IWC Options History — February 2018

In February 2018, IWC traded between $92.01 and $97.68. ATM implied volatility averaged 19.6%, placing in the 40.6% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 1.2% (HV 20d: 18.4%). Max pain ranged from $91.00 to $93.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 1.41.

Notable Days

  • 2018-02-16: Highest Volume — 1,053 contracts
  • 2018-02-05: Largest IV spike — 86.4% change
  • 2018-02-05: Highest IV Rank — 100.0%
  • 2018-02-08: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.11$92.01$97.68$97.67$94.74
Max Pain$92.68$91.00$93.00$91.00$93.00
ATM IV19.6%13.5%36.8%15.9%18.0%
Expected Move5.3%3.9%7.6%4.5%5.2%
HV 20d18.4%12.0%21.5%12.0%21.5%
HV 60d14.3%12.0%15.5%12.0%15.5%
IV Rank40.6%12.4%100.0%58.1%29.5%
IV Percentile88.0%33.3%100.0%79.0%93.7%
Term Structure0.0%-3.9%1.5%1.0%-1.3%
VWIV19.7%16.0%26.3%16.5%18.2%
Skew 25d6.4%4.0%13.1%5.3%5.0%
Skew 10d13.1%4.7%31.2%9.2%9.1%
Call IV 25d16.1%12.8%29.8%13.2%16.1%
Put IV 25d22.5%18.2%34.4%18.5%21.0%
Bid-Ask Spread %85.5049.80127.5349.8094.17
Gamma HHI0.190.140.430.210.16
Net GEX-15.9K-160.3K73.6K3.6K32.6K
Net DEX-288.8K-1.4M920.1K-1.3M-638.9K
Net VEX-7.2K-10.5K-4.3K-6.6K-9.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.411.231.791.251.53
Total Volume674.5266221,053647622
Total OI856.211821907845821

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-02-01$97.67$91.0015.9%4.5%12.0%58.1%16.5%5.3%1.0%3.6K-1.3M-6.6K1.2549.80N/AN/A287360425420
2018-02-02$95.93$91.0019.7%5.0%13.6%97.8%17.3%5.3%0.6%-12.0K-823.4K-6.3K1.2384.79N/AN/A292360425422
2018-02-05$93.11$91.0036.8%6.7%17.0%100.0%26.3%4.6%-0.1%11.4K-172.7K-7.4K1.42127.53N/AN/A292414430422
2018-02-06$93.84$93.0025.6%6.0%17.4%57.8%21.8%6.9%-0.5%-63.0K582.5K-6.4K1.3895.30N/AN/A292402430477
2018-02-07$94.29$93.0018.9%5.4%17.6%33.0%19.3%5.9%0.5%-81.0K305.4K-6.1K1.3081.51N/AN/A292381432457
2018-02-08$92.01$93.0026.6%7.6%19.3%61.7%25.8%10.1%-3.9%-55.7K920.1K-6.3K1.3077.31N/AN/A292380432460
2018-02-09$93.33$93.0024.0%6.9%18.4%51.9%24.2%13.1%-0.9%-101.6K879.0K-5.5K1.2889.62N/AN/A292375432459
2018-02-12$92.91$93.0020.2%5.8%18.4%37.6%20.6%7.2%-1.2%-48.8K740.3K-5.1K1.2883.10N/AN/A292375432459
2018-02-13$93.49$93.0020.0%5.7%18.3%36.9%20.1%7.3%0.3%-29.4K568.2K-4.6K1.2964.45N/AN/A292377432441
2018-02-14$95.00$93.0016.8%4.8%19.0%24.8%19.5%7.3%1.5%-47.4K92.8K-4.5K1.3178.01N/AN/A295386432426
2018-02-15$95.83$93.0016.9%4.8%19.4%25.3%19.1%5.4%1.1%-160.3K-271.9K-4.5K1.3176.26N/AN/A295386442446
2018-02-16$96.48$93.0016.5%4.7%19.0%23.7%18.7%5.2%1.0%73.6K-260.7K-4.3K1.7978.52N/AN/A377676442446
2018-02-20$95.34$93.0017.4%5.0%19.2%27.0%18.1%7.0%0.3%29.6K-676.9K-10.4K1.5378.51N/AN/A246376396425
2018-02-21$96.21$93.0016.1%4.6%19.5%22.4%18.0%4.0%0.8%25.7K-1.0M-10.4K1.5395.17N/AN/A246376396425
2018-02-22$95.78$93.0018.1%5.2%19.5%29.6%19.5%6.0%-1.1%22.4K-800.4K-10.5K1.5388.62N/AN/A246376396425
2018-02-23$96.86$93.0014.7%4.2%20.0%16.9%16.0%5.4%0.7%31.8K-1.0M-9.7K1.5392.42N/AN/A246376396425
2018-02-26$97.68$93.0013.5%3.9%20.3%12.4%17.1%5.3%1.2%31.5K-1.4M-9.6K1.5394.65N/AN/A246376396425
2018-02-27$96.63$93.0016.7%4.8%20.5%24.5%17.1%5.1%0.3%35.4K-1.1M-9.4K1.5394.79N/AN/A246376396425
2018-02-28$94.74$93.0018.0%5.2%21.5%29.5%18.2%5.0%-1.3%32.6K-638.9K-9.5K1.5394.17N/AN/A246376396425