IWC Options History — July 2018

In July 2018, IWC traded between $104.53 and $109.33. ATM implied volatility averaged 13.7%, placing in the 13.1% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 2.1% (HV 20d: 11.5%). Max pain ranged from $106.00 to $111.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 2.22.

Notable Days

  • 2018-07-02: Highest Volume — 607 contracts
  • 2018-07-11: Largest IV spike — 14.2% change
  • 2018-07-30: Highest IV Rank — 20.5%
  • 2018-07-30: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.29$104.53$109.33$106.61$105.36
Max Pain$109.76$106.00$111.00$106.00$107.00
ATM IV13.7%12.2%15.6%15.4%14.7%
Expected Move4.0%3.5%4.5%4.4%4.2%
HV 20d11.5%9.0%12.7%11.6%11.4%
HV 60d10.4%10.0%11.4%11.4%10.3%
IV Rank13.1%7.8%20.5%19.5%17.2%
IV Percentile45.8%16.3%77.4%74.6%66.7%
Term Structure0.7%-0.4%1.7%0.7%0.4%
VWIV13.5%11.9%15.5%11.9%14.2%
Skew 25d4.3%0.4%6.4%3.8%4.0%
Skew 10d9.6%-1.8%13.2%12.5%13.2%
Call IV 25d12.3%10.7%14.7%14.3%13.3%
Put IV 25d16.5%14.8%19.0%18.1%17.2%
Bid-Ask Spread %47.9729.6999.8440.1958.77
Gamma HHI0.240.100.800.100.12
Net GEX75.8K-41.4K637.8K3.9K-40.8K
Net DEX-1.0M-1.8M-40.8K-652.2K-277.6K
Net VEX-8.9K-10.1K-8.0K-10.1K-9.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.221.302.881.302.58
Total Volume533.762447607607447
Total OI708.143616763670720

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-07-02$106.61$106.0015.4%4.4%11.6%19.5%11.9%3.8%0.7%3.9K-652.2K-10.1K1.3040.19N/AN/A264343306364
2018-07-03$106.90$106.0014.6%4.2%11.3%16.6%14.3%4.5%1.7%9.4K-875.8K-9.7K1.4240.91N/AN/A242343306366
2018-07-05$108.11$111.0014.5%4.4%11.6%16.5%14.6%5.0%-0.3%82.1K-1.3M-9.6K1.4244.51N/AN/A241343346366
2018-07-06$108.47$111.0013.7%4.1%11.5%13.1%13.2%4.5%0.5%93.9K-1.5M-9.2K1.4436.22N/AN/A239343348366
2018-07-09$109.33$111.0012.6%3.9%11.8%9.0%13.0%4.2%1.0%120.9K-1.8M-8.7K2.3232.17N/AN/A152353350366
2018-07-10$108.62$111.0012.5%4.1%12.1%8.7%13.4%4.7%-0.0%103.5K-1.5M-9.1K2.3238.23N/AN/A153355352376
2018-07-11$107.97$111.0014.3%4.1%12.3%15.4%13.2%4.9%0.5%88.7K-1.3M-9.2K2.3229.84N/AN/A153355353378
2018-07-12$108.19$111.0013.7%3.9%12.3%13.4%14.4%4.5%1.1%94.5K-1.4M-9.1K2.3641.25N/AN/A156368353378
2018-07-13$107.68$111.0013.1%3.8%12.5%11.2%14.2%4.1%1.4%88.3K-1.3M-9.0K2.2629.69N/AN/A163368353391
2018-07-16$106.95$111.0013.5%3.9%12.7%12.6%13.6%5.1%0.7%73.6K-909.6K-8.9K2.3131.36N/AN/A163376358391
2018-07-17$107.35$111.0012.9%3.7%12.5%10.4%12.4%4.0%1.3%110.5K-1.1M-8.5K2.3132.85N/AN/A163376358396
2018-07-18$107.38$111.0012.5%3.6%12.5%8.9%12.6%4.3%0.7%138.9K-1.1M-8.3K2.3530.67N/AN/A160376358396
2018-07-19$107.97$111.0012.8%3.7%11.9%10.0%11.9%3.4%0.9%184.3K-1.4M-8.3K1.8534.83N/AN/A203376358396
2018-07-20$107.94$111.0012.2%3.5%10.7%7.8%12.3%3.6%0.7%637.8K-1.3M-8.0K1.9231.68N/AN/A196376366397
2018-07-23$107.80$111.0013.1%3.7%10.7%10.9%12.9%6.1%0.7%-26.1K-888.4K-8.0K2.8898.92N/AN/A132380245371
2018-07-24$106.90$111.0013.8%3.9%10.8%13.5%13.2%3.8%1.0%-34.4K-709.5K-8.3K2.8667.70N/AN/A133380245386
2018-07-25$106.63$111.0012.8%3.7%10.3%9.8%12.9%3.5%1.1%-29.6K-666.1K-8.1K2.6355.65N/AN/A156411246386
2018-07-26$107.25$107.0013.9%4.0%9.0%14.1%14.3%6.4%0.2%-28.6K-724.9K-9.0K2.6799.15N/AN/A156416269417
2018-07-27$105.23$107.0014.4%4.1%11.3%15.9%15.1%0.4%0.4%-37.3K-304.3K-8.8K2.5199.84N/AN/A128321269422
2018-07-30$104.53$107.0015.6%4.5%11.5%20.5%15.5%4.5%-0.4%-41.4K-40.8K-9.2K2.5232.82N/AN/A128322280423
2018-07-31$105.36$107.0014.7%4.2%11.4%17.2%14.2%4.0%0.4%-40.8K-277.6K-9.2K2.5858.77N/AN/A125322286434