IWC Options History — April 2015

In April 2015, IWC traded between $77.42 and $81.45. ATM implied volatility averaged 16.3%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 2.6% (HV 20d: 13.6%). Max pain ranged from $79.00 to $80.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.22.

Notable Days

  • 2015-04-17: Highest Volume — 1,202 contracts
  • 2015-04-30: Largest IV spike — 15.2% change
  • 2015-04-30: Highest IV Rank — 38.6%
  • 2015-04-30: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$80.19$77.42$81.45$79.19$77.42
Max Pain$79.57$79.00$80.00$80.00$80.00
ATM IV16.3%14.7%20.2%17.5%20.2%
Expected Move4.7%4.2%5.8%5.0%5.8%
HV 20d13.6%8.5%16.3%16.3%13.9%
HV 60d14.7%12.7%17.0%17.0%13.7%
IV Rank17.4%9.2%38.6%24.1%38.6%
IV Percentile18.2%2.8%76.6%31.7%76.6%
Term Structure1.3%-0.2%2.3%-0.2%0.4%
VWIV17.8%16.5%20.4%16.5%20.4%
Skew 25d5.1%4.3%5.9%4.3%4.8%
Skew 10d10.9%6.8%14.7%12.3%7.0%
Call IV 25d14.2%12.7%17.9%15.0%17.9%
Put IV 25d19.3%17.6%22.6%19.3%22.6%
Bid-Ask Spread %76.9161.0190.7590.7577.42
Gamma HHI0.470.280.660.480.32
Net GEX-242.1K-649.0K200.1K-202.8K-36.4K
Net DEX-2.9M-5.1M-42.4K-1.4M-42.4K
Net VEX-13.1K-15.3K-10.2K-15.1K-12.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.112.991.662.20
Total Volume611.333311,202659970
Total OI1,663.7621,5661,7941,5931,734

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$79.19$80.0017.5%5.0%16.3%24.1%16.5%4.3%-0.2%-202.8K-1.4M-15.1K1.6690.75N/AN/A248411908685
2015-04-02$79.53$80.0015.9%5.0%16.3%15.6%19.5%5.9%1.3%-245.4K-1.8M-15.3K1.6761.01N/AN/A248415909685
2015-04-06$79.61$80.0016.3%5.0%15.7%17.4%19.1%5.8%1.2%-305.2K-1.9M-14.5K1.6464.22N/AN/A253415909689
2015-04-07$79.49$79.0016.7%5.1%15.7%19.5%18.5%5.9%0.2%-378.1K-2.0M-14.1K1.6664.37N/AN/A253420910689
2015-04-08$80.16$79.0016.6%4.8%15.0%19.4%16.6%5.9%1.2%-444.5K-2.0M-13.6K0.1172.59N/AN/A283861705
2015-04-09$79.86$79.0016.5%4.7%15.0%18.7%17.3%5.6%1.8%-498.6K-2.0M-13.6K1.5570.50N/AN/A271420935705
2015-04-10$80.15$79.0015.9%4.6%14.0%15.4%17.1%5.0%1.8%-499.8K-2.7M-13.2K1.5672.22N/AN/A271423935705
2015-04-13$80.56$79.0015.5%4.4%14.1%13.2%17.8%5.8%1.3%-649.0K-3.6M-12.2K1.5671.23N/AN/A271423935708
2015-04-14$80.61$79.0016.1%4.6%14.1%16.4%18.1%5.1%1.4%-567.7K-3.4M-12.0K1.3873.80N/AN/A289398935708
2015-04-15$81.27$79.0015.7%4.5%14.3%14.5%16.9%5.3%1.4%-335.2K-4.4M-10.8K1.3277.72N/AN/A300396942718
2015-04-16$81.31$79.0015.0%4.3%14.2%10.7%18.8%4.5%1.6%-366.5K-5.1M-10.2K1.6877.75N/AN/A299502955719
2015-04-17$80.26$79.0016.3%4.7%14.8%17.6%17.0%4.3%2.3%200.1K-4.5M-10.9K2.9979.55N/AN/A301901966828
2015-04-20$80.73$80.0015.5%4.4%14.9%13.2%19.7%5.3%1.4%-72.2K-3.3M-13.7K0.8477.95N/AN/A280236941721
2015-04-21$80.89$80.0015.7%4.5%14.9%14.2%17.1%5.5%1.5%-67.3K-3.5M-13.5K0.5380.14N/AN/A282149941724
2015-04-22$80.98$80.0015.4%4.4%14.8%12.8%17.1%4.9%1.5%-73.2K-3.5M-13.3K0.5380.34N/AN/A282149943734
2015-04-23$81.45$80.0015.2%4.4%8.5%12.0%17.3%4.9%1.8%-65.0K-4.0M-12.5K0.5586.04N/AN/A295162943734
2015-04-24$81.08$80.0014.7%4.2%8.7%9.2%17.2%4.9%2.1%-69.2K-3.9M-13.1K0.5583.72N/AN/A297162965749
2015-04-27$79.80$80.0016.5%4.7%10.7%18.8%17.5%4.5%1.1%-121.7K-2.6M-13.4K0.5583.15N/AN/A297162967749
2015-04-28$80.09$80.0016.6%4.8%9.9%19.4%17.5%4.8%1.4%-144.2K-2.9M-13.4K0.5785.20N/AN/A305173967749
2015-04-29$79.47$80.0017.5%5.0%10.3%24.3%17.6%5.0%1.0%-143.2K-2.3M-13.5K0.5785.37N/AN/A305173975759
2015-04-30$77.42$80.0020.2%5.8%13.9%38.6%20.4%4.8%0.4%-36.4K-42.4K-12.5K2.2077.42N/AN/A303667975759