GWW Options History — January 2019

In January 2019, GWW traded between $268.13 and $304.54. ATM implied volatility averaged 41.0%, placing in the 58.4% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 9.9% (HV 20d: 31.1%). Max pain ranged from $280.00 to $310.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 2.24.

Notable Days

  • 2019-01-14: Highest Volume — 9,315 contracts
  • 2019-01-24: Largest IV drop — 41.3% change
  • 2019-01-03: Highest IV Rank — 89.9%
  • 2019-01-23: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$288.00$268.13$304.54$275.37$294.17
Max Pain$297.14$280.00$310.00$280.00$290.00
ATM IV41.0%24.9%51.2%49.5%25.0%
Expected Move11.3%7.2%15.4%10.2%7.2%
HV 20d31.1%24.2%35.1%27.8%33.8%
HV 60d32.6%27.0%40.8%39.8%30.1%
IV Rank58.4%9.1%89.9%84.8%9.4%
IV Percentile74.7%22.6%99.6%98.0%23.0%
Term Structure-2.2%-4.0%0.6%-2.0%0.1%
VWIV39.6%25.0%54.6%33.7%25.0%
Skew 25d5.8%3.7%7.6%7.5%3.8%
Skew 10d10.9%6.7%14.8%8.0%8.2%
Call IV 25d38.0%23.3%48.2%45.1%23.8%
Put IV 25d43.9%27.1%53.4%52.6%27.5%
Bid-Ask Spread %37.8318.5755.1344.5918.57
Gamma HHI0.090.050.160.100.06
Net GEX-894.0K-5.3M5.4M-91.0K-2.9M
Net DEX8.8M-120.3M71.3M40.9M35.2M
Net VEX-840.7K-883.3K-806.3K-844.8K-878.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.240.6512.401.211.23
Total Volume2,581.2386389,3151,5051,524
Total OI28,201.57117,56841,64727,41722,060

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$275.37$280.0049.5%10.2%27.8%84.8%33.7%7.5%-2.0%-91.0K40.9M-844.8K1.2144.59N/AN/A68082515,10512,312
2019-01-03$268.13$310.0051.2%13.3%24.2%89.9%45.1%5.3%-2.6%-893.4K61.2M-821.8K1.2941.71N/AN/A69890115,36812,279
2019-01-04$279.79$310.0048.9%12.6%29.7%82.8%42.3%7.6%-2.7%502.8K19.4M-853.9K1.2340.13N/AN/A72489215,45012,382
2019-01-07$278.42$310.0050.0%13.0%29.7%86.3%47.9%6.8%-3.5%309.1K25.1M-836.0K12.4035.10N/AN/A1081,33915,35512,328
2019-01-08$279.08$310.0049.1%13.0%29.3%83.5%45.5%6.8%-3.4%-986.9K29.5M-836.1K1.1637.15N/AN/A70681715,49313,893
2019-01-09$279.92$300.0048.3%12.8%27.6%81.0%42.5%6.8%-3.6%-654.9K19.2M-846.4K0.9443.78N/AN/A96590516,03114,463
2019-01-10$284.47$290.0047.3%12.8%28.2%77.9%43.2%6.5%-3.5%1.4M-5.1M-847.7K0.6538.74N/AN/A1,23780416,36514,346
2019-01-11$284.24$290.0044.5%12.2%28.1%69.4%41.1%5.9%-3.0%1.8M-5.5M-819.1K0.7642.13N/AN/A1,14086516,76514,385
2019-01-14$282.06$290.0046.1%12.9%27.9%74.3%45.6%5.9%-2.5%756.7K6.0M-806.3K9.8248.55N/AN/A8618,45416,51113,764
2019-01-15$293.76$290.0045.4%12.8%31.3%72.1%44.9%6.6%-3.1%-13.5K-45.5M-835.6K1.3145.52N/AN/A9131,19216,87822,156
2019-01-16$290.26$290.0046.9%13.5%31.6%76.8%46.7%7.2%-3.7%-3.2M-21.3M-845.4K1.8949.81N/AN/A8341,57917,36122,665
2019-01-17$298.75$290.0043.5%12.6%33.1%66.1%44.9%6.4%-1.5%5.4M-95.6M-808.0K0.8950.95N/AN/A1,4881,31917,71723,220
2019-01-18$304.54$290.0041.8%12.4%32.4%61.0%44.5%5.9%-3.9%727.4K-120.3M-811.0K2.3555.13N/AN/A1,0832,55018,10923,538
2019-01-22$299.54$300.0044.4%13.8%32.6%68.9%47.1%6.2%-4.0%-804.1K6.5M-843.9K1.0038.42N/AN/A7107097,35810,210
2019-01-23$297.45$300.0048.3%15.4%32.8%80.8%54.6%6.8%-3.3%-880.6K12.2M-883.3K1.9934.02N/AN/A1,5213,0337,83710,646
2019-01-24$286.57$300.0028.3%8.2%34.9%19.6%30.6%5.3%0.6%-4.3M71.3M-819.5K1.9025.26N/AN/A2,1804,1369,15713,114
2019-01-25$291.90$300.0024.9%7.2%33.6%9.1%26.2%3.7%-0.1%-5.3M47.1M-855.0K1.2227.10N/AN/A1,5661,9139,58514,536
2019-01-28$288.12$300.0026.1%7.8%33.9%12.7%26.8%3.7%-0.1%-4.4M56.4M-846.8K0.8824.29N/AN/A3392998,02512,623
2019-01-29$295.88$300.0025.2%7.4%35.0%9.9%26.5%4.0%-0.5%-2.8M22.9M-844.1K1.1722.58N/AN/A5916928,30212,832
2019-01-30$295.62$300.0025.1%7.3%35.1%9.6%26.5%3.7%-0.6%-2.6M26.1M-871.8K1.7130.82N/AN/A4117038,54813,161
2019-01-31$294.17$290.0025.0%7.2%33.8%9.4%25.0%3.8%0.1%-2.9M35.2M-878.1K1.2318.57N/AN/A6828428,66313,397