WM Options History — November 2024

In November 2024, WM traded between $213.84 and $229.20. ATM implied volatility averaged 16.4%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded below realized volatility by 5.1% (HV 20d: 21.5%). Max pain ranged from $210.00 to $220.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.51.

Notable Days

  • 2024-11-15: Highest Volume — 5,029 contracts
  • 2024-11-06: Largest IV drop — 22.3% change
  • 2024-11-04: Highest IV Rank — 22.6%
  • 2024-11-01: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$221.76$213.84$229.20$214.33$229.20
Max Pain$219.50$210.00$220.00$210.00$220.00
ATM IV16.4%14.6%21.6%19.4%14.8%
Expected Move4.6%4.2%5.6%5.6%4.2%
HV 20d21.5%15.5%23.9%23.1%15.5%
HV 60d17.4%16.6%18.2%16.7%18.1%
IV Rank11.4%7.4%22.6%17.7%7.8%
IV Percentile53.8%36.5%90.1%79.4%38.1%
Term Structure0.0%-1.4%0.6%-1.4%0.6%
VWIV16.1%14.9%18.7%18.7%14.9%
Skew 25d2.0%0.2%3.2%1.8%0.2%
Skew 10d4.4%2.0%6.7%3.7%2.0%
Call IV 25d15.3%14.3%17.7%17.7%15.4%
Put IV 25d17.3%15.5%19.9%19.4%15.5%
Bid-Ask Spread %82.3872.7390.5882.5890.58
Gamma HHI0.300.220.360.220.30
Net GEX8.0M3.1M11.5M3.1M11.1M
Net DEX-134.0M-201.3M-71.9M-77.0M-201.3M
Net VEX-703.7K-780.3K-624.5K-694.7K-767.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.081.350.660.39
Total Volume1,221.553095,0291,594309
Total OI29,101.827,01436,05436,05430,294

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-11-01$214.33$210.0019.4%5.6%23.1%17.7%18.7%1.8%-1.4%3.1M-77.0M-694.7K0.6682.58N/AN/A96263217,65518,399
2024-11-04$213.84$220.0021.6%5.3%22.1%22.6%17.6%3.2%-0.4%3.4M-71.9M-680.5K0.7072.73N/AN/A39828013,98213,032
2024-11-05$215.25$220.0019.6%4.8%21.2%18.2%17.4%2.7%0.1%4.2M-80.4M-682.5K0.3474.77N/AN/A49316914,11313,185
2024-11-06$218.25$220.0015.2%4.4%21.0%8.7%15.6%2.4%0.6%7.1M-103.7M-655.3K0.5578.65N/AN/A59032514,26013,233
2024-11-07$220.78$220.0015.7%4.4%21.2%9.8%16.1%2.6%0.2%8.4M-126.9M-626.9K0.3285.63N/AN/A54117314,38613,380
2024-11-08$224.16$220.0015.4%4.5%21.6%9.2%15.1%2.1%-0.2%9.3M-153.7M-624.5K0.3282.55N/AN/A1,61952014,61513,437
2024-11-11$224.06$220.0017.9%4.8%21.5%14.6%16.3%2.3%-0.6%8.0M-145.9M-629.6K1.3583.92N/AN/A46362514,24113,501
2024-11-12$225.01$220.0015.3%4.3%21.5%9.0%16.1%2.6%-0.2%8.1M-150.8M-625.6K0.0881.16N/AN/A1,58313114,30913,911
2024-11-13$226.03$220.0015.0%4.3%21.5%8.2%15.3%2.6%0.0%9.5M-164.0M-688.0K0.6983.70N/AN/A84257915,50113,929
2024-11-14$222.08$220.0016.4%4.7%22.6%11.3%16.4%2.5%-0.4%9.7M-138.7M-677.4K0.5780.43N/AN/A46526315,85614,174
2024-11-15$217.63$220.0016.8%4.8%23.9%12.0%17.2%2.6%-0.1%4.0M-90.4M-679.3K0.3081.35N/AN/A3,8711,15815,93914,267
2024-11-18$218.19$220.0015.4%4.4%23.7%9.0%15.6%2.1%0.4%6.9M-101.6M-745.8K0.9677.45N/AN/A47946216,26011,782
2024-11-19$219.19$220.0015.3%4.4%23.7%8.8%15.3%1.8%0.5%7.9M-108.6M-757.5K0.2083.66N/AN/A99220116,47511,922
2024-11-20$218.42$220.0016.1%4.6%23.8%10.7%16.6%1.7%0.4%7.4M-106.5M-749.6K0.5085.66N/AN/A44722416,67911,994
2024-11-21$222.02$220.0016.1%4.6%23.9%10.7%15.9%1.7%0.1%9.3M-134.8M-780.3K0.1484.53N/AN/A4075816,94612,127
2024-11-22$224.08$220.0016.1%4.6%23.4%10.6%15.5%1.3%0.2%10.3M-157.6M-766.6K0.4980.19N/AN/A1,03350717,00812,143
2024-11-25$225.82$220.0017.2%4.9%23.4%13.0%16.2%0.8%-0.1%10.5M-176.1M-736.6K0.7386.50N/AN/A33124117,06512,454
2024-11-26$228.34$220.0014.6%4.2%16.9%7.4%15.1%1.5%0.3%11.4M-193.5M-754.8K0.2185.63N/AN/A57412217,18312,567
2024-11-27$228.54$220.0014.8%4.3%15.5%7.9%15.5%0.8%0.3%11.5M-197.0M-751.5K0.7385.94N/AN/A78557717,25012,582
2024-11-29$229.20$220.0014.8%4.2%15.5%7.8%14.9%0.2%0.6%11.1M-201.3M-767.6K0.3990.58N/AN/A2228717,41412,880