WM Options History — July 2024

In July 2024, WM traded between $196.64 and $223.33. ATM implied volatility averaged 18.7%, placing in the 60.8% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 0.3% (HV 20d: 18.4%). Max pain ranged from $200.00 to $210.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.35.

Notable Days

  • 2024-07-17: Highest Volume — 19,302 contracts
  • 2024-07-31: Largest IV drop — 14.3% change
  • 2024-07-19: Highest IV Rank — 78.4%
  • 2024-07-19: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$212.03$196.64$223.33$208.39$202.93
Max Pain$204.77$200.00$210.00$200.00$200.00
ATM IV18.7%15.3%20.8%17.1%15.3%
Expected Move5.2%3.8%6.1%4.3%4.3%
HV 20d18.4%12.8%33.9%20.6%33.3%
HV 60d16.9%14.7%23.2%14.8%23.2%
IV Rank60.8%33.3%78.4%48.3%33.3%
IV Percentile78.9%54.8%89.3%71.4%54.8%
Term Structure-0.6%-2.1%1.3%1.3%-0.7%
VWIV18.1%13.1%21.3%14.2%15.6%
Skew 25d1.8%0.0%3.3%2.9%0.9%
Skew 10d4.3%0.7%6.8%6.2%3.3%
Call IV 25d18.0%15.1%19.9%17.3%15.1%
Put IV 25d19.9%16.1%22.4%20.1%16.1%
Bid-Ask Spread %78.8771.8287.6773.5487.67
Gamma HHI0.240.130.440.220.32
Net GEX15.6M-3.1M42.7M12.1M17.4M
Net DEX-125.3M-310.9M60.2M-93.4M-67.5M
Net VEX-648.8K-734.1K-592.0K-637.4K-728.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.031.190.070.25
Total Volume5,438.45564319,3027,6171,760
Total OI29,297.27323,12135,73828,69529,389

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$208.39$200.0017.1%4.3%20.6%48.3%14.2%2.9%1.3%12.1M-93.4M-637.4K0.0773.54N/AN/A7,12449318,63310,062
2024-07-02$209.30$200.0018.3%3.9%14.3%57.4%13.8%2.0%-0.4%13.2M-100.0M-627.5K0.2371.82N/AN/A2,52757921,24510,212
2024-07-03$210.09$200.0018.3%3.8%13.9%57.7%13.1%1.8%-0.9%14.8M-111.0M-645.5K0.2577.49N/AN/A51412921,70910,436
2024-07-05$209.89$210.0018.5%5.0%13.9%59.7%18.0%2.1%-0.5%22.7M-106.7M-619.9K0.2778.02N/AN/A1,06828721,72510,456
2024-07-08$210.78$210.0018.8%5.1%13.5%61.4%18.5%1.9%-0.4%11.7M-113.1M-617.6K0.4578.09N/AN/A73232716,29210,161
2024-07-09$210.11$210.0019.4%5.2%13.0%66.4%18.2%1.9%-1.0%10.8M-105.1M-640.0K0.7079.68N/AN/A47733216,47910,365
2024-07-10$211.06$210.0019.6%5.3%12.9%68.6%19.2%0.0%-1.0%12.3M-114.6M-609.0K0.2481.00N/AN/A2,48359016,73410,524
2024-07-11$212.04$200.0019.1%5.3%13.0%64.6%18.5%1.3%-0.8%15.1M-131.0M-638.1K0.2182.21N/AN/A1,25526117,29010,920
2024-07-12$214.06$200.0018.6%5.3%12.8%60.0%18.2%2.8%-0.4%19.4M-156.7M-627.6K0.4383.48N/AN/A93740217,28511,058
2024-07-15$216.18$200.0018.9%5.3%13.0%62.7%18.8%1.9%-0.4%15.0M-165.8M-592.0K0.0881.31N/AN/A5,65546316,30410,683
2024-07-16$220.44$200.0019.2%5.5%13.6%65.4%19.1%1.9%-1.3%18.6M-230.0M-603.8K0.0582.09N/AN/A13,57774317,31210,937
2024-07-17$223.16$200.0020.6%5.9%13.7%76.8%20.2%1.5%-2.1%42.7M-310.9M-608.3K0.0381.05N/AN/A18,71858422,68911,177
2024-07-18$223.33$210.0020.4%5.9%13.8%75.3%20.4%2.0%-0.9%38.4M-293.4M-636.9K0.1478.93N/AN/A5,66480722,90411,655
2024-07-19$222.87$210.0020.8%6.1%13.9%78.4%20.7%2.5%-1.5%41.8M-280.5M-671.4K0.2881.78N/AN/A2,56872023,48212,256
2024-07-22$223.26$210.0020.2%6.1%13.9%73.0%21.0%1.7%-0.5%7.1M-148.2M-706.2K0.3575.54N/AN/A2,26278214,1169,005
2024-07-23$219.15$210.0019.2%5.9%14.9%64.9%21.2%3.0%-1.1%6.9M-118.1M-708.9K1.0173.76N/AN/A3,3913,41214,9939,660
2024-07-24$217.76$210.0019.8%6.1%15.1%69.9%21.3%1.3%-0.7%6.7M-106.0M-734.1K0.6873.73N/AN/A3,0302,04716,55011,299
2024-07-25$201.24$210.0017.7%5.3%32.2%52.7%18.3%3.3%-0.0%-3.1M60.2M-633.3K1.1975.75N/AN/A5,2496,23718,00212,814
2024-07-26$196.64$205.0016.4%4.7%33.0%42.7%15.8%1.7%0.3%-1.5M30.3M-622.6K0.6276.45N/AN/A3,6282,25220,49411,272
2024-07-29$200.34$200.0016.7%4.9%33.9%44.7%17.1%1.1%-0.9%4.0M-34.0M-658.3K0.1280.27N/AN/A10,4021,25915,9699,761
2024-07-30$201.55$200.0017.8%4.7%33.2%54.1%16.5%1.1%0.2%16.0M-60.4M-707.1K0.1881.48N/AN/A3,32859119,97610,255
2024-07-31$202.93$200.0015.3%4.3%33.3%33.3%15.6%0.9%-0.7%17.4M-67.5M-728.8K0.2587.67N/AN/A1,41234818,86410,525