GWW Options History — September 2025

In September 2025, GWW traded between $949.53 and $1026.97. ATM implied volatility averaged 21.5%, placing in the 18.6% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 1.5% (HV 20d: 20.0%). Max pain ranged from $970.00 to $980.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.35.

Notable Days

2025-09-24: Highest Volume — 2,042 contracts
2025-09-05: Largest IV spike — 12.8% change
2025-09-29: Highest IV Rank — 26.0%
2025-09-29: Largest Expected Move — 6.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$989.51	$949.53	$1026.97	$1014.55	$950.88
Max Pain	$978.57	$970.00	$980.00	$970.00	$970.00
ATM IV	21.5%	19.2%	24.0%	20.0%	23.6%
Expected Move	6.1%	5.6%	6.9%	5.7%	6.8%
HV 20d	20.0%	17.7%	21.6%	18.8%	19.7%
HV 60d	28.6%	28.0%	28.9%	28.1%	28.5%
IV Rank	18.6%	12.0%	26.0%	14.3%	24.8%
IV Percentile	52.0%	16.7%	70.6%	37.7%	69.4%
Term Structure	1.6%	0.1%	3.3%	0.1%	0.9%
VWIV	20.6%	12.1%	24.6%	19.8%	23.8%
Skew 25d	2.2%	0.8%	3.4%	3.0%	2.1%
Skew 10d	3.5%	1.0%	11.7%	2.2%	4.5%
Call IV 25d	20.2%	17.8%	22.5%	18.2%	22.5%
Put IV 25d	22.5%	20.5%	24.6%	21.2%	24.6%
Bid-Ask Spread %	78.38	70.82	92.32	90.94	82.27
Gamma HHI	0.16	0.10	0.22	0.21	0.15
Net GEX	29.0M	16.8M	43.6M	36.7M	22.4M
Net DEX	-221.6M	-338.2M	-141.1M	-283.5M	-223.9M
Net VEX	-1.1M	-1.5M	-927.1K	-1.1M	-1.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.35	0.01	21.50	0.37	0.16
Total Volume	640.571	45	2,042	71	201
Total OI	11,981.286	9,881	13,386	12,117	11,729

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-09-02	$1014.55	$970.00	20.0%	5.7%	18.8%	14.3%	19.8%	3.0%	0.1%	36.7M	-283.5M	-1.1M	0.37	90.94	N/A	N/A	52	19	10,004	2,113
2025-09-03	$1015.15	$970.00	19.5%	5.6%	18.8%	12.8%	20.3%	2.3%	1.3%	36.9M	-281.0M	-1.1M	21.50	92.32	N/A	N/A	2	43	10,050	2,118
2025-09-04	$1026.97	$980.00	19.2%	5.7%	17.7%	12.0%	0.0%	2.7%	1.8%	40.7M	-338.2M	-1.1M	0.84	77.52	N/A	N/A	44	37	10,050	2,139
2025-09-05	$993.41	$980.00	21.7%	5.8%	21.5%	19.2%	19.9%	3.4%	1.6%	28.8M	-181.9M	-953.5K	0.11	74.50	N/A	N/A	436	50	10,087	2,171
2025-09-08	$993.14	$980.00	22.1%	5.9%	21.5%	20.6%	12.1%	2.4%	1.6%	29.2M	-184.1M	-951.2K	0.17	70.82	N/A	N/A	208	36	10,115	2,177
2025-09-09	$994.05	$980.00	21.8%	6.0%	21.1%	19.6%	20.2%	2.6%	2.1%	29.0M	-176.0M	-927.1K	0.08	71.66	N/A	N/A	617	52	10,071	2,204
2025-09-10	$993.33	$980.00	20.9%	6.0%	20.1%	16.9%	16.2%	3.3%	1.2%	29.1M	-172.0M	-941.7K	0.47	72.65	N/A	N/A	615	288	10,182	2,194
2025-09-11	$1013.25	$980.00	20.4%	5.9%	20.0%	15.6%	19.6%	2.5%	1.9%	40.3M	-291.2M	-1.1M	0.04	74.89	N/A	N/A	646	25	10,499	2,199
2025-09-12	$1006.06	$980.00	20.2%	5.8%	20.1%	15.0%	20.1%	1.8%	2.3%	39.6M	-272.6M	-1.2M	1.24	77.51	N/A	N/A	25	31	10,535	2,212
2025-09-15	$1013.67	$980.00	20.5%	5.9%	20.1%	15.8%	18.7%	2.6%	2.3%	43.6M	-296.5M	-1.1M	0.53	77.38	N/A	N/A	34	18	10,546	2,232
2025-09-16	$994.76	$980.00	21.1%	6.0%	21.3%	17.5%	21.8%	1.4%	1.5%	30.6M	-195.0M	-1.0M	0.07	77.63	N/A	N/A	722	53	10,566	2,237
2025-09-17	$997.51	$980.00	21.3%	6.1%	20.9%	18.2%	21.5%	1.3%	0.9%	33.0M	-232.6M	-1.1M	0.71	76.72	N/A	N/A	59	42	10,720	2,250
2025-09-18	$1007.02	$980.00	20.3%	5.8%	20.9%	15.1%	20.2%	1.6%	2.0%	38.0M	-252.9M	-1.1M	0.12	79.71	N/A	N/A	705	83	10,721	2,267
2025-09-19	$988.28	$980.00	20.8%	6.0%	21.6%	16.8%	20.6%	2.6%	3.3%	17.1M	-180.2M	-1.0M	0.09	78.16	N/A	N/A	1,012	91	11,082	2,304
2025-09-22	$981.63	$980.00	23.4%	6.7%	18.5%	24.2%	19.4%	1.4%	0.6%	18.9M	-186.4M	-1.2M	1.60	74.80	N/A	N/A	365	585	8,322	1,559
2025-09-23	$975.37	$980.00	22.2%	6.4%	18.5%	20.8%	24.6%	0.8%	2.3%	18.5M	-176.7M	-1.2M	0.03	73.92	N/A	N/A	764	20	8,661	1,611
2025-09-24	$959.04	$980.00	22.8%	6.5%	19.2%	22.5%	23.2%	2.4%	1.7%	16.8M	-141.1M	-1.1M	0.02	75.64	N/A	N/A	1,995	47	8,772	1,627
2025-09-25	$952.34	$980.00	22.7%	6.5%	19.2%	22.3%	23.1%	2.5%	2.5%	17.8M	-158.5M	-1.2M	0.01	77.00	N/A	N/A	1,905	14	9,062	1,596
2025-09-26	$959.80	$980.00	22.2%	6.4%	19.6%	20.7%	23.8%	1.8%	1.8%	21.1M	-230.0M	-1.5M	0.02	84.33	N/A	N/A	314	5	9,610	1,602
2025-09-29	$949.53	$980.00	24.0%	6.9%	19.8%	26.0%	23.7%	2.4%	0.2%	20.6M	-200.4M	-1.4M	0.07	85.66	N/A	N/A	1,115	77	9,801	1,610
2025-09-30	$950.88	$970.00	23.6%	6.8%	19.7%	24.8%	23.8%	2.1%	0.9%	22.4M	-223.9M	-1.4M	0.16	82.27	N/A	N/A	173	28	10,049	1,680