WMT Options History — May 2025

In May 2025, WMT traded between $96.01 and $99.41. ATM implied volatility averaged 26.8%, placing in the 39.5% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 2.6% (HV 20d: 24.2%). Max pain ranged from $85.00 to $92.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.87.

Notable Days

2025-05-15: Highest Volume — 393,313 contracts
2025-05-15: Largest IV drop — 26.4% change
2025-05-09: Highest IV Rank — 55.4%
2025-05-01: Largest Expected Move — 11.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$97.48	$96.01	$99.41	$97.78	$98.69
Max Pain	$87.94	$85.00	$92.50	$92.50	$90.00
ATM IV	26.8%	21.5%	32.6%	32.5%	23.1%
Expected Move	7.6%	6.1%	11.3%	11.3%	6.1%
HV 20d	24.2%	13.8%	46.9%	46.9%	14.6%
HV 60d	36.1%	34.1%	37.6%	37.6%	34.2%
IV Rank	39.5%	25.0%	55.4%	55.0%	28.6%
IV Percentile	70.9%	48.8%	93.3%	92.9%	55.2%
Term Structure	-0.6%	-2.1%	0.6%	-1.8%	0.5%
VWIV	28.2%	21.4%	40.3%	40.3%	22.0%
Skew 25d	4.3%	0.5%	7.8%	6.6%	2.8%
Skew 10d	9.4%	1.2%	18.7%	13.7%	12.1%
Call IV 25d	25.1%	20.3%	32.9%	29.9%	21.1%
Put IV 25d	29.4%	23.6%	36.6%	36.5%	23.9%
Bid-Ask Spread %	21.44	4.99	51.55	14.68	10.22
Gamma HHI	0.10	0.07	0.15	0.07	0.11
Net GEX	45.4M	4.4M	139.7M	34.3M	91.5M
Net DEX	-2.26B	-2.87B	-1.84B	-2.27B	-2.59B
Net VEX	-14.9M	-16.5M	-13.6M	-16.5M	-13.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.87	0.48	1.29	0.94	0.67
Total Volume	118,144.905	42,698	393,313	74,299	120,763
Total OI	1,713,330.19	1,649,777	1,910,002	1,663,091	1,699,465

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
2025-05-01	$97.78	$92.50	32.5%	11.3%	46.9%	55.0%	40.3%	6.6%	-1.8%	34.3M	-2.27B	-16.5M	0.94	14.68	38,288	36,011	635,885	1,027,206
2025-05-02	$98.70	$92.50	30.5%	10.7%	45.2%	49.5%	40.0%	6.1%	-1.3%	58.4M	-2.63B	-15.3M	1.08	11.83	59,815	64,750	640,184	1,038,580
2025-05-05	$99.41	$85.00	31.5%	8.2%	42.5%	52.4%	31.8%	6.4%	-1.1%	46.3M	-2.63B	-15.4M	0.79	38.37	41,754	33,145	626,885	1,022,892
2025-05-06	$98.70	$85.00	32.4%	9.0%	42.5%	54.9%	34.1%	6.5%	-0.7%	35.6M	-2.43B	-15.8M	1.21	18.74	31,156	37,560	635,525	1,036,893
2025-05-07	$98.78	$85.00	31.4%	8.3%	40.8%	52.2%	36.8%	6.0%	-1.1%	40.0M	-2.45B	-15.4M	0.52	51.55	59,384	31,101	638,465	1,046,053
2025-05-08	$97.80	$86.67	31.2%	8.5%	25.8%	51.6%	32.8%	7.8%	-1.0%	32.2M	-2.33B	-15.5M	0.65	17.75	68,573	44,793	654,349	1,053,778
2025-05-09	$96.67	$86.67	32.6%	8.7%	26.4%	55.4%	33.4%	6.0%	-1.7%	4.4M	-1.88B	-16.4M	1.29	26.93	38,974	50,127	651,968	1,066,923
2025-05-12	$96.43	$86.67	31.3%	8.3%	24.5%	51.8%	31.4%	4.7%	-2.1%	4.9M	-1.88B	-15.7M	0.89	21.67	73,652	65,876	637,924	1,051,865
2025-05-13	$96.03	$86.67	32.0%	8.8%	22.8%	53.7%	30.6%	4.4%	-1.3%	7.4M	-1.84B	-15.8M	0.85	26.46	64,998	55,548	663,728	1,063,866
2025-05-14	$96.81	$86.67	31.0%	8.3%	22.4%	51.1%	30.0%	0.5%	-1.7%	21.6M	-2.11B	-15.4M	0.91	47.51	123,816	112,674	678,093	1,078,240
2025-05-15	$96.11	$86.67	22.8%	6.4%	18.7%	28.7%	23.4%	2.7%	-0.5%	35.0M	-2.05B	-13.9M	0.68	33.79	234,638	158,675	728,130	1,114,552
2025-05-16	$98.05	$86.67	21.6%	6.2%	17.9%	25.3%	21.7%	2.7%	-0.3%	139.7M	-2.87B	-13.7M	0.48	38.02	167,500	81,202	778,495	1,131,507
2025-05-19	$98.25	$86.67	21.7%	6.2%	17.0%	25.6%	22.4%	3.0%	0.0%	68.4M	-2.50B	-14.3M	1.02	6.97	59,064	60,510	672,238	989,545
2025-05-20	$97.71	$86.67	22.5%	6.4%	14.0%	27.7%	23.9%	3.3%	0.1%	57.7M	-2.36B	-14.4M	0.99	24.65	46,927	46,281	682,907	1,013,425
2025-05-21	$96.60	$86.67	23.1%	6.6%	14.7%	29.4%	24.4%	3.4%	-0.1%	39.7M	-2.04B	-14.7M	1.09	12.96	41,298	45,080	691,366	1,019,644
2025-05-22	$96.01	$90.00	22.7%	6.5%	14.3%	28.2%	23.8%	3.2%	0.5%	30.2M	-1.90B	-14.4M	1.02	15.61	32,351	33,026	700,248	1,030,212
2025-05-23	$96.34	$90.00	23.4%	6.7%	13.8%	30.1%	23.9%	3.7%	0.4%	25.3M	-1.91B	-15.1M	0.95	12.85	31,120	29,554	702,720	1,038,291
2025-05-27	$97.73	$90.00	21.5%	6.1%	14.6%	25.0%	21.4%	3.3%	0.2%	66.1M	-2.37B	-13.6M	0.66	7.92	42,639	28,094	668,683	991,975
2025-05-28	$97.27	$90.00	22.2%	6.3%	14.5%	26.9%	22.6%	3.6%	0.6%	54.0M	-2.18B	-14.1M	0.85	4.99	25,694	21,934	680,365	1,002,211
2025-05-29	$97.29	$90.00	21.9%	6.1%	13.8%	26.2%	21.5%	3.6%	0.2%	59.9M	-2.23B	-13.6M	0.79	6.75	23,788	18,910	685,444	1,009,209
2025-05-30	$98.69	$90.00	23.1%	6.1%	14.6%	28.6%	22.0%	2.8%	0.5%	91.5M	-2.59B	-13.9M	0.67	10.22	72,156	48,607	688,084	1,011,381