GWW Options History — December 2023

In December 2023, GWW traded between $796.06 and $834.13. ATM implied volatility averaged 18.7%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded below realized volatility by 2.2% (HV 20d: 20.9%). Max pain ranged from $730.00 to $770.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.77.

Notable Days

  • 2023-12-29: Highest Volume — 2,592 contracts
  • 2023-12-13: Largest IV drop — 16.9% change
  • 2023-12-11: Highest IV Rank — 19.9%
  • 2023-12-26: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$818.47$796.06$834.13$803.00$829.32
Max Pain$756.00$730.00$770.00$730.00$770.00
ATM IV18.7%16.8%20.2%18.1%17.9%
Expected Move5.2%4.8%5.6%5.2%5.1%
HV 20d20.9%13.8%23.2%23.2%13.8%
HV 60d23.0%22.5%23.2%23.0%22.5%
IV Rank13.7%6.0%19.9%11.3%10.7%
IV Percentile13.0%2.8%23.0%7.5%9.1%
Term Structure4.0%-0.7%5.7%-0.7%5.2%
VWIV18.4%15.7%20.3%19.3%17.5%
Skew 25d2.1%1.8%2.4%2.0%2.2%
Skew 10d4.5%3.6%5.0%4.4%4.4%
Call IV 25d17.4%16.0%18.6%17.3%17.2%
Put IV 25d19.5%18.1%21.0%19.3%19.4%
Bid-Ask Spread %74.3768.0485.1085.1082.25
Gamma HHI0.090.070.140.110.07
Net GEX22.0M16.6M26.0M23.2M20.7M
Net DEX-423.7M-510.7M-353.0M-383.4M-436.6M
Net VEX-1.3M-1.5M-1.1M-1.1M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.072.730.080.48
Total Volume603.7582,5927522,592
Total OI15,154.513,79717,25913,98315,464

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$803.00$730.0018.1%5.2%23.2%11.3%19.3%2.0%-0.7%23.2M-383.4M-1.1M0.0885.10N/AN/A696569,1404,843
2023-12-04$798.69$750.0019.5%5.1%22.3%17.2%18.0%1.8%3.2%24.2M-365.4M-1.2M2.7368.50N/AN/A441209,3594,859
2023-12-05$796.06$750.0019.8%5.2%22.2%18.2%18.1%2.0%3.3%24.3M-353.0M-1.2M0.4868.20N/AN/A3321599,3584,942
2023-12-06$801.85$750.0019.9%5.3%22.0%18.6%18.9%2.2%3.3%24.7M-382.6M-1.2M0.5368.04N/AN/A146779,6575,068
2023-12-07$807.42$750.0019.2%5.2%22.0%16.0%18.7%2.1%3.2%25.0M-411.3M-1.2M0.1768.74N/AN/A406679,7465,114
2023-12-08$806.53$750.0017.5%5.1%22.0%9.2%18.2%2.3%3.7%26.0M-408.8M-1.2M2.3570.65N/AN/A17140110,0265,157
2023-12-11$815.13$750.0020.2%5.1%22.0%19.9%18.5%2.2%3.3%24.9M-448.4M-1.2M0.8171.06N/AN/A42834810,0895,522
2023-12-12$821.25$750.0020.2%4.8%22.1%19.7%16.9%2.1%4.2%23.8M-485.4M-1.2M0.3173.24N/AN/A59018010,1975,830
2023-12-13$819.17$760.0016.8%4.8%21.5%6.0%17.0%2.1%3.6%24.4M-469.7M-1.2M1.6173.21N/AN/A26843110,2675,930
2023-12-14$827.39$760.0016.9%4.8%21.1%6.5%15.7%2.0%4.4%22.6M-510.7M-1.2M0.2674.17N/AN/A53914110,4676,310
2023-12-15$820.20$760.0017.6%5.0%21.5%9.3%18.6%2.0%4.3%23.4M-487.0M-1.2M0.1673.70N/AN/A1,09017810,8916,368
2023-12-18$834.13$760.0018.8%5.4%22.1%14.3%20.0%2.0%4.0%16.6M-415.4M-1.3M0.8773.92N/AN/A3002619,5104,287
2023-12-19$831.14$760.0018.5%5.3%22.0%13.0%17.2%2.1%4.1%16.7M-407.9M-1.3M0.1173.64N/AN/A721769,6314,420
2023-12-20$820.03$760.0018.5%5.3%22.6%12.9%18.7%2.4%4.6%18.6M-382.2M-1.4M0.0775.61N/AN/A4383210,1404,486
2023-12-21$823.55$760.0019.0%5.5%22.6%15.2%18.7%2.3%4.6%19.5M-403.3M-1.5M0.5777.17N/AN/A372110,4824,508
2023-12-22$827.38$760.0018.7%5.4%22.6%14.0%19.0%2.3%5.0%19.4M-418.5M-1.5M0.4174.32N/AN/A1757210,5154,524
2023-12-26$829.39$760.0019.4%5.6%22.6%16.5%19.5%2.4%4.8%20.5M-435.2M-1.4M1.5276.96N/AN/A294410,6944,564
2023-12-27$830.28$760.0018.8%5.4%13.8%14.3%20.3%2.0%5.2%20.8M-439.5M-1.4M0.3178.77N/AN/A2567910,7174,588
2023-12-28$827.54$770.0018.0%5.2%14.0%11.0%19.0%2.1%5.7%20.8M-429.3M-1.4M1.6180.06N/AN/A284510,7644,656
2023-12-29$829.32$770.0017.9%5.1%13.8%10.7%17.5%2.2%5.2%20.7M-436.6M-1.4M0.4882.25N/AN/A1,75583710,7784,686