GWW Options History — February 2018

In February 2018, GWW traded between $256.37 and $271.92. ATM implied volatility averaged 32.3%, placing in the 34.2% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 27.4% (HV 20d: 59.7%). Max pain ranged from $270.00 to $280.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 1.21.

Notable Days

  • 2018-02-13: Highest Volume — 7,707 contracts
  • 2018-02-07: Largest IV drop — 11.3% change
  • 2018-02-06: Highest IV Rank — 44.9%
  • 2018-02-13: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$264.60$256.37$271.92$266.15$261.88
Max Pain$273.68$270.00$280.00$280.00$270.00
ATM IV32.3%29.3%36.8%29.5%29.3%
Expected Move9.3%8.2%10.4%8.3%8.7%
HV 20d59.7%25.4%72.0%70.9%25.5%
HV 60d44.8%44.3%45.2%44.8%44.6%
IV Rank34.2%26.0%44.9%28.2%26.0%
IV Percentile76.7%64.3%90.9%71.8%64.3%
Term Structure-0.7%-2.2%0.4%-0.3%-0.5%
VWIV33.0%29.4%39.7%29.7%29.4%
Skew 25d5.0%2.1%9.6%2.1%4.2%
Skew 10d11.3%5.3%22.8%5.3%9.3%
Call IV 25d30.3%27.4%35.4%28.9%27.9%
Put IV 25d35.3%31.0%41.7%31.0%32.1%
Bid-Ask Spread %36.0220.9959.0727.0338.06
Gamma HHI0.110.060.180.060.16
Net GEX1.2M-3.4M6.6M-3.1M2.6M
Net DEX-53.8M-117.5M6.4M-35.8M-35.1M
Net VEX-905.1K-957.5K-843.3K-867.3K-843.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.511.951.231.02
Total Volume5,232.5794,2397,7076,2704,752
Total OI32,979.26330,49537,53732,15531,790

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-02-01$266.15$280.0029.5%8.3%70.9%28.2%29.7%2.1%-0.3%-3.1M-35.8M-867.3K1.2327.03N/AN/A2,8073,46310,18521,970
2018-02-02$259.77$280.0030.4%8.6%71.7%30.2%32.1%3.0%-0.8%-3.3M2.7M-882.8K1.3820.99N/AN/A2,4723,4219,79222,096
2018-02-05$256.37$280.0033.8%9.4%71.9%38.0%35.6%3.5%-1.4%-3.4M6.4M-884.5K1.0059.07N/AN/A2,3902,3929,39721,098
2018-02-06$259.82$280.0036.8%10.3%72.0%44.9%39.7%3.8%-0.8%-2.9M-6.2M-918.3K0.8538.18N/AN/A3,4512,9219,63421,317
2018-02-07$261.32$280.0032.7%9.3%71.9%35.4%34.8%4.0%-0.3%-2.0M-21.7M-922.1K1.0533.09N/AN/A2,4612,58111,08421,756
2018-02-08$259.92$280.0035.9%10.4%71.2%42.7%38.7%4.8%0.4%-2.3M-16.1M-931.3K1.0444.65N/AN/A2,5712,66511,28521,843
2018-02-09$267.47$280.0035.1%9.8%71.4%41.0%33.2%9.6%-1.2%2.0M-55.7M-926.1K0.5951.06N/AN/A4,3892,56911,44122,053
2018-02-12$269.65$270.0032.4%9.2%71.2%34.8%31.8%7.0%-0.3%1.0M-86.0M-901.6K0.9552.82N/AN/A2,3912,26812,49421,584
2018-02-13$271.92$270.0035.9%10.4%70.7%42.6%36.2%6.2%-2.2%1.8M-101.9M-909.4K0.5139.85N/AN/A5,1132,59412,67621,643
2018-02-14$264.63$270.0033.8%9.7%70.6%38.0%32.6%5.8%-1.4%1.1M-79.8M-956.3K0.8547.65N/AN/A3,0092,57115,12322,025
2018-02-15$269.32$270.0032.5%9.3%70.6%34.9%32.8%5.7%-0.7%2.9M-117.5M-957.5K1.0837.16N/AN/A2,1632,32615,42622,111
2018-02-16$267.39$270.0030.8%8.8%70.8%31.0%31.9%5.7%0.1%6.6M-105.5M-932.2K1.5036.71N/AN/A2,1833,27115,32022,187
2018-02-20$264.04$270.0031.4%9.4%71.2%32.5%32.9%5.1%-0.5%3.2M-56.7M-927.0K1.5633.32N/AN/A1,7182,68112,16919,222
2018-02-21$261.91$270.0031.8%9.2%71.3%33.3%32.0%4.2%-0.5%2.8M-49.6M-909.7K1.8130.49N/AN/A1,5732,84712,20619,272
2018-02-22$263.80$270.0031.1%8.9%32.3%31.8%30.9%5.7%-0.2%3.1M-51.8M-913.9K1.9522.56N/AN/A1,5493,01912,21719,478
2018-02-23$266.11$270.0030.4%8.6%26.6%28.4%30.6%4.7%-1.8%3.8M-63.5M-893.5K1.7922.14N/AN/A1,5282,73112,20619,708
2018-02-26$270.76$270.0029.9%8.2%27.6%27.3%29.8%4.8%-1.0%5.5M-90.5M-856.0K1.4723.31N/AN/A1,7132,52611,67719,541
2018-02-27$265.23$270.0030.8%9.2%25.4%29.4%31.8%4.8%-0.1%4.1M-58.4M-863.3K1.3826.26N/AN/A1,8202,52011,94919,631
2018-02-28$261.88$270.0029.3%8.7%25.5%26.0%29.4%4.2%-0.5%2.6M-35.1M-843.3K1.0238.06N/AN/A2,3512,40112,04119,749