IWC Options History — December 2019

In December 2019, IWC traded between $93.46 and $100.30. ATM implied volatility averaged 14.4%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 3.4% (HV 20d: 11.0%). Max pain ranged from $89.00 to $93.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.12.

Notable Days

  • 2019-12-18: Highest Volume — 168 contracts
  • 2019-12-27: Largest IV spike — 15.9% change
  • 2019-12-03: Highest IV Rank — 20.6%
  • 2019-12-03: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$97.31$93.46$100.30$93.81$99.65
Max Pain$90.05$89.00$93.00$91.00$93.00
ATM IV14.4%11.7%17.2%16.4%13.7%
Expected Move4.2%3.3%4.9%4.7%3.9%
HV 20d11.0%9.3%12.2%10.8%9.3%
HV 60d13.3%11.4%15.2%15.2%11.4%
IV Rank9.4%0.0%20.6%17.1%10.6%
IV Percentile13.0%0.0%38.5%32.9%5.2%
Term Structure1.9%0.5%3.5%1.0%1.4%
VWIV14.2%10.3%16.9%13.3%13.7%
Skew 25d4.6%1.3%6.2%4.9%5.8%
Skew 10d11.2%7.9%14.5%7.9%13.6%
Call IV 25d12.8%10.6%16.0%14.6%12.1%
Put IV 25d17.4%14.3%22.2%19.5%17.9%
Bid-Ask Spread %70.5151.3591.9485.0676.11
Gamma HHI0.180.130.240.180.13
Net GEX96.7K55.9K155.7K60.4K129.0K
Net DEX-1.3M-2.2M-467.7K-467.7K-1.8M
Net VEX-3.9K-5.9K-2.4K-2.5K-5.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.001.000.130.00
Total Volume26.2860168362
Total OI310.429203469203366

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$93.81$91.0016.4%4.7%10.8%17.1%13.3%4.9%1.0%60.4K-467.7K-2.5K0.1385.06N/AN/A32412776
2019-12-03$93.46$91.0017.2%4.9%10.6%20.6%16.9%6.2%3.5%67.0K-481.7K-2.7K0.0089.10N/AN/A8014478
2019-12-04$94.30$91.0016.4%4.7%10.9%17.1%0.0%4.6%0.8%70.2K-563.5K-2.6K0.0091.94N/AN/A0014078
2019-12-05$94.12$89.0016.4%4.9%10.5%16.8%16.3%5.9%0.5%72.1K-541.4K-2.5K0.0051.35N/AN/A1014078
2019-12-06$95.38$89.0014.0%4.4%11.3%6.1%15.2%4.8%2.1%78.5K-688.0K-2.4K0.2456.86N/AN/A21513978
2019-12-09$95.94$89.0016.1%4.7%11.4%15.4%16.1%5.6%1.3%67.8K-724.3K-2.4K0.2562.30N/AN/A802013882
2019-12-10$96.10$89.0016.3%4.7%11.2%16.4%16.2%5.1%1.8%55.9K-808.3K-3.0K0.0053.38N/AN/A460168102
2019-12-11$96.34$89.0016.1%4.6%11.2%15.4%15.6%4.9%1.5%69.3K-889.8K-3.1K0.0056.10N/AN/A30178102
2019-12-12$97.51$89.0014.8%4.3%11.5%9.9%14.8%5.1%1.6%63.7K-1.0M-2.9K0.0061.83N/AN/A710176102
2019-12-13$96.80$89.0014.7%4.2%12.1%9.2%0.0%1.3%1.1%90.1K-1.2M-3.6K1.0077.88N/AN/A22215102
2019-12-16$97.65$89.0013.2%3.8%12.2%2.8%14.4%4.3%2.6%98.6K-1.3M-3.5K0.1375.92N/AN/A81213102
2019-12-17$98.03$89.0013.2%3.8%12.0%2.6%12.7%4.3%2.5%107.0K-1.4M-3.4K0.2970.23N/AN/A3510215103
2019-12-18$98.45$89.0013.3%3.8%11.9%2.9%0.0%4.2%3.1%110.4K-1.4M-3.6K0.0071.74N/AN/A1680218113
2019-12-19$98.73$89.0012.6%3.6%11.8%0.1%0.0%3.3%3.1%155.7K-2.1M-5.9K0.0072.32N/AN/A20356113
2019-12-20$98.92$89.0011.8%3.4%11.2%0.0%12.0%3.7%3.5%126.3K-2.2M-5.8K0.0073.36N/AN/A20356113
2019-12-23$99.64$89.0011.7%3.3%11.3%0.0%11.7%4.6%2.4%119.0K-1.8M-5.5K0.2072.08N/AN/A5129858
2019-12-24$99.90$89.0012.1%3.5%9.3%1.9%13.9%4.7%1.8%123.2K-1.8M-5.5K0.0072.80N/AN/A0230358
2019-12-26$100.30$93.0012.6%3.6%9.3%3.8%10.3%4.5%2.1%117.9K-1.9M-5.4K0.0066.12N/AN/A13030360
2019-12-27$99.38$93.0014.5%4.2%10.2%12.3%13.6%4.5%0.9%121.5K-1.7M-5.5K0.0070.40N/AN/A7030360
2019-12-30$99.15$93.0014.8%4.3%10.3%15.6%0.0%4.8%0.6%128.2K-1.7M-5.4K0.0073.92N/AN/A0130659
2019-12-31$99.65$93.0013.7%3.9%9.3%10.6%13.7%5.8%1.4%129.0K-1.8M-5.4K0.0076.11N/AN/A2030660