WM Options History — August 2024

In August 2024, WM traded between $200.92 and $211.22. ATM implied volatility averaged 16.1%, placing in the 39.6% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 13.7% (HV 20d: 29.7%). Max pain ranged from $200.00 to $205.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.45.

Notable Days

  • 2024-08-06: Highest Volume — 22,518 contracts
  • 2024-08-05: Largest IV spike — 22.1% change
  • 2024-08-05: Highest IV Rank — 82.4%
  • 2024-08-05: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$207.01$200.92$211.22$205.71$211.22
Max Pain$202.05$200.00$205.00$200.00$205.00
ATM IV16.1%13.9%21.3%16.2%14.6%
Expected Move4.5%3.9%6.0%4.8%4.1%
HV 20d29.7%16.6%36.6%33.6%16.6%
HV 60d24.2%22.8%24.7%23.3%22.8%
IV Rank39.6%21.7%82.4%40.7%27.5%
IV Percentile58.8%36.9%91.7%59.9%48.0%
Term Structure-0.1%-1.6%2.1%0.3%0.3%
VWIV16.1%13.9%20.5%16.9%14.0%
Skew 25d2.6%1.1%4.1%1.1%1.7%
Skew 10d7.1%4.0%14.3%4.2%6.5%
Call IV 25d15.3%13.3%19.5%16.4%13.7%
Put IV 25d17.9%15.4%23.3%17.5%15.4%
Bid-Ask Spread %77.3467.9289.1989.1974.77
Gamma HHI0.190.100.360.360.21
Net GEX8.5M1.4M18.8M18.8M11.9M
Net DEX-73.6M-117.1M-23.8M-109.8M-109.6M
Net VEX-748.0K-837.3K-701.5K-713.2K-712.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.030.990.510.34
Total Volume3,115.45578122,5185,9721,348
Total OI28,95524,81636,43729,32728,544

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-08-01$205.71$200.0016.2%4.8%33.6%40.7%16.9%1.1%0.3%18.8M-109.8M-713.2K0.5189.19N/AN/A3,9622,01018,62210,705
2024-08-02$207.28$200.0017.5%5.1%33.8%50.9%17.8%2.4%2.1%10.8M-117.1M-776.7K0.2987.44N/AN/A3,9971,16618,52811,914
2024-08-05$200.92$200.0021.3%6.0%35.4%82.4%20.5%3.8%-0.1%1.4M-23.8M-788.8K0.4176.79N/AN/A2,18890715,89911,753
2024-08-06$205.65$200.0019.3%5.1%36.6%65.9%18.9%4.1%-1.5%6.6M-66.7M-815.8K0.0377.56N/AN/A21,91160716,82612,119
2024-08-07$205.13$200.0018.9%5.2%36.5%62.9%18.7%3.6%-0.1%15.3M-70.2M-837.3K0.1077.28N/AN/A4,00141423,92412,513
2024-08-08$206.13$200.0017.8%4.8%36.5%53.9%18.3%3.7%0.7%12.4M-70.6M-823.3K0.2177.38N/AN/A1,65434322,31012,728
2024-08-09$205.35$200.0016.4%4.5%36.3%42.0%17.0%3.4%-1.1%6.6M-60.4M-792.3K0.6278.90N/AN/A65540921,95612,749
2024-08-12$203.12$200.0016.9%4.9%36.1%46.7%18.7%2.5%0.4%1.9M-34.6M-751.1K0.9979.83N/AN/A70970415,75712,268
2024-08-13$203.97$200.0016.9%4.8%35.3%46.3%15.7%1.4%-1.0%3.4M-42.1M-762.2K0.9279.07N/AN/A46442616,09312,421
2024-08-14$206.34$200.0015.9%4.2%35.2%38.3%16.9%2.0%-1.1%6.5M-63.9M-739.8K0.5280.32N/AN/A92147816,23712,607
2024-08-15$206.98$200.0015.1%4.1%35.3%31.5%14.9%2.6%-1.1%7.8M-71.4M-730.2K0.8483.51N/AN/A74862716,26612,818
2024-08-16$205.84$200.0014.5%4.0%35.3%26.6%14.6%2.1%-1.0%3.7M-60.7M-715.8K0.5782.30N/AN/A60834916,37612,893
2024-08-19$206.49$200.0013.9%3.9%35.3%21.7%13.9%1.8%1.5%3.6M-53.3M-701.5K0.3684.44N/AN/A79328913,47011,346
2024-08-20$207.66$205.0014.4%4.2%35.0%26.3%14.3%2.5%0.2%4.8M-64.6M-721.1K0.3272.01N/AN/A85827713,79611,571
2024-08-21$209.26$205.0014.2%4.1%35.2%24.1%15.1%2.6%0.6%6.7M-79.7M-726.6K0.2674.56N/AN/A1,16430714,14111,656
2024-08-22$209.55$205.0015.3%4.4%20.3%33.2%15.4%2.2%-1.6%7.0M-82.8M-717.4K0.0770.78N/AN/A6,44742814,46611,776
2024-08-23$209.70$205.0014.7%4.2%18.0%28.6%14.5%1.7%0.6%14.1M-90.9M-734.5K0.4367.92N/AN/A1,01944216,92911,850
2024-08-26$208.84$205.0015.0%4.2%17.2%30.9%15.0%2.3%0.0%8.2M-78.0M-729.7K0.6570.45N/AN/A1,05368915,22211,258
2024-08-27$210.01$205.0015.0%4.2%17.2%30.5%14.4%4.0%-0.1%13.6M-98.1M-720.7K0.5370.42N/AN/A1,02053716,42311,681
2024-08-28$209.44$205.0015.1%4.3%17.2%31.7%14.8%2.2%0.3%10.2M-85.0M-720.9K0.3471.19N/AN/A58219916,19512,051
2024-08-29$209.59$205.0014.8%4.2%16.6%29.3%14.7%3.8%0.0%12.2M-85.8M-724.4K0.5175.34N/AN/A55127916,21412,139
2024-08-30$211.22$205.0014.6%4.1%16.6%27.5%14.0%1.7%0.3%11.9M-109.6M-712.1K0.3474.77N/AN/A1,00334516,32112,223