IWC Options History — June 2018

In June 2018, IWC traded between $105.26 and $109.54. ATM implied volatility averaged 12.9%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 4.5% (HV 20d: 8.4%). Max pain ranged from $99.00 to $106.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.51.

Notable Days

  • 2018-06-15: Highest Volume — 1,190 contracts
  • 2018-06-21: Largest IV spike — 32.9% change
  • 2018-06-27: Highest IV Rank — 24.4%
  • 2018-06-27: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.10$105.26$109.54$105.26$105.68
Max Pain$103.43$99.00$106.00$101.00$106.00
ATM IV12.9%10.6%16.7%12.4%14.7%
Expected Move3.7%3.1%4.8%3.5%4.2%
HV 20d8.4%6.7%11.4%7.7%11.3%
HV 60d14.0%11.9%15.5%15.5%12.2%
IV Rank10.3%1.7%24.4%8.3%17.0%
IV Percentile31.2%2.0%85.7%15.5%67.1%
Term Structure1.1%-0.5%2.5%0.5%0.9%
VWIV13.1%11.3%15.8%14.8%14.5%
Skew 25d4.1%2.8%6.0%2.8%4.6%
Skew 10d10.5%7.1%15.3%9.4%9.4%
Call IV 25d11.5%9.7%14.2%10.9%13.4%
Put IV 25d15.6%13.4%19.9%13.6%18.0%
Bid-Ask Spread %50.1132.0192.4236.2136.85
Gamma HHI0.160.100.290.230.10
Net GEX-19.3K-134.1K51.6K-134.1K-4.3K
Net DEX-2.0M-3.4M-465.7K-2.3M-465.7K
Net VEX-7.0K-10.5K-4.0K-5.7K-10.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.511.281.791.751.29
Total Volume758.7145171,190845605
Total OI793.095555972913668

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-06-01$105.26$101.0012.4%3.5%7.7%8.3%14.8%2.8%0.5%-134.1K-2.3M-5.7K1.7536.21N/AN/A307538350563
2018-06-04$105.62$99.0012.5%3.3%6.9%8.8%15.8%4.0%2.0%-127.7K-2.5M-4.9K1.7555.63N/AN/A307538350563
2018-06-05$106.48$99.0012.5%3.6%7.1%8.9%13.0%3.8%1.0%-78.2K-2.9M-4.2K1.6637.97N/AN/A327542350563
2018-06-06$107.36$99.0010.6%3.2%7.3%1.7%12.4%3.1%1.9%-45.7K-3.1M-4.0K1.6684.59N/AN/A330548365567
2018-06-07$106.85$99.0011.5%3.3%7.8%5.1%12.5%4.3%2.3%-70.3K-3.1M-4.3K1.6742.54N/AN/A332556369573
2018-06-08$106.93$99.0011.4%3.4%7.9%4.5%12.4%4.0%1.9%-32.2K-3.2M-4.3K1.6340.37N/AN/A342556374583
2018-06-11$106.92$99.0012.2%3.3%7.9%7.8%12.5%3.8%1.5%-17.0K-3.3M-4.3K1.6232.01N/AN/A343557384583
2018-06-12$106.97$99.0011.5%3.1%7.8%5.1%12.0%3.5%2.5%-6.5K-3.4M-4.3K1.6341.81N/AN/A352572389583
2018-06-13$107.16$106.0011.4%3.3%7.8%4.6%11.8%3.6%1.2%-27.8K-2.9M-4.6K1.5369.71N/AN/A373572359598
2018-06-14$107.37$106.0011.6%3.3%7.0%5.4%12.0%3.2%1.7%49.4K-3.1M-4.6K1.6243.90N/AN/A354572359598
2018-06-15$107.50$106.0011.8%3.4%6.7%6.1%12.7%3.2%2.0%51.6K-3.1M-4.7K1.7941.04N/AN/A426764360598
2018-06-18$108.26$106.0012.0%3.4%6.9%6.8%12.3%3.3%1.0%983-1.2M-8.7K1.3862.38N/AN/A217300237318
2018-06-19$108.33$106.0012.9%3.7%7.0%10.4%14.0%3.6%0.4%-91-1.2M-8.9K1.4236.71N/AN/A218310239319
2018-06-20$109.54$106.0011.2%3.2%7.2%3.7%11.3%4.3%1.0%-2.2K-1.4M-8.4K1.5492.42N/AN/A218336246333
2018-06-21$107.90$106.0014.8%4.2%9.6%17.5%14.4%4.4%-0.5%-20.3K-926.3K-9.8K1.2957.81N/AN/A262338246355
2018-06-22$107.75$106.0013.4%3.8%9.6%12.0%13.1%4.7%1.0%22.0K-1.0M-10.2K1.2945.18N/AN/A262338301357
2018-06-25$107.00$106.0016.1%4.6%10.0%22.2%14.3%6.0%0.6%13.5K-758.8K-10.4K1.3155.19N/AN/A262343301357
2018-06-26$107.96$106.0014.3%4.1%10.3%15.7%12.9%5.1%0.0%19.7K-988.2K-10.1K1.3048.26N/AN/A263343301362
2018-06-27$106.35$106.0016.7%4.8%11.2%24.4%14.8%5.8%0.2%2.4K-573.8K-10.5K1.3053.46N/AN/A264343304362
2018-06-28$105.93$106.0015.6%4.5%11.4%20.4%12.6%4.8%0.8%2.0K-534.1K-10.5K1.2838.33N/AN/A264339306362
2018-06-29$105.68$106.0014.7%4.2%11.3%17.0%14.5%4.6%0.9%-4.3K-465.7K-10.1K1.2936.85N/AN/A264341306362