GWW Options History — April 2023

In April 2023, GWW traded between $640.42 and $695.22. ATM implied volatility averaged 30.0%, placing in the 50.5% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 5.4% (HV 20d: 24.7%). Max pain ranged from $610.00 to $650.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.92.

Notable Days

  • 2023-04-27: Highest Volume — 629 contracts
  • 2023-04-27: Largest IV drop — 42.8% change
  • 2023-04-26: Highest IV Rank — 90.9%
  • 2023-04-26: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$662.62$640.42$695.22$680.89$694.98
Max Pain$636.32$610.00$650.00$610.00$650.00
ATM IV30.0%21.9%38.2%25.3%22.7%
Expected Move8.9%6.3%11.0%7.3%6.5%
HV 20d24.7%20.9%28.2%24.0%28.0%
HV 60d31.8%30.9%32.6%31.7%32.2%
IV Rank50.5%8.1%90.9%32.3%12.1%
IV Percentile61.6%2.0%97.2%30.2%6.3%
Term Structure-2.3%-6.7%6.6%6.6%-0.7%
VWIV30.8%21.4%35.8%24.5%21.4%
Skew 25d5.5%3.6%7.8%4.3%4.2%
Skew 10d10.6%4.5%15.4%10.7%13.7%
Call IV 25d27.9%20.0%32.2%23.1%20.0%
Put IV 25d33.4%24.2%37.8%27.3%24.2%
Bid-Ask Spread %78.3262.7893.3381.8793.33
Gamma HHI0.110.060.330.160.08
Net GEX181.2K-763.5K2.6M1.7M1.1M
Net DEX-13.5M-35.2M470.4K-35.2M-32.4M
Net VEX-323.5K-348.3K-279.3K-279.3K-304.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.920.374.380.592.39
Total Volume227.26341629148475
Total OI6,430.6845,5467,1765,8016,285

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$680.89$610.0025.3%7.3%24.0%32.3%24.5%4.3%6.6%1.7M-35.2M-279.3K0.5981.87N/AN/A93551,7174,084
2023-04-04$653.50$610.0026.8%7.7%27.8%39.3%24.7%3.6%6.2%464.0K-15.1M-285.2K1.2384.20N/AN/A70861,7704,123
2023-04-05$643.95$610.0028.7%8.2%27.8%48.2%27.7%5.0%5.8%-187.4K-5.8M-304.3K2.3184.05N/AN/A1433301,8054,223
2023-04-06$640.42$640.0027.4%9.8%27.5%36.0%35.8%5.8%-4.3%-651.9K470.4K-332.3K3.8562.78N/AN/A662541,8794,422
2023-04-10$650.69$640.0028.7%9.9%27.5%42.5%34.4%5.9%-5.0%-298.0K-4.7M-346.0K1.0863.84N/AN/A62671,9194,624
2023-04-11$649.63$640.0026.8%9.7%27.5%33.3%34.4%5.4%-5.1%-534.9K-3.9M-348.3K2.3266.57N/AN/A25581,9574,676
2023-04-12$655.99$640.0033.6%9.6%27.4%67.3%31.6%6.8%-4.7%-165.6K-9.3M-345.5K0.4870.82N/AN/A143691,9714,718
2023-04-13$647.70$640.0033.6%9.6%26.2%67.3%34.0%6.2%-5.3%-763.5K-2.0M-347.2K1.1769.59N/AN/A1021192,0554,752
2023-04-14$652.29$640.0032.3%9.3%24.1%61.0%34.0%5.9%-3.7%-529.9K-7.0M-343.1K0.9376.82N/AN/A44412,0874,831
2023-04-17$658.52$640.0032.9%9.4%22.5%63.8%33.3%5.6%-5.2%-189.1K-12.2M-333.2K1.6273.39N/AN/A61992,1044,842
2023-04-18$663.81$640.0031.8%9.1%22.2%58.5%30.6%5.5%-3.8%407.7K-16.4M-327.5K2.5676.03N/AN/A481232,1034,905
2023-04-19$663.72$640.0031.7%9.1%21.8%57.8%31.7%5.4%-4.4%531.3K-17.0M-326.1K3.7876.56N/AN/A542042,1254,988
2023-04-20$665.95$640.0030.3%8.7%21.8%50.6%31.0%5.6%-1.7%893.4K-19.7M-322.3K0.7183.23N/AN/A83592,1534,951
2023-04-21$667.43$640.0029.9%8.6%21.1%49.0%32.6%7.8%-3.5%2.6M-20.5M-318.6K4.3885.89N/AN/A241052,1794,997
2023-04-24$673.56$640.0033.8%9.7%21.3%68.7%31.8%5.9%-4.9%-549.7K-11.7M-320.8K1.8482.32N/AN/A571051,3134,233
2023-04-25$670.64$640.0034.5%9.9%20.9%71.9%32.8%5.9%-4.9%-619.1K-10.6M-318.0K0.3782.98N/AN/A30111,3414,278
2023-04-26$660.83$640.0038.2%11.0%21.4%90.9%35.8%5.6%-6.7%-651.8K-3.7M-338.4K2.2784.12N/AN/A992251,4634,287
2023-04-27$695.22$650.0021.9%6.3%28.2%8.1%23.4%4.3%1.1%867.3K-30.6M-306.5K2.6689.67N/AN/A1724571,5444,479
2023-04-28$694.98$650.0022.7%6.5%28.0%12.1%21.4%4.2%-0.7%1.1M-32.4M-304.9K2.3993.33N/AN/A1403351,6214,664