IWC Options History — June 2019

In June 2019, IWC traded between $88.19 and $93.03. ATM implied volatility averaged 19.2%, placing in the 34.8% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 2.8% (HV 20d: 16.4%). Max pain ranged from $87.00 to $92.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 2.33.

Notable Days

2019-06-06: Highest Volume — 46 contracts
2019-06-18: Largest IV drop — 12.0% change
2019-06-03: Highest IV Rank — 46.2%
2019-06-03: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$90.71	$88.19	$93.03	$88.19	$93.03
Max Pain	$89.74	$87.00	$92.00	$87.00	$92.00
ATM IV	19.2%	17.6%	22.2%	22.2%	18.0%
Expected Move	5.5%	5.1%	6.4%	6.4%	5.2%
HV 20d	16.4%	13.4%	20.2%	18.2%	13.7%
HV 60d	16.3%	15.4%	17.1%	16.4%	16.3%
IV Rank	34.8%	28.8%	46.2%	46.2%	30.3%
IV Percentile	58.3%	48.8%	73.0%	73.0%	50.4%
Term Structure	0.0%	-1.1%	1.0%	0.7%	-0.6%
VWIV	19.9%	16.8%	21.7%	19.5%	21.2%
Skew 25d	4.4%	-3.9%	7.3%	5.5%	3.5%
Skew 10d	7.8%	0.5%	13.6%	6.1%	11.0%
Call IV 25d	16.7%	13.8%	20.0%	20.0%	16.7%
Put IV 25d	21.1%	15.2%	25.5%	25.5%	20.2%
Bid-Ask Spread %	89.31	64.68	117.62	103.76	84.96
Gamma HHI	0.14	0.11	0.23	0.12	0.16
Net GEX	23.3K	-18.2K	46.7K	35.0K	-11.6K
Net DEX	-90.7K	-452.0K	260.2K	28.7K	165.4K
Net VEX	-1.6K	-2.1K	-1.3K	-1.8K	-1.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.33	0.00	8.20	0.00	1.78
Total Volume	16.2	0	46	0	25
Total OI	218.7	100	270	236	117

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2019-06-03	$88.19	$87.00	22.2%	6.4%	18.2%	46.2%	0.0%	5.5%	0.7%	35.0K	28.7K	-1.8K	0.00	103.76	N/A	N/A	0	0	158	78
2019-06-04	$90.22	$87.00	20.4%	5.8%	20.2%	39.3%	19.5%	6.4%	1.0%	46.7K	-150.6K	-1.9K	0.00	100.17	N/A	N/A	5	0	158	78
2019-06-05	$89.88	$87.00	21.2%	6.1%	18.9%	42.4%	21.7%	7.3%	0.0%	43.2K	-175.4K	-2.0K	0.00	103.44	N/A	N/A	5	0	158	78
2019-06-06	$89.36	$0.00	19.8%	5.8%	18.9%	37.0%	21.3%	4.2%	-0.8%	42.3K	-81.3K	-1.8K	8.20	85.10	N/A	N/A	5	41	158	78
2019-06-07	$90.17	$88.00	20.3%	5.5%	19.4%	38.9%	20.1%	5.8%	0.1%	36.0K	-96.0K	-2.1K	8.20	69.83	N/A	N/A	5	41	158	99
2019-06-10	$90.55	$88.00	19.5%	5.3%	19.5%	35.8%	0.0%	6.1%	-0.1%	36.7K	-168.2K	-1.9K	2.00	64.68	N/A	N/A	5	10	158	99
2019-06-11	$90.01	$88.00	20.3%	5.5%	17.1%	38.9%	0.0%	5.9%	-0.2%	37.1K	-84.6K	-1.9K	2.00	74.70	N/A	N/A	5	10	163	104
2019-06-12	$90.15	$88.00	19.0%	5.4%	16.2%	34.0%	0.0%	5.4%	0.2%	32.1K	-71.8K	-1.8K	2.00	72.93	N/A	N/A	5	10	158	104
2019-06-13	$90.97	$88.00	19.4%	5.6%	16.5%	35.7%	0.0%	3.9%	-0.7%	34.0K	-210.6K	-1.8K	2.00	71.79	N/A	N/A	5	10	158	104
2019-06-14	$90.73	$88.00	18.4%	5.3%	16.4%	31.6%	0.0%	5.7%	0.4%	36.2K	-158.3K	-1.7K	1.43	64.79	N/A	N/A	7	10	158	104
2019-06-17	$90.95	$88.00	20.3%	5.8%	16.1%	39.0%	20.2%	6.3%	-1.1%	26.0K	-219.3K	-1.6K	0.00	98.81	N/A	N/A	0	2	158	104
2019-06-18	$91.67	$92.00	17.9%	5.1%	16.4%	29.7%	20.4%	6.2%	0.9%	33.2K	-314.5K	-1.5K	1.50	97.49	N/A	N/A	4	6	158	106
2019-06-19	$92.08	$92.00	17.7%	5.1%	16.1%	29.0%	17.5%	2.4%	0.4%	34.2K	-418.2K	-1.6K	1.50	117.62	N/A	N/A	4	6	162	108
2019-06-20	$92.20	$92.00	17.8%	5.1%	16.0%	29.3%	16.8%	2.9%	0.3%	33.7K	-452.0K	-1.5K	1.75	99.38	N/A	N/A	4	7	162	108
2019-06-21	$91.61	$92.00	17.6%	5.1%	13.6%	28.8%	18.5%	2.3%	0.3%	34.1K	-344.3K	-1.3K	0.20	100.82	N/A	N/A	35	7	162	108
2019-06-24	$90.60	$92.00	17.8%	5.1%	13.7%	29.5%	0.0%	-3.9%	0.9%	-14.1K	198.3K	-1.4K	0.00	107.10	N/A	N/A	0	5	30	70
2019-06-25	$90.24	$92.00	18.8%	5.4%	13.7%	33.2%	0.0%	2.7%	-0.9%	-16.4K	242.5K	-1.3K	0.00	99.33	N/A	N/A	0	6	30	70
2019-06-26	$90.15	$92.00	19.3%	5.5%	13.4%	35.0%	21.4%	4.6%	-0.8%	-18.2K	260.2K	-1.3K	1.80	78.99	N/A	N/A	5	9	30	71
2019-06-27	$91.49	$92.00	18.4%	5.3%	14.2%	31.5%	20.6%	4.3%	-0.1%	-15.1K	235.3K	-1.3K	3.00	90.47	N/A	N/A	5	15	35	74
2019-06-28	$93.03	$92.00	18.0%	5.2%	13.7%	30.3%	21.2%	3.5%	-0.6%	-11.6K	165.4K	-1.6K	1.78	84.96	N/A	N/A	9	16	37	80