GWWW.W. Grainger, Inc.
Options Analysis Report•WHOLESALE-DURABLE GOODS
Market Cap $55.0B|NYSE
● 2026-04-17$1162.94
BULLISH
Analysis: 2026-04-16 EOD data
1Y +18.8%YTD +15.9%7D -0.8%
Options Vol
176
30D
Implied Move
±8.4%
IV Rank
9%
GWW Options Overview
IV is low with bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
8.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 10.0% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.21x — IV premium over HV
Sector Relative≤50%
Sector percentile 4% — below sector median
Term Structure
<1.1xFront/Back 1.21x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 26.0% — normal range
Spread-Adjusted Value
<80%Effective IV 35.6% (ATM 26.0% + spread 4.8% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 12.76% (spread 4.81% + slippage 7.95%) — high friction
Vega Efficiency
≥5.0Vega efficiency 858.56 (vega 412.968 / spread 4.81%) — efficient
Sentiment
Bullish or bearish?
5.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -40%, Raw: -38%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -40% (strong bearish) — Raw: -38%
OI Skew Magnitude
≥15%|OI skew| 57.2% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +64.8%, OI skew +57.2% — aligned
Conviction Quality
≥2/3 conditions0-DTE 47%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -24%, ATM: -18%, OTM: -80% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 17% — very bullish vs sector
Activity
Unusual activity?
2.6
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.3x avg — normal
Turnover Rate
≥15%Vol/OI 0.9% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +1.3% (5d) — stable
Sector Relative≥60%
Sector activity percentile 8% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 44% — patient
Flow Conviction
≥30Conviction -40 (bearish) — moderate
Liquidity
Can I trade efficiently?
5.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 4.8% — acceptable
Adequate OI
≥10,000OI 20,305 — adequate
Active Volume
≥500Volume 176/day — thin
Reasonable Cost
≤$0.50$0.24 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 8% — much tighter than sector
Order Book Depth
≥100 contractsDepth 22.3 contracts (bid:15.3 ask:7.0) — thin
Execution Quality
<1.0%Avg slippage 7.95% — poor
Timing
Is now a good time?
7.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +20.7% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 10% — buyer opportunity
Event Detection
≥10pts kinkIV kink 4.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 2044.40 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 20d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -40% @ 70% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.9
bullishIV cheap, mixed flow
Long Puts6.4
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.5
bullishIV too cheap, mixed flow
Covered Call4.4
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.