GWW Options History — December 2019

In December 2019, GWW traded between $312.98 and $338.65. ATM implied volatility averaged 23.5%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 7.1% (HV 20d: 16.4%). Max pain ranged from $300.00 to $320.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.76.

Notable Days

  • 2019-12-20: Highest Volume — 1,312 contracts
  • 2019-12-30: Largest IV spike — 18.4% change
  • 2019-12-31: Highest IV Rank — 36.7%
  • 2019-12-03: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$330.06$312.98$338.65$315.89$338.13
Max Pain$310.48$300.00$320.00$320.00$310.00
ATM IV23.5%20.8%31.8%23.0%31.8%
Expected Move6.7%6.2%7.2%6.8%6.8%
HV 20d16.4%14.2%18.9%14.2%16.1%
HV 60d22.0%20.7%23.0%22.5%20.7%
IV Rank9.6%1.0%36.7%8.0%36.7%
IV Percentile21.3%1.2%68.3%15.9%68.3%
Term Structure2.3%-1.1%10.4%0.5%-1.1%
VWIV23.4%19.3%25.7%23.5%22.7%
Skew 25d3.3%2.5%3.9%3.9%3.2%
Skew 10d6.7%5.1%8.5%6.3%7.0%
Call IV 25d21.8%18.9%31.6%21.1%31.6%
Put IV 25d25.2%22.2%34.8%25.0%34.8%
Bid-Ask Spread %28.8123.8838.2835.6124.38
Gamma HHI0.110.070.330.070.10
Net GEX1.8M-1.5M6.9M-1.0M68.2K
Net DEX-30.7M-78.7M18.5M10.7M-29.6M
Net VEX-756.4K-794.6K-717.0K-783.9K-731.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.760.168.090.393.66
Total Volume576.812651,312754624
Total OI17,172.47615,70718,59715,70716,667

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$315.89$320.0023.0%6.8%14.2%8.0%23.5%3.9%0.5%-1.0M10.7M-783.9K0.3935.61N/AN/A5412135,67210,035
2019-12-03$312.98$320.0023.7%7.2%14.4%10.4%25.7%3.9%1.1%-1.5M18.5M-794.2K2.8938.28N/AN/A1434135,95010,192
2019-12-04$317.34$320.0022.3%6.9%14.6%5.9%24.1%3.3%1.5%-990.5K3.5M-783.8K1.2332.70N/AN/A3924816,05210,470
2019-12-05$317.55$300.0021.8%6.8%14.4%4.1%23.7%3.2%1.6%-474.9K2.6M-794.6K3.9131.57N/AN/A1475756,26610,744
2019-12-06$321.83$300.0020.8%6.7%15.2%1.0%23.9%3.3%1.7%1.5M-11.7M-776.9K1.4632.24N/AN/A1482166,33311,101
2019-12-09$324.49$310.0022.3%7.0%15.1%5.7%23.7%3.6%1.6%1.2M-18.8M-776.5K1.1732.55N/AN/A1732036,27410,338
2019-12-10$323.15$310.0022.9%7.0%14.8%7.6%24.7%3.6%1.3%888.7K-14.6M-771.7K0.8229.92N/AN/A3162596,34910,479
2019-12-11$328.71$310.0023.0%6.8%15.9%7.9%22.9%3.4%0.6%2.3M-33.3M-769.0K0.3526.40N/AN/A5521946,62010,666
2019-12-12$337.35$310.0022.8%6.7%17.8%7.2%24.0%3.5%0.7%4.0M-69.2M-767.3K0.4826.46N/AN/A3471657,08310,786
2019-12-13$332.82$310.0022.7%6.7%18.7%7.0%23.4%3.5%1.0%2.8M-54.1M-761.0K1.8531.62N/AN/A2845247,48210,825
2019-12-16$336.14$310.0021.7%6.2%18.9%3.8%22.2%3.2%0.5%3.4M-58.2M-750.0K0.2828.37N/AN/A322917,02910,881
2019-12-17$331.54$310.0023.1%6.7%18.4%8.2%21.8%3.4%-0.8%3.0M-41.2M-740.5K0.1628.28N/AN/A356587,11710,913
2019-12-18$332.27$310.0023.3%6.7%18.4%9.1%23.7%3.4%-0.8%4.6M-46.6M-743.7K8.0926.71N/AN/A453647,30310,947
2019-12-19$334.08$310.0023.1%6.7%17.5%8.5%24.4%3.4%-0.8%6.2M-53.8M-742.7K0.5226.63N/AN/A2121117,30011,049
2019-12-20$337.77$310.0021.8%6.3%17.7%4.0%24.2%3.0%-0.2%6.9M-78.7M-728.2K1.5924.20N/AN/A5068067,46511,132
2019-12-23$337.23$310.0021.5%6.3%16.6%3.0%22.6%2.5%9.7%1.4M-34.4M-733.8K2.8225.42N/AN/A1062996,23010,046
2019-12-24$337.67$310.0021.6%6.3%16.6%3.3%19.3%3.1%10.1%1.1M-33.8M-742.9K1.7127.04N/AN/A2794766,29410,286
2019-12-26$338.65$310.0023.6%6.5%16.5%10.0%22.9%3.1%10.4%1.8M-37.0M-740.8K0.2427.10N/AN/A4901166,50510,388
2019-12-27$337.11$310.0025.9%6.7%16.6%17.3%23.1%2.8%9.8%796.8K-33.3M-735.6K2.5323.88N/AN/A751906,54210,399
2019-12-30$338.53$310.0030.6%6.9%16.3%32.8%25.1%3.5%-0.8%326.8K-31.6M-717.0K0.8425.61N/AN/A1641376,21210,200
2019-12-31$338.13$310.0031.8%6.8%16.1%36.7%22.7%3.2%-1.1%68.2K-29.6M-731.1K3.6624.38N/AN/A1344906,34510,322