IWC Options History — April 2021

In April 2021, IWC traded between $139.48 and $149.83. ATM implied volatility averaged 30.7%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 1.3% (HV 20d: 29.4%). Max pain ranged from $145.00 to $150.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 7.63.

Notable Days

  • 2021-04-13: Highest Volume — 1,815 contracts
  • 2021-04-07: Largest IV spike — 16.6% change
  • 2021-04-20: Highest IV Rank — 35.7%
  • 2021-04-20: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$146.50$139.48$149.83$148.56$146.79
Max Pain$146.52$145.00$150.00$150.00$146.00
ATM IV30.7%27.3%35.0%32.8%29.1%
Expected Move8.6%7.8%9.7%9.4%8.4%
HV 20d29.4%21.4%36.4%36.4%21.5%
HV 60d31.2%30.3%32.0%32.0%31.4%
IV Rank25.6%16.8%35.7%24.2%24.6%
IV Percentile33.4%11.1%52.0%44.0%29.4%
Term Structure-0.6%-4.4%1.3%-2.5%0.8%
VWIV31.3%26.5%36.2%35.3%32.6%
Skew 25d8.2%6.6%10.8%10.8%7.3%
Skew 10d14.2%8.3%21.9%14.4%13.3%
Call IV 25d26.2%23.1%30.4%27.5%26.0%
Put IV 25d34.4%31.4%38.3%38.3%33.3%
Bid-Ask Spread %52.2336.5873.5059.0656.78
Gamma HHI0.160.090.340.090.11
Net GEX47.4K-570.1K960.4K-25.7K-286.1K
Net DEX1.7M-9.6M8.5M2.3M4.7M
Net VEX-102.8K-121.0K-78.1K-110.3K-99.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.630.0183.001.400.88
Total Volume260.048201,81524111
Total OI6,239.5245,4397,4575,7706,078

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$148.56$150.0032.8%9.4%36.4%24.2%35.3%10.8%-2.5%-25.7K2.3M-110.3K1.4059.06N/AN/A10142,6783,092
2021-04-05$149.47$145.0034.2%9.1%36.3%28.4%36.2%9.6%0.1%8.0K1.8M-105.8K3.5736.58N/AN/A7252,6683,081
2021-04-06$149.66$145.0030.0%8.4%35.7%19.4%28.8%8.3%0.0%23.0K1.3M-105.4K0.6737.52N/AN/A1282,6623,090
2021-04-07$145.96$145.0035.0%8.8%34.1%30.9%33.3%7.9%1.3%-131.4K3.8M-99.9K3.1441.65N/AN/A491542,6733,085
2021-04-08$147.49$145.0033.6%8.7%33.6%27.8%32.1%8.8%-1.4%-143.3K3.9M-103.4K2.5537.59N/AN/A11282,7023,237
2021-04-09$147.18$146.0029.8%8.6%32.4%24.0%30.3%8.9%0.3%-124.5K4.1M-104.1K0.8638.10N/AN/A28242,7053,245
2021-04-12$145.74$147.0032.9%9.0%32.1%33.0%32.1%8.5%-1.9%-257.0K5.7M-96.9K1.3040.21N/AN/A47612,6813,246
2021-04-13$145.55$147.0033.5%8.9%32.1%34.9%31.8%7.7%-1.1%-294.2K5.9M-95.9K1.4938.84N/AN/A7291,0862,6473,253
2021-04-14$146.43$147.0030.8%8.8%32.0%26.9%31.9%8.4%-0.4%-236.0K5.0M-96.3K0.5739.19N/AN/A23132,6513,251
2021-04-15$145.89$147.0029.5%8.5%31.7%23.3%30.4%8.1%-0.8%-317.0K5.6M-94.1K0.7745.50N/AN/A56432,6473,257
2021-04-16$145.85$147.0027.3%7.8%30.2%16.8%26.5%7.0%0.2%-374.1K5.9M-92.5K4.8351.88N/AN/A6292,6213,263
2021-04-19$143.00$147.0030.5%8.7%30.1%26.1%29.5%6.6%-0.8%-374.9K6.0M-90.7K2.1063.11N/AN/A20422,3803,059
2021-04-20$139.48$147.0033.8%9.7%31.0%35.7%35.4%7.3%-1.7%-473.7K8.5M-88.1K83.0073.50N/AN/A1832,3993,097
2021-04-21$143.26$147.0031.6%9.1%28.3%29.2%31.8%7.9%-4.4%-570.1K8.1M-78.1K36.7069.18N/AN/A103672,4003,140
2021-04-22$144.07$147.0031.0%8.9%25.1%30.7%29.5%8.5%-2.4%201.8K2.1M-109.7K0.0762.80N/AN/A580413,4083,486
2021-04-23$146.49$146.0027.8%8.0%23.9%20.2%32.5%7.4%1.2%764.8K-4.5M-119.0K5.2972.60N/AN/A7373,9323,476
2021-04-26$148.88$147.0028.3%8.1%24.6%21.8%29.2%9.9%-0.6%823.5K-8.2M-119.7K8.5060.15N/AN/A8683,9303,476
2021-04-27$148.66$147.0028.2%8.1%23.0%21.5%27.7%8.8%0.2%933.0K-8.8M-121.0K1.7055.51N/AN/A27463,9423,486
2021-04-28$149.83$146.0027.3%7.8%22.5%18.6%32.5%7.9%0.8%888.8K-9.6M-113.4K0.9553.61N/AN/A19183,9563,493
2021-04-29$148.36$146.0027.5%7.9%21.4%19.3%28.2%7.2%0.1%960.4K-8.2M-115.3K0.0163.44N/AN/A1,502113,9653,492
2021-04-30$146.79$146.0029.1%8.4%21.5%24.6%32.6%7.3%0.8%-286.1K4.7M-99.1K0.8856.78N/AN/A59522,5783,500