WM Options History — April 2024

In April 2024, WM traded between $205.07 and $213.34. ATM implied volatility averaged 19.5%, placing in the 67.5% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 9.8% (HV 20d: 9.7%). Max pain ranged from $202.50 to $210.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.71.

Notable Days

  • 2024-04-29: Highest Volume — 7,467 contracts
  • 2024-04-25: Largest IV drop — 29.4% change
  • 2024-04-18: Highest IV Rank — 86.0%
  • 2024-04-18: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$208.20$205.07$213.34$213.34$208.46
Max Pain$208.98$202.50$210.00$202.50$210.00
ATM IV19.5%14.0%21.8%18.6%14.9%
Expected Move5.3%3.5%6.3%3.5%4.6%
HV 20d9.7%6.7%12.2%6.7%12.2%
HV 60d14.4%13.7%14.9%13.7%14.9%
IV Rank67.5%22.8%86.0%60.2%29.7%
IV Percentile82.2%36.9%95.6%84.1%46.0%
Term Structure-0.6%-2.1%2.2%-0.5%0.7%
VWIV18.5%11.5%22.4%12.4%16.1%
Skew 25d1.4%0.8%2.4%1.7%1.3%
Skew 10d3.7%1.8%5.9%3.3%2.6%
Call IV 25d19.1%13.4%21.8%18.0%14.9%
Put IV 25d20.5%14.6%23.3%19.7%16.2%
Bid-Ask Spread %71.9360.2885.4683.8577.31
Gamma HHI0.180.120.270.240.18
Net GEX2.3M-9.7M13.3M13.3M10.9M
Net DEX-147.2M-252.4M-113.5M-252.4M-140.6M
Net VEX-900.9K-966.3K-817.1K-933.1K-907.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.063.500.280.18
Total Volume2,904.3188597,4671,5432,668
Total OI42,697.63629,84749,04744,75036,938

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$213.34$202.5018.6%3.5%6.7%60.2%12.4%1.7%-0.5%13.3M-252.4M-933.1K0.2883.85N/AN/A1,20533822,64022,110
2024-04-02$210.94$202.5019.7%3.7%7.9%68.9%12.8%0.8%2.2%9.9M-205.1M-953.8K0.5282.95N/AN/A89647022,96822,268
2024-04-03$210.64$202.5019.1%3.7%7.8%64.5%11.5%1.4%-0.3%8.6M-194.3M-966.3K0.7485.46N/AN/A98172523,03222,517
2024-04-04$207.16$210.0020.8%5.5%9.7%78.5%19.4%1.3%-0.8%-812.0K-136.7M-957.5K0.6176.20N/AN/A2,6751,63723,08722,520
2024-04-05$206.77$210.0020.5%5.5%9.6%75.8%19.8%1.1%-0.8%-6.3M-127.1M-953.8K0.5570.29N/AN/A1,42978823,91723,001
2024-04-08$206.71$210.0020.5%5.5%9.4%75.6%19.3%1.4%-1.3%545.9K-128.1M-952.5K0.2769.88N/AN/A1,47940423,36122,111
2024-04-09$206.58$210.0020.9%5.4%9.3%79.3%19.3%1.3%-1.4%1.1M-136.8M-921.3K0.5272.55N/AN/A1,30668523,90522,212
2024-04-10$208.10$210.0020.5%5.6%9.5%75.4%20.2%1.3%-0.8%6.2M-167.0M-926.8K0.1872.75N/AN/A2,43643224,57222,517
2024-04-11$206.58$210.0020.6%5.6%9.7%76.6%19.5%1.3%-1.3%-2.1M-133.2M-924.2K0.4274.05N/AN/A1,02343424,36222,698
2024-04-12$205.49$210.0021.5%5.9%9.8%83.6%20.7%1.7%-1.6%-9.5M-114.7M-924.3K3.5071.16N/AN/A9363,27524,70022,778
2024-04-15$205.07$210.0021.7%6.1%9.8%85.7%21.4%1.5%-0.5%-5.9M-114.8M-888.4K0.5871.72N/AN/A1,16867823,48124,355
2024-04-16$205.50$210.0021.3%6.0%9.0%82.3%21.5%1.4%-0.7%-5.7M-118.8M-897.2K0.6572.86N/AN/A52233723,40925,056
2024-04-17$206.11$210.0021.5%6.2%9.1%83.8%22.4%1.6%-0.4%-4.5M-132.3M-864.5K1.3366.39N/AN/A73998523,43425,038
2024-04-18$205.08$210.0021.8%6.3%9.2%86.0%21.8%1.5%-0.3%-9.7M-117.6M-876.6K0.9966.85N/AN/A1,9061,88123,59425,322
2024-04-19$207.01$210.0021.0%6.1%9.9%80.0%21.4%1.2%-0.5%5.7M-164.3M-868.8K0.8468.63N/AN/A78465624,65024,397
2024-04-22$207.85$210.0020.3%6.1%10.1%74.1%20.9%1.3%-1.1%2.9M-113.5M-827.0K0.9660.51N/AN/A85281416,45713,390
2024-04-23$208.77$210.0020.0%6.1%10.3%72.0%21.1%1.4%-0.9%3.2M-118.9M-858.0K0.3760.28N/AN/A2,05975816,82914,003
2024-04-24$210.39$210.0020.0%6.2%10.6%71.9%21.4%2.4%-1.1%4.7M-141.5M-868.8K0.7562.85N/AN/A3,4612,60017,85914,456
2024-04-25$212.27$210.0014.1%3.9%10.9%23.9%13.9%1.2%-0.1%12.2M-175.7M-817.1K0.6276.62N/AN/A4,1542,59419,87816,081
2024-04-26$209.98$210.0014.0%4.1%11.4%22.8%14.1%1.5%0.0%8.4M-143.1M-843.8K0.6562.97N/AN/A1,9791,27920,26216,073
2024-04-29$211.65$210.0015.5%4.5%11.7%34.8%15.8%1.2%-2.1%8.1M-162.2M-889.0K0.0676.34N/AN/A7,05441318,80414,306
2024-04-30$208.46$210.0014.9%4.6%12.2%29.7%16.1%1.3%0.7%10.9M-140.6M-907.7K0.1877.31N/AN/A2,26939922,44114,497