GWW Options History — December 2025

In December 2025, GWW traded between $946.98 and $1032.14. ATM implied volatility averaged 17.9%, placing in the 8.2% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded below realized volatility by 0.4% (HV 20d: 18.3%). Max pain ranged from $930.00 to $940.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.57.

Notable Days

2025-12-11: Highest Volume — 2,758 contracts
2025-12-08: Largest IV spike — 15.6% change
2025-12-08: Highest IV Rank — 16.1%
2025-12-01: Largest Expected Move — 5.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1003.39	$946.98	$1032.14	$946.98	$1012.62
Max Pain	$935.91	$930.00	$940.00	$940.00	$940.00
ATM IV	17.9%	15.8%	20.6%	19.5%	16.4%
Expected Move	5.1%	4.5%	5.6%	5.6%	4.7%
HV 20d	18.3%	13.2%	21.5%	13.2%	20.2%
HV 60d	17.3%	15.9%	18.5%	16.0%	17.6%
IV Rank	8.2%	2.2%	16.1%	12.8%	3.7%
IV Percentile	8.4%	0.4%	42.1%	22.6%	1.2%
Term Structure	2.6%	-1.5%	5.4%	-1.4%	4.5%
VWIV	17.6%	10.4%	19.8%	19.8%	17.4%
Skew 25d	2.0%	0.1%	4.0%	3.3%	0.1%
Skew 10d	3.6%	-2.3%	13.8%	10.8%	5.5%
Call IV 25d	16.8%	14.4%	18.5%	17.6%	17.2%
Put IV 25d	18.8%	17.2%	20.9%	20.9%	17.2%
Bid-Ask Spread %	88.01	84.31	92.39	90.11	92.31
Gamma HHI	0.12	0.09	0.15	0.14	0.10
Net GEX	35.5M	27.5M	43.4M	33.9M	29.5M
Net DEX	-603.4M	-809.5M	-314.8M	-314.8M	-511.8M
Net VEX	-1.8M	-2.0M	-1.7M	-1.8M	-1.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.57	0.03	2.20	0.19	0.03
Total Volume	373.636	14	2,758	162	559
Total OI	13,313.636	10,995	15,304	13,484	11,066

Daily Data (22 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
2025-12-01	$946.98	$940.00	19.5%	5.6%	13.2%	12.8%	19.8%	3.3%	-1.4%	33.9M	-314.8M	-1.8M	0.19	90.11	N/A	N/A	136	26	11,398	2,086
2025-12-02	$961.58	$940.00	19.1%	5.5%	14.3%	11.7%	18.8%	4.0%	-1.5%	36.6M	-378.3M	-1.9M	0.30	91.41	N/A	N/A	84	25	11,471	2,090
2025-12-03	$970.28	$940.00	18.4%	5.3%	13.9%	9.7%	19.1%	3.3%	-1.0%	38.7M	-444.6M	-1.9M	0.56	90.57	N/A	N/A	39	22	11,492	2,101
2025-12-04	$970.56	$930.00	18.3%	5.1%	13.8%	9.3%	17.3%	0.8%	2.3%	39.8M	-457.3M	-1.9M	0.14	85.85	N/A	N/A	83	12	11,506	2,107
2025-12-05	$974.14	$930.00	17.8%	5.1%	13.3%	8.0%	16.7%	2.1%	2.2%	40.3M	-466.8M	-1.9M	0.07	86.80	N/A	N/A	29	2	11,536	2,111
2025-12-08	$960.25	$930.00	20.6%	5.1%	14.3%	16.1%	17.3%	2.0%	2.8%	39.8M	-377.2M	-1.8M	0.19	87.65	N/A	N/A	253	48	11,552	2,112
2025-12-09	$962.51	$930.00	19.7%	5.1%	14.2%	13.5%	18.0%	0.7%	3.0%	39.9M	-394.1M	-1.8M	2.20	86.53	N/A	N/A	10	22	11,630	2,128
2025-12-10	$996.25	$930.00	18.8%	5.4%	18.4%	10.9%	18.3%	1.9%	1.2%	39.5M	-582.5M	-1.8M	0.12	85.91	N/A	N/A	320	37	11,631	2,138
2025-12-11	$1030.59	$930.00	19.1%	5.5%	21.4%	11.8%	17.4%	1.9%	1.2%	33.2M	-777.1M	-1.7M	0.07	84.31	N/A	N/A	2,586	172	11,754	2,157
2025-12-12	$1020.04	$930.00	18.2%	5.2%	21.5%	9.1%	18.7%	0.9%	1.6%	38.3M	-774.0M	-2.0M	0.68	86.43	N/A	N/A	87	59	12,671	2,268
2025-12-15	$1026.24	$930.00	18.2%	5.2%	20.8%	9.0%	18.2%	0.9%	2.1%	36.2M	-809.5M	-1.9M	0.26	84.41	N/A	N/A	229	60	12,701	2,295
2025-12-16	$1023.63	$930.00	17.7%	5.1%	20.9%	7.7%	17.6%	2.3%	2.5%	38.2M	-801.2M	-1.9M	0.36	84.63	N/A	N/A	58	21	12,877	2,328
2025-12-17	$1019.00	$940.00	18.0%	5.2%	20.9%	8.4%	18.8%	2.1%	2.8%	39.8M	-777.9M	-1.9M	2.16	84.86	N/A	N/A	19	41	12,913	2,340
2025-12-18	$1020.16	$940.00	17.7%	5.1%	20.8%	7.5%	18.4%	1.9%	3.4%	40.2M	-784.9M	-1.9M	1.69	91.52	N/A	N/A	16	27	12,926	2,373
2025-12-19	$1018.78	$940.00	16.6%	4.8%	20.9%	4.3%	16.3%	1.9%	4.2%	43.4M	-782.3M	-1.9M	0.99	87.77	N/A	N/A	149	147	12,927	2,377
2025-12-22	$1032.14	$940.00	17.0%	4.9%	20.4%	5.4%	17.9%	2.3%	3.9%	27.5M	-670.5M	-1.8M	0.48	85.61	N/A	N/A	157	75	9,807	1,386
2025-12-23	$1024.72	$940.00	16.8%	4.8%	19.7%	4.9%	17.7%	1.5%	3.9%	29.3M	-642.7M	-1.8M	0.48	85.67	N/A	N/A	99	48	9,899	1,432
2025-12-24	$1030.97	$940.00	15.8%	4.5%	19.7%	2.2%	17.0%	2.5%	5.3%	28.5M	-664.6M	-1.8M	0.56	88.25	N/A	N/A	9	5	9,940	1,476
2025-12-26	$1024.60	$940.00	16.9%	4.8%	20.1%	5.2%	17.5%	2.3%	4.4%	29.3M	-638.0M	-1.8M	0.95	90.93	N/A	N/A	56	53	9,943	1,475
2025-12-29	$1026.20	$940.00	16.3%	4.7%	20.0%	3.6%	18.9%	2.5%	5.3%	29.8M	-646.4M	-1.8M	0.04	92.24	N/A	N/A	919	39	9,971	1,514
2025-12-30	$1022.29	$940.00	17.0%	4.9%	20.2%	5.7%	10.4%	3.8%	5.4%	28.4M	-578.0M	-1.8M	0.04	92.39	N/A	N/A	1,326	56	9,460	1,535
2025-12-31	$1012.62	$940.00	16.4%	4.7%	20.2%	3.7%	17.4%	0.1%	4.5%	29.5M	-511.8M	-1.8M	0.03	92.31	N/A	N/A	545	14	9,478	1,588