WMT Options History — January 2026

In January 2026, WMT traded between $112.23 and $120.29. ATM implied volatility averaged 25.5%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 8.0% (HV 20d: 17.5%). Max pain ranged from $95.00 to $115.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.72.

Notable Days

  • 2026-01-16: Highest Volume — 192,165 contracts
  • 2026-01-20: Largest IV spike — 15.8% change
  • 2026-01-20: Highest IV Rank — 41.6%
  • 2026-01-20: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$116.98$112.23$120.29$112.23$119.15
Max Pain$112.00$95.00$115.00$95.00$115.00
ATM IV25.5%20.0%30.7%20.0%29.3%
Expected Move8.0%5.6%8.9%5.6%8.9%
HV 20d17.5%16.4%18.4%16.4%18.2%
HV 60d22.8%22.1%24.4%24.2%22.3%
IV Rank24.8%6.9%41.6%6.9%36.9%
IV Percentile57.2%16.7%86.9%16.7%75.0%
Term Structure0.9%-1.6%5.1%0.7%-0.8%
VWIV28.7%20.7%32.4%20.7%31.4%
Skew 25d2.9%1.4%4.0%1.8%2.8%
Skew 10d6.6%4.2%10.4%4.9%10.4%
Call IV 25d24.1%18.9%29.6%18.9%28.1%
Put IV 25d27.0%20.8%33.5%20.8%30.9%
Bid-Ask Spread %29.3513.5957.4333.3616.03
Gamma HHI0.130.080.340.120.12
Net GEX90.7M30.8M199.9M73.5M90.7M
Net DEX-2.76B-4.44B-1.68B-2.43B-2.30B
Net VEX-11.7M-12.5M-10.8M-11.1M-12.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.341.160.690.69
Total Volume100,658.7544,869192,16549,921101,987
Total OI941,049.7788,4501,200,925949,700839,329

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$112.23$95.0020.0%5.6%16.4%6.9%20.7%1.8%0.7%73.5M-2.43B-11.1M0.6933.3629,53720,384499,676450,024
2026-01-05$112.86$110.0020.7%7.4%16.5%9.3%26.2%2.4%0.2%66.2M-2.56B-10.8M0.5728.1833,14419,058488,772443,216
2026-01-06$114.69$110.0020.7%7.5%17.5%9.5%26.2%2.3%1.5%81.8M-2.88B-11.2M0.3839.2050,35119,206499,125449,636
2026-01-07$113.15$110.0021.2%7.6%17.6%11.0%27.5%3.3%0.4%74.4M-2.66B-11.2M0.7225.2738,52627,926516,747459,223
2026-01-08$113.23$110.0023.0%7.8%16.6%16.9%27.6%2.9%0.1%80.7M-2.68B-11.3M0.6031.6683,85350,545528,691468,576
2026-01-09$115.25$110.0021.7%7.5%16.4%12.5%26.3%3.0%0.5%183.4M-3.40B-11.5M0.5557.43105,62957,935562,004481,314
2026-01-12$118.16$110.0023.1%7.7%17.2%17.1%27.8%2.8%3.9%133.6M-3.90B-11.4M0.3543.48139,89648,317556,417480,896
2026-01-13$120.16$110.0022.7%8.0%17.9%15.7%28.4%2.2%5.1%152.7M-4.44B-11.4M0.4130.5996,28039,425583,485496,627
2026-01-14$120.29$110.0024.7%8.4%17.9%22.2%30.2%1.4%4.7%161.2M-4.37B-11.5M0.3438.5698,56233,313586,774513,570
2026-01-15$119.61$115.0024.1%8.1%17.8%20.3%28.9%2.1%5.0%199.9M-4.24B-11.6M0.5640.9386,15548,625620,241526,852
2026-01-16$118.36$115.0026.5%8.3%18.3%28.1%30.0%2.5%3.6%153.9M-3.76B-11.7M0.8747.75102,50089,665650,848550,077
2026-01-20$118.41$115.0030.7%8.9%18.1%41.6%31.4%3.9%-1.6%45.5M-2.07B-12.0M1.1115.7170,18877,955421,779366,996
2026-01-21$119.91$115.0029.9%8.6%18.4%38.9%32.4%3.4%0.3%82.1M-2.38B-12.1M1.0229.6442,68843,744449,513375,676
2026-01-22$117.98$115.0028.2%8.1%18.1%33.4%28.8%3.5%-0.9%42.9M-1.98B-11.9M1.1621.4429,65834,418456,754388,708
2026-01-23$117.82$115.0027.8%8.1%17.2%32.1%28.1%3.5%-1.0%37.8M-1.95B-12.2M0.8514.3239,07033,212466,026399,591
2026-01-26$117.89$115.0027.8%8.2%17.2%32.3%29.5%3.3%-0.6%44.4M-1.92B-12.2M1.1313.5922,46525,273412,910375,540
2026-01-27$116.99$115.0029.0%8.4%17.6%36.1%31.3%4.0%-0.3%31.8M-1.74B-12.3M0.7420.7044,33333,010420,690384,046
2026-01-28$116.39$115.0029.3%8.6%17.7%37.1%30.7%2.8%-0.9%30.8M-1.68B-12.3M0.8724.3427,46824,005433,226387,068
2026-01-29$117.10$115.0029.8%8.8%17.6%38.5%31.1%3.7%-1.3%46.2M-1.84B-12.5M0.7114.7726,28918,580439,521390,830
2026-01-30$119.15$115.0029.3%8.9%18.2%36.9%31.4%2.8%-0.8%90.7M-2.30B-12.2M0.6916.0360,30741,680444,132395,197