GWW Options History — November 2018

In November 2018, GWW traded between $286.69 and $315.37. ATM implied volatility averaged 29.3%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 6.3% (HV 20d: 35.5%). Max pain ranged from $280.00 to $295.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.80.

Notable Days

  • 2018-11-01: Highest Volume — 8,494 contracts
  • 2018-11-20: Largest IV spike — 12.3% change
  • 2018-11-20: Highest IV Rank — 35.6%
  • 2018-11-20: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$299.77$286.69$315.37$286.98$315.37
Max Pain$288.57$280.00$295.00$280.00$295.00
ATM IV29.3%26.3%33.5%29.8%27.3%
Expected Move8.5%7.5%9.6%9.2%8.4%
HV 20d35.5%19.4%56.2%55.9%26.2%
HV 60d36.2%35.3%37.6%35.4%37.6%
IV Rank22.4%13.3%35.6%24.1%16.3%
IV Percentile48.3%34.5%63.9%50.8%37.3%
Term Structure-0.6%-1.8%0.2%-0.3%-0.8%
VWIV30.1%26.6%35.3%33.9%29.9%
Skew 25d3.7%2.4%5.9%4.2%3.0%
Skew 10d7.0%2.9%10.6%9.5%5.6%
Call IV 25d28.0%25.1%31.4%28.4%26.6%
Put IV 25d31.7%28.8%36.2%32.6%29.6%
Bid-Ask Spread %34.0817.1350.6147.7033.71
Gamma HHI0.110.040.540.070.05
Net GEX2.4M-392.9K11.0M2.9M2.1M
Net DEX-19.7M-97.3M28.5M24.4M-60.5M
Net VEX-1.0M-1.0M-969.2K-1.0M-992.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.801.372.252.251.47
Total Volume6,792.2865,7338,4948,4946,125
Total OI28,200.38125,82430,74430,25726,521

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-11-01$286.98$280.0029.8%9.2%55.9%24.1%33.9%4.2%-0.3%2.9M24.4M-1.0M2.2547.70N/AN/A2,6125,88216,51913,738
2018-11-02$289.51$280.0031.2%9.5%56.2%28.5%35.3%3.9%-0.7%1.8M10.3M-1.0M2.1050.61N/AN/A2,7265,73416,55913,753
2018-11-05$286.69$280.0031.3%8.5%56.2%28.7%29.2%5.9%-0.4%1.9M28.5M-1.0M2.0041.21N/AN/A2,3744,75115,86313,268
2018-11-06$287.88$290.0029.9%8.3%55.9%24.4%27.9%4.1%-0.3%2.3M23.5M-992.8K1.9141.35N/AN/A2,4824,73916,02613,456
2018-11-07$295.94$290.0026.6%7.5%54.3%14.4%28.3%3.6%-0.0%4.0M-10.9M-983.4K1.9517.13N/AN/A2,6955,25516,18013,482
2018-11-08$292.54$280.0027.3%7.7%54.1%16.3%27.2%4.3%-0.1%2.8M5.2M-998.8K2.1435.87N/AN/A2,5975,55116,26614,044
2018-11-09$294.49$290.0026.3%7.8%54.2%13.3%26.6%3.5%0.2%3.1M15.1M-993.5K1.9942.38N/AN/A2,6795,32016,30414,440
2018-11-12$292.39$290.0028.4%8.1%53.3%19.9%28.3%2.4%0.0%1.6M-5.0M-982.3K1.5341.61N/AN/A2,4233,70215,71113,172
2018-11-13$295.51$290.0028.3%8.0%19.7%19.6%28.0%3.4%-0.4%2.2M-22.0M-969.2K1.4035.67N/AN/A2,6293,68215,80913,163
2018-11-14$301.63$290.0029.0%8.4%20.6%21.8%29.4%3.8%-0.2%4.3M-50.7M-992.6K1.3747.96N/AN/A2,8913,96715,96413,155
2018-11-15$305.24$290.0029.3%8.3%19.4%22.6%28.8%3.4%-0.8%5.4M-64.5M-998.7K1.4543.33N/AN/A2,7724,02316,20613,401
2018-11-16$311.00$290.0028.7%8.1%20.0%20.6%28.4%2.4%-0.7%11.0M-97.3M-1.0M1.5032.93N/AN/A2,6663,99516,40713,636
2018-11-19$306.09$290.0029.9%8.5%21.2%24.3%31.1%4.2%-1.8%1.2M-35.3M-1.0M1.8419.54N/AN/A2,1353,92213,76612,058
2018-11-20$298.04$290.0033.5%9.6%23.7%35.6%33.5%4.7%-1.5%-172.3K-3.2M-1.0M1.7327.83N/AN/A2,1663,73813,80112,251
2018-11-21$302.78$290.0030.3%8.7%24.1%25.8%30.8%4.0%-1.7%105.0K-21.2M-1.0M1.8733.96N/AN/A2,1784,06613,87312,255
2018-11-23$297.95$290.0032.7%9.4%24.8%33.1%32.0%4.7%-0.9%-392.9K-2.3M-1.0M1.8735.32N/AN/A2,2224,16014,00412,614
2018-11-26$308.14$290.0029.5%8.8%26.8%23.1%31.2%3.3%-0.8%730.8K-35.0M-1.0M1.9518.71N/AN/A2,0774,05113,57612,303
2018-11-27$304.21$290.0029.3%9.0%27.3%22.7%31.4%3.7%-0.5%277.9K-21.1M-1.0M1.9317.79N/AN/A2,1024,05913,64012,432
2018-11-28$311.15$290.0028.2%8.5%26.1%19.3%30.4%3.1%-0.3%1.3M-43.0M-994.3K1.7519.38N/AN/A2,0813,65213,72512,432
2018-11-29$311.60$295.0027.4%8.4%26.1%16.7%30.4%2.6%-0.6%1.6M-49.2M-982.4K1.7231.77N/AN/A2,1173,64013,86612,569
2018-11-30$315.37$295.0027.3%8.4%26.2%16.3%29.9%3.0%-0.8%2.1M-60.5M-992.1K1.4733.71N/AN/A2,4773,64813,91212,609