IWC Options History — February 2021

In February 2021, IWC traded between $137.97 and $153.55. ATM implied volatility averaged 40.0%, placing in the 35.7% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 16.5% (HV 20d: 23.6%). Max pain ranged from $130.00 to $145.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.32.

Notable Days

  • 2021-02-09: Highest Volume — 1,212 contracts
  • 2021-02-25: Largest IV spike — 26.4% change
  • 2021-02-25: Highest IV Rank — 45.1%
  • 2021-02-25: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$147.34$137.97$153.55$137.97$145.16
Max Pain$141.05$130.00$145.00$130.00$145.00
ATM IV40.0%33.5%49.5%43.5%44.3%
Expected Move11.6%10.1%14.2%12.5%12.7%
HV 20d23.6%20.1%29.7%23.6%29.3%
HV 60d21.4%19.7%24.0%21.3%23.9%
IV Rank35.7%28.0%45.1%42.5%36.8%
IV Percentile68.5%52.0%86.5%77.0%77.0%
Term Structure-0.9%-4.0%2.5%-1.6%-1.7%
VWIV42.6%35.5%54.5%46.7%46.1%
Skew 25d10.3%7.3%14.9%12.0%8.6%
Skew 10d19.4%16.8%25.3%18.5%23.9%
Call IV 25d36.4%32.3%43.7%39.7%39.4%
Put IV 25d46.7%41.5%56.3%51.7%48.1%
Bid-Ask Spread %79.1649.0489.0249.0486.66
Gamma HHI0.270.160.560.310.20
Net GEX655.3K3.5K2.0M626.0K259.0K
Net DEX-6.0M-17.1M2.5M-1.5M232.7K
Net VEX-91.1K-99.8K-79.6K-79.6K-90.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.320.144.011.251.07
Total Volume472.1051091,212290240
Total OI5,403.1054,6356,2934,6355,204

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$137.97$130.0043.5%12.5%23.6%42.5%46.7%12.0%-1.6%626.0K-1.5M-79.6K1.2549.04N/AN/A1291612,6172,018
2021-02-02$138.56$130.0040.7%11.7%23.0%38.5%44.8%12.3%-0.2%656.5K-1.6M-83.5K2.5258.29N/AN/A31782,7152,166
2021-02-03$140.12$130.0039.5%11.3%22.7%36.7%38.1%9.5%-1.8%794.5K-2.6M-84.0K1.4166.53N/AN/A741042,7102,207
2021-02-04$142.99$140.0033.5%10.1%21.4%28.0%45.4%8.9%1.2%1.0M-6.7M-85.1K1.0083.58N/AN/A3823832,7282,187
2021-02-05$145.90$140.0034.2%10.3%20.9%29.0%35.5%9.0%0.7%1.0M-9.0M-85.3K0.1481.86N/AN/A144202,4902,523
2021-02-08$151.71$140.0036.8%11.0%22.9%32.8%38.4%10.0%-0.6%1.1M-17.1M-81.1K0.4880.52N/AN/A6042872,5192,535
2021-02-09$153.55$140.0036.0%10.6%22.6%31.7%41.2%14.9%-1.5%717.6K-15.7M-84.4K0.4684.47N/AN/A8283842,3172,726
2021-02-10$151.06$140.0040.3%11.6%23.6%37.9%40.5%7.3%-1.8%676.2K-10.9M-93.6K0.4580.67N/AN/A5732562,5383,073
2021-02-11$150.62$140.0039.3%11.3%23.5%36.4%44.7%10.1%-0.5%535.4K-8.7M-97.2K2.9378.48N/AN/A912672,5013,251
2021-02-12$151.42$145.0038.7%11.1%22.0%35.6%39.1%9.6%-0.2%596.2K-9.5M-99.8K2.4779.27N/AN/A1644052,5253,477
2021-02-16$152.08$145.0040.6%11.6%20.1%38.3%45.7%11.2%-1.1%719.7K-10.9M-97.8K0.8979.77N/AN/A1801612,6173,598
2021-02-17$150.89$145.0040.2%11.5%20.2%37.4%44.9%10.0%-0.8%788.8K-9.3M-96.6K1.3982.08N/AN/A1562172,6453,648
2021-02-18$147.48$145.0041.7%11.9%22.7%39.5%40.4%10.7%-1.6%440.4K-2.4M-93.1K4.0182.68N/AN/A722892,5443,620
2021-02-19$150.57$145.0039.9%11.4%23.1%36.1%40.3%11.2%0.4%2.0M-9.1M-93.6K0.5082.70N/AN/A4432212,5253,632
2021-02-22$149.13$145.0041.3%11.8%23.6%35.5%40.2%9.9%2.5%3.5K701.1K-95.9K0.6789.02N/AN/A3322221,6293,249
2021-02-23$145.57$145.0041.7%12.0%25.7%32.5%40.2%9.6%-2.4%3.9K2.5M-99.1K1.2987.05N/AN/A2793591,8853,403
2021-02-24$149.60$145.0039.1%11.2%27.1%28.4%42.5%8.8%-1.2%321.8K-3.1M-94.6K0.7787.32N/AN/A90692,0673,193
2021-02-25$145.13$145.0049.5%14.2%29.7%45.1%54.5%12.6%-4.0%139.1K1.1M-96.9K1.3384.05N/AN/A1181572,1433,234
2021-02-26$145.16$145.0044.3%12.7%29.3%36.8%46.1%8.6%-1.7%259.0K232.7K-90.7K1.0786.66N/AN/A1161242,1933,011