GWW Options History — August 2023

In August 2023, GWW traded between $697.67 and $725.57. ATM implied volatility averaged 21.1%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 0.2% (HV 20d: 21.3%). Max pain ranged from $710.00 to $740.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 0.85.

Notable Days

  • 2023-08-10: Highest Volume — 382 contracts
  • 2023-08-25: Largest IV drop — 8.9% change
  • 2023-08-03: Highest IV Rank — 18.9%
  • 2023-08-08: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$713.02$697.67$725.57$724.08$716.66
Max Pain$723.04$710.00$740.00$740.00$710.00
ATM IV21.1%17.4%22.7%21.4%18.2%
Expected Move6.1%5.0%6.5%6.1%5.2%
HV 20d21.3%13.4%25.9%25.2%14.4%
HV 60d22.5%21.4%23.1%22.9%21.6%
IV Rank12.3%0.0%18.9%12.8%3.4%
IV Percentile11.6%0.0%21.0%11.1%0.4%
Term Structure1.1%0.1%3.0%0.5%1.8%
VWIV21.2%18.1%24.1%21.3%18.4%
Skew 25d2.9%1.7%3.8%1.7%2.1%
Skew 10d6.0%2.6%8.8%4.0%4.6%
Call IV 25d20.1%17.2%21.7%20.6%17.8%
Put IV 25d23.0%19.1%25.0%22.3%19.9%
Bid-Ask Spread %81.5970.6389.5388.8389.53
Gamma HHI0.100.050.220.090.07
Net GEX161.5K-2.9M2.7M225.1K2.2M
Net DEX-6.2M-38.1M18.6M-9.9M-28.7M
Net VEX-316.5K-350.5K-280.8K-334.4K-340.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.203.440.690.86
Total Volume14531382184143
Total OI6,405.4354,4837,4637,1875,424

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$724.08$740.0021.4%6.1%25.2%12.8%21.3%1.7%0.5%225.1K-9.9M-334.4K0.6988.83N/AN/A109752,5154,672
2023-08-02$721.89$740.0022.6%6.5%25.2%18.5%22.5%2.6%0.1%172.6K-8.7M-341.7K3.4487.08N/AN/A341172,5664,716
2023-08-03$722.54$730.0022.7%6.5%25.2%18.9%22.5%3.3%0.5%225.2K-9.1M-340.8K1.3170.63N/AN/A49642,5774,709
2023-08-04$707.95$730.0021.7%6.4%25.9%14.3%22.2%3.8%0.6%-398.6K8.7M-322.3K0.6071.87N/AN/A109652,6044,746
2023-08-07$713.91$730.0021.6%6.4%24.3%13.7%20.8%2.7%0.7%-264.6K2.4M-315.0K0.7174.27N/AN/A51362,6384,765
2023-08-08$713.42$730.0022.0%6.5%24.3%15.8%23.2%2.7%0.6%-323.7K3.0M-319.9K0.7275.10N/AN/A18132,6484,779
2023-08-09$714.88$730.0022.6%6.5%23.7%18.6%24.1%3.5%0.7%-332.6K1.7M-315.3K0.9077.64N/AN/A20182,6524,785
2023-08-10$711.53$730.0022.5%6.5%23.3%18.2%21.7%3.8%0.1%-667.1K6.4M-307.8K0.3176.03N/AN/A292902,6634,793
2023-08-11$712.63$730.0021.7%6.2%23.4%14.3%21.8%3.7%0.9%-562.9K18.6M-311.0K0.6079.04N/AN/A47282,5844,879
2023-08-14$714.27$730.0021.5%6.2%23.4%13.4%22.8%2.9%1.0%-541.5K1.2M-290.8K2.7378.87N/AN/A15412,5814,677
2023-08-15$712.64$730.0022.0%6.3%23.4%15.7%20.2%3.4%0.7%-950.9K4.6M-292.0K0.9778.93N/AN/A35342,5844,689
2023-08-16$709.12$730.0021.8%6.3%22.9%14.9%22.3%3.3%0.9%-1.9M7.4M-286.2K0.8381.25N/AN/A60502,5934,675
2023-08-17$703.50$730.0022.5%6.5%23.0%18.2%21.5%3.4%0.6%-2.9M8.1M-283.0K0.4482.92N/AN/A70312,6134,604
2023-08-18$703.53$730.0022.2%6.4%22.7%16.8%22.0%3.0%1.0%-951.9K8.6M-280.8K0.7483.97N/AN/A1881402,6214,576
2023-08-21$703.65$710.0021.8%6.3%22.5%15.0%21.9%3.3%0.9%577.2K-8.1M-284.8K0.2083.45N/AN/A227451,8892,594
2023-08-22$697.67$710.0021.5%6.2%22.5%13.4%21.4%3.3%1.3%557.4K-6.2M-306.6K0.2683.01N/AN/A87232,0852,611
2023-08-23$709.79$710.0020.8%5.9%23.8%9.9%20.6%2.9%1.8%989.9K-15.2M-318.0K0.3283.45N/AN/A100322,1622,624
2023-08-24$709.91$710.0020.7%5.9%14.7%9.6%20.9%2.8%2.0%1.1M-16.5M-334.1K1.0385.05N/AN/A32332,2432,639
2023-08-25$719.06$710.0018.8%5.4%15.4%1.0%18.8%2.2%3.0%1.4M-25.0M-336.7K0.5284.13N/AN/A111582,2532,664
2023-08-28$712.04$710.0019.9%5.7%14.4%5.9%20.5%2.7%1.5%1.4M-18.8M-332.8K0.9486.08N/AN/A99932,3612,703
2023-08-29$719.19$710.0018.4%5.3%13.4%0.0%18.7%2.1%1.9%2.0M-28.2M-333.7K0.2787.43N/AN/A183502,4442,763
2023-08-30$725.57$710.0017.4%5.0%13.7%0.0%18.1%1.9%2.5%2.7M-38.1M-350.5K0.2088.09N/AN/A100202,5672,795
2023-08-31$716.66$710.0018.2%5.2%14.4%3.4%18.4%2.1%1.8%2.2M-28.7M-340.9K0.8689.53N/AN/A77662,6232,801