GWW Options History — May 2023

In May 2023, GWW traded between $651.29 and $696.23. ATM implied volatility averaged 22.8%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded below realized volatility by 0.6% (HV 20d: 23.4%). Max pain ranged from $650.00 to $690.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 2.09.

Notable Days

  • 2023-05-02: Highest Volume — 467 contracts
  • 2023-05-04: Largest IV spike — 17.9% change
  • 2023-05-04: Highest IV Rank — 32.9%
  • 2023-05-04: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$673.24$651.29$696.23$696.23$651.29
Max Pain$677.27$650.00$690.00$650.00$680.00
ATM IV22.8%20.3%26.8%20.3%24.0%
Expected Move6.5%5.8%7.3%5.8%6.9%
HV 20d23.4%16.9%27.4%27.2%17.4%
HV 60d23.6%23.0%24.2%23.4%23.0%
IV Rank12.8%0.0%32.9%0.0%19.0%
IV Percentile10.8%0.0%40.9%0.0%22.2%
Term Structure-0.2%-1.2%0.7%-0.6%-1.2%
VWIV23.1%16.2%27.3%19.2%25.3%
Skew 25d4.5%2.7%5.9%2.7%4.0%
Skew 10d8.6%5.9%12.9%6.4%12.9%
Call IV 25d20.9%19.0%22.7%20.6%22.6%
Put IV 25d25.4%22.7%27.9%23.3%26.6%
Bid-Ask Spread %75.9365.1792.7591.6978.97
Gamma HHI0.100.060.480.070.06
Net GEX164.9K-2.3M4.7M1.1M-739.0K
Net DEX-14.8M-33.6M907.4K-33.6M907.4K
Net VEX-291.1K-342.5K-261.1K-290.3K-289.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.090.0911.621.003.05
Total Volume122.136224679889
Total OI6,270.4095,0697,0946,5095,413

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$696.23$650.0020.3%5.8%27.2%0.0%19.2%2.7%-0.6%1.1M-33.6M-290.3K1.0091.69N/AN/A49491,5864,923
2023-05-02$689.49$650.0023.1%6.6%27.4%14.0%25.6%5.0%-0.2%682.7K-27.8M-297.2K11.6292.75N/AN/A374301,5974,945
2023-05-03$684.22$650.0022.7%6.5%22.8%12.2%23.4%5.0%0.5%309.3K-21.0M-312.2K0.5391.10N/AN/A30161,5944,927
2023-05-04$665.74$680.0026.8%7.3%24.5%32.9%27.2%5.2%-0.1%-676.8K-5.6M-342.5K3.6572.64N/AN/A17621,6024,934
2023-05-05$674.70$680.0022.2%6.6%24.6%9.8%16.2%5.9%0.7%-130.7K-11.9M-319.4K1.3870.56N/AN/A16221,5734,953
2023-05-08$678.76$690.0023.2%6.7%24.2%14.6%24.6%3.9%-0.1%316.3K-18.4M-303.4K0.0969.26N/AN/A130121,5874,956
2023-05-09$683.88$690.0023.4%6.7%24.2%15.6%22.4%5.3%-0.1%652.0K-22.6M-302.0K0.2465.17N/AN/A95231,6974,966
2023-05-10$680.72$690.0023.0%6.6%24.2%13.6%21.5%4.3%0.6%544.3K-19.6M-307.6K0.5969.42N/AN/A133791,6784,970
2023-05-11$680.46$690.0022.9%6.6%23.6%13.4%23.4%5.2%0.2%713.6K-21.4M-303.6K0.8873.96N/AN/A32281,7525,043
2023-05-12$683.19$690.0022.7%6.5%23.5%12.2%24.2%5.3%0.0%1.0M-24.4M-295.0K1.8971.14N/AN/A18341,7525,043
2023-05-15$670.71$690.0022.5%6.4%24.5%11.2%23.2%4.3%0.2%228.3K-14.3M-284.1K7.1970.05N/AN/A271941,7605,049
2023-05-16$667.09$680.0022.3%6.4%24.4%10.3%23.0%5.1%-0.2%-2.3M-4.9M-283.3K0.7874.39N/AN/A109851,7645,232
2023-05-17$672.87$670.0021.7%6.2%24.6%7.1%21.4%4.9%0.3%-1.2M-14.9M-282.1K0.6375.93N/AN/A27171,8135,237
2023-05-18$679.04$670.0021.5%6.2%24.8%6.0%22.0%3.3%-0.2%194.7K-24.3M-264.6K1.7576.88N/AN/A8141,8345,248
2023-05-19$681.50$670.0020.6%5.9%24.8%1.9%21.1%3.7%0.6%4.7M-29.4M-263.2K0.4073.33N/AN/A96381,8375,257
2023-05-22$673.20$680.0021.7%6.2%25.0%7.1%21.9%3.8%-0.8%-87.2K-10.3M-261.1K0.4574.92N/AN/A141631,1993,870
2023-05-23$662.05$680.0022.7%6.5%25.7%12.2%22.5%4.3%-0.6%-364.6K-4.9M-277.6K3.0873.92N/AN/A26801,3163,909
2023-05-24$656.37$680.0023.9%6.9%25.3%18.4%27.3%4.4%-1.1%-441.1K-2.8M-282.5K2.3372.98N/AN/A18421,3283,902
2023-05-25$660.39$680.0023.5%6.7%16.9%16.4%25.0%4.9%-0.9%-378.4K-4.0M-281.9K0.1275.27N/AN/A6781,3383,917
2023-05-26$664.01$680.0023.0%6.6%17.2%13.7%21.7%4.1%-0.4%-168.7K-7.0M-283.8K1.0676.76N/AN/A17181,3963,921
2023-05-30$655.29$680.0024.0%6.9%17.5%18.9%25.4%4.8%-1.2%-428.9K-2.6M-277.3K3.3479.36N/AN/A441471,4083,923
2023-05-31$651.29$680.0024.0%6.9%17.4%19.0%25.3%4.0%-1.2%-739.0K907.4K-289.7K3.0578.97N/AN/A22671,4183,995