WM Options History — September 2024

In September 2024, WM traded between $201.95 and $208.96. ATM implied volatility averaged 18.5%, placing in the 59.4% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 5.7% (HV 20d: 12.8%). Max pain ranged from $205.00 to $210.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.71.

Notable Days

  • 2024-09-18: Highest Volume — 8,473 contracts
  • 2024-09-30: Largest IV spike — 20.6% change
  • 2024-09-24: Highest IV Rank — 90.9%
  • 2024-09-17: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$206.63$201.95$208.96$208.57$207.03
Max Pain$209.50$205.00$210.00$205.00$210.00
ATM IV18.5%15.7%22.4%15.7%22.2%
Expected Move4.9%4.5%5.4%4.9%4.6%
HV 20d12.8%9.8%15.4%12.6%15.4%
HV 60d23.1%22.8%23.4%22.9%23.1%
IV Rank59.4%36.4%90.9%36.4%89.3%
IV Percentile74.3%58.3%98.4%58.3%97.2%
Term Structure1.3%-1.1%4.8%-0.0%-0.1%
VWIV17.3%15.6%20.1%16.5%17.2%
Skew 25d2.8%1.9%4.3%3.6%3.6%
Skew 10d6.0%3.4%10.3%6.6%8.4%
Call IV 25d17.2%14.3%22.2%14.3%21.8%
Put IV 25d20.0%17.2%25.3%17.9%25.3%
Bid-Ask Spread %75.5068.8882.2575.1274.44
Gamma HHI0.210.130.750.130.14
Net GEX-4.3M-54.8M9.5M5.4M431.9K
Net DEX-34.9M-66.1M16.4M-64.4M-48.6M
Net VEX-703.4K-747.9K-649.7K-709.2K-665.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.710.326.640.570.99
Total Volume2,621.456098,4731,5791,133
Total OI33,062.326,54339,48026,54332,345

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-09-03$208.57$205.0015.7%4.9%12.6%36.4%16.5%3.6%-0.0%5.4M-64.4M-709.2K0.5775.12N/AN/A1,00357614,94811,595
2024-09-04$208.96$205.0016.6%4.7%9.8%43.5%16.6%2.3%0.2%6.1M-66.1M-718.2K1.4974.41N/AN/A7131,06015,33611,920
2024-09-05$208.19$210.0016.5%4.8%9.9%43.3%16.8%2.6%0.1%5.2M-56.3M-747.9K2.5578.64N/AN/A5741,46315,46812,676
2024-09-06$205.25$210.0018.6%5.1%11.1%59.9%17.5%4.3%0.2%-54.8M-20.1M-743.8K5.5772.37N/AN/A9185,11515,62614,305
2024-09-09$207.93$210.0017.3%5.0%11.9%49.3%18.5%3.8%0.7%1.1M-44.7M-737.6K5.4276.43N/AN/A7624,13015,04814,736
2024-09-10$207.98$210.0017.3%5.1%11.1%49.8%18.2%2.6%0.8%-3.2M-36.3M-740.5K0.6876.90N/AN/A78953715,11818,188
2024-09-11$207.32$210.0018.1%4.9%11.1%56.4%18.3%2.5%-1.1%-3.4M-33.8M-742.4K1.0874.07N/AN/A68373715,33818,365
2024-09-12$208.06$210.0017.2%5.0%10.5%49.0%16.9%3.0%0.2%1.2M-38.5M-725.6K1.3577.74N/AN/A40354515,64018,800
2024-09-13$207.81$210.0016.8%4.8%10.4%45.2%16.8%2.7%0.2%9.5M-47.8M-711.9K1.1779.73N/AN/A66377615,45419,231
2024-09-16$208.69$210.0017.8%5.1%10.3%53.8%18.1%2.1%4.1%-883.5K-47.2M-705.7K0.8775.63N/AN/A4,3763,78914,78918,723
2024-09-17$203.35$210.0018.7%5.4%13.9%60.7%20.1%2.6%3.8%-10.0M5.6M-693.6K0.9678.33N/AN/A2,0291,94716,33617,110
2024-09-18$201.95$210.0018.7%5.4%13.9%60.7%20.1%3.0%4.5%-16.7M16.4M-664.6K6.6482.25N/AN/A1,1097,36416,76818,301
2024-09-19$204.48$210.0018.3%5.0%14.4%58.1%17.4%1.9%4.0%-9.0M-9.8M-715.0K1.2777.35N/AN/A8751,11516,99322,039
2024-09-20$204.53$210.0018.4%4.9%14.3%58.4%16.3%2.0%3.6%-6.4M-5.6M-703.6K0.7681.28N/AN/A83063017,16322,317
2024-09-23$206.92$210.0021.3%4.5%15.0%82.3%15.6%3.1%-0.8%-1.5M-41.4M-649.7K0.3271.63N/AN/A1,06833814,00619,352
2024-09-24$206.88$210.0022.4%4.5%15.0%90.9%16.8%2.8%-1.1%-1.1M-41.4M-681.7K0.8170.75N/AN/A66954014,33819,335
2024-09-25$207.83$210.0021.9%4.5%14.9%87.2%15.6%3.0%-0.9%1.0M-54.0M-658.8K0.7868.88N/AN/A34326614,67119,522
2024-09-26$205.47$210.0018.1%4.6%15.4%55.9%16.1%2.3%4.8%-2.3M-30.3M-678.0K0.5472.81N/AN/A78342214,75919,641
2024-09-27$205.48$210.0018.4%4.6%15.4%58.5%16.0%2.7%3.0%-5.8M-33.7M-673.9K0.4471.20N/AN/A94341315,06419,882
2024-09-30$207.03$210.0022.2%4.6%15.4%89.3%17.2%3.6%-0.1%431.9K-48.6M-665.4K0.9974.44N/AN/A56856514,63817,707