IWC Options History — August 2017

In August 2017, IWC traded between $83.94 and $88.27. ATM implied volatility averaged 14.0%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 2.3% (HV 20d: 11.6%). Max pain ranged from $81.00 to $88.00. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 1.52.

Notable Days

  • 2017-08-15: Highest Volume — 345 contracts
  • 2017-08-17: Largest IV spike — 13.2% change
  • 2017-08-11: Highest IV Rank — 38.8%
  • 2017-08-11: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.92$83.94$88.27$88.27$87.48
Max Pain$85.96$81.00$88.00$81.00$83.00
ATM IV14.0%11.8%16.7%11.8%12.5%
Expected Move4.1%3.4%4.8%3.4%3.6%
HV 20d11.6%9.3%13.0%10.7%12.8%
HV 60d12.1%11.6%12.7%11.7%11.7%
IV Rank23.6%11.3%38.8%11.3%15.1%
IV Percentile22.0%0.8%63.5%0.8%3.2%
Term Structure1.5%0.6%2.5%1.8%2.0%
VWIV15.4%11.6%19.9%11.6%14.6%
Skew 25d4.0%2.9%5.7%3.8%3.8%
Skew 10d9.3%4.2%12.2%7.7%9.2%
Call IV 25d12.5%10.1%14.4%10.1%10.6%
Put IV 25d16.5%13.9%20.1%13.9%14.4%
Bid-Ask Spread %49.9226.2697.7228.8389.98
Gamma HHI0.140.090.380.130.10
Net GEX-21.8K-106.1K26.7K26.7K-17.1K
Net DEX589.5K-142.3K905.3K-142.3K454.9K
Net VEX-2.8K-3.7K-2.1K-2.9K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.520.691.980.731.96
Total Volume311.261243345247308
Total OI409.13315461315412

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-08-01$88.27$81.0011.8%3.4%10.7%11.3%11.6%3.8%1.8%26.7K-142.3K-2.9K0.7328.83N/AN/A143104170145
2017-08-02$87.28$87.0013.2%3.8%11.2%19.4%12.7%3.9%0.9%13.7K18.9K-2.8K0.6929.14N/AN/A14499175155
2017-08-03$86.71$88.0012.5%4.0%9.9%15.2%16.4%4.5%1.7%6.0K115.8K-2.7K1.2828.79N/AN/A135173178160
2017-08-04$87.29$88.0011.8%3.9%9.4%11.5%15.5%3.6%2.0%-18.2K500.1K-3.7K1.2826.44N/AN/A135173178234
2017-08-07$87.32$88.0012.3%3.9%9.3%14.5%14.9%3.9%2.2%-21.5K499.4K-3.6K1.3626.26N/AN/A135183177234
2017-08-08$87.07$88.0013.4%4.1%9.4%20.3%15.2%3.9%1.3%-26.4K552.5K-3.4K1.2834.18N/AN/A143183177244
2017-08-09$86.21$88.0015.1%4.3%9.3%29.8%17.0%4.6%1.4%-24.4K684.5K-3.4K1.2043.72N/AN/A143172186244
2017-08-10$84.79$88.0016.6%4.8%10.7%38.8%17.9%4.8%0.9%-24.7K867.4K-3.0K1.2039.98N/AN/A143172186245
2017-08-11$84.70$88.0016.7%4.8%10.3%38.8%19.9%5.7%0.6%-24.2K881.4K-3.0K1.4233.31N/AN/A142202186245
2017-08-14$86.19$88.0014.8%4.3%12.6%28.5%19.0%4.9%1.5%-31.2K718.8K-3.1K1.4230.65N/AN/A142202187274
2017-08-15$85.66$88.0013.7%3.9%12.7%22.2%15.8%3.6%2.5%-31.2K715.3K-2.8K1.4327.12N/AN/A142203187269
2017-08-16$85.28$88.0014.2%4.1%12.4%24.9%16.4%4.0%2.0%-35.1K784.7K-2.6K1.4326.44N/AN/A142203186270
2017-08-17$84.22$88.0016.1%4.6%12.8%35.5%17.4%5.0%0.9%-51.3K905.3K-2.4K1.4327.28N/AN/A142203185270
2017-08-18$84.16$88.0015.7%4.5%12.8%33.5%16.3%4.5%1.3%-106.1K817.1K-2.3K1.4329.63N/AN/A142203185260
2017-08-21$83.94$88.0016.1%4.6%12.6%35.6%17.0%4.2%0.6%-19.7K894.3K-2.1K1.9828.66N/AN/A93184145239
2017-08-22$84.73$84.0014.2%4.1%12.7%24.9%16.1%3.2%1.1%-19.1K739.6K-2.4K1.8727.06N/AN/A104194145235
2017-08-23$84.89$83.0013.6%3.9%12.7%21.8%15.0%3.6%1.6%-15.7K656.4K-2.6K1.8795.69N/AN/A104194156246
2017-08-24$85.30$83.0014.3%4.1%12.5%25.5%12.8%3.3%1.1%-14.8K642.6K-2.5K1.8795.42N/AN/A104194156246
2017-08-25$85.65$83.0013.0%3.7%12.6%18.1%12.9%3.6%2.0%-15.2K602.2K-2.6K1.9690.30N/AN/A104204156246
2017-08-28$86.04$83.0013.4%3.8%12.8%20.3%12.4%3.1%2.0%-18.7K602.1K-2.6K1.9696.23N/AN/A104204156256
2017-08-29$86.40$83.0013.8%4.0%13.0%22.8%14.1%4.3%1.0%-18.1K535.3K-2.5K1.9697.72N/AN/A104204156256
2017-08-30$86.56$83.0012.6%3.6%12.4%15.8%13.7%2.9%1.9%-15.4K511.7K-2.5K1.9695.35N/AN/A104204156256
2017-08-31$87.48$83.0012.5%3.6%12.8%15.1%14.6%3.8%2.0%-17.1K454.9K-2.5K1.9689.98N/AN/A104204156256