GWW Options History — February 2014

In February 2014, GWW traded between $229.29 and $255.02. ATM implied volatility averaged 19.1%, placing in the 23.9% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded below realized volatility by 5.3% (HV 20d: 24.4%). Max pain ranged from $230.00 to $260.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 1.19.

Notable Days

  • 2014-02-03: Highest Volume — 1,173 contracts
  • 2014-02-07: Largest IV drop — 8.5% change
  • 2014-02-03: Highest IV Rank — 39.3%
  • 2014-02-03: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$242.58$229.29$255.02$229.29$255.02
Max Pain$237.89$230.00$260.00$260.00$240.00
ATM IV19.1%17.4%21.8%21.8%17.4%
Expected Move5.5%5.0%6.2%6.2%5.0%
HV 20d24.4%15.7%29.0%28.3%15.7%
HV 60d20.5%20.0%21.2%21.2%20.7%
IV Rank23.9%15.1%39.3%39.3%15.1%
IV Percentile48.6%19.0%71.4%71.4%19.0%
Term Structure2.4%-0.1%3.6%-0.1%3.0%
VWIV19.8%18.0%22.0%22.0%18.1%
Skew 25d1.9%0.9%2.8%1.7%2.5%
Skew 10d5.0%-0.6%9.3%3.7%6.0%
Call IV 25d19.1%16.9%21.8%21.8%16.9%
Put IV 25d21.0%19.5%23.5%23.5%19.5%
Bid-Ask Spread %81.0965.9389.2278.4585.71
Gamma HHI0.220.160.300.260.17
Net GEX-2.3M-4.3M306.9K-4.3M-630.1K
Net DEX35.4M-3.8M84.5M84.5M-3.8M
Net VEX-276.4K-298.3K-248.9K-273.9K-248.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.074.411.731.48
Total Volume301.632231,1731,17357
Total OI11,377.2119,62812,58011,12210,082

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$229.29$260.0021.8%6.2%28.3%39.3%22.0%1.7%-0.1%-4.3M84.5M-273.9K1.7378.45N/AN/A4307434,0207,102
2014-02-04$231.29$260.0020.7%5.9%28.7%32.1%20.6%2.5%0.2%-4.3M76.1M-279.0K0.8583.80N/AN/A1411204,1777,042
2014-02-05$230.87$260.0020.7%5.9%28.4%32.1%20.2%2.0%0.5%-4.2M75.8M-278.5K0.3586.05N/AN/A147514,2957,063
2014-02-06$233.95$250.0020.6%5.9%29.0%31.9%20.0%1.7%-0.1%-4.0M65.2M-290.2K0.0786.00N/AN/A395294,4197,069
2014-02-07$234.00$230.0018.9%5.7%28.9%22.7%19.9%2.6%2.6%-3.8M63.1M-286.5K2.4665.93N/AN/A801974,6927,073
2014-02-10$234.29$230.0019.3%5.9%24.9%24.8%20.1%2.6%2.5%-4.0M63.0M-281.1K1.2370.42N/AN/A62764,6737,161
2014-02-11$237.86$230.0019.0%5.7%26.0%23.4%20.0%1.8%2.9%-3.3M51.0M-291.9K0.1873.62N/AN/A6291154,7177,183
2014-02-12$238.05$230.0018.8%5.6%25.5%22.4%20.3%1.6%3.3%-3.1M49.2M-298.3K4.4173.83N/AN/A22974,9607,234
2014-02-13$239.64$230.0019.6%5.6%25.8%26.4%20.5%2.0%3.0%-2.8M44.6M-295.9K0.3983.29N/AN/A85334,9627,275
2014-02-14$245.67$230.0018.8%5.4%27.5%22.3%20.7%1.8%2.4%-1.6M22.8M-297.1K1.1175.44N/AN/A3013345,0047,298
2014-02-18$247.76$230.0018.9%5.4%27.9%22.9%19.7%1.9%2.8%-1.5M15.8M-288.7K0.7083.50N/AN/A2441725,0457,378
2014-02-19$248.00$230.0018.6%5.3%27.9%21.3%20.3%1.5%3.1%-1.4M13.0M-288.0K0.1982.92N/AN/A203395,1387,442
2014-02-20$248.04$230.0018.6%5.3%27.9%21.2%19.7%0.9%3.3%-724.6K11.8M-270.7K0.5380.84N/AN/A1584,9927,267
2014-02-21$249.24$230.0018.3%5.2%27.1%19.5%18.7%1.1%3.6%306.9K8.0M-263.7K2.4881.02N/AN/A27674,9957,237
2014-02-24$251.61$230.0018.3%5.2%16.6%19.7%18.0%1.3%3.0%-1.2M7.7M-254.6K0.9284.25N/AN/A1161073,6246,004
2014-02-25$250.14$240.0018.2%5.2%16.0%19.4%19.2%1.4%3.3%-1.3M9.2M-252.5K1.6687.61N/AN/A1091813,6966,038
2014-02-26$251.47$240.0018.3%5.2%15.8%19.6%18.9%1.6%3.0%-1.2M8.0M-251.5K1.1588.77N/AN/A52603,7446,119
2014-02-27$252.91$240.0018.1%5.2%15.9%18.6%18.5%2.8%3.0%-1.0M7.8M-260.1K0.6589.22N/AN/A113743,7936,154
2014-02-28$255.02$240.0017.4%5.0%15.7%15.1%18.1%2.5%3.0%-630.1K-3.8M-248.9K1.4885.71N/AN/A23343,8786,204