GWW Options History — December 2017

In December 2017, GWW traded between $218.49 and $238.09. ATM implied volatility averaged 28.7%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 1.8% (HV 20d: 26.9%). Max pain ranged from $200.00 to $210.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.98.

Notable Days

  • 2017-12-04: Highest Volume — 10,511 contracts
  • 2017-12-26: Largest IV spike — 25.4% change
  • 2017-12-27: Highest IV Rank — 44.5%
  • 2017-12-06: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$228.37$218.49$238.09$218.49$236.14
Max Pain$209.00$200.00$210.00$200.00$210.00
ATM IV28.7%24.9%36.7%26.3%36.3%
Expected Move7.7%7.1%8.5%8.0%7.6%
HV 20d26.9%22.5%30.6%26.6%22.5%
HV 60d36.0%34.9%36.3%34.9%36.2%
IV Rank26.2%17.6%44.5%20.8%43.6%
IV Percentile75.4%61.5%92.9%72.6%91.7%
Term Structure2.1%-1.7%9.0%-0.9%-1.5%
VWIV28.0%24.7%32.3%26.9%25.9%
Skew 25d3.8%1.9%6.2%4.7%4.5%
Skew 10d8.2%2.9%12.4%9.2%10.1%
Call IV 25d27.1%23.3%36.1%24.2%34.8%
Put IV 25d31.0%26.8%39.4%28.9%39.4%
Bid-Ask Spread %19.249.9831.8731.8715.80
Gamma HHI0.210.140.480.200.14
Net GEX9.9M2.1M13.7M9.8M2.1M
Net DEX-234.8M-329.8M-189.6M-329.8M-254.2M
Net VEX-838.1K-988.7K-725.8K-911.5K-725.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.421.710.540.88
Total Volume6,580.13,36710,5119,4825,014
Total OI43,219.634,85553,27653,27637,535

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-12-01$218.49$200.0026.3%8.0%26.6%20.8%26.9%4.7%-0.9%9.8M-329.8M-911.5K0.5431.87N/AN/A6,1473,33527,68925,587
2017-12-04$227.11$200.0025.8%7.8%29.2%19.6%28.6%4.1%1.8%8.1M-264.7M-851.0K0.5217.28N/AN/A6,9103,60118,42725,569
2017-12-05$226.52$210.0029.4%8.4%28.9%27.9%30.8%6.2%0.2%10.0M-259.0M-967.7K0.4231.66N/AN/A6,3312,67821,41426,626
2017-12-06$221.47$210.0029.0%8.5%30.6%27.0%32.3%2.9%1.4%10.2M-204.8M-988.7K0.5822.76N/AN/A6,4903,78221,40327,231
2017-12-07$222.06$210.0027.6%8.2%30.4%23.9%31.4%3.5%1.4%10.5M-210.6M-955.8K0.6618.37N/AN/A6,0523,98321,07228,552
2017-12-08$223.70$210.0027.3%8.0%30.2%23.2%30.9%3.0%0.7%10.5M-224.7M-913.8K0.9118.09N/AN/A4,5774,18120,78328,460
2017-12-11$223.50$210.0027.4%7.9%29.5%23.4%30.3%4.4%0.6%10.9M-217.4M-875.0K0.7320.07N/AN/A4,1613,03720,15627,964
2017-12-12$222.26$210.0027.1%7.9%24.9%22.6%28.4%4.5%0.5%11.4M-203.8M-879.9K0.7026.62N/AN/A4,2913,02120,19628,441
2017-12-13$224.26$210.0026.5%7.7%24.7%21.4%30.0%3.8%0.8%11.7M-228.1M-860.8K0.7624.84N/AN/A4,1973,19120,29628,387
2017-12-14$222.55$210.0026.5%7.5%25.1%21.3%25.7%4.7%-0.4%12.6M-217.6M-833.4K0.6427.14N/AN/A4,1252,63920,32828,186
2017-12-15$229.83$210.0025.5%7.2%26.6%19.1%26.3%4.1%-0.4%9.2M-201.2M-777.1K0.8921.49N/AN/A4,4183,92920,43228,249
2017-12-18$229.76$210.0024.9%7.1%26.5%17.6%27.1%3.4%8.0%8.8M-202.3M-791.7K1.209.98N/AN/A1,7862,14416,13518,720
2017-12-19$228.55$210.0025.7%7.4%26.9%19.5%28.3%3.6%9.0%8.8M-189.6M-808.2K1.2811.17N/AN/A1,8052,31716,31818,945
2017-12-20$230.86$210.0025.6%7.3%26.8%19.2%28.0%3.6%7.6%8.9M-210.8M-780.8K1.4311.46N/AN/A1,8472,63716,46019,374
2017-12-21$234.81$210.0026.6%7.1%27.0%21.6%24.7%3.6%8.4%9.0M-245.3M-781.7K1.6414.61N/AN/A1,7302,82916,59419,656
2017-12-22$234.65$210.0027.9%7.1%27.0%24.4%25.2%3.5%8.7%10.9M-250.0M-805.4K1.7112.31N/AN/A1,4702,51817,82719,816
2017-12-26$235.93$210.0034.9%7.6%26.9%40.5%26.7%2.4%-0.3%9.9M-252.7M-765.0K1.5915.03N/AN/A1,3202,09717,47219,634
2017-12-27$236.88$210.0036.7%7.5%24.3%44.5%27.0%1.9%-1.5%10.7M-260.9M-756.4K1.2819.26N/AN/A1,4771,89017,53219,732
2017-12-28$238.09$210.0036.3%7.4%22.8%43.6%26.3%3.9%-1.7%13.7M-268.5M-731.6K1.2914.90N/AN/A1,5902,05517,47719,717
2017-12-29$236.14$210.0036.3%7.6%22.5%43.6%25.9%4.5%-1.5%2.1M-254.2M-725.8K0.8815.80N/AN/A2,6622,35217,59919,936