GWW Options History — February 2020

In February 2020, GWW traded between $273.84 and $314.28. ATM implied volatility averaged 27.1%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 3.4% (HV 20d: 30.6%). Max pain ranged from $302.50 to $330.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 1.47.

Notable Days

  • 2020-02-18: Highest Volume — 1,164 contracts
  • 2020-02-28: Largest IV spike — 22.5% change
  • 2020-02-28: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$300.72$273.84$314.28$303.43$273.84
Max Pain$319.61$302.50$330.00$330.00$302.50
ATM IV27.1%22.8%46.7%25.1%46.7%
Expected Move7.9%6.2%15.1%7.1%15.1%
HV 20d30.6%24.3%35.2%24.3%32.0%
HV 60d22.2%19.5%24.9%19.5%24.9%
IV Rank29.0%10.2%100.0%21.0%100.0%
IV Percentile43.3%19.0%100.0%40.9%100.0%
Term Structure-0.4%-1.8%0.2%-0.2%-1.8%
VWIV27.6%22.2%50.3%23.6%50.3%
Skew 25d3.8%2.3%8.2%3.2%8.2%
Skew 10d7.7%5.3%14.8%6.4%11.3%
Call IV 25d25.8%21.9%43.8%23.9%43.8%
Put IV 25d29.6%24.5%52.0%27.1%52.0%
Bid-Ask Spread %32.7218.5244.0033.8943.91
Gamma HHI0.120.070.450.100.09
Net GEX-1.8M-7.7M1.2M-2.6M-1.3M
Net DEX38.9M17.5M55.3M55.2M55.3M
Net VEX-657.7K-674.7K-573.8K-665.6K-573.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.470.186.091.592.29
Total Volume535.1581421,164349516
Total OI11,096.47410,08912,69110,76210,089

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$303.43$330.0025.1%7.1%24.3%21.0%23.6%3.2%-0.2%-2.6M55.2M-665.6K1.5933.89N/AN/A1352143,7467,016
2020-02-04$308.51$330.0023.9%6.7%25.3%15.2%22.2%3.0%-0.4%-2.6M43.9M-666.4K1.2734.99N/AN/A4846143,8406,990
2020-02-05$314.28$330.0022.8%6.2%26.5%10.4%22.5%2.3%-0.0%-1.4M24.5M-671.9K0.4734.69N/AN/A106504,0856,744
2020-02-06$310.18$330.0022.9%6.5%26.1%10.8%27.8%2.6%-0.1%-1.5M32.1M-664.6K0.3938.33N/AN/A3431344,1456,760
2020-02-07$300.58$330.0024.2%7.0%27.6%16.8%24.0%3.3%-1.0%-3.5M48.2M-664.6K0.6433.72N/AN/A2941884,2436,844
2020-02-10$297.28$330.0024.2%6.8%27.6%16.6%23.0%3.0%-0.4%-1.6M46.3M-653.8K3.0924.71N/AN/A1213744,0886,573
2020-02-11$301.76$320.0023.7%6.7%28.3%14.2%23.0%2.8%-0.3%-1.5M38.6M-664.8K0.3332.82N/AN/A200654,1426,638
2020-02-12$311.82$320.0023.1%6.6%31.5%11.8%22.9%2.9%-0.0%-516.5K17.5M-669.3K0.1829.09N/AN/A8791584,2436,704
2020-02-13$305.43$320.0023.5%6.7%32.0%13.5%24.2%2.9%-0.2%-131.0K30.1M-674.7K1.2331.10N/AN/A2332874,8286,760
2020-02-14$306.81$320.0022.8%6.5%32.0%10.2%23.9%2.6%-0.5%1.2M29.1M-674.4K1.0035.88N/AN/A71714,9207,028
2020-02-18$307.77$320.0023.6%6.8%32.2%14.2%22.9%3.6%0.2%-468.7K26.6M-665.4K1.2230.73N/AN/A5246404,5976,674
2020-02-19$307.24$320.0023.3%6.7%32.0%12.7%23.0%3.4%0.1%-2.8M31.7M-666.3K0.4031.12N/AN/A200795,0027,181
2020-02-20$310.34$320.0023.8%6.8%32.3%14.8%22.9%3.3%-0.3%-1.2M22.4M-667.1K0.3031.97N/AN/A5371615,0687,219
2020-02-21$303.74$310.0026.6%7.7%32.8%27.7%29.9%3.7%-0.6%-7.7M45.8M-665.1K1.9429.37N/AN/A1482875,3567,335
2020-02-24$297.34$310.0030.3%8.9%33.1%44.4%30.1%4.8%-0.7%-1.3M35.2M-661.5K0.6124.51N/AN/A1991213,8776,433
2020-02-25$285.77$310.0033.6%10.2%35.2%59.2%35.5%5.2%-0.8%-1.7M51.8M-649.7K4.1344.00N/AN/A1225043,9396,519
2020-02-26$286.09$310.0033.0%9.9%35.2%56.9%33.0%4.4%-0.7%-1.9M50.7M-643.9K0.7318.52N/AN/A1861363,9706,618
2020-02-27$281.47$310.0038.1%11.6%34.5%79.9%39.8%6.6%-0.9%-1.7M54.1M-634.3K6.0938.36N/AN/A1116764,0516,568
2020-02-28$273.84$302.5046.7%15.1%32.0%100.0%50.3%8.2%-1.8%-1.3M55.3M-573.8K2.2943.91N/AN/A1573594,0985,991