ITW Gamma Exposure, IV Rank & Implied Volatility
Illinois Tool Works (ITW) options data — GEX, IV rank, options chain & Greeks
ITW options trade with implied volatility typically in the 15% - 35% range, averaging N/A in daily volume with very good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
An IV rank near 78.1 (the value shown here is illustrative) would mean implied volatility is in roughly the 78.1th percentile of its 1-year range — elevated, premium-selling regime for credit spreads, iron condors, and short strangles. For today's live ITW IV rank from ORATS, open the dashboard.
Chart shows simulated data for display purposes. View the real ITW IV history on the live platform →
Comprehensive options market data for Illinois Tool Works (ITW).
ITW Options at a Glance
What's Covered in This Guide
1 About Illinois Tool Works (ITW)
Illinois Tool Works (ITW) is a diversified industrials company listed on NYSE.
Company Profile
Key Dates
Illinois Tool Works is a Diversified Industrials) company in the Industrials sector.
2 ITW Options Market Overview
ITW options provide trading opportunities for options traders.
Liquidity Assessment: Very Good
ITW options provide trading opportunities across multiple expirations.
3 ITW Implied Volatility & IV Rank
ITW implied volatility patterns reflect the diversified industrials sector dynamics.
Earnings Impact
IV typically expands before earnings and contracts after the announcement.
The post-earnings volatility drop is known as IV crush. Holders of short ITW options should also understand early assignment risk around dividends and expiration.
Historical Volatility vs IV
ITW IV generally trades near historical volatility, with premiums expanding around earnings.
Term Structure
Typically upward sloping under normal conditions.
ITW Gamma Exposure (GEX)
Gamma Exposure analysis for ITW reveals dealer hedging dynamics at key strike levels.
Typical GEX Profile: ITW tends to operate in a positive gamma environment during normal conditions.
Key Levels:
Dealer Hedging:
4 Common ITW Options Strategies
These are strategies commonly used by traders on ITW options, based on typical market characteristics. This is not investment advice.
Popular for ITW shareholders seeking additional income.
Defined-risk directional exposure on ITW.
Range-bound strategy for ITW between events.
Key Considerations for ITW Options
- Monitor ITW earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing options positions
- ITW options liquidity varies by expiration - prefer near-term and monthly expirations
Frequently Asked Questions: ITW Options
What is ITW's typical implied volatility?
ITW implied volatility typically ranges from 15% - 35%. IV patterns are influenced by earnings, sector events, and market conditions.
Does ITW have weekly options?
Yes, ITW offers weekly options expirations.
What is ITW's options trading profile?
ITW (Illinois Tool Works) options trade with very good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 15% - 35% range. The position sits in the Industrials category for portfolio diversification and options strategy design.
How does ITW implied volatility behave around earnings?
IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.
What options strategies work well on ITW?
Popular strategies on ITW options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 15% - 35% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.
What is ITW's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence ITW's intraday price action. ITW tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live ITW GEX levels and the gamma-flip point on ApexVol.
What is ITW's IV rank?
ITW's IV rank shows where ITW's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. ITW implied volatility typically ranges from 15% - 35%. Check ITW's live IV rank and percentile on ApexVol's IV analytics.
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