WM Options History — October 2023

In October 2023, WM traded between $151.19 and $163.82. ATM implied volatility averaged 20.9%, placing in the 50.7% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 5.3% (HV 20d: 15.6%). Max pain ranged from $155.00 to $160.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.87.

Notable Days

  • 2023-10-25: Highest Volume — 8,044 contracts
  • 2023-10-25: Largest IV drop — 20.1% change
  • 2023-10-20: Highest IV Rank — 70.0%
  • 2023-10-20: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$157.67$151.19$163.82$151.19$163.82
Max Pain$155.91$155.00$160.00$160.00$157.50
ATM IV20.9%15.4%23.5%21.9%15.4%
Expected Move5.9%4.4%6.8%5.5%4.4%
HV 20d15.6%11.2%24.0%11.2%23.5%
HV 60d14.8%12.1%16.6%14.8%16.6%
IV Rank50.7%24.7%70.0%51.4%24.7%
IV Percentile73.6%21.4%94.8%83.7%21.4%
Term Structure-0.5%-1.1%0.7%-0.8%0.1%
VWIV20.4%16.2%23.6%17.8%16.2%
Skew 25d3.8%2.6%4.5%3.8%2.6%
Skew 10d7.6%5.1%9.5%7.8%5.1%
Call IV 25d19.2%14.4%21.6%19.3%14.4%
Put IV 25d23.0%17.0%25.4%23.1%17.0%
Bid-Ask Spread %54.8020.8874.3074.3073.54
Gamma HHI0.200.110.330.290.21
Net GEX1.2M-14.6M16.1M-14.6M9.8M
Net DEX-18.0M-126.1M157.0M157.0M-96.6M
Net VEX-680.2K-748.0K-594.3K-686.5K-723.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.272.312.310.78
Total Volume2,328.1364658,0442,0981,885
Total OI45,970.95529,64856,91356,91336,804

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$151.19$160.0021.9%5.5%11.2%51.4%17.8%3.8%-0.8%-14.6M157.0M-686.5K2.3174.30N/AN/A6341,46429,25727,656
2023-10-03$152.58$160.0021.9%5.9%11.9%51.6%21.1%4.2%-0.5%-7.7M70.8M-738.0K0.7720.88N/AN/A2,4031,86029,58724,300
2023-10-04$154.13$160.0021.5%5.4%12.4%49.0%18.2%4.2%-0.5%-3.0M38.5M-748.0K1.3973.46N/AN/A45463230,17824,075
2023-10-05$154.93$155.0021.7%5.9%12.4%50.2%20.7%4.2%-0.6%-1.4M26.2M-742.7K0.6137.11N/AN/A30518530,18724,235
2023-10-06$155.42$155.0021.5%5.8%12.5%49.3%19.5%4.0%-0.6%-4.1M14.8M-729.6K0.7044.97N/AN/A51135930,23124,297
2023-10-09$157.08$155.0022.4%6.1%13.0%54.1%20.6%3.1%-0.7%-322.0K-15.9M-705.1K0.9661.35N/AN/A2,0321,95526,33022,932
2023-10-10$156.93$155.0022.2%6.1%12.4%52.9%21.5%3.7%-1.0%-1.9M-6.4M-686.3K1.2326.02N/AN/A28635325,61522,075
2023-10-11$156.69$155.0021.9%6.1%11.8%51.1%20.7%4.5%-0.7%-2.6M-973.0K-663.3K1.4045.72N/AN/A26436925,74422,152
2023-10-12$155.11$155.0021.6%6.1%12.2%49.9%20.4%4.2%-0.6%-6.8M30.3M-649.7K0.5445.89N/AN/A48726525,87222,290
2023-10-13$158.00$155.0022.3%6.2%14.1%53.3%21.7%4.1%-0.8%631.2K-30.5M-687.9K1.9146.07N/AN/A7691,46926,10822,410
2023-10-16$159.61$155.0021.3%6.1%14.5%52.6%21.6%3.9%-0.8%4.7M-56.8M-662.5K0.4374.18N/AN/A76733225,90022,029
2023-10-17$159.67$155.0021.3%6.1%14.5%53.2%21.2%3.8%-0.7%6.5M-62.7M-658.8K0.4274.13N/AN/A41517426,18722,221
2023-10-18$158.66$155.0022.0%6.3%14.6%60.6%21.8%3.9%-0.7%3.8M-40.7M-648.5K0.9673.85N/AN/A23722826,19422,263
2023-10-19$156.83$155.0023.3%6.7%14.2%69.0%22.5%4.0%-1.1%-6.4M-376.3K-629.7K0.7763.69N/AN/A45134626,20822,416
2023-10-20$156.45$155.0023.5%6.8%14.1%70.0%23.6%3.8%-1.1%573.0K-7.4M-614.6K0.4230.25N/AN/A74531026,25822,485
2023-10-23$156.29$155.0023.0%6.8%14.1%68.1%22.7%4.4%-0.1%2.6M-15.5M-606.9K0.9237.66N/AN/A1,2641,16117,70011,948
2023-10-24$154.98$155.0021.9%6.6%14.2%63.6%22.9%4.2%-0.3%1.4M-3.5M-594.3K0.4059.08N/AN/A5,3292,14918,43212,979
2023-10-25$163.76$155.0017.5%5.2%23.8%33.7%19.3%3.7%0.7%16.1M-126.1M-666.0K0.7065.58N/AN/A4,7203,32423,05314,875
2023-10-26$162.88$155.0016.7%5.2%24.0%28.7%18.6%3.2%0.0%15.0M-109.5M-684.7K0.2773.84N/AN/A3,9551,08424,46716,131
2023-10-27$160.99$155.0018.0%5.3%23.8%45.1%18.2%3.0%0.6%6.7M-76.9M-716.9K0.4641.46N/AN/A2,6051,20825,00216,294
2023-10-30$162.75$157.5016.3%5.0%23.6%32.5%17.3%3.7%-0.1%8.2M-84.1M-720.5K0.7062.51N/AN/A86760722,38813,596
2023-10-31$163.82$157.5015.4%4.4%23.5%24.7%16.2%2.6%0.1%9.8M-96.6M-723.5K0.7873.54N/AN/A1,05782822,81613,988