WMT Options History — January 2025

In January 2025, WMT traded between $90.03 and $98.35. ATM implied volatility averaged 23.1%, placing in the 52.9% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 6.4% (HV 20d: 16.7%). Max pain ranged from $70.00 to $92.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.60.

Notable Days

2025-01-10: Highest Volume — 129,244 contracts
2025-01-21: Largest IV spike — 24.9% change
2025-01-31: Highest IV Rank — 81.4%
2025-01-31: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$93.34	$90.03	$98.35	$90.03	$97.81
Max Pain	$90.25	$70.00	$92.50	$70.00	$92.50
ATM IV	23.1%	18.2%	28.8%	19.1%	28.8%
Expected Move	7.6%	5.0%	8.9%	5.5%	8.9%
HV 20d	16.7%	14.1%	18.0%	18.0%	14.1%
HV 60d	17.3%	16.9%	17.8%	17.0%	17.5%
IV Rank	52.9%	28.8%	81.4%	33.3%	81.4%
IV Percentile	73.9%	50.4%	94.4%	59.9%	94.4%
Term Structure	1.3%	-1.7%	7.9%	0.3%	-1.3%
VWIV	26.7%	17.9%	31.3%	19.2%	31.3%
Skew 25d	1.4%	1.1%	1.9%	1.9%	1.4%
Skew 10d	4.1%	2.5%	12.6%	4.7%	2.8%
Call IV 25d	22.4%	17.3%	28.8%	18.6%	28.8%
Put IV 25d	23.9%	18.4%	30.3%	20.6%	30.3%
Bid-Ask Spread %	5.48	2.35	15.34	3.11	8.37
Gamma HHI	0.10	0.07	0.30	0.08	0.10
Net GEX	50.6M	2.2M	146.5M	2.2M	47.9M
Net DEX	-2.57B	-3.34B	-1.56B	-2.37B	-2.67B
Net VEX	-15.2M	-16.6M	-13.4M	-15.9M	-13.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.39	1.04	0.74	0.82
Total Volume	86,937.95	45,113	129,244	73,620	110,999
Total OI	1,681,283.95	1,379,423	1,945,213	1,869,474	1,473,498

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
2025-01-02	$90.03	$70.00	19.1%	5.5%	18.0%	33.3%	19.2%	1.9%	0.3%	2.2M	-2.37B	-15.9M	0.74	3.11	42,270	31,350	823,097	1,046,377
2025-01-03	$90.67	$70.00	18.2%	5.0%	17.8%	28.8%	17.9%	1.5%	0.4%	13.8M	-2.58B	-16.1M	0.39	4.07	50,313	19,698	830,848	1,056,678
2025-01-06	$91.40	$92.50	18.9%	7.2%	17.6%	32.2%	25.5%	1.2%	0.2%	33.7M	-2.81B	-16.1M	0.62	9.25	51,845	32,078	796,498	1,048,907
2025-01-07	$90.90	$92.50	19.4%	7.4%	17.5%	35.0%	25.8%	1.3%	0.3%	16.3M	-2.58B	-16.6M	0.85	3.11	24,395	20,718	808,890	1,062,200
2025-01-08	$91.66	$92.50	19.1%	7.4%	16.4%	33.2%	26.0%	1.3%	0.3%	48.1M	-2.91B	-16.1M	0.47	5.31	36,965	17,533	814,717	1,069,690
2025-01-10	$92.91	$92.50	20.2%	7.8%	16.7%	38.9%	28.1%	1.3%	0.1%	118.6M	-3.34B	-15.8M	0.48	8.07	87,366	41,878	824,299	1,070,158
2025-01-13	$91.50	$92.50	20.2%	7.8%	17.3%	38.6%	27.8%	1.2%	7.2%	45.1M	-2.79B	-16.3M	0.66	3.92	43,820	28,844	810,693	1,057,633
2025-01-14	$90.66	$92.50	20.2%	7.8%	17.3%	38.6%	27.1%	1.5%	7.1%	24.4M	-2.64B	-15.4M	0.52	2.35	33,331	17,258	815,780	1,071,923
2025-01-15	$91.50	$92.50	18.7%	7.3%	17.8%	31.4%	25.4%	1.4%	6.9%	47.6M	-2.92B	-14.8M	0.46	3.24	58,569	26,740	822,213	1,074,142
2025-01-16	$91.50	$92.50	19.9%	7.4%	17.6%	37.1%	26.6%	1.5%	7.3%	51.6M	-3.00B	-14.9M	1.04	3.49	43,867	45,524	848,385	1,078,398
2025-01-17	$92.02	$92.50	20.6%	7.3%	17.7%	40.8%	26.2%	1.1%	7.9%	146.5M	-3.17B	-14.9M	0.71	3.36	56,441	40,138	855,419	1,089,794
2025-01-21	$92.75	$92.50	25.8%	7.6%	17.6%	66.2%	26.6%	1.6%	-1.1%	24.1M	-1.56B	-15.6M	0.65	3.66	60,622	39,293	562,202	817,221
2025-01-22	$93.19	$92.50	26.8%	7.7%	17.6%	71.4%	27.2%	1.4%	-1.2%	30.0M	-1.68B	-15.0M	0.79	3.50	39,499	31,372	568,530	832,569
2025-01-23	$93.30	$92.50	27.1%	7.9%	17.1%	73.0%	27.4%	1.6%	-1.6%	38.9M	-1.79B	-14.1M	0.46	3.93	38,331	17,816	580,103	847,801
2025-01-24	$94.68	$92.50	26.8%	7.8%	15.2%	71.3%	27.4%	1.2%	-1.4%	49.6M	-2.03B	-15.5M	0.48	3.98	71,360	33,971	589,406	853,184
2025-01-27	$97.00	$92.50	26.9%	8.1%	15.7%	71.7%	28.6%	1.4%	-0.8%	57.4M	-2.58B	-13.6M	0.46	6.44	85,217	38,992	568,287	829,242
2025-01-28	$97.35	$92.50	28.0%	8.5%	15.7%	77.4%	29.8%	1.7%	-1.7%	58.2M	-2.60B	-14.4M	0.51	7.40	81,238	41,168	581,616	845,362
2025-01-29	$97.56	$92.50	28.3%	8.7%	14.9%	78.8%	30.1%	1.7%	-1.6%	53.8M	-2.52B	-14.4M	0.44	15.34	71,622	31,848	571,776	860,990
2025-01-30	$98.35	$92.50	28.3%	8.9%	14.2%	79.1%	30.8%	1.7%	-1.5%	104.0M	-2.78B	-14.3M	0.51	7.74	62,735	31,735	594,612	872,541
2025-01-31	$97.81	$92.50	28.8%	8.9%	14.1%	81.4%	31.3%	1.4%	-1.3%	47.9M	-2.67B	-13.4M	0.82	8.37	61,110	49,889	591,531	881,967