GWW Options History — October 2014

In October 2014, GWW traded between $229.72 and $255.54. ATM implied volatility averaged 24.9%, placing in the 44.6% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 4.0% (HV 20d: 20.9%). Max pain ranged from $210.00 to $240.00. Net GEX was positive for 7 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 1.85.

Notable Days

2014-10-15: Highest Volume — 3,980 contracts
2014-10-13: Largest IV spike — 49.4% change
2014-10-10: Highest IV Rank — 100.0%
2014-10-13: Largest Expected Move — 6.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$241.84	$229.72	$255.54	$250.63	$246.88
Max Pain	$219.13	$210.00	$240.00	$220.00	$210.00
ATM IV	24.9%	16.2%	46.8%	23.6%	16.2%
Expected Move	5.7%	5.0%	6.5%	5.2%	5.3%
HV 20d	20.9%	9.5%	28.4%	9.5%	28.4%
HV 60d	16.3%	12.1%	19.0%	12.3%	19.0%
IV Rank	44.6%	8.9%	100.0%	52.0%	8.9%
IV Percentile	72.2%	19.0%	100.0%	88.9%	19.0%
Term Structure	-1.3%	-4.4%	1.5%	-3.9%	0.5%
VWIV	22.2%	16.7%	25.1%	16.7%	22.6%
Skew 25d	3.8%	1.5%	7.8%	3.6%	3.0%
Skew 10d	8.7%	4.5%	13.7%	13.7%	6.8%
Call IV 25d	19.7%	15.3%	26.1%	22.2%	15.5%
Put IV 25d	23.5%	18.5%	30.6%	25.8%	18.5%
Bid-Ask Spread %	64.74	48.89	78.68	48.89	52.35
Gamma HHI	0.26	0.21	0.54	0.25	0.23
Net GEX	-58.3K	-4.6M	5.1M	3.4M	151.2K
Net DEX	7.3M	-55.4M	49.6M	-24.2M	-2.4M
Net VEX	-203.5K	-237.9K	-167.2K	-177.3K	-233.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.85	0.02	9.48	9.48	0.67
Total Volume	983.478	104	3,980	304	659
Total OI	8,916.522	6,996	11,075	9,199	8,115

