GWW Options History — January 2022

In January 2022, GWW traded between $480.33 and $521.20. ATM implied volatility averaged 30.9%, placing in the 46.9% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 8.3% (HV 20d: 22.6%). Max pain ranged from $490.00 to $500.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2022-01-31: Highest Volume — 2,020 contracts
  • 2022-01-12: Largest IV spike — 32.3% change
  • 2022-01-31: Highest IV Rank — 93.1%
  • 2022-01-31: Largest Expected Move — 12.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$500.20$480.33$521.20$509.20$492.62
Max Pain$492.00$490.00$500.00$500.00$490.00
ATM IV30.9%20.1%43.9%20.9%43.9%
Expected Move9.2%5.8%12.6%6.0%12.6%
HV 20d22.6%20.5%24.2%22.7%21.1%
HV 60d24.4%20.3%26.2%24.4%20.5%
IV Rank46.9%8.2%93.1%11.1%93.1%
IV Percentile72.1%10.7%99.6%22.2%99.6%
Term Structure-2.0%-9.0%8.7%8.7%-9.0%
VWIV32.3%20.8%43.3%22.6%43.3%
Skew 25d5.7%2.0%10.8%3.0%7.6%
Skew 10d10.4%4.9%14.3%6.5%11.9%
Call IV 25d30.2%19.7%39.0%21.0%39.0%
Put IV 25d35.9%21.7%48.2%24.0%46.6%
Bid-Ask Spread %68.6953.4790.4390.0976.11
Gamma HHI0.090.070.130.070.13
Net GEX-89.3K-538.3K268.5K-41.4K17.9K
Net DEX1.2M-8.9M8.4M-2.2M3.3M
Net VEX-178.9K-197.6K-168.1K-177.5K-181.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.320.760.750.61
Total Volume1,479.61,1912,0201,4232,020
Total OI3,195.62,8253,4123,1003,092

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-01-03$509.20$500.0020.9%6.0%22.7%11.1%22.6%3.0%8.7%-41.4K-2.2M-177.5K0.7590.09N/AN/A8146091,1551,945
2022-01-04$521.20$500.0020.1%5.8%22.6%8.2%20.8%2.0%6.7%268.5K-8.9M-172.3K0.6790.43N/AN/A8515701,1741,985
2022-01-05$510.20$500.0021.2%6.1%23.5%12.0%23.8%2.4%7.0%84.5K-3.7M-184.7K0.6887.99N/AN/A8475781,2291,995
2022-01-06$511.01$490.0022.3%8.1%23.5%16.3%28.7%5.6%-0.5%83.8K-4.0M-175.9K0.6864.90N/AN/A8365681,2312,000
2022-01-07$507.05$490.0020.9%8.1%23.7%11.0%29.2%4.4%-0.6%24.4K-2.1M-183.6K0.6959.70N/AN/A8195681,2292,000
2022-01-10$498.87$490.0024.7%8.6%23.5%24.6%31.3%5.5%-0.7%-283.6K3.0M-172.0K0.7653.47N/AN/A8316341,2332,000
2022-01-11$506.08$490.0021.7%7.9%24.0%14.0%30.2%4.6%-0.5%-31.9K-2.0M-168.8K0.7663.13N/AN/A8456441,2402,025
2022-01-12$510.53$490.0028.7%8.2%24.2%39.1%29.3%5.8%-2.9%148.2K-4.0M-178.8K0.7560.07N/AN/A8586451,2632,027
2022-01-13$507.24$490.0030.0%8.6%23.7%43.8%31.3%5.6%-2.6%66.0K-2.9M-176.8K0.7461.43N/AN/A8696431,2802,026
2022-01-14$504.38$490.0029.5%8.4%23.3%41.7%29.7%3.8%-0.7%-94.7K-1.5M-168.1K0.7559.96N/AN/A8866621,3022,027
2022-01-18$509.43$500.0031.9%9.1%22.1%50.4%32.0%6.1%-3.0%144.1K-2.9M-169.3K0.7257.23N/AN/A8936411,2942,034
2022-01-19$497.83$490.0033.7%9.7%23.0%56.7%34.6%7.8%-3.3%-350.4K3.4M-174.8K0.7065.92N/AN/A9156431,3122,048
2022-01-20$493.03$490.0032.2%9.2%22.9%51.3%33.0%6.2%-2.4%-538.3K7.4M-170.6K0.6966.16N/AN/A9446561,3132,060
2022-01-21$493.11$490.0036.0%10.3%22.6%65.2%33.6%5.9%-5.1%-504.2K7.3M-173.2K0.5964.30N/AN/A1,0015951,3422,070
2022-01-24$489.02$490.0038.2%10.9%22.3%72.8%36.3%6.7%-4.8%-319.0K6.9M-186.2K0.3262.71N/AN/A1,0043221,1411,684
2022-01-25$487.79$490.0040.2%11.5%21.0%80.0%38.6%5.3%-6.4%-65.7K5.0M-197.6K0.4468.41N/AN/A9854311,3181,726
2022-01-26$480.33$490.0041.2%11.8%20.8%83.6%40.0%6.8%-6.6%-203.9K8.4M-190.9K0.4374.55N/AN/A9834251,3081,704
2022-01-27$483.58$490.0040.9%11.7%20.5%82.5%38.2%8.4%-7.6%-150.0K7.8M-187.6K0.3971.99N/AN/A9843821,3101,726
2022-01-28$491.40$490.0040.1%11.5%21.2%79.8%39.8%10.8%-6.2%-40.0K5.2M-187.0K0.4375.24N/AN/A8323591,3181,746
2022-01-31$492.62$490.0043.9%12.6%21.1%93.1%43.3%7.6%-9.0%17.9K3.3M-181.6K0.6176.11N/AN/A1,2567641,3341,758