GWW Options History — December 2018

In December 2018, GWW traded between $267.89 and $316.64. ATM implied volatility averaged 35.4%, placing in the 41.3% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 5.5% (HV 20d: 29.9%). Max pain ranged from $280.00 to $300.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 1.40.

Notable Days

  • 2018-12-17: Highest Volume — 2,751 contracts
  • 2018-12-24: Largest IV spike — 22.0% change
  • 2018-12-26: Highest IV Rank — 88.6%
  • 2018-12-24: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$286.27$267.89$316.64$316.64$282.05
Max Pain$283.00$280.00$300.00$300.00$280.00
ATM IV35.4%25.5%50.8%25.5%49.0%
Expected Move9.3%7.9%11.0%7.9%10.0%
HV 20d29.9%25.3%32.7%26.2%27.3%
HV 60d38.9%37.6%39.8%37.6%39.6%
IV Rank41.3%10.9%88.6%10.9%83.1%
IV Percentile64.2%25.8%99.2%25.8%97.6%
Term Structure3.3%-2.9%14.9%0.5%-1.9%
VWIV32.8%28.6%37.9%28.6%36.1%
Skew 25d4.1%2.0%9.2%2.6%5.9%
Skew 10d8.3%4.7%16.5%5.3%9.0%
Call IV 25d33.4%24.7%47.7%24.7%45.8%
Put IV 25d37.4%27.3%54.8%27.3%51.7%
Bid-Ask Spread %31.6820.8965.2829.1423.41
Gamma HHI0.080.050.130.050.12
Net GEX-1.1M-3.3M1.6M1.6M897.8K
Net DEX29.9M-55.9M70.2M-55.9M13.2M
Net VEX-922.8K-972.6K-861.1K-969.5K-886.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.400.162.541.912.44
Total Volume1,264.754312,751431674
Total OI27,148.325,06529,80425,06527,150

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$316.64$300.0025.5%7.9%26.2%10.9%28.6%2.6%0.5%1.6M-55.9M-969.5K1.9129.14N/AN/A14828312,83212,233
2018-12-04$301.40$300.0027.2%8.8%32.1%16.1%30.6%2.5%0.8%-472.8K-7.0M-967.2K1.2461.51N/AN/A53165813,16912,414
2018-12-05$300.79$300.0028.2%9.3%32.2%19.2%32.2%2.4%0.3%-531.3K-5.2M-957.4K1.2365.28N/AN/A53565813,16912,414
2018-12-06$299.66$280.0029.4%8.7%30.8%22.9%32.0%3.1%0.2%-941.9K3.3M-970.0K1.2233.57N/AN/A28935213,42112,742
2018-12-07$294.74$280.0030.0%8.9%31.1%24.6%31.0%3.4%0.1%-1.8M17.4M-972.6K0.9933.84N/AN/A72671813,51312,913
2018-12-10$286.18$280.0031.4%9.3%32.7%29.0%32.0%3.5%1.1%-2.1M42.8M-943.3K2.1432.05N/AN/A27759313,54612,734
2018-12-11$287.60$280.0030.3%8.8%32.7%25.6%33.6%3.4%0.3%-2.3M38.9M-943.2K1.7530.97N/AN/A25043713,63213,073
2018-12-12$289.57$280.0029.6%8.6%32.6%23.6%30.0%3.2%0.3%-2.4M32.6M-939.0K1.6331.41N/AN/A22236213,66513,163
2018-12-13$285.94$280.0029.3%8.6%31.8%22.6%30.4%3.1%0.9%-3.1M46.7M-918.1K0.5228.98N/AN/A95849913,69813,172
2018-12-14$283.51$280.0029.4%8.9%31.4%22.9%29.8%2.0%2.1%-1.7M53.2M-910.4K0.6528.24N/AN/A1,08870813,79913,294
2018-12-17$282.67$280.0031.2%9.0%30.2%28.3%30.4%4.2%14.3%-3.3M57.5M-890.3K0.2330.07N/AN/A2,23251913,68013,182
2018-12-18$283.55$280.0030.7%8.8%30.0%26.8%29.6%4.1%14.6%-1.8M39.6M-929.2K0.1625.70N/AN/A2,13834715,38813,153
2018-12-19$277.68$280.0032.1%9.2%29.5%31.1%33.5%3.9%14.9%-1.5M52.8M-909.5K0.8127.61N/AN/A51842216,48113,261
2018-12-20$273.76$280.0037.3%9.9%28.8%47.0%34.8%5.0%13.1%-1.9M69.2M-903.9K0.9930.43N/AN/A58057316,56513,204
2018-12-21$273.36$280.0039.6%10.1%28.6%54.2%35.5%4.7%12.8%-2.4M70.2M-893.7K1.6223.01N/AN/A7641,23516,63713,167
2018-12-24$267.89$280.0048.3%11.0%25.3%80.8%37.9%4.7%-1.6%-430.4K59.2M-861.1K2.5427.66N/AN/A5461,38814,92312,075
2018-12-26$277.03$280.0050.8%10.3%29.0%88.6%36.4%9.2%-2.3%343.9K31.1M-888.0K2.3724.86N/AN/A21250214,96811,954
2018-12-27$280.12$280.0049.2%10.4%27.8%83.7%36.7%5.7%-2.0%648.8K22.4M-906.2K2.2324.98N/AN/A31971215,06312,166
2018-12-28$281.30$280.0049.7%10.1%27.9%85.2%35.6%4.7%-2.9%725.8K16.3M-897.7K1.3120.89N/AN/A57275015,12712,226
2018-12-31$282.05$280.0049.0%10.0%27.3%83.1%36.1%5.9%-1.9%897.8K13.2M-886.2K2.4423.41N/AN/A19647814,98412,166