GWW Options History — September 2018

In September 2018, GWW traded between $348.91 and $359.45. ATM implied volatility averaged 31.5%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 14.1% (HV 20d: 17.4%). Max pain ranged from $310.00 to $350.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.66.

Notable Days

  • 2018-09-04: Highest Volume — 8,909 contracts
  • 2018-09-17: Largest IV spike — 25.4% change
  • 2018-09-24: Highest IV Rank — 42.8%
  • 2018-09-28: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$354.41$348.91$359.45$355.72$357.58
Max Pain$321.58$310.00$350.00$350.00$330.00
ATM IV31.5%22.8%38.7%23.9%37.6%
Expected Move10.5%6.6%12.0%6.6%12.0%
HV 20d17.4%14.2%19.6%18.5%14.2%
HV 60d29.1%28.3%29.5%29.1%28.3%
IV Rank24.5%2.1%42.8%4.9%40.0%
IV Percentile51.1%3.6%82.9%12.3%78.2%
Term Structure2.3%-2.6%12.7%0.3%-2.3%
VWIV36.8%22.8%41.1%23.6%41.1%
Skew 25d2.9%1.8%4.0%1.9%3.9%
Skew 10d5.4%3.8%7.0%4.4%5.8%
Call IV 25d30.4%22.8%37.1%23.3%36.7%
Put IV 25d33.2%24.9%40.6%25.2%40.6%
Bid-Ask Spread %29.7111.8753.8322.1036.70
Gamma HHI0.070.050.090.080.07
Net GEX10.8M6.2M17.6M15.2M13.8M
Net DEX-164.9M-215.0M-129.9M-192.2M-171.4M
Net VEX-1.2M-1.3M-1.2M-1.3M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.460.910.460.91
Total Volume6,738.9475,4778,9098,9096,114
Total OI39,322.52631,54743,97140,05033,424

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-09-04$355.72$350.0023.9%6.6%18.5%4.9%23.6%1.9%0.3%15.2M-192.2M-1.3M0.4622.10N/AN/A6,1232,78627,17112,879
2018-09-05$355.45$350.0022.8%6.7%18.1%2.1%22.8%2.1%0.7%14.6M-184.9M-1.3M0.5924.18N/AN/A4,2192,50927,53713,158
2018-09-06$352.96$310.0023.7%9.9%17.7%4.6%33.8%1.8%0.2%12.5M-160.1M-1.3M0.5219.95N/AN/A5,5782,90327,77313,396
2018-09-07$348.91$310.0024.4%10.3%18.1%6.3%36.2%2.1%0.8%9.1M-129.9M-1.3M0.6421.14N/AN/A4,1952,69428,37613,745
2018-09-10$352.31$310.0024.5%10.4%18.4%6.6%37.0%2.4%11.7%11.5M-161.0M-1.2M0.6714.88N/AN/A3,6252,42627,55813,216
2018-09-11$359.45$310.0024.1%10.3%19.6%5.5%39.2%1.8%11.9%17.6M-215.0M-1.3M0.8533.49N/AN/A3,6393,08327,66113,591
2018-09-12$354.80$310.0024.6%10.7%18.3%6.7%38.5%2.5%12.7%13.0M-175.6M-1.3M0.6818.38N/AN/A4,1162,79628,05514,124
2018-09-13$353.66$310.0027.1%10.6%18.0%13.1%38.0%2.6%12.6%11.1M-161.3M-1.2M0.7219.11N/AN/A3,9292,83227,97914,296
2018-09-14$355.40$310.0028.6%10.4%18.0%17.1%37.3%2.1%12.6%12.2M-170.3M-1.2M0.7227.27N/AN/A4,0722,93427,85314,436
2018-09-17$351.08$320.0035.9%11.1%18.4%35.6%38.4%4.0%-1.8%7.3M-136.9M-1.2M0.5849.32N/AN/A4,4362,59526,76514,015
2018-09-18$353.15$320.0037.2%11.1%16.0%39.0%38.7%4.0%-1.7%8.9M-152.4M-1.2M0.5935.33N/AN/A3,9472,33227,21014,352
2018-09-19$351.03$320.0038.3%11.0%15.9%41.9%39.1%3.3%-1.7%6.7M-132.5M-1.2M0.5753.83N/AN/A3,9712,26427,63014,711
2018-09-20$355.53$320.0036.8%10.6%16.8%38.1%37.6%3.3%-1.0%10.5M-170.4M-1.2M0.5852.91N/AN/A4,2712,46327,89114,756
2018-09-21$355.75$320.0037.2%10.8%16.8%39.1%37.2%2.8%-1.1%8.0M-180.8M-1.3M0.6220.93N/AN/A4,5662,81728,88915,082
2018-09-24$352.61$320.0038.7%11.6%16.8%42.8%40.0%3.4%-2.5%6.2M-142.9M-1.2M0.6839.33N/AN/A3,8252,59217,90413,643
2018-09-25$355.91$330.0038.5%11.6%17.3%42.2%39.7%3.1%-2.6%8.5M-167.1M-1.3M0.6022.17N/AN/A3,7072,23418,57014,054
2018-09-26$357.16$330.0037.6%11.6%17.2%40.1%40.3%3.3%-2.4%9.4M-170.8M-1.3M0.8441.62N/AN/A2,9802,49718,34614,126
2018-09-27$355.32$330.0037.6%11.7%17.1%40.1%40.8%3.8%-2.1%8.9M-157.2M-1.2M0.7911.87N/AN/A3,3372,63318,53814,418
2018-09-28$357.58$330.0037.6%12.0%14.2%40.0%41.1%3.9%-2.3%13.8M-171.4M-1.3M0.9136.70N/AN/A3,2002,91418,86114,563