IWC Options History — July 2019

In July 2019, IWC traded between $91.03 and $93.72. ATM implied volatility averaged 15.4%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 2.3% (HV 20d: 13.1%). Max pain ranged from $92.00 to $94.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 1.36.

Notable Days

  • 2019-07-26: Highest Volume — 14 contracts
  • 2019-07-08: Largest IV spike — 17.1% change
  • 2019-07-31: Highest IV Rank — 29.6%
  • 2019-07-31: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.58$91.03$93.72$93.72$93.04
Max Pain$93.00$92.00$94.00$92.00$92.00
ATM IV15.4%12.9%17.8%15.0%17.8%
Expected Move4.5%4.1%5.1%4.3%5.1%
HV 20d13.1%12.1%15.0%13.8%13.4%
HV 60d16.1%15.6%16.4%16.3%15.8%
IV Rank20.5%10.9%29.6%18.7%29.6%
IV Percentile30.8%11.5%49.2%27.4%49.2%
Term Structure0.6%-1.4%2.5%0.9%-1.4%
VWIV16.9%12.7%20.2%14.9%16.4%
Skew 25d3.7%2.4%5.8%3.4%2.8%
Skew 10d8.2%-0.4%14.5%8.1%4.6%
Call IV 25d14.0%12.5%16.4%13.9%16.4%
Put IV 25d17.7%15.9%19.5%17.3%19.1%
Bid-Ask Spread %86.7361.10106.0486.13100.93
Gamma HHI0.130.120.160.150.13
Net GEX-7.6K-13.9K-3.1K-7.5K-3.4K
Net DEX166.4K114.8K231.8K114.8K159.3K
Net VEX-1.3K-1.6K-1.1K-1.6K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.222.502.500.22
Total Volume5.136014011
Total OI115.95598127120104

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$93.72$92.0015.0%4.3%13.8%18.7%0.0%3.4%0.9%-7.5K114.8K-1.6K0.0086.13N/AN/A004179
2019-07-02$92.67$92.0014.1%4.1%12.5%15.6%0.0%3.9%1.1%-12.2K166.8K-1.5K0.0086.85N/AN/A024179
2019-07-03$93.40$92.0014.2%4.1%12.6%15.8%0.0%3.2%1.4%-10.0K137.7K-1.5K0.0084.74N/AN/A024181
2019-07-05$93.56$94.0012.9%4.3%12.3%10.9%14.9%4.2%1.5%-7.2K139.2K-1.5K0.0079.83N/AN/A024181
2019-07-08$92.92$94.0015.1%4.7%12.4%19.2%0.0%4.6%0.5%-10.6K157.9K-1.4K0.0068.52N/AN/A004181
2019-07-09$92.98$94.0015.8%4.8%12.4%22.0%0.0%5.2%0.5%-10.0K147.5K-1.4K0.0061.10N/AN/A014181
2019-07-10$93.18$94.0016.0%4.6%12.1%22.5%20.0%4.2%0.2%-6.0K137.4K-1.4K0.0069.16N/AN/A024181
2019-07-11$92.60$94.0015.7%4.5%12.4%21.5%18.1%3.3%0.6%-8.5K133.9K-1.4K0.0095.93N/AN/A034181
2019-07-12$93.51$94.0014.8%4.2%12.5%18.2%15.1%5.0%0.4%-4.6K143.0K-1.4K2.5097.71N/AN/A254182
2019-07-15$92.57$94.0014.9%4.3%13.0%18.6%0.0%3.3%1.4%-5.7K132.8K-1.4K0.0098.19N/AN/A024382
2019-07-16$92.78$94.0014.5%4.2%13.0%17.0%0.0%3.5%2.5%-4.6K140.4K-1.3K0.00106.04N/AN/A024380
2019-07-17$92.12$94.0015.6%4.5%13.1%21.2%12.7%2.4%1.4%-5.5K152.8K-1.2K0.0094.18N/AN/A084380
2019-07-18$91.79$94.0016.3%4.7%13.0%23.7%18.9%3.1%1.5%-12.1K195.4K-1.3K0.0099.16N/AN/A084384
2019-07-19$91.50$94.0016.5%4.7%13.1%24.7%20.2%5.8%-0.3%-13.9K208.2K-1.2K0.0097.01N/AN/A094384
2019-07-22$91.03$92.0016.4%4.7%13.0%24.2%17.2%4.1%0.6%-4.7K205.2K-1.1K0.0080.40N/AN/A094355
2019-07-23$91.15$92.0015.8%4.5%12.4%21.7%16.3%3.8%-0.3%-9.1K231.8K-1.2K0.0076.25N/AN/A094362
2019-07-24$92.83$92.0014.4%4.1%13.8%16.6%16.1%2.8%0.6%-6.8K192.6K-1.2K0.0090.09N/AN/A0104363
2019-07-25$91.44$92.0015.9%4.5%15.0%22.1%16.8%4.0%0.4%-9.6K230.2K-1.2K0.0082.38N/AN/A0104363
2019-07-26$92.73$92.0014.7%4.2%14.9%17.8%17.1%3.0%-0.4%-5.7K181.7K-1.2K0.0086.63N/AN/A0144363
2019-07-29$92.12$92.0015.9%4.6%13.8%22.4%0.0%3.4%0.4%-6.4K197.9K-1.1K0.0084.57N/AN/A004360
2019-07-30$93.03$92.0017.1%4.9%14.0%26.9%0.0%2.6%-0.7%-3.1K154.4K-1.2K0.0082.25N/AN/A024360
2019-07-31$93.04$92.0017.8%5.1%13.4%29.6%16.4%2.8%-1.4%-3.4K159.3K-1.2K0.22100.93N/AN/A924361