GWW Options History — July 2021

In July 2021, GWW traded between $443.99 and $460.82. ATM implied volatility averaged 26.1%, placing in the 26.7% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 6.8% (HV 20d: 19.2%). Max pain ranged from $430.00 to $450.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.35.

Notable Days

  • 2021-07-29: Highest Volume — 307 contracts
  • 2021-07-30: Largest IV drop — 25.6% change
  • 2021-07-28: Highest IV Rank — 48.5%
  • 2021-07-28: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$454.02$443.99$460.82$443.99$444.43
Max Pain$444.76$430.00$450.00$440.00$450.00
ATM IV26.1%18.8%31.9%20.9%21.5%
Expected Move8.0%5.4%9.1%6.0%6.2%
HV 20d19.2%16.2%22.5%16.4%22.5%
HV 60d19.4%18.2%19.7%19.0%19.6%
IV Rank26.7%0.0%48.5%4.9%9.7%
IV Percentile46.1%0.0%85.3%5.6%12.7%
Term Structure-1.6%-4.4%7.5%6.2%1.3%
VWIV28.6%20.4%32.7%20.4%21.4%
Skew 25d3.4%1.0%6.6%2.0%2.7%
Skew 10d8.0%2.9%17.5%5.8%3.2%
Call IV 25d27.4%19.8%32.0%20.2%19.8%
Put IV 25d30.8%22.1%35.3%22.1%22.5%
Bid-Ask Spread %80.5070.5297.5995.4990.52
Gamma HHI0.140.100.250.120.12
Net GEX-320.4K-706.3K377.0K-537.1K-649.2K
Net DEX-9.0M-15.8M-3.6M-3.6M-3.6M
Net VEX-173.5K-201.7K-145.6K-201.7K-164.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.350.007.670.110.28
Total Volume61.81230720113
Total OI5,642.0485,2855,9295,6565,533

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$443.99$440.0020.9%6.0%16.4%4.9%20.4%2.0%6.2%-537.1K-3.6M-201.7K0.1195.49N/AN/A1821,0584,598
2021-07-02$447.08$440.0018.8%5.4%16.6%0.0%20.5%1.2%7.5%-383.0K-5.9M-196.0K1.0097.59N/AN/A21211,0744,599
2021-07-06$447.60$430.0021.3%8.0%16.2%9.0%29.0%3.6%-2.2%-282.7K-6.8M-183.1K7.6770.52N/AN/A3231,0874,618
2021-07-07$457.71$440.0020.4%8.1%18.1%5.6%28.0%2.7%-2.3%27.0K-13.8M-167.6K0.3373.98N/AN/A90301,0904,625
2021-07-08$448.38$440.0021.3%8.8%19.4%9.0%30.6%5.2%-4.4%-257.1K-7.8M-181.5K0.6778.36N/AN/A15101,1544,635
2021-07-09$455.87$440.0020.6%8.0%20.4%6.5%0.0%3.2%-1.0%13.8K-12.2M-176.5K0.0075.88N/AN/A201,1574,643
2021-07-12$457.51$440.0024.5%8.4%20.4%20.8%30.0%5.7%-4.3%193.6K-15.3M-145.6K1.0774.77N/AN/A74791,1594,643
2021-07-13$454.88$440.0025.7%8.7%20.3%25.2%30.0%4.5%-4.0%-23.0K-11.2M-171.2K0.2576.08N/AN/A821,1994,712
2021-07-14$457.18$440.0027.9%8.0%20.2%33.7%27.9%1.8%-3.0%-67.0K-11.9M-182.8K1.0077.58N/AN/A331,2024,713
2021-07-15$458.49$440.0026.2%7.5%19.0%27.5%26.3%1.6%-1.3%377.0K-15.8M-150.0K1.8981.08N/AN/A18341,2014,715
2021-07-16$453.76$450.0029.1%8.3%17.9%38.0%28.3%1.0%-3.1%-433.5K-11.3M-154.1K0.0681.88N/AN/A7851,2034,726
2021-07-19$448.18$450.0030.3%8.7%18.5%42.4%30.6%3.8%-3.5%-706.3K-4.3M-181.4K0.7377.96N/AN/A37278244,461
2021-07-20$458.90$450.0029.3%8.4%19.8%38.7%29.9%1.7%-2.6%-519.9K-8.6M-179.8K3.8875.90N/AN/A261018544,485
2021-07-21$457.82$450.0028.0%8.0%19.8%33.8%32.4%6.6%-1.1%-490.0K-8.2M-174.2K5.0080.60N/AN/A3158694,586
2021-07-22$455.06$450.0028.7%8.2%20.0%36.6%28.5%3.0%-1.4%-609.6K-6.4M-180.9K0.5078.54N/AN/A42218724,591
2021-07-23$459.31$450.0029.4%8.4%19.9%39.3%29.6%5.0%-2.2%-406.6K-10.1M-162.6K1.0082.48N/AN/A229144,603
2021-07-26$456.31$450.0031.4%9.0%20.1%46.7%32.1%4.0%-3.8%-458.1K-8.3M-169.5K0.7175.31N/AN/A14109144,603
2021-07-27$456.21$450.0031.7%9.1%20.1%47.8%32.5%3.3%-3.5%-557.3K-7.8M-172.5K0.7079.36N/AN/A20149174,594
2021-07-28$454.95$450.0031.9%9.1%20.0%48.5%32.7%3.6%-3.9%-548.3K-7.3M-174.9K0.6779.24N/AN/A329254,599
2021-07-29$460.82$450.0028.8%8.3%18.5%37.1%31.3%5.0%-1.9%-411.1K-9.4M-173.2K0.8887.48N/AN/A1631449194,609
2021-07-30$444.43$450.0021.5%6.2%22.5%9.7%21.4%2.7%1.3%-649.2K-3.6M-164.3K0.2890.52N/AN/A88259224,611