GWW Options History — May 2018

In May 2018, GWW traded between $279.00 and $314.08. ATM implied volatility averaged 24.9%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 4.2% (HV 20d: 29.0%). Max pain ranged from $280.00 to $300.00. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.04.

Notable Days

  • 2018-05-11: Highest Volume — 6,496 contracts
  • 2018-05-29: Largest IV spike — 12.8% change
  • 2018-05-01: Highest IV Rank — 24.1%
  • 2018-05-01: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$298.85$279.00$314.08$280.79$309.26
Max Pain$290.00$280.00$300.00$280.00$300.00
ATM IV24.9%22.1%28.5%28.5%23.6%
Expected Move7.2%6.3%8.6%8.6%7.0%
HV 20d29.0%22.8%35.6%35.6%25.0%
HV 60d29.5%29.1%30.0%29.6%29.4%
IV Rank13.7%6.1%24.1%24.1%7.2%
IV Percentile26.2%6.7%48.0%48.0%16.3%
Term Structure-0.1%-0.8%1.0%-0.2%-0.6%
VWIV25.9%23.3%30.3%29.4%24.8%
Skew 25d3.5%2.3%4.4%4.4%3.3%
Skew 10d7.3%4.7%8.7%8.7%8.5%
Call IV 25d23.5%21.1%27.0%26.4%22.8%
Put IV 25d27.0%24.4%30.8%30.8%26.0%
Bid-Ask Spread %18.3112.1129.2916.6116.60
Gamma HHI0.060.050.080.070.05
Net GEX-440.7K-2.3M1.6M-1.8M-4.5K
Net DEX-59.6M-98.5M13.7M6.4M-85.7M
Net VEX-753.8K-907.7K-651.5K-762.9K-892.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.641.231.091.08
Total Volume5,196.7274,2136,4964,8394,986
Total OI22,326.72720,13024,95820,91124,958

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$280.79$280.0028.5%8.6%35.6%24.1%29.4%4.4%-0.2%-1.8M6.4M-762.9K1.0916.61N/AN/A2,3122,5276,69414,217
2018-05-02$282.12$280.0027.8%8.3%35.0%22.4%27.5%3.9%-0.3%-1.6M-1.4M-764.0K1.0627.62N/AN/A2,3412,4906,84514,455
2018-05-03$279.00$280.0027.9%8.0%34.5%22.7%30.3%3.2%0.1%-2.3M13.7M-768.3K1.2229.29N/AN/A2,3122,8136,99914,621
2018-05-04$287.08$280.0027.1%7.7%35.4%20.8%28.2%4.3%0.1%-737.8K-24.1M-745.7K1.2321.47N/AN/A2,4913,0607,12614,812
2018-05-07$289.24$280.0026.9%7.7%35.5%20.4%29.7%4.0%0.3%-612.6K-39.3M-728.0K1.1119.41N/AN/A2,1662,3986,65614,094
2018-05-08$289.77$280.0027.1%7.7%34.8%20.8%29.1%3.8%-0.3%-565.3K-41.7M-732.4K0.9016.55N/AN/A2,2141,9996,87314,258
2018-05-09$294.10$280.0025.7%7.6%30.8%17.6%26.6%4.2%1.0%-30.0K-60.1M-700.8K0.9724.86N/AN/A2,3002,2376,85014,426
2018-05-10$299.84$280.0024.8%7.1%31.0%15.4%25.1%4.0%-0.3%1.6M-80.7M-687.4K0.6414.27N/AN/A3,8682,4736,94914,575
2018-05-11$295.79$280.0023.7%6.8%31.0%12.4%24.7%2.4%0.2%306.2K-70.2M-700.9K0.8419.57N/AN/A3,5312,9657,19614,890
2018-05-14$295.75$290.0023.7%6.8%30.7%12.3%24.2%3.6%0.4%-622.6K-54.6M-699.4K0.9112.11N/AN/A2,8582,6106,60614,686
2018-05-15$299.78$290.0023.7%6.8%30.9%10.9%24.8%3.2%-0.3%-605.3K-72.4M-695.7K1.1423.09N/AN/A2,3932,7286,76615,407
2018-05-16$305.67$290.0024.0%6.9%31.4%11.1%24.5%3.3%-0.8%-32.4K-92.0M-673.8K1.1520.28N/AN/A2,6603,0636,75815,903
2018-05-17$306.46$290.0022.7%6.5%27.2%7.7%23.9%3.2%0.1%-1.0M-95.6M-694.5K1.0314.91N/AN/A2,5212,6007,05116,435
2018-05-18$307.19$300.0022.1%6.3%22.8%6.1%23.7%3.5%0.1%32.5K-98.5M-693.8K0.9620.32N/AN/A2,7362,6327,20016,701
2018-05-21$314.08$300.0022.7%6.6%23.5%7.5%24.5%2.3%0.1%292.9K-93.3M-651.5K1.2215.37N/AN/A2,3782,9045,87114,259
2018-05-22$306.00$300.0024.1%7.0%23.0%11.0%24.4%2.8%0.2%-740.1K-64.6M-768.3K1.2216.54N/AN/A2,1082,5786,85314,965
2018-05-23$303.06$300.0024.1%7.1%23.4%10.5%24.3%3.2%0.0%-1.4M-49.7M-776.2K1.0712.61N/AN/A2,4082,5666,97915,158
2018-05-24$310.57$300.0023.2%6.7%24.3%8.2%23.9%3.4%-0.1%278.1K-83.5M-771.2K0.7413.16N/AN/A3,3442,4807,37915,404
2018-05-25$309.29$300.0022.9%6.7%23.0%7.5%23.3%3.1%-0.1%126.0K-89.1M-861.4K1.1014.87N/AN/A2,5562,8118,94615,540
2018-05-29$302.21$300.0025.9%7.8%24.7%14.7%27.0%4.4%-0.7%-213.8K-57.2M-906.7K1.0717.76N/AN/A2,4022,5789,28514,787
2018-05-30$307.70$300.0024.4%7.2%25.0%9.3%25.4%3.1%-0.7%19.7K-78.2M-907.7K1.0815.67N/AN/A2,3672,5649,42115,334
2018-05-31$309.26$300.0023.6%7.0%25.0%7.2%24.8%3.3%-0.6%-4.5K-85.7M-892.3K1.0816.60N/AN/A2,3972,5899,52515,433