WMT Options History — January 2023

In January 2023, WMT traded between $46.40 and $49.16. ATM implied volatility averaged 20.7%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 2.0% (HV 20d: 18.6%). Max pain ranged from $47.00 to $50.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.86.

Notable Days

2023-01-18: Highest Volume — 213,441 contracts
2023-01-23: Largest IV spike — 12.4% change
2023-01-30: Highest IV Rank — 51.5%
2023-01-05: Largest Expected Move — 5.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.76	$46.40	$49.16	$47.84	$47.75
Max Pain	$48.38	$47.00	$50.00	$47.00	$48.33
ATM IV	20.7%	16.7%	25.3%	19.8%	25.0%
Expected Move	5.3%	4.8%	5.6%	5.6%	5.4%
HV 20d	18.6%	15.8%	20.3%	16.1%	19.9%
HV 60d	21.1%	20.8%	21.6%	21.6%	21.4%
IV Rank	27.3%	6.8%	51.5%	22.7%	50.1%
IV Percentile	28.6%	1.2%	63.5%	23.4%	61.9%
Term Structure	0.9%	-1.7%	6.4%	0.2%	-1.3%
VWIV	18.6%	16.4%	20.3%	19.9%	19.4%
Skew 25d	3.9%	2.9%	4.9%	3.8%	4.7%
Skew 10d	7.6%	5.0%	9.8%	6.9%	9.1%
Call IV 25d	18.9%	15.3%	22.9%	18.4%	22.7%
Put IV 25d	22.8%	18.3%	27.8%	22.1%	27.4%
Bid-Ask Spread %	1.96	1.57	2.47	1.76	2.21
Gamma HHI	0.08	0.06	0.13	0.07	0.07
Net GEX	-2.6M	-58.2M	44.7M	-3.7M	13.0M
Net DEX	-190.1M	-975.5M	528.3M	-220.4M	-218.4M
Net VEX	-9.0M	-9.5M	-8.3M	-9.5M	-9.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.86	0.30	1.63	1.16	0.50
Total Volume	129,221.55	71,583	213,441	114,396	71,583
Total OI	1,831,727.85	1,442,229	2,133,459	1,888,215	1,585,332

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-01-03	$47.84	$47.00	19.8%	5.6%	16.1%	22.7%	19.9%	3.8%	0.2%	-3.7M	-220.4M	-9.5M	1.16	1.76	53,076	61,320	897,762	990,453
2023-01-04	$47.57	$47.33	19.4%	5.4%	15.8%	20.6%	19.2%	3.4%	0.2%	-13.6M	-62.3M	-9.5M	1.63	2.27	33,300	54,369	906,579	1,011,066
2023-01-05	$47.82	$50.00	19.7%	5.6%	15.8%	22.2%	19.2%	3.5%	0.1%	-6.3M	-200.5M	-9.5M	1.39	1.86	36,699	50,880	913,974	1,032,816
2023-01-06	$49.16	$50.00	18.2%	5.5%	18.9%	14.4%	19.4%	2.9%	0.3%	25.3M	-975.5M	-9.4M	1.05	1.99	88,092	92,331	922,167	1,044,597
2023-01-09	$48.36	$48.33	19.1%	5.6%	19.7%	19.4%	19.0%	3.5%	0.3%	240.9K	-428.4M	-9.4M	0.77	1.57	71,853	55,122	898,173	1,024,227
2023-01-10	$48.21	$48.33	18.6%	5.4%	18.4%	16.5%	19.1%	3.2%	0.2%	-2.5M	-348.4M	-9.3M	0.97	1.67	43,638	42,294	923,439	1,036,245
2023-01-11	$48.56	$48.33	18.3%	5.4%	17.6%	14.8%	18.7%	3.4%	0.5%	14.4M	-564.2M	-9.2M	0.30	1.91	100,659	30,564	938,877	1,049,082
2023-01-12	$48.19	$48.33	17.8%	5.1%	17.8%	12.3%	17.6%	3.3%	0.1%	1.4M	-333.7M	-9.0M	0.49	1.93	81,747	40,023	948,780	1,058,934
2023-01-13	$48.47	$48.33	16.7%	4.8%	17.9%	6.8%	16.4%	3.0%	0.1%	24.8M	-504.0M	-8.8M	0.52	1.93	103,437	54,240	982,314	1,063,959
2023-01-17	$48.11	$48.33	17.5%	5.0%	17.6%	11.0%	18.8%	3.8%	6.4%	1.7M	-283.3M	-8.5M	1.19	1.78	52,071	61,845	959,832	1,041,705
2023-01-18	$46.88	$48.33	19.1%	5.5%	19.5%	18.9%	18.5%	4.0%	5.2%	-47.5M	381.2M	-8.5M	1.16	1.79	98,781	114,660	975,912	1,069,362
2023-01-19	$46.40	$48.33	19.8%	5.3%	19.7%	22.8%	20.3%	3.8%	6.2%	-58.2M	528.3M	-8.3M	1.35	1.80	85,113	114,798	1,009,182	1,077,531
2023-01-20	$46.78	$48.33	19.6%	5.0%	19.5%	22.0%	16.9%	3.8%	6.1%	-40.8M	196.3M	-8.4M	0.84	1.70	106,488	89,742	1,031,616	1,101,843
2023-01-23	$47.53	$48.33	22.1%	4.9%	20.3%	34.6%	17.7%	4.5%	-0.9%	-2.5M	-99.8M	-8.5M	0.62	2.07	80,175	49,473	667,500	774,729
2023-01-24	$47.60	$48.33	23.3%	5.0%	19.8%	40.9%	17.6%	4.7%	-1.1%	2.3M	-155.7M	-8.5M	0.40	2.33	100,605	40,620	689,526	791,652
2023-01-25	$47.35	$48.33	25.1%	5.4%	19.9%	50.3%	18.7%	4.8%	-1.1%	-2.0M	-53.5M	-8.8M	0.84	2.06	54,300	45,732	716,661	807,231
2023-01-26	$47.43	$48.33	24.6%	5.2%	19.9%	47.9%	17.9%	4.7%	-1.3%	2.2M	-87.3M	-8.9M	0.56	2.47	71,589	40,428	730,614	815,640
2023-01-27	$47.92	$48.33	24.2%	5.0%	19.1%	45.6%	18.1%	4.2%	-1.7%	44.7M	-356.8M	-9.1M	0.61	2.24	74,292	45,630	764,670	835,125
2023-01-30	$47.27	$48.33	25.3%	5.6%	19.6%	51.5%	19.2%	4.9%	-1.0%	-5.6M	-15.3M	-9.0M	0.89	1.83	49,089	43,773	734,502	810,948
2023-01-31	$47.75	$48.33	25.0%	5.4%	19.9%	50.1%	19.4%	4.7%	-1.3%	13.0M	-218.4M	-9.4M	0.50	2.21	47,643	23,940	755,895	829,437