GWW Options History — October 2008

In October 2008, GWW traded between $68.16 and $83.40. ATM implied volatility averaged 63.4%, placing in the 70.6% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded below realized volatility by 5.4% (HV 20d: 68.9%). Max pain ranged from $75.00 to $85.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 1.22.

Notable Days

  • 2008-10-22: Highest Volume — 2,836 contracts
  • 2008-10-22: Largest IV spike — 34.3% change
  • 2008-10-01: Highest IV Rank — 100.0%
  • 2008-10-27: Largest Expected Move — 19.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$75.80$68.16$83.40$81.93$78.57
Max Pain$81.09$75.00$85.00$85.00$75.00
ATM IV63.4%41.8%94.6%45.8%50.8%
Expected Move16.3%12.0%19.8%13.1%14.6%
HV 20d68.9%51.6%84.8%51.6%82.3%
HV 60d47.4%36.9%57.9%36.9%57.8%
IV Rank70.6%30.4%100.0%100.0%42.3%
IV Percentile97.5%92.5%100.0%100.0%92.5%
Term Structure-6.4%-11.8%1.2%-5.1%-0.2%
VWIV55.1%41.9%64.7%45.4%47.9%
Skew 25d11.4%6.0%22.4%6.0%15.8%
Skew 10d18.3%8.3%33.1%10.2%28.0%
Call IV 25d51.0%40.0%61.5%42.8%45.3%
Put IV 25d62.4%48.7%74.8%48.7%61.1%
Bid-Ask Spread %26.4412.9151.8732.1221.22
Gamma HHI0.210.150.260.220.21
Net GEX63.5K-417.0K669.0K-48.8K669.0K
Net DEX3.9M-17.1M20.9M102.8K-14.8M
Net VEX-134.3K-163.6K-105.9K-130.0K-163.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.104.494.490.10
Total Volume1,150.9573212,8368511,130
Total OI14,707.26111,16118,41913,23315,132

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$81.93$85.0045.8%13.1%51.6%100.0%45.4%6.0%-5.1%-48.8K102.8K-130.0K4.4932.12N/AN/A1556967,9215,312
2008-10-02$77.98$85.0053.3%15.3%53.4%100.0%56.7%12.2%-7.0%-216.8K10.4M-123.8K2.4531.85N/AN/A3949647,9895,840
2008-10-03$77.31$85.0058.7%16.8%53.3%100.0%57.6%9.3%-9.9%-274.2K12.4M-129.1K1.5024.97N/AN/A2623938,2676,372
2008-10-06$76.86$85.0071.0%15.2%52.1%100.0%49.9%6.9%-7.6%-243.1K13.2M-129.8K1.1039.98N/AN/A2172388,3856,591
2008-10-07$72.74$85.0067.2%15.5%54.8%92.7%43.4%6.3%-9.3%-259.3K20.7M-108.6K0.8630.78N/AN/A2031748,4166,558
2008-10-08$72.61$85.0071.1%16.2%54.7%100.0%55.0%6.2%-9.6%-243.3K20.9M-105.9K0.3820.42N/AN/A1,3435138,4496,449
2008-10-09$71.23$85.0086.5%18.4%54.8%100.0%59.8%6.2%-10.0%-113.5K17.6M-122.9K0.9247.10N/AN/A5885399,5686,570
2008-10-10$73.87$85.0094.6%18.9%56.1%100.0%60.4%6.5%-11.8%-92.2K11.9M-140.1K2.0436.76N/AN/A4921,0059,6866,798
2008-10-13$80.45$85.0078.5%16.0%64.5%78.8%58.3%9.9%-9.8%-209.0K2.1M-147.9K1.9325.42N/AN/A7411,42810,0356,726
2008-10-14$83.40$85.0063.9%14.4%63.0%59.6%53.0%9.8%-6.5%-37.2K-13.1M-156.3K0.9213.33N/AN/A1,3391,23810,3656,875
2008-10-15$75.21$85.0081.2%17.0%71.8%82.4%57.4%11.2%-8.9%-252.8K17.4M-135.1K1.9819.46N/AN/A46692110,7247,568
2008-10-16$77.00$85.0059.2%17.0%72.6%53.4%59.5%13.3%-8.7%-270.4K10.7M-138.9K1.2222.87N/AN/A8441,02810,7157,089
2008-10-17$78.36$80.0051.3%14.7%71.5%43.0%48.8%13.0%-5.5%-417.0K7.4M-142.4K1.1829.68N/AN/A78392211,0267,393
2008-10-20$83.24$80.0041.8%12.0%74.5%30.4%43.8%10.2%1.2%612.4K-17.1M-151.0K1.1920.02N/AN/A3143747,4303,731
2008-10-21$77.73$80.0044.2%12.7%78.0%33.6%41.9%11.6%-0.4%468.6K-6.2M-136.0K0.6312.91N/AN/A2071317,6243,772
2008-10-22$71.48$80.0059.4%17.0%82.7%53.6%56.6%15.5%-5.3%252.9K4.2M-111.4K0.5020.20N/AN/A1,8859517,7383,818
2008-10-23$69.60$75.0061.6%17.7%81.9%56.6%63.9%12.6%-5.9%247.2K5.3M-119.7K0.8917.65N/AN/A1891698,5664,390
2008-10-24$68.16$75.0066.0%18.9%81.5%62.3%64.7%14.1%-5.2%228.1K5.7M-118.4K1.4325.21N/AN/A1361958,7144,460
2008-10-27$69.22$75.0069.1%19.8%79.6%66.4%58.5%14.4%-9.3%250.6K4.3M-122.7K0.3351.87N/AN/A242798,7524,586
2008-10-28$75.46$75.0062.5%17.9%84.8%57.7%59.0%22.4%-5.7%434.3K-6.6M-149.2K0.2615.33N/AN/A5771508,8644,659
2008-10-29$74.24$75.0061.5%17.6%82.6%56.3%64.1%13.8%-4.0%451.0K-6.4M-148.0K1.3527.25N/AN/A4656299,1504,668
2008-10-30$76.80$75.0059.8%17.1%81.9%54.1%61.1%15.0%-3.3%524.0K-10.7M-157.5K0.4521.62N/AN/A5282359,3355,191
2008-10-31$78.57$75.0050.8%14.6%82.3%42.3%47.9%15.8%-0.2%669.0K-14.8M-163.6K0.1021.22N/AN/A1,0261049,7805,352