WMT Options History — December 2025

In December 2025, WMT traded between $110.91 and $116.72. ATM implied volatility averaged 19.9%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 6.5% (HV 20d: 26.4%). Max pain ranged from $90.00 to $101.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.80.

Notable Days

  • 2025-12-11: Highest Volume — 202,010 contracts
  • 2025-12-19: Largest IV drop — 8.0% change
  • 2025-12-17: Highest IV Rank — 13.4%
  • 2025-12-10: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$113.79$110.91$116.72$111.67$111.57
Max Pain$94.70$90.00$101.00$100.00$95.00
ATM IV19.9%18.8%21.3%19.4%19.6%
Expected Move5.8%5.4%6.2%5.7%5.4%
HV 20d26.4%17.7%31.7%29.3%17.7%
HV 60d23.7%23.0%24.3%23.3%24.2%
IV Rank8.9%5.6%13.4%7.8%5.6%
IV Percentile17.6%6.3%33.7%17.1%12.3%
Term Structure0.4%-0.9%1.2%1.0%0.6%
VWIV20.6%19.4%22.4%20.8%19.5%
Skew 25d1.9%0.9%2.8%1.9%2.0%
Skew 10d4.3%-1.5%9.1%6.1%7.9%
Call IV 25d19.2%18.1%20.5%18.8%19.4%
Put IV 25d21.1%19.4%22.7%20.7%21.4%
Bid-Ask Spread %33.6314.6545.7614.6536.65
Gamma HHI0.170.100.320.170.11
Net GEX103.4M16.1M168.1M122.7M46.2M
Net DEX-3.14B-3.99B-2.09B-3.17B-2.27B
Net VEX-11.3M-11.8M-10.1M-10.1M-11.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.171.600.650.83
Total Volume93,411.77336,625202,010108,01645,490
Total OI1,051,438.5932,9351,149,412985,686953,834

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$111.67$100.0019.4%5.7%29.3%7.8%20.8%1.9%1.0%122.7M-3.17B-10.1M0.6514.6565,63842,378528,811456,875
2025-12-02$112.45$100.0019.3%5.8%29.2%7.2%20.6%1.3%0.2%131.3M-3.32B-10.5M0.9726.1344,70543,559541,256471,602
2025-12-03$114.61$101.0018.8%5.6%29.7%5.7%20.1%1.5%1.2%136.9M-3.82B-10.2M0.7220.4899,85872,186545,761487,216
2025-12-04$114.61$90.0019.9%5.8%29.4%9.1%21.0%0.9%0.1%125.9M-3.72B-10.9M1.2545.7650,95063,518563,342519,393
2025-12-05$115.09$90.0020.1%5.8%29.3%9.7%20.7%1.4%0.1%168.1M-3.76B-11.4M0.7829.3990,64471,110564,876545,762
2025-12-08$113.63$90.0019.9%5.9%30.0%9.1%21.3%2.0%0.5%92.8M-3.14B-11.4M0.5029.2685,47342,411549,808531,995
2025-12-09$115.43$92.5020.6%6.1%30.1%11.5%21.4%2.8%0.8%121.7M-3.98B-11.3M0.5741.8059,88034,126587,160535,195
2025-12-10$113.30$92.5020.6%6.2%31.3%11.2%22.4%2.2%1.1%97.9M-3.24B-11.8M0.6044.0164,16438,437587,485543,470
2025-12-11$115.67$92.5019.7%5.9%31.7%8.6%20.9%1.8%0.8%165.6M-3.99B-11.4M0.1735.03172,46129,549597,636551,776
2025-12-12$116.49$95.0019.8%5.8%31.2%8.9%20.6%1.4%0.9%141.4M-3.86B-11.4M0.7535.9284,03063,176569,321559,317
2025-12-15$116.72$95.0020.7%6.0%31.1%11.7%21.5%2.0%-0.8%134.0M-3.75B-11.5M0.8737.1635,63031,053553,975544,795
2025-12-16$115.73$95.0020.6%5.9%31.6%11.5%21.7%2.2%-0.4%132.4M-3.48B-11.5M1.1741.6128,34633,268558,757552,570
2025-12-17$115.56$95.0021.3%6.1%31.1%13.4%21.4%2.2%-0.8%141.8M-3.42B-11.8M0.7340.4326,39319,239562,869551,340
2025-12-18$115.07$95.0020.5%5.9%30.5%11.0%21.1%2.4%0.1%163.0M-3.32B-11.4M0.9225.2532,67530,171565,935553,717
2025-12-19$114.50$95.0018.9%5.4%20.9%5.9%19.5%2.1%0.4%113.8M-2.99B-11.3M0.6431.2647,69430,284560,604560,754
2025-12-22$112.43$95.0019.3%5.5%21.4%7.3%19.6%1.6%0.6%38.9M-2.39B-11.3M0.7425.7853,90339,826480,996451,939
2025-12-23$110.91$95.0019.9%5.8%21.3%9.2%20.1%2.2%0.1%28.2M-2.09B-11.4M1.6042.7644,42971,029497,855463,794
2025-12-24$111.38$95.0019.1%5.5%19.8%6.8%19.4%2.0%0.6%16.1M-2.20B-11.7M1.3634.1318,95925,694506,880488,218
2025-12-26$111.91$95.0019.2%5.4%18.3%7.0%19.6%1.8%1.1%49.0M-2.29B-11.7M0.4433.5329,03212,908512,585483,697
2025-12-29$112.56$95.0020.1%5.6%18.1%9.6%19.9%2.2%-0.9%54.5M-2.47B-11.2M0.6235.2527,31216,846488,974448,831
2025-12-30$112.05$95.0019.8%5.6%17.8%8.9%19.9%2.0%1.2%53.3M-2.37B-11.3M0.7033.6921,48315,142496,063454,608
2025-12-31$111.57$95.0019.6%5.4%17.7%5.6%19.5%2.0%0.6%46.2M-2.27B-11.3M0.8336.6524,91220,578502,771451,063