GWW Options History — March 2022

In March 2022, GWW traded between $466.30 and $519.65. ATM implied volatility averaged 26.7%, placing in the 34.2% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 2.2% (HV 20d: 24.5%). Max pain ranged from $470.00 to $500.00. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 22 of 23 days. Put/call ratio averaged 1.20.

Notable Days

  • 2022-03-28: Highest Volume — 1,691 contracts
  • 2022-03-07: Largest IV spike — 18.2% change
  • 2022-03-07: Highest IV Rank — 76.7%
  • 2022-03-07: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$495.68$466.30$519.65$466.30$518.38
Max Pain$486.36$470.00$500.00$480.00$500.00
ATM IV26.7%19.0%37.8%33.0%19.8%
Expected Move8.8%7.8%10.8%9.5%8.0%
HV 20d24.5%20.9%28.1%25.8%21.5%
HV 60d23.6%22.8%24.4%22.8%22.9%
IV Rank34.2%4.8%76.7%58.4%7.6%
IV Percentile61.4%2.4%96.8%95.2%9.1%
Term Structure4.0%-2.5%8.3%-2.5%8.1%
VWIV32.7%29.5%37.9%31.0%32.5%
Skew 25d4.9%3.5%8.1%8.1%4.3%
Skew 10d9.8%8.2%13.4%13.4%9.0%
Call IV 25d24.4%17.8%31.6%30.0%18.3%
Put IV 25d29.3%21.3%38.1%38.1%22.5%
Bid-Ask Spread %49.4810.8685.9580.0646.62
Gamma HHI0.080.060.290.070.06
Net GEX239.4K-813.8K2.9M-813.8K608.8K
Net DEX-5.9M-21.2M15.5M15.5M-19.3M
Net VEX-360.0K-401.7K-289.4K-298.2K-401.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.200.741.831.011.46
Total Volume1,446.6521,0881,6911,5891,655
Total OI7,026.4356,0157,8516,0267,851

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$466.30$480.0033.0%9.5%25.8%58.4%31.0%8.1%-2.5%-813.8K15.5M-298.2K1.0180.06N/AN/A7917982,1333,893
2022-03-02$480.41$480.0029.5%8.5%28.1%44.9%29.5%5.6%1.8%-536.9K5.5M-289.4K1.0468.10N/AN/A7087382,1343,881
2022-03-03$481.38$480.0030.3%8.7%27.6%47.8%30.2%4.7%2.2%144.2K289.1K-300.7K1.0767.82N/AN/A7047532,3453,890
2022-03-04$485.09$480.0032.0%9.2%27.5%54.4%33.1%4.9%1.5%236.5K-2.2M-312.2K0.8962.17N/AN/A7126312,3593,906
2022-03-07$493.17$480.0037.8%10.8%25.0%76.7%37.9%5.6%1.1%438.8K-9.9M-324.1K0.9959.53N/AN/A8248152,3813,917
2022-03-08$492.06$480.0032.1%10.1%23.7%55.0%36.4%5.6%1.7%-76.2K-2.4M-371.8K1.2567.55N/AN/A6508132,3754,354
2022-03-09$490.95$480.0029.5%9.2%23.7%44.8%34.1%4.6%2.4%-48.2K-2.0M-361.7K1.3570.78N/AN/A5938022,4184,385
2022-03-10$483.33$480.0030.7%9.6%23.9%49.6%35.6%4.7%1.6%-296.7K4.6M-360.4K0.7873.50N/AN/A6114772,4734,385
2022-03-11$473.61$480.0031.6%10.0%20.9%52.9%34.5%6.6%1.0%-699.3K12.7M-360.2K0.8385.95N/AN/A7916532,5024,425
2022-03-14$484.14$480.0031.7%9.2%22.0%53.2%34.5%5.3%0.5%-277.0K3.3M-384.7K0.7431.76N/AN/A8236122,6964,637
2022-03-15$497.73$480.0029.9%9.1%23.7%46.3%37.5%5.7%1.9%408.0K-10.1M-392.8K1.2230.85N/AN/A6618082,7074,650
2022-03-16$486.78$480.0027.4%8.6%25.4%36.7%35.4%5.4%2.6%-51.1K1.4M-383.3K1.2432.97N/AN/A6287762,7274,690
2022-03-17$497.10$0.0025.4%8.8%25.9%29.0%30.1%4.7%5.3%990.2K-10.7M-375.5K0.8610.86N/AN/A6425492,7254,710
2022-03-18$500.83$500.0023.0%8.2%25.9%20.0%31.7%4.0%5.8%2.9M-16.0M-358.4K0.8713.19N/AN/A6956052,7304,721
2022-03-21$503.69$470.0023.6%8.3%25.9%22.4%31.8%4.4%5.5%250.6K-10.6M-358.7K1.0440.81N/AN/A6226482,4654,475
2022-03-22$503.11$470.0021.6%8.2%25.9%14.6%30.7%4.0%6.9%234.2K-9.5M-361.0K1.5041.88N/AN/A5518262,4894,506
2022-03-23$504.47$500.0022.8%8.3%24.3%19.0%30.9%4.1%6.3%172.9K-10.7M-362.9K1.5239.94N/AN/A5678612,5164,545
2022-03-24$501.60$500.0021.6%8.3%24.6%14.7%30.9%4.6%7.2%57.1K-7.7M-373.6K1.3741.64N/AN/A5998232,5374,683
2022-03-25$504.76$500.0021.2%8.2%23.8%13.0%31.0%4.2%7.6%100.6K-9.5M-373.0K1.6142.15N/AN/A6129872,5604,761
2022-03-28$512.63$500.0021.1%8.2%23.9%12.8%31.2%4.6%7.6%397.7K-16.1M-382.4K1.8341.82N/AN/A5971,0942,5784,950
2022-03-29$519.40$500.0019.0%7.8%23.3%4.8%30.5%3.5%8.3%688.4K-21.2M-394.8K1.5842.18N/AN/A6169762,6045,132
2022-03-30$519.65$500.0019.7%8.0%21.4%7.1%31.6%4.2%8.1%635.9K-20.8M-398.2K1.5545.81N/AN/A6199572,6185,189
2022-03-31$518.38$500.0019.8%8.0%21.5%7.6%32.5%4.3%8.1%608.8K-19.3M-401.7K1.4646.62N/AN/A6749812,6465,205