IWC Options History — January 2019

In January 2019, IWC traded between $82.78 and $90.62. ATM implied volatility averaged 22.8%, placing in the 47.8% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded below realized volatility by 1.7% (HV 20d: 24.5%). Max pain ranged from $74.00 to $89.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 9.67.

Notable Days

  • 2019-01-04: Highest Volume — 131 contracts
  • 2019-01-04: Largest IV drop — 15.8% change
  • 2019-01-02: Highest IV Rank — 74.3%
  • 2019-01-02: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.44$82.78$90.62$83.37$90.62
Max Pain$82.86$74.00$89.00$75.00$85.00
ATM IV22.8%18.1%29.9%29.9%18.1%
Expected Move6.5%5.5%8.6%8.6%5.5%
HV 20d24.5%18.0%29.2%28.0%18.0%
HV 60d23.4%22.5%24.2%23.1%22.5%
IV Rank47.8%30.1%74.3%74.3%30.1%
IV Percentile77.6%60.3%95.2%95.2%60.3%
Term Structure-0.5%-2.2%1.2%-1.2%0.0%
VWIV22.1%18.9%29.9%22.2%18.9%
Skew 25d5.9%3.7%9.9%9.9%6.2%
Skew 10d13.6%1.7%22.1%22.1%16.6%
Call IV 25d19.9%15.6%24.9%24.9%16.4%
Put IV 25d25.9%19.9%34.8%34.8%22.6%
Bid-Ask Spread %78.7149.96107.0696.1293.94
Gamma HHI0.270.200.350.250.22
Net GEX36.8K20.6K46.1K32.8K30.7K
Net DEX-504.1K-684.5K-310.1K-328.0K-516.2K
Net VEX-1.8K-2.0K-1.6K-1.6K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.670.0062.5062.501.29
Total Volume32.952013112716
Total OI251.619135272135253

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$83.37$75.0029.9%8.6%28.0%74.3%22.2%9.9%-1.2%32.8K-328.0K-1.6K62.5096.12N/AN/A212512510
2019-01-03$82.78$74.0029.3%8.0%24.5%71.9%26.5%7.7%-2.2%28.4K-310.1K-1.9K62.5053.68N/AN/A2125126135
2019-01-04$85.42$74.0024.6%7.3%27.6%54.6%29.9%6.6%-0.2%39.3K-436.0K-1.8K25.2053.33N/AN/A5126126135
2019-01-07$87.12$74.0025.1%7.2%28.8%56.1%0.0%5.6%0.3%43.1K-563.6K-1.8K0.0052.03N/AN/A60129136
2019-01-08$88.22$74.0025.4%7.1%29.2%57.6%0.0%5.5%-1.5%40.0K-480.2K-1.7K0.0055.45N/AN/A230111136
2019-01-09$88.95$74.0023.6%6.8%29.1%50.7%0.0%5.4%-0.1%36.5K-501.1K-1.9K0.0058.96N/AN/A230113136
2019-01-10$88.94$74.0022.9%6.6%29.1%48.3%22.7%6.0%-1.1%36.6K-512.7K-1.9K0.0449.96N/AN/A251113136
2019-01-11$89.00$89.0022.8%6.5%28.8%47.7%22.7%5.2%-0.5%40.4K-528.9K-1.8K0.0494.32N/AN/A251113137
2019-01-14$88.07$89.0022.4%6.4%28.3%46.4%0.0%5.5%-1.1%38.6K-494.2K-1.8K0.0074.56N/AN/A01113137
2019-01-15$88.83$89.0020.9%6.0%27.7%40.7%19.2%4.7%-0.6%20.6K-518.9K-1.7K0.0577.32N/AN/A221113137
2019-01-16$89.45$89.0021.1%6.0%25.7%41.3%19.0%4.9%-0.5%37.1K-632.9K-1.9K0.0578.52N/AN/A221135137
2019-01-17$90.10$89.0020.5%5.9%25.7%39.1%19.6%5.5%0.4%44.2K-654.7K-1.9K0.0582.55N/AN/A221135137
2019-01-18$90.48$89.0020.3%5.8%23.5%38.4%19.0%5.9%0.3%35.3K-684.5K-1.9K0.0295.72N/AN/A651135137
2019-01-22$88.79$86.0021.8%6.2%24.0%43.9%0.0%4.7%-0.7%43.4K-514.2K-2.0K0.0085.75N/AN/A00124136
2019-01-23$88.59$86.0023.1%6.6%21.7%48.9%0.0%4.8%-1.4%43.3K-482.7K-2.0K0.0086.97N/AN/A00124136
2019-01-24$89.08$86.0022.3%6.4%20.5%45.9%23.6%6.6%-0.2%44.2K-488.2K-1.9K0.0086.36N/AN/A05124136
2019-01-25$90.40$86.0019.8%5.7%18.5%36.5%20.0%6.8%1.2%46.1K-545.6K-2.0K0.2390.60N/AN/A225124141
2019-01-28$89.46$86.0022.4%6.4%19.0%46.3%24.3%8.2%0.2%30.3K-457.6K-1.8K5.0096.75N/AN/A15106141
2019-01-29$89.33$86.0022.8%6.5%18.2%47.6%23.7%5.8%-1.9%30.2K-440.9K-1.8K5.0082.88N/AN/A15107146
2019-01-30$90.23$86.0019.9%5.7%18.3%36.9%19.5%3.7%-0.1%30.9K-495.5K-1.8K2.50107.06N/AN/A25107146
2019-01-31$90.62$85.0018.1%5.5%18.0%30.1%18.9%6.2%0.0%30.7K-516.2K-1.8K1.2993.94N/AN/A79107146