IWC Options History — February 2019

In February 2019, IWC traded between $90.97 and $97.35. ATM implied volatility averaged 15.9%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 3.2% (HV 20d: 12.6%). Max pain ranged from $85.00 to $90.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.95.

Notable Days

  • 2019-02-15: Highest Volume — 84 contracts
  • 2019-02-07: Largest IV spike — 20.3% change
  • 2019-02-07: Highest IV Rank — 33.4%
  • 2019-02-01: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$94.26$90.97$97.35$90.97$96.31
Max Pain$88.95$85.00$90.00$85.00$90.00
ATM IV15.9%14.0%18.8%17.0%15.5%
Expected Move4.6%4.0%5.5%5.5%4.4%
HV 20d12.6%10.2%17.5%17.5%10.2%
HV 60d21.9%21.2%22.6%22.5%21.2%
IV Rank22.1%15.1%33.4%26.0%20.6%
IV Percentile51.1%34.9%63.1%56.7%50.8%
Term Structure1.2%-0.1%2.8%0.2%-0.1%
VWIV18.2%14.4%26.6%18.7%20.3%
Skew 25d4.3%2.1%6.4%5.2%4.3%
Skew 10d9.3%2.7%14.7%14.4%3.2%
Call IV 25d14.4%12.4%16.6%16.6%13.1%
Put IV 25d18.7%14.7%21.8%21.8%17.4%
Bid-Ask Spread %95.7788.15111.2891.68104.51
Gamma HHI0.170.130.230.210.13
Net GEX34.4K24.2K42.8K29.0K38.7K
Net DEX-788.6K-992.2K-529.4K-529.4K-904.7K
Net VEX-2.3K-2.8K-1.7K-1.8K-2.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.085.001.290.08
Total Volume17.7890841613
Total OI240170310262196

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$90.97$85.0017.0%5.5%17.5%26.0%18.7%5.2%0.2%29.0K-529.4K-1.8K1.2991.68N/AN/A79112150
2019-02-04$91.83$85.0015.0%4.7%14.6%18.7%0.0%4.7%1.8%27.6K-582.3K-1.7K0.1793.58N/AN/A122112150
2019-02-05$92.40$85.0014.8%4.7%13.3%17.7%0.0%3.9%1.7%29.7K-672.6K-1.9K0.1794.85N/AN/A122124150
2019-02-06$92.29$85.0015.7%4.5%12.9%21.3%18.1%4.6%2.5%30.9K-671.7K-1.9K0.0096.66N/AN/A05124150
2019-02-07$91.43$90.0018.8%5.4%13.3%33.4%19.4%4.9%0.2%27.0K-588.3K-2.0K3.0096.11N/AN/A26124155
2019-02-08$91.24$90.0018.5%5.3%13.3%32.0%19.0%6.2%0.5%24.2K-586.2K-1.9K5.0095.51N/AN/A210124154
2019-02-11$92.12$90.0016.4%4.7%13.7%24.2%0.0%4.6%1.8%28.3K-640.0K-1.9K0.0096.99N/AN/A00124154
2019-02-12$93.04$90.0016.4%4.7%13.2%24.2%0.0%5.3%1.4%31.9K-716.7K-1.8K0.2897.05N/AN/A329124154
2019-02-13$93.72$90.0015.8%4.5%13.1%21.8%0.0%3.4%1.8%38.8K-824.9K-2.5K0.2895.12N/AN/A329146163
2019-02-14$94.12$90.0016.2%4.6%13.0%23.4%0.0%3.8%1.6%38.1K-841.6K-2.5K0.3188.15N/AN/A3210146163
2019-02-15$95.45$90.0015.8%4.5%13.5%22.0%0.0%3.5%1.4%31.3K-924.9K-2.4K0.1489.22N/AN/A7410146164
2019-02-19$96.10$90.0015.3%4.4%13.6%19.8%15.3%3.0%0.9%35.1K-871.8K-2.7K1.0088.31N/AN/A1114129
2019-02-20$96.54$90.0015.0%4.3%10.9%18.8%15.4%3.8%1.0%35.5K-902.2K-2.6K0.5089.55N/AN/A2114230
2019-02-21$95.92$90.0015.6%4.5%11.3%21.3%14.8%4.7%0.5%37.5K-874.3K-2.7K0.0891.64N/AN/A12114330
2019-02-22$96.83$90.0014.5%4.2%11.5%17.0%14.4%3.8%0.9%42.8K-955.7K-2.7K0.0889.06N/AN/A12115330
2019-02-25$97.35$90.0014.0%4.0%10.8%15.1%18.7%2.1%2.8%42.2K-992.2K-2.6K0.00111.28N/AN/A0115330
2019-02-26$96.67$90.0016.2%4.6%10.2%23.2%26.6%3.5%0.6%42.3K-973.8K-2.6K0.00105.25N/AN/A0315331
2019-02-27$96.60$90.0015.3%4.4%10.2%20.2%0.0%6.4%1.4%42.7K-930.5K-2.7K0.00105.06N/AN/A01315333
2019-02-28$96.31$90.0015.5%4.4%10.2%20.6%20.3%4.3%-0.1%38.7K-904.7K-2.8K0.00104.51N/AN/A01315343