GWW Options History — November 2025

In November 2025, GWW traded between $920.81 and $971.10. ATM implied volatility averaged 20.4%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 3.9% (HV 20d: 16.4%). Max pain ranged from $940.00 to $950.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 2.11.

Notable Days

2025-11-14: Highest Volume — 3,096 contracts
2025-11-21: Largest IV drop — 8.4% change
2025-11-13: Highest IV Rank — 18.4%
2025-11-06: Largest Expected Move — 6.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$943.78	$920.81	$971.10	$971.10	$947.35
Max Pain	$941.58	$940.00	$950.00	$950.00	$940.00
ATM IV	20.4%	17.9%	21.4%	21.1%	17.9%
Expected Move	5.8%	5.1%	6.3%	6.1%	5.1%
HV 20d	16.4%	14.1%	19.3%	18.4%	16.5%
HV 60d	17.6%	16.5%	18.9%	18.8%	17.3%
IV Rank	15.4%	8.2%	18.4%	17.7%	8.2%
IV Percentile	37.4%	3.6%	51.6%	47.2%	3.6%
Term Structure	-0.0%	-1.5%	1.6%	-0.1%	0.7%
VWIV	19.4%	16.3%	21.5%	21.0%	17.1%
Skew 25d	2.9%	0.9%	4.5%	2.5%	3.2%
Skew 10d	5.9%	-1.1%	13.2%	3.6%	8.1%
Call IV 25d	19.0%	16.9%	21.5%	19.4%	16.9%
Put IV 25d	22.0%	20.0%	23.8%	21.9%	20.0%
Bid-Ask Spread %	84.93	70.94	94.03	70.94	94.03
Gamma HHI	0.14	0.13	0.17	0.13	0.14
Net GEX	31.9M	23.5M	42.2M	38.0M	33.2M
Net DEX	-251.9M	-378.2M	-135.0M	-378.2M	-313.7M
Net VEX	-1.8M	-1.9M	-1.6M	-1.9M	-1.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.11	0.03	11.25	2.65	0.23
Total Volume	875.105	62	3,096	62	92
Total OI	14,372.632	13,278	15,928	14,144	13,460

Daily Data (19 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
2025-11-03	$971.10	$950.00	21.1%	6.1%	18.4%	17.7%	21.0%	2.5%	-0.1%	38.0M	-378.2M	-1.9M	2.65	70.94	N/A	N/A	17	45	11,786	2,358
2025-11-04	$958.71	$950.00	21.1%	6.1%	19.0%	17.6%	21.5%	0.9%	1.6%	33.7M	-297.4M	-1.9M	0.93	74.07	N/A	N/A	73	68	11,780	2,378
2025-11-05	$964.08	$950.00	20.7%	5.9%	19.0%	16.5%	20.4%	4.5%	0.8%	37.1M	-329.2M	-1.9M	3.83	79.23	N/A	N/A	35	134	11,771	2,401
2025-11-06	$954.61	$940.00	20.9%	6.3%	19.3%	17.0%	20.9%	4.5%	0.2%	34.6M	-284.8M	-1.8M	1.01	82.70	N/A	N/A	89	90	11,794	2,349
2025-11-07	$956.47	$940.00	20.6%	6.0%	17.8%	16.0%	21.2%	3.4%	-0.4%	35.0M	-277.7M	-1.8M	0.06	82.76	N/A	N/A	455	26	11,747	2,350
2025-11-10	$950.79	$940.00	20.8%	5.7%	17.2%	16.8%	19.7%	2.3%	-0.4%	36.8M	-266.9M	-1.7M	0.06	84.02	N/A	N/A	1,297	74	11,792	2,352
2025-11-11	$946.84	$940.00	20.3%	5.6%	15.0%	15.2%	17.3%	2.9%	-0.5%	35.5M	-250.2M	-1.7M	11.25	84.41	N/A	N/A	61	686	11,865	2,404
2025-11-12	$945.20	$940.00	20.0%	5.7%	15.0%	14.4%	19.5%	3.1%	-0.7%	34.5M	-241.3M	-1.7M	3.71	85.92	N/A	N/A	14	52	11,888	2,416
2025-11-13	$936.83	$940.00	21.4%	6.1%	15.3%	18.4%	19.6%	1.4%	-0.8%	29.9M	-195.2M	-1.6M	0.03	84.66	N/A	N/A	1,196	30	11,891	2,423
2025-11-14	$927.03	$940.00	20.2%	5.8%	15.6%	15.0%	17.5%	2.6%	0.4%	24.7M	-135.0M	-1.6M	1.14	84.98	N/A	N/A	1,448	1,648	12,273	2,426
2025-11-17	$926.16	$940.00	21.3%	6.1%	14.3%	18.2%	18.2%	3.7%	-0.2%	26.1M	-148.6M	-1.6M	1.60	86.25	N/A	N/A	1,087	1,737	12,444	2,543
2025-11-18	$922.83	$940.00	21.2%	6.1%	14.1%	17.9%	19.5%	2.9%	-1.5%	24.5M	-143.6M	-1.6M	0.96	84.86	N/A	N/A	1,187	1,139	12,561	2,590
2025-11-19	$920.81	$940.00	21.3%	6.1%	14.1%	18.0%	21.5%	4.0%	-0.5%	23.5M	-142.2M	-1.7M	0.45	88.00	N/A	N/A	387	175	12,636	2,687
2025-11-20	$930.47	$940.00	20.7%	5.9%	14.8%	16.3%	20.1%	2.2%	0.1%	26.9M	-202.7M	-1.8M	3.12	88.76	N/A	N/A	302	942	12,913	2,800
2025-11-21	$948.80	$940.00	18.9%	5.4%	16.6%	11.2%	19.1%	3.1%	1.2%	42.2M	-340.3M	-1.9M	0.66	89.73	N/A	N/A	704	468	13,059	2,869
2025-11-24	$935.89	$940.00	19.8%	5.7%	16.8%	13.8%	18.1%	2.0%	-0.5%	28.5M	-245.8M	-1.8M	2.72	92.31	N/A	N/A	98	267	11,261	2,017
2025-11-25	$940.81	$940.00	19.8%	5.7%	16.8%	13.8%	16.3%	3.1%	0.3%	30.1M	-285.9M	-1.9M	1.10	87.99	N/A	N/A	119	131	11,323	2,044
2025-11-26	$947.07	$940.00	18.7%	5.4%	16.6%	10.7%	19.6%	3.6%	-0.0%	32.1M	-307.8M	-1.9M	4.64	87.99	N/A	N/A	45	209	11,353	2,076
2025-11-28	$947.35	$940.00	17.9%	5.1%	16.5%	8.2%	17.1%	3.2%	0.7%	33.2M	-313.7M	-1.9M	0.23	94.03	N/A	N/A	75	17	11,382	2,078