5%15.0%10.2%19.5%2.9%0.4%9.0M-131.8M-919.3K0.3977.79N/AN/A1,72367523,83119,847
2022-12-02$169.36$160.0016.7%5.0%14.6%5.3%18.3%3.3%0.2%9.6M-153.0M-947.5K0.8266.97N/AN/A1,00782724,54820,041
2022-12-05$167.91$155.0017.3%5.3%14.1%8.5%21.2%3.8%0.9%8.5M-136.3M-938.9K0.6879.98N/AN/A1,34191123,39619,715
2022-12-06$165.18$155.0018.7%5.6%15.4%15.7%19.2%4.2%0.1%6.8M-107.4M-949.9K1.9176.15N/AN/A51998924,07720,152
2022-12-07$165.08$155.0019.2%5.8%14.8%18.3%19.8%3.6%0.5%6.0M-100.6M-973.3K0.4178.17N/AN/A77031524,22620,769
2022-12-08$165.76$155.0018.2%5.6%14.2%13.1%18.8%3.1%0.2%7.4M-113.3M-947.6K1.1978.66N/AN/A43651924,62120,916
2022-12-09$167.31$155.0018.7%5.6%13.6%15.8%18.9%3.3%0.8%17.7M-133.5M-962.3K0.8681.24N/AN/A67157524,93521,171
2022-12-12$166.67$155.0019.7%5.7%12.0%20.8%19.9%4.1%-0.1%6.7M-115.0M-953.0K1.0080.64N/AN/A57857923,75520,066
2022-12-13$166.75$155.0019.2%5.4%12.1%18.2%18.5%3.2%-0.3%7.3M-118.7M-918.6K0.9576.47N/AN/A80976623,92320,444
2022-12-14$166.58$155.0019.1%5.2%11.4%17.8%17.9%2.5%-0.9%7.8M-117.5M-917.2K0.7677.04N/AN/A59344924,37820,835
2022-12-15$163.37$155.0017.9%5.2%13.8%11.5%18.8%3.5%0.4%4.7M-73.7M-919.3K0.9859.55N/AN/A96894624,49920,852
2022-12-16$162.03$155.0019.0%5.5%14.2%17.1%18.6%0.3%0.9%1.8M-56.2M-898.5K0.7469.56N/AN/A1,09380924,76421,277
2022-12-19$157.35$155.0019.4%5.4%16.9%19.4%18.6%3.6%1.7%-915.1K-5.4M-839.6K0.7868.84N/AN/A1,12187421,87419,429
2022-12-20$158.15$155.0018.9%5.4%16.5%16.5%18.8%3.9%0.3%-560.7K-22.7M-848.1K0.7163.47N/AN/A55038922,40219,385
2022-12-21$159.14$155.0017.5%5.0%16.7%9.6%16.9%3.3%5.3%-328.4K-35.0M-852.5K3.6070.11N/AN/A4111,47922,52719,500
2022-12-22$157.07$155.0019.7%5.6%17.0%20.7%19.9%3.9%-0.1%-1.3M-13.7M-831.3K2.1363.26N/AN/A7941,69422,62719,672
2022-12-23$158.87$155.0018.5%5.2%17.7%14.7%19.5%3.7%1.5%-568.5K-28.0M-856.0K1.7772.78N/AN/A33659422,79620,557
2022-12-27$159.52$155.0019.3%5.6%17.8%18.5%20.4%4.4%2.9%874.1K-43.2M-832.7K1.2663.43N/AN/A1,3281,67222,07119,508
2022-12-28$157.29$155.0020.3%5.5%18.3%24.1%19.6%4.1%2.1%-1.1M-19.5M-846.2K2.2061.43N/AN/A4851,06922,90520,828
2022-12-29$158.69$155.0019.3%5.6%18.0%18.8%19.6%2.0%3.0%-1.0M-30.2M-872.4K1.2954.85N/AN/A38049023,14221,677
2022-12-30$156.69$155.0020.2%5.5%17.9%23.2%19.4%3.2%3.2%-2.8M-9.2M-849.3K2.2659.61N/AN/A4841,09423,27821,829