GWW Options History — March 2018

In March 2018, GWW traded between $255.59 and $289.26. ATM implied volatility averaged 33.4%, placing in the 35.5% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 7.8% (HV 20d: 25.6%). Max pain ranged from $210.00 to $270.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.05.

Notable Days

  • 2018-03-09: Highest Volume — 6,980 contracts
  • 2018-03-19: Largest IV spike — 25.4% change
  • 2018-03-23: Highest IV Rank — 56.4%
  • 2018-03-27: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$275.76$255.59$289.26$256.14$281.91
Max Pain$223.33$210.00$270.00$270.00$230.00
ATM IV33.4%24.6%42.4%32.1%39.2%
Expected Move11.0%9.3%12.8%9.7%12.4%
HV 20d25.6%23.1%28.5%25.4%26.6%
HV 60d44.6%44.1%45.6%44.7%45.6%
IV Rank35.5%15.0%56.4%32.5%49.0%
IV Percentile73.8%37.7%96.8%76.2%93.3%
Term Structure1.6%-2.6%11.5%-0.8%-0.7%
VWIV38.4%31.1%46.0%31.9%43.7%
Skew 25d4.5%3.3%6.3%4.1%4.7%
Skew 10d9.5%6.0%12.3%9.9%10.8%
Call IV 25d31.5%22.9%40.9%31.0%38.0%
Put IV 25d36.1%26.7%46.4%35.1%42.7%
Bid-Ask Spread %19.5811.9231.0131.0117.48
Gamma HHI0.140.080.440.150.09
Net GEX3.7M-730.4K24.5M-325.8K2.4M
Net DEX-102.3M-197.3M9.1M-554.0K-105.6M
Net VEX-769.1K-871.4K-721.5K-871.4K-734.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.561.950.951.16
Total Volume4,573.7143,7236,9804,7934,763
Total OI29,536.90525,31732,62232,34127,169

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-03-01$256.14$270.0032.1%9.7%25.4%32.5%31.9%4.1%-0.8%-325.8K-554.0K-871.4K0.9531.01N/AN/A2,4532,34012,54719,794
2018-03-02$255.59$270.0031.1%9.3%25.0%30.1%31.1%6.3%-0.9%-730.4K9.1M-854.9K0.9821.03N/AN/A2,4762,42012,80719,815
2018-03-05$259.97$210.0030.2%10.6%24.4%27.9%39.0%3.3%1.0%301.6K-24.3M-829.9K0.8522.00N/AN/A2,3852,03011,11619,477
2018-03-06$266.80$210.0029.6%10.3%25.5%26.7%35.7%3.5%0.3%2.6M-66.3M-822.0K0.6923.88N/AN/A3,1782,18510,89219,541
2018-03-07$271.39$210.0028.4%10.3%25.8%23.8%35.5%5.3%0.1%5.2M-99.5M-822.0K1.0223.35N/AN/A2,0162,05111,96219,680
2018-03-08$274.06$210.0026.4%9.8%25.9%19.2%34.0%4.8%-0.2%7.0M-123.4M-792.2K0.9628.29N/AN/A2,2022,11112,01519,678
2018-03-09$280.10$210.0024.6%9.7%26.6%15.0%32.6%3.8%0.2%24.5M-171.9M-740.1K0.5620.94N/AN/A4,4772,50312,27219,797
2018-03-12$280.12$210.0025.2%10.1%24.9%16.4%35.3%3.4%9.9%5.4M-150.3M-754.4K1.0116.86N/AN/A2,1052,12612,26119,783
2018-03-13$276.77$210.0026.6%10.1%25.3%19.6%35.8%4.2%8.5%5.6M-129.0M-770.8K1.1123.59N/AN/A1,9332,13812,59619,957
2018-03-14$280.01$220.0026.8%10.7%25.5%20.1%37.3%3.3%10.5%4.8M-151.9M-751.2K0.8218.71N/AN/A2,2631,86212,48619,982
2018-03-15$281.21$220.0029.0%10.6%23.1%25.3%38.1%4.3%9.5%3.1M-158.5M-741.2K0.7719.34N/AN/A2,3131,78212,39220,019
2018-03-16$289.26$220.0029.5%10.5%24.3%26.3%36.7%3.7%11.5%2.8M-197.3M-721.5K0.7016.93N/AN/A2,6671,87212,27920,062
2018-03-19$286.64$220.0037.0%11.3%24.4%43.8%39.9%5.2%-1.1%2.9M-123.7M-726.7K1.0415.03N/AN/A1,9121,9868,72916,588
2018-03-20$285.68$220.0038.7%11.4%23.8%47.9%41.0%5.4%-1.7%2.8M-120.9M-732.0K1.1811.92N/AN/A1,7502,0578,88916,861
2018-03-21$285.37$220.0039.8%11.4%23.5%50.4%40.6%4.9%-2.5%2.8M-120.9M-730.7K1.1412.29N/AN/A1,7391,9849,00217,033
2018-03-22$280.96$220.0040.9%11.8%24.5%53.0%41.1%4.8%-2.6%2.2M-104.1M-732.0K1.0619.51N/AN/A1,9542,0729,00817,062
2018-03-23$270.86$220.0042.4%12.4%28.1%56.4%43.4%5.6%-2.5%1.6M-69.9M-751.3K1.9526.52N/AN/A2,2204,3269,30517,174
2018-03-26$276.93$230.0040.9%12.3%28.5%53.0%43.6%4.8%-1.7%1.1M-83.1M-757.8K1.3712.64N/AN/A1,8682,5578,98917,608
2018-03-27$273.16$230.0042.3%12.8%27.9%56.2%44.5%4.9%-2.2%-10.7K-68.5M-765.4K1.3715.36N/AN/A1,8922,5968,97817,820
2018-03-28$277.96$230.0041.1%12.7%28.0%53.3%46.0%4.9%-1.7%1.5M-87.4M-748.7K1.3814.50N/AN/A1,8872,5978,95317,897
2018-03-29$281.91$230.0039.2%12.4%26.6%49.0%43.7%4.7%-0.7%2.4M-105.6M-734.7K1.1617.48N/AN/A2,2052,5589,21517,954