IWC Options History — April 2020

In April 2020, IWC traded between $60.31 and $81.20. ATM implied volatility averaged 51.1%, placing in the 54.8% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded below realized volatility by 21.7% (HV 20d: 72.7%). Max pain ranged from $66.00 to $86.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.94.

Notable Days

  • 2020-04-29: Highest Volume — 54 contracts
  • 2020-04-08: Largest IV drop — 23.3% change
  • 2020-04-01: Highest IV Rank — 78.2%
  • 2020-04-01: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.12$60.31$81.20$62.36$77.86
Max Pain$70.48$66.00$86.00$86.00$75.00
ATM IV51.1%38.0%67.8%67.8%44.6%
Expected Move14.1%10.9%19.5%19.5%12.8%
HV 20d72.7%50.4%97.0%96.0%51.6%
HV 60d63.2%58.7%66.8%58.7%66.8%
IV Rank54.8%36.6%78.2%78.2%45.8%
IV Percentile90.7%84.9%97.2%97.2%87.3%
Term Structure-4.9%-11.3%6.9%-9.2%-5.1%
VWIV49.3%37.6%81.0%81.0%45.6%
Skew 25d16.2%4.0%28.9%27.1%8.2%
Skew 10d28.8%0.3%45.8%43.4%21.7%
Call IV 25d40.5%24.8%48.5%48.5%40.7%
Put IV 25d56.7%42.9%75.5%75.5%48.9%
Bid-Ask Spread %72.5650.3396.0696.0679.69
Gamma HHI0.110.080.180.130.13
Net GEX-2.0K-6.3K11.0K-2.6K-6.2K
Net DEX258.2K-40.1K375.2K312.4K318.2K
Net VEX-1.2K-2.6K-703-788-2.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.940.006.006.000.33
Total Volume8.76205475
Total OI500.429453565453565

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$62.36$86.0067.8%19.5%96.0%78.2%81.0%27.1%-9.2%-2.6K312.4K-7886.0096.06N/AN/A1636192
2020-04-02$62.20$66.0066.1%16.4%95.9%75.8%0.0%19.5%-4.8%-5.8K359.3K-7031.2054.50N/AN/A1012362106
2020-04-03$60.31$66.0061.4%15.9%96.0%69.2%50.2%14.3%-5.0%-6.3K375.2K-9210.0061.61N/AN/A013372116
2020-04-06$64.79$66.0053.2%13.6%97.0%57.8%37.6%18.9%-4.7%-5.3K339.9K-8972.5054.67N/AN/A25384114
2020-04-07$65.21$66.0065.0%14.3%97.0%74.2%0.0%15.7%-6.6%-5.0K311.6K-1.1K0.0055.89N/AN/A00386119
2020-04-08$67.73$66.0049.9%14.3%96.8%53.2%0.0%18.0%-11.3%-3.4K293.1K-1.1K0.0050.33N/AN/A00387119
2020-04-09$71.39$66.0051.0%14.6%90.1%54.7%54.7%28.9%-9.2%-801226.0K-1.2K0.5758.59N/AN/A74387119
2020-04-13$70.33$66.0050.5%14.5%89.9%54.0%0.0%17.1%-6.7%-2.1K268.4K-1.1K0.0057.62N/AN/A07381122
2020-04-14$71.61$66.0047.3%13.5%80.1%49.5%0.0%13.4%-2.6%573233.1K-1.3K0.0063.05N/AN/A00381120
2020-04-15$68.93$66.0051.7%14.8%81.1%55.7%0.0%15.3%-7.3%-1.9K279.9K-1.1K0.0064.68N/AN/A00381120
2020-04-16$67.76$66.0055.6%16.0%66.3%61.2%53.1%11.8%-10.2%-1.8K293.1K-1.0K0.0069.16N/AN/A01381120
2020-04-17$71.33$67.0052.1%14.9%60.7%56.2%56.4%22.2%-5.1%71253.8K-1.2K1.2577.31N/AN/A810381121
2020-04-20$70.72$67.0055.7%16.0%59.1%61.3%51.1%15.7%-7.4%-841224.1K-1.2K2.5071.68N/AN/A615381104
2020-04-21$69.99$75.0055.9%16.0%58.5%61.6%42.9%17.6%-7.9%-965262.0K-1.4K0.0076.76N/AN/A10387115
2020-04-22$71.01$75.0044.8%12.8%52.2%46.1%38.9%12.1%0.2%-2.4K264.0K-1.3K0.0079.42N/AN/A10388115
2020-04-23$71.94$75.0042.7%12.2%51.8%43.2%0.0%11.2%6.9%-2.9K260.1K-1.2K0.0082.15N/AN/A00389115
2020-04-24$72.88$75.0041.2%11.8%50.4%41.1%0.0%25.5%-2.9%-2.1K241.1K-1.3K0.0089.95N/AN/A02389115
2020-04-27$76.05$75.0038.3%11.0%51.6%37.0%0.0%11.4%-4.9%-3.3K191.7K-1.2K5.0093.68N/AN/A15383118
2020-04-28$77.01$75.0038.0%10.9%51.6%36.6%38.4%12.8%3.3%-865155.3K-1.4K0.3394.89N/AN/A62384119
2020-04-29$81.20$75.0039.5%11.3%53.8%38.7%41.6%4.0%-2.2%11.0K-40.1K-1.8K0.0092.08N/AN/A054390120
2020-04-30$77.86$75.0044.6%12.8%51.6%45.8%45.6%8.2%-5.1%-6.2K318.2K-2.6K0.0079.69N/AN/A05390175