WMT Options History — May 2023

In May 2023, WMT traded between $48.75 and $51.05. ATM implied volatility averaged 19.5%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 10.0% (HV 20d: 9.6%). Max pain ranged from $48.33 to $48.33. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.76.

Notable Days

2023-05-18: Highest Volume — 592,251 contracts
2023-05-18: Largest IV drop — 28.2% change
2023-05-16: Highest IV Rank — 36.6%
2023-05-03: Largest Expected Move — 7.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.06	$48.75	$51.05	$50.57	$48.97
Max Pain	$48.33	$48.33	$48.33	$48.33	$48.33
ATM IV	19.5%	15.0%	23.2%	19.7%	16.3%
Expected Move	5.6%	4.3%	7.2%	6.4%	4.8%
HV 20d	9.6%	7.7%	11.0%	11.0%	10.2%
HV 60d	12.4%	11.4%	13.8%	13.8%	11.4%
IV Rank	20.2%	0.0%	36.6%	17.7%	7.8%
IV Percentile	27.4%	0.0%	54.0%	31.0%	1.6%
Term Structure	-0.8%	-1.8%	0.2%	-0.7%	-0.1%
VWIV	20.0%	15.4%	24.9%	24.3%	17.5%
Skew 25d	4.5%	3.4%	5.0%	4.0%	4.1%
Skew 10d	8.9%	6.4%	10.9%	7.9%	8.2%
Call IV 25d	17.6%	13.7%	21.0%	18.2%	14.6%
Put IV 25d	22.0%	17.2%	25.9%	22.2%	18.7%
Bid-Ask Spread %	1.78	1.24	2.61	2.06	1.84
Gamma HHI	0.12	0.09	0.19	0.11	0.09
Net GEX	35.7M	-7.3M	91.8M	39.6M	13.6M
Net DEX	-732.6M	-1.22B	-113.8M	-1.01B	-309.1M
Net VEX	-9.8M	-10.5M	-9.0M	-10.0M	-9.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.15	1.93	0.37	0.44
Total Volume	149,698.227	67,416	592,251	127,464	122,832
Total OI	1,618,700.455	1,486,923	1,912,977	1,515,924	1,518,504

Daily Data (22 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
2023-05-01	$50.57	$48.33	19.7%	6.4%	11.0%	17.7%	24.3%	4.0%	-0.7%	39.6M	-1.01B	-10.0M	0.37	2.06	93,324	34,140	756,846	759,078
2023-05-02	$50.34	$48.33	21.4%	7.0%	10.7%	27.0%	23.9%	4.4%	-0.8%	41.6M	-907.0M	-10.2M	0.54	1.90	61,596	33,561	808,212	771,447
2023-05-03	$50.18	$48.33	21.5%	7.2%	9.8%	27.6%	24.9%	4.6%	-0.9%	37.7M	-861.6M	-10.2M	0.15	2.61	150,333	21,969	828,669	775,332
2023-05-04	$50.15	$48.33	22.7%	6.2%	7.7%	34.0%	21.7%	5.0%	-0.7%	40.0M	-827.4M	-10.5M	1.01	1.77	39,729	40,248	828,993	779,778
2023-05-05	$50.52	$48.33	21.4%	6.1%	7.9%	26.7%	21.2%	4.7%	-1.1%	55.5M	-1.05B	-10.2M	1.93	2.10	41,439	80,166	836,319	792,528
2023-05-08	$50.91	$48.33	21.7%	5.7%	8.3%	28.5%	21.5%	4.8%	-1.5%	69.4M	-1.14B	-10.2M	0.38	1.66	83,625	31,461	802,734	785,184
2023-05-09	$51.04	$48.33	21.9%	5.8%	8.2%	29.6%	21.4%	5.0%	-1.5%	91.8M	-1.20B	-10.3M	0.67	1.51	40,344	27,072	826,695	801,777
2023-05-10	$50.87	$48.33	21.8%	5.8%	8.2%	29.3%	21.0%	5.0%	-1.7%	67.9M	-1.10B	-10.2M	0.59	1.41	53,748	31,839	824,058	810,567
2023-05-11	$51.00	$48.33	22.0%	5.9%	8.2%	30.0%	21.7%	4.9%	-1.6%	78.8M	-1.17B	-10.3M	0.88	1.24	46,551	41,100	834,327	821,883
2023-05-12	$51.05	$48.33	22.4%	6.1%	7.8%	32.5%	21.9%	4.8%	-1.8%	62.1M	-1.22B	-10.2M	0.83	1.50	64,458	53,733	837,393	835,443
2023-05-15	$50.61	$48.33	22.8%	6.5%	8.6%	34.5%	22.3%	4.9%	-1.8%	49.6M	-932.6M	-10.0M	1.26	1.77	61,932	78,132	808,224	792,219
2023-05-16	$50.01	$48.33	23.2%	6.6%	9.6%	36.6%	23.1%	4.9%	-1.1%	32.6M	-666.1M	-9.9M	1.09	2.18	85,125	92,766	832,077	818,061
2023-05-17	$49.91	$48.33	21.7%	6.2%	9.6%	28.7%	22.2%	3.9%	-1.0%	27.2M	-610.7M	-9.7M	0.89	1.87	205,428	182,367	861,858	851,916
2023-05-18	$50.52	$48.33	15.6%	4.5%	10.4%	0.0%	15.7%	3.4%	-0.9%	63.5M	-994.5M	-9.4M	0.54	1.58	385,005	207,246	936,693	917,841
2023-05-19	$50.00	$48.33	15.0%	4.3%	10.9%	0.0%	15.7%	3.5%	-0.3%	-5.5M	-628.2M	-9.5M	0.77	1.29	134,784	103,350	962,751	950,226
2023-05-22	$49.54	$48.33	15.3%	4.4%	10.8%	1.8%	15.4%	3.7%	0.1%	7.0M	-388.7M	-9.2M	0.65	1.56	80,964	52,944	751,404	735,519
2023-05-23	$49.47	$48.33	15.7%	4.6%	10.5%	4.1%	15.7%	3.9%	0.2%	9.7M	-396.3M	-9.3M	0.67	1.72	64,986	43,251	779,085	743,604
2023-05-24	$49.28	$48.33	17.0%	5.0%	10.5%	12.2%	17.7%	4.9%	0.1%	5.3M	-300.4M	-9.6M	0.92	1.80	35,928	32,895	795,348	763,143
2023-05-25	$48.87	$48.33	17.3%	5.1%	10.7%	14.3%	18.7%	4.6%	0.1%	-7.3M	-113.8M	-9.4M	0.67	2.00	51,489	34,401	805,059	765,882
2023-05-26	$48.83	$48.33	16.8%	4.9%	10.6%	11.0%	16.7%	4.5%	0.1%	6.6M	-126.0M	-9.3M	0.84	1.83	44,301	37,329	839,619	777,327
2023-05-30	$48.75	$48.33	16.8%	5.0%	10.0%	11.0%	16.8%	4.6%	-0.3%	-1.5M	-166.8M	-9.0M	0.53	1.88	55,770	29,700	753,249	734,538
2023-05-31	$48.97	$48.33	16.3%	4.8%	10.2%	7.8%	17.5%	4.1%	-0.1%	13.6M	-309.1M	-9.1M	0.44	1.84	85,371	37,461	774,297	744,207