GWW Options History — April 2020

In April 2020, GWW traded between $235.70 and $287.73. ATM implied volatility averaged 47.0%, placing in the 48.4% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded below realized volatility by 22.9% (HV 20d: 69.9%). Max pain ranged from $200.00 to $300.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.18.

Notable Days

  • 2020-04-22: Highest Volume — 1,257 contracts
  • 2020-04-14: Largest IV drop — 16.1% change
  • 2020-04-01: Highest IV Rank — 83.2%
  • 2020-04-01: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$268.89$235.70$287.73$235.70$276.43
Max Pain$285.24$200.00$300.00$300.00$280.00
ATM IV47.0%32.5%66.0%66.0%35.0%
Expected Move13.3%9.4%16.9%16.9%10.9%
HV 20d69.9%46.7%91.4%91.2%47.9%
HV 60d61.0%57.5%63.5%57.6%63.0%
IV Rank48.4%21.8%83.2%83.2%26.5%
IV Percentile85.0%59.5%96.4%96.4%68.7%
Term Structure-1.2%-3.6%0.5%-0.2%-0.1%
VWIV45.1%32.2%59.0%54.4%34.3%
Skew 25d11.8%6.1%19.3%17.6%7.7%
Skew 10d20.6%1.5%39.8%39.8%13.3%
Call IV 25d40.6%26.9%55.6%55.6%31.6%
Put IV 25d52.4%34.5%73.2%73.2%39.3%
Bid-Ask Spread %74.4963.7884.8584.8577.21
Gamma HHI0.100.070.580.070.07
Net GEX-1.0M-5.1M-388.5K-903.5K-591.3K
Net DEX37.2M13.6M64.5M64.0M26.2M
Net VEX-483.6K-517.6K-402.9K-405.2K-499.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.203.892.620.40
Total Volume322.714651,257134186
Total OI9,076.9057,9109,7548,9868,924

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$235.70$300.0066.0%16.9%91.2%83.2%54.4%17.6%-0.2%-903.5K64.0M-405.2K2.6284.85N/AN/A37973,4655,521
2020-04-02$236.91$200.0063.7%16.3%91.4%78.9%44.9%19.0%-0.6%-894.8K63.1M-403.1K3.8969.69N/AN/A732843,4755,484
2020-04-03$236.95$290.0060.1%16.0%91.3%72.4%49.9%19.3%-2.1%-913.4K64.5M-402.9K0.8374.10N/AN/A1881563,5225,576
2020-04-06$250.98$290.0052.6%14.9%89.0%58.7%49.9%13.3%0.1%-904.2K57.0M-434.6K1.7373.99N/AN/A641113,4535,488
2020-04-07$261.21$290.0051.9%14.3%86.6%57.4%46.2%15.1%-0.8%-968.2K48.5M-470.6K1.5676.38N/AN/A2413773,4805,531
2020-04-08$269.42$290.0051.1%14.2%87.5%55.9%48.7%11.9%-2.1%-1.2M42.2M-491.7K1.1376.77N/AN/A1061203,5765,824
2020-04-09$278.55$290.0050.3%13.5%77.8%54.5%45.6%14.0%-3.5%-478.7K30.4M-508.8K0.9475.29N/AN/A1541443,6585,874
2020-04-13$274.94$290.0052.9%15.0%77.9%59.2%54.0%13.0%-3.6%-1.2M37.2M-502.2K0.6079.16N/AN/A129783,5895,817
2020-04-14$287.73$290.0044.4%12.6%73.0%43.6%46.2%10.6%-0.1%-707.5K20.6M-512.7K2.8474.39N/AN/A451283,7105,871
2020-04-15$279.35$290.0047.7%13.7%73.9%49.8%49.8%13.2%-0.4%-800.6K31.1M-503.3K0.9773.11N/AN/A33323,7275,873
2020-04-16$280.03$290.0046.9%13.4%71.2%48.3%47.3%9.8%0.5%-605.9K29.5M-500.3K0.4271.86N/AN/A80343,7375,839
2020-04-17$280.45$290.0046.5%13.5%71.2%47.5%47.2%9.8%-1.4%-935.4K28.2M-497.4K0.6272.70N/AN/A1621003,7595,858
2020-04-20$275.19$290.0048.8%13.8%63.8%51.7%59.0%8.6%-2.6%-729.0K31.1M-493.4K0.5163.78N/AN/A3231652,8475,063
2020-04-21$270.98$290.0051.9%14.4%61.8%57.4%50.5%12.6%-1.4%-692.0K31.5M-512.0K0.2065.00N/AN/A112223,0845,146
2020-04-22$275.18$290.0043.6%12.8%46.7%42.2%44.4%12.2%-1.6%-642.1K27.4M-517.0K0.6866.29N/AN/A7505073,1475,161
2020-04-23$259.27$290.0038.2%11.4%51.5%32.4%39.7%7.8%-2.5%-1.4M54.5M-475.1K0.8478.82N/AN/A2622203,9015,694
2020-04-24$271.04$290.0037.0%11.2%53.4%30.0%35.4%10.9%-2.4%-5.1M36.9M-496.6K0.8775.26N/AN/A2432114,0095,745
2020-04-27$278.20$290.0032.6%9.4%53.4%22.1%32.2%7.6%-0.5%-766.9K25.6M-501.2K1.0082.06N/AN/A1641643,3155,279
2020-04-28$286.18$290.0032.5%10.3%53.7%21.8%34.7%6.1%0.3%-388.5K13.6M-517.6K1.2377.18N/AN/A1351663,4385,350
2020-04-29$282.09$280.0033.4%10.1%53.7%23.5%32.8%8.4%-1.1%-475.9K18.4M-511.0K0.8176.44N/AN/A96783,5135,292
2020-04-30$276.43$280.0035.0%10.9%47.9%26.5%34.3%7.7%-0.1%-591.3K26.2M-499.5K0.4077.21N/AN/A133533,6035,321