GWW Options History — August 2020

In August 2020, GWW traded between $338.97 and $366.78. ATM implied volatility averaged 25.7%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 8.9% (HV 20d: 16.8%). Max pain ranged from $330.00 to $350.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 2.14.

Notable Days

  • 2020-08-10: Highest Volume — 418 contracts
  • 2020-08-27: Largest IV spike — 10.7% change
  • 2020-08-03: Highest IV Rank — 15.6%
  • 2020-08-03: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$352.56$338.97$366.78$343.06$366.78
Max Pain$342.38$330.00$350.00$330.00$350.00
ATM IV25.7%23.1%29.1%29.1%25.2%
Expected Move7.4%6.6%8.3%8.3%7.2%
HV 20d16.8%14.0%26.3%25.8%14.1%
HV 60d27.3%24.6%30.8%30.6%24.6%
IV Rank9.5%4.6%15.6%15.6%8.6%
IV Percentile28.3%15.9%39.3%39.3%28.6%
Term Structure2.0%0.3%3.0%0.5%2.4%
VWIV25.9%23.2%30.9%30.9%25.0%
Skew 25d4.6%3.2%5.9%4.2%3.4%
Skew 10d9.5%6.4%16.7%8.8%6.5%
Call IV 25d24.0%21.2%27.3%27.3%23.6%
Put IV 25d28.6%25.9%31.5%31.5%27.0%
Bid-Ask Spread %80.4167.5691.5181.7491.51
Gamma HHI0.110.090.150.100.09
Net GEX840.1K146.8K1.6M312.2K705.5K
Net DEX-41.2M-53.6M-23.5M-29.5M-53.6M
Net VEX-391.5K-445.2K-344.0K-436.6K-357.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.140.0810.501.732.11
Total Volume115.762114189028
Total OI9,274.0958,9199,5549,0289,418

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$343.06$330.0029.1%8.3%25.8%15.6%30.9%4.2%0.5%312.2K-29.5M-436.6K1.7381.74N/AN/A33573,1295,899
2020-08-04$338.97$330.0028.6%8.2%26.3%14.8%28.4%4.3%0.3%146.8K-23.5M-445.2K0.7283.06N/AN/A18133,1275,926
2020-08-05$344.07$330.0027.6%7.9%20.3%13.0%27.5%3.2%0.8%371.8K-30.5M-430.7K0.3586.89N/AN/A2383,1325,936
2020-08-06$346.00$330.0025.9%7.9%20.3%9.7%0.0%5.2%1.7%492.8K-33.9M-418.5K2.1771.85N/AN/A24523,1335,941
2020-08-07$348.37$330.0027.7%7.9%20.3%13.2%25.9%5.9%2.2%597.0K-36.6M-418.0K1.4169.01N/AN/A54763,1155,930
2020-08-10$351.50$330.0028.6%8.3%17.9%14.7%28.5%4.6%1.4%796.8K-39.5M-408.2K0.2867.56N/AN/A326923,0965,935
2020-08-11$352.79$330.0026.5%7.8%16.7%10.8%28.6%5.2%1.9%1.1M-42.6M-406.4K1.9073.64N/AN/A1242353,3415,943
2020-08-12$355.38$340.0025.5%7.3%15.4%9.0%26.4%4.8%2.6%1.1M-45.3M-409.0K0.4276.50N/AN/A62263,4096,093
2020-08-13$352.28$340.0025.9%7.4%15.8%9.8%26.4%5.5%2.4%1.0M-41.7M-407.6K1.7975.21N/AN/A19343,4116,105
2020-08-14$350.65$350.0025.2%7.2%15.4%8.5%24.0%4.3%2.2%1.0M-39.7M-406.2K1.8877.34N/AN/A8153,4116,100
2020-08-17$351.45$350.0025.3%7.2%15.4%8.6%26.0%5.4%2.4%1.2M-42.0M-382.5K10.5077.70N/AN/A6633,4166,101
2020-08-18$352.53$350.0024.1%6.9%14.0%6.5%24.4%3.6%2.2%1.3M-44.6M-368.0K1.0080.14N/AN/A663,4176,120
2020-08-19$351.29$350.0024.2%6.9%14.1%6.7%24.6%4.3%2.1%1.3M-42.2M-376.2K1.1081.59N/AN/A39433,4196,120
2020-08-20$353.96$350.0024.6%7.1%14.3%7.5%23.4%4.2%2.7%1.6M-45.9M-375.9K0.5781.38N/AN/A743,4276,126
2020-08-21$352.90$350.0024.8%7.1%14.3%7.9%24.0%3.8%2.3%1.4M-44.9M-364.0K0.0882.62N/AN/A148123,4306,124
2020-08-24$348.28$350.0023.9%6.9%15.1%6.2%24.2%5.4%2.5%372.2K-35.5M-366.3K0.7284.63N/AN/A25183,1765,743
2020-08-25$354.00$350.0024.4%7.0%14.3%7.1%24.0%5.5%1.7%597.9K-41.8M-358.8K2.1385.06N/AN/A32683,1885,767
2020-08-26$361.46$350.0023.1%6.6%14.5%4.6%23.2%4.7%3.0%799.0K-50.7M-344.0K6.5188.53N/AN/A352283,1955,830
2020-08-27$362.80$350.0025.6%7.3%14.3%9.2%25.7%4.8%1.6%748.5K-49.0M-374.1K3.3186.62N/AN/A551823,2076,016
2020-08-28$365.17$350.0024.4%7.0%14.3%7.0%27.2%4.4%2.9%637.4K-51.9M-368.6K4.2986.06N/AN/A241033,2456,159
2020-08-31$366.78$350.0025.2%7.2%14.1%8.6%25.0%3.4%2.4%705.5K-53.6M-357.6K2.1191.51N/AN/A9193,2456,173