WM Options History — June 2025

In June 2025, WM traded between $226.57 and $241.46. ATM implied volatility averaged 17.3%, 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 2.9% (HV 20d: 14.3%). Max pain ranged from $220.00 to $230.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2025-06-24: Highest Volume — 4,066 contracts
  • 2025-06-09: Largest IV spike — 22.6% change
  • 2025-06-23: Highest IV Rank — 19.5%
  • 2025-06-23: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$234.29$226.57$241.46$241.46$228.55
Max Pain$229.00$220.00$230.00$220.00$230.00
ATM IV17.3%14.5%20.3%15.8%15.3%
Expected Move5.0%4.2%5.8%4.5%4.4%
HV 20d14.3%10.6%19.2%18.5%13.0%
HV 60d21.8%21.5%22.2%22.1%22.0%
IV Rank12.9%6.8%19.5%9.6%8.4%
IV Percentile40.7%2.8%74.2%23.0%10.3%
Term Structure2.0%0.6%4.7%0.7%4.2%
VWIV17.4%15.6%20.6%15.7%15.8%
Skew 25d3.1%1.6%4.0%3.0%1.6%
Skew 10d6.7%3.6%10.8%3.6%4.7%
Call IV 25d16.0%14.4%18.0%14.4%15.4%
Put IV 25d19.1%17.0%21.6%17.4%17.1%
Bid-Ask Spread %85.9080.7189.7385.6687.35
Gamma HHI0.230.150.320.260.16
Net GEX7.7M-1.8M13.3M13.3M126.7K
Net DEX-150.2M-265.7M-47.0M-265.7M-76.2M
Net VEX-1.3M-1.4M-1.3M-1.3M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.082.621.060.38
Total Volume1,5254814,0661,761932
Total OI39,542.2532,50441,05839,36041,058

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-06-02$241.46$220.0015.8%4.5%18.5%9.6%15.7%3.0%0.7%13.3M-265.7M-1.3M1.0685.66N/AN/A85690523,59415,766
2025-06-03$240.26$220.0015.6%4.5%18.6%9.1%16.6%2.8%0.6%12.5M-240.0M-1.4M0.8984.57N/AN/A1,01489923,48416,408
2025-06-04$239.25$230.0016.1%4.6%18.7%10.3%17.1%2.5%1.2%11.2M-228.8M-1.3M0.3084.07N/AN/A61018024,06116,664
2025-06-05$239.01$230.0016.4%4.8%18.7%11.0%16.8%3.6%2.0%11.5M-226.9M-1.4M0.0888.95N/AN/A2,66522624,29316,704
2025-06-06$236.31$230.0014.5%4.6%19.1%6.9%16.8%3.1%2.2%11.0M-170.8M-1.3M0.6081.18N/AN/A49229322,89816,675
2025-06-09$234.11$230.0017.8%5.1%19.2%14.1%16.7%3.4%1.8%9.2M-145.3M-1.3M0.6585.25N/AN/A61840023,03016,788
2025-06-10$233.80$230.0018.1%5.3%14.2%14.6%17.5%3.4%1.2%9.1M-143.1M-1.3M0.7380.71N/AN/A34325123,15216,858
2025-06-11$233.94$230.0018.9%5.4%13.9%16.3%17.7%3.8%1.1%9.3M-143.1M-1.3M0.4985.48N/AN/A38918923,25016,911
2025-06-12$236.78$230.0016.7%4.8%13.9%11.6%17.5%3.4%2.3%12.6M-181.3M-1.3M0.4283.97N/AN/A39916923,42616,955
2025-06-13$235.98$230.0017.7%5.1%11.3%13.8%17.7%3.7%1.7%11.5M-170.5M-1.3M0.4385.99N/AN/A91739723,51816,999
2025-06-16$234.60$230.0019.4%5.6%11.5%17.5%18.4%3.7%1.6%9.8M-148.5M-1.3M0.3984.90N/AN/A34613523,69017,041
2025-06-17$234.47$230.0020.1%5.8%10.8%19.1%19.2%4.0%1.0%9.2M-149.2M-1.3M0.2687.74N/AN/A1,11128823,67117,054
2025-06-18$233.58$230.0019.7%5.7%10.6%18.2%18.4%3.6%1.7%8.0M-138.5M-1.3M0.2586.01N/AN/A43211023,70517,175
2025-06-20$231.45$230.0019.0%5.4%11.0%16.5%19.0%3.2%1.1%5.5M-131.4M-1.3M0.9187.80N/AN/A81273523,88817,136
2025-06-23$234.03$230.0020.3%5.8%11.8%19.5%20.6%3.3%1.4%6.7M-131.5M-1.3M2.6285.51N/AN/A7631,99920,18912,315
2025-06-24$234.68$230.0018.6%5.3%10.7%15.7%17.3%3.9%1.4%5.8M-130.9M-1.3M0.8785.57N/AN/A2,1791,88720,54814,056
2025-06-25$229.21$230.0015.7%4.5%13.4%9.5%16.4%2.2%3.8%230.9K-73.4M-1.3M0.4887.89N/AN/A2,6341,26221,39615,841
2025-06-26$226.57$230.0015.5%4.5%13.8%9.1%16.2%2.0%3.6%-1.8M-47.0M-1.3M0.4089.66N/AN/A1,21248723,14316,837
2025-06-27$227.69$230.0014.5%4.2%14.0%6.8%15.6%2.4%4.7%-817.8K-62.4M-1.3M0.4389.73N/AN/A67628823,79016,878
2025-06-30$228.55$230.0015.3%4.4%13.0%8.4%15.8%1.6%4.2%126.7K-76.2M-1.3M0.3887.35N/AN/A67525724,10716,951