WESTERN ALLIANCE BANCORPORATION (WAL) Options Statistics & Positioning

WESTERN ALLIANCE BANCORPORATION (WAL) options trade at a 30-day at-the-money implied volatility of 35.9%, an IV rank of 25 out of 100 over the past year. The options market prices a ±$4.10 (±5.0%) move in WAL for the front expiration. Max pain sits at $80 and the put/call open interest ratio is 0.98. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$82.60

52-week range

$66.37 – $96.01

ATM IV (30d)

35.9%

IV rank

25 / 100

Low

Expected move

±$4.10 (±5.0%)

Put/call OI

0.98

Max pain

$80

↓ 3.1% below close

Next earnings

Jul 30, 2026

Most Active WAL Contracts

Contract	Expiration	DTE	Last	IV	Volume
WAL $70 put	Aug 21, 2026	42d	$1.14	46.0%	15
WAL $65 put	Jul 17, 2026	7d	$0.08	79.7%	15
WAL $77.5 put	Sep 18, 2026	70d	$3.70	38.9%	13
WAL $90 call	Aug 21, 2026	42d	$1.15	36.9%	11
WAL $80 call	Sep 18, 2026	70d	$5.70	37.8%	10

See all active WAL contracts →

Explore WAL Options Statistics

WAL Implied Volatility

35.9% ATM IV (30d)

An IV rank of 25 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

WAL Open Interest

0.98 put/call OI ratio

9,957 calls and 9,798 puts outstanding across all expirations.

Full open interest analysis →

WAL Max Pain

$80 max pain

3.1% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

WAL Gamma Exposure

-$176.94M net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

WAL Options Volume

101 contracts traded

Put/call volume ratio 0.91 — plus contracts running far above their usual volume.

Full volume & flow analysis →

WAL Most Active Options

$70 top volume strike

The 25 most actively traded WAL contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

WAL's next expected earnings date is Jul 30, 2026. Options currently price a ±$4.10 (±5.0%) move for the front expiration.

Explore the payoff profile of option on WAL for free

Build multi-leg WAL strategies, visualize payoffs, and scan the full US options universe with OptiView.

Open WAL in the platform Scan options

WAL Options FAQ

When is WAL's next earnings date?

WAL's next expected earnings date is Jul 30, 2026. Options currently price a ±$4.10 (±5.0%) move for the front expiration.

How often is WAL options data on this page updated?

All WAL statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see WAL max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated WAL pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.