IWC Options History — November 2019

In November 2019, IWC traded between $91.72 and $94.76. ATM implied volatility averaged 15.2%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 3.7% (HV 20d: 11.5%). Max pain ranged from $87.00 to $91.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.13.

Notable Days

  • 2019-11-19: Highest Volume — 31 contracts
  • 2019-11-04: Largest IV spike — 37.5% change
  • 2019-11-08: Highest IV Rank — 22.1%
  • 2019-11-08: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.63$91.72$94.76$91.90$94.76
Max Pain$90.80$87.00$91.00$87.00$91.00
ATM IV15.2%12.6%17.6%12.6%13.6%
Expected Move4.4%3.6%4.8%3.6%3.9%
HV 20d11.5%9.6%14.0%13.9%11.6%
HV 60d17.1%15.0%19.3%19.3%15.0%
IV Rank11.5%0.0%22.1%0.0%4.5%
IV Percentile13.5%0.0%34.9%0.0%1.6%
Term Structure1.1%-4.9%5.0%5.0%1.1%
VWIV14.4%11.4%18.8%14.4%12.6%
Skew 25d4.8%0.1%7.3%4.5%4.3%
Skew 10d9.1%0.2%16.2%5.2%8.3%
Call IV 25d13.6%11.4%19.3%13.4%12.3%
Put IV 25d18.3%15.9%23.6%18.0%16.6%
Bid-Ask Spread %92.4372.29122.30122.3082.70
Gamma HHI0.250.190.340.260.19
Net GEX40.6K18.0K64.2K36.1K64.2K
Net DEX-274.7K-567.2K-140.5K-204.4K-567.2K
Net VEX-1.9K-2.5K-1.7K-1.8K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.007.000.000.00
Total Volume5.5503110
Total OI165.1124203163203

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-11-01$91.90$87.0012.6%3.6%13.9%0.0%0.0%4.5%5.0%36.1K-204.4K-1.8K0.00122.30N/AN/A109964
2019-11-04$92.62$91.0017.3%4.8%14.0%21.0%14.4%7.2%0.0%48.0K-276.7K-1.9K0.00102.60N/AN/A3010064
2019-11-05$93.03$91.0016.6%4.7%12.4%17.7%0.0%5.2%0.3%55.9K-329.1K-1.9K0.00104.87N/AN/A0010164
2019-11-06$92.24$91.0016.0%4.7%13.2%14.9%0.0%7.3%2.3%46.2K-257.0K-1.8K0.00110.25N/AN/A0010164
2019-11-07$92.11$91.0016.4%4.8%13.3%16.9%0.0%4.4%1.4%44.6K-285.6K-1.8K0.00113.63N/AN/A0410164
2019-11-08$92.35$91.0017.6%4.8%12.1%22.1%0.0%0.1%0.8%41.6K-246.7K-1.8K0.00116.96N/AN/A0510164
2019-11-11$92.09$91.0015.1%4.5%11.3%11.1%0.0%5.5%1.5%38.2K-190.2K-1.9K0.0083.96N/AN/A0410169
2019-11-12$92.29$91.0015.0%4.7%10.7%10.6%0.0%5.4%1.8%41.7K-206.7K-1.8K0.0084.48N/AN/A0510169
2019-11-13$91.97$91.0016.0%4.6%10.9%15.0%0.0%4.8%1.5%33.4K-176.4K-1.8K0.0081.23N/AN/A0210165
2019-11-14$91.94$91.0016.0%4.6%10.6%15.0%0.0%5.6%2.7%29.9K-165.7K-1.8K0.0083.45N/AN/A0010167
2019-11-15$92.04$91.0015.0%4.3%10.4%10.7%13.6%5.0%2.6%18.0K-165.6K-1.8K0.0080.56N/AN/A2010167
2019-11-18$91.72$91.0014.6%4.2%9.6%8.9%16.0%5.2%-0.3%18.6K-140.5K-1.7K2.0083.81N/AN/A246757
2019-11-19$92.42$91.0015.2%4.4%9.8%11.7%12.9%4.8%0.6%21.5K-176.8K-1.7K0.0085.36N/AN/A3106960
2019-11-20$92.37$91.0016.1%4.6%9.9%15.4%0.0%4.3%-4.9%36.1K-253.4K-2.1K0.00121.33N/AN/A019860
2019-11-21$91.76$91.0015.2%4.3%10.2%11.4%0.0%4.9%1.3%34.0K-212.4K-2.0K0.0072.29N/AN/A019861
2019-11-22$92.04$91.0015.0%4.3%9.9%10.6%15.4%5.4%0.7%36.7K-226.0K-2.0K0.0773.11N/AN/A1519862
2019-11-25$94.02$91.0014.2%4.1%12.1%7.2%18.8%4.0%0.8%55.7K-452.7K-2.2K0.0080.05N/AN/A0111361
2019-11-26$94.17$91.0013.4%3.8%12.1%3.4%11.4%3.8%2.2%55.7K-462.5K-2.2K7.0083.83N/AN/A21411362
2019-11-27$94.69$91.0012.9%3.7%12.0%1.3%12.6%4.0%1.0%55.8K-498.5K-2.3K0.0081.75N/AN/A13011576
2019-11-29$94.76$91.0013.6%3.9%11.6%4.5%0.0%4.3%1.1%64.2K-567.2K-2.5K0.0082.70N/AN/A0012776