IWC Options History — August 2018

In August 2018, IWC traded between $104.97 and $109.72. ATM implied volatility averaged 12.5%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 1.9% (HV 20d: 10.6%). Max pain ranged from $105.00 to $107.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 22 of 23 days. Put/call ratio averaged 2.37.

Notable Days

  • 2018-08-15: Highest Volume — 459 contracts
  • 2018-08-10: Largest IV spike — 29.4% change
  • 2018-08-01: Highest IV Rank — 19.9%
  • 2018-08-01: Largest Expected Move — 4.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.07$104.97$109.72$105.25$109.72
Max Pain$105.26$105.00$107.00$107.00$105.00
ATM IV12.5%10.0%15.5%15.5%12.6%
Expected Move3.6%3.3%4.4%4.4%3.6%
HV 20d10.6%8.9%12.4%11.3%8.9%
HV 60d10.5%10.1%11.0%10.3%10.5%
IV Rank9.1%0.0%19.9%19.9%9.8%
IV Percentile25.9%0.0%74.6%74.6%29.8%
Term Structure1.4%-0.9%2.7%-0.9%1.0%
VWIV15.4%12.6%18.7%15.2%13.9%
Skew 25d3.8%2.0%5.0%4.2%2.6%
Skew 10d9.2%5.4%14.5%14.5%6.1%
Call IV 25d11.5%10.6%15.1%15.1%11.7%
Put IV 25d15.3%13.4%19.2%19.2%14.3%
Bid-Ask Spread %39.8026.7789.1378.2328.59
Gamma HHI0.130.120.150.120.13
Net GEX-44.0K-76.3K-623-46.5K-623
Net DEX-845.6K-1.9M110.5K-186.0K-1.9M
Net VEX-7.1K-9.3K-5.1K-9.3K-5.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.372.132.472.462.30
Total Volume423.435375459453393
Total OI707.609659742723703

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$105.25$107.0015.5%4.4%11.3%19.9%15.2%4.2%-0.9%-46.5K-186.0K-9.3K2.4678.23N/AN/A131322288435
2018-08-02$105.96$107.0013.6%3.9%10.8%12.7%13.4%4.2%0.5%-50.2K-406.1K-9.1K2.4328.81N/AN/A131318280443
2018-08-03$105.52$107.0012.8%3.7%10.7%9.9%13.0%4.1%1.0%-53.8K-271.7K-8.7K2.4334.58N/AN/A131318280444
2018-08-06$105.60$105.0012.1%3.7%10.2%7.3%16.8%4.4%2.1%-52.3K-332.5K-8.4K2.4335.85N/AN/A131318280443
2018-08-07$105.99$105.0011.4%3.6%10.2%4.7%16.6%4.5%2.1%-48.9K-428.0K-8.1K2.4734.61N/AN/A131323276443
2018-08-08$106.47$105.0011.1%3.6%10.2%3.4%16.0%3.9%2.2%-43.7K-593.2K-7.9K2.4733.32N/AN/A131323276448
2018-08-09$106.60$105.0010.0%3.4%10.2%0.0%14.6%3.9%2.4%-35.4K-746.5K-7.6K2.4728.00N/AN/A131323276449
2018-08-10$106.49$105.0013.0%3.8%10.1%11.0%16.7%4.0%2.1%-46.0K-628.4K-7.8K2.4241.88N/AN/A132319276449
2018-08-13$105.80$105.0015.0%3.9%10.1%18.6%17.3%4.5%1.8%-52.3K-379.0K-7.6K2.2840.57N/AN/A137312277452
2018-08-14$106.53$105.0011.8%3.5%10.3%6.8%17.1%4.2%2.3%-43.9K-536.8K-7.5K2.2731.91N/AN/A137311277456
2018-08-15$104.97$105.0014.4%4.1%11.5%16.4%18.7%4.9%1.5%-76.3K110.5K-7.8K2.3532.72N/AN/A137322277456
2018-08-16$105.86$105.0012.8%3.7%11.7%10.2%17.1%4.0%2.0%-76.1K-179.4K-7.6K2.3534.90N/AN/A137322277464
2018-08-17$106.27$105.0012.9%3.7%11.9%10.7%16.8%4.3%1.8%-64.7K-314.9K-7.2K2.3433.19N/AN/A137320277465
2018-08-20$106.60$105.0012.1%3.5%11.9%7.8%17.0%4.6%0.7%-73.9K-730.1K-6.9K2.3830.55N/AN/A112267244415
2018-08-21$107.73$105.0012.4%3.5%12.2%8.8%14.9%3.8%0.3%-48.1K-1.2M-6.3K2.4333.00N/AN/A110267252415
2018-08-22$108.48$105.0012.2%3.5%12.4%8.0%15.8%2.8%0.8%-44.9K-1.3M-6.3K2.3251.06N/AN/A115267257415
2018-08-23$108.27$105.0012.3%3.5%12.2%8.7%16.1%3.0%0.9%-44.6K-1.3M-6.2K2.3230.70N/AN/A115267259415
2018-08-24$108.82$105.0011.5%3.3%9.9%5.5%13.6%3.1%1.1%-36.5K-1.4M-6.0K2.4426.82N/AN/A109266261415
2018-08-27$108.71$105.0011.8%3.4%9.5%6.7%12.6%5.0%1.6%-30.0K-1.6M-5.2K2.4589.13N/AN/A111272260415
2018-08-28$108.77$105.0011.6%3.3%9.2%5.9%13.1%2.5%2.7%-33.0K-1.6M-5.2K2.1352.84N/AN/A128272263421
2018-08-29$109.16$105.0011.9%3.4%9.2%7.0%13.2%2.0%1.2%-6.1K-1.8M-5.1K2.2926.77N/AN/A119272279421
2018-08-30$109.10$105.0012.9%3.7%9.1%10.7%13.9%2.8%0.2%-4.8K-1.7M-5.4K2.2957.40N/AN/A119273280421
2018-08-31$109.72$105.0012.6%3.6%8.9%9.8%13.9%2.6%1.0%-623-1.9M-5.2K2.3028.59N/AN/A119274280423