GWW Options History — January 2023

In January 2023, GWW traded between $536.63 and $588.03. ATM implied volatility averaged 30.0%, placing in the 45.9% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 6.1% (HV 20d: 23.9%). Max pain ranged from $540.00 to $580.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 4.56.

Notable Days

  • 2023-01-09: Highest Volume — 559 contracts
  • 2023-01-11: Largest IV spike — 30.8% change
  • 2023-01-30: Highest IV Rank — 67.7%
  • 2023-01-30: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$564.41$536.63$588.03$554.36$588.03
Max Pain$569.50$540.00$580.00$540.00$580.00
ATM IV30.0%22.8%35.6%25.7%35.6%
Expected Move9.0%7.0%10.2%7.4%10.2%
HV 20d23.9%16.8%26.8%18.7%26.6%
HV 60d25.9%22.9%27.6%26.9%23.0%
IV Rank45.9%17.7%67.7%28.9%67.5%
IV Percentile59.6%10.3%90.1%27.4%90.1%
Term Structure-3.6%-7.7%6.7%5.9%-7.7%
VWIV32.2%23.8%37.0%31.2%37.0%
Skew 25d4.8%1.8%6.3%2.7%5.8%
Skew 10d9.4%-3.3%14.8%7.0%14.1%
Call IV 25d28.9%24.2%33.1%24.5%32.6%
Put IV 25d33.7%26.1%39.1%27.2%38.4%
Bid-Ask Spread %72.0565.1187.0883.7476.93
Gamma HHI0.140.100.330.120.12
Net GEX-1.6M-4.7M13.6K-1.6M13.6K
Net DEX5.6M-14.1M22.6M3.6M-2.0M
Net VEX-315.4K-347.6K-260.3K-263.2K-333.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.560.1017.901.240.77
Total Volume195.1185593846
Total OI5,900.44,3887,2915,4925,242

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$554.36$540.0025.7%7.4%18.7%28.9%31.2%2.7%5.9%-1.6M3.6M-263.2K1.2483.74N/AN/A17211,4894,003
2023-01-04$550.56$540.0024.6%7.0%16.8%24.5%23.8%1.8%6.7%-1.7M4.8M-260.3K14.8887.08N/AN/A172531,5064,019
2023-01-05$536.63$560.0024.4%9.0%18.5%23.9%31.6%4.3%-3.3%-1.9M19.6M-274.2K2.0869.30N/AN/A40831,5134,247
2023-01-06$553.77$560.0022.8%8.7%21.9%17.7%30.5%5.3%-3.0%-1.8M6.7M-271.0K5.0067.29N/AN/A11551,5214,304
2023-01-09$560.07$560.0023.8%8.8%22.2%21.7%29.3%5.4%-4.0%-1.8M629.4K-277.0K7.4765.11N/AN/A664931,5354,363
2023-01-10$565.17$560.0023.7%8.7%22.6%21.3%32.7%5.1%-3.8%-1.8M-599.0K-314.8K17.1466.23N/AN/A223771,5784,816
2023-01-11$581.23$560.0031.0%8.9%24.9%49.9%30.0%4.8%-4.6%-1.6M-14.1M-308.7K0.6871.16N/AN/A145981,5964,945
2023-01-12$570.69$570.0030.8%8.8%25.2%49.0%32.6%5.5%-3.8%-1.9M-3.7M-319.7K8.7766.82N/AN/A221931,6665,029
2023-01-13$573.03$570.0030.1%8.6%24.6%46.3%32.0%5.3%-2.6%-1.8M-6.7M-324.3K3.1368.11N/AN/A381191,6795,184
2023-01-17$571.97$570.0031.1%8.9%23.3%50.2%30.7%5.1%-5.1%-2.0M-4.5M-322.8K0.4768.86N/AN/A123581,7005,240
2023-01-18$568.65$580.0030.7%8.8%23.1%48.5%33.8%4.0%-4.2%-2.0M-187.5K-338.0K3.3968.99N/AN/A692341,8065,272
2023-01-19$551.37$580.0032.6%9.3%25.7%55.8%30.9%3.9%-3.7%-4.7M22.4M-340.1K2.7067.53N/AN/A631701,8385,386
2023-01-20$558.85$580.0030.0%8.6%25.9%45.9%34.2%4.0%-2.4%-3.4M8.0M-327.8K1.8169.28N/AN/A47851,8645,427
2023-01-23$561.79$580.0032.8%9.4%26.0%56.6%31.3%5.6%-4.8%-1.3M22.6M-326.0K0.1073.89N/AN/A354358493,539
2023-01-24$569.64$580.0033.0%9.5%26.0%57.4%34.3%4.9%-5.0%-365.2K10.4M-338.7K0.8472.52N/AN/A31261,1993,562
2023-01-25$558.98$580.0033.5%9.6%26.6%59.6%32.3%4.9%-5.5%-532.9K17.6M-347.6K0.5071.36N/AN/A34171,2293,585
2023-01-26$564.19$580.0034.4%9.9%26.8%63.2%33.7%4.8%-5.8%-419.6K13.9M-340.5K17.9075.33N/AN/A203581,2583,600
2023-01-27$572.33$580.0034.4%9.9%26.4%63.0%35.2%6.3%-6.8%-332.7K8.7M-343.3K1.2577.90N/AN/A8101,2743,928
2023-01-30$576.90$580.0035.6%10.2%26.4%67.7%36.8%6.0%-7.6%-205.5K5.8M-336.9K1.0073.61N/AN/A22221,2833,934
2023-01-31$588.03$580.0035.6%10.2%26.6%67.5%37.0%5.8%-7.7%13.6K-2.0M-333.6K0.7776.93N/AN/A26201,2973,945