IWC Options History — August 2019

In August 2019, IWC traded between $84.45 and $91.04. ATM implied volatility averaged 22.6%, placing in the 45.5% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 0.5% (HV 20d: 22.2%). Max pain ranged from $92.00 to $95.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.15.

Notable Days

  • 2019-08-20: Highest Volume — 20 contracts
  • 2019-08-05: Largest IV spike — 60.7% change
  • 2019-08-05: Highest IV Rank — 77.2%
  • 2019-08-27: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$87.07$84.45$91.04$91.04$86.15
Max Pain$93.27$92.00$95.00$92.00$92.00
ATM IV22.6%18.0%30.4%21.1%22.2%
Expected Move6.3%5.4%7.4%6.0%6.4%
HV 20d22.2%15.2%25.7%15.2%25.4%
HV 60d17.5%15.8%18.8%15.8%18.6%
IV Rank45.5%30.3%77.2%41.9%41.6%
IV Percentile71.8%47.6%95.6%69.8%68.7%
Term Structure-1.4%-7.8%1.5%-2.1%-0.5%
VWIV21.9%15.3%24.7%15.3%21.7%
Skew 25d6.8%1.8%11.7%1.8%7.4%
Skew 10d11.0%0.9%23.5%2.7%12.5%
Call IV 25d17.9%11.2%21.7%17.1%18.0%
Put IV 25d24.6%18.9%28.3%18.9%25.5%
Bid-Ask Spread %84.2157.64112.48102.1777.47
Gamma HHI0.110.080.160.130.15
Net GEX-12.3K-18.5K-4.8K-4.8K-15.8K
Net DEX312.1K200.8K411.0K214.1K320.0K
Net VEX-958-1.2K-749-1.1K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.150.000.670.220.00
Total Volume4.545020111
Total OI126.636111150112150

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$91.04$92.0021.1%6.0%15.2%41.9%15.3%1.8%-2.1%-4.8K214.1K-1.1K0.22102.17N/AN/A925161
2019-08-02$89.67$92.0018.9%5.4%15.9%33.7%0.0%11.7%1.5%-9.3K274.8K-9470.00102.93N/AN/A025161
2019-08-05$86.94$95.0030.4%7.0%18.9%77.2%24.7%6.3%-2.5%-9.0K333.2K-8590.0057.64N/AN/A0125061
2019-08-06$87.42$95.0025.2%6.5%19.1%57.5%17.5%8.8%-1.9%-12.6K347.3K-8690.0070.04N/AN/A605064
2019-08-07$87.33$95.0025.1%6.6%19.0%56.9%0.0%7.9%-2.3%-13.0K345.9K-8940.0071.12N/AN/A005064
2019-08-08$89.03$95.0018.0%5.7%20.6%30.3%0.0%6.7%-0.5%-15.7K322.6K-8730.0073.30N/AN/A005064
2019-08-09$88.01$95.0021.3%5.9%20.3%42.5%20.2%7.2%-1.1%-15.4K339.1K-8880.0077.74N/AN/A065064
2019-08-12$86.97$95.0027.4%6.7%20.4%63.8%24.7%8.3%-1.5%-13.4K362.5K-7490.0074.40N/AN/A0135064
2019-08-13$87.90$95.0020.3%6.0%20.9%35.3%0.0%7.1%-0.2%-18.5K372.8K-8350.0079.86N/AN/A015072
2019-08-14$85.78$95.0024.7%7.1%22.3%53.0%23.3%5.9%-3.5%-14.9K389.5K-9080.67100.50N/AN/A645072
2019-08-15$84.91$94.0024.5%7.0%22.4%52.2%23.8%7.7%-1.3%-12.4K411.0K-7740.0087.68N/AN/A035674
2019-08-16$86.83$94.0020.8%6.0%24.3%37.3%0.0%8.3%0.8%-17.4K379.2K-9170.0092.29N/AN/A045674
2019-08-19$87.79$92.0021.0%6.0%24.7%38.1%0.0%2.6%-7.8%-10.9K249.6K-9330.0095.47N/AN/A105165
2019-08-20$87.35$92.0020.4%5.9%24.7%35.7%0.0%5.3%-0.7%-12.3K260.4K-8740.0090.48N/AN/A2005265
2019-08-21$87.92$92.0019.1%5.5%23.8%30.6%0.0%9.4%0.2%-5.8K201.9K-1.2K0.00112.48N/AN/A007165
2019-08-22$87.61$92.0019.6%5.6%23.3%32.3%0.0%4.4%0.2%-5.6K200.8K-1.1K0.0096.55N/AN/A007165
2019-08-23$84.76$92.0023.6%6.8%24.9%48.6%0.0%3.9%-4.3%-7.1K253.9K-1.0K0.00109.72N/AN/A007165
2019-08-26$85.58$92.0022.9%6.6%25.4%45.9%23.6%6.2%0.6%-10.7K298.5K-1.1K0.0065.66N/AN/A067171
2019-08-27$84.45$92.0025.9%7.4%25.1%57.6%24.3%7.6%-2.5%-15.3K367.7K-1.0K0.0069.91N/AN/A027177
2019-08-28$85.39$92.0024.4%7.0%25.7%51.6%0.0%8.4%-0.8%-14.9K334.1K-1.1K0.0070.95N/AN/A007177
2019-08-29$86.75$92.0021.1%6.0%25.7%37.5%0.0%6.5%-0.1%-14.8K287.3K-1.1K0.0074.34N/AN/A027177
2019-08-30$86.15$92.0022.2%6.4%25.4%41.6%21.7%7.4%-0.5%-15.8K320.0K-1.1K0.0077.47N/AN/A107179