WM Options History — June 2023

In June 2023, WM traded between $161.73 and $173.60. ATM implied volatility averaged 14.4%, placing in the 6.3% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 3.7% (HV 20d: 10.7%). Max pain ranged from $160.00 to $160.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2023-06-30: Highest Volume — 5,416 contracts
  • 2023-06-28: Largest IV spike — 15.0% change
  • 2023-06-28: Highest IV Rank — 22.7%
  • 2023-06-01: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$165.11$161.73$173.60$162.17$173.60
Max Pain$160.00$160.00$160.00$160.00$160.00
ATM IV14.4%13.0%17.1%16.3%14.7%
Expected Move4.0%3.4%4.5%4.5%3.6%
HV 20d10.7%7.7%14.8%7.7%14.8%
HV 60d14.7%12.4%16.3%16.1%13.4%
IV Rank6.3%0.0%22.7%11.5%9.6%
IV Percentile3.7%0.0%15.1%6.3%6.3%
Term Structure0.3%-2.4%1.9%-0.6%-0.4%
VWIV13.8%12.1%16.2%16.2%12.2%
Skew 25d3.4%2.8%4.9%3.8%3.1%
Skew 10d6.8%4.9%8.9%8.9%6.5%
Call IV 25d12.8%11.8%14.4%14.0%13.6%
Put IV 25d16.2%14.6%18.3%17.8%16.7%
Bid-Ask Spread %53.4325.2873.8046.4825.28
Gamma HHI0.240.180.580.180.40
Net GEX9.9M2.2M46.8M4.5M23.3M
Net DEX-80.8M-218.6M-30.8M-38.2M-218.6M
Net VEX-897.5K-994.9K-846.2K-992.0K-936.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.121.170.260.12
Total Volume1,491.814175,4161,7045,416
Total OI49,966.76239,24757,37556,97143,600

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$162.17$160.0016.3%4.5%7.7%11.5%16.2%3.8%-0.6%4.5M-38.2M-992.0K0.2646.48N/AN/A1,34935534,48322,488
2023-06-02$164.69$160.0014.2%4.1%9.8%0.0%14.8%3.3%-0.1%10.7M-88.5M-994.9K0.6239.57N/AN/A42926834,62822,155
2023-06-05$164.97$160.0014.0%4.2%9.7%0.0%14.2%3.2%0.1%9.0M-101.9M-972.2K0.7167.38N/AN/A73151832,99621,467
2023-06-06$162.86$160.0013.5%4.0%10.2%0.0%14.7%3.5%0.5%4.2M-50.9M-932.0K0.7655.00N/AN/A38929533,13621,663
2023-06-07$161.73$160.0015.3%4.5%10.2%10.7%15.2%3.4%-0.1%2.2M-30.8M-907.4K0.4034.85N/AN/A72629133,22121,690
2023-06-08$162.63$160.0013.2%3.9%10.2%0.0%14.4%3.3%0.5%3.8M-45.5M-904.1K0.7840.19N/AN/A23418333,77621,735
2023-06-09$162.89$160.0013.0%3.9%10.3%0.0%13.9%3.3%0.6%4.1M-52.7M-887.8K0.7536.89N/AN/A59144433,85921,776
2023-06-12$163.12$160.0013.2%3.9%10.3%1.0%14.2%3.8%0.4%4.8M-50.6M-856.7K0.4444.86N/AN/A58525733,72021,304
2023-06-13$162.19$160.0014.5%4.3%10.4%8.3%15.5%3.5%0.4%2.5M-38.4M-846.2K1.1746.93N/AN/A56365933,98621,311
2023-06-14$162.37$160.0015.1%4.4%10.4%11.9%13.9%3.3%0.6%4.2M-45.2M-867.5K0.1473.65N/AN/A1,87027134,18721,505
2023-06-15$164.41$160.0013.7%4.1%11.2%3.7%14.4%3.2%0.4%10.9M-88.5M-881.1K0.8862.60N/AN/A95083534,90521,677
2023-06-16$164.92$160.0013.2%3.9%10.8%0.9%13.4%2.8%0.4%46.8M-102.2M-872.8K0.2949.18N/AN/A1,53444735,21922,156
2023-06-20$165.14$160.0014.0%4.0%10.7%5.7%14.2%3.0%1.4%3.6M-56.6M-849.4K0.6761.03N/AN/A1,24784123,78615,461
2023-06-21$165.52$160.0013.5%3.9%10.5%2.9%12.5%3.1%1.8%5.0M-65.4M-859.5K0.1466.11N/AN/A2,10030024,70515,978
2023-06-22$166.59$160.0013.5%3.7%10.1%2.5%13.7%3.0%1.9%10.2M-92.6M-891.5K0.6163.49N/AN/A70342726,25716,146
2023-06-23$165.50$160.0014.2%3.9%10.4%6.6%13.1%2.9%1.2%7.0M-75.0M-889.0K0.4866.28N/AN/A98046726,62016,367
2023-06-26$166.66$160.0015.2%3.7%10.5%12.2%13.1%4.3%0.5%8.6M-87.1M-890.7K0.2465.21N/AN/A91721726,25716,137
2023-06-27$168.79$160.0014.8%3.4%11.0%10.2%12.1%3.5%-0.2%15.1M-128.2M-880.4K0.4973.80N/AN/A83740726,43916,193
2023-06-28$167.06$160.0017.1%3.7%11.8%22.7%12.7%3.8%-0.4%9.9M-99.4M-863.7K0.3458.97N/AN/A62121026,59616,417
2023-06-29$169.43$160.0015.3%3.5%12.6%12.7%12.1%4.9%-2.4%18.2M-140.2M-871.3K0.5344.19N/AN/A56529926,82216,478
2023-06-30$173.60$160.0014.7%3.6%14.8%9.6%12.2%3.1%-0.4%23.3M-218.6M-936.4K0.1225.28N/AN/A4,85755926,91616,684