GWW Options History — February 2017

In February 2017, GWW traded between $247.83 and $258.05. ATM implied volatility averaged 19.0%, placing in the 12.0% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 5.8% (HV 20d: 13.2%). Max pain ranged from $240.00 to $250.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 3.84.

Notable Days

  • 2017-02-10: Highest Volume — 5,463 contracts
  • 2017-02-06: Largest IV spike — 9.5% change
  • 2017-02-01: Highest IV Rank — 20.2%
  • 2017-02-01: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$253.22$247.83$258.05$254.22$247.83
Max Pain$249.47$240.00$250.00$240.00$250.00
ATM IV19.0%17.1%21.3%21.3%19.4%
Expected Move5.4%4.9%6.1%6.1%5.6%
HV 20d13.2%11.1%16.0%15.5%14.3%
HV 60d16.3%14.5%19.1%18.9%15.2%
IV Rank12.0%3.0%20.2%20.2%17.0%
IV Percentile18.8%1.6%40.5%40.5%30.2%
Term Structure1.7%-1.3%2.9%-1.3%1.9%
VWIV18.9%17.4%20.6%19.4%19.9%
Skew 25d2.4%1.6%4.0%4.0%1.8%
Skew 10d5.4%2.1%6.9%6.4%4.6%
Call IV 25d17.9%16.4%19.2%18.3%19.2%
Put IV 25d20.4%18.8%22.3%22.3%21.0%
Bid-Ask Spread %87.4681.5391.5191.5185.02
Gamma HHI0.150.130.170.140.16
Net GEX-1.0M-2.7M2.6K-1.4M-2.7M
Net DEX-218.5K-11.0M19.8M848.3K19.8M
Net VEX-306.8K-356.7K-279.6K-316.7K-353.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.840.9512.424.913.26
Total Volume1,920.1587745,4631,2882,381
Total OI12,52410,27014,98711,03614,987

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-02-01$254.22$240.0021.3%6.1%15.5%20.2%19.4%4.0%-1.3%-1.4M848.3K-316.7K4.9191.51N/AN/A2181,0702,1808,856
2017-02-02$251.90$250.0020.1%5.7%16.0%15.1%20.6%3.0%1.2%-1.7M3.6M-316.2K5.7581.53N/AN/A1871,0762,2108,854
2017-02-03$251.49$250.0019.2%5.6%14.2%11.1%19.8%2.1%1.4%-1.6M2.1M-311.7K11.1982.37N/AN/A1852,0702,2318,874
2017-02-06$253.53$250.0021.0%5.8%14.1%19.0%20.1%3.5%1.0%-660.5K-3.3M-292.0K12.4286.29N/AN/A1652,0492,2238,048
2017-02-07$253.56$250.0020.4%5.6%13.6%16.3%19.4%1.8%1.7%-523.6K-4.9M-288.7K9.7385.07N/AN/A2112,0542,2258,045
2017-02-08$254.23$250.0019.3%5.5%13.6%11.7%19.9%2.7%1.6%-399.3K-5.0M-291.0K3.2486.12N/AN/A4991,6162,2568,051
2017-02-09$252.89$250.0019.3%5.5%12.4%14.1%19.0%1.8%1.3%-334.4K-5.1M-291.5K2.8585.93N/AN/A5491,5632,2818,078
2017-02-10$254.86$250.0018.9%5.4%12.5%11.9%18.2%2.8%1.5%-151.7K-7.8M-291.4K0.9885.43N/AN/A2,7562,7072,3078,091
2017-02-13$255.03$250.0018.3%5.2%12.5%10.0%18.0%2.4%1.7%2.6K-11.0M-292.1K3.2988.31N/AN/A4791,5774,3739,108
2017-02-14$253.45$250.0018.4%5.3%12.5%10.8%17.9%3.2%1.8%-374.5K-6.3M-292.1K3.3889.84N/AN/A5221,7634,3769,109
2017-02-15$253.08$250.0018.4%5.3%11.2%10.9%17.9%2.0%1.9%-460.5K-6.2M-291.1K1.5787.13N/AN/A5368394,3999,250
2017-02-16$254.82$250.0018.2%5.2%11.3%9.5%17.4%2.4%2.1%-736.0K-7.2M-289.4K1.5587.78N/AN/A5418404,4119,292
2017-02-17$254.80$250.0017.8%5.1%11.1%7.1%17.7%2.4%2.4%-1.1M-6.9M-295.9K1.2988.16N/AN/A9451,2194,4829,307
2017-02-21$258.05$250.0017.1%4.9%11.8%3.0%19.4%3.0%2.6%-581.9K-3.6M-281.7K1.4589.68N/AN/A3244704,0798,505
2017-02-22$257.30$250.0017.2%4.9%11.1%3.1%18.2%1.9%2.9%-642.0K-4.7M-279.6K0.9590.86N/AN/A1,3431,2824,2578,520
2017-02-23$249.70$250.0018.8%5.4%15.1%12.8%18.9%1.6%2.3%-1.8M13.2M-356.7K1.7290.20N/AN/A3235545,2909,502
2017-02-24$250.04$250.0018.4%5.3%14.1%10.6%18.6%2.2%2.8%-2.1M14.5M-353.5K1.7288.98N/AN/A2854895,3329,603
2017-02-27$250.33$250.0019.0%5.4%14.1%14.2%19.4%1.6%1.9%-2.1M14.0M-343.5K1.6391.48N/AN/A3034935,3339,631
2017-02-28$247.83$250.0019.4%5.6%14.3%17.0%19.9%1.8%1.9%-2.7M19.8M-353.8K3.2685.02N/AN/A5591,8225,3519,636