GWW Options History — January 2024

In January 2024, GWW traded between $811.50 and $917.40. ATM implied volatility averaged 24.8%, placing in the 38.3% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 9.2% (HV 20d: 15.6%). Max pain ranged from $770.00 to $830.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.08.

Notable Days

  • 2024-01-18: Highest Volume — 2,114 contracts
  • 2024-01-10: Largest IV spike — 27.9% change
  • 2024-01-31: Highest IV Rank — 76.5%
  • 2024-01-31: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$853.23$811.50$917.40$811.75$896.08
Max Pain$787.62$770.00$830.00$790.00$830.00
ATM IV24.8%18.4%34.2%19.9%34.2%
Expected Move7.4%5.5%9.8%5.7%9.8%
HV 20d15.6%12.9%19.5%14.0%19.5%
HV 60d20.7%18.2%23.1%23.1%19.2%
IV Rank38.3%12.6%76.5%18.5%76.5%
IV Percentile59.8%11.9%97.6%23.8%97.6%
Term Structure-2.9%-8.7%5.1%4.0%-8.7%
VWIV26.0%20.1%35.2%21.0%35.2%
Skew 25d1.9%-0.2%3.5%2.8%-0.1%
Skew 10d3.9%-0.4%6.7%5.5%-0.4%
Call IV 25d25.6%18.5%34.8%18.9%34.8%
Put IV 25d27.5%20.7%34.8%21.6%34.8%
Bid-Ask Spread %61.4154.8783.0181.6161.24
Gamma HHI0.070.050.090.070.06
Net GEX22.1M15.5M27.1M17.7M22.0M
Net DEX-540.8M-775.8M-329.7M-336.5M-676.3M
Net VEX-1.6M-1.8M-1.5M-1.5M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.058.620.860.60
Total Volume918.6191952,1141,500652
Total OI18,753.52416,58722,74016,87618,484

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$811.75$790.0019.9%5.7%14.0%18.5%21.0%2.8%4.0%17.7M-336.5M-1.5M0.8681.61N/AN/A80769311,1135,763
2024-01-03$811.50$790.0019.1%5.5%13.9%15.3%20.1%2.2%5.1%17.3M-329.7M-1.6M8.6283.01N/AN/A8775011,3076,108
2024-01-04$817.42$770.0018.7%6.8%14.0%13.8%23.7%3.2%-1.8%15.5M-352.3M-1.6M0.3059.67N/AN/A46813911,3246,738
2024-01-05$817.70$770.0018.6%6.9%13.8%13.4%23.8%3.3%-1.7%17.4M-363.0M-1.6M0.2256.73N/AN/A58212911,6916,765
2024-01-08$820.11$770.0019.3%7.0%13.6%16.4%25.9%3.5%-1.8%20.7M-396.4M-1.6M1.9958.55N/AN/A14929712,1006,846
2024-01-09$823.43$770.0018.4%6.9%13.7%12.6%25.0%3.3%-1.9%21.5M-420.1M-1.6M0.1358.94N/AN/A3504512,1577,001
2024-01-10$827.21$770.0023.5%6.7%13.3%33.4%24.1%3.2%-1.7%22.9M-453.6M-1.6M0.1959.21N/AN/A73914412,3536,998
2024-01-11$835.93$770.0023.4%6.7%13.5%32.9%24.6%2.9%-1.9%25.0M-522.4M-1.5M0.2262.46N/AN/A50211212,7087,093
2024-01-12$841.94$770.0023.8%6.8%13.6%34.5%24.6%2.4%-2.2%25.6M-561.3M-1.5M0.4360.99N/AN/A1,02843812,9737,160
2024-01-16$840.69$780.0025.4%7.3%13.3%40.9%27.2%2.3%-3.1%26.1M-556.0M-1.6M1.1355.71N/AN/A41646813,3397,435
2024-01-17$838.00$780.0025.6%7.3%12.9%41.6%27.1%2.3%-3.2%24.6M-530.2M-1.6M0.2655.57N/AN/A94224913,4347,810
2024-01-18$869.99$780.0025.3%7.2%17.5%40.4%26.1%2.0%-3.2%27.1M-750.2M-1.5M0.3860.72N/AN/A1,53757713,7987,878
2024-01-19$864.45$780.0025.5%7.3%17.6%41.4%26.6%1.9%-3.1%26.9M-727.0M-1.6M0.9354.87N/AN/A41938814,4608,280
2024-01-22$876.50$790.0026.3%7.5%17.1%44.4%26.9%1.7%-3.9%21.9M-576.8M-1.6M0.5555.68N/AN/A1266911,7014,886
2024-01-23$875.72$790.0027.1%7.8%17.2%47.7%28.4%2.1%-4.3%21.9M-571.7M-1.6M2.0156.72N/AN/A16232611,7714,942
2024-01-24$874.88$800.0027.0%7.7%17.2%47.4%27.6%1.1%-4.2%21.4M-567.8M-1.6M0.5460.70N/AN/A23812911,8375,132
2024-01-25$880.82$800.0027.8%8.0%17.3%50.6%23.6%0.2%-5.0%22.0M-601.7M-1.6M0.0560.61N/AN/A1,5678311,9625,140
2024-01-26$882.48$810.0027.7%7.9%17.3%50.1%28.2%0.3%-4.9%22.7M-616.8M-1.7M2.7662.92N/AN/A12333912,2505,157
2024-01-29$893.83$810.0030.7%8.8%17.4%62.2%26.6%0.3%-6.5%22.3M-670.7M-1.7M0.1962.74N/AN/A95217712,4315,376
2024-01-30$917.40$820.0032.7%9.4%19.1%70.5%29.3%-0.2%-7.7%21.8M-775.8M-1.7M0.4260.93N/AN/A1,33356012,6585,465
2024-01-31$896.08$830.0034.2%9.8%19.5%76.5%35.2%-0.1%-8.7%22.0M-676.3M-1.8M0.6061.24N/AN/A40724512,7815,703