IWC Options History — October 2014

In October 2014, IWC traded between $66.63 and $73.98. ATM implied volatility averaged 23.7%, placing in the 72.1% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 3.9% (HV 20d: 19.8%). Max pain ranged from $69.00 to $69.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 2.96.

Notable Days

  • 2014-10-08: Highest Volume — 1,604 contracts
  • 2014-10-09: Largest IV spike — 20.3% change
  • 2014-10-09: Highest IV Rank — 100.0%
  • 2014-10-16: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$69.58$66.63$73.98$68.33$73.98
Max Pain$69.00$69.00$69.00$69.00$69.00
ATM IV23.7%18.9%31.7%23.1%18.9%
Expected Move6.7%6.2%7.3%6.9%6.2%
HV 20d19.8%14.2%23.6%14.2%22.3%
HV 60d15.8%14.2%17.1%14.2%17.1%
IV Rank72.1%40.9%100.0%88.4%40.9%
IV Percentile93.9%75.8%100.0%99.6%75.8%
Term Structure0.2%-1.1%1.2%0.3%1.1%
VWIV23.6%21.8%26.5%23.5%23.2%
Skew 25d6.4%4.4%8.3%5.9%4.9%
Skew 10d11.7%8.6%18.2%18.2%9.6%
Call IV 25d19.7%16.9%23.1%19.8%16.9%
Put IV 25d26.1%21.7%31.3%25.8%21.7%
Bid-Ask Spread %19.2311.7538.3717.7111.75
Gamma HHI0.150.130.310.130.17
Net GEX-400.0K-1.3M562.2K-1.1M562.2K
Net DEX-225.3K-15.6M11.6M7.8M-15.6M
Net VEX-112.7K-119.3K-104.7K-114.5K-113.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.960.0934.250.951.22
Total Volume658541,6043161,149
Total OI9,353.2617,57510,49610,0878,288

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$68.33$69.0023.1%6.9%14.2%88.4%23.5%5.9%0.3%-1.1M7.8M-114.5K0.9517.71N/AN/A1621543,8286,259
2014-10-02$69.31$69.0022.0%6.6%15.6%80.8%23.8%5.0%0.9%-915.2K4.3M-119.3K1.6516.40N/AN/A54893,9896,375
2014-10-03$69.94$69.0020.5%6.5%16.1%70.7%23.1%4.4%0.8%-746.1K1.9M-118.9K1.1414.37N/AN/A37424,0296,344
2014-10-06$69.15$69.0022.7%6.5%16.1%85.7%0.0%6.5%0.5%-950.5K4.3M-115.3K0.9816.93N/AN/A44434,0646,345
2014-10-07$67.93$69.0024.4%6.8%16.7%97.3%21.9%6.2%0.0%-1.2M8.4M-112.0K2.1820.15N/AN/A17374,1086,362
2014-10-08$69.06$69.0021.9%6.4%17.6%80.1%22.5%6.2%0.0%-1.0M4.8M-112.7K1.8417.87N/AN/A5641,0404,1116,347
2014-10-09$67.27$69.0026.3%6.8%19.2%100.0%23.7%8.2%-0.1%-1.2M10.0M-109.2K4.6438.37N/AN/A251164,2826,205
2014-10-10$67.09$69.0027.9%6.9%19.1%100.0%23.2%6.9%-0.6%-1.3M10.5M-107.9K1.6421.75N/AN/A5539074,3076,189
2014-10-13$66.63$69.0031.2%7.1%18.9%100.0%24.8%7.4%-0.7%-1.3M11.6M-104.7K4.7126.01N/AN/A693254,3496,119
2014-10-14$67.93$69.0028.3%7.0%20.5%86.3%24.0%7.2%-0.6%-1.1M5.9M-109.0K1.6624.74N/AN/A5048394,4185,971
2014-10-15$68.45$69.0031.7%7.1%20.8%100.0%24.3%8.2%-1.0%-1.0M4.2M-109.6K1.4422.56N/AN/A5578004,4655,841
2014-10-16$69.27$69.0027.1%7.3%21.3%78.8%26.5%8.3%-1.1%-372.6K-1.8M-114.0K1.1119.47N/AN/A73814,6865,684
2014-10-17$68.62$69.0025.6%7.1%21.2%71.8%0.0%8.2%-0.4%-846.3K-301.6K-110.5K34.2517.61N/AN/A41374,7485,694
2014-10-20$69.33$69.0023.7%6.9%21.0%63.2%23.3%7.3%0.4%253.2K-2.6M-108.9K0.0919.13N/AN/A7774,5603,015
2014-10-21$70.00$69.0021.4%6.6%21.1%52.3%23.3%6.1%0.4%308.8K-4.0M-110.7K1.0219.44N/AN/A4784864,6323,020
2014-10-22$69.02$69.0024.1%6.8%21.5%65.1%23.8%6.4%-0.3%264.4K-2.2M-109.3K1.1118.13N/AN/A4835344,6923,072
2014-10-23$70.04$69.0022.0%6.6%21.7%55.1%23.6%6.0%0.4%324.2K-4.7M-114.5K1.1019.42N/AN/A4815274,8073,143
2014-10-24$70.39$69.0022.2%6.8%21.5%56.2%24.0%6.1%0.3%333.6K-5.5M-115.0K0.9617.62N/AN/A5615364,8093,149
2014-10-27$70.33$69.0021.8%6.8%21.5%54.3%21.8%5.9%0.5%351.2K-5.7M-114.9K1.6218.17N/AN/A47764,9283,159
2014-10-28$72.51$69.0018.9%6.2%23.6%40.9%23.4%5.1%0.8%491.8K-11.4M-116.3K0.3014.80N/AN/A64194,9723,233
2014-10-29$72.47$69.0020.1%6.4%22.5%46.4%23.6%4.9%1.2%495.8K-11.6M-116.3K1.1615.04N/AN/A5406285,0053,248
2014-10-30$73.23$69.0019.4%6.3%22.3%43.0%23.5%5.1%1.2%539.0K-13.5M-115.2K1.2214.90N/AN/A5266425,0263,248
2014-10-31$73.98$69.0018.9%6.2%22.3%40.9%23.2%4.9%1.1%562.2K-15.6M-113.7K1.2211.75N/AN/A5176325,0333,255