GWW Options History — January 2020

In January 2020, GWW traded between $301.85 and $343.71. ATM implied volatility averaged 32.3%, placing in the 44.2% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 17.2% (HV 20d: 15.1%). Max pain ranged from $320.00 to $340.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 2.05.

Notable Days

  • 2020-01-29: Highest Volume — 3,097 contracts
  • 2020-01-30: Largest IV drop — 28.9% change
  • 2020-01-27: Highest IV Rank — 63.6%
  • 2020-01-29: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$333.56$301.85$343.71$343.43$301.85
Max Pain$336.79$320.00$340.00$320.00$332.50
ATM IV32.3%24.0%34.6%33.0%25.8%
Expected Move8.7%6.9%10.6%6.9%7.6%
HV 20d15.1%11.3%23.9%15.9%23.9%
HV 60d17.2%15.7%20.8%20.8%19.6%
IV Rank44.2%15.7%63.6%40.8%24.0%
IV Percentile67.7%32.5%76.2%69.8%47.6%
Term Structure-1.6%-2.7%0.3%-0.7%0.3%
VWIV30.8%24.5%37.2%24.9%26.7%
Skew 25d4.0%3.0%5.0%3.7%3.0%
Skew 10d8.0%5.7%10.6%7.6%6.4%
Call IV 25d30.6%22.8%32.8%31.8%24.7%
Put IV 25d34.6%26.5%37.0%35.6%27.7%
Bid-Ask Spread %37.1215.9461.8425.3936.59
Gamma HHI0.100.050.250.100.10
Net GEX-645.6K-6.8M1.8M776.2K-3.6M
Net DEX-6.7M-45.8M90.2M-45.4M90.2M
Net VEX-695.4K-740.2K-668.6K-712.6K-669.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.050.388.062.141.60
Total Volume731.9052373,097902822
Total OI14,712.0489,46518,85416,91512,800

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$343.43$320.0033.0%6.9%15.9%40.8%24.9%3.7%-0.7%776.2K-45.4M-712.6K2.1425.39N/AN/A2876156,44210,473
2020-01-03$341.83$320.0033.9%7.2%15.9%43.4%24.8%4.0%-1.9%-2.3M-35.0M-719.9K2.2324.30N/AN/A3928756,56111,021
2020-01-06$337.07$340.0034.6%8.7%17.0%47.6%31.8%3.6%-1.9%-186.6K-17.7M-740.2K8.0646.98N/AN/A514116,65110,842
2020-01-07$337.81$340.0034.3%8.6%16.6%46.5%33.8%3.9%-1.8%-445.9K-19.7M-734.4K1.3247.24N/AN/A1021356,68310,993
2020-01-08$341.69$340.0033.9%8.6%16.8%46.6%32.0%3.0%-2.4%-65.1K-33.7M-715.3K1.5348.78N/AN/A1111706,73611,082
2020-01-09$342.32$340.0033.6%8.5%16.6%46.8%29.2%4.1%-2.5%-32.7K-35.0M-710.9K1.3048.18N/AN/A1091426,76311,175
2020-01-10$341.23$340.0034.0%8.7%15.8%48.6%30.9%5.0%-2.5%-127.9K-28.8M-705.1K2.6548.44N/AN/A2306106,81611,222
2020-01-13$343.71$340.0032.9%8.9%13.2%44.7%30.8%4.2%-0.9%1.4M-45.8M-690.9K2.1540.06N/AN/A1222626,61710,554
2020-01-14$340.70$340.0032.6%8.8%12.7%43.7%31.2%4.4%-0.9%1.1M-33.2M-686.8K0.8834.24N/AN/A4834266,63510,759
2020-01-15$338.87$340.0033.0%8.8%12.4%45.1%31.2%4.9%-2.0%1.1M-22.6M-687.0K0.5637.99N/AN/A2081177,03011,085
2020-01-16$340.58$340.0032.7%8.8%11.3%43.9%29.8%4.2%-2.7%1.7M-30.1M-677.4K0.3855.12N/AN/A4651797,18011,163
2020-01-17$339.18$340.0030.7%8.3%11.5%36.5%28.2%3.7%-2.4%1.8M-17.7M-668.6K0.5646.59N/AN/A4992817,55211,302
2020-01-21$334.65$340.0031.3%8.9%12.4%38.9%31.9%3.7%-1.4%-779.5K514.0K-677.0K1.5215.94N/AN/A2423673,2986,167
2020-01-22$331.02$340.0031.6%9.1%12.3%40.1%31.9%4.2%-1.7%-1.4M8.2M-680.4K1.0519.99N/AN/A1952053,3746,405
2020-01-23$332.73$340.0032.0%9.3%12.5%41.5%32.3%3.8%-2.1%-1.4M4.5M-687.7K4.4617.89N/AN/A813613,5276,520
2020-01-24$328.19$340.0032.8%9.5%13.3%55.7%32.9%4.4%-1.6%-1.3M14.6M-690.1K2.4225.17N/AN/A1002423,5646,750
2020-01-27$322.98$337.5034.5%10.4%14.1%63.6%35.8%4.5%-1.2%-1.1M17.2M-698.2K0.9431.91N/AN/A1371293,4206,505
2020-01-28$323.62$337.5032.7%9.9%14.2%55.1%34.5%3.7%-2.0%-1.1M16.1M-690.8K0.8829.14N/AN/A1851633,5466,605
2020-01-29$328.32$332.5033.8%10.6%15.2%60.1%37.2%4.6%-1.7%-836.2K7.3M-686.8K1.6837.69N/AN/A1,1551,9423,6546,711
2020-01-30$313.01$332.5024.0%6.9%22.4%15.7%24.5%3.7%0.1%-6.8M64.8M-674.1K4.7061.84N/AN/A3091,4534,4898,281
2020-01-31$301.85$332.5025.8%7.6%23.9%24.0%26.7%3.0%0.3%-3.6M90.2M-669.5K1.6036.59N/AN/A3165064,5868,214