IWC Options History — May 2019

In May 2019, IWC traded between $88.22 and $96.90. ATM implied volatility averaged 21.5%, placing in the 43.5% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 3.5% (HV 20d: 18.0%). Max pain ranged from $86.00 to $93.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2019-05-14: Highest Volume — 57 contracts
  • 2019-05-07: Largest IV spike — 58.4% change
  • 2019-05-13: Highest IV Rank — 72.0%
  • 2019-05-09: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.89$88.22$96.90$94.27$88.22
Max Pain$87.18$86.00$93.00$93.00$87.00
ATM IV21.5%15.9%29.0%17.4%22.3%
Expected Move5.8%4.6%6.6%5.0%6.4%
HV 20d18.0%13.2%20.3%13.3%20.3%
HV 60d15.9%14.2%17.0%14.2%16.5%
IV Rank43.5%22.2%72.0%27.8%46.5%
IV Percentile72.0%51.2%94.0%61.1%73.4%
Term Structure-0.7%-3.0%1.8%-1.0%1.5%
VWIV20.4%15.5%26.6%21.0%20.9%
Skew 25d6.5%0.1%14.7%7.7%3.6%
Skew 10d8.6%1.3%15.6%2.2%6.1%
Call IV 25d16.3%10.2%21.4%10.3%21.4%
Put IV 25d22.8%16.3%29.3%18.0%25.0%
Bid-Ask Spread %97.2484.17117.43117.4397.21
Gamma HHI0.100.080.120.100.11
Net GEX49.4K38.5K61.4K52.3K38.5K
Net DEX-506.3K-898.5K-45.1K-731.1K-45.1K
Net VEX-2.5K-3.1K-2.0K-2.4K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.002.561.671.11
Total Volume12.045057523
Total OI220.364201230201230

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$94.27$93.0017.4%5.0%13.3%27.8%0.0%7.7%-1.0%52.3K-731.1K-2.4K0.00117.43N/AN/A0515348
2019-05-02$94.09$93.0018.0%5.2%13.2%30.3%0.0%0.1%-0.7%50.0K-691.5K-2.5K0.00111.47N/AN/A0515353
2019-05-03$96.08$93.0015.9%4.6%15.1%22.2%0.0%1.7%0.9%54.1K-806.5K-2.4K1.67105.03N/AN/A91515353
2019-05-06$96.90$86.0016.2%5.0%14.8%23.3%0.0%10.2%0.2%61.4K-898.5K-2.4K0.00103.27N/AN/A0015963
2019-05-07$94.76$86.0025.6%6.0%16.9%59.1%21.0%7.2%-1.5%46.4K-741.3K-2.9K0.0089.24N/AN/A0715963
2019-05-08$94.72$86.0024.5%5.9%16.6%54.6%22.1%14.7%1.2%44.8K-659.6K-3.1K0.0093.14N/AN/A0715970
2019-05-09$94.48$86.0028.2%6.6%16.2%68.7%22.1%7.6%-3.0%46.1K-571.2K-3.0K0.0084.17N/AN/A0715970
2019-05-10$94.47$86.0024.8%6.0%16.2%56.0%0.0%8.9%-2.2%50.5K-601.0K-2.9K0.00104.10N/AN/A0915970
2019-05-13$91.88$86.0029.0%6.5%18.9%72.0%26.6%8.6%-1.8%42.6K-437.8K-2.8K0.00100.03N/AN/A0115970
2019-05-14$93.19$86.0028.3%5.7%19.6%69.3%22.1%9.3%1.8%51.7K-469.9K-2.5K2.5690.67N/AN/A164115961
2019-05-15$93.64$86.0020.4%5.8%19.7%39.1%15.5%6.8%-1.5%55.1K-520.4K-2.5K0.2586.46N/AN/A4115961
2019-05-16$93.74$86.0020.1%5.7%19.3%38.0%17.1%6.8%-2.3%60.5K-609.5K-2.5K0.1393.44N/AN/A8116162
2019-05-17$92.75$86.0019.5%5.6%19.6%36.0%16.3%6.0%-2.4%46.6K-497.0K-2.5K0.7588.62N/AN/A8616462
2019-05-20$92.31$86.0020.0%5.7%19.6%37.6%21.0%10.0%0.4%43.6K-429.6K-2.4K0.00101.80N/AN/A9014957
2019-05-21$93.12$86.0019.2%5.5%18.5%34.8%20.0%7.0%-0.7%54.3K-521.7K-2.3K0.0095.71N/AN/A9015857
2019-05-22$92.56$86.0018.4%5.3%18.6%31.8%18.4%3.9%-0.4%53.6K-513.7K-2.3K0.0091.58N/AN/A9015857
2019-05-23$90.39$86.0021.5%6.2%20.2%43.5%19.8%2.9%-0.9%50.1K-338.5K-2.2K1.1191.35N/AN/A91015857
2019-05-24$91.35$87.0020.0%5.7%20.2%37.9%18.7%7.3%0.3%47.6K-314.7K-2.3K1.11102.08N/AN/A91015867
2019-05-28$90.88$87.0020.3%5.8%19.9%38.7%21.9%5.1%-0.3%47.8K-329.0K-2.2K0.0097.44N/AN/A0215867
2019-05-29$90.16$87.0022.4%6.4%19.7%46.8%21.7%4.9%-1.9%44.0K-220.4K-2.1K0.0094.69N/AN/A01015867
2019-05-30$89.63$87.0021.4%6.1%19.7%43.2%21.5%2.7%-0.8%44.4K-190.4K-2.1K0.00100.44N/AN/A01515872
2019-05-31$88.22$87.0022.3%6.4%20.3%46.5%20.9%3.6%1.5%38.5K-45.1K-2.0K0.0097.21N/AN/A02315872