IWC Options History — September 2019

In September 2019, IWC traded between $85.37 and $93.23. ATM implied volatility averaged 18.9%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded below realized volatility by 3.0% (HV 20d: 22.0%). Max pain ranged from $90.00 to $92.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.97.

Notable Days

  • 2019-09-23: Highest Volume — 23 contracts
  • 2019-09-24: Largest IV spike — 24.8% change
  • 2019-09-03: Highest IV Rank — 55.3%
  • 2019-09-03: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$90.08$85.37$93.23$85.37$88.35
Max Pain$90.80$90.00$92.00$90.00$90.00
ATM IV18.9%15.8%25.6%25.6%20.0%
Expected Move5.5%4.5%7.3%7.3%5.7%
HV 20d22.0%17.7%25.4%23.2%19.5%
HV 60d20.0%18.6%20.5%18.6%20.4%
IV Rank27.7%15.2%55.3%55.3%30.2%
IV Percentile45.5%18.3%86.1%86.1%52.4%
Term Structure0.3%-2.5%3.1%-2.2%-0.3%
VWIV19.2%14.6%24.9%24.9%19.4%
Skew 25d5.7%-0.2%12.7%6.5%5.8%
Skew 10d9.6%-3.9%17.3%17.3%12.1%
Call IV 25d16.0%9.7%21.1%21.1%16.3%
Put IV 25d21.6%16.7%27.6%27.6%22.0%
Bid-Ask Spread %88.7967.78115.1574.5481.78
Gamma HHI0.160.130.190.170.13
Net GEX9.0K-19.4K31.7K-17.4K10.4K
Net DEX49.2K-125.0K344.8K342.7K137.1K
Net VEX-1.3K-1.7K-976-1.0K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.004.250.501.20
Total Volume6.202360
Total OI158.55112194151154

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$85.37$90.0025.6%7.3%23.2%55.3%24.9%6.5%-2.2%-17.4K342.7K-1.0K0.5074.54N/AN/A427279
2019-09-04$85.67$90.0021.5%6.2%23.1%38.8%0.0%6.8%-0.1%-19.4K344.8K-1.0K0.0078.10N/AN/A007681
2019-09-05$87.62$92.0018.2%5.4%24.6%25.0%0.0%6.9%0.9%-15.7K253.4K-1.1K0.0072.27N/AN/A007681
2019-09-06$87.44$92.0019.1%5.8%23.5%28.8%0.0%6.7%-0.6%-17.0K236.1K-1.1K0.00110.47N/AN/A007681
2019-09-09$88.49$92.0017.6%5.8%23.6%22.9%0.0%12.7%-0.1%-15.5K154.4K-1.0K0.00108.85N/AN/A007674
2019-09-10$90.38$92.0018.3%5.5%24.2%25.7%0.0%2.2%-0.4%-2.3K78.8K-1.0K0.00108.29N/AN/A027674
2019-09-11$92.66$92.0017.6%5.0%25.4%22.5%0.0%7.3%0.3%14.3K-69.3K-9764.25110.06N/AN/A4178075
2019-09-12$92.91$92.0016.6%4.8%23.3%18.5%14.6%-0.2%3.0%11.6K-56.3K-1.2K2.40115.15N/AN/A5128089
2019-09-13$93.17$92.0017.2%4.9%22.7%21.2%0.0%4.6%-2.5%20.0K-101.4K-1.2K0.0096.47N/AN/A008583
2019-09-16$93.23$92.0019.1%5.5%21.7%28.9%18.6%7.0%-0.6%18.1K-86.2K-1.2K0.3393.62N/AN/A1558582
2019-09-17$92.76$90.0015.8%4.5%21.8%15.2%0.0%3.1%3.1%22.8K-121.0K-1.4K0.0091.29N/AN/A1010084
2019-09-18$92.04$90.0018.9%5.4%21.9%27.9%0.0%8.8%1.3%20.5K-92.0K-1.3K0.00105.67N/AN/A10010084
2019-09-19$91.59$90.0018.0%5.1%22.0%24.2%0.0%3.2%1.2%19.7K-125.0K-1.5K0.00101.11N/AN/A0011084
2019-09-20$91.29$90.0017.7%5.1%22.0%23.2%0.0%4.5%1.7%18.2K-39.3K-1.5K0.0074.91N/AN/A0010584
2019-09-23$91.51$90.0016.4%4.7%17.7%17.9%18.7%4.2%1.3%21.7K-8.1K-1.4K0.0571.93N/AN/A2215953
2019-09-24$89.39$90.0020.5%5.9%20.0%33.3%0.0%4.6%-0.1%20.9K33.0K-1.6K0.0071.11N/AN/A908154
2019-09-25$90.36$90.0019.3%5.5%19.3%28.4%0.0%5.8%-0.4%31.7K-33.3K-1.7K0.0069.56N/AN/A009054
2019-09-26$89.05$90.0020.0%5.7%20.1%31.3%19.4%6.0%0.1%22.6K40.3K-1.6K1.2067.78N/AN/A569054
2019-09-27$88.38$90.0021.1%6.1%19.7%35.0%0.0%6.7%0.1%15.0K95.2K-1.6K0.0072.91N/AN/A049060
2019-09-30$88.35$90.0020.0%5.7%19.5%30.2%0.0%5.8%-0.3%10.4K137.1K-1.5K0.0081.78N/AN/A009064