IWC Options History — May 2021

In May 2021, IWC traded between $136.99 and $150.27. ATM implied volatility averaged 30.1%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 5.3% (HV 20d: 24.8%). Max pain ranged from $140.00 to $147.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 3.71.

Notable Days

  • 2021-05-11: Highest Volume — 435 contracts
  • 2021-05-11: Largest IV spike — 20.9% change
  • 2021-05-12: Highest IV Rank — 66.1%
  • 2021-05-12: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$144.18$136.99$150.27$147.91$149.26
Max Pain$140.95$140.00$147.00$146.00$140.00
ATM IV30.1%23.0%40.5%28.0%23.0%
Expected Move8.6%6.6%11.6%8.0%6.6%
HV 20d24.8%21.2%28.3%21.6%26.2%
HV 60d30.5%28.3%31.5%31.2%28.3%
IV Rank29.0%5.1%66.1%21.0%5.1%
IV Percentile33.3%0.4%81.7%19.4%0.4%
Term Structure-1.4%-8.3%2.3%-0.9%2.3%
VWIV30.7%25.2%40.0%29.5%25.2%
Skew 25d8.6%5.0%13.7%5.8%5.0%
Skew 10d16.1%9.8%21.6%11.9%11.9%
Call IV 25d26.1%21.9%31.9%25.8%21.9%
Put IV 25d34.6%26.9%45.6%31.6%26.9%
Bid-Ask Spread %83.3360.6793.8460.6793.84
Gamma HHI0.170.110.220.110.19
Net GEX-557.2K-775.6K-231.8K-231.8K-435.6K
Net DEX8.6M3.4M14.3M3.4M4.4M
Net VEX-91.4K-101.3K-81.4K-94.9K-83.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.710.2021.892.332.50
Total Volume73.65124353049
Total OI6,499.76,1386,8716,1406,582

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$147.91$146.0028.0%8.0%21.6%21.0%29.5%5.8%-0.9%-231.8K3.4M-94.9K2.3360.67N/AN/A9212,6213,519
2021-05-04$144.49$146.0031.3%9.0%23.0%31.6%29.3%7.2%-1.0%-363.9K6.3M-92.8K11.0066.36N/AN/A9992,6253,513
2021-05-05$144.33$147.0030.3%8.7%21.3%28.2%29.4%5.9%-0.7%-377.5K6.0M-92.4K0.7671.09N/AN/A33252,6273,527
2021-05-06$142.92$140.0030.2%8.3%21.2%28.0%26.6%9.7%-0.6%-477.2K7.9M-86.9K0.5584.84N/AN/A1162,6463,544
2021-05-07$145.74$140.0025.7%7.8%22.4%13.5%28.6%8.5%1.1%-355.7K5.5M-87.9K1.0087.36N/AN/A662,6493,544
2021-05-10$141.75$140.0030.6%8.6%24.3%29.3%28.2%9.2%-2.6%-556.7K9.0M-82.2K1.0785.88N/AN/A14152,6493,542
2021-05-11$141.15$140.0037.0%9.5%24.3%50.0%35.3%10.0%-3.6%-527.0K9.3M-83.7K21.8978.44N/AN/A194162,6503,532
2021-05-12$136.99$140.0040.5%11.6%26.1%66.1%40.0%13.7%-8.3%-697.1K14.3M-95.8K5.3381.12N/AN/A3162,6553,930
2021-05-13$138.93$140.0033.2%9.5%26.8%40.9%37.9%11.6%-4.0%-775.6K14.3M-92.5K16.0072.90N/AN/A162562,6523,930
2021-05-14$142.22$140.0031.6%9.1%28.3%35.2%30.3%9.7%-4.1%-770.9K12.4M-101.0K0.8182.56N/AN/A31252,6514,165
2021-05-17$143.44$140.0030.3%8.7%27.7%30.5%32.9%9.8%-1.7%-636.9K10.9M-99.2K0.3984.99N/AN/A1872,6724,159
2021-05-18$144.75$140.0030.4%8.7%26.2%31.1%31.5%9.6%-1.5%-542.8K9.6M-98.7K1.0588.42N/AN/A20212,6874,164
2021-05-19$142.24$140.0035.1%10.1%25.3%47.3%34.1%9.2%-4.7%-693.0K11.9M-101.3K0.3983.77N/AN/A36142,7054,166
2021-05-20$143.98$140.0030.5%8.7%25.6%31.3%34.1%10.1%-0.4%-602.6K10.4M-97.2K4.6087.46N/AN/A10462,6834,166
2021-05-21$145.05$140.0028.9%8.3%25.0%25.7%29.4%8.2%0.1%-740.3K9.3M-93.9K0.9389.90N/AN/A15142,6874,164
2021-05-24$145.81$140.0027.4%7.9%24.3%20.6%29.6%6.9%-0.2%-642.6K8.1M-90.1K2.6790.16N/AN/A6162,4564,007
2021-05-25$144.40$140.0027.3%7.8%24.5%20.0%26.9%7.0%1.4%-700.9K8.7M-87.6K0.3393.21N/AN/A1862,4624,008
2021-05-26$147.96$140.0024.9%7.1%26.0%11.7%29.4%6.7%1.6%-555.0K6.0M-84.9K0.2091.13N/AN/A85172,4764,019
2021-05-27$150.27$140.0025.3%7.3%26.4%13.3%25.7%7.3%-0.1%-460.9K4.4M-81.4K0.3492.41N/AN/A29102,5424,018
2021-05-28$149.26$140.0023.0%6.6%26.2%5.1%25.2%5.0%2.3%-435.6K4.4M-83.9K2.5093.84N/AN/A14352,5624,020