GWW Options History — April 2018

In April 2018, GWW traded between $276.35 and $298.95. ATM implied volatility averaged 37.5%, placing in the 45.1% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 4.5% (HV 20d: 33.0%). Max pain ranged from $230.00 to $280.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.28.

Notable Days

  • 2018-04-19: Highest Volume — 8,806 contracts
  • 2018-04-19: Largest IV drop — 31.6% change
  • 2018-04-09: Highest IV Rank — 65.2%
  • 2018-04-04: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$284.57$276.35$298.95$276.35$282.48
Max Pain$272.86$230.00$280.00$230.00$280.00
ATM IV37.5%26.7%46.2%43.7%28.5%
Expected Move10.9%7.6%15.4%14.8%8.5%
HV 20d33.0%27.9%38.8%27.9%36.7%
HV 60d41.2%30.0%47.4%45.8%30.0%
IV Rank45.1%19.9%65.2%59.6%24.0%
IV Percentile77.5%43.7%97.2%96.8%48.0%
Term Structure-1.8%-4.8%0.4%-2.4%-0.4%
VWIV38.1%26.4%55.8%52.2%28.8%
Skew 25d5.1%3.0%7.2%5.7%4.1%
Skew 10d9.9%6.8%13.1%12.3%9.0%
Call IV 25d35.3%25.5%44.1%40.2%26.7%
Put IV 25d40.4%29.5%49.9%45.9%30.8%
Bid-Ask Spread %28.1214.6341.3017.0517.54
Gamma HHI0.090.060.250.070.07
Net GEX2.3M-2.5M11.2M1.3M-1.5M
Net DEX-78.4M-181.6M26.1M-80.2M-1.1M
Net VEX-745.3K-779.6K-654.7K-750.7K-763.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.280.811.911.911.19
Total Volume5,617.5244,5418,8066,0474,899
Total OI27,645.66719,70937,23626,26820,657

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$276.35$230.0043.7%14.8%27.9%59.6%52.2%5.7%-2.4%1.3M-80.2M-750.7K1.9117.05N/AN/A2,0813,9669,13117,137
2018-04-03$283.50$230.0042.6%14.7%28.6%57.0%53.2%6.6%-2.6%2.6M-107.3M-737.4K1.4518.46N/AN/A1,9242,7919,46517,355
2018-04-04$288.76$230.0043.6%15.4%28.0%59.3%55.8%7.1%-2.4%3.3M-127.0M-741.0K1.3614.63N/AN/A2,1162,8709,59217,773
2018-04-05$293.60$280.0043.5%11.4%27.9%58.9%40.2%7.2%-2.2%4.1M-150.2M-734.3K1.2631.18N/AN/A2,2592,84910,08118,005
2018-04-06$287.24$280.0045.5%11.8%29.3%63.6%41.5%5.8%-2.6%5.5M-123.0M-779.6K1.2224.58N/AN/A2,0982,56610,38718,310
2018-04-09$286.86$280.0046.2%12.3%28.4%65.2%44.3%6.7%-1.9%2.7M-116.1M-762.9K1.3024.98N/AN/A1,9712,57010,09818,293
2018-04-10$292.27$280.0044.7%12.0%29.0%61.7%44.8%5.6%-2.5%3.2M-137.5M-747.1K1.3931.39N/AN/A1,9832,75910,31018,518
2018-04-11$279.27$280.0046.1%11.8%33.3%65.0%42.8%6.0%-4.8%2.2M-87.7M-755.3K1.2939.57N/AN/A2,7423,54010,55718,774
2018-04-12$283.93$280.0042.0%11.5%33.6%55.5%39.7%5.0%-2.2%4.7M-109.1M-767.2K1.4741.30N/AN/A2,2703,34111,41519,692
2018-04-13$280.04$280.0043.2%11.8%33.9%58.3%40.3%6.0%-3.6%2.9M-83.6M-777.5K1.3935.60N/AN/A2,4633,41711,85220,219
2018-04-16$284.08$280.0040.8%11.5%32.7%52.8%39.3%5.7%-2.8%2.3M-98.2M-753.2K1.2237.60N/AN/A2,2402,72511,08820,175
2018-04-17$283.25$280.0039.6%11.2%32.6%49.8%39.0%4.6%-2.3%2.2M-95.2M-755.5K1.1240.91N/AN/A2,2942,56611,28520,549
2018-04-18$285.71$280.0039.1%11.2%32.7%48.7%39.7%5.5%-1.9%2.7M-108.6M-735.0K1.1434.08N/AN/A2,9203,32111,43620,551
2018-04-19$298.95$280.0026.7%7.6%36.5%19.9%27.3%3.9%0.4%11.2M-181.6M-654.7K0.8135.54N/AN/A4,8633,94312,56321,740
2018-04-20$287.64$280.0027.8%8.0%38.8%22.4%29.1%4.1%-0.5%6.5M-82.7M-714.4K1.0330.10N/AN/A3,4943,59714,44122,795
2018-04-23$285.98$280.0027.8%8.0%36.3%22.4%27.5%3.0%-0.5%-1.0M-21.6M-710.4K1.3116.03N/AN/A2,2682,9736,88912,820
2018-04-24$277.86$280.0029.4%8.6%37.2%26.1%30.0%3.1%-0.8%-2.3M20.1M-751.5K1.5525.99N/AN/A1,9813,0807,28114,050
2018-04-25$277.06$280.0030.5%9.1%36.8%28.7%29.6%3.8%-1.0%-2.3M25.0M-760.3K1.1821.97N/AN/A2,4712,9267,46014,432
2018-04-26$276.61$280.0029.6%8.8%36.3%26.7%29.4%3.8%-1.2%-2.5M26.1M-754.5K0.9419.08N/AN/A3,2393,0436,91714,472
2018-04-27$284.52$280.0027.2%7.8%37.4%21.0%26.4%4.3%-0.6%-432.7K-6.4M-744.7K1.2732.94N/AN/A2,8803,6697,31114,683
2018-04-30$282.48$280.0028.5%8.5%36.7%24.0%28.8%4.1%-0.4%-1.5M-1.1M-763.3K1.1917.54N/AN/A2,2412,6586,64714,010