GWW Options History — November 2022

In November 2022, GWW traded between $582.73 and $607.34. ATM implied volatility averaged 27.9%, placing in the 37.6% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 4.1% (HV 20d: 32.0%). Max pain ranged from $500.00 to $570.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 3.37.

Notable Days

  • 2022-11-10: Highest Volume — 2,675 contracts
  • 2022-11-21: Largest IV spike — 16.3% change
  • 2022-11-08: Highest IV Rank — 56.9%
  • 2022-11-02: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$595.77$582.73$607.34$593.76$601.75
Max Pain$544.76$500.00$570.00$520.00$570.00
ATM IV27.9%24.4%32.8%29.2%26.5%
Expected Move7.9%7.0%9.0%8.4%7.6%
HV 20d32.0%23.5%36.4%35.6%23.5%
HV 60d30.5%29.6%31.3%29.7%30.8%
IV Rank37.6%24.0%56.9%42.8%32.1%
IV Percentile46.8%21.8%84.5%56.7%34.1%
Term Structure-0.9%-2.9%1.0%-0.6%-2.1%
VWIV29.6%25.1%32.9%32.9%25.1%
Skew 25d4.2%2.2%6.2%4.7%4.3%
Skew 10d8.8%3.4%13.9%12.2%11.6%
Call IV 25d26.3%23.6%28.8%28.1%24.7%
Put IV 25d30.5%26.7%33.5%32.8%29.0%
Bid-Ask Spread %79.5569.7890.5869.7890.58
Gamma HHI0.100.080.130.090.13
Net GEX292.9K-136.4K653.5K626.3K324.1K
Net DEX-39.1M-47.0M-27.1M-43.7M-38.6M
Net VEX-321.4K-361.0K-290.9K-345.8K-292.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.370.445.353.160.97
Total Volume1,804.857262,6752,639833
Total OI6,739.5716,0457,5766,0456,443

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-11-01$593.76$520.0029.2%8.4%35.6%42.8%32.9%4.7%-0.6%626.3K-43.7M-345.8K3.1669.78N/AN/A6352,0042,1493,896
2022-11-02$584.59$520.0031.4%9.0%36.4%51.1%32.8%4.7%-2.5%484.9K-35.6M-361.0K2.8881.45N/AN/A6431,8552,1834,172
2022-11-03$595.40$530.0028.6%8.1%35.0%40.5%32.8%5.3%-0.4%596.6K-43.5M-356.6K3.2671.65N/AN/A5261,7142,1814,309
2022-11-04$594.28$530.0028.7%8.2%33.4%40.8%30.1%4.4%-0.1%328.7K-40.6M-348.0K4.2576.90N/AN/A4151,7622,1494,374
2022-11-07$595.69$530.0030.1%8.0%33.5%46.3%31.3%4.0%0.2%309.2K-42.0M-344.5K4.9172.71N/AN/A3321,6312,1474,405
2022-11-08$603.84$530.0032.8%8.2%33.5%56.9%30.0%4.5%-1.1%449.3K-46.7M-339.4K2.9972.78N/AN/A4861,4542,1614,540
2022-11-09$591.18$500.0028.4%8.1%34.6%39.5%30.3%2.2%-0.9%296.1K-47.0M-323.6K3.4077.11N/AN/A4141,4072,2634,560
2022-11-10$607.34$530.0026.9%7.7%35.1%33.5%29.2%3.4%-0.6%653.5K-45.8M-313.9K5.3574.17N/AN/A4212,2542,0474,617
2022-11-11$587.85$530.0026.8%7.7%35.5%33.2%29.7%4.8%-0.9%156.8K-30.4M-331.3K4.3478.27N/AN/A4601,9962,0425,483
2022-11-14$589.24$530.0027.4%7.9%34.6%35.7%29.7%6.2%-0.3%-1.1K-31.1M-326.6K4.0680.87N/AN/A4601,8692,0325,295
2022-11-15$582.73$530.0028.4%8.1%34.5%39.5%30.3%4.0%-1.5%-136.4K-27.1M-315.1K3.6181.01N/AN/A4421,5972,0425,344
2022-11-16$589.15$530.0027.3%7.8%33.4%35.2%29.4%5.5%-1.2%298.2K-33.1M-309.2K3.0477.82N/AN/A5701,7352,0535,200
2022-11-17$591.58$570.0027.4%7.9%31.5%35.7%29.5%4.5%-0.6%515.8K-38.7M-326.5K2.8672.83N/AN/A5921,6952,1885,307
2022-11-18$596.60$570.0025.0%7.2%30.7%26.3%28.3%3.7%1.0%195.3K-45.6M-319.1K3.3480.48N/AN/A4911,6392,2015,375
2022-11-21$602.09$570.0029.1%8.3%30.7%42.2%30.2%4.9%-0.6%209.8K-39.2M-307.1K3.8179.85N/AN/A4061,5471,9124,343
2022-11-22$606.47$570.0027.0%7.7%30.7%34.2%27.8%4.3%-1.4%214.7K-43.3M-290.9K3.7383.66N/AN/A3721,3861,9464,464
2022-11-23$603.56$570.0025.9%7.4%30.9%29.8%26.5%3.1%-1.3%216.8K-39.8M-311.1K3.7887.16N/AN/A3691,3961,9574,447
2022-11-25$606.49$570.0024.4%7.0%30.9%24.0%26.5%3.1%0.2%304.0K-43.2M-291.1K3.8889.03N/AN/A8311,9644,471
2022-11-28$595.37$570.0026.6%7.6%24.2%32.7%29.0%2.5%-1.4%88.5K-34.4M-294.9K2.6388.44N/AN/A8211,9604,468
2022-11-29$592.19$570.0027.9%8.0%23.7%37.6%29.8%3.8%-2.9%20.8K-32.1M-300.3K0.4483.90N/AN/A1881,9654,476
2022-11-30$601.75$570.0026.5%7.6%23.5%32.1%25.1%4.3%-2.1%324.1K-38.6M-292.6K0.9790.58N/AN/A4234101,9664,477