WMT Options History — February 2025

In February 2025, WMT traded between $94.06 and $104.98. ATM implied volatility averaged 26.9%, placing in the 71.8% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 6.7% (HV 20d: 20.2%). Max pain ranged from $85.00 to $94.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.66.

Notable Days

2025-02-20: Highest Volume — 475,130 contracts
2025-02-20: Largest IV drop — 31.9% change
2025-02-19: Highest IV Rank — 90.1%
2025-02-05: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$100.33	$94.06	$104.98	$99.32	$98.34
Max Pain	$86.29	$85.00	$94.00	$92.50	$85.00
ATM IV	26.9%	20.8%	30.6%	29.5%	22.2%
Expected Move	7.8%	6.0%	10.1%	9.6%	6.5%
HV 20d	20.2%	12.7%	31.1%	14.5%	31.1%
HV 60d	19.4%	17.0%	22.6%	17.7%	22.3%
IV Rank	71.8%	41.9%	90.1%	85.0%	48.6%
IV Percentile	85.5%	62.7%	98.0%	96.0%	65.9%
Term Structure	-1.0%	-1.7%	1.0%	-1.5%	1.0%
VWIV	27.7%	21.4%	35.4%	33.9%	23.1%
Skew 25d	1.6%	0.9%	2.1%	2.1%	1.7%
Skew 10d	4.0%	1.2%	15.3%	4.1%	2.8%
Call IV 25d	26.3%	20.6%	30.2%	28.0%	21.9%
Put IV 25d	28.0%	22.0%	31.4%	30.2%	23.6%
Bid-Ask Spread %	14.88	3.45	28.61	16.30	21.38
Gamma HHI	0.08	0.06	0.11	0.09	0.08
Net GEX	49.3M	-24.0M	105.1M	52.8M	50.1M
Net DEX	-2.88B	-4.12B	-1.12B	-2.92B	-2.55B
Net VEX	-13.8M	-15.9M	-12.2M	-12.6M	-15.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.29	1.10	1.00	0.54
Total Volume	162,101.263	58,037	475,130	143,802	120,495
Total OI	1,603,966.263	1,452,462	1,836,832	1,452,462	1,691,039

Daily Data (19 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
2025-02-03	$99.32	$92.50	29.5%	9.6%	14.5%	85.0%	33.9%	2.1%	-1.5%	52.8M	-2.92B	-12.6M	1.00	16.30	72,031	71,771	574,311	878,151
2025-02-04	$100.63	$93.00	28.9%	9.6%	14.8%	81.9%	33.6%	1.7%	-1.4%	58.5M	-3.21B	-12.5M	0.74	3.48	58,606	43,195	583,533	908,146
2025-02-05	$102.19	$94.00	29.6%	10.1%	15.2%	85.4%	35.4%	1.8%	-1.5%	61.7M	-3.53B	-12.2M	0.60	3.45	76,575	46,243	587,910	923,180
2025-02-06	$102.47	$85.00	29.4%	7.9%	14.7%	84.2%	28.1%	1.7%	-1.7%	65.4M	-3.47B	-14.2M	0.47	11.69	74,333	35,185	610,879	940,022
2025-02-07	$101.53	$85.00	29.6%	8.0%	15.6%	85.4%	28.5%	1.6%	-1.5%	55.0M	-3.30B	-13.1M	1.10	25.46	48,318	53,035	615,622	950,706
2025-02-10	$102.52	$85.00	29.3%	7.8%	15.4%	83.7%	28.4%	1.9%	-1.3%	68.0M	-3.46B	-12.4M	0.86	9.96	34,095	29,335	604,264	913,638
2025-02-11	$102.20	$85.00	29.4%	8.1%	13.8%	84.3%	28.6%	2.0%	-0.8%	60.5M	-3.22B	-14.2M	0.74	15.69	33,375	24,662	611,607	926,747
2025-02-12	$103.31	$85.00	30.1%	8.2%	12.7%	88.0%	29.4%	1.6%	-1.6%	80.4M	-3.51B	-14.5M	0.79	8.57	62,138	49,362	623,344	937,200
2025-02-13	$104.98	$85.00	29.3%	8.0%	13.1%	84.0%	29.0%	1.5%	-1.5%	105.1M	-4.12B	-12.3M	0.71	10.65	64,761	45,903	632,327	959,336
2025-02-14	$104.05	$85.00	30.0%	8.3%	14.1%	87.2%	30.0%	1.4%	-1.7%	53.4M	-3.80B	-12.8M	0.29	8.69	157,470	45,441	637,444	970,257
2025-02-18	$103.56	$85.00	30.1%	8.6%	14.6%	87.8%	30.6%	0.9%	-1.1%	65.7M	-3.64B	-12.9M	0.72	9.46	81,392	58,900	653,315	939,373
2025-02-19	$103.59	$85.00	30.6%	8.8%	14.8%	90.1%	31.0%	1.0%	-1.6%	57.3M	-3.49B	-14.6M	0.72	17.13	117,428	84,482	678,652	966,763
2025-02-20	$97.52	$85.00	20.8%	6.0%	27.7%	41.9%	21.7%	1.0%	-0.5%	5.4M	-1.89B	-12.9M	0.73	23.83	274,208	200,922	729,679	996,179
2025-02-21	$94.88	$85.00	20.9%	6.0%	29.6%	42.4%	21.4%	2.1%	-0.5%	-24.0M	-1.12B	-14.1M	0.63	28.61	208,988	132,284	818,324	1,018,508
2025-02-24	$94.06	$85.00	21.3%	6.1%	29.3%	44.2%	21.4%	2.1%	-0.2%	-22.4M	-1.18B	-15.0M	0.57	18.13	123,946	70,234	711,730	899,987
2025-02-25	$97.40	$85.00	23.2%	6.6%	30.7%	53.7%	23.7%	1.4%	-0.5%	58.9M	-2.24B	-15.9M	0.32	20.48	159,946	50,726	745,414	897,505
2025-02-26	$96.60	$85.00	22.5%	6.6%	30.8%	49.9%	24.0%	2.0%	-0.2%	35.5M	-1.95B	-15.8M	0.48	20.22	108,590	52,445	746,642	910,686
2025-02-27	$97.05	$85.00	23.8%	7.0%	30.9%	56.6%	24.4%	1.6%	-0.3%	49.0M	-2.12B	-15.9M	0.48	9.56	73,763	35,341	757,609	925,330
2025-02-28	$98.34	$85.00	22.2%	6.5%	31.1%	48.6%	23.1%	1.7%	1.0%	50.1M	-2.55B	-15.2M	0.54	21.38	78,444	42,051	757,449	933,590