WM Options History — December 2024

In December 2024, WM traded between $201.22 and $225.62. ATM implied volatility averaged 17.4%, placing in the 12.9% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 2.5% (HV 20d: 15.0%). Max pain ranged from $200.00 to $220.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.45.

Notable Days

  • 2024-12-23: Highest Volume — 3,267 contracts
  • 2024-12-20: Largest IV drop — 9.9% change
  • 2024-12-19: Highest IV Rank — 17.9%
  • 2024-12-19: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$212.33$201.22$225.62$225.24$201.22
Max Pain$202.86$200.00$220.00$220.00$200.00
ATM IV17.4%15.6%19.8%15.6%17.6%
Expected Move5.0%4.5%5.7%4.5%5.1%
HV 20d15.0%10.6%17.0%16.8%10.6%
HV 60d18.2%17.9%18.7%18.2%18.2%
IV Rank12.9%8.8%17.9%9.6%13.0%
IV Percentile59.5%42.9%80.6%46.8%57.5%
Term Structure1.9%-0.9%3.5%-0.7%3.4%
VWIV17.1%15.3%20.0%17.3%17.2%
Skew 25d1.7%0.7%2.5%1.3%1.6%
Skew 10d3.3%-6.7%5.6%3.4%3.1%
Call IV 25d16.7%14.4%19.8%15.8%17.1%
Put IV 25d18.4%16.6%21.6%17.2%18.7%
Bid-Ask Spread %78.4769.9187.7187.7171.20
Gamma HHI0.250.170.320.310.17
Net GEX5.9M1.7M11.4M10.9M1.7M
Net DEX-76.1M-175.5M-15.0M-163.7M-15.0M
Net VEX-748.9K-805.9K-676.9K-756.5K-676.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.081.121.030.36
Total Volume1,481.812703,2671,1741,288
Total OI33,80230,31636,94530,31636,023

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$225.24$220.0015.6%4.5%16.8%9.6%17.3%1.3%-0.7%10.9M-163.7M-756.5K1.0387.71N/AN/A57959517,41012,906
2024-12-03$225.62$220.0016.0%4.6%16.7%10.5%16.4%0.7%-0.9%11.4M-167.2M-758.5K0.6386.15N/AN/A62239317,56813,223
2024-12-04$225.49$220.0015.6%4.5%16.7%8.8%16.2%0.8%-0.8%11.4M-175.5M-751.0K0.5182.61N/AN/A1799117,93213,419
2024-12-05$224.38$200.0016.3%4.6%16.3%10.4%15.7%2.3%2.2%11.0M-157.1M-770.9K0.7683.12N/AN/A44233617,90413,444
2024-12-06$222.12$200.0016.2%4.5%16.3%10.1%15.3%2.1%2.6%10.5M-141.6M-768.4K0.2681.86N/AN/A61915817,87713,513
2024-12-09$217.64$200.0017.4%4.6%16.9%12.8%16.3%2.1%2.2%7.5M-99.4M-740.7K0.2481.18N/AN/A1,59738018,11613,573
2024-12-10$216.62$200.0017.2%4.6%16.9%12.2%15.9%2.0%2.4%7.5M-99.2M-763.5K0.2079.01N/AN/A56111419,03013,207
2024-12-11$214.47$200.0017.8%5.1%17.0%13.6%16.4%2.5%1.6%5.5M-77.1M-764.2K0.1381.41N/AN/A1,39018619,08813,209
2024-12-12$214.78$200.0018.1%5.2%16.9%14.2%17.0%2.1%1.7%5.8M-84.7M-782.4K0.0880.17N/AN/A1,58412419,46113,330
2024-12-13$213.55$200.0017.9%5.1%16.0%13.9%17.6%1.3%2.4%6.0M-82.8M-789.4K0.3477.04N/AN/A1,86564120,81413,336
2024-12-16$211.55$200.0018.5%5.3%14.7%15.1%17.9%2.1%1.9%4.7M-65.0M-805.9K0.7176.84N/AN/A1,05775122,31313,813
2024-12-17$208.75$200.0018.1%5.2%15.2%14.2%17.8%1.8%2.0%1.9M-37.5M-770.1K0.5276.15N/AN/A1,58782022,62613,922
2024-12-18$205.74$200.0019.5%5.6%15.6%17.4%19.5%0.9%1.0%1.9M-26.7M-780.7K0.3582.23N/AN/A2,12573722,33013,759
2024-12-19$205.84$200.0019.8%5.7%15.7%17.9%20.0%1.8%0.7%3.5M-26.1M-781.6K0.5669.91N/AN/A52329323,12613,819
2024-12-20$206.30$200.0017.8%5.1%14.1%13.6%17.9%2.1%3.1%4.9M-23.5M-757.0K0.4377.38N/AN/A1,07946523,11313,698
2024-12-23$203.80$200.0018.4%5.3%13.5%15.0%17.4%2.3%2.8%3.0M-22.7M-703.3K0.2772.24N/AN/A2,57369420,98712,451
2024-12-24$204.81$200.0017.2%4.9%13.2%12.3%16.0%1.6%3.4%4.4M-37.5M-712.3K0.3079.06N/AN/A45313521,80012,438
2024-12-26$205.01$200.0016.0%4.6%12.0%9.7%16.7%1.0%3.2%4.9M-42.4M-701.0K0.2770.15N/AN/A1,03927822,02512,449
2024-12-27$203.51$200.0017.4%5.0%11.8%12.8%17.8%2.0%3.5%3.7M-32.0M-693.0K1.1278.60N/AN/A49255222,56512,599
2024-12-30$202.50$200.0017.7%5.1%11.4%13.1%17.4%1.8%3.2%2.5M-20.9M-699.5K0.4873.82N/AN/A1,16655522,61513,011
2024-12-31$201.22$200.0017.6%5.1%10.6%13.0%17.2%1.6%3.4%1.7M-15.0M-676.9K0.3671.20N/AN/A95033822,93513,088