GWW Options History — July 2009

In July 2009, GWW traded between $78.31 and $90.17. ATM implied volatility averaged 30.8%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 5.9% (HV 20d: 24.9%). Max pain ranged from $80.00 to $85.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 1.94.

Notable Days

  • 2009-07-14: Highest Volume — 5,281 contracts
  • 2009-07-15: Largest IV drop — 31.9% change
  • 2009-07-10: Highest IV Rank — 32.0%
  • 2009-07-02: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$84.66$78.31$90.17$81.94$89.91
Max Pain$82.05$80.00$85.00$80.00$85.00
ATM IV30.8%23.5%43.0%32.5%23.7%
Expected Move8.2%6.7%9.9%9.3%6.8%
HV 20d24.9%22.7%28.8%24.1%22.9%
HV 60d29.1%28.2%32.0%32.0%28.2%
IV Rank15.8%6.2%32.0%18.1%6.6%
IV Percentile22.9%1.6%62.3%25.4%2.4%
Term Structure0.6%-3.7%2.9%-2.0%1.5%
VWIV29.5%23.6%35.8%32.9%26.3%
Skew 25d5.4%2.2%6.6%2.8%4.8%
Skew 10d10.2%4.2%13.0%5.0%9.6%
Call IV 25d26.3%21.6%33.3%31.3%21.8%
Put IV 25d31.7%26.6%37.9%34.1%26.6%
Bid-Ask Spread %17.239.9526.3310.6019.05
Gamma HHI0.220.150.460.150.23
Net GEX215.0K-602.9K2.0M63.6K256.8K
Net DEX-12.6M-32.5M15.2M-10.5M-21.4M
Net VEX-218.0K-244.0K-194.3K-234.6K-200.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.940.0810.280.521.68
Total Volume1,362.5911365,281565947
Total OI25,861.86418,48933,73727,73821,845

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$81.94$80.0032.5%9.3%24.1%18.1%32.9%2.8%-2.0%63.6K-10.5M-234.6K0.5210.60N/AN/A37219310,66617,072
2009-07-02$81.49$80.0034.6%9.9%24.0%20.9%34.5%2.2%-3.7%-5.0K-9.0M-236.9K1.2211.82N/AN/A24830310,63517,145
2009-07-06$81.79$80.0037.8%9.4%24.0%25.2%32.2%5.7%0.1%15.1K-10.1M-227.6K2.6313.97N/AN/A27572210,71917,272
2009-07-07$80.33$80.0039.6%9.6%23.8%27.6%32.7%6.0%-0.2%-202.5K-1.3M-229.6K2.8915.73N/AN/A5201,50310,73117,477
2009-07-08$79.14$80.0041.3%9.7%24.2%29.8%35.8%6.5%-0.2%-489.8K9.4M-244.0K0.0817.15N/AN/A1,70814010,96018,555
2009-07-09$78.31$80.0041.1%9.5%24.3%29.4%33.9%6.1%0.4%-602.9K15.2M-239.3K0.2010.18N/AN/A1,43628010,92818,633
2009-07-10$78.52$80.0043.0%9.5%24.4%32.0%33.1%6.4%0.1%-405.2K12.9M-242.0K0.249.95N/AN/A1,36632211,63718,816
2009-07-13$81.14$80.0040.9%9.3%27.6%29.2%31.4%5.5%0.4%579.2K-8.6M-234.4K0.5219.26N/AN/A2,4561,27712,60318,800
2009-07-14$82.58$80.0038.1%9.0%27.6%25.6%32.1%6.6%0.6%594.6K-21.7M-228.9K0.7822.08N/AN/A2,9642,31712,85819,349
2009-07-15$82.99$80.0026.0%8.2%27.1%9.5%30.8%5.9%2.0%764.9K-24.1M-227.9K0.7626.33N/AN/A1,27496513,48320,254
2009-07-16$83.74$80.0028.5%8.2%26.8%12.9%28.4%5.5%2.3%1.2M-32.5M-220.5K0.5324.94N/AN/A19910513,68319,762
2009-07-17$84.56$80.0027.4%7.9%27.0%11.5%28.0%6.3%2.9%2.0M-29.5M-207.5K0.1319.84N/AN/A1,70422313,15719,504
2009-07-20$87.78$80.0024.1%6.9%28.8%7.1%26.5%5.9%1.7%-27.0K-14.8M-194.3K0.5217.18N/AN/A1,0235376,03612,453
2009-07-21$87.30$85.0026.5%7.6%25.8%10.2%27.6%6.0%0.5%-181.5K-10.8M-208.7K1.5016.52N/AN/A2163256,25813,240
2009-07-22$86.93$85.0026.2%7.5%25.8%9.9%23.6%5.4%1.0%-235.1K-9.2M-211.0K0.1416.21N/AN/A8241126,37113,401
2009-07-23$88.67$85.0024.2%6.9%24.4%7.1%25.6%5.0%0.8%127.8K-16.9M-206.4K0.8217.72N/AN/A2792296,81713,438
2009-07-24$89.08$85.0023.5%6.7%23.1%6.2%25.8%5.3%1.1%265.8K-18.9M-201.4K2.9517.00N/AN/A1203546,92613,481
2009-07-27$88.95$85.0024.4%7.0%23.1%7.4%27.8%5.4%1.1%269.7K-18.6M-200.9K2.3718.59N/AN/A1774197,01313,767
2009-07-28$88.44$85.0024.3%7.0%23.3%7.3%28.4%5.5%0.8%189.1K-16.2M-203.4K10.2814.90N/AN/A252577,07013,929
2009-07-29$88.79$85.0024.2%6.9%22.7%7.2%26.6%5.1%0.9%232.9K-17.6M-201.3K6.5619.66N/AN/A181187,08914,018
2009-07-30$90.17$85.0024.6%7.1%23.0%7.7%25.5%4.9%0.9%370.6K-23.0M-195.3K5.3920.48N/AN/A1769497,08714,023
2009-07-31$89.91$85.0023.7%6.8%22.9%6.6%26.3%4.8%1.5%256.8K-21.4M-200.9K1.6819.05N/AN/A3535947,13214,713