WM Options History — May 2024

In May 2024, WM traded between $204.69 and $211.94. ATM implied volatility averaged 13.8%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 2.4% (HV 20d: 11.4%). Max pain ranged from $190.00 to $210.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.35.

Notable Days

  • 2024-05-20: Highest Volume — 15,993 contracts
  • 2024-05-20: Largest IV spike — 15.9% change
  • 2024-05-29: Highest IV Rank — 37.7%
  • 2024-05-01: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$209.02$204.69$211.94$207.76$209.00
Max Pain$195.57$190.00$210.00$210.00$200.00
ATM IV13.8%12.0%15.8%14.6%14.5%
Expected Move4.0%3.6%4.5%4.5%4.0%
HV 20d11.4%10.5%12.3%12.3%11.9%
HV 60d11.5%9.8%15.1%14.9%10.6%
IV Rank21.0%6.1%37.7%27.7%26.5%
IV Percentile32.3%5.2%61.1%44.4%49.2%
Term Structure-0.0%-1.0%2.0%-0.1%-0.0%
VWIV14.0%12.7%16.4%15.6%14.4%
Skew 25d1.2%-0.0%3.6%2.0%0.9%
Skew 10d3.1%0.7%7.2%2.7%3.4%
Call IV 25d13.4%11.9%15.1%14.5%14.8%
Put IV 25d14.7%13.4%16.6%16.6%15.7%
Bid-Ask Spread %75.2967.9787.4878.4273.80
Gamma HHI0.250.140.390.180.19
Net GEX14.8M2.4M29.3M9.4M16.7M
Net DEX-150.8M-197.0M-61.9M-130.0M-170.6M
Net VEX-847.7K-945.0K-761.4K-905.1K-844.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.081.340.140.31
Total Volume3,416.6821,04315,9932,1832,089
Total OI39,501.22731,68842,48438,29041,546

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$207.76$210.0014.6%4.5%12.3%27.7%15.6%2.0%-0.1%9.4M-130.0M-905.1K0.1478.42N/AN/A1,91926423,50714,783
2024-05-02$207.00$210.0015.3%4.3%10.8%33.6%16.4%1.0%-0.1%7.1M-118.5M-913.1K0.3868.56N/AN/A1,35551523,71614,813
2024-05-03$208.02$207.5014.4%4.4%10.9%26.2%15.8%1.2%0.4%8.4M-144.1M-913.5K0.0873.38N/AN/A6,14252024,18815,266
2024-05-06$210.13$190.0014.4%4.1%11.5%26.3%14.4%0.5%-0.2%20.4M-183.8M-907.5K0.0874.60N/AN/A3,99431525,47914,923
2024-05-07$210.51$190.0013.6%3.9%11.4%19.1%13.9%1.5%0.2%24.3M-188.6M-885.2K0.0867.97N/AN/A3,81732226,00415,066
2024-05-08$210.46$190.0013.0%3.8%11.2%14.8%13.5%1.4%-0.2%19.5M-176.8M-848.1K0.1572.94N/AN/A1,42921824,30915,163
2024-05-09$210.15$190.0012.8%3.7%10.8%12.6%13.0%1.3%0.1%18.1M-167.7M-859.7K0.8668.55N/AN/A56148224,58615,286
2024-05-10$211.71$190.0013.1%3.6%10.8%15.2%12.7%1.3%0.2%25.4M-197.0M-806.4K0.5469.32N/AN/A73639824,36815,403
2024-05-13$210.51$190.0013.0%3.8%11.1%14.7%13.2%1.3%0.1%17.0M-164.6M-797.8K0.2275.25N/AN/A1,21226323,59214,697
2024-05-14$209.48$190.0013.0%3.8%11.3%14.8%13.2%3.6%0.1%12.5M-149.5M-771.7K0.2976.92N/AN/A1,13532823,68314,840
2024-05-15$209.20$190.0012.8%3.6%11.3%13.3%13.1%1.8%-0.1%7.2M-138.6M-772.3K0.3578.53N/AN/A92532623,51515,002
2024-05-16$211.94$190.0012.0%3.7%11.8%6.1%13.0%0.8%2.0%20.3M-187.7M-770.9K0.2484.55N/AN/A2,45960023,60315,062
2024-05-17$210.23$190.0013.2%3.8%12.0%16.3%13.0%1.1%0.2%11.5M-159.9M-761.4K0.1887.48N/AN/A2,90852523,36815,234
2024-05-20$208.43$190.0015.3%4.4%12.3%33.4%15.0%1.1%-1.0%6.5M-123.4M-810.9K0.2676.04N/AN/A12,6873,30619,09812,590
2024-05-21$208.49$190.0013.9%4.0%12.2%22.2%14.1%0.8%-0.5%18.1M-151.4M-914.7K0.4272.31N/AN/A2,3801,00126,25214,925
2024-05-22$210.04$195.0013.3%3.8%12.2%17.3%13.5%0.7%0.3%24.6M-195.2M-945.0K0.2273.48N/AN/A2,94865527,03915,445
2024-05-23$209.36$200.0013.3%3.8%11.8%17.0%13.2%1.4%-0.0%29.3M-168.7M-912.6K0.3678.81N/AN/A1,37249026,88315,451
2024-05-24$208.71$200.0013.2%3.8%11.2%15.8%13.4%1.2%0.0%20.5M-145.5M-891.9K0.2575.24N/AN/A3,14977726,40415,301
2024-05-28$206.60$200.0013.8%3.9%11.3%21.0%13.6%1.2%0.1%3.8M-97.4M-802.2K1.3476.15N/AN/A1,3441,80524,32314,647
2024-05-29$204.69$200.0015.8%4.1%10.5%37.7%14.2%-0.0%-1.0%2.4M-61.9M-777.1K0.8078.52N/AN/A91973324,65515,139
2024-05-30$206.00$200.0014.8%4.4%10.7%29.6%15.3%0.9%-1.0%3.5M-95.9M-836.5K0.2375.48N/AN/A4,7451,09925,00114,872
2024-05-31$209.00$200.0014.5%4.0%11.9%26.5%14.4%0.9%-0.0%16.7M-170.6M-844.7K0.3173.80N/AN/A1,59549426,93914,607