WMT Options History — November 2025

In November 2025, WMT traded between $100.39 and $110.54. ATM implied volatility averaged 27.8%, placing in the 33.8% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 6.1% (HV 20d: 21.7%). Max pain ranged from $97.50 to $102.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.64.

Notable Days

2025-11-20: Highest Volume — 343,996 contracts
2025-11-20: Largest IV drop — 21.2% change
2025-11-19: Highest IV Rank — 47.1%
2025-11-05: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$103.87	$100.39	$110.54	$101.64	$110.54
Max Pain	$99.13	$97.50	$102.00	$102.00	$100.00
ATM IV	27.8%	19.0%	32.0%	30.3%	19.0%
Expected Move	8.0%	5.5%	10.2%	9.8%	5.5%
HV 20d	21.7%	11.2%	29.5%	24.4%	29.5%
HV 60d	20.6%	17.5%	23.4%	20.8%	23.3%
IV Rank	33.8%	6.5%	47.1%	41.8%	6.5%
IV Percentile	69.9%	13.1%	92.1%	85.7%	13.1%
Term Structure	-0.8%	-3.0%	1.4%	1.4%	0.5%
VWIV	28.1%	19.6%	35.9%	34.4%	19.6%
Skew 25d	1.8%	0.1%	3.2%	0.1%	2.1%
Skew 10d	3.8%	-0.4%	6.0%	3.5%	4.1%
Call IV 25d	26.8%	18.1%	31.0%	30.2%	18.1%
Put IV 25d	28.6%	20.3%	33.4%	30.3%	20.3%
Bid-Ask Spread %	21.66	12.25	34.30	12.25	12.99
Gamma HHI	0.09	0.06	0.20	0.07	0.20
Net GEX	49.2M	-8.9M	136.3M	28.1M	136.3M
Net DEX	-1.78B	-3.11B	-968.9M	-1.31B	-3.11B
Net VEX	-11.4M	-12.4M	-10.3M	-12.4M	-10.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.33	1.49	0.33	0.38
Total Volume	108,023.421	55,117	343,996	64,636	99,384
Total OI	1,045,452.105	957,255	1,186,620	1,038,692	1,019,561

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
2025-11-03	$101.64	$102.00	30.3%	9.8%	24.4%	41.8%	34.4%	0.1%	1.4%	28.1M	-1.31B	-12.4M	0.33	12.25	48,575	16,061	554,154	484,538
2025-11-04	$102.40	$102.00	30.6%	10.1%	24.5%	42.8%	35.1%	2.0%	-1.8%	44.0M	-1.53B	-12.3M	0.35	15.95	43,507	15,089	563,051	487,466
2025-11-05	$101.75	$102.00	29.3%	10.2%	24.6%	38.7%	35.9%	1.8%	1.3%	34.4M	-1.38B	-12.2M	0.41	15.65	56,155	22,887	562,993	489,511
2025-11-06	$101.57	$97.50	31.0%	8.4%	24.2%	43.8%	29.2%	1.4%	0.6%	34.0M	-1.29B	-12.4M	0.42	17.09	49,759	20,788	571,822	496,843
2025-11-07	$102.56	$97.50	30.4%	8.1%	24.4%	42.0%	29.1%	1.1%	-1.1%	56.4M	-1.61B	-12.0M	0.47	21.71	60,519	28,162	574,280	499,388
2025-11-10	$102.41	$97.50	31.1%	8.4%	24.4%	44.4%	29.3%	1.0%	-1.2%	22.3M	-1.49B	-11.6M	0.63	21.45	40,419	25,286	530,695	482,825
2025-11-11	$103.58	$97.50	30.3%	8.2%	18.0%	41.9%	28.6%	0.8%	-1.9%	41.1M	-1.76B	-11.5M	0.48	19.89	46,160	21,937	540,349	493,539
2025-11-12	$103.53	$97.50	30.5%	8.2%	16.0%	42.5%	29.4%	1.2%	-1.7%	40.8M	-1.74B	-11.6M	0.71	19.47	32,300	22,817	542,679	492,582
2025-11-13	$102.59	$97.50	30.2%	8.3%	13.1%	41.5%	29.0%	1.7%	-1.4%	24.3M	-1.53B	-11.5M	0.71	23.17	47,028	33,308	552,395	501,566
2025-11-14	$102.31	$97.50	30.4%	8.5%	11.2%	42.1%	29.4%	1.6%	-1.0%	10.1M	-1.48B	-11.5M	0.85	31.23	63,544	54,263	560,690	502,456
2025-11-17	$102.78	$97.50	30.3%	8.6%	11.4%	41.7%	30.2%	1.8%	-1.1%	19.6M	-1.55B	-11.4M	0.66	21.98	34,072	22,357	523,688	499,274
2025-11-18	$101.68	$97.50	31.8%	9.1%	11.8%	46.4%	31.6%	1.6%	-2.7%	8.7M	-1.31B	-11.4M	0.93	27.51	37,525	34,868	530,999	506,356
2025-11-19	$100.39	$100.00	32.0%	9.2%	12.0%	47.1%	31.8%	2.5%	-1.4%	-8.9M	-968.9M	-11.5M	1.49	30.14	87,775	131,093	539,374	517,466
2025-11-20	$107.34	$100.00	25.2%	7.3%	27.7%	25.8%	25.4%	2.4%	-0.8%	112.3M	-2.70B	-10.8M	0.73	22.85	198,616	145,380	562,103	567,404
2025-11-21	$105.88	$100.00	22.5%	6.4%	28.0%	17.3%	22.5%	3.2%	-0.4%	77.6M	-2.28B	-10.7M	0.77	24.53	107,362	82,369	591,230	595,390
2025-11-24	$104.35	$100.00	21.8%	5.9%	27.9%	15.2%	20.9%	2.7%	-3.0%	36.1M	-1.66B	-10.4M	0.73	18.43	42,859	31,112	507,285	449,970
2025-11-25	$106.92	$100.00	20.8%	6.1%	28.8%	12.1%	21.4%	2.8%	0.3%	86.7M	-2.27B	-10.5M	0.54	34.30	52,539	28,399	519,087	459,943
2025-11-26	$109.34	$100.00	19.7%	5.7%	29.5%	8.5%	20.3%	1.9%	0.0%	130.8M	-2.86B	-10.3M	0.62	20.94	104,061	64,110	527,767	462,871
2025-11-28	$110.54	$100.00	19.0%	5.5%	29.5%	6.5%	19.6%	2.1%	0.5%	136.3M	-3.11B	-10.3M	0.38	12.99	72,034	27,350	541,166	478,395