IWC Options History — April 2018

In April 2018, IWC traded between $94.17 and $100.27. ATM implied volatility averaged 17.1%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 3.4% (HV 20d: 20.5%). Max pain ranged from $93.00 to $93.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 3.56.

Notable Days

  • 2018-04-25: Highest Volume — 533 contracts
  • 2018-04-19: Largest IV spike — 16.0% change
  • 2018-04-02: Highest IV Rank — 48.9%
  • 2018-04-02: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$97.62$94.17$100.27$94.17$97.81
Max Pain$93.00$93.00$93.00$93.00$93.00
ATM IV17.1%13.3%23.2%23.2%13.3%
Expected Move4.8%3.8%6.6%6.6%3.8%
HV 20d20.5%15.9%22.8%19.8%15.9%
HV 60d19.2%18.4%19.5%18.4%19.4%
IV Rank26.0%11.8%48.9%48.9%11.8%
IV Percentile76.7%31.3%98.4%98.4%31.3%
Term Structure0.3%-0.9%2.2%-0.9%0.6%
VWIV15.8%13.5%19.3%18.8%13.5%
Skew 25d4.4%1.0%8.1%6.6%3.1%
Skew 10d10.7%4.8%18.5%8.7%7.2%
Call IV 25d15.1%12.5%20.4%20.4%12.8%
Put IV 25d19.5%15.9%27.0%27.0%16.0%
Bid-Ask Spread %83.5250.5397.9069.6352.55
Gamma HHI0.180.150.220.210.17
Net GEX-18.0K-42.2K13.9K-41.0K-28.6K
Net DEX-169.4K-731.5K634.5K634.5K-293.9K
Net VEX-6.7K-7.5K-5.8K-7.0K-7.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.563.104.634.013.52
Total Volume449.095406533406533
Total OI554.19500675500675

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$94.17$0.0023.2%6.6%19.8%48.9%0.0%6.6%-0.9%-41.0K634.5K-7.0K4.0169.63N/AN/A81325197303
2018-04-03$94.94$0.0019.6%5.6%19.7%35.3%0.0%6.2%-0.9%-42.2K469.5K-7.0K3.7861.86N/AN/A86325197303
2018-04-04$96.34$0.0019.2%5.5%20.2%34.0%0.0%5.0%-0.2%-34.7K180.7K-7.2K3.7857.99N/AN/A86325202303
2018-04-05$96.85$93.0018.1%5.0%20.0%29.6%18.8%7.0%0.9%-33.4K99.0K-7.1K3.7880.08N/AN/A86325202303
2018-04-06$94.98$93.0020.7%5.5%21.0%39.5%19.3%3.2%0.8%-40.4K406.4K-7.0K3.7879.43N/AN/A86325202303
2018-04-09$95.50$93.0021.1%5.5%20.1%41.1%17.5%6.4%-0.9%-40.2K370.8K-6.6K3.1350.53N/AN/A104325202303
2018-04-10$97.45$93.0020.3%5.4%21.5%38.1%16.2%8.1%-0.9%-23.4K-6.8K-6.8K3.1381.76N/AN/A104325223303
2018-04-11$97.37$93.0018.1%5.2%21.5%29.7%16.5%5.5%0.6%-16.3K-108.4K-6.7K3.1392.35N/AN/A104325223303
2018-04-12$98.58$93.0015.5%4.4%21.9%20.1%15.3%5.1%1.8%-13.1K-283.3K-6.6K3.1390.88N/AN/A104325223303
2018-04-13$97.49$93.0016.4%4.7%22.1%23.5%15.2%4.4%-0.7%-11.7K-204.2K-6.5K3.1088.07N/AN/A105325223303
2018-04-16$98.57$93.0015.7%4.5%22.2%20.7%13.9%2.5%0.5%-9.8K-318.0K-6.4K3.1093.96N/AN/A105325224303
2018-04-17$99.90$93.0013.3%3.8%22.6%11.8%14.7%5.3%1.1%5.4K-562.0K-6.0K3.2293.09N/AN/A101325224303
2018-04-18$100.27$93.0013.8%3.9%22.6%13.6%14.6%4.3%2.2%6.6K-731.5K-5.8K3.5795.80N/AN/A91325225303
2018-04-19$99.29$93.0016.0%4.6%22.8%21.8%15.6%2.2%0.3%13.9K-649.5K-6.0K3.5797.55N/AN/A91325240303
2018-04-20$98.87$93.0015.2%4.3%21.5%18.7%15.6%2.8%0.9%11.7K-566.7K-6.1K4.6393.94N/AN/A81375240303
2018-04-23$98.58$93.0015.8%4.5%20.3%21.1%15.7%2.4%0.2%-13.8K-407.4K-6.0K4.6395.47N/AN/A81375240353
2018-04-24$97.99$93.0017.3%5.0%19.9%26.9%15.5%1.0%-0.1%-19.0K-132.9K-6.4K3.2695.64N/AN/A118385240353
2018-04-25$98.08$93.0017.0%4.9%18.6%25.8%16.0%4.1%-0.2%-19.2K-416.6K-7.3K3.5292.31N/AN/A118415277363
2018-04-26$98.76$93.0014.5%4.2%18.3%16.3%15.8%4.7%0.2%-15.3K-549.0K-7.4K3.5293.06N/AN/A118415277393
2018-04-27$98.21$93.0015.0%4.3%17.9%18.0%15.6%2.2%0.9%-13.3K-488.1K-7.5K3.5297.90N/AN/A118415282393
2018-04-30$97.81$93.0013.3%3.8%15.9%11.8%13.5%3.1%0.6%-28.6K-293.9K-7.2K3.5252.55N/AN/A118415282393