WM Options History — August 2023

In August 2023, WM traded between $157.08 and $163.55. ATM implied volatility averaged 15.4%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded below realized volatility by 2.7% (HV 20d: 18.1%). Max pain ranged from $160.00 to $165.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 1.74.

Notable Days

  • 2023-08-18: Highest Volume — 5,818 contracts
  • 2023-08-03: Largest IV spike — 11.3% change
  • 2023-08-08: Highest IV Rank — 23.9%
  • 2023-08-03: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$159.66$157.08$163.55$162.32$157.08
Max Pain$160.87$160.00$165.00$165.00$160.00
ATM IV15.4%13.5%17.3%15.0%14.0%
Expected Move4.4%3.6%4.8%4.1%3.6%
HV 20d18.1%10.9%22.6%20.1%10.9%
HV 60d16.2%15.7%16.5%15.7%16.1%
IV Rank13.6%2.5%23.9%11.4%5.7%
IV Percentile12.7%2.0%24.2%9.1%6.0%
Term Structure0.1%-0.8%1.4%0.2%0.5%
VWIV15.2%12.1%17.9%13.9%12.6%
Skew 25d3.0%2.4%3.7%2.9%2.5%
Skew 10d6.5%5.3%8.1%6.9%5.3%
Call IV 25d14.2%12.7%15.3%12.9%12.7%
Put IV 25d17.2%15.2%18.6%15.8%15.2%
Bid-Ask Spread %51.6429.1673.6434.4634.58
Gamma HHI0.210.130.310.140.20
Net GEX-4.9M-11.3M1.8M-415.2K-11.3M
Net DEX24.7M-37.5M79.9M-14.4M79.9M
Net VEX-783.3K-831.1K-747.0K-785.0K-751.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.740.187.620.502.12
Total Volume1,940.5229805,8181,8441,820
Total OI41,099.30435,62547,38935,62547,389

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$162.32$165.0015.0%4.1%20.1%11.4%13.9%2.9%0.2%-415.2K-14.4M-785.0K0.5034.46N/AN/A1,23161321,64013,985
2023-08-02$163.55$165.0015.1%4.7%20.4%11.6%16.4%3.5%-0.1%1.8M-37.5M-812.3K1.0251.51N/AN/A78079422,24813,945
2023-08-03$161.14$165.0016.8%4.8%20.8%21.1%16.1%2.9%0.2%-939.9K-3.5M-792.2K1.5464.34N/AN/A9071,39322,64314,305
2023-08-04$160.44$165.0016.3%4.6%20.8%18.7%15.9%3.3%0.1%-2.0M8.1M-789.8K1.7457.10N/AN/A1,0431,81923,47514,933
2023-08-07$160.81$160.0016.3%4.6%20.7%18.2%15.9%2.8%0.0%-1.7M1.8M-812.3K1.5740.49N/AN/A56488423,22915,429
2023-08-08$160.13$160.0017.3%4.7%20.7%23.9%16.7%3.4%-0.8%-2.7M16.7M-802.6K1.3461.73N/AN/A54573323,46615,992
2023-08-09$161.83$160.0016.7%4.7%21.2%20.6%15.9%3.3%-0.2%-1.4M-11.0M-831.1K1.7241.33N/AN/A57598823,68016,294
2023-08-10$159.33$160.0016.3%4.5%21.7%18.1%15.8%2.9%-0.5%-4.9M33.1M-781.6K0.7869.67N/AN/A76759823,87316,596
2023-08-11$161.01$160.0016.4%4.6%22.2%18.9%17.9%3.7%-0.6%-3.1M7.4M-804.7K2.1961.54N/AN/A4671,02324,17816,869
2023-08-14$160.78$160.0015.8%4.5%22.2%15.8%14.8%3.1%-0.0%-3.8M9.8M-786.4K0.8473.64N/AN/A58749623,58316,590
2023-08-15$159.06$160.0015.7%4.5%22.3%14.9%16.5%3.3%0.1%-6.1M33.6M-757.4K1.1559.78N/AN/A72583523,93716,641
2023-08-16$160.25$160.0016.0%4.6%22.6%16.9%16.5%2.5%-0.1%-5.7M12.2M-795.0K1.0829.16N/AN/A87795124,56617,065
2023-08-17$158.97$160.0016.2%4.6%19.2%17.7%16.0%3.4%0.3%-8.6M40.5M-784.9K1.1443.12N/AN/A45852225,18917,693
2023-08-18$159.05$160.0015.5%4.5%18.9%14.1%14.5%3.6%0.0%-5.3M43.1M-765.8K1.1534.85N/AN/A2,7023,11625,41017,526
2023-08-21$159.22$160.0015.3%4.3%19.0%12.6%15.2%3.5%-0.3%-3.5M19.1M-769.5K0.1845.53N/AN/A87315923,09616,519
2023-08-22$158.09$160.0015.4%4.5%19.0%13.3%15.3%2.9%0.1%-4.3M35.0M-747.0K4.0951.51N/AN/A3441,40723,58016,626
2023-08-23$158.35$160.0014.9%4.4%12.7%10.6%16.7%2.8%0.1%-5.8M37.1M-775.7K7.6260.78N/AN/A2321,76723,74917,831
2023-08-24$157.77$160.0014.9%4.3%12.5%10.4%15.0%2.6%0.1%-8.1M53.6M-773.1K3.4753.83N/AN/A5181,79823,81919,368
2023-08-25$158.77$160.0014.1%3.9%12.8%5.8%13.8%2.6%0.4%-6.9M40.1M-789.5K0.5256.93N/AN/A85044624,01220,332
2023-08-28$157.96$160.0013.9%4.0%12.5%5.1%12.9%2.6%0.3%-8.6M53.3M-760.0K1.6034.81N/AN/A6751,08223,62719,646
2023-08-29$157.99$160.0013.5%3.8%12.2%2.5%13.7%2.8%0.2%-9.7M58.1M-755.1K2.3454.72N/AN/A7901,84723,89320,558
2023-08-30$158.23$160.0013.7%3.7%11.8%3.8%12.1%2.4%1.4%-10.2M51.4M-792.6K0.3072.29N/AN/A2,33170024,23922,020
2023-08-31$157.08$160.0014.0%3.6%10.9%5.7%12.6%2.5%0.5%-11.3M79.9M-751.6K2.1234.58N/AN/A5841,23625,00222,387