WMT Options History — April 2025

In April 2025, WMT traded between $81.56 and $97.19. ATM implied volatility averaged 35.2%, placing in the 68.8% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 8.2% (HV 20d: 43.4%). Max pain ranged from $87.50 to $92.50. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.33.

Notable Days

2025-04-03: Highest Volume — 276,809 contracts
2025-04-10: Largest IV spike — 40.7% change
2025-04-04: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 14.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$91.58	$81.56	$97.19	$88.78	$97.19
Max Pain	$89.98	$87.50	$92.50	$87.50	$92.50
ATM IV	35.2%	24.1%	48.9%	24.3%	33.6%
Expected Move	10.9%	8.2%	14.4%	8.3%	11.4%
HV 20d	43.4%	31.2%	49.4%	33.5%	46.9%
HV 60d	34.7%	28.0%	38.0%	28.0%	37.7%
IV Rank	68.8%	48.1%	100.0%	59.0%	58.0%
IV Percentile	95.0%	72.2%	100.0%	73.4%	94.4%
Term Structure	-0.2%	-2.5%	5.5%	0.2%	-1.2%
VWIV	39.2%	29.1%	49.1%	29.1%	43.1%
Skew 25d	8.1%	2.8%	15.2%	2.9%	7.1%
Skew 10d	14.5%	-8.6%	32.2%	6.6%	0.8%
Call IV 25d	31.4%	22.9%	42.2%	23.4%	30.6%
Put IV 25d	39.4%	25.8%	57.3%	26.2%	37.8%
Bid-Ask Spread %	20.37	8.81	32.29	24.76	17.04
Gamma HHI	0.08	0.07	0.11	0.08	0.07
Net GEX	170.1K	-91.9M	60.1M	299.0K	25.1M
Net DEX	-1.11B	-2.49B	1.27B	-700.3M	-2.08B
Net VEX	-18.0M	-19.8M	-16.6M	-18.2M	-16.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.33	0.47	2.26	0.47	1.15
Total Volume	146,190.333	53,421	276,809	123,556	129,322
Total OI	1,696,692.524	1,580,720	1,871,449	1,654,331	1,628,903

Daily Data (21 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
2025-04-01	$88.78	$87.50	24.3%	8.3%	33.5%	59.0%	29.1%	2.9%	0.2%	299.0K	-700.3M	-18.2M	0.47	24.76	83,928	39,628	754,395	899,936
2025-04-02	$89.77	$87.50	24.1%	8.2%	33.7%	58.0%	29.2%	2.8%	-0.0%	15.5M	-1.23B	-16.6M	0.50	24.49	68,756	34,356	765,200	907,958
2025-04-03	$87.23	$87.50	30.8%	9.8%	34.6%	91.4%	33.7%	4.7%	-0.5%	-30.4M	-242.3M	-18.5M	1.59	19.19	107,079	169,730	774,056	923,844
2025-04-04	$84.17	$90.00	39.4%	11.7%	35.2%	100.0%	39.8%	10.4%	-0.9%	-91.9M	912.3M	-19.5M	1.98	24.40	77,357	152,938	790,467	969,516
2025-04-07	$83.61	$87.50	44.4%	13.5%	31.2%	100.0%	46.4%	11.1%	3.3%	-52.5M	775.9M	-19.8M	1.69	24.91	54,639	92,509	760,858	918,599
2025-04-08	$81.56	$87.50	48.9%	14.4%	32.2%	100.0%	49.1%	15.2%	1.5%	-62.4M	1.27B	-19.4M	2.26	16.28	50,101	113,113	761,046	928,694
2025-04-09	$89.71	$90.00	29.9%	9.7%	46.4%	48.1%	35.2%	7.8%	4.5%	4.4M	-1.02B	-17.7M	1.56	32.29	100,237	156,539	764,317	963,274
2025-04-10	$90.13	$90.00	42.1%	12.3%	46.1%	81.4%	45.0%	13.1%	1.3%	2.0M	-897.4M	-19.8M	1.56	31.52	95,837	149,663	778,330	987,288
2025-04-11	$92.87	$90.00	34.3%	10.9%	47.1%	59.9%	39.7%	8.4%	5.5%	41.5M	-1.88B	-18.3M	1.03	30.01	82,616	84,939	787,438	1,026,938
2025-04-14	$95.36	$90.00	34.0%	10.1%	46.6%	59.2%	38.8%	8.5%	-1.0%	60.1M	-2.49B	-17.1M	1.35	30.52	73,369	99,307	759,649	966,957
2025-04-15	$94.12	$90.00	33.2%	9.7%	45.9%	57.0%	35.8%	8.2%	-0.7%	45.7M	-2.01B	-17.7M	1.03	16.63	60,365	62,082	765,248	1,012,512
2025-04-16	$91.05	$90.00	38.3%	11.0%	47.8%	71.1%	38.4%	9.0%	-2.5%	-12.0M	-943.8M	-18.6M	1.66	12.74	51,525	85,537	772,340	1,036,413
2025-04-17	$93.41	$90.00	36.5%	10.5%	48.3%	66.0%	39.4%	8.8%	-1.6%	-6.9M	-1.67B	-18.5M	1.07	19.66	60,433	64,922	784,049	1,087,400
2025-04-21	$92.25	$90.00	39.5%	11.8%	48.7%	74.3%	43.2%	9.1%	-1.9%	-25.5M	-908.2M	-18.5M	2.00	19.40	39,182	78,374	600,154	980,566
2025-04-22	$95.03	$90.00	36.2%	10.9%	49.4%	65.2%	40.0%	7.2%	-1.7%	6.0M	-1.60B	-18.0M	0.91	11.16	50,616	45,875	614,136	993,593
2025-04-23	$94.79	$90.00	35.4%	10.8%	48.0%	63.1%	39.3%	7.5%	-1.6%	6.7M	-1.61B	-17.6M	0.70	16.58	69,788	49,101	620,344	1,010,872
2025-04-24	$95.94	$92.00	33.7%	10.4%	48.0%	58.5%	38.0%	7.2%	-1.7%	31.5M	-1.94B	-16.9M	1.67	15.55	45,656	76,078	635,751	1,026,303
2025-04-25	$94.99	$92.50	34.1%	10.5%	48.2%	59.4%	37.2%	7.6%	-1.9%	36.6M	-1.69B	-16.8M	1.02	18.15	51,957	52,939	635,552	1,016,676
2025-04-28	$95.17	$92.50	34.2%	11.2%	47.9%	59.6%	39.8%	6.8%	-1.1%	-263.3K	-1.56B	-17.1M	0.99	13.59	26,789	26,632	609,674	992,933
2025-04-29	$96.00	$92.50	32.9%	11.0%	46.9%	56.3%	43.0%	6.3%	-1.4%	10.1M	-1.73B	-17.4M	1.78	8.81	20,196	35,987	620,058	998,306
2025-04-30	$97.19	$92.50	33.6%	11.4%	46.9%	58.0%	43.1%	7.1%	-1.2%	25.1M	-2.08B	-16.9M	1.15	17.04	60,090	69,232	623,176	1,005,727