GWW Options History — July 2020

In July 2020, GWW traded between $307.59 and $341.60. ATM implied volatility averaged 33.6%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 3.3% (HV 20d: 30.2%). Max pain ranged from $280.00 to $330.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.81.

Notable Days

  • 2020-07-06: Highest Volume — 2,003 contracts
  • 2020-07-13: Largest IV spike — 31.3% change
  • 2020-07-13: Highest IV Rank — 46.8%
  • 2020-07-13: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$328.36$307.59$341.60$309.66$339.65
Max Pain$313.64$280.00$330.00$310.00$330.00
ATM IV33.6%27.1%46.1%32.2%27.6%
Expected Move10.0%7.8%12.0%9.2%7.9%
HV 20d30.2%25.8%34.2%30.9%25.8%
HV 60d34.4%30.5%37.7%37.7%30.5%
IV Rank23.8%12.1%46.8%21.4%12.9%
IV Percentile57.4%32.5%87.3%47.2%34.9%
Term Structure-1.3%-5.8%8.6%8.2%1.3%
VWIV35.4%26.4%43.3%30.6%27.9%
Skew 25d6.3%3.9%8.3%6.8%4.8%
Skew 10d12.4%8.0%17.5%17.5%10.7%
Call IV 25d32.0%25.4%38.7%29.5%26.1%
Put IV 25d38.3%29.9%45.6%36.3%30.9%
Bid-Ask Spread %74.5261.7892.3590.1484.88
Gamma HHI0.140.090.500.130.09
Net GEX104.4K-911.4K3.4M-911.4K41.1K
Net DEX-16.3M-40.7M9.5M7.0M-22.6M
Net VEX-479.6K-521.6K-445.8K-521.6K-449.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.011.560.920.01
Total Volume349.227222,00325211
Total OI9,610.4558,35511,0249,7978,926

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$309.66$310.0032.2%9.2%30.9%21.4%30.6%6.8%8.2%-911.4K7.0M-521.6K0.9290.14N/AN/A13123,3856,412
2020-07-02$317.76$310.0028.2%8.1%32.2%14.1%31.6%6.9%8.6%-667.8K-3.4M-510.9K1.5392.35N/AN/A36553,3906,413
2020-07-06$321.60$280.0030.1%10.8%31.6%17.5%40.3%8.3%-2.7%-521.2K-8.0M-504.3K1.1661.78N/AN/A9261,0773,3986,413
2020-07-07$321.07$280.0031.2%10.8%30.8%19.4%36.2%8.2%-2.9%40.3K-11.2M-499.0K0.9865.98N/AN/A55543,6986,419
2020-07-08$307.59$300.0034.2%11.3%34.2%25.0%38.9%7.8%-3.3%-796.3K9.5M-511.6K0.2364.85N/AN/A294693,6976,432
2020-07-09$308.96$300.0033.7%11.1%33.7%24.0%39.8%7.2%-3.4%-709.9K7.1M-506.7K0.9167.09N/AN/A54493,6876,476
2020-07-10$310.04$300.0035.1%11.5%29.6%26.7%42.0%7.8%-3.9%-784.3K6.3M-506.4K1.1767.95N/AN/A24283,6926,506
2020-07-13$320.07$300.0046.1%12.0%30.9%46.8%43.3%6.9%-5.8%-181.5K-8.7M-496.8K0.8267.83N/AN/A7185883,7056,503
2020-07-14$327.10$310.0037.4%11.6%31.5%30.9%43.3%7.9%-5.0%925.0K-25.1M-491.1K0.8868.41N/AN/A50444,1386,781
2020-07-15$334.30$310.0040.3%11.6%31.1%36.2%41.5%7.4%-3.4%1.4M-40.0M-478.4K1.5664.00N/AN/A6901,0794,1366,792
2020-07-16$333.11$320.0040.7%11.7%31.2%37.0%42.6%7.5%-3.6%1.9M-40.7M-479.1K0.4769.68N/AN/A102484,1926,832
2020-07-17$330.13$320.0038.8%11.1%30.4%33.3%38.5%6.4%-3.2%3.4M-36.4M-472.1K0.7177.03N/AN/A1871324,1716,853
2020-07-20$330.65$320.0038.8%11.1%30.3%33.5%38.7%7.8%-4.2%-407.2K-12.8M-473.2K0.6970.38N/AN/A32222,7305,625
2020-07-21$337.36$320.0036.9%10.6%30.7%29.9%34.6%6.3%-3.8%-265.3K-20.4M-462.6K0.0770.71N/AN/A164122,7405,626
2020-07-22$338.91$320.0038.2%11.0%30.5%32.4%38.4%5.0%-3.7%-95.7K-23.9M-454.9K1.4470.90N/AN/A1231772,9005,632
2020-07-23$339.48$320.0027.3%7.8%29.2%12.4%27.5%4.7%0.2%-64.0K-23.7M-447.1K0.9879.41N/AN/A1181162,9435,795
2020-07-24$341.60$330.0029.0%8.3%29.0%15.5%30.0%3.9%0.2%45.9K-25.2M-461.6K0.5280.20N/AN/A73382,9765,854
2020-07-27$340.24$330.0028.3%8.1%28.7%14.3%31.9%4.7%0.3%31.4K-23.9M-454.2K1.2080.11N/AN/A35422,9815,875
2020-07-28$334.26$330.0029.3%8.4%28.5%16.0%27.9%4.4%0.1%-142.3K-16.2M-469.1K0.1382.78N/AN/A4663,0115,893
2020-07-29$340.78$330.0027.4%7.9%27.3%12.6%26.7%4.1%-0.0%58.0K-24.1M-445.8K0.1781.88N/AN/A5392,9895,895
2020-07-30$339.61$330.0027.1%7.8%27.0%12.1%26.4%4.0%1.2%50.0K-22.6M-454.4K1.2081.01N/AN/A10123,0225,896
2020-07-31$339.65$330.0027.6%7.9%25.8%12.9%27.9%4.8%1.3%41.1K-22.6M-449.9K0.0184.88N/AN/A20923,0255,901