GWW Options History — June 2014

In June 2014, GWW traded between $254.27 and $269.22. ATM implied volatility averaged 18.5%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 2.5% (HV 20d: 16.0%). Max pain ranged from $250.00 to $250.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.42.

Notable Days

2014-06-12: Highest Volume — 362 contracts
2014-06-12: Largest IV spike — 36.3% change
2014-06-30: Highest IV Rank — 42.5%
2014-06-30: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$260.89	$254.27	$269.22	$260.06	$254.27
Max Pain	$250.00	$250.00	$250.00	$250.00	$250.00
ATM IV	18.5%	13.7%	22.2%	15.2%	22.2%
Expected Move	5.5%	4.4%	6.4%	4.4%	6.4%
HV 20d	16.0%	13.4%	19.0%	13.4%	16.4%
HV 60d	18.1%	17.1%	18.6%	17.9%	18.0%
IV Rank	23.6%	0.0%	42.5%	3.4%	42.5%
IV Percentile	43.4%	0.0%	74.6%	2.8%	74.6%
Term Structure	-0.5%	-2.6%	3.5%	3.3%	-2.6%
VWIV	19.6%	15.0%	23.0%	15.3%	23.0%
Skew 25d	2.2%	0.9%	3.3%	2.4%	2.9%
Skew 10d	6.5%	3.1%	13.1%	6.6%	6.6%
Call IV 25d	18.2%	13.8%	20.6%	14.6%	20.6%
Put IV 25d	20.4%	16.7%	23.5%	17.0%	23.5%
Bid-Ask Spread %	86.77	82.61	91.64	88.72	86.23
Gamma HHI	0.23	0.21	0.26	0.23	0.26
Net GEX	482.7K	-1.1M	2.2M	550.6K	-1.1M
Net DEX	-17.8M	-38.3M	-2.4M	-15.4M	-2.4M
Net VEX	-179.8K	-199.7K	-158.3K	-193.2K	-158.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.42	0.14	7.13	0.49	0.14
Total Volume	113	14	362	106	144
Total OI	7,195.238	6,824	7,642	6,981	7,008

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2014-06-02	$260.06	$250.00	15.2%	4.4%	13.4%	3.4%	15.3%	2.4%	3.3%	550.6K	-15.4M	-193.2K	0.49	88.72	N/A	N/A	71	35	3,056	3,925
2014-06-03	$263.11	$250.00	15.8%	4.5%	13.7%	6.4%	15.0%	2.5%	2.8%	846.2K	-21.3M	-190.1K	0.28	89.82	N/A	N/A	156	44	3,031	3,954
2014-06-04	$261.47	$250.00	15.3%	4.4%	13.9%	4.2%	15.3%	0.9%	3.5%	799.6K	-20.1M	-193.9K	1.54	89.80	N/A	N/A	41	63	3,135	3,968
2014-06-05	$265.01	$250.00	16.6%	4.8%	14.5%	10.9%	15.8%	3.1%	3.3%	1.2M	-25.8M	-190.6K	4.05	91.64	N/A	N/A	40	162	3,149	3,983
2014-06-06	$267.77	$250.00	13.7%	5.1%	14.7%	0.0%	19.8%	3.1%	-0.1%	1.6M	-32.4M	-181.9K	1.02	85.45	N/A	N/A	46	47	3,148	3,978
2014-06-09	$267.39	$250.00	15.0%	5.4%	14.5%	6.9%	19.3%	1.7%	-1.0%	1.6M	-32.2M	-175.9K	7.13	82.61	N/A	N/A	8	57	3,147	3,961
2014-06-10	$269.11	$250.00	14.9%	5.3%	13.9%	6.2%	19.6%	3.3%	-0.6%	1.8M	-35.1M	-172.8K	0.51	83.11	N/A	N/A	177	91	3,151	3,992
2014-06-11	$269.22	$250.00	14.5%	5.3%	13.7%	4.1%	19.3%	2.7%	-0.8%	2.2M	-38.3M	-172.9K	0.35	84.90	N/A	N/A	122	43	3,288	3,992
2014-06-12	$260.21	$250.00	19.7%	5.7%	19.0%	30.4%	20.0%	2.0%	-1.0%	724.2K	-17.6M	-193.2K	1.43	86.22	N/A	N/A	149	213	3,386	4,011
2014-06-13	$259.81	$250.00	19.8%	5.7%	18.9%	30.7%	21.1%	1.5%	-1.2%	461.6K	-15.2M	-199.7K	0.75	85.60	N/A	N/A	44	33	3,410	4,144
2014-06-16	$260.11	$250.00	20.2%	5.8%	18.7%	32.9%	20.7%	2.4%	-1.3%	402.1K	-15.2M	-190.5K	0.77	86.18	N/A	N/A	13	10	3,397	4,176
2014-06-17	$258.28	$250.00	20.1%	5.7%	18.8%	31.9%	20.7%	2.2%	-1.2%	139.7K	-11.3M	-188.7K	0.93	85.66	N/A	N/A	45	42	3,399	4,186
2014-06-18	$259.39	$250.00	20.8%	6.0%	16.3%	35.8%	21.2%	2.3%	-2.1%	367.0K	-13.4M	-179.3K	1.19	89.32	N/A	N/A	27	32	3,430	4,212
2014-06-19	$261.10	$250.00	20.4%	5.8%	16.1%	33.5%	20.9%	1.1%	-1.3%	960.8K	-19.7M	-177.1K	1.20	86.78	N/A	N/A	25	30	3,370	4,067
2014-06-20	$261.44	$250.00	20.4%	5.8%	16.0%	33.7%	19.9%	2.1%	-1.9%	840.3K	-21.7M	-176.8K	0.32	83.96	N/A	N/A	37	12	3,370	4,056
2014-06-23	$259.93	$250.00	20.3%	5.8%	16.2%	33.3%	21.6%	0.9%	-0.5%	86.7K	-15.4M	-169.1K	2.20	85.70	N/A	N/A	25	55	3,053	3,771
2014-06-24	$256.10	$250.00	20.8%	6.0%	17.2%	35.8%	21.9%	2.4%	-1.3%	-541.3K	-8.4M	-170.2K	1.79	86.44	N/A	N/A	29	52	3,072	3,801
2014-06-25	$255.63	$250.00	20.2%	5.8%	17.1%	32.7%	21.1%	1.9%	-1.6%	-778.3K	-5.9M	-168.6K	0.58	87.67	N/A	N/A	64	37	3,096	3,821
2014-06-26	$254.88	$250.00	21.7%	6.2%	16.8%	40.0%	21.4%	2.6%	-2.4%	-868.3K	-3.9M	-168.8K	2.50	88.12	N/A	N/A	4	10	3,147	3,851
2014-06-27	$254.40	$250.00	21.6%	6.2%	16.6%	39.4%	19.6%	3.1%	-2.5%	-1.1M	-2.5M	-164.1K	0.73	88.23	N/A	N/A	22	16	3,149	3,859
2014-06-30	$254.27	$250.00	22.2%	6.4%	16.4%	42.5%	23.0%	2.9%	-2.6%	-1.1M	-2.4M	-158.3K	0.14	86.23	N/A	N/A	126	18	3,149	3,859