IWC Options History — July 2020

In July 2020, IWC traded between $84.06 and $90.10. ATM implied volatility averaged 34.3%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 5.5% (HV 20d: 28.8%). Max pain ranged from $85.00 to $88.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 5.81.

Notable Days

  • 2020-07-15: Highest Volume — 289 contracts
  • 2020-07-13: Largest IV spike — 26.4% change
  • 2020-07-13: Highest IV Rank — 48.1%
  • 2020-07-13: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$87.65$84.06$90.10$86.88$88.35
Max Pain$87.73$85.00$88.00$85.00$88.00
ATM IV34.3%27.9%46.3%37.2%31.9%
Expected Move9.6%8.0%10.9%10.7%9.2%
HV 20d28.8%22.4%42.2%42.2%24.4%
HV 60d39.5%35.4%43.0%42.9%35.7%
IV Rank31.5%22.6%48.1%35.6%28.2%
IV Percentile65.0%56.7%83.7%69.0%60.7%
Term Structure-0.1%-3.6%2.4%-3.6%0.0%
VWIV35.4%27.0%44.2%37.2%30.9%
Skew 25d8.1%-0.5%12.4%4.0%5.1%
Skew 10d17.2%0.4%31.7%0.4%1.6%
Call IV 25d30.6%24.1%50.8%50.8%30.1%
Put IV 25d38.7%32.6%54.8%54.8%35.1%
Bid-Ask Spread %70.5050.45118.13118.1381.60
Gamma HHI0.190.140.330.220.14
Net GEX-11.9K-25.7K-4.7K-6.6K-10.2K
Net DEX334.6K131.4K945.8K137.2K242.1K
Net VEX-3.2K-3.9K-2.2K-2.4K-3.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.810.0041.005.441.00
Total Volume41.273028908
Total OI286.318197371197307

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$86.88$85.0037.2%10.7%42.2%35.6%0.0%4.0%-3.6%-6.6K137.2K-2.4K0.00118.13N/AN/A0050147
2020-07-02$86.80$85.0032.6%9.4%42.2%29.2%0.0%-0.5%1.8%-6.3K131.4K-2.2K0.0097.48N/AN/A04350147
2020-07-06$87.38$88.0037.3%10.5%39.7%35.7%37.2%12.4%0.3%-15.0K389.0K-2.7K5.4452.19N/AN/A2513650190
2020-07-07$85.65$88.0034.5%10.1%38.7%31.8%0.0%7.6%0.6%-15.2K414.8K-2.6K41.0067.11N/AN/A14152190
2020-07-08$85.56$88.0035.4%10.1%38.7%33.0%0.0%12.0%0.3%-24.2K707.4K-3.0K0.0062.44N/AN/A34053231
2020-07-09$84.06$88.0038.7%10.5%37.8%37.7%0.0%12.1%-2.7%-16.6K638.3K-3.4K2.0861.55N/AN/A245085231
2020-07-10$85.19$88.0036.6%9.6%24.1%34.7%34.0%12.3%-0.2%-25.4K945.8K-3.9K0.4361.34N/AN/A7387281
2020-07-13$84.54$88.0046.3%10.9%23.8%48.1%0.0%11.0%-2.0%-25.7K936.9K-3.9K12.2750.45N/AN/A1113587284
2020-07-14$84.88$88.0044.6%10.7%22.4%45.8%38.1%11.9%-0.8%-9.2K351.9K-3.1K0.5055.35N/AN/A2187199
2020-07-15$88.87$88.0037.2%10.7%26.0%35.5%39.0%10.7%-1.2%-7.4K201.2K-3.1K3.9853.63N/AN/A5823178200
2020-07-16$87.85$88.0035.6%10.2%25.6%33.3%44.2%8.9%1.1%-4.7K186.8K-3.1K0.0057.36N/AN/A0789200
2020-07-17$88.64$88.0033.4%9.6%25.7%30.3%29.8%7.3%0.5%-5.0K171.4K-3.2K0.0067.43N/AN/A4089207
2020-07-20$88.66$88.0031.5%9.0%25.7%27.6%29.4%7.1%0.0%-10.6K249.0K-3.0K3.0061.66N/AN/A1373197
2020-07-21$90.03$88.0032.1%9.2%26.1%28.5%39.8%9.1%-1.3%-10.9K225.0K-3.0K0.0068.13N/AN/A0474200
2020-07-22$89.59$88.0030.2%8.7%26.1%25.8%33.9%7.0%0.1%-10.4K217.7K-3.0K0.0262.24N/AN/A65175202
2020-07-23$89.67$88.0031.4%9.0%24.8%27.4%42.1%6.0%-1.2%-8.1K155.1K-3.5K0.0077.48N/AN/A0394203
2020-07-24$88.29$88.0034.3%9.8%25.5%31.5%0.0%5.8%-0.4%-8.0K202.4K-3.5K0.0083.68N/AN/A0094205
2020-07-27$88.98$88.0029.2%8.4%24.2%24.4%0.0%7.7%1.1%-9.0K199.9K-3.4K0.0084.15N/AN/A0494203
2020-07-28$88.57$88.0028.8%8.3%23.7%23.8%0.0%6.8%1.8%-9.5K240.3K-3.5K0.0068.59N/AN/A0594207
2020-07-29$89.74$88.0027.9%8.0%23.3%22.6%27.0%5.8%0.3%-11.1K214.0K-3.5K0.0078.72N/AN/A0194212
2020-07-30$90.10$88.0028.0%8.0%23.1%22.8%0.0%8.7%2.4%-11.7K203.2K-3.5K0.0080.28N/AN/A0094213
2020-07-31$88.35$88.0031.9%9.2%24.4%28.2%30.9%5.1%0.0%-10.2K242.1K-3.5K1.0081.60N/AN/A4494213