IWC Options History — March 2019

In March 2019, IWC traded between $91.76 and $97.01. ATM implied volatility averaged 17.7%, placing in the 29.1% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 2.6% (HV 20d: 15.1%). Max pain ranged from $86.00 to $90.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.26.

Notable Days

  • 2019-03-15: Highest Volume — 29 contracts
  • 2019-03-04: Largest IV spike — 20.4% change
  • 2019-03-25: Highest IV Rank — 41.2%
  • 2019-03-07: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$93.95$91.76$97.01$97.01$92.88
Max Pain$88.18$86.00$90.00$90.00$86.00
ATM IV17.7%14.5%20.9%14.5%17.7%
Expected Move5.1%4.2%6.0%4.2%5.3%
HV 20d15.1%10.3%17.9%10.3%17.7%
HV 60d18.5%16.1%21.2%21.2%16.1%
IV Rank29.1%16.9%41.2%16.9%28.9%
IV Percentile59.5%38.9%72.6%38.9%59.5%
Term Structure0.3%-2.0%3.0%1.4%1.1%
VWIV29.4%14.3%65.1%53.9%14.5%
Skew 25d3.7%0.2%6.5%4.4%1.5%
Skew 10d7.7%-0.5%17.0%2.9%0.7%
Call IV 25d15.7%11.2%20.0%11.2%17.2%
Put IV 25d19.4%15.6%23.8%15.6%18.7%
Bid-Ask Spread %78.0555.45103.0797.2986.40
Gamma HHI0.120.100.180.130.10
Net GEX33.0K23.2K45.7K38.0K24.0K
Net DEX-677.7K-933.0K-458.1K-933.0K-543.1K
Net VEX-2.7K-2.9K-2.6K-2.7K-2.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.001.670.000.00
Total Volume6.952029132
Total OI189.19178203196178

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$97.01$90.0014.5%4.2%10.3%16.9%0.0%4.4%1.4%38.0K-933.0K-2.7K0.0097.29N/AN/A01315343
2019-03-04$95.94$90.0017.4%5.0%11.5%28.1%0.0%3.4%-0.8%39.7K-916.5K-2.6K0.00102.91N/AN/A3015343
2019-03-05$95.67$90.0015.6%4.5%11.4%21.2%0.0%3.2%1.4%39.5K-881.5K-2.7K0.00103.04N/AN/A3015443
2019-03-06$93.34$90.0018.7%5.4%14.7%32.8%53.9%3.6%1.6%41.4K-770.0K-2.7K0.0098.11N/AN/A3015443
2019-03-07$92.75$90.0020.8%6.0%14.9%40.9%65.1%4.5%-1.2%38.5K-668.1K-2.7K1.33100.48N/AN/A3415443
2019-03-08$92.43$90.0020.1%5.8%14.5%38.1%0.0%5.1%0.6%37.0K-590.3K-2.9K1.67103.07N/AN/A3515447
2019-03-11$94.03$86.0017.7%5.1%15.6%29.1%0.0%6.5%-0.7%35.4K-702.4K-2.7K0.0073.58N/AN/A0015447
2019-03-12$94.36$86.0016.3%4.9%15.3%23.7%14.4%5.3%1.1%42.2K-773.5K-2.7K0.0061.93N/AN/A2015447
2019-03-13$94.75$86.0015.6%4.8%15.0%21.0%14.4%4.4%1.1%44.2K-803.1K-2.6K0.1760.29N/AN/A12215447
2019-03-14$94.46$86.0017.3%4.9%14.9%27.4%14.3%3.8%-0.5%45.7K-760.4K-2.7K0.1762.27N/AN/A12215449
2019-03-15$94.62$86.0014.6%4.7%14.8%17.2%14.5%1.2%3.0%30.8K-773.0K-2.7K0.3269.73N/AN/A22715449
2019-03-18$95.33$0.0016.0%4.2%14.2%22.8%0.0%3.6%-1.8%29.4K-683.7K-2.7K0.0083.24N/AN/A8013642
2019-03-19$94.81$0.0016.0%4.8%14.1%22.7%0.0%5.2%0.8%29.5K-656.1K-2.7K0.0055.77N/AN/A8013642
2019-03-20$94.53$0.0015.9%4.8%14.0%22.1%0.0%0.3%1.2%27.4K-673.9K-2.7K0.0077.52N/AN/A8013642
2019-03-21$94.97$0.0017.7%4.8%14.0%29.0%0.0%4.6%-0.1%29.0K-674.6K-2.7K0.0055.45N/AN/A8013642
2019-03-22$91.76$0.0020.3%5.6%17.9%38.7%0.0%4.2%0.1%25.4K-484.9K-2.8K0.0062.35N/AN/A8013642
2019-03-25$92.10$0.0020.9%5.5%17.8%41.2%0.0%4.4%-2.0%25.2K-458.1K-2.7K0.0060.87N/AN/A0213642
2019-03-26$92.31$0.0020.1%5.6%17.8%38.0%0.0%5.4%-0.7%24.0K-510.6K-2.6K0.0057.07N/AN/A0213642
2019-03-27$92.33$0.0020.0%5.7%17.9%37.9%0.0%0.2%-0.1%23.4K-485.6K-2.6K0.0087.66N/AN/A0213642
2019-03-28$92.60$0.0018.7%5.5%17.9%33.0%0.0%3.5%1.1%23.2K-490.3K-2.6K0.0080.09N/AN/A0213642
2019-03-29$92.88$0.0017.7%5.3%17.7%28.9%0.0%1.5%1.1%24.0K-543.1K-2.6K0.0086.40N/AN/A0213642