GWW Options History — July 2019

In July 2019, GWW traded between $259.09 and $303.68. ATM implied volatility averaged 32.2%, placing in the 33.6% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 7.3% (HV 20d: 24.9%). Max pain ranged from $270.00 to $290.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 1.19.

Notable Days

  • 2019-07-24: Highest Volume — 5,581 contracts
  • 2019-07-24: Largest IV drop — 35.9% change
  • 2019-07-12: Highest IV Rank — 47.2%
  • 2019-07-22: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$276.30$259.09$303.68$267.67$292.25
Max Pain$279.20$270.00$290.00$280.00$280.00
ATM IV32.2%22.8%36.8%35.8%24.2%
Expected Move8.7%6.4%11.3%6.5%7.2%
HV 20d24.9%16.7%40.2%19.3%40.2%
HV 60d26.3%23.4%29.9%25.5%29.8%
IV Rank33.6%5.5%47.2%44.3%9.8%
IV Percentile56.1%5.6%77.8%71.4%21.4%
Term Structure-1.4%-3.7%0.4%-1.7%-0.5%
VWIV30.8%22.6%39.7%22.7%25.1%
Skew 25d4.2%2.5%6.4%4.2%2.6%
Skew 10d8.1%3.8%12.4%8.7%5.0%
Call IV 25d30.6%21.6%37.2%33.3%23.3%
Put IV 25d34.8%24.8%41.9%37.4%25.9%
Bid-Ask Spread %45.0431.3867.3231.3843.51
Gamma HHI0.120.060.430.100.07
Net GEX126.2K-4.3M9.3M-566.5K-40.5K
Net DEX22.6M-88.7M79.7M47.2M-2.2M
Net VEX-828.6K-886.5K-751.0K-806.0K-882.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.162.512.041.23
Total Volume1,975.4556905,581878712
Total OI21,753.18218,48324,16420,93319,819

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$267.67$280.0035.8%6.5%19.3%44.3%22.7%4.2%-1.7%-566.5K47.2M-806.0K2.0431.38N/AN/A2895899,37011,563
2019-07-02$264.92$280.0034.9%6.5%17.6%41.8%22.6%4.3%-1.1%-2.5M61.9M-800.0K1.3931.88N/AN/A3985539,50112,002
2019-07-03$268.60$280.0034.2%6.4%18.3%39.4%23.0%5.6%-0.4%-500.6K42.4M-808.9K1.2032.60N/AN/A4935939,73311,981
2019-07-05$269.56$290.0035.1%9.2%18.1%42.2%32.0%4.6%-1.8%-741.5K37.9M-800.2K0.8846.40N/AN/A7596709,63412,072
2019-07-08$266.43$280.0035.4%9.4%17.8%43.2%32.3%4.1%-2.4%-2.6M54.7M-783.6K0.1645.09N/AN/A1,0291659,13112,000
2019-07-09$267.57$280.0035.4%9.4%16.7%43.0%36.0%4.2%-2.0%-1.6M46.2M-790.6K1.5246.96N/AN/A7121,0829,93912,057
2019-07-10$259.09$280.0036.1%9.8%19.9%45.3%33.8%5.3%-2.2%-4.3M79.7M-751.0K1.8045.74N/AN/A9391,6879,92013,007
2019-07-11$262.85$280.0036.4%9.9%20.8%46.0%34.3%4.3%-2.3%-3.0M60.4M-768.8K1.8042.24N/AN/A1,2032,16010,29413,177
2019-07-12$268.82$280.0036.8%10.0%21.5%47.2%33.8%4.8%-3.7%444.1K33.4M-818.8K1.2745.13N/AN/A1,2931,63610,42313,741
2019-07-15$271.19$280.0036.2%10.1%20.0%45.4%35.6%4.2%-1.6%377.5K34.7M-838.3K0.2546.84N/AN/A9262299,79412,319
2019-07-16$273.65$280.0035.2%10.0%20.3%42.6%35.3%4.0%-2.2%2.0M23.6M-850.6K0.5051.47N/AN/A76137710,08812,470
2019-07-17$269.36$280.0035.1%10.1%21.1%42.2%36.3%4.3%-2.1%165.7K44.8M-839.7K0.4746.44N/AN/A77336410,09012,598
2019-07-18$268.57$280.0034.7%10.0%20.5%41.0%35.9%3.9%-1.3%438.4K47.2M-828.3K0.5147.76N/AN/A78039910,29112,594
2019-07-19$268.89$280.0034.6%10.1%20.3%40.9%36.3%4.0%-1.9%478.3K46.8M-827.6K0.7045.75N/AN/A1,10177210,64712,588
2019-07-22$269.91$280.0036.5%11.3%20.3%46.4%39.1%5.9%-1.5%-1.7M46.1M-817.4K1.3541.41N/AN/A5397287,33011,153
2019-07-23$278.26$280.0035.5%11.1%22.8%43.4%39.7%6.4%-1.7%-1.2M24.1M-858.2K0.7834.74N/AN/A2,6072,0237,76511,758
2019-07-24$303.68$270.0022.8%7.1%37.4%5.5%25.1%4.1%0.4%4.8M-88.7M-841.3K1.0065.79N/AN/A2,7892,7929,32713,339
2019-07-25$299.20$272.5023.4%6.9%38.0%7.3%25.8%2.5%0.3%3.4M-61.8M-886.5K2.3067.32N/AN/A1,1612,6719,23313,785
2019-07-26$300.35$275.0023.4%6.8%37.9%7.3%24.9%2.9%-0.5%9.3M-67.0M-882.4K2.5147.11N/AN/A9292,3319,34513,897
2019-07-29$291.58$275.0023.8%7.0%39.9%8.4%24.9%2.5%-0.2%-93.3K-988.8K-872.5K1.7642.16N/AN/A2504407,67911,569
2019-07-30$296.30$280.0023.3%7.0%40.0%7.2%24.0%2.7%-0.5%222.7K-13.9M-875.3K0.8743.11N/AN/A4043527,77311,774
2019-07-31$292.25$280.0024.2%7.2%40.2%9.8%25.1%2.6%-0.5%-40.5K-2.2M-882.4K1.2343.51N/AN/A3193937,91611,903