Industrials

W.W. Grainger Inc (GWW) options and signal

Figures as of 28 Sep 2026

GWW is W.W. Grainger Inc, an Industrials name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	72 of 100	28 Sep
At the money IV	27.2%	28 Sep
Priced move to 16 Oct	7.0% down, 6.5% up	28 Sep
Call wall and put wall	1,300 and 1,280	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	1,255.69	28 Sep
Next report	4 Nov 2026	28 Sep

Options Snapshot

GWW's IV rank is 72 of 100 on 28 Sep 2026.

Figure	Value
IV rank	72 of 100
At the money IV	27.2%, near month, 18 days
Put/call ratio, open interest	0.52
Call open interest, strikes captured near the price	6,800 contracts
Put open interest, strikes captured near the price	3,530 contracts
Cost to trade at the money	Fair, 22.6% of the option's mid price

IV rank is where the at the money IV sits among GWW's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, GWW options priced a move of 7.0 percent down and 6.5 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	7.0%	6.5%	1,168.09 to 1,337.89
20 Nov 2026	53	11.1%	11.1%	1,116.69 to 1,394.69
18 Dec 2026	81	12.8%	13.1%	1,094.69 to 1,420.69
15 Jan 2027	109	11.9%	24.1%	1,106.69 to 1,558.69
19 Mar 2027	172	16.8%	28.4%	1,044.69 to 1,612.69
16 Apr 2027	200	18.8%	19.4%	1,019.69 to 1,498.69

The range is one standard deviation either side of the close of 1,255.69, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, GWW's call wall is the 1,300 strike and its put wall is the 1,280 strike.

Figure	Value
Call wall, most open call gamma	1,300
Put wall, most open put gamma	1,280
Net dollar gamma, calls minus puts	$4.01 million
Total dollar gamma, both sides	$30.06 million
Close	1,255.69

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 11 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, GWW's at the money IV is 27.2 percent against 20 day realized volatility of 19.8 percent.

Figure	Value
At the money IV	27.2%
Realized volatility, 20 trading days	19.8%
Realized volatility, 60 trading days	22.0%
IV against its own weekly record	In the middle
Weekly readings on record	865, from 8 Jan 2010
Weeks the price moved more than the one week priced move	28.2% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, GWW's at the money IV runs from 27.2 percent at 18 days to 26.2 percent at 200 days.

Days to expiry	At the money IV
18	27.2%
53	28.8%
81	26.7%
109	24.1%
172	26.2%
200	26.2%

Near expiries price more volatility than far ones, an inverted term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 53 day expiry, GWW's IV ten percent below the price sits 3.1 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	31.9%	+3.1 points
At the money	28.8%	0.0 points
10% above the price	26.9%	-1.9 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, GWW's surface spans 6 expiries out to 200 days, with IV from 6.2 to 101.5 percent near the price.

Figure	Value
Expiries captured	6
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	16 Apr 2027, 200 days
Points within 10% of the price, 7 days out or more	82
Lowest IV among them	6.2%
Highest IV among them	101.5%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, GWW has 6 captured expiries, from 16 Oct 2026 to 16 Apr 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	27.2%	1,657	787
20 Nov 2026	53	28.8%	12	150
18 Dec 2026	81	26.7%	3,106	769
15 Jan 2027	109	24.1%	1,080	1,688
19 Mar 2027	172	26.2%	858	128
16 Apr 2027	200	26.2%	84	12

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, GWW's largest open interest sits at the 1,140 strike, with 1,122 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
1,140	752	370	1,122
1,260	273	631	904
1,160	758	120	878
1,280	98	678	776
1,320	497	29	526
1,300	409	53	462

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, GWW's at the money IV moved from 25.5 percent to 27.2 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	25.5%	27.2%	+1.7 points
Open interest, strikes captured near the price	9,940	10,331	+391
Put/call ratio, open interest	0.51	0.52	+0.01

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 2,286 GWW option contracts traded, 1.1 times its own recent average.

Figure	Value
Calls traded	1,357
Puts traded	929
Against its recent average	1.1 times
Busier than	9 of its last 20 trading days
Open interest, whole chain	16,395 contracts
Volume to open interest	0.14
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of GWW's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	1,301.94	$10.47 million	1,360	1,280
21 Sep 2026	1,277.79	$8.66 million	1,300	1,260
28 Sep 2026	1,255.69	$4.01 million	1,300	1,280

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of GWW was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	1,263.57, the swing high of 10 Sep 2026
Level below the close	1,250.60, the swing low of 17 Sep 2026, a close past it runs against the view
The chart	Sits against the view
Strategy family	Cash-secured put (sell a put below the price)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 GWW sat at the 70th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	58 of 100	Neutral
20 trading days	89 of 100	Bullish
45 trading days	70 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026, 1 of 3 timeframes put GWW on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	1 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 GWW had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	70 of 100
24 Sep 2026	None	60 of 100
23 Sep 2026	None	70 of 100
22 Sep 2026	None	60 of 100
21 Sep 2026	None	88 of 100
18 Sep 2026	None	74 of 100
17 Sep 2026	None	95 of 100
16 Sep 2026	None	81 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 51 of 147 Industrials names were bullish and 37 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Industrials	147	51	37	59

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

GWW closed at 1,255.69 on 28 Sep 2026.

Figure	Value
Last close	1,255.69
Change over 5 trading days	-1.7%
Change over 21 trading days	-4.9%
Change over 63 trading days	-7.2%
Change over 252 trading days	+31.9%
52 week high	1,419.91
52 week low	906.52
20 day moving average	1,279.51
50 day moving average	1,310.49
200 day moving average	1,201.67
RSI, 14 days	41

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

GWW reports next on 4 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	4 Nov 2026, before the open
Date	Confirmed by the company
Move after the report of 4 Aug 2026	-5.2%
Move after the report of 29 Jul 2026	-0.2%
Move after the report of 30 Apr 2026	-1.1%
Move after the report of 28 Jan 2026	+1.1%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 52.0 percent of GWW's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	52.0%
Five day average	55.5%
52 week median	63.6%

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 23 Septembers on record, GWW's average change was plus 0.2 percent, and it rose in 47.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+0.2%	-0.5%	47.8%	23
October	+2.5%	+2.8%	60.9%	23
November	+3.3%	+3.2%	65.2%	23

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 1 headline naming GWW in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	1
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is GWW's IV rank?: GWW's IV rank is 72 of 100 on 28 Sep 2026.
What move are GWW options pricing?: On 28 Sep 2026, GWW options priced a move of 7.0 percent down and 6.5 percent up by 16 Oct 2026.
Where are GWW's call wall and put wall?: On 28 Sep 2026, GWW's call wall is the 1,300 strike and its put wall is the 1,280 strike.
What was the desk's latest view of GWW on the Free plan?: On 25 Sep 2026 the desk's view of GWW was bullish, paper trading.
When does GWW report earnings next?: GWW reports next on 4 Nov 2026, a date confirmed by the company.

More Industrials names

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