Daily Data (23 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
2014-10-01	$250.63	$220.00	23.6%	5.2%	9.5%	52.0%	0.0%	3.6%	-3.9%	3.4M	-24.2M	-177.3K	9.48	48.89	N/A	N/A	29	275	5,438	3,761
2014-10-02	$252.80	$220.00	24.2%	5.2%	9.7%	55.0%	16.7%	4.0%	-4.4%	3.7M	-32.4M	-180.7K	1.18	55.31	N/A	N/A	169	200	5,422	3,975
2014-10-03	$255.27	$220.00	22.6%	5.0%	9.7%	46.7%	20.5%	3.5%	-3.5%	4.3M	-45.7M	-179.0K	0.04	73.43	N/A	N/A	1,697	73	5,431	4,076
2014-10-06	$255.54	$240.00	24.8%	5.2%	9.6%	58.1%	0.0%	3.6%	-1.9%	5.1M	-55.4M	-206.6K	0.02	67.48	N/A	N/A	1,612	32	6,168	4,131
2014-10-07	$249.75	$240.00	27.9%	5.4%	12.5%	73.4%	19.1%	3.7%	-3.1%	3.0M	-26.2M	-211.1K	1.26	71.33	N/A	N/A	94	118	5,975	4,147
2014-10-08	$252.07	$240.00	27.8%	5.3%	12.9%	72.9%	20.4%	4.1%	-2.8%	1.4M	-18.8M	-194.2K	1.43	62.91	N/A	N/A	315	449	4,991	4,197
2014-10-09	$246.50	$240.00	29.3%	5.5%	15.3%	80.4%	21.4%	1.6%	-2.3%	-77.2K	-850.3K	-188.4K	1.56	65.53	N/A	N/A	265	414	5,098	4,199
2014-10-10	$242.57	$240.00	31.3%	6.0%	16.0%	100.0%	21.8%	5.5%	-2.7%	-933.1K	12.9M	-182.8K	0.35	58.67	N/A	N/A	644	228	5,100	4,287
2014-10-13	$234.20	$240.00	46.8%	6.5%	20.0%	100.0%	23.3%	2.2%	-1.7%	-1.7M	32.5M	-167.2K	1.12	66.16	N/A	N/A	196	220	5,582	4,292
2014-10-14	$238.46	$210.00	42.4%	6.3%	21.4%	86.8%	25.1%	7.8%	-1.9%	-1.7M	24.2M	-173.9K	0.90	67.98	N/A	N/A	333	300	5,685	4,288
2014-10-15	$239.68	$210.00	44.9%	6.3%	21.3%	94.2%	24.8%	7.6%	-3.4%	-1.5M	18.9M	-179.2K	7.06	66.66	N/A	N/A	494	3,486	5,662	4,323
2014-10-16	$229.72	$210.00	24.3%	6.5%	25.0%	33.0%	0.0%	1.5%	-1.5%	-3.2M	49.6M	-181.1K	3.18	64.17	N/A	N/A	503	1,601	5,576	4,622
2014-10-17	$231.90	$210.00	22.1%	6.3%	25.4%	26.6%	21.1%	3.2%	-1.8%	-4.6M	45.9M	-198.3K	1.85	52.83	N/A	N/A	552	1,020	5,730	5,345
2014-10-20	$230.51	$210.00	20.7%	6.3%	25.4%	22.2%	24.3%	3.2%	1.5%	-1.3M	32.2M	-207.1K	1.39	62.40	N/A	N/A	587	814	3,327	3,669
2014-10-21	$234.18	$210.00	20.3%	6.1%	26.3%	21.0%	23.7%	4.4%	0.3%	-1.4M	29.1M	-226.4K	1.27	58.32	N/A	N/A	404	513	3,566	3,999
2014-10-22	$231.55	$210.00	19.2%	5.9%	26.3%	17.8%	23.4%	2.6%	0.6%	-1.5M	30.5M	-219.1K	1.00	58.71	N/A	N/A	381	382	3,677	4,041
2014-10-23	$235.17	$210.00	18.3%	5.7%	27.1%	15.2%	23.2%	3.9%	0.5%	-1.3M	25.8M	-229.6K	0.92	72.04	N/A	N/A	423	390	3,724	4,086
2014-10-24	$237.83	$210.00	17.4%	5.7%	27.4%	12.5%	23.5%	4.0%	0.5%	-920.7K	20.0M	-230.2K	1.16	65.17	N/A	N/A	382	442	3,708	4,053
2014-10-27	$238.42	$210.00	17.7%	5.7%	27.4%	13.5%	0.0%	2.4%	-0.1%	-1.0M	21.0M	-222.7K	3.16	78.68	N/A	N/A	25	79	3,713	4,100
2014-10-28	$242.63	$210.00	16.9%	5.5%	28.3%	11.1%	0.0%	4.2%	0.4%	-449.3K	9.5M	-228.6K	1.27	74.42	N/A	N/A	114	145	3,720	4,107
2014-10-29	$242.24	$210.00	17.2%	5.5%	28.3%	11.7%	22.3%	3.5%	0.5%	-514.3K	13.4M	-224.6K	1.18	77.51	N/A	N/A	363	429	3,748	4,189
2014-10-30	$243.74	$210.00	17.3%	5.4%	28.2%	12.0%	23.3%	3.5%	0.1%	-439.1K	7.7M	-237.9K	1.09	67.98	N/A	N/A	368	401	3,748	4,289
2014-10-31	$246.88	$210.00	16.2%	5.3%	28.4%	8.9%	22.6%	3.0%	0.5%	151.2K	-2.4M	-233.3K	0.67	52.35	N/A	N/A	394	265	3,788	4,327