IWC Options History — April 2019

In April 2019, IWC traded between $92.73 and $95.68. ATM implied volatility averaged 16.3%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 2.0% (HV 20d: 14.3%). Max pain ranged from $93.00 to $94.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2019-04-17: Highest Volume — 35 contracts
  • 2019-04-05: Largest IV drop — 19.1% change
  • 2019-04-01: Highest IV Rank — 38.8%
  • 2019-04-09: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$94.37$92.73$95.68$93.44$94.49
Max Pain$93.32$93.00$94.00$94.00$93.00
ATM IV16.3%14.1%20.3%20.3%16.1%
Expected Move4.7%4.1%5.2%5.2%4.6%
HV 20d14.3%9.3%17.6%17.6%13.2%
HV 60d14.3%13.9%16.0%16.0%14.3%
IV Rank23.7%15.4%38.8%38.8%23.0%
IV Percentile53.1%33.3%70.2%70.2%54.0%
Term Structure-0.1%-4.0%2.4%-1.3%-0.7%
VWIV15.8%11.9%18.3%18.1%11.9%
Skew 25d3.7%-4.2%8.0%7.9%-1.3%
Skew 10d6.1%-0.1%11.9%0.4%0.9%
Call IV 25d14.2%9.7%16.7%11.9%15.9%
Put IV 25d17.8%12.3%19.9%19.9%14.6%
Bid-Ask Spread %98.2289.41112.2492.79109.70
Gamma HHI0.110.100.120.100.10
Net GEX33.4K15.8K55.1K23.6K52.3K
Net DEX-693.1K-806.7K-569.7K-575.9K-790.8K
Net VEX-2.4K-2.5K-2.1K-2.5K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.005.000.000.36
Total Volume9.14303500
Total OI190.857178218178201

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$93.44$0.0020.3%5.2%17.6%38.8%0.0%7.9%-1.3%23.6K-575.9K-2.5K0.0092.79N/AN/A0013642
2019-04-02$93.41$0.0018.2%4.6%17.6%30.9%18.1%1.3%-4.0%24.4K-603.1K-2.4K0.0094.24N/AN/A1013642
2019-04-03$93.82$94.0016.8%5.0%15.4%25.8%18.3%3.2%-1.5%25.9K-646.9K-2.4K0.0092.45N/AN/A5013742
2019-04-04$94.29$94.0017.4%4.8%15.2%28.0%16.9%3.4%0.7%26.9K-652.7K-2.4K0.0093.14N/AN/A5014142
2019-04-05$95.39$94.0014.1%4.7%15.6%15.4%15.4%4.7%0.8%29.1K-720.6K-2.3K0.0095.93N/AN/A5014142
2019-04-08$95.25$94.0016.2%4.7%14.5%23.3%0.0%3.9%0.5%28.8K-734.5K-2.3K0.0091.88N/AN/A0014142
2019-04-09$94.34$94.0017.1%5.2%14.9%26.6%0.0%4.2%-0.4%28.0K-720.1K-2.3K0.0091.44N/AN/A0014142
2019-04-10$95.26$94.0016.1%4.6%15.2%23.0%0.0%2.8%0.7%25.7K-764.2K-2.1K0.00112.24N/AN/A0514142
2019-04-11$94.98$93.0016.5%4.7%15.2%24.5%18.3%5.4%0.5%25.5K-731.8K-2.2K0.0092.55N/AN/A01014147
2019-04-12$94.92$93.0015.8%4.5%15.2%22.0%16.2%3.8%2.4%24.4K-733.6K-2.3K5.0096.42N/AN/A21014147
2019-04-15$94.30$93.0016.7%4.8%15.1%25.1%0.0%1.6%-0.1%23.6K-710.7K-2.2K0.0089.92N/AN/A0014347
2019-04-16$94.59$93.0015.5%4.4%15.1%20.7%13.8%4.5%-0.0%24.0K-700.7K-2.2K0.8291.82N/AN/A11914347
2019-04-17$93.55$93.0016.2%4.6%15.5%23.2%16.5%-4.2%-1.4%21.3K-648.9K-2.5K0.67107.54N/AN/A211415256
2019-04-18$93.10$93.0016.6%4.8%15.5%24.9%14.0%2.6%-0.4%15.8K-592.8K-2.5K0.6791.91N/AN/A211415761
2019-04-22$92.73$93.0016.4%4.7%9.3%24.1%15.1%5.4%-0.3%39.5K-569.7K-2.5K0.0089.41N/AN/A9014244
2019-04-23$94.56$93.0014.4%4.1%11.5%16.6%15.1%4.0%0.7%53.1K-687.5K-2.5K0.0099.66N/AN/A9015144
2019-04-24$94.62$93.0016.2%4.7%11.5%23.5%17.3%7.0%0.0%50.5K-725.0K-2.5K0.00102.94N/AN/A11015144
2019-04-25$94.02$93.0015.3%4.4%11.8%20.0%14.8%2.1%0.2%51.1K-698.0K-2.5K0.36104.96N/AN/A11415344
2019-04-26$94.99$93.0015.1%4.3%12.2%19.2%11.9%6.8%1.7%53.9K-740.6K-2.4K0.36111.11N/AN/A11415348
2019-04-29$95.68$93.0014.8%4.3%12.4%18.2%0.0%8.0%0.5%55.1K-806.7K-2.4K0.00110.58N/AN/A0015348
2019-04-30$94.49$93.0016.1%4.6%13.2%23.0%0.0%-1.3%-0.7%52.3K-790.8K-2.4K0.00109.70N/AN/A0015348