GWW Options History — February 2019

In February 2019, GWW traded between $292.87 and $316.40. ATM implied volatility averaged 23.4%, placing in the 5.2% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 1.7% (HV 20d: 25.2%). Max pain ranged from $290.00 to $302.50. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.86.

Notable Days

  • 2019-02-08: Highest Volume — 2,014 contracts
  • 2019-02-15: Largest IV drop — 7.1% change
  • 2019-02-01: Highest IV Rank — 10.6%
  • 2019-02-01: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$307.69$292.87$316.40$292.87$304.85
Max Pain$297.50$290.00$302.50$290.00$302.50
ATM IV23.4%21.5%25.4%25.4%24.0%
Expected Move6.8%6.2%7.3%7.3%6.9%
HV 20d25.2%15.7%32.1%32.1%17.4%
HV 60d29.1%27.5%30.2%30.0%27.7%
IV Rank5.2%0.0%10.6%10.6%7.7%
IV Percentile9.9%0.0%27.0%27.0%17.5%
Term Structure0.0%-0.7%0.6%0.2%-0.0%
VWIV24.2%22.8%26.2%26.2%24.0%
Skew 25d3.6%3.2%4.7%3.4%3.4%
Skew 10d7.5%5.9%9.0%7.8%5.9%
Call IV 25d21.8%20.5%24.2%24.2%22.3%
Put IV 25d25.5%24.2%27.6%27.6%25.7%
Bid-Ask Spread %18.7910.4325.8923.1018.11
Gamma HHI0.090.060.140.070.09
Net GEX1.1M-2.9M3.0M-2.9M380.0K
Net DEX-17.8M-51.1M38.8M38.8M-1.0M
Net VEX-856.4K-880.5K-840.7K-880.5K-857.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.171.511.510.89
Total Volume1,048.2113052,0141,4411,211
Total OI19,390.78915,92022,47722,47716,406

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$292.87$290.0025.4%7.3%32.1%10.6%26.2%3.4%0.2%-2.9M38.8M-880.5K1.5123.10N/AN/A5748678,92913,548
2019-02-04$297.79$290.0024.1%6.9%29.2%6.7%24.8%4.1%0.0%-1.5M12.7M-869.4K0.5818.88N/AN/A3101808,48512,771
2019-02-05$299.69$290.0023.7%6.9%29.0%5.4%24.4%3.2%0.2%-576.0K2.6M-865.9K0.7823.43N/AN/A3812988,68512,867
2019-02-06$303.62$290.0023.1%6.8%29.2%3.6%24.1%3.5%0.6%1.6M-19.4M-852.7K1.0116.20N/AN/A4774848,77312,922
2019-02-07$302.61$290.0023.9%6.9%29.3%6.0%23.6%3.5%0.1%1.8M-13.4M-861.3K0.5810.43N/AN/A1,1656818,93613,198
2019-02-08$300.02$300.0024.1%6.9%29.3%6.6%23.7%3.5%0.1%1.4M696.6K-876.1K0.8714.37N/AN/A1,0799358,94613,372
2019-02-11$306.86$300.0023.4%6.7%30.1%4.5%23.8%4.0%0.4%70.6K-15.3M-847.9K0.6414.35N/AN/A5713678,02312,782
2019-02-12$312.79$300.0022.9%6.6%30.2%2.8%23.8%3.6%-0.1%2.2M-39.1M-848.1K0.9320.66N/AN/A5144778,18512,993
2019-02-13$314.12$300.0023.1%6.6%27.1%3.5%23.4%3.3%-0.5%3.0M-44.8M-845.0K1.4212.76N/AN/A4045748,29213,072
2019-02-14$313.15$300.0023.1%6.7%26.7%3.6%23.8%3.7%-0.7%2.8M-42.6M-843.7K1.3521.36N/AN/A6839198,32113,185
2019-02-15$316.40$300.0021.5%6.2%25.1%0.0%22.8%3.7%0.0%2.2M-51.1M-847.0K1.0323.61N/AN/A7918118,50313,467
2019-02-19$315.73$300.0022.6%6.6%24.4%3.4%24.1%3.4%-0.1%1.4M-36.6M-840.7K0.1720.24N/AN/A547947,1188,813
2019-02-20$311.80$300.0022.7%6.5%24.0%3.6%24.0%3.3%0.1%2.0M-27.9M-852.2K1.0912.18N/AN/A3954297,4428,897
2019-02-21$309.69$300.0023.8%7.0%24.0%7.0%24.0%4.0%0.0%1.2M-20.4M-850.5K0.9622.49N/AN/A3903767,4508,993
2019-02-22$312.18$300.0023.1%6.8%19.1%4.9%23.8%3.6%-0.4%2.0M-30.5M-864.6K0.9017.34N/AN/A5234707,5509,155
2019-02-25$311.98$300.0023.2%7.0%18.4%5.1%25.9%4.7%0.2%1.4M-19.7M-849.5K0.4625.89N/AN/A209967,0588,862
2019-02-26$309.39$300.0023.8%7.0%17.9%7.1%24.7%3.3%0.4%1.0M-13.7M-857.3K0.4722.98N/AN/A4962327,1158,944
2019-02-27$310.59$300.0023.6%6.7%15.7%6.5%24.3%3.8%-0.1%1.5M-16.9M-861.6K0.6218.62N/AN/A5583487,3259,042
2019-02-28$304.85$302.5024.0%6.9%17.4%7.7%24.0%3.4%-0.0%380.0K-1.0M-857.1K0.8918.11N/AN/A6425697,3839,023