GWW Options History — February 2024

In February 2024, GWW traded between $922.63 and $977.17. ATM implied volatility averaged 20.0%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded below realized volatility by 10.1% (HV 20d: 30.1%). Max pain ranged from $880.00 to $950.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.49.

Notable Days

  • 2024-02-08: Highest Volume — 2,454 contracts
  • 2024-02-02: Largest IV drop — 46.8% change
  • 2024-02-01: Highest IV Rank — 91.9%
  • 2024-02-01: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$951.42$922.63$977.17$922.63$977.17
Max Pain$933.00$880.00$950.00$880.00$940.00
ATM IV20.0%17.8%38.0%38.0%18.4%
Expected Move5.5%5.1%7.6%7.6%5.3%
HV 20d30.1%21.2%32.4%21.2%28.1%
HV 60d22.8%19.5%24.0%19.5%21.2%
IV Rank19.2%10.2%91.9%91.9%12.8%
IV Percentile24.9%8.3%98.8%98.8%13.5%
Term Structure1.2%-1.3%1.8%-1.3%1.2%
VWIV19.6%16.8%26.8%26.8%18.7%
Skew 25d1.2%-0.0%2.3%0.5%0.5%
Skew 10d2.4%0.2%4.3%1.2%3.0%
Call IV 25d19.0%17.6%26.4%26.4%18.4%
Put IV 25d20.2%18.6%27.0%27.0%18.9%
Bid-Ask Spread %68.9545.5480.0245.5478.23
Gamma HHI0.100.060.180.060.13
Net GEX23.3M19.5M33.8M21.0M21.0M
Net DEX-868.4M-1.02B-726.6M-792.6M-943.7M
Net VEX-2.0M-2.2M-1.4M-1.7M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.490.136.810.492.13
Total Volume791.1612,4542,398260
Total OI20,610.7518,62122,61718,62121,386

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$922.63$880.0038.0%7.6%21.2%91.9%26.8%0.5%-1.3%21.0M-792.6M-1.7M0.4945.54N/AN/A1,61278612,8355,786
2024-02-02$974.68$880.0020.2%5.8%27.3%20.0%21.1%-0.0%1.4%19.5M-1.02B-1.4M0.4567.07N/AN/A1,62472713,1816,387
2024-02-05$945.31$930.0021.0%5.7%30.6%23.2%19.9%1.1%1.7%22.5M-886.2M-1.7M0.8262.52N/AN/A43335613,3606,686
2024-02-06$938.22$930.0021.0%5.4%31.0%23.2%19.3%1.5%1.8%23.1M-859.9M-1.8M0.3365.32N/AN/A56318713,6536,826
2024-02-07$946.71$930.0018.4%5.3%31.0%12.7%18.6%0.5%1.5%23.3M-919.4M-1.8M0.5061.76N/AN/A25212513,9886,950
2024-02-08$952.31$940.0018.6%5.3%31.0%13.5%16.8%1.9%0.5%23.5M-957.6M-1.7M0.1380.02N/AN/A2,17527914,0977,004
2024-02-09$958.29$940.0017.8%5.1%31.0%10.2%17.9%1.0%1.8%24.8M-930.2M-1.9M2.0166.05N/AN/A25751613,7197,252
2024-02-12$949.76$940.0018.6%5.3%31.5%13.2%18.8%1.2%1.4%25.5M-876.4M-2.0M2.8565.32N/AN/A12736213,8107,578
2024-02-13$933.45$950.0020.1%5.8%32.4%19.6%19.6%2.3%1.0%26.1M-780.2M-2.2M1.8764.94N/AN/A23343613,9007,751
2024-02-14$945.67$940.0018.7%5.4%32.4%13.7%20.8%2.2%1.5%27.3M-854.8M-2.2M4.9668.52N/AN/A10451614,0458,076
2024-02-15$945.20$940.0018.6%5.3%30.2%13.4%18.9%1.8%1.8%27.2M-844.2M-2.2M0.3364.32N/AN/A461514,0928,506
2024-02-16$936.19$940.0018.6%5.3%30.4%13.3%18.2%1.8%1.6%33.8M-792.1M-2.2M0.5670.67N/AN/A21412014,1038,514
2024-02-20$935.78$940.0019.6%5.6%30.2%17.5%19.7%2.3%0.6%20.4M-726.6M-2.1M1.0166.53N/AN/A11211312,7636,122
2024-02-21$940.21$940.0019.4%5.6%30.2%16.7%20.9%1.8%0.7%20.3M-744.9M-2.1M0.4371.86N/AN/A36515612,8406,472
2024-02-22$961.62$940.0018.9%5.4%30.9%14.8%19.1%0.5%1.3%21.0M-857.7M-2.0M0.3175.61N/AN/A1865812,9386,556
2024-02-23$957.23$940.0017.9%5.1%31.0%10.8%18.2%0.7%1.6%21.7M-834.3M-2.1M0.5875.85N/AN/A50329313,1046,582
2024-02-26$966.71$940.0018.7%5.4%31.1%14.0%19.9%0.8%1.3%21.7M-900.3M-2.0M1.9175.94N/AN/A24045913,2756,774
2024-02-27$968.85$940.0018.8%5.4%30.9%14.3%18.8%0.7%1.2%21.4M-911.6M-2.0M1.2774.30N/AN/A648113,3957,207
2024-02-28$972.42$940.0018.9%5.4%29.8%14.7%19.0%0.3%1.0%21.4M-930.7M-2.0M6.8178.60N/AN/A11175613,4387,264
2024-02-29$977.17$940.0018.4%5.3%28.1%12.8%18.7%0.5%1.2%21.0M-943.7M-2.0M2.1378.23N/AN/A8317713,4647,922