GWW Options History — September 2019

In September 2019, GWW traded between $266.25 and $296.98. ATM implied volatility averaged 28.8%, placing in the 23.4% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 4.4% (HV 20d: 24.4%). Max pain ranged from $270.00 to $280.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 3.54.

Notable Days

  • 2019-09-27: Highest Volume — 1,623 contracts
  • 2019-09-23: Largest IV spike — 16.1% change
  • 2019-09-27: Highest IV Rank — 45.6%
  • 2019-09-03: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$288.46$266.25$296.98$266.25$296.98
Max Pain$279.00$270.00$280.00$270.00$280.00
ATM IV28.8%24.5%36.3%28.5%35.4%
Expected Move7.3%6.8%8.3%8.3%7.0%
HV 20d24.4%20.9%27.6%26.2%22.1%
HV 60d32.0%31.3%32.3%31.4%32.0%
IV Rank23.4%10.7%45.6%22.6%43.2%
IV Percentile43.6%19.0%78.2%47.6%73.8%
Term Structure2.0%-2.4%10.4%0.5%-0.4%
VWIV26.6%22.0%33.0%29.3%25.1%
Skew 25d4.4%3.6%6.0%4.8%4.9%
Skew 10d8.5%6.1%11.9%8.6%6.6%
Call IV 25d26.8%21.9%34.7%26.3%32.6%
Put IV 25d31.2%26.0%40.4%31.1%37.6%
Bid-Ask Spread %33.0521.9444.8334.6524.35
Gamma HHI0.090.060.160.100.07
Net GEX-249.2K-2.5M1.6M-760.0K-684.5K
Net DEX3.8M-25.3M43.8M43.8M235.3K
Net VEX-809.6K-849.1K-777.9K-777.9K-846.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.540.5019.811.617.05
Total Volume592.82041,623412515
Total OI17,326.0516,24318,35616,24317,327

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$266.25$270.0028.5%8.3%26.2%22.6%29.3%4.8%0.5%-760.0K43.8M-777.9K1.6134.65N/AN/A1582547,2389,005
2019-09-04$268.65$270.0027.3%7.8%26.3%18.9%26.9%4.9%0.7%-424.1K37.1M-778.9K1.3433.72N/AN/A891197,3008,987
2019-09-05$277.69$280.0025.4%7.4%27.6%13.5%26.1%3.8%1.1%829.2K13.6M-790.1K0.5844.83N/AN/A4632707,3279,026
2019-09-06$278.32$280.0025.1%7.4%27.5%12.6%26.6%3.7%0.7%827.6K12.9M-789.6K0.7644.09N/AN/A4003037,3889,146
2019-09-09$286.00$280.0025.3%7.1%27.6%13.1%28.2%4.1%-0.7%1.6M-6.4M-792.6K3.3036.32N/AN/A2678807,3169,086
2019-09-10$290.42$280.0025.4%7.3%25.9%13.3%27.6%4.4%0.0%1.0M-11.8M-829.3K1.9431.51N/AN/A1593087,2949,698
2019-09-11$294.07$280.0025.2%7.4%25.6%12.8%26.4%3.8%0.6%1.3M-23.5M-832.7K2.5137.81N/AN/A3468697,3359,946
2019-09-12$293.24$280.0025.4%7.3%24.7%13.3%26.6%4.2%0.3%-199.8K-13.8M-849.1K3.0136.97N/AN/A1153467,45810,670
2019-09-13$295.46$280.0024.5%6.9%24.7%10.7%25.5%3.9%-0.8%463.4K-25.3M-835.6K2.1232.96N/AN/A1463107,50210,656
2019-09-16$295.21$280.0025.1%7.1%24.1%12.3%29.3%4.0%10.4%-175.4K-16.7M-829.9K0.5039.28N/AN/A2981507,19610,307
2019-09-17$291.76$280.0025.9%7.4%24.0%14.9%24.8%4.6%9.4%-734.4K-3.3M-829.1K2.7637.31N/AN/A1233407,44310,398
2019-09-18$292.48$280.0025.2%7.2%23.4%12.8%27.0%3.6%9.8%-551.8K-5.3M-811.0K11.3836.72N/AN/A262967,50410,451
2019-09-19$292.93$280.0026.4%7.0%23.4%16.2%22.0%4.1%9.2%-1.3M-3.9M-802.7K4.4939.12N/AN/A1155167,51410,729
2019-09-20$291.31$280.0028.1%7.0%23.3%21.5%22.8%4.0%9.7%-2.5M4.7M-800.1K0.5135.35N/AN/A3431757,50710,849
2019-09-23$291.92$280.0032.7%6.8%20.9%35.0%24.2%5.7%-1.8%-897.2K14.5M-789.2K1.8823.79N/AN/A1061996,70510,087
2019-09-24$286.71$280.0036.1%7.5%22.4%45.3%28.4%6.0%-2.0%-1.2M31.6M-791.7K1.7923.80N/AN/A731316,89510,358
2019-09-25$291.48$280.0035.9%7.1%22.6%44.7%28.2%4.4%-1.9%-1.1M15.1M-788.9K2.4022.65N/AN/A882116,91410,429
2019-09-26$293.83$280.0036.1%7.1%22.6%45.1%25.0%3.9%-2.4%-823.2K9.1M-783.6K1.0923.80N/AN/A3473796,96410,514
2019-09-27$294.51$280.0036.3%7.3%22.0%45.6%33.0%5.4%-1.8%374.6K3.9M-844.3K19.8121.94N/AN/A781,5457,26410,788
2019-09-30$296.98$280.0035.4%7.0%22.1%43.2%25.1%4.9%-0.4%-684.5K235.3K-846.1K7.0524.35N/AN/A644516,90410,423