GWW Options History — April 2017

In April 2017, GWW traded between $192.45 and $232.06. ATM implied volatility averaged 23.5%, placing in the 41.4% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded below realized volatility by 3.6% (HV 20d: 27.1%). Max pain ranged from $230.00 to $240.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.84.

Notable Days

  • 2017-04-18: Highest Volume — 10,616 contracts
  • 2017-04-12: Largest IV drop — 20.4% change
  • 2017-04-11: Highest IV Rank — 87.3%
  • 2017-04-05: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$212.23$192.45$232.06$231.40$192.58
Max Pain$235.79$230.00$240.00$240.00$230.00
ATM IV23.5%18.7%31.1%25.3%18.7%
Expected Move6.5%5.4%7.3%7.2%5.4%
HV 20d27.1%11.5%43.0%14.9%42.8%
HV 60d21.9%15.6%28.8%16.2%28.3%
IV Rank41.4%12.4%87.3%52.2%12.4%
IV Percentile67.8%19.4%99.2%91.7%19.4%
Term Structure-1.5%-3.6%1.7%-1.8%-0.7%
VWIV22.6%19.1%26.1%25.4%19.4%
Skew 25d2.8%1.5%4.1%2.5%2.6%
Skew 10d5.5%-0.1%9.2%5.9%3.7%
Call IV 25d21.6%18.4%24.7%24.6%18.6%
Put IV 25d24.4%20.4%27.6%27.1%21.2%
Bid-Ask Spread %73.0261.1387.5377.0177.41
Gamma HHI0.220.160.260.160.26
Net GEX-9.8M-13.1M-7.2M-10.3M-7.7M
Net DEX181.3M109.9M328.2M113.1M177.6M
Net VEX-587.3K-668.0K-489.5K-668.0K-497.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.351.230.861.21
Total Volume4,531.1052,62510,6163,5284,480
Total OI30,904.10524,10539,10829,42024,956

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-04-03$231.40$240.0025.3%7.2%14.9%52.2%25.4%2.5%-1.8%-10.3M113.1M-668.0K0.8677.01N/AN/A1,8951,63311,06318,357
2017-04-04$230.73$240.0024.6%7.1%14.8%48.4%25.1%3.1%-3.6%-11.0M118.5M-653.4K1.0287.53N/AN/A1,8391,88311,10718,377
2017-04-05$232.06$240.0025.5%7.3%15.1%53.5%26.0%2.7%-2.7%-10.4M109.9M-639.4K0.8281.05N/AN/A2,2961,88011,13118,392
2017-04-06$230.06$240.0026.3%6.6%12.4%58.7%21.1%3.5%-1.7%-10.2M116.4M-643.1K0.6361.13N/AN/A2,5681,63011,68418,293
2017-04-07$229.10$240.0026.3%6.6%12.2%58.2%22.1%3.2%-2.0%-11.5M127.2M-656.8K0.4461.27N/AN/A1,82879712,42919,404
2017-04-10$229.39$240.0028.0%6.7%11.6%69.0%22.9%3.1%-2.3%-11.7M126.1M-642.4K0.4863.58N/AN/A1,85690012,44119,523
2017-04-11$229.40$240.0031.1%7.1%11.5%87.3%24.1%3.7%-3.5%-11.5M127.9M-654.7K0.3562.40N/AN/A2,31581612,51019,723
2017-04-12$223.82$240.0024.7%7.1%12.3%48.9%24.0%3.4%-2.8%-13.1M166.2M-645.1K0.5965.36N/AN/A2,3761,39612,45919,836
2017-04-13$222.10$240.0024.4%7.0%12.2%47.1%23.5%1.6%-2.7%-12.9M175.5M-642.2K0.4565.77N/AN/A1,97488513,03319,988
2017-04-17$222.43$240.0024.7%7.1%12.4%48.9%24.4%2.5%-2.8%-12.7M172.9M-621.2K0.4780.10N/AN/A1,87387513,17720,061
2017-04-18$197.31$240.0024.9%7.1%42.8%49.9%26.1%2.0%-2.3%-7.2M303.7M-519.0K1.1576.66N/AN/A4,9295,68714,26820,752
2017-04-19$196.37$230.0020.7%5.9%42.8%24.6%21.5%2.8%1.7%-8.7M328.2M-546.3K0.7073.82N/AN/A4,1942,91915,75623,352
2017-04-20$196.77$230.0021.0%6.0%42.8%26.3%21.3%3.7%0.7%-8.0M293.0M-563.5K0.9673.02N/AN/A3,1603,01916,28522,007
2017-04-21$195.97$230.0021.3%6.1%42.7%28.0%21.3%3.5%0.4%-7.8M296.7M-559.5K0.9177.38N/AN/A3,1082,84216,48022,451
2017-04-24$192.45$230.0020.4%5.9%42.7%23.0%20.6%4.1%-1.4%-7.6M179.4M-489.5K1.1666.45N/AN/A2,1942,5459,11314,992
2017-04-25$193.37$230.0019.8%5.7%43.0%18.9%21.1%1.5%-0.3%-7.7M169.9M-503.9K1.2376.56N/AN/A2,0642,5339,34515,064
2017-04-26$194.15$230.0019.2%5.5%42.8%15.2%19.1%2.8%-0.9%-7.8M169.2M-507.4K1.2079.40N/AN/A1,9962,3949,42815,178
2017-04-27$192.99$230.0019.2%5.5%42.8%15.4%19.7%1.6%-0.5%-7.8M173.0M-506.1K1.2381.56N/AN/A2,0212,4919,47915,284
2017-04-28$192.58$230.0018.7%5.4%42.8%12.4%19.4%2.6%-0.7%-7.7M177.6M-497.4K1.2177.41N/AN/A2,0262,4549,52515,431