GWW Options History — September 2023

In September 2023, GWW traded between $681.86 and $709.35. ATM implied volatility averaged 19.7%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 4.8% (HV 20d: 14.9%). Max pain ranged from $690.00 to $710.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.68.

Notable Days

  • 2023-09-27: Highest Volume — 324 contracts
  • 2023-09-05: Largest IV spike — 16.4% change
  • 2023-09-26: Highest IV Rank — 21.5%
  • 2023-09-26: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$692.22$681.86$709.35$709.35$692.38
Max Pain$697.00$690.00$710.00$710.00$690.00
ATM IV19.7%17.2%22.1%17.2%21.3%
Expected Move5.7%4.9%6.3%4.9%6.1%
HV 20d14.9%12.9%15.8%12.9%14.7%
HV 60d19.7%18.2%21.7%21.3%18.6%
IV Rank11.1%0.0%21.5%0.0%18.4%
IV Percentile9.0%0.0%26.2%0.0%19.0%
Term Structure5.2%2.4%6.7%2.4%5.9%
VWIV19.7%17.2%22.6%17.2%20.8%
Skew 25d3.2%2.4%4.1%2.4%3.3%
Skew 10d6.0%4.3%7.9%7.2%4.3%
Call IV 25d18.5%16.7%20.7%16.7%19.9%
Put IV 25d21.7%19.1%24.8%19.1%23.3%
Bid-Ask Spread %82.4277.0189.8889.8885.69
Gamma HHI0.070.050.130.060.08
Net GEX2.2M381.4K4.4M1.5M3.7M
Net DEX-14.2M-36.3M303.8K-18.2M-25.9M
Net VEX-334.3K-381.4K-298.6K-339.7K-371.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.163.490.550.55
Total Volume197.6588324217104
Total OI5,927.65,4966,4985,4966,498

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$709.35$710.0017.2%4.9%12.9%0.0%17.2%2.4%2.4%1.5M-18.2M-339.7K0.5589.88N/AN/A140772,6532,843
2023-09-05$692.86$710.0020.0%5.8%15.0%12.3%20.0%2.8%4.2%381.4K-2.1M-310.4K0.4777.01N/AN/A149702,7032,828
2023-09-06$693.75$710.0020.0%5.9%15.1%12.4%20.2%3.1%4.1%595.5K-6.4M-325.9K0.4878.56N/AN/A101482,7702,824
2023-09-07$692.88$710.0019.8%5.7%15.0%11.6%19.3%2.8%4.4%918.3K-5.6M-316.2K0.2578.41N/AN/A144362,8282,816
2023-09-08$691.51$700.0018.2%5.5%15.0%4.5%19.9%3.1%4.8%1.0M-4.3M-306.1K0.3580.93N/AN/A65232,9032,821
2023-09-11$690.36$700.0018.9%5.4%14.9%7.7%19.5%3.0%4.8%1.2M-2.5M-298.6K0.8080.11N/AN/A1431142,9552,819
2023-09-12$686.84$700.0019.7%5.4%14.9%11.1%18.6%3.5%5.1%1.1M213.3K-308.1K1.1881.59N/AN/A901063,0742,912
2023-09-13$686.30$700.0018.4%5.3%14.9%5.2%18.2%3.3%5.3%1.3M303.8K-305.9K3.4981.12N/AN/A652273,1412,938
2023-09-14$695.41$700.0017.6%5.0%15.8%2.0%17.7%2.9%5.3%4.4M-16.4M-318.8K0.9181.43N/AN/A75683,1772,931
2023-09-15$693.83$700.0019.2%5.5%15.6%9.0%19.2%3.1%6.7%2.7M-13.4M-320.2K0.1683.60N/AN/A268433,2082,962
2023-09-18$694.91$690.0018.8%5.4%15.6%7.2%18.3%3.0%6.0%2.4M-19.6M-329.8K0.6481.46N/AN/A148942,8152,729
2023-09-19$693.34$690.0019.1%5.5%15.6%8.4%19.0%2.9%5.8%2.5M-20.0M-339.9K0.4084.12N/AN/A126502,9302,766
2023-09-20$686.51$690.0018.6%5.3%15.7%6.5%19.0%3.0%6.1%2.3M-12.8M-333.2K0.2684.18N/AN/A82213,0252,794
2023-09-21$686.63$690.0020.2%5.8%14.2%13.3%20.3%3.6%5.5%2.4M-14.6M-349.9K0.7783.26N/AN/A110853,1022,813
2023-09-22$681.86$690.0020.3%5.8%14.3%13.7%19.4%3.5%5.4%2.3M-9.3M-349.9K0.2383.31N/AN/A100233,1632,860
2023-09-25$691.33$690.0020.9%6.0%14.4%16.6%20.5%3.8%5.4%3.1M-22.1M-351.1K0.4583.70N/AN/A129583,2362,872
2023-09-26$686.33$690.0022.1%6.3%14.3%21.5%22.6%4.1%5.3%3.0M-18.1M-362.4K0.6683.76N/AN/A80533,3262,910
2023-09-27$698.81$690.0021.9%6.3%15.4%21.0%22.1%3.8%5.4%3.9M-35.9M-381.4K0.6082.94N/AN/A2021223,3612,937
2023-09-28$699.17$690.0021.6%6.2%14.9%19.3%22.0%3.8%5.7%4.0M-36.3M-366.4K0.4683.31N/AN/A215993,3892,920
2023-09-29$692.38$690.0021.3%6.1%14.7%18.4%20.8%3.3%5.9%3.7M-25.9M-371.4K0.5585.69N/AN/A67373,4992,999