GWW Options History — May 2020

In May 2020, GWW traded between $267.54 and $313.90. ATM implied volatility averaged 34.0%, placing in the 24.7% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded below realized volatility by 8.0% (HV 20d: 42.0%). Max pain ranged from $280.00 to $280.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.43.

Notable Days

  • 2020-05-06: Highest Volume — 261 contracts
  • 2020-05-21: Largest IV spike — 7.4% change
  • 2020-05-01: Highest IV Rank — 31.1%
  • 2020-05-01: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$287.95$267.54$313.90$267.54$311.10
Max Pain$280.00$280.00$280.00$280.00$280.00
ATM IV34.0%30.0%37.5%37.5%31.1%
Expected Move10.0%8.8%11.9%11.9%8.8%
HV 20d42.0%35.6%50.1%50.0%35.7%
HV 60d63.4%62.7%64.0%63.2%63.4%
IV Rank24.7%17.4%31.1%31.1%19.3%
IV Percentile63.6%46.8%80.6%80.6%49.2%
Term Structure-0.1%-1.9%1.6%1.0%-0.1%
VWIV34.6%31.3%38.2%37.4%32.0%
Skew 25d7.6%4.8%10.6%5.5%8.9%
Skew 10d13.0%5.0%23.1%10.7%10.4%
Call IV 25d30.1%25.6%34.2%34.2%26.5%
Put IV 25d37.7%32.1%44.0%39.7%35.4%
Bid-Ask Spread %77.2064.4285.6464.4279.07
Gamma HHI0.080.060.120.070.09
Net GEX-219.9K-887.8K351.7K-887.8K351.7K
Net DEX12.8M-17.4M37.0M37.0M-15.4M
Net VEX-492.9K-505.6K-477.6K-480.9K-482.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.430.219.361.419.36
Total Volume143.87426194259
Total OI8,669.758,2618,9868,9868,704

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$267.54$280.0037.5%11.9%50.0%31.1%37.4%5.5%1.0%-887.8K37.0M-480.9K1.4164.42N/AN/A39553,6535,333
2020-05-04$271.69$280.0037.1%11.2%50.1%30.3%38.2%10.6%-0.6%-743.9K31.8M-486.9K0.4468.79N/AN/A64283,4475,135
2020-05-05$280.22$280.0036.0%10.4%47.3%28.3%36.9%6.2%0.0%-532.7K21.2M-502.4K0.6772.07N/AN/A58393,5075,136
2020-05-06$280.82$280.0034.0%10.5%45.5%24.5%34.6%6.2%-0.7%-427.0K20.5M-500.6K0.2174.66N/AN/A215463,5495,150
2020-05-07$280.94$280.0033.1%10.2%44.4%22.9%34.1%4.8%-0.8%-377.9K20.5M-499.1K1.2366.29N/AN/A52643,7175,180
2020-05-08$284.52$280.0033.2%9.9%43.0%23.2%33.3%5.8%-0.4%-85.3K14.4M-505.6K0.9876.64N/AN/A53523,7295,223
2020-05-11$286.35$280.0033.6%9.3%42.8%23.8%34.0%8.8%-1.5%-179.3K14.4M-504.7K2.0876.15N/AN/A24503,5865,183
2020-05-12$278.25$280.0034.6%9.7%40.8%25.7%32.5%7.9%0.2%-554.0K24.6M-492.2K0.5679.74N/AN/A61343,5975,207
2020-05-13$271.08$280.0036.8%10.7%40.5%29.8%37.6%8.3%0.8%-809.9K33.7M-477.6K3.5075.67N/AN/A24843,6435,226
2020-05-14$275.78$280.0036.7%10.7%41.1%29.6%37.0%9.3%-0.9%-700.1K28.9M-487.6K1.0177.72N/AN/A85863,6495,271
2020-05-15$277.61$280.0036.4%10.5%41.1%29.1%37.6%7.8%0.0%93.5K26.2M-490.0K1.4678.56N/AN/A48703,6815,262
2020-05-18$291.83$280.0034.6%10.0%44.2%25.7%34.3%8.6%-1.9%-240.6K9.3M-500.9K0.4381.48N/AN/A135583,2724,989
2020-05-19$288.38$280.0033.8%9.6%44.0%24.2%32.2%8.5%-0.6%-217.9K12.2M-498.0K0.3882.21N/AN/A55213,3415,009
2020-05-20$296.51$280.0031.6%9.1%44.7%20.3%32.7%7.1%1.3%57.2K2.3M-497.4K0.7880.88N/AN/A1401093,3795,006
2020-05-21$294.43$280.0034.0%9.8%38.2%24.6%31.3%7.9%-0.1%-40.0K4.0M-496.8K0.2880.39N/AN/A85243,4355,069
2020-05-22$293.16$280.0033.3%9.6%35.6%23.3%35.5%7.2%-1.2%317.7K6.5M-494.5K2.3176.60N/AN/A32743,4545,076
2020-05-26$304.57$280.0032.4%9.6%36.9%21.8%32.3%8.8%0.8%8.0K-5.0M-493.2K0.2484.05N/AN/A155373,3445,087
2020-05-27$313.90$280.0030.0%8.9%37.0%17.4%33.8%6.9%1.6%232.9K-17.4M-484.1K0.5682.95N/AN/A135763,4285,106
2020-05-28$310.24$280.0031.1%8.8%36.9%19.3%34.2%6.5%0.6%337.3K-14.5M-482.8K0.7985.64N/AN/A84663,4875,145
2020-05-29$311.10$280.0031.1%8.8%35.7%19.3%32.0%8.9%-0.1%351.7K-15.4M-482.5K9.3679.07N/AN/A252343,5245,180