GWW Options History — March 2023

In March 2023, GWW traded between $662.77 and $701.67. ATM implied volatility averaged 26.7%, placing in the 39.1% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 2.1% (HV 20d: 24.6%). Max pain ranged from $590.00 to $640.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 1.12.

Notable Days

  • 2023-03-31: Highest Volume — 285 contracts
  • 2023-03-13: Largest IV spike — 28.2% change
  • 2023-03-13: Highest IV Rank — 100.0%
  • 2023-03-24: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$679.57$662.77$701.67$673.05$684.69
Max Pain$603.48$590.00$640.00$620.00$610.00
ATM IV26.7%20.8%40.0%24.5%24.3%
Expected Move7.3%6.0%8.2%7.0%7.0%
HV 20d24.6%19.4%42.6%42.6%24.1%
HV 60d31.7%30.9%32.4%31.3%32.2%
IV Rank39.1%11.7%100.0%29.1%27.8%
IV Percentile38.7%2.8%100.0%21.0%17.5%
Term Structure3.9%-0.4%6.3%-0.4%6.1%
VWIV26.1%21.6%30.0%22.3%23.4%
Skew 25d5.1%3.8%7.2%4.5%4.1%
Skew 10d9.5%5.8%13.7%7.8%9.4%
Call IV 25d23.2%19.8%25.9%22.3%22.2%
Put IV 25d28.4%23.7%33.1%26.7%26.2%
Bid-Ask Spread %78.9373.5189.7085.3282.01
Gamma HHI0.080.070.100.070.07
Net GEX584.8K-160.3K1.6M769.9K599.2K
Net DEX-30.6M-53.2M-15.2M-30.6M-29.2M
Net VEX-271.1K-295.9K-236.0K-269.9K-280.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.075.331.210.07
Total Volume110.7393528553285
Total OI5,390.2615,1185,5655,1905,543

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$673.05$620.0024.5%7.0%42.6%29.1%22.3%4.5%-0.4%769.9K-30.6M-269.9K1.2185.32N/AN/A24291,2783,912
2023-03-02$686.33$620.0023.3%6.7%42.5%23.6%25.8%4.1%-0.2%1.0M-37.2M-260.7K0.3886.75N/AN/A85321,2993,945
2023-03-03$696.51$640.0020.8%6.0%19.4%11.7%21.7%3.9%0.9%1.4M-46.9M-243.0K0.9189.70N/AN/A69631,3623,974
2023-03-06$700.86$590.0022.5%6.3%19.4%19.5%22.5%3.8%4.1%1.5M-52.2M-236.0K0.9576.45N/AN/A77731,4163,965
2023-03-07$696.41$600.0022.8%6.3%19.5%20.9%24.4%5.3%4.7%1.6M-50.2M-255.9K0.7575.53N/AN/A44331,4514,007
2023-03-08$701.67$600.0023.6%6.4%19.5%24.7%21.6%3.8%5.2%1.5M-53.2M-239.8K0.1176.14N/AN/A3741,4634,017
2023-03-09$690.97$600.0028.5%7.2%19.7%47.5%25.9%5.5%3.7%1.4M-46.3M-255.7K0.5977.14N/AN/A99581,4764,020
2023-03-10$676.36$600.0031.2%7.7%21.3%60.1%26.5%5.4%3.5%837.2K-32.5M-295.9K0.8273.51N/AN/A96791,4834,066
2023-03-13$674.81$600.0040.0%8.1%20.9%100.0%30.0%6.0%2.8%595.0K-28.4M-290.5K0.6675.08N/AN/A87571,4394,081
2023-03-14$682.23$600.0033.4%7.5%20.4%69.8%26.9%5.9%3.5%672.5K-33.0M-273.8K1.6975.77N/AN/A13221,4304,103
2023-03-15$664.30$600.0027.5%7.9%22.6%42.6%27.9%5.6%3.7%259.2K-20.7M-282.9K0.8277.79N/AN/A93761,4404,107
2023-03-16$683.05$600.0025.0%7.2%24.7%31.1%27.0%5.0%5.0%559.7K-33.7M-258.0K5.3375.75N/AN/A9481,4204,127
2023-03-17$664.80$600.0028.7%8.2%26.6%48.0%29.8%6.2%3.7%-160.3K-18.4M-291.4K0.8573.97N/AN/A34291,4244,141
2023-03-20$673.80$600.0026.9%7.7%26.6%39.7%29.2%5.6%5.0%53.1K-21.1M-273.1K1.0574.94N/AN/A55581,1643,954
2023-03-21$680.54$600.0026.0%7.5%24.6%35.7%23.9%5.2%4.7%126.9K-23.7M-275.0K0.2380.09N/AN/A60141,1873,993
2023-03-22$676.75$600.0025.9%7.4%24.5%35.0%27.2%6.6%4.6%138.7K-23.1M-273.3K2.7382.86N/AN/A11301,2063,999
2023-03-23$666.58$600.0027.8%8.0%25.2%43.8%28.6%4.4%3.9%-100.1K-16.8M-280.2K1.5682.09N/AN/A16251,2104,012
2023-03-24$662.77$600.0028.7%8.2%25.1%48.0%29.3%7.2%4.1%-154.8K-15.2M-285.4K0.7778.17N/AN/A44341,2264,023
2023-03-27$670.62$600.0027.1%7.8%24.7%40.6%28.2%6.2%4.7%52.8K-20.2M-274.2K0.3477.82N/AN/A82281,2584,017
2023-03-28$674.96$600.0027.0%7.7%24.6%40.2%28.5%5.2%5.1%172.0K-24.3M-268.2K0.2279.77N/AN/A212471,3024,027
2023-03-29$676.73$600.0024.6%7.1%24.5%29.4%23.5%4.3%5.9%338.1K-24.7M-285.6K2.9180.12N/AN/A351021,4264,067
2023-03-30$671.35$600.0024.8%7.1%23.6%29.9%25.3%4.6%6.3%246.6K-22.0M-286.5K0.7078.63N/AN/A23161,4464,070
2023-03-31$684.69$610.0024.3%7.0%24.1%27.8%23.4%4.1%6.1%599.2K-29.2M-280.2K0.0782.01N/AN/A266191,4634,080