Option Greeks measure how Illinois Tool Works Inc (ITW) option prices respond to changes in the stock price (delta and gamma), the passage of time (theta), implied volatility (vega), and interest rates (rho). These charts plot each Greek by strike, so you can see where an expiration's price risk, time decay, and volatility exposure are concentrated. ITW implied volatility is near the bottom of its one-year range, which keeps delta and gamma in a narrower range of strikes than usual.
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ITW Option Greeks FAQ
What are option Greeks?
Option Greeks measure how an option's price responds to changes in the stock price (delta and gamma), time (theta), implied volatility (vega), and interest rates (rho).
How do I read the ITW Greeks charts?
Gamma, theta, and vega are largest for strikes near the Illinois Tool Works stock price and shrink for strikes far above or below it. Theta grows as expiration gets closer, while vega is larger for expirations further out. Call delta runs from 0 to 1 and put delta from -1 to 0, near 0.50 and -0.50 at the money, and roughly estimates the chance that an option finishes in the money.
How does implied volatility affect ITW's Greeks?
Illinois Tool Works IV rank is 5, so implied volatility is near the bottom of its one-year range. Higher implied volatility raises option premiums and daily time decay (theta), and spreads delta and gamma across a wider range of strikes. Over the past year, 30-day implied volatility ranged from 15.0% to 159.4%. See the ITW implied volatility history for a longer view.
How much gamma and delta do ITW options carry in total?
Across all open Illinois Tool Works options on Nov 4, 2026, net gamma exposure was $8.05M and net delta exposure was $130.93M per 1% move in the stock. The ITW gamma exposure chart shows where that gamma sits by strike.
What is Illinois Tool Works Inc?
Founded in 1912, Illinois Tool Works has become a diversified industrial manufacturer through acquisitions and innovations that follow customer needs.