GWW Options History — March 2021

In March 2021, GWW traded between $380.04 and $405.79. ATM implied volatility averaged 27.3%, placing in the 8.3% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 2.4% (HV 20d: 29.7%). Max pain ranged from $380.00 to $390.00. Net GEX was positive for 14 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 2.87.

Notable Days

  • 2021-03-08: Highest Volume — 251 contracts
  • 2021-03-10: Largest IV drop — 16.5% change
  • 2021-03-05: Highest IV Rank — 20.9%
  • 2021-03-04: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$395.49$380.04$405.79$388.69$401.63
Max Pain$380.87$380.00$390.00$380.00$390.00
ATM IV27.3%23.7%34.0%26.8%24.4%
Expected Move7.6%6.8%8.4%7.7%7.0%
HV 20d29.7%24.1%33.3%24.2%28.8%
HV 60d25.5%22.3%26.8%22.4%25.7%
IV Rank8.3%1.2%20.9%7.2%3.1%
IV Percentile24.1%0.4%64.3%19.8%2.8%
Term Structure3.6%0.4%6.3%0.8%5.2%
VWIV27.0%23.2%29.2%27.2%24.0%
Skew 25d3.0%1.1%4.8%3.0%3.3%
Skew 10d6.2%-0.4%13.8%4.5%7.1%
Call IV 25d25.6%22.3%28.3%26.3%22.8%
Put IV 25d28.6%25.4%32.8%29.3%26.1%
Bid-Ask Spread %87.0781.4993.2188.2191.77
Gamma HHI0.090.080.130.080.10
Net GEX40.2K-835.6K1.0M232.0K-533.3K
Net DEX8.6M-6.8M18.8M5.8M11.5M
Net VEX-411.3K-439.2K-374.4K-374.4K-416.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.870.1517.381.500.35
Total Volume107.1741625111535
Total OI6,020.7395,4736,5445,4736,144

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$388.69$380.0026.8%7.7%24.2%7.2%27.2%3.0%0.8%232.0K5.8M-374.4K1.5088.21N/AN/A46691,6533,820
2021-03-02$386.35$380.0027.3%7.8%24.1%8.1%27.9%3.0%0.5%76.2K9.8M-388.8K0.2389.09N/AN/A78181,6473,887
2021-03-03$390.49$380.0028.3%8.1%24.1%10.0%28.8%2.9%0.4%282.9K4.5M-381.7K13.0089.07N/AN/A172211,6923,884
2021-03-04$380.04$380.0029.4%8.4%24.6%12.1%28.8%4.5%1.7%-183.0K15.2M-409.0K0.6684.37N/AN/A29191,6874,069
2021-03-05$398.48$380.0034.0%7.9%29.1%20.9%28.0%3.4%3.9%343.2K34.4K-392.8K17.3881.49N/AN/A132261,7034,062
2021-03-08$399.04$380.0033.7%8.2%28.9%20.4%29.1%4.4%2.5%448.9K1.1M-415.2K1.3082.27N/AN/A1091421,6974,269
2021-03-09$390.54$380.0033.0%8.2%28.6%19.0%28.8%4.0%2.5%166.5K9.5M-424.1K1.3882.02N/AN/A21291,7064,394
2021-03-10$396.86$380.0027.6%7.9%28.9%8.6%28.5%2.9%3.3%497.9K3.3M-420.3K14.8085.31N/AN/A101481,7134,382
2021-03-11$387.18$380.0027.4%7.9%30.5%8.4%29.2%2.6%3.0%93.7K14.6M-439.2K1.6582.99N/AN/A20331,7164,524
2021-03-12$394.26$380.0027.4%7.9%30.9%8.3%27.8%3.0%3.5%399.2K8.2M-430.9K0.7882.64N/AN/A971,7174,542
2021-03-15$397.22$380.0027.4%7.9%30.8%8.3%27.8%1.1%3.2%572.4K4.1M-414.0K0.3883.17N/AN/A32121,7274,549
2021-03-16$390.83$380.0026.3%7.5%31.5%6.2%28.5%2.8%3.4%393.0K9.5M-421.2K1.3484.29N/AN/A32431,7564,551
2021-03-17$399.46$380.0027.0%7.7%32.3%7.5%26.3%2.4%2.8%686.3K1.3M-402.2K0.5586.02N/AN/A89491,7444,586
2021-03-18$405.79$380.0026.0%7.5%32.4%5.7%28.4%3.1%4.7%1.0M-6.8M-406.2K2.4183.30N/AN/A701691,8034,652
2021-03-19$404.10$380.0026.6%7.6%32.4%6.7%25.8%2.1%4.7%954.1K-2.3M-413.6K2.9187.07N/AN/A22641,7514,793
2021-03-22$399.92$380.0023.7%6.8%32.6%1.2%24.5%3.3%6.3%-672.6K15.1M-412.5K0.2888.05N/AN/A135381,2664,519
2021-03-23$393.24$380.0024.7%7.1%33.3%3.2%25.6%1.8%5.6%-835.6K18.8M-425.7K1.5591.72N/AN/A49761,3404,513
2021-03-24$396.07$380.0025.3%7.2%32.8%4.9%23.2%3.5%5.3%-671.4K16.2M-415.9K0.7392.66N/AN/A15111,3784,574
2021-03-25$397.66$380.0024.5%7.0%32.2%3.2%25.4%1.9%5.9%-635.1K15.5M-415.4K1.0091.54N/AN/A991,3914,582
2021-03-26$397.74$380.0024.8%7.1%31.5%3.9%24.7%4.8%5.3%-690.7K16.1M-414.1K0.5393.21N/AN/A73391,3994,583
2021-03-29$401.35$380.0025.0%7.2%29.0%4.3%26.0%1.6%6.0%-445.6K12.7M-413.6K1.2489.45N/AN/A17211,4374,602
2021-03-30$399.32$390.0026.8%7.7%29.0%8.8%26.9%4.6%3.3%-604.5K14.7M-412.3K0.1592.88N/AN/A80121,4534,620
2021-03-31$401.63$390.0024.4%7.0%28.8%3.1%24.0%3.3%5.2%-533.3K11.5M-416.6K0.3591.77N/AN/A2691,5184,626