WMT Options History — March 2023

In March 2023, WMT traded between $45.56 and $49.04. ATM implied volatility averaged 19.3%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 4.6% (HV 20d: 14.7%). Max pain ranged from $46.67 to $47.67. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.69.

Notable Days

2023-03-31: Highest Volume — 275,847 contracts
2023-03-03: Largest IV drop — 7.6% change
2023-03-10: Highest IV Rank — 31.3%
2023-03-10: Largest Expected Move — 6.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.88	$45.56	$49.04	$46.68	$49.04
Max Pain	$46.77	$46.67	$47.67	$47.67	$46.67
ATM IV	19.3%	17.2%	21.4%	19.5%	17.5%
Expected Move	5.5%	4.8%	6.2%	5.7%	5.0%
HV 20d	14.7%	11.4%	18.3%	18.3%	12.5%
HV 60d	17.1%	16.7%	17.8%	17.8%	16.8%
IV Rank	20.0%	8.2%	31.3%	21.3%	8.2%
IV Percentile	20.9%	4.0%	36.5%	23.4%	4.0%
Term Structure	-0.1%	-1.2%	0.9%	0.6%	0.8%
VWIV	19.3%	16.6%	21.5%	20.2%	17.5%
Skew 25d	4.1%	3.4%	4.8%	3.9%	3.5%
Skew 10d	8.3%	6.7%	9.9%	8.4%	7.6%
Call IV 25d	17.5%	15.7%	20.1%	18.0%	15.9%
Put IV 25d	21.6%	19.2%	24.4%	21.8%	19.4%
Bid-Ask Spread %	2.11	1.65	3.23	1.91	2.12
Gamma HHI	0.10	0.06	0.24	0.08	0.24
Net GEX	32.9M	-74.1M	237.4M	-27.1M	237.4M
Net DEX	-161.3M	-1.77B	726.0M	298.1M	-1.77B
Net VEX	-9.6M	-10.5M	-8.9M	-9.4M	-10.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.69	0.41	1.19	0.55	0.67
Total Volume	171,406.043	87,789	275,847	143,805	275,847
Total OI	1,787,248.957	1,433,145	1,971,234	1,808,409	1,865,094

Daily Data (23 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
2023-03-01	$46.68	$47.67	19.5%	5.7%	18.3%	21.3%	20.2%	3.9%	0.6%	-27.1M	298.1M	-9.4M	0.55	1.91	93,009	50,796	905,151	903,258
2023-03-02	$46.83	$47.33	18.6%	5.4%	17.6%	16.6%	18.3%	3.7%	0.8%	-7.2M	162.4M	-9.3M	0.46	2.06	60,186	27,603	932,289	913,479
2023-03-03	$46.91	$47.33	17.2%	4.8%	17.2%	9.3%	16.6%	3.5%	0.9%	1.0M	114.7M	-9.2M	0.61	3.23	72,732	44,211	947,100	919,842
2023-03-06	$46.88	$46.67	17.4%	5.1%	16.2%	10.6%	17.7%	3.4%	-0.1%	-6.0M	96.5M	-8.9M	0.68	1.86	72,804	49,542	874,842	884,433
2023-03-07	$46.42	$46.67	18.7%	5.2%	16.5%	17.0%	17.8%	3.5%	-0.1%	-23.8M	318.9M	-9.0M	0.69	1.92	90,873	63,138	901,230	903,375
2023-03-08	$46.08	$46.67	19.4%	5.2%	16.6%	20.8%	19.1%	3.4%	-0.4%	-44.9M	491.0M	-9.0M	0.58	1.66	122,310	70,341	920,742	929,019
2023-03-09	$45.77	$46.67	20.4%	5.9%	16.8%	25.8%	18.9%	3.6%	-0.3%	-51.6M	630.2M	-9.2M	0.61	1.86	77,196	46,872	976,452	957,480
2023-03-10	$45.56	$46.67	21.4%	6.2%	16.3%	31.3%	20.8%	4.3%	-0.8%	-74.1M	726.0M	-9.2M	0.71	1.92	137,580	98,331	990,705	967,611
2023-03-13	$45.95	$46.67	21.1%	5.7%	15.8%	29.6%	21.0%	4.5%	-1.1%	-27.9M	456.2M	-9.2M	0.75	2.13	90,075	67,404	951,042	943,158
2023-03-14	$46.00	$46.67	20.3%	5.5%	14.3%	25.5%	20.3%	4.4%	-1.2%	-28.2M	445.6M	-8.9M	0.79	1.70	85,905	68,217	958,017	952,479
2023-03-15	$46.42	$46.67	20.9%	5.8%	15.0%	28.7%	21.5%	4.7%	-0.9%	7.5M	135.0M	-9.3M	0.41	2.76	184,578	76,080	982,605	966,789
2023-03-16	$46.21	$46.67	19.6%	5.4%	14.9%	21.7%	18.8%	4.6%	-0.7%	-4.4M	381.6M	-9.2M	0.80	1.65	76,131	60,570	977,307	993,927
2023-03-17	$46.29	$46.67	20.6%	5.8%	14.6%	27.2%	20.6%	4.8%	-0.8%	47.1M	225.0M	-9.3M	0.56	2.00	96,483	54,012	991,413	973,158
2023-03-20	$46.97	$46.67	20.0%	5.7%	15.1%	23.7%	20.7%	4.5%	-0.2%	40.1M	-389.2M	-9.4M	0.69	2.12	131,982	90,519	747,963	685,182
2023-03-21	$46.74	$46.67	18.8%	5.4%	14.5%	17.6%	19.2%	4.3%	-0.2%	42.6M	-302.7M	-9.8M	0.54	2.14	91,485	49,185	802,980	729,723
2023-03-22	$46.70	$46.67	18.7%	5.4%	12.1%	17.2%	20.4%	4.3%	-0.2%	49.0M	-298.6M	-10.0M	1.04	3.09	64,245	66,633	835,020	750,921
2023-03-23	$46.91	$46.67	19.7%	5.6%	11.4%	22.0%	20.0%	4.7%	-0.0%	55.1M	-413.3M	-10.2M	0.69	2.42	93,459	64,287	849,597	763,341
2023-03-24	$47.30	$46.67	19.5%	5.6%	11.8%	21.2%	19.4%	4.5%	-0.1%	121.5M	-704.1M	-10.4M	0.62	2.08	124,446	77,049	889,644	781,083
2023-03-27	$48.10	$46.67	18.6%	5.4%	12.9%	16.8%	19.0%	4.3%	0.5%	117.7M	-1.09B	-10.4M	0.63	1.86	152,010	96,003	882,105	755,025
2023-03-28	$47.83	$46.67	18.7%	5.4%	12.9%	17.1%	19.3%	4.4%	0.5%	98.3M	-863.5M	-10.4M	0.96	2.01	79,446	76,248	907,137	802,779
2023-03-29	$48.05	$46.67	18.5%	5.4%	11.7%	15.9%	18.7%	4.2%	0.5%	108.9M	-1.01B	-10.5M	1.19	1.93	58,884	70,023	923,832	826,485
2023-03-30	$48.48	$46.67	18.1%	5.2%	12.0%	13.8%	18.2%	3.9%	0.3%	126.5M	-1.35B	-10.5M	0.77	2.12	138,012	105,597	942,888	849,024
2023-03-31	$49.04	$46.67	17.5%	5.0%	12.5%	8.2%	17.5%	3.5%	0.8%	237.4M	-1.77B	-10.3M	0.67	2.12	165,261	110,586	970,050	895,044