WMT Options History — September 2025

In September 2025, WMT traded between $97.69 and $104.76. ATM implied volatility averaged 20.3%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 0.4% (HV 20d: 20.7%). Max pain ranged from $92.50 to $100.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.55.

Notable Days

2025-09-17: Highest Volume — 176,245 contracts
2025-09-26: Largest IV drop — 6.5% change
2025-09-19: Highest IV Rank — 18.7%
2025-09-19: Largest Expected Move — 6.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$102.24	$97.69	$104.76	$97.69	$103.18
Max Pain	$97.76	$92.50	$100.00	$92.50	$100.00
ATM IV	20.3%	18.9%	21.9%	18.9%	20.8%
Expected Move	5.8%	5.4%	6.3%	5.4%	5.9%
HV 20d	20.7%	15.0%	27.6%	27.0%	15.0%
HV 60d	19.9%	19.5%	20.3%	19.5%	19.6%
IV Rank	14.4%	10.4%	18.7%	15.2%	12.1%
IV Percentile	32.6%	22.2%	47.2%	22.2%	33.7%
Term Structure	-0.0%	-0.7%	0.7%	-0.1%	-0.2%
VWIV	20.7%	19.0%	22.3%	19.0%	20.3%
Skew 25d	1.8%	1.3%	2.2%	1.8%	1.3%
Skew 10d	5.0%	-7.2%	13.5%	3.6%	4.1%
Call IV 25d	19.8%	18.3%	21.4%	18.3%	20.4%
Put IV 25d	21.6%	20.1%	23.1%	20.1%	21.8%
Bid-Ask Spread %	18.48	3.63	51.19	3.76	10.52
Gamma HHI	0.12	0.08	0.21	0.09	0.09
Net GEX	82.4M	25.5M	130.6M	53.0M	62.7M
Net DEX	-2.17B	-2.90B	-1.51B	-1.51B	-1.90B
Net VEX	-11.4M	-11.9M	-11.0M	-11.9M	-11.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.29	0.84	0.33	0.39
Total Volume	77,289.714	46,774	176,245	74,898	47,964
Total OI	992,012.238	839,887	1,077,520	1,046,607	882,834

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
2025-09-02	$97.69	$92.50	18.9%	5.4%	27.0%	15.2%	19.0%	1.8%	-0.1%	53.0M	-1.51B	-11.9M	0.33	3.76	56,410	18,488	575,110	471,497
2025-09-03	$99.18	$93.00	19.1%	5.5%	27.6%	15.6%	19.3%	1.7%	0.0%	97.0M	-1.95B	-11.8M	0.34	10.44	71,409	24,449	581,811	475,976
2025-09-04	$100.81	$97.50	19.0%	5.5%	23.2%	15.3%	19.5%	1.9%	0.1%	111.7M	-2.37B	-11.6M	0.42	9.75	93,858	39,509	579,061	481,940
2025-09-05	$100.36	$97.50	19.1%	5.5%	23.2%	10.4%	19.2%	1.7%	0.1%	77.8M	-2.17B	-11.9M	0.58	8.98	44,444	25,559	586,101	491,419
2025-09-08	$102.13	$97.50	19.1%	5.7%	24.0%	10.6%	19.8%	1.9%	0.6%	103.5M	-2.46B	-11.2M	0.58	11.67	47,255	27,636	552,725	464,655
2025-09-09	$102.08	$97.50	19.3%	5.7%	23.9%	11.1%	19.5%	2.0%	0.7%	100.0M	-2.33B	-11.6M	0.38	28.14	38,534	14,551	554,609	472,605
2025-09-10	$100.81	$97.50	20.0%	5.8%	24.2%	13.3%	20.4%	1.8%	0.2%	72.5M	-2.04B	-11.5M	0.72	9.49	33,067	23,752	557,924	480,563
2025-09-11	$102.52	$97.50	19.6%	5.5%	23.4%	12.0%	20.7%	1.6%	-0.3%	110.0M	-2.47B	-11.3M	0.57	3.63	40,953	23,190	560,591	481,872
2025-09-12	$103.50	$97.50	19.6%	5.5%	23.6%	11.9%	19.8%	1.6%	-0.4%	100.9M	-2.69B	-11.2M	0.51	28.72	70,690	36,293	561,815	489,705
2025-09-15	$103.65	$97.50	20.2%	5.8%	23.4%	13.9%	21.2%	1.6%	0.2%	100.9M	-2.58B	-11.0M	0.70	14.08	27,564	19,210	545,836	476,414
2025-09-16	$103.59	$97.50	20.5%	5.9%	23.3%	14.6%	20.7%	1.6%	0.0%	104.5M	-2.55B	-11.0M	0.29	25.57	42,865	12,515	552,948	482,141
2025-09-17	$104.76	$97.50	20.9%	6.0%	23.6%	15.9%	21.8%	1.6%	-0.3%	130.6M	-2.90B	-11.0M	0.67	42.50	105,523	70,722	564,379	484,820
2025-09-18	$103.56	$97.50	21.1%	6.0%	23.7%	16.2%	21.9%	1.3%	0.1%	83.7M	-2.50B	-11.2M	0.65	51.19	53,054	34,323	569,761	502,402
2025-09-19	$102.39	$97.50	21.9%	6.3%	15.6%	18.7%	21.7%	1.3%	-0.7%	25.5M	-2.23B	-11.1M	0.69	30.62	54,100	37,300	574,627	501,718
2025-09-22	$102.92	$97.50	21.7%	6.2%	15.4%	18.1%	22.3%	1.9%	-0.1%	58.4M	-1.82B	-11.5M	0.84	16.06	34,755	29,079	463,916	375,971
2025-09-23	$102.38	$100.00	21.9%	6.3%	15.2%	18.7%	22.0%	2.2%	-0.0%	45.7M	-1.74B	-11.3M	0.66	15.66	38,711	25,476	471,774	387,939
2025-09-24	$102.77	$100.00	21.4%	6.1%	15.1%	17.3%	22.3%	2.1%	0.0%	51.9M	-1.84B	-11.3M	0.29	7.37	49,059	14,398	479,190	399,630
2025-09-25	$102.97	$100.00	21.9%	6.2%	15.0%	16.6%	21.6%	2.0%	-0.1%	60.3M	-1.91B	-11.4M	0.52	20.41	51,386	26,736	503,431	403,191
2025-09-26	$103.03	$100.00	20.4%	5.6%	15.0%	12.2%	19.9%	1.7%	0.0%	126.5M	-1.90B	-11.5M	0.68	18.11	37,340	25,237	510,728	413,154
2025-09-29	$102.78	$100.00	20.7%	5.8%	15.1%	11.8%	21.0%	2.2%	-0.4%	54.3M	-1.78B	-11.2M	0.74	21.44	32,094	23,626	483,396	382,078
2025-09-30	$103.18	$100.00	20.8%	5.9%	15.0%	12.1%	20.3%	1.3%	-0.2%	62.7M	-1.90B	-11.1M	0.39	10.52	34,518	13,446	491,970	390,864