IWC Options History — May 2017

In May 2017, IWC traded between $84.42 and $87.21. ATM implied volatility averaged 15.0%, placing in the 29.7% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 2.7% (HV 20d: 12.3%). Max pain ranged from $83.00 to $96.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.34.

Notable Days

  • 2017-05-31: Highest Volume — 236 contracts
  • 2017-05-17: Largest IV spike — 15.9% change
  • 2017-05-17: Highest IV Rank — 41.3%
  • 2017-05-17: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.73$84.42$87.21$87.21$84.46
Max Pain$84.45$83.00$96.00$83.00$84.00
ATM IV15.0%13.2%17.1%14.7%16.7%
Expected Move4.4%4.1%4.9%4.2%4.8%
HV 20d12.3%10.2%14.3%14.1%10.2%
HV 60d13.6%13.0%14.3%13.8%13.0%
IV Rank29.7%19.0%41.3%27.7%38.9%
IV Percentile22.7%2.4%63.5%12.3%57.9%
Term Structure0.9%-0.6%1.9%0.2%-0.6%
VWIV16.6%12.9%20.4%15.9%15.3%
Skew 25d2.8%0.2%6.6%4.1%0.2%
Skew 10d6.4%-2.4%12.6%7.8%-2.4%
Call IV 25d13.9%12.4%15.9%13.1%15.9%
Put IV 25d16.7%14.4%19.8%17.2%16.1%
Bid-Ask Spread %92.8454.55103.0083.4193.88
Gamma HHI0.510.440.620.450.53
Net GEX-92.3K-131.1K-64.1K-64.1K-131.1K
Net DEX229.4K40.6K510.3K40.6K326.7K
Net VEX-3.1K-3.7K-2.6K-3.4K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.931.481.130.93
Total Volume219.727187236187236
Total OI363.727335383335383

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-05-01$87.21$83.0014.7%4.2%14.1%27.7%15.9%4.1%0.2%-64.1K40.6K-3.4K1.1383.41N/AN/A889991244
2017-05-02$86.49$83.0014.4%4.1%13.6%26.1%16.3%1.9%1.0%-71.2K98.3K-3.4K1.4654.55N/AN/A9013191244
2017-05-03$86.20$96.0015.2%4.4%13.4%30.5%15.3%2.4%-0.1%-80.7K257.4K-3.7K1.4684.67N/AN/A9013193275
2017-05-04$85.82$84.0014.9%4.3%12.8%28.7%19.6%2.8%1.3%-80.7K289.4K-3.6K1.4695.18N/AN/A9013193275
2017-05-05$86.23$84.0013.9%4.3%12.8%23.1%17.2%2.1%1.7%-85.9K225.4K-3.4K1.4690.91N/AN/A9013193275
2017-05-08$86.16$84.0013.2%4.2%12.7%19.0%18.4%3.2%0.5%-75.4K208.6K-3.4K1.4694.61N/AN/A9013193275
2017-05-09$86.38$84.0014.7%4.4%12.7%27.9%18.1%2.8%0.5%-74.7K166.8K-3.3K1.4691.44N/AN/A9013193275
2017-05-10$86.89$84.0014.3%4.1%12.7%25.3%16.9%2.9%1.6%-74.7K105.4K-3.1K1.4888.23N/AN/A9013393275
2017-05-11$86.52$84.0014.3%4.1%11.9%25.7%17.7%3.0%1.5%-80.8K184.8K-3.3K1.4895.70N/AN/A9013393276
2017-05-12$86.08$84.0014.9%4.3%11.6%28.9%17.8%3.4%1.0%-79.7K234.1K-3.3K1.4896.32N/AN/A9013393276
2017-05-15$86.37$84.0016.0%4.6%11.6%35.1%18.8%3.3%0.8%-73.0K183.9K-3.1K1.4890.04N/AN/A9013393276
2017-05-16$86.42$84.0014.8%4.2%11.2%28.1%17.6%1.9%1.9%-84.6K160.5K-3.0K1.4894.71N/AN/A9013393276
2017-05-17$84.42$84.0017.1%4.9%14.3%41.3%14.7%2.6%0.5%-97.6K442.8K-3.2K1.4797.29N/AN/A9013293276
2017-05-18$84.58$84.0016.5%4.7%13.6%37.7%20.4%4.8%0.7%-101.3K510.3K-3.2K1.4788.31N/AN/A9013293276
2017-05-19$84.65$84.0015.9%4.6%13.6%34.6%19.7%6.6%1.5%-107.0K459.6K-3.1K1.4798.19N/AN/A9013293276
2017-05-22$85.14$84.0014.6%4.2%12.9%27.1%15.3%4.1%0.3%-127.3K278.9K-2.8K1.31103.00N/AN/A8711490259
2017-05-23$85.35$84.0015.4%4.4%12.2%31.7%14.4%2.4%0.5%-113.5K213.7K-2.7K1.3199.63N/AN/A8711490259
2017-05-24$85.33$84.0014.9%4.3%11.3%29.2%14.3%1.7%0.5%-110.6K183.3K-2.7K1.31101.62N/AN/A8711490259
2017-05-25$85.40$84.0014.3%4.1%11.1%25.4%12.9%0.8%1.8%-111.9K145.2K-2.6K0.96101.41N/AN/A11911490259
2017-05-26$85.31$84.0014.6%4.2%10.5%27.4%13.6%2.0%1.5%-97.3K119.6K-2.9K0.9699.58N/AN/A119114122259
2017-05-30$84.65$84.0015.7%4.5%10.5%33.7%15.4%3.3%0.2%-107.1K210.9K-2.8K0.9499.91N/AN/A121114122259
2017-05-31$84.46$84.0016.7%4.8%10.2%38.9%15.3%0.2%-0.6%-131.1K326.7K-2.7K0.9393.88N/AN/A122114124259