GWW Options History — April 2019

In April 2019, GWW traded between $281.90 and $315.86. ATM implied volatility averaged 32.6%, placing in the 34.0% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 5.6% (HV 20d: 27.0%). Max pain ranged from $300.00 to $310.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.90.

Notable Days

  • 2019-04-18: Highest Volume — 4,073 contracts
  • 2019-04-22: Largest IV drop — 25.6% change
  • 2019-04-09: Highest IV Rank — 63.7%
  • 2019-04-10: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$302.96$281.90$315.86$310.18$281.90
Max Pain$308.10$300.00$310.00$300.00$310.00
ATM IV32.6%20.9%42.5%35.8%22.1%
Expected Move8.9%6.3%11.4%9.1%6.7%
HV 20d27.0%23.3%30.6%25.3%27.6%
HV 60d23.6%22.1%25.3%25.3%23.9%
IV Rank34.0%0.0%63.7%43.5%3.6%
IV Percentile52.9%0.0%88.5%68.7%3.2%
Term Structure-1.8%-4.2%0.7%-1.5%-0.3%
VWIV31.1%21.6%41.1%31.0%23.1%
Skew 25d4.2%2.4%6.9%4.3%2.5%
Skew 10d8.4%4.9%12.4%11.9%6.6%
Call IV 25d30.7%19.8%40.2%33.3%22.0%
Put IV 25d34.9%22.7%46.6%37.6%24.5%
Bid-Ask Spread %30.1513.4145.5930.8213.41
Gamma HHI0.090.070.230.070.08
Net GEX498.7K-3.3M4.8M1.9M-2.9M
Net DEX4.0M-54.4M69.8M-29.2M66.5M
Net VEX-896.1K-943.0K-814.1K-873.5K-856.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.291.500.290.64
Total Volume2,099.0957624,0739241,112
Total OI20,578.42918,13422,65018,13419,369

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$310.18$300.0035.8%9.1%25.3%43.5%31.0%4.3%-1.5%1.9M-29.2M-873.5K0.2930.82N/AN/A7172078,10410,030
2019-04-02$311.27$300.0035.7%9.1%25.3%43.2%31.8%4.1%-1.8%3.0M-36.9M-888.4K1.1032.77N/AN/A7988778,45210,131
2019-04-03$311.86$300.0036.5%9.4%25.3%45.6%32.9%4.5%-2.0%2.9M-36.2M-905.4K0.8134.71N/AN/A1,0488478,59010,645
2019-04-04$312.60$300.0038.0%9.7%24.2%50.1%29.8%4.6%-2.7%3.7M-40.4M-907.7K1.1534.20N/AN/A9981,1438,99110,757
2019-04-05$315.86$310.0037.4%9.5%23.3%48.2%33.5%4.7%-2.1%4.8M-54.4M-915.8K1.5026.03N/AN/A9841,4759,33011,117
2019-04-08$314.91$310.0038.9%10.1%23.4%52.7%37.3%5.0%-3.3%2.2M-37.3M-915.1K0.7130.92N/AN/A7395288,96611,354
2019-04-09$306.35$310.0042.5%10.9%25.8%63.7%39.1%5.7%-4.1%1.7M-9.1M-931.2K0.6229.83N/AN/A1,3598479,44511,330
2019-04-10$303.80$310.0042.5%11.4%25.8%63.5%39.5%6.9%-2.7%1.2M230.8K-939.5K1.0545.59N/AN/A1,3581,4209,89611,656
2019-04-11$309.44$310.0041.9%11.0%26.6%62.0%41.1%4.5%-4.2%1.3M-24.7M-943.0K1.4632.32N/AN/A1,1201,63410,14012,322
2019-04-12$304.88$310.0038.8%10.6%27.1%52.5%37.3%3.9%-2.4%-2.5M1.3M-932.2K1.3224.47N/AN/A1,0511,38810,30612,344
2019-04-15$304.36$310.0036.9%10.3%26.6%46.8%35.5%5.0%-3.7%376.5K3.8M-917.2K0.5634.29N/AN/A5953349,37511,889
2019-04-16$306.10$310.0035.1%9.9%26.4%41.2%35.6%4.7%-1.2%1.2M-6.4M-910.2K0.5534.10N/AN/A4932699,62811,907
2019-04-17$308.87$310.0034.7%9.9%26.6%39.9%35.3%5.3%-2.5%3.1M-20.0M-902.0K0.3433.45N/AN/A8913009,80111,955
2019-04-18$308.78$310.0034.3%9.9%25.7%38.9%34.8%4.7%-1.1%4.6M-18.9M-908.9K0.7336.83N/AN/A2,3531,72010,10011,970
2019-04-22$290.81$310.0025.5%7.2%30.6%12.3%24.0%3.9%-0.2%-3.1M69.8M-814.1K0.7742.65N/AN/A1,9661,5178,09111,335
2019-04-23$293.37$310.0022.1%6.5%30.4%1.9%23.2%2.4%-0.6%-3.3M53.9M-851.4K1.1634.10N/AN/A1,3811,6028,71811,672
2019-04-24$295.21$310.0021.7%6.4%30.4%0.8%21.9%3.6%-0.4%-2.6M44.6M-857.5K1.3718.81N/AN/A1,1731,6038,88811,832
2019-04-25$294.88$310.0020.9%6.3%30.4%0.0%21.6%2.9%-0.7%-2.4M44.6M-886.6K1.1826.38N/AN/A1,2721,4959,20312,052
2019-04-26$292.05$310.0021.2%6.3%30.4%0.7%21.6%2.4%-0.1%-2.2M53.3M-884.2K1.0020.39N/AN/A1,3051,3069,38412,065
2019-04-29$284.72$310.0022.1%6.9%30.0%3.6%23.9%2.4%0.7%-2.6M59.7M-876.8K0.6917.06N/AN/A5053517,92311,084
2019-04-30$281.90$310.0022.1%6.7%27.6%3.6%23.1%2.5%-0.3%-2.9M66.5M-856.8K0.6413.41N/AN/A6804328,13511,234