GWW Options History — January 2018

In January 2018, GWW traded between $225.30 and $287.50. ATM implied volatility averaged 34.3%, placing in the 39.1% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 1.3% (HV 20d: 33.1%). Max pain ranged from $210.00 to $260.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.33.

Notable Days

  • 2018-01-25: Highest Volume — 13,950 contracts
  • 2018-01-24: Largest IV drop — 25.1% change
  • 2018-01-16: Highest IV Rank — 49.0%
  • 2018-01-22: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$246.02$225.30$287.50$235.18$270.00
Max Pain$232.86$210.00$260.00$210.00$260.00
ATM IV34.3%26.5%38.6%36.2%29.3%
Expected Move9.6%7.3%11.2%7.6%9.0%
HV 20d33.1%15.0%70.5%21.8%70.5%
HV 60d34.5%23.5%44.6%36.2%44.6%
IV Rank39.1%21.3%49.0%43.3%27.8%
IV Percentile84.8%61.5%95.2%91.3%71.4%
Term Structure-1.3%-4.1%0.6%-1.0%0.6%
VWIV34.6%25.2%41.7%26.0%32.8%
Skew 25d3.9%1.2%6.5%4.4%2.1%
Skew 10d8.6%0.0%14.9%8.7%3.5%
Call IV 25d32.9%25.7%36.6%34.3%29.0%
Put IV 25d36.8%28.2%41.7%38.8%31.1%
Bid-Ask Spread %22.7015.9431.2020.4720.97
Gamma HHI0.110.060.440.110.06
Net GEX2.0M-3.2M8.4M3.1M-2.3M
Net DEX-91.1M-191.7M-10.8M-96.7M-55.9M
Net VEX-755.3K-870.3K-551.7K-729.7K-870.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.672.721.311.49
Total Volume5,648.7143,17213,9503,9535,660
Total OI32,521.28622,90638,10430,13031,960

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-01-02$235.18$210.0036.2%7.6%21.8%43.3%26.0%4.4%-1.0%3.1M-96.7M-729.7K1.3120.47N/AN/A1,7112,24210,56219,568
2018-01-03$234.48$210.0036.4%7.3%17.5%43.9%25.2%4.3%-1.1%2.9M-92.2M-729.8K1.2016.56N/AN/A2,0542,45510,71720,127
2018-01-04$236.23$230.0036.1%9.5%17.6%43.3%35.4%3.9%-0.8%3.8M-105.6M-724.6K1.4718.99N/AN/A2,1573,16211,18020,804
2018-01-05$238.14$230.0035.0%9.4%15.0%40.7%34.7%4.3%-0.3%4.6M-117.1M-760.3K1.1422.05N/AN/A1,9702,24811,61922,002
2018-01-08$238.43$230.0036.4%9.6%15.1%43.8%36.9%3.1%-3.2%4.6M-116.0M-753.1K1.2825.36N/AN/A2,1972,80811,68722,182
2018-01-09$237.36$230.0036.3%9.7%15.3%43.6%35.0%3.7%-2.1%5.4M-113.1M-780.6K1.4123.57N/AN/A1,6932,38312,21623,262
2018-01-10$231.71$230.0037.5%10.3%18.0%46.3%34.0%6.0%-1.3%2.2M-65.4M-802.3K0.8724.29N/AN/A2,5752,24612,26223,987
2018-01-11$237.60$230.0037.2%10.0%19.6%45.8%36.6%3.8%-2.3%5.5M-114.3M-797.5K1.1622.02N/AN/A1,8532,14312,79624,280
2018-01-12$235.55$230.0037.0%9.9%19.9%45.2%35.1%6.5%-4.1%2.9M-105.6M-785.1K0.6722.19N/AN/A2,4801,67112,96424,317
2018-01-16$232.05$230.0038.6%10.9%20.5%49.0%38.7%4.2%-3.1%1.1M-69.6M-774.1K1.2424.64N/AN/A1,7492,17512,25323,869
2018-01-17$225.30$230.0037.8%10.8%20.2%47.0%39.1%5.3%-1.8%-3.2M-20.0M-771.0K0.8619.89N/AN/A2,8702,46412,33024,358
2018-01-18$227.51$230.0037.1%10.7%20.6%45.5%41.7%4.8%-1.6%-1.2M-39.3M-772.5K0.9125.19N/AN/A2,0691,89013,36224,557
2018-01-19$229.88$230.0036.3%10.6%20.9%43.5%38.8%5.6%-2.0%8.4M-62.2M-759.7K0.9421.06N/AN/A2,4772,32313,40624,698
2018-01-22$229.86$230.0036.7%11.2%20.5%44.6%41.7%5.5%-0.5%-655.6K-10.8M-759.4K2.7215.94N/AN/A8522,3207,16515,741
2018-01-23$229.43$230.0035.8%10.9%19.5%42.4%40.0%3.8%-1.3%-806.3K-11.7M-764.1K2.7131.20N/AN/A1,5864,2917,34316,501
2018-01-24$273.85$230.0026.8%8.2%66.2%21.9%29.1%3.2%-0.4%1.8M-165.4M-551.7K1.1022.51N/AN/A4,3124,7578,12418,095
2018-01-25$287.50$240.0028.0%8.5%67.7%24.8%29.9%2.5%0.0%1.9M-191.7M-598.5K0.9130.88N/AN/A7,3086,6428,93319,847
2018-01-26$285.10$250.0026.5%8.0%68.0%21.3%29.2%1.3%0.1%1.8M-182.9M-736.1K1.3628.54N/AN/A3,5514,81411,22022,209
2018-01-29$274.74$250.0030.0%9.3%70.0%29.4%33.7%1.2%-1.0%-108.1K-88.2M-805.2K1.3824.01N/AN/A2,9964,1249,60920,156
2018-01-30$276.42$250.0029.8%9.1%69.7%28.9%33.1%2.4%-0.6%-334.2K-89.9M-835.2K1.7616.41N/AN/A2,6574,68810,02120,658
2018-01-31$270.00$260.0029.3%9.0%70.5%27.8%32.8%2.1%0.6%-2.3M-55.9M-870.3K1.4920.97N/AN/A2,2723,38810,10221,858