GWW Options History — May 2024

In May 2024, GWW traded between $905.63 and $964.35. ATM implied volatility averaged 17.1%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 1.9% (HV 20d: 15.2%). Max pain ranged from $910.00 to $930.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.68.

Notable Days

  • 2024-05-09: Highest Volume — 6,243 contracts
  • 2024-05-15: Largest IV drop — 27.4% change
  • 2024-05-14: Highest IV Rank — 25.3%
  • 2024-05-01: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$942.70$905.63$964.35$925.13$912.00
Max Pain$921.82$910.00$930.00$920.00$920.00
ATM IV17.1%14.5%21.0%19.6%18.2%
Expected Move4.8%4.1%5.6%5.6%5.2%
HV 20d15.2%10.5%19.5%19.5%17.5%
HV 60d16.7%15.8%17.8%17.1%17.8%
IV Rank9.4%0.0%25.3%18.8%15.8%
IV Percentile11.7%0.0%56.3%31.0%17.9%
Term Structure0.8%-0.7%2.3%-0.7%0.1%
VWIV16.8%14.7%20.2%20.2%17.3%
Skew 25d1.1%0.1%2.0%1.0%2.0%
Skew 10d2.1%-0.0%5.5%0.5%4.0%
Call IV 25d16.3%14.3%19.4%19.4%17.2%
Put IV 25d17.4%15.5%20.4%20.4%19.1%
Bid-Ask Spread %74.3964.8185.8983.5877.45
Gamma HHI0.110.080.190.080.10
Net GEX21.9M17.6M26.7M17.6M20.4M
Net DEX-660.3M-794.8M-448.2M-554.3M-479.0M
Net VEX-2.0M-2.3M-1.8M-2.2M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.024.630.290.16
Total Volume707.773826,243391414
Total OI20,277.27317,70722,52921,38318,614

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$925.13$920.0019.6%5.6%19.5%18.8%20.2%1.0%-0.7%17.6M-554.3M-2.2M0.2983.58N/AN/A3048713,3917,992
2024-05-02$924.32$920.0019.2%5.5%19.1%17.3%19.5%0.8%-0.4%17.8M-547.5M-2.2M0.1184.15N/AN/A3103313,4008,036
2024-05-03$933.42$920.0017.5%5.0%17.5%9.6%17.3%0.1%0.1%20.4M-619.7M-2.1M0.2485.89N/AN/A1643913,4898,021
2024-05-06$941.38$910.0018.3%5.1%18.0%13.2%17.7%1.3%0.7%21.1M-671.6M-2.0M0.0664.81N/AN/A3632113,5238,042
2024-05-07$948.62$910.0017.6%4.8%18.2%10.2%17.0%1.3%1.1%21.9M-731.0M-1.9M0.0967.57N/AN/A6385913,5698,055
2024-05-08$949.17$910.0016.6%4.7%18.3%5.6%17.3%1.1%1.9%22.7M-732.1M-1.9M0.1167.63N/AN/A4505013,6748,104
2024-05-09$955.86$910.0016.1%4.8%14.1%3.4%17.4%0.8%0.2%22.8M-794.8M-1.8M0.0267.39N/AN/A6,09514813,7948,147
2024-05-10$957.89$920.0015.8%4.6%14.1%2.2%16.1%0.9%0.8%22.4M-738.4M-1.9M0.6772.24N/AN/A55136712,9618,265
2024-05-13$950.61$920.0020.0%4.7%13.8%20.8%16.6%0.9%0.9%22.5M-683.9M-1.9M1.0466.13N/AN/A16016713,1178,472
2024-05-14$949.50$920.0021.0%4.7%13.7%25.3%16.2%1.0%1.6%22.0M-681.1M-1.9M3.6768.51N/AN/A19973113,1618,543
2024-05-15$953.80$920.0015.3%4.4%13.4%0.0%15.4%0.5%1.3%19.6M-716.5M-1.9M4.6371.91N/AN/A11955113,2009,242
2024-05-16$946.81$920.0016.5%4.7%13.2%5.3%16.3%1.3%0.8%24.0M-659.9M-2.0M0.3075.52N/AN/A2417313,3409,150
2024-05-17$944.00$920.0014.5%4.1%13.3%0.0%14.7%1.9%2.3%26.7M-643.0M-2.0M0.1973.33N/AN/A5089613,3899,140
2024-05-20$951.65$930.0015.3%4.4%13.4%3.7%15.0%1.2%1.1%23.2M-712.1M-1.9M0.3375.70N/AN/A732411,7105,997
2024-05-21$955.67$930.0015.0%4.3%12.7%2.5%15.7%0.7%1.6%23.3M-725.7M-1.9M0.2076.27N/AN/A1202411,7696,016
2024-05-22$960.98$930.0015.4%4.4%12.9%4.2%15.6%1.1%1.3%23.0M-753.1M-1.9M0.5575.99N/AN/A22012111,7936,033
2024-05-23$954.02$930.0016.0%4.6%12.9%6.3%15.6%1.5%0.6%23.2M-721.2M-1.9M0.3276.52N/AN/A622011,8386,115
2024-05-24$964.35$930.0015.2%4.4%10.5%3.2%14.9%0.5%1.0%23.6M-781.3M-1.8M0.2772.65N/AN/A49913511,8616,111
2024-05-28$940.98$930.0016.5%4.7%14.1%8.8%16.6%1.3%0.5%24.3M-649.3M-2.0M0.1876.50N/AN/A2795011,9756,227
2024-05-29$913.62$930.0018.0%5.2%17.2%15.1%18.0%1.9%0.2%20.5M-481.8M-2.2M0.2079.27N/AN/A72014512,0226,229
2024-05-30$905.63$930.0018.2%5.2%17.2%15.8%18.5%1.5%0.5%19.0M-448.2M-2.3M1.4377.48N/AN/A588312,2926,281
2024-05-31$912.00$920.0018.2%5.2%17.5%15.8%17.3%2.0%0.1%20.4M-479.0M-2.3M0.1677.45N/AN/A3575712,3226,292