GWW Options History — November 2019

In November 2019, GWW traded between $312.60 and $326.76. ATM implied volatility averaged 21.6%, placing in the 3.1% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 1.5% (HV 20d: 20.1%). Max pain ranged from $300.00 to $320.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 1.27.

Notable Days

  • 2019-11-06: Highest Volume — 1,840 contracts
  • 2019-11-18: Largest IV spike — 8.2% change
  • 2019-11-20: Highest IV Rank — 9.3%
  • 2019-11-21: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$319.97$312.60$326.76$317.15$317.29
Max Pain$315.50$300.00$320.00$300.00$320.00
ATM IV21.6%20.5%23.4%21.3%21.3%
Expected Move6.3%6.1%6.7%6.1%6.3%
HV 20d20.1%16.6%29.1%29.1%17.2%
HV 60d24.2%22.4%26.1%26.1%22.4%
IV Rank3.1%0.0%9.3%1.2%2.6%
IV Percentile4.5%0.0%17.9%0.8%4.0%
Term Structure0.2%-1.2%1.0%0.6%0.5%
VWIV22.2%20.8%23.8%21.7%20.8%
Skew 25d2.8%2.4%3.4%2.6%2.8%
Skew 10d5.9%3.7%9.4%5.7%3.7%
Call IV 25d20.4%19.3%21.9%20.2%19.9%
Put IV 25d23.2%21.9%25.3%22.8%22.7%
Bid-Ask Spread %38.1128.5449.3030.7136.88
Gamma HHI0.080.060.110.110.07
Net GEX-7.3K-1.5M1.5M1.0M-1.5M
Net DEX-9.8M-33.2M12.8M-13.0M4.7M
Net VEX-788.3K-815.4K-762.2K-812.7K-775.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.092.700.721.95
Total Volume413.15621,84039062
Total OI16,808.215,40118,06317,97516,245

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-11-01$317.15$300.0021.3%6.1%29.1%1.2%21.7%2.6%0.6%1.0M-13.0M-812.7K0.7230.71N/AN/A2271637,03310,942
2019-11-04$319.06$310.0021.7%6.5%28.8%2.7%22.9%2.9%0.6%-195.1K-22.0M-796.8K0.6644.54N/AN/A2741816,94810,386
2019-11-05$322.94$310.0021.6%6.5%26.8%2.3%22.6%3.0%0.2%476.7K-32.8M-795.5K1.7642.34N/AN/A3496167,17310,525
2019-11-06$320.38$310.0021.4%6.4%27.3%1.4%22.0%2.7%0.6%-554.7K-24.1M-807.6K0.0946.44N/AN/A1,6881527,27410,712
2019-11-07$320.76$310.0021.4%6.4%27.2%1.5%22.7%2.8%0.5%11.4K-24.0M-815.4K1.0449.30N/AN/A1091137,28110,782
2019-11-08$323.90$310.0020.5%6.3%17.4%0.0%21.9%2.7%0.7%1.2M-33.2M-795.5K1.2445.23N/AN/A2713367,22510,795
2019-11-11$326.76$310.0021.0%6.1%17.5%1.6%22.3%2.7%0.2%345.9K-22.2M-785.8K2.5441.87N/AN/A501276,57110,552
2019-11-12$324.83$310.0021.3%6.4%17.7%2.3%22.5%2.7%1.0%322.5K-17.0M-782.0K2.7044.29N/AN/A982656,60510,642
2019-11-13$322.15$320.0021.7%6.4%18.1%3.9%21.4%2.9%0.4%137.6K-6.9M-783.4K0.3945.08N/AN/A142556,64610,768
2019-11-14$322.26$320.0021.6%6.4%17.9%3.5%22.7%2.8%0.7%628.1K-7.5M-782.8K0.1545.06N/AN/A136216,75910,801
2019-11-15$322.96$320.0020.7%6.1%17.8%0.4%22.0%2.4%0.8%1.5M-10.2M-788.9K0.9943.49N/AN/A1881866,88010,811
2019-11-18$317.26$320.0022.4%6.5%17.8%5.9%22.2%3.1%-1.0%-659.2K2.1M-784.8K0.7130.04N/AN/A1821295,6749,727
2019-11-19$316.59$320.0022.1%6.4%17.6%5.2%23.0%3.0%-0.4%-533.7K3.5M-796.3K0.4328.54N/AN/A114495,7819,800
2019-11-20$312.60$320.0023.4%6.7%16.9%9.3%23.3%3.4%-1.2%-937.4K12.8M-789.6K2.5331.07N/AN/A942385,8509,826
2019-11-21$312.99$320.0023.4%6.7%16.6%9.3%23.8%3.3%-0.6%-863.6K10.3M-787.1K0.8029.70N/AN/A55445,8939,839
2019-11-22$319.57$320.0021.8%6.3%18.1%4.2%21.8%2.8%-0.3%26.8K-6.8M-789.6K2.3330.10N/AN/A2305355,9279,846
2019-11-25$320.63$320.0021.3%6.2%18.1%2.4%22.5%2.6%0.3%-48.5K-4.9M-764.9K0.9331.03N/AN/A107995,7919,969
2019-11-26$320.03$320.0021.0%6.1%17.5%1.4%21.3%2.6%0.1%-156.3K-2.7M-769.4K1.6832.18N/AN/A57965,84710,037
2019-11-27$319.37$320.0020.8%6.1%17.1%0.8%21.3%2.6%0.2%-275.9K-1.5M-762.2K1.7834.23N/AN/A1532725,88910,112
2019-11-29$317.29$320.0021.3%6.3%17.2%2.6%20.8%2.8%0.5%-1.5M4.7M-775.7K1.9536.88N/AN/A21415,95310,292