GWW Options History — March 2024

In March 2024, GWW traded between $963.61 and $1030.31. ATM implied volatility averaged 20.4%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 4.6% (HV 20d: 15.9%). Max pain ranged from $800.00 to $940.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.69.

Notable Days

  • 2024-03-07: Highest Volume — 1,240 contracts
  • 2024-03-11: Largest IV spike — 17.4% change
  • 2024-03-11: Highest IV Rank — 33.7%
  • 2024-03-06: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$995.83$963.61$1030.31$981.00$1018.00
Max Pain$830.00$800.00$940.00$940.00$840.00
ATM IV20.4%18.4%23.6%18.4%19.1%
Expected Move5.8%5.3%6.2%5.3%5.5%
HV 20d15.9%14.2%26.6%26.6%15.5%
HV 60d21.6%21.1%22.0%21.1%21.4%
IV Rank21.7%12.6%33.7%12.6%16.8%
IV Percentile39.6%12.7%69.0%12.7%26.6%
Term Structure3.8%1.5%5.4%1.5%5.4%
VWIV19.9%16.3%22.2%17.4%16.3%
Skew 25d0.9%0.1%1.7%0.3%0.7%
Skew 10d1.6%0.3%3.5%1.1%2.5%
Call IV 25d19.9%18.4%21.5%18.4%19.0%
Put IV 25d20.8%18.7%23.0%18.7%19.7%
Bid-Ask Spread %76.3667.8083.7476.7783.74
Gamma HHI0.130.120.150.130.12
Net GEX22.0M19.4M30.0M20.5M25.0M
Net DEX-1.04B-1.19B-885.4M-956.8M-1.15B
Net VEX-1.9M-2.1M-1.6M-2.0M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.052.731.390.05
Total Volume499.21041,240306587
Total OI22,394.621,55123,41621,55123,322

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$981.00$940.0018.4%5.3%26.6%12.6%17.4%0.3%1.5%20.5M-956.8M-2.0M1.3976.77N/AN/A12817813,5058,046
2024-03-04$989.24$800.0020.7%5.9%18.4%21.8%20.7%1.0%3.4%19.8M-1.00B-1.9M0.1873.41N/AN/A4157513,5208,081
2024-03-05$984.62$800.0022.4%6.2%14.4%28.9%21.6%1.0%3.1%20.1M-974.5M-2.0M0.1167.80N/AN/A7448513,5488,145
2024-03-06$979.77$810.0021.9%6.2%14.2%26.7%22.2%1.4%3.5%21.2M-943.3M-2.1M2.7373.50N/AN/A339013,8698,207
2024-03-07$990.63$810.0021.3%5.9%14.4%24.2%21.0%1.0%3.0%21.4M-1.02B-1.9M0.0970.31N/AN/A1,13910113,8808,260
2024-03-08$972.76$810.0020.1%5.9%16.0%19.6%20.4%0.7%3.3%21.6M-941.7M-2.0M0.5874.71N/AN/A21612514,1338,331
2024-03-11$963.61$820.0023.6%5.9%16.3%33.7%20.5%1.2%3.3%21.7M-885.4M-2.1M0.9274.34N/AN/A21019414,2128,404
2024-03-12$973.36$820.0022.6%5.8%16.3%29.6%20.2%0.7%3.5%22.6M-959.3M-2.0M1.3774.16N/AN/A12316814,3008,448
2024-03-13$973.19$820.0019.3%5.5%14.7%16.3%19.6%0.1%3.9%22.6M-956.8M-2.0M1.7075.61N/AN/A11719914,3708,551
2024-03-14$991.61$820.0020.1%5.7%15.4%20.8%20.6%1.5%3.9%23.0M-1.05B-1.8M0.5377.97N/AN/A62833214,4128,721
2024-03-15$990.58$830.0020.0%5.7%15.4%20.3%20.0%1.3%4.1%30.0M-1.04B-2.0M0.2574.15N/AN/A41410514,4848,932
2024-03-18$997.80$830.0020.3%5.8%14.9%21.8%20.7%0.7%3.7%21.3M-1.04B-1.9M1.2675.57N/AN/A15519513,6757,906
2024-03-19$1001.43$830.0020.0%5.7%14.8%20.6%19.8%0.9%4.1%21.3M-1.05B-1.8M0.2875.94N/AN/A3519813,7828,077
2024-03-20$1012.10$830.0019.6%5.6%15.0%18.8%18.3%0.9%3.8%21.6M-1.11B-1.7M0.1379.30N/AN/A3054113,9058,154
2024-03-21$1030.31$830.0019.7%5.7%14.3%19.3%20.2%0.6%4.2%19.4M-1.19B-1.6M0.6378.71N/AN/A33020714,0098,149
2024-03-22$1026.32$840.0019.3%5.5%14.3%17.5%19.4%0.8%4.7%19.9M-1.18B-1.7M0.7077.99N/AN/A21014814,1558,308
2024-03-25$1011.88$840.0020.4%5.9%15.4%22.4%19.5%0.5%4.5%21.4M-1.10B-1.8M0.1879.11N/AN/A4848714,1188,375
2024-03-26$1010.65$840.0020.2%5.8%15.4%21.6%20.3%0.6%4.6%23.1M-1.10B-1.9M0.6381.04N/AN/A644014,3738,399
2024-03-27$1017.69$840.0019.9%5.7%15.5%20.0%19.7%1.7%5.1%22.5M-1.13B-1.8M0.1683.15N/AN/A74411914,4088,418
2024-03-28$1018.00$840.0019.1%5.5%15.5%16.8%16.3%0.7%5.4%25.0M-1.15B-1.8M0.0583.74N/AN/A5582914,8618,461