IWC Options History — October 2019

In October 2019, IWC traded between $85.46 and $91.06. ATM implied volatility averaged 19.0%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 2.1% (HV 20d: 16.9%). Max pain ranged from $87.00 to $90.00. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.53.

Notable Days

  • 2019-10-22: Highest Volume — 19 contracts
  • 2019-10-30: Largest IV spike — 63.1% change
  • 2019-10-30: Highest IV Rank — 54.4%
  • 2019-10-30: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.06$85.46$91.06$86.38$90.22
Max Pain$89.35$87.00$90.00$90.00$90.00
ATM IV19.0%15.0%25.0%22.1%19.0%
Expected Move5.5%4.3%7.2%6.3%5.4%
HV 20d16.9%12.5%21.2%21.0%12.8%
HV 60d20.8%19.3%21.6%20.9%19.4%
IV Rank26.2%9.1%54.4%38.9%27.3%
IV Percentile41.8%7.5%84.5%67.5%46.0%
Term Structure0.0%-7.1%4.0%-0.2%-0.1%
VWIV20.3%11.2%27.1%23.6%19.7%
Skew 25d6.4%-1.6%13.1%6.1%2.2%
Skew 10d9.5%-5.7%18.7%16.5%2.2%
Call IV 25d15.2%8.6%21.6%18.9%12.2%
Put IV 25d21.6%14.4%27.4%24.9%14.4%
Bid-Ask Spread %95.1472.50139.9476.01127.96
Gamma HHI0.150.120.220.120.20
Net GEX8.0K-1.7K29.7K82124.6K
Net DEX38.4K-184.2K237.9K209.1K-146.7K
Net VEX-1.4K-2.0K-1.1K-1.3K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.003.000.000.00
Total Volume3.69601905
Total OI148.87126160154160

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-10-01$86.38$90.0022.1%6.3%21.0%38.9%0.0%6.1%-0.2%821209.1K-1.3K0.0076.01N/AN/A009064
2019-10-02$85.68$90.0022.9%6.6%21.2%42.5%23.6%5.6%-0.0%-345228.6K-1.3K0.0078.29N/AN/A049064
2019-10-03$85.64$90.0023.2%6.4%19.4%43.5%0.0%11.8%-0.2%-1.5K237.9K-1.3K0.00108.83N/AN/A029065
2019-10-04$86.41$90.0021.4%6.3%19.7%36.1%0.0%8.8%-0.7%-961224.7K-1.2K0.0081.83N/AN/A029065
2019-10-07$86.65$90.0020.2%6.0%19.2%31.1%11.2%7.0%0.1%818105.6K-1.2K0.0084.52N/AN/A309051
2019-10-08$85.46$90.0020.6%6.5%17.8%32.6%0.0%4.0%-0.6%-1.0K132.3K-1.1K0.0087.17N/AN/A029351
2019-10-09$85.49$90.0023.3%6.7%14.6%44.3%0.0%8.0%-1.7%-1.2K130.0K-1.1K0.00110.00N/AN/A009351
2019-10-10$85.71$90.0022.4%6.4%14.6%40.2%23.7%13.1%-1.0%-1.7K134.0K-1.1K0.0098.84N/AN/A029351
2019-10-11$87.31$90.0018.8%5.4%16.5%24.8%27.1%9.3%1.1%-12100.2K-1.1K0.2584.92N/AN/A419353
2019-10-14$86.44$90.0019.1%5.5%16.6%26.5%19.2%5.8%4.0%1.5K99.2K-1.2K0.0091.84N/AN/A309752
2019-10-15$87.56$87.0017.4%5.0%17.6%19.2%20.1%5.2%0.7%-84396.7K-1.1K0.0080.51N/AN/A059852
2019-10-16$87.82$87.0018.1%5.2%17.6%22.0%0.0%6.2%0.9%44788.0K-1.1K0.0072.50N/AN/A049851
2019-10-17$88.66$87.0016.8%4.8%18.1%16.6%20.6%5.4%0.4%4.3K50.2K-1.2K0.0078.73N/AN/A049853
2019-10-18$88.35$87.0017.6%5.1%18.1%20.1%19.9%6.1%-0.0%5.2K60.0K-1.1K3.0079.31N/AN/A269854
2019-10-21$89.60$87.0016.2%4.6%18.9%13.9%17.1%4.2%1.5%9.6K-174-1.2K0.2084.28N/AN/A517056
2019-10-22$89.68$90.0015.8%4.5%16.9%12.5%0.0%4.3%1.6%12.2K-18.4K-1.3K0.0076.44N/AN/A1907557
2019-10-23$89.81$90.0015.0%4.3%16.5%9.1%0.0%4.5%1.6%17.8K-109.7K-1.8K0.0096.27N/AN/A009357
2019-10-24$89.54$90.0015.9%4.6%15.6%12.8%0.0%5.8%0.7%14.9K-96.4K-1.7K0.0093.95N/AN/A009357
2019-10-25$90.24$90.0015.8%4.5%15.6%12.4%0.0%8.4%-1.0%20.1K-127.7K-1.7K0.00120.07N/AN/A009357
2019-10-28$90.92$90.0015.4%4.4%15.7%10.7%0.0%9.0%-0.4%23.9K-160.3K-1.7K0.80113.86N/AN/A549357
2019-10-29$91.06$90.0015.3%4.4%12.9%10.2%0.0%7.3%1.0%29.7K-169.0K-1.9K0.00122.10N/AN/A009861
2019-10-30$90.75$90.0025.0%7.2%12.5%54.4%20.8%-1.6%-7.1%24.9K-184.2K-2.0K0.00139.94N/AN/A209861
2019-10-31$90.22$90.0019.0%5.4%12.8%27.3%19.7%2.2%-0.1%24.6K-146.7K-1.9K0.00127.96N/AN/A059961