GWW Options History — February 2023

In February 2023, GWW traded between $601.62 and $679.22. ATM implied volatility averaged 25.3%, placing in the 31.4% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 17.1% (HV 20d: 42.3%). Max pain ranged from $580.00 to $620.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.36.

Notable Days

  • 2023-02-09: Highest Volume — 460 contracts
  • 2023-02-02: Largest IV drop — 32.0% change
  • 2023-02-01: Highest IV Rank — 77.2%
  • 2023-02-01: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$664.10$601.62$679.22$601.62$668.88
Max Pain$601.58$580.00$620.00$580.00$610.00
ATM IV25.3%22.4%38.0%38.0%24.4%
Expected Move7.1%6.4%10.9%10.9%7.0%
HV 20d42.3%27.5%45.8%27.5%42.8%
HV 60d30.8%23.2%32.1%23.2%31.3%
IV Rank31.4%19.0%77.2%77.2%28.5%
IV Percentile24.3%6.7%95.6%95.6%19.4%
Term Structure-0.8%-9.0%0.5%-9.0%-0.5%
VWIV25.4%20.7%36.2%36.2%23.9%
Skew 25d4.0%3.1%5.0%4.3%3.7%
Skew 10d7.9%2.1%12.0%6.7%7.4%
Call IV 25d23.2%19.8%36.5%36.5%22.9%
Put IV 25d27.2%23.9%40.8%40.8%26.7%
Bid-Ask Spread %83.7878.3989.7478.3985.77
Gamma HHI0.100.070.290.120.07
Net GEX337.2K-1.6M1.1M116.3K681.3K
Net DEX-41.4M-68.6M-11.7M-11.7M-27.5M
Net VEX-273.0K-322.2K-244.9K-322.2K-270.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.1215.330.210.38
Total Volume167.3161746034851
Total OI5,594.7374,8726,0695,2605,139

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$601.62$580.0038.0%10.9%27.5%77.2%36.2%4.3%-9.0%116.3K-11.7M-322.2K0.2178.39N/AN/A287611,3063,954
2023-02-02$670.57$580.0025.9%6.6%45.8%31.0%23.0%5.0%-0.2%939.9K-61.9M-244.9K0.4081.66N/AN/A2801121,5614,006
2023-02-03$671.41$580.0023.8%6.5%44.0%22.5%23.2%4.2%0.5%1.1M-65.9M-257.3K0.2579.32N/AN/A292741,6774,057
2023-02-06$677.31$600.0027.2%7.0%43.3%41.5%24.3%4.5%-0.4%542.0K-68.6M-259.8K0.2380.56N/AN/A320731,7424,204
2023-02-07$674.90$600.0026.6%7.0%43.6%38.7%24.0%4.0%-0.1%551.8K-62.0M-265.8K1.3980.64N/AN/A54751,6994,246
2023-02-08$666.05$600.0024.8%7.1%44.3%30.2%27.1%4.5%-0.6%609.8K-54.8M-284.9K2.0188.65N/AN/A671351,7044,280
2023-02-09$662.96$600.0024.7%7.1%43.9%30.0%25.7%3.8%-0.5%457.6K-53.4M-287.2K0.1286.23N/AN/A410501,7234,346
2023-02-10$656.06$600.0025.1%7.2%43.4%31.8%25.6%4.0%-0.1%203.0K-33.1M-296.4K1.1380.62N/AN/A64721,4814,405
2023-02-13$667.16$600.0024.8%7.1%43.5%30.4%28.0%3.3%0.2%288.4K-41.1M-282.7K0.7886.43N/AN/A36281,4894,433
2023-02-14$669.63$600.0024.8%7.1%43.4%30.3%29.5%3.7%-0.8%20.7K-43.0M-281.4K0.2385.15N/AN/A56131,4984,433
2023-02-15$672.28$620.0023.0%6.6%43.1%22.1%27.0%3.2%-0.5%-22.0K-46.4M-260.2K0.7084.74N/AN/A1071,5004,443
2023-02-16$669.62$620.0023.2%6.7%40.9%23.0%21.9%3.7%-0.6%-116-44.6M-250.5K0.6189.74N/AN/A28171,5034,448
2023-02-17$679.22$620.0022.4%6.4%40.9%19.0%20.7%4.1%0.4%-1.6M-50.5M-252.6K0.2583.18N/AN/A61151,5144,454
2023-02-21$659.99$620.0023.9%6.9%43.1%26.3%24.8%4.5%-0.4%408.3K-23.0M-268.7K0.6986.86N/AN/A42291,1703,702
2023-02-22$654.94$600.0025.0%7.2%43.4%31.3%25.1%4.3%-1.1%379.6K-22.0M-272.4K15.3382.08N/AN/A91381,1983,720
2023-02-23$657.76$600.0022.9%6.6%42.3%21.6%23.1%3.1%-0.0%391.4K-22.4M-281.7K0.1883.43N/AN/A2241,2123,855
2023-02-24$662.93$600.0024.4%7.0%42.3%28.7%24.6%4.7%-0.3%501.5K-24.1M-286.1K0.7183.39N/AN/A24171,2313,855
2023-02-27$674.55$600.0025.1%7.2%42.4%31.8%25.1%3.5%-0.6%810.0K-31.5M-261.5K0.1784.94N/AN/A125211,2423,870
2023-02-28$668.88$610.0024.4%7.0%42.8%28.5%23.9%3.7%-0.5%681.3K-27.5M-270.9K0.3885.77N/AN/A37141,2523,887