GWW Options History — May 2019

In May 2019, GWW traded between $258.88 and $284.04. ATM implied volatility averaged 25.4%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 3.2% (HV 20d: 28.7%). Max pain ranged from $267.50 to $310.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.88.

Notable Days

  • 2019-05-09: Highest Volume — 3,464 contracts
  • 2019-05-07: Largest IV spike — 12.3% change
  • 2019-05-13: Highest IV Rank — 22.9%
  • 2019-05-13: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$268.14$258.88$284.04$275.07$262.07
Max Pain$280.11$267.50$310.00$310.00$267.50
ATM IV25.4%21.5%28.6%21.8%27.9%
Expected Move7.4%6.4%8.2%6.9%8.0%
HV 20d28.7%24.1%30.8%28.3%27.2%
HV 60d25.4%24.0%27.2%24.1%27.2%
IV Rank13.4%1.6%22.9%2.6%20.6%
IV Percentile36.3%0.8%52.4%2.0%50.0%
Term Structure0.2%-0.6%1.6%0.5%-0.4%
VWIV25.3%22.0%29.4%23.4%27.5%
Skew 25d3.7%2.3%4.5%3.1%3.3%
Skew 10d8.2%5.3%11.2%8.9%8.7%
Call IV 25d24.0%20.6%26.9%21.2%26.7%
Put IV 25d27.7%23.1%31.2%24.4%29.9%
Bid-Ask Spread %18.0111.7225.2018.4124.76
Gamma HHI0.130.070.270.090.13
Net GEX-3.2M-10.3M1.1M-3.3M-2.4M
Net DEX70.7M17.7M119.4M81.9M59.9M
Net VEX-864.8K-897.1K-836.5K-836.5K-857.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.282.720.460.28
Total Volume1,660.9554393,4641,5402,683
Total OI20,521.13618,61823,55619,63519,639

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$275.07$310.0021.8%6.9%28.3%2.6%23.4%3.1%0.5%-3.3M81.9M-836.5K0.4618.41N/AN/A1,0574838,39611,239
2019-05-02$279.18$300.0021.5%6.6%29.1%1.6%22.3%2.5%0.5%-2.8M68.3M-853.3K0.6918.38N/AN/A7214948,59911,261
2019-05-03$284.04$300.0021.5%6.4%30.1%1.7%22.0%2.3%0.5%-2.0M53.7M-872.0K0.4418.92N/AN/A1,2805618,73011,304
2019-05-06$279.34$290.0023.3%6.8%29.8%7.0%24.1%3.1%0.4%-1.6M62.2M-858.1K0.9013.98N/AN/A2822538,59610,872
2019-05-07$275.30$290.0026.1%7.3%29.9%15.5%27.3%4.4%1.6%-1.8M73.0M-861.6K1.5716.11N/AN/A7591,1948,82811,031
2019-05-08$277.54$290.0025.2%7.2%29.3%12.6%26.7%3.7%0.3%-1.9M69.3M-883.2K1.4021.24N/AN/A1,0241,4299,01111,824
2019-05-09$273.40$290.0026.7%7.7%29.5%17.2%29.4%4.1%0.4%-3.6M83.0M-875.6K2.7218.36N/AN/A9302,5349,32512,362
2019-05-10$267.75$290.0025.6%7.4%28.6%13.8%24.7%3.3%0.1%-10.3M102.6M-885.7K0.9413.85N/AN/A7176729,56013,996
2019-05-13$259.63$290.0028.6%8.2%29.7%22.9%27.4%4.3%-0.0%-4.9M119.4M-852.0K1.7125.20N/AN/A4056939,05613,108
2019-05-14$261.72$280.0025.8%7.5%30.2%14.4%23.9%4.2%0.4%-5.2M88.2M-862.0K1.1917.62N/AN/A1,0131,2099,25912,340
2019-05-15$262.71$270.0025.2%7.3%30.1%12.6%24.3%4.1%0.5%-5.4M81.0M-863.4K0.5715.55N/AN/A2791609,33812,192
2019-05-16$263.66$270.0024.6%7.1%29.8%10.8%23.7%3.7%0.3%-5.0M76.2M-862.1K0.6021.06N/AN/A3291969,49512,292
2019-05-17$267.90$270.0024.6%7.0%30.8%11.0%25.9%3.7%0.1%-1.5M57.8M-862.8K1.1520.89N/AN/A7058119,55912,333
2019-05-20$270.11$270.0024.8%7.1%24.1%11.7%23.6%4.1%0.2%-2.4M49.1M-887.3K0.3617.04N/AN/A1,6956177,70310,915
2019-05-21$272.76$270.0024.3%7.0%24.2%10.1%23.5%4.2%0.2%1.1M17.7M-897.1K0.4818.09N/AN/A1,4446928,90411,481
2019-05-22$259.98$270.0026.7%7.7%28.5%17.2%25.7%4.0%-0.5%-3.8M79.6M-868.4K0.6911.72N/AN/A1,7411,2099,05211,560
2019-05-23$260.91$270.0027.2%7.8%28.7%18.6%26.4%4.5%-0.6%-3.0M74.4M-871.4K0.5719.49N/AN/A1,0455998,77611,434
2019-05-24$258.88$270.0026.8%7.7%28.7%17.6%26.0%3.9%-0.0%-3.8M78.7M-853.1K0.4714.52N/AN/A1,0965209,03411,375
2019-05-28$259.54$270.0026.8%7.8%27.9%17.5%25.4%4.0%0.1%-3.3M71.0M-840.5K1.0315.77N/AN/A4194317,90611,007
2019-05-29$262.10$267.5027.9%8.0%28.2%20.6%27.2%3.6%-0.2%-2.9M61.3M-857.1K0.4418.94N/AN/A7423307,93011,326
2019-05-30$265.47$267.5026.6%7.6%27.7%16.8%26.1%3.5%-0.4%-1.7M47.6M-863.9K0.6516.31N/AN/A6594298,15911,358
2019-05-31$262.07$267.5027.9%8.0%27.2%20.6%27.5%3.3%-0.4%-2.4M59.9M-857.5K0.2824.76N/AN/A2,1005838,18211,457