GWW Options History — February 2021

In February 2021, GWW traded between $364.39 and $386.63. ATM implied volatility averaged 29.2%, placing in the 12.0% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 4.5% (HV 20d: 24.7%). Max pain ranged from $370.00 to $390.00. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 3.04.

Notable Days

  • 2021-02-03: Highest Volume — 731 contracts
  • 2021-02-03: Largest IV drop — 29.5% change
  • 2021-02-01: Highest IV Rank — 43.9%
  • 2021-02-01: Largest Expected Move — 13.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$374.75$364.39$386.63$369.44$374.75
Max Pain$373.16$370.00$390.00$390.00$380.00
ATM IV29.2%24.1%45.8%45.8%30.1%
Expected Move8.5%7.3%13.1%13.1%8.6%
HV 20d24.7%21.4%28.2%26.4%22.1%
HV 60d22.1%20.3%24.0%23.6%21.0%
IV Rank12.0%2.5%43.9%43.9%13.5%
IV Percentile32.5%4.4%86.9%86.9%45.2%
Term Structure-0.0%-8.1%3.6%-6.6%0.2%
VWIV31.0%27.1%46.3%46.3%29.6%
Skew 25d3.0%-0.2%6.7%2.5%3.6%
Skew 10d5.5%-8.2%17.5%-8.2%2.8%
Call IV 25d29.5%26.9%46.2%46.2%29.0%
Put IV 25d32.5%28.7%48.7%48.7%32.6%
Bid-Ask Spread %83.7476.3791.7091.7086.07
Gamma HHI0.100.080.300.080.08
Net GEX-396.9K-1.0M1.5M-789.0K-409.2K
Net DEX16.9M6.8M26.2M21.0M17.8M
Net VEX-353.0K-394.2K-336.8K-344.0K-388.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.040.0013.901.890.15
Total Volume197.211473110771
Total OI5,232.4214,4835,7494,4835,428

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$369.44$390.0045.8%13.1%26.4%43.9%46.3%2.5%-6.6%-789.0K21.0M-344.0K1.8991.70N/AN/A37701,3533,130
2021-02-02$373.39$390.0043.9%12.6%24.4%40.2%41.7%6.7%-8.1%-693.8K18.6M-342.6K0.4382.04N/AN/A3851661,3833,193
2021-02-03$364.39$380.0030.9%8.9%25.4%15.5%29.0%4.8%-0.8%-1.0M26.2M-336.8K0.2091.25N/AN/A6081231,6963,338
2021-02-04$369.89$370.0024.5%7.7%26.2%3.3%27.8%1.8%3.6%-704.7K20.9M-342.0K0.1876.37N/AN/A176321,7563,389
2021-02-05$367.71$370.0024.1%7.7%25.8%2.5%28.0%2.5%-0.6%-667.4K20.1M-346.3K0.6478.41N/AN/A84541,8493,386
2021-02-08$378.67$370.0025.0%7.7%28.2%4.3%31.2%3.2%1.8%-65.6K9.4M-345.7K4.6882.03N/AN/A281311,8823,413
2021-02-09$376.20$370.0025.3%7.6%28.1%4.8%34.6%2.3%1.0%-335.6K14.3M-353.3K2.6778.96N/AN/A24641,8883,527
2021-02-10$375.61$370.0027.1%7.8%26.4%8.3%32.9%2.6%2.2%-371.5K15.2M-352.6K1.5278.54N/AN/A29441,8943,549
2021-02-11$373.38$370.0028.0%8.0%24.5%9.9%32.1%3.7%1.1%-635.7K18.8M-348.5K1.0678.52N/AN/A36381,8873,580
2021-02-12$371.88$370.0028.0%8.0%24.3%10.0%28.5%3.9%0.6%-664.4K20.0M-349.9K0.0081.29N/AN/A401,8883,604
2021-02-16$370.97$370.0027.6%7.9%23.8%9.2%28.2%2.0%1.0%-846.8K20.4M-341.2K13.9082.22N/AN/A212921,8793,591
2021-02-17$371.83$370.0027.2%7.8%23.2%8.0%27.1%-0.2%1.3%-777.5K22.6M-357.4K13.2084.92N/AN/A101321,8863,808
2021-02-18$376.67$370.0026.9%7.7%23.8%7.4%28.3%4.5%0.8%-330.2K18.3M-358.9K0.9485.55N/AN/A50471,8903,825
2021-02-19$380.68$370.0025.6%7.3%24.3%4.9%27.5%1.6%2.0%1.5M11.6M-349.8K1.1486.91N/AN/A64731,9303,819
2021-02-22$378.31$370.0027.3%7.8%24.1%8.1%28.4%2.0%0.4%-343.1K13.2M-353.4K0.2985.34N/AN/A137401,3773,307
2021-02-23$379.24$370.0028.0%8.0%23.5%9.4%29.6%3.2%0.7%-187.1K12.3M-354.6K1.3586.25N/AN/A46621,5113,326
2021-02-24$386.63$370.0028.7%8.2%22.6%10.8%28.6%2.9%-1.3%18.9K6.8M-346.9K12.7687.70N/AN/A334211,5453,373
2021-02-25$380.68$370.0030.8%8.8%21.4%14.8%30.2%3.4%0.2%-239.1K13.6M-394.2K0.7287.08N/AN/A67481,5663,770
2021-02-26$374.75$380.0030.1%8.6%22.1%13.5%29.6%3.6%0.2%-409.2K17.8M-388.7K0.1586.07N/AN/A6291,6153,813