IWC Options History — May 2018

In May 2018, IWC traded between $97.77 and $104.83. ATM implied volatility averaged 13.1%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 1.5% (HV 20d: 11.6%). Max pain ranged from $93.00 to $101.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 2.42.

Notable Days

  • 2018-05-23: Highest Volume — 856 contracts
  • 2018-05-29: Largest IV spike — 19.3% change
  • 2018-05-03: Highest IV Rank — 18.5%
  • 2018-05-03: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$101.91$97.77$104.83$97.77$104.70
Max Pain$97.91$93.00$101.00$93.00$101.00
ATM IV13.1%11.8%15.1%14.1%12.4%
Expected Move3.8%3.4%4.3%4.0%3.6%
HV 20d11.6%8.9%16.0%15.7%8.9%
HV 60d17.0%15.6%19.0%19.0%15.6%
IV Rank11.0%6.3%18.5%14.8%8.6%
IV Percentile29.5%8.7%67.5%48.4%16.7%
Term Structure1.3%-0.3%2.5%0.4%1.0%
VWIV15.6%13.5%17.7%14.2%15.2%
Skew 25d3.6%2.2%5.5%4.4%3.7%
Skew 10d8.7%5.1%13.8%13.2%6.3%
Call IV 25d11.8%10.7%13.0%12.6%11.4%
Put IV 25d15.4%14.1%17.6%17.0%15.1%
Bid-Ask Spread %57.6425.9297.7357.1554.90
Gamma HHI0.180.140.240.160.22
Net GEX-6.2K-169.5K117.2K-25.3K-140.1K
Net DEX-1.5M-2.5M-275.0K-275.0K-2.0M
Net VEX-6.3K-7.7K-4.5K-7.1K-6.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.421.463.603.601.75
Total Volume672.864543856543845
Total OI756.318665913675913

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$97.77$93.0014.1%4.0%15.7%14.8%14.2%4.4%0.4%-25.3K-275.0K-7.1K3.6057.15N/AN/A118425282393
2018-05-02$99.09$93.0014.8%4.2%15.6%17.4%14.9%3.6%-0.3%5.1K-710.5K-7.0K3.0890.15N/AN/A138425282403
2018-05-03$98.16$97.0015.1%4.3%16.0%18.5%16.9%4.5%1.8%-903-550.6K-7.4K3.0846.24N/AN/A138425302369
2018-05-04$99.40$97.0014.8%4.2%14.6%17.2%16.8%5.5%1.2%29.4K-966.5K-7.0K2.8748.31N/AN/A148425302369
2018-05-07$100.03$97.0014.0%3.9%14.6%14.3%16.5%4.1%2.1%52.9K-1.3M-6.7K2.8140.52N/AN/A151425312369
2018-05-08$100.33$97.0014.0%4.1%13.0%14.5%16.8%2.2%1.0%63.8K-1.2M-6.9K2.8187.19N/AN/A151425316369
2018-05-09$100.83$97.0013.1%3.8%13.1%11.1%17.7%5.0%1.3%73.5K-1.5M-6.5K2.7293.98N/AN/A156425321369
2018-05-10$101.04$97.0012.7%3.6%12.4%9.5%15.6%2.8%2.1%88.5K-1.7M-6.0K2.6139.14N/AN/A163425321369
2018-05-11$101.37$97.0012.7%3.6%11.6%9.4%14.7%3.0%2.1%109.4K-1.9M-5.8K2.5944.67N/AN/A164425328369
2018-05-14$101.26$97.0012.5%3.6%11.1%8.9%14.9%3.1%1.8%111.0K-1.8M-5.4K2.6945.20N/AN/A158425328369
2018-05-15$101.46$97.0012.8%3.7%10.2%9.8%16.7%3.7%2.2%111.9K-1.8M-5.7K2.6675.75N/AN/A160425329369
2018-05-16$102.69$97.0012.6%3.6%10.9%9.2%16.2%3.7%2.5%117.2K-2.2M-5.1K2.6935.89N/AN/A161433331369
2018-05-17$103.52$97.0011.9%3.4%10.3%6.5%16.4%3.0%2.5%96.9K-2.5M-4.7K2.6948.56N/AN/A161433332377
2018-05-18$103.70$97.0012.2%3.5%10.0%7.5%16.5%3.1%2.5%54.9K-2.5M-4.7K2.2431.92N/AN/A193433332377
2018-05-21$103.86$97.0012.0%3.4%9.9%7.0%13.5%3.8%0.8%25.5K-2.2M-4.5K1.4684.34N/AN/A300439295370
2018-05-22$103.42$101.0012.3%3.5%9.7%8.0%13.8%2.8%0.2%-127.6K-1.5M-7.0K1.8497.73N/AN/A301554339540
2018-05-23$103.46$101.0013.2%3.8%9.7%11.6%15.1%3.9%-0.2%-163.1K-1.2M-7.7K1.8381.95N/AN/A302554344565
2018-05-24$103.96$101.0012.3%3.5%9.6%7.9%13.7%3.3%0.7%-169.5K-1.5M-7.0K1.7935.86N/AN/A302541345565
2018-05-25$103.61$101.0011.8%3.4%9.4%6.3%13.9%3.2%1.0%-169.1K-1.3M-7.2K1.7725.92N/AN/A302536345561
2018-05-29$103.58$101.0014.1%4.0%9.1%14.8%16.4%4.6%0.5%-153.6K-1.2M-6.9K1.7864.70N/AN/A302537345561
2018-05-30$104.83$101.0012.6%3.6%9.6%9.2%15.9%3.2%0.7%-128.0K-2.0M-6.2K1.7838.04N/AN/A307547345548
2018-05-31$104.70$101.0012.4%3.6%8.9%8.6%15.2%3.7%1.0%-140.1K-2.0M-6.1K1.7554.90N/AN/A307538350563