IWC Options History — June 2021

In June 2021, IWC traded between $148.92 and $157.47. ATM implied volatility averaged 23.1%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 1.5% (HV 20d: 21.7%). Max pain ranged from $140.00 to $154.00. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 2.21.

Notable Days

  • 2021-06-29: Highest Volume — 1,369 contracts
  • 2021-06-04: Largest IV drop — 16.2% change
  • 2021-06-03: Highest IV Rank — 20.3%
  • 2021-06-18: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$153.42$148.92$157.47$152.02$152.76
Max Pain$150.95$140.00$154.00$140.00$154.00
ATM IV23.1%20.4%27.3%25.7%20.8%
Expected Move6.6%5.8%7.6%7.4%6.0%
HV 20d21.7%18.9%26.8%26.8%19.7%
HV 60d25.2%22.3%28.4%28.4%22.5%
IV Rank6.5%0.0%20.3%14.5%1.4%
IV Percentile3.3%0.0%14.7%4.8%1.2%
Term Structure1.4%-1.1%3.2%-0.5%2.6%
VWIV24.2%19.6%27.5%25.7%21.5%
Skew 25d6.1%4.7%8.8%6.9%5.0%
Skew 10d12.5%8.7%17.4%15.8%13.0%
Call IV 25d20.9%18.6%24.1%21.9%19.1%
Put IV 25d27.1%23.6%31.9%28.8%24.1%
Bid-Ask Spread %51.0333.0594.8092.8454.41
Gamma HHI0.150.130.180.180.16
Net GEX-310.3K-565.3K63.9K-292.9K-450.7K
Net DEX3.4M-1.7M8.3M2.3M5.9M
Net VEX-80.1K-87.7K-71.0K-82.7K-73.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.210.0016.000.085.67
Total Volume207.04521,36913120
Total OI6,460.9555,3917,3086,6006,037

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$152.02$140.0025.7%7.4%26.8%14.5%25.7%6.9%-0.5%-292.9K2.3M-82.7K0.0892.84N/AN/A121102,5634,037
2021-06-02$152.02$140.0026.2%7.5%25.2%16.4%24.8%7.1%-1.1%-357.4K3.0M-87.0K0.0094.80N/AN/A202,6624,046
2021-06-03$151.56$147.0027.3%7.4%25.2%20.3%27.5%8.8%0.9%-287.5K2.5M-87.7K0.7833.05N/AN/A18142,6614,046
2021-06-04$151.81$147.0022.9%6.7%24.8%4.8%25.2%7.4%2.3%-360.0K2.9M-83.5K0.6333.31N/AN/A16102,6644,050
2021-06-07$155.49$147.0021.7%6.7%25.2%0.5%22.8%7.0%1.4%-74.4K-525.9K-82.5K0.7834.13N/AN/A77602,6614,056
2021-06-08$157.47$147.0023.0%6.6%22.6%5.3%26.1%4.8%2.4%63.9K-1.7M-83.7K3.2137.70N/AN/A19612,6784,065
2021-06-09$156.22$150.0024.3%7.0%22.8%9.8%24.9%7.2%0.4%39.6K-767.3K-84.6K16.0053.31N/AN/A6962,6494,125
2021-06-10$153.32$150.0023.5%6.7%20.8%7.0%25.5%6.6%2.6%-96.9K755.1K-87.3K3.4950.49N/AN/A551922,6444,188
2021-06-11$154.39$153.0022.3%6.4%20.6%2.6%27.1%5.9%3.2%-257.7K2.0M-85.8K4.0054.24N/AN/A3122,6844,373
2021-06-14$154.24$154.0022.2%6.4%19.5%2.4%25.4%6.2%1.8%-292.6K2.5M-84.7K0.2141.81N/AN/A222462,6464,396
2021-06-15$153.31$154.0023.5%6.8%19.8%7.1%23.3%5.5%0.7%-444.3K3.6M-84.7K0.4241.11N/AN/A65272,8584,450
2021-06-16$154.15$154.0023.3%6.7%19.7%6.0%22.9%5.5%1.1%-565.3K4.8M-73.8K1.0947.91N/AN/A11122,8104,465
2021-06-17$152.50$154.0022.9%6.6%18.9%4.6%0.0%4.7%1.3%-516.4K4.8M-79.9K0.2058.64N/AN/A69142,8134,465
2021-06-18$148.92$154.0026.4%7.6%20.9%17.5%26.1%6.3%0.4%-551.6K8.3M-80.5K0.4842.75N/AN/A86412,7524,451
2021-06-21$151.39$154.0025.0%7.2%21.5%12.3%26.7%6.5%0.1%-421.8K6.7M-77.4K0.5939.36N/AN/A29172,5272,864
2021-06-22$151.91$154.0023.1%6.6%21.4%5.8%22.2%6.0%0.8%-424.8K6.2M-75.6K0.2441.94N/AN/A3892,5342,880
2021-06-23$153.45$154.0022.2%6.4%21.1%2.5%25.0%6.0%1.0%-367.0K5.2M-74.0K0.7645.38N/AN/A5754392,5362,887
2021-06-24$155.88$153.0020.7%5.9%20.2%0.0%21.1%5.5%2.4%-247.1K3.1M-71.0K0.0854.30N/AN/A5142,6132,891
2021-06-25$156.26$153.0020.4%5.8%19.6%0.0%19.6%4.9%2.2%-188.0K3.0M-75.3K0.0157.94N/AN/A52052,5762,889
2021-06-28$153.65$154.0020.7%5.9%20.5%1.1%20.2%5.4%2.0%-314.3K4.6M-74.6K9.3658.51N/AN/A111033,0312,895
2021-06-29$152.57$154.0020.8%6.0%19.7%1.5%24.8%5.5%2.2%-419.3K5.7M-73.2K0.6654.74N/AN/A8235463,0312,992
2021-06-30$152.76$154.0020.8%6.0%19.7%1.4%21.5%5.0%2.6%-450.7K5.9M-73.5K5.6754.41N/AN/A3173,0343,003