WM Options History — April 2023

In April 2023, WM traded between $161.21 and $167.28. ATM implied volatility averaged 18.7%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded below realized volatility by 0.4% (HV 20d: 19.1%). Max pain ranged from $155.00 to $165.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.95.

Notable Days

  • 2023-04-26: Highest Volume — 10,466 contracts
  • 2023-04-10: Largest IV spike — 10.6% change
  • 2023-04-10: Highest IV Rank — 24.0%
  • 2023-04-10: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$164.46$161.21$167.28$164.59$166.06
Max Pain$163.42$155.00$165.00$155.00$165.00
ATM IV18.7%15.7%21.1%19.4%15.7%
Expected Move5.2%4.2%5.9%4.8%4.2%
HV 20d19.1%15.5%21.3%21.2%16.4%
HV 60d18.0%17.2%20.9%20.9%18.6%
IV Rank11.2%0.0%24.0%15.0%0.0%
IV Percentile18.9%0.0%46.8%29.0%0.0%
Term Structure-0.3%-0.8%0.3%0.1%-0.5%
VWIV18.1%14.7%21.5%18.4%14.7%
Skew 25d3.9%3.2%4.7%4.0%3.5%
Skew 10d8.2%6.3%10.2%7.8%6.7%
Call IV 25d16.9%13.3%18.7%17.9%13.3%
Put IV 25d20.8%16.8%22.9%22.0%16.8%
Bid-Ask Spread %46.5217.4778.7878.7369.81
Gamma HHI0.500.180.920.440.18
Net GEX43.3M6.2M198.0M30.3M16.1M
Net DEX-255.8M-394.1M-37.4M-317.7M-182.5M
Net VEX-1.2M-1.4M-1.2M-1.4M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.333.080.530.84
Total Volume2,716.4211,30110,4661,5722,374
Total OI66,653.15848,24774,72770,22459,962

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$164.59$155.0019.4%4.8%21.2%15.0%18.4%4.0%0.1%30.3M-317.7M-1.4M0.5378.73N/AN/A1,03054242,78927,435
2023-04-04$163.05$155.0019.3%4.7%21.2%14.4%16.6%4.6%-0.1%30.3M-263.5M-1.3M0.9131.49N/AN/A1,9131,74443,20827,866
2023-04-05$162.71$155.0019.8%4.8%21.3%16.9%17.6%3.8%-0.2%30.4M-256.9M-1.4M0.7378.78N/AN/A78256745,21529,042
2023-04-06$163.32$165.0019.1%5.3%21.3%12.9%19.1%4.2%-0.3%33.0M-278.8M-1.4M0.6666.45N/AN/A1,48998545,51129,216
2023-04-10$162.09$165.0021.1%5.9%20.8%24.0%19.1%4.6%-0.6%32.3M-213.6M-1.3M1.1349.97N/AN/A77387741,92126,886
2023-04-11$162.96$165.0019.2%5.4%20.3%13.6%19.1%4.4%-0.2%37.9M-241.7M-1.3M0.4750.19N/AN/A88341842,24327,270
2023-04-12$165.60$165.0020.0%5.6%20.2%18.1%21.5%4.7%-0.7%38.8M-335.2M-1.3M1.2033.80N/AN/A1,2361,48042,52027,336
2023-04-13$167.28$165.0019.5%5.5%20.3%15.3%18.1%4.0%-0.4%34.1M-394.1M-1.2M0.5019.32N/AN/A2,8221,40742,91128,125
2023-04-14$165.33$165.0018.6%5.3%21.0%10.3%18.9%3.6%-0.4%39.9M-334.7M-1.2M0.7050.93N/AN/A90362943,49328,539
2023-04-17$165.10$165.0018.3%5.2%19.5%8.7%18.8%3.5%0.2%54.0M-303.6M-1.2M0.7929.91N/AN/A1,2761,00741,83726,836
2023-04-18$165.26$165.0017.9%5.1%19.2%6.8%17.6%3.6%0.1%57.5M-312.0M-1.2M0.5335.15N/AN/A1,15761542,97427,555
2023-04-19$164.94$165.0017.8%5.1%19.2%5.8%17.5%3.6%0.3%70.8M-299.0M-1.2M3.0827.60N/AN/A3781,16643,17027,671
2023-04-20$165.66$165.0018.5%5.3%18.5%9.7%20.1%4.2%-0.2%83.1M-332.2M-1.2M0.4417.47N/AN/A1,42763343,23729,179
2023-04-21$165.28$165.0017.8%5.1%17.3%6.3%17.4%3.5%0.3%198.0M-364.5M-1.2M0.5341.82N/AN/A85745044,01629,497
2023-04-24$165.56$165.0017.7%5.1%15.7%5.4%17.8%3.2%-0.8%11.1M-149.6M-1.2M0.6734.00N/AN/A1,38392428,20520,042
2023-04-25$165.26$165.0019.3%5.5%15.5%14.2%18.7%3.6%-0.7%11.0M-148.7M-1.2M2.6451.14N/AN/A7561,99729,17820,674
2023-04-26$163.40$165.0018.8%5.8%16.4%11.3%17.3%4.2%-0.3%6.2M-93.9M-1.2M0.3367.34N/AN/A7,8912,57529,26822,349
2023-04-27$161.21$165.0017.5%4.9%16.8%4.2%15.6%3.2%-0.7%7.2M-37.4M-1.2M1.3250.06N/AN/A1,8392,42735,67923,555
2023-04-28$166.06$165.0015.7%4.2%16.4%0.0%14.7%3.5%-0.5%16.1M-182.5M-1.2M0.8469.81N/AN/A1,2911,08335,95024,012