GWW Options History — November 2023

In November 2023, GWW traded between $746.31 and $811.66. ATM implied volatility averaged 17.3%, placing in the 4.2% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 7.7% (HV 20d: 25.0%). Max pain ranged from $690.00 to $730.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.77.

Notable Days

  • 2023-11-09: Highest Volume — 3,790 contracts
  • 2023-11-28: Largest IV spike — 15.2% change
  • 2023-11-28: Highest IV Rank — 14.0%
  • 2023-11-01: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$787.63$746.31$811.66$746.31$784.20
Max Pain$719.05$690.00$730.00$700.00$730.00
ATM IV17.3%15.3%18.8%18.8%18.5%
Expected Move5.0%4.4%5.4%5.4%5.3%
HV 20d25.0%16.0%30.1%30.0%22.1%
HV 60d21.5%20.8%23.2%20.8%22.6%
IV Rank4.2%0.0%14.0%7.1%13.2%
IV Percentile2.7%0.0%10.3%3.6%9.1%
Term Structure0.3%-1.7%0.9%0.6%-1.3%
VWIV18.2%15.2%21.6%21.6%19.6%
Skew 25d2.3%1.2%3.0%3.0%2.2%
Skew 10d4.7%3.0%5.9%5.9%4.7%
Call IV 25d16.6%14.9%18.0%17.9%17.8%
Put IV 25d18.8%16.3%20.9%20.9%20.0%
Bid-Ask Spread %77.5070.8685.8583.2485.85
Gamma HHI0.110.080.190.120.11
Net GEX20.9M17.9M26.6M18.8M22.9M
Net DEX-351.8M-418.3M-221.1M-221.1M-296.6M
Net VEX-937.7K-1.2M-658.1K-676.0K-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.125.510.215.51
Total Volume873.4291373,790608267
Total OI12,693.2389,99914,0549,99913,871

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$746.31$700.0018.8%5.4%30.0%7.1%21.6%3.0%0.6%18.8M-221.1M-676.0K0.2183.24N/AN/A5041046,7543,245
2023-11-02$755.03$690.0017.0%5.2%30.1%0.0%18.7%2.8%0.7%20.3M-260.5M-671.9K0.4370.86N/AN/A5522356,9303,270
2023-11-03$771.30$700.0016.7%5.1%30.0%0.0%18.0%2.8%0.7%19.2M-321.3M-658.1K0.1674.31N/AN/A2,0393287,1273,375
2023-11-06$766.81$710.0017.4%5.0%30.1%3.2%21.2%3.0%0.9%22.8M-319.1M-824.9K2.0673.79N/AN/A2324798,1153,686
2023-11-07$775.80$710.0017.3%5.1%29.2%3.0%18.8%2.6%0.8%21.7M-357.6M-845.7K0.2772.39N/AN/A9662578,2734,042
2023-11-08$780.80$710.0017.4%5.0%29.2%3.3%19.2%2.7%0.7%21.0M-379.6M-901.6K0.4772.43N/AN/A6543098,5234,208
2023-11-09$782.92$720.0018.6%5.3%27.6%8.4%19.6%2.5%0.3%20.9M-384.6M-954.4K0.1372.48N/AN/A3,3434478,7024,488
2023-11-10$791.43$720.0017.6%5.0%27.4%4.0%17.7%2.5%0.7%20.0M-360.7M-984.6K0.2472.74N/AN/A326798,2174,748
2023-11-13$790.72$720.0017.9%5.1%27.5%5.3%18.5%2.7%0.4%21.7M-366.8M-968.0K1.3672.16N/AN/A58798,4094,784
2023-11-14$803.77$720.0017.3%5.0%27.8%2.9%17.3%2.3%0.5%20.5M-417.5M-913.2K0.4474.11N/AN/A5222298,4274,796
2023-11-15$794.29$720.0017.8%5.1%24.9%5.0%17.3%2.5%0.4%21.1M-374.7M-971.1K0.2275.04N/AN/A391858,5014,919
2023-11-16$795.07$720.0017.3%4.9%23.6%2.6%17.7%2.3%0.5%22.1M-379.5M-991.2K0.9575.88N/AN/A3223068,6224,977
2023-11-17$800.50$720.0016.6%4.8%22.6%0.0%17.8%2.4%0.5%26.6M-407.9M-949.1K0.2477.69N/AN/A8862168,8385,216
2023-11-20$808.60$730.0016.1%4.6%22.0%0.0%16.2%1.6%0.3%17.9M-393.9M-936.2K0.1278.58N/AN/A740918,0934,151
2023-11-21$807.62$730.0016.0%4.6%22.0%0.0%16.3%1.4%0.5%19.0M-392.0M-985.8K0.5379.72N/AN/A3641928,3544,313
2023-11-22$810.41$730.0015.5%4.4%19.6%0.0%16.2%1.2%0.7%19.4M-405.2M-998.8K0.2381.71N/AN/A292688,4774,460
2023-11-24$811.64$730.0015.3%4.4%16.0%0.0%15.2%1.5%0.8%19.8M-411.8M-1.0M0.2283.29N/AN/A419948,5584,480
2023-11-27$811.66$730.0016.3%4.7%16.2%4.0%16.9%1.6%-0.0%21.0M-418.3M-1.0M0.2282.24N/AN/A5031108,7404,549
2023-11-28$774.37$730.0018.7%5.4%23.2%14.0%19.0%2.3%-1.5%21.4M-254.1M-1.1M0.3184.29N/AN/A6982178,9244,611
2023-11-29$777.00$730.0018.6%5.3%23.2%13.4%18.7%2.2%-1.7%21.6M-264.9M-1.2M1.7684.76N/AN/A1232169,0814,704
2023-11-30$784.20$730.0018.5%5.3%22.1%13.2%19.6%2.2%-1.3%22.9M-296.6M-1.2M5.5185.85N/AN/A412269,1394,732