IWC Options History — November 2018

In November 2018, IWC traded between $90.78 and $97.83. ATM implied volatility averaged 24.3%, placing in the 53.3% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 3.7% (HV 20d: 20.6%). Max pain ranged from $88.00 to $101.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2018-11-12: Highest Volume — 213 contracts
  • 2018-11-12: Largest IV spike — 51.1% change
  • 2018-11-12: Highest IV Rank — 84.8%
  • 2018-11-01: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$94.19$90.78$97.83$96.16$93.94
Max Pain$89.24$88.00$101.00$101.00$88.00
ATM IV24.3%19.4%32.7%26.0%22.7%
Expected Move6.6%5.5%7.4%7.4%6.5%
HV 20d20.6%17.6%22.7%22.5%17.6%
HV 60d16.9%16.1%18.0%16.1%17.9%
IV Rank53.3%35.0%84.8%59.6%47.3%
IV Percentile92.7%85.7%99.2%96.8%87.3%
Term Structure-1.5%-3.0%1.5%-2.6%-1.5%
VWIV23.1%19.5%26.4%26.4%23.4%
Skew 25d6.3%3.4%10.5%8.9%5.4%
Skew 10d11.0%2.9%22.8%12.1%10.4%
Call IV 25d20.9%17.7%26.3%21.5%22.3%
Put IV 25d27.2%22.3%32.7%30.4%27.7%
Bid-Ask Spread %84.2268.06100.1094.5881.40
Gamma HHI0.100.070.180.070.10
Net GEX10.7K-17.4K25.1K11.5K23.8K
Net DEX-182.5K-430.5K16.0K-199.4K-304.4K
Net VEX-2.2K-2.9K-1.7K-2.8K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.640.940.940.64
Total Volume207.619184213210207
Total OI292.476270299294297

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-11-01$96.16$101.0026.0%7.4%22.5%59.6%26.4%8.9%-2.6%11.5K-199.4K-2.8K0.9494.58N/AN/A108102187107
2018-11-02$96.49$101.0025.1%7.2%22.5%56.4%25.0%5.7%-1.5%13.1K-300.0K-2.8K0.94100.10N/AN/A108102189107
2018-11-05$96.16$88.0027.5%6.3%22.5%65.4%25.5%6.4%-1.5%11.3K-262.3K-2.9K0.9399.43N/AN/A110102189107
2018-11-06$96.26$88.0027.1%6.7%22.6%63.7%21.6%6.3%-2.5%12.3K-267.3K-2.7K0.9368.06N/AN/A110102191107
2018-11-07$97.79$88.0019.4%5.5%21.6%35.0%20.5%4.7%1.5%11.7K-374.9K-2.6K0.9384.47N/AN/A110102191107
2018-11-08$97.83$88.0019.5%5.6%21.2%35.5%19.5%4.6%-0.4%16.9K-430.5K-2.5K0.9381.35N/AN/A110102191107
2018-11-09$95.80$88.0021.7%6.1%22.3%43.5%20.1%5.8%-0.4%10.7K-305.0K-2.6K0.9382.64N/AN/A110102191107
2018-11-12$94.38$88.0032.7%6.5%22.7%84.8%21.7%3.4%-1.6%3.4K-125.9K-2.2K0.9281.23N/AN/A111102191107
2018-11-13$93.40$88.0029.7%6.8%20.9%73.4%22.5%7.8%-2.5%832-56.4K-2.0K0.9281.68N/AN/A111102192107
2018-11-14$92.90$88.0024.3%7.0%20.9%53.2%23.2%3.9%-3.0%2.0K-35.2K-2.1K0.9290.16N/AN/A111102192106
2018-11-15$93.29$88.0023.4%6.7%20.4%49.9%22.9%8.8%-1.8%-1.1K16.0K-2.0K0.9279.19N/AN/A111102192106
2018-11-16$93.84$88.0022.1%6.3%19.9%45.1%22.2%6.6%-2.2%-17.4K-76.3K-1.9K0.9274.53N/AN/A111102192101
2018-11-19$92.34$88.0023.4%6.7%20.6%50.1%24.4%7.0%-0.5%12.8K-73.7K-1.8K0.8274.36N/AN/A1018318288
2018-11-20$90.78$88.0024.9%7.1%21.3%55.5%25.2%5.9%-0.9%9.6K5.7K-1.7K0.8680.09N/AN/A1018718288
2018-11-21$91.82$88.0023.4%6.7%19.5%49.9%23.6%7.8%-1.7%10.9K-34.5K-1.8K0.7584.46N/AN/A1168718292
2018-11-23$92.15$88.0023.3%6.7%19.3%49.5%26.0%10.5%-0.7%14.4K-114.5K-2.2K0.7590.93N/AN/A1168719792
2018-11-26$92.64$88.0023.5%6.7%19.0%50.5%22.7%4.9%-2.1%14.8K-175.7K-2.1K0.7080.35N/AN/A1248719792
2018-11-27$92.04$88.0023.3%6.7%18.8%49.8%23.1%4.0%-0.3%16.2K-152.1K-2.0K0.6580.93N/AN/A1248120592
2018-11-28$94.06$88.0023.1%6.6%18.9%48.9%23.6%7.0%-2.6%22.1K-258.3K-2.0K0.6487.74N/AN/A1268120590
2018-11-29$94.00$88.0024.2%6.9%18.5%52.8%22.9%6.8%-2.9%25.1K-308.4K-2.1K0.6490.98N/AN/A1268120790
2018-11-30$93.94$88.0022.7%6.5%17.6%47.3%23.4%5.4%-1.5%23.8K-304.4K-2.0K0.6481.40N/AN/A1268120790