Ya, and over what span of time? I run my car in ECM closed loop (except idle), and it's common for the air fuel ratio to move around a lot if you move the accelerator at all while driving. Particularly in traffic where you're on and off the accelerator a lot. It's not uncommon to see it mover over even a wider range than you've seen.
Now, at WOT where AFR tracking is turned on, it should not vary that much, assuming you have AFR tracking activated and have a specified value entered in the table.