GWW Options History — May 2022

In May 2022, GWW traded between $460.23 and $503.81. ATM implied volatility averaged 30.7%, placing in the 49.5% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 8.2% (HV 20d: 38.9%). Max pain ranged from $480.00 to $510.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.54.

Notable Days

  • 2022-05-09: Highest Volume — 2,189 contracts
  • 2022-05-05: Largest IV spike — 21.1% change
  • 2022-05-10: Highest IV Rank — 73.7%
  • 2022-05-12: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$476.27$460.23$503.81$487.96$487.97
Max Pain$490.00$480.00$510.00$510.00$480.00
ATM IV30.7%24.9%37.0%32.5%27.7%
Expected Move8.7%7.1%10.0%9.3%7.9%
HV 20d38.9%33.7%43.6%36.4%33.7%
HV 60d30.5%28.2%31.6%29.0%31.0%
IV Rank49.5%27.4%73.7%56.2%38.0%
IV Percentile81.4%55.6%96.0%93.7%67.1%
Term Structure-0.8%-2.8%1.2%-2.4%-1.7%
VWIV32.0%25.6%37.8%32.4%29.2%
Skew 25d6.2%5.0%7.5%6.3%7.1%
Skew 10d13.2%10.2%16.1%15.7%15.3%
Call IV 25d27.8%22.5%32.1%30.6%25.4%
Put IV 25d34.0%29.0%37.9%36.9%32.5%
Bid-Ask Spread %61.6047.6776.7765.0575.50
Gamma HHI0.060.050.070.060.05
Net GEX-1.6M-2.6M-217.8K-1.2M-595.5K
Net DEX31.0M1.5M52.0M22.9M11.0M
Net VEX-426.8K-465.7K-373.5K-431.2K-442.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.540.882.432.091.05
Total Volume1,770.1431,4272,1891,7021,793
Total OI9,801.0959,24010,6409,4989,668

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$487.96$510.0032.5%9.3%36.4%56.2%32.4%6.3%-2.4%-1.2M22.9M-431.2K2.0965.05N/AN/A5511,1513,2546,244
2022-05-03$481.19$510.0030.6%8.8%36.5%49.0%30.2%5.0%-0.3%-1.7M30.5M-424.0K2.3161.49N/AN/A5101,1793,2566,264
2022-05-04$503.81$510.0026.5%7.6%40.6%33.6%27.8%5.9%1.1%-217.8K1.5M-406.0K2.0969.00N/AN/A6171,2893,2366,263
2022-05-05$481.10$490.0032.1%8.9%43.0%55.0%31.9%5.3%-1.0%-1.7M30.5M-434.0K2.1658.98N/AN/A5921,2803,3646,368
2022-05-06$477.24$490.0031.6%8.9%43.0%52.8%32.6%5.4%-0.8%-1.8M33.2M-431.9K1.8756.25N/AN/A6071,1363,3616,373
2022-05-09$476.73$490.0035.3%9.6%43.0%66.9%37.8%5.4%-1.4%-1.7M33.2M-429.3K2.4353.41N/AN/A6381,5513,3976,397
2022-05-10$468.27$490.0037.0%9.6%43.2%73.7%36.9%5.8%-1.3%-2.2M43.2M-426.0K1.7155.06N/AN/A6431,1023,4106,390
2022-05-11$460.23$490.0033.9%9.7%43.3%61.6%36.2%5.8%-1.7%-2.6M52.0M-410.3K2.2265.34N/AN/A5201,1543,4286,386
2022-05-12$466.54$490.0034.9%10.0%43.6%65.6%36.8%5.8%-2.2%-2.2M41.3M-409.4K1.4955.27N/AN/A5728553,4526,298
2022-05-13$478.04$490.0032.3%9.3%38.9%55.5%32.7%5.7%-2.8%-1.8M26.6M-407.2K1.5058.24N/AN/A5848773,5236,319
2022-05-16$473.17$490.0031.6%9.1%38.8%53.0%33.7%5.8%-1.3%-2.0M31.8M-385.7K1.4447.70N/AN/A6008633,5576,328
2022-05-17$481.91$490.0027.1%7.8%36.7%35.8%30.9%5.5%0.6%-1.5M20.9M-373.5K1.2966.34N/AN/A8831,1433,5436,286
2022-05-18$466.37$490.0032.1%9.2%37.9%54.9%37.2%7.2%-1.4%-2.6M43.0M-428.5K1.1247.67N/AN/A9231,0373,8536,614
2022-05-19$468.64$490.0030.5%8.7%38.0%48.8%33.1%6.9%-0.7%-2.5M41.3M-440.0K1.1149.92N/AN/A8979933,9246,691
2022-05-20$463.96$490.0030.6%8.8%37.8%49.1%32.1%6.8%-0.5%-2.2M47.7M-425.9K1.3562.92N/AN/A8061,0853,9406,700
2022-05-23$466.46$480.0029.2%8.4%37.3%43.6%30.0%7.1%-0.7%-1.6M40.3M-428.2K0.8862.55N/AN/A9047993,2216,019
2022-05-24$473.76$480.0029.0%8.3%37.7%42.8%29.6%7.5%1.2%-1.3M30.7M-461.0K1.0366.59N/AN/A8648893,3436,145
2022-05-25$471.22$480.0029.0%8.3%37.7%43.2%29.4%7.1%0.7%-1.4M33.5M-465.7K1.0765.76N/AN/A8338943,3696,267
2022-05-26$478.30$480.0026.4%7.6%35.0%32.8%26.9%7.1%0.2%-1.2M24.5M-455.8K1.0873.84N/AN/A8389053,3736,299
2022-05-27$488.87$480.0024.9%7.1%35.4%27.4%25.6%6.5%-0.1%-689.0K10.6M-446.2K1.0476.77N/AN/A8919253,3836,317
2022-05-31$487.97$480.0027.7%7.9%33.7%38.0%29.2%7.1%-1.7%-595.5K11.0M-442.3K1.0575.50N/AN/A8739203,3886,280