IWC Options History — July 2021

In July 2021, IWC traded between $138.81 and $153.74. ATM implied volatility averaged 26.8%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 4.2% (HV 20d: 22.6%). Max pain ranged from $146.00 to $154.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 3.95.

Notable Days

  • 2021-07-23: Highest Volume — 638 contracts
  • 2021-07-12: Largest IV spike — 27.0% change
  • 2021-07-19: Highest IV Rank — 42.6%
  • 2021-07-19: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$145.60$138.81$153.74$153.74$143.74
Max Pain$148.57$146.00$154.00$154.00$146.00
ATM IV26.8%19.9%32.5%19.9%26.1%
Expected Move7.5%5.7%9.3%5.7%7.5%
HV 20d22.6%18.9%26.6%19.8%26.5%
HV 60d23.1%21.9%24.3%21.9%23.9%
IV Rank23.3%0.0%42.6%0.0%21.1%
IV Percentile26.6%0.0%67.9%0.0%16.3%
Term Structure0.4%-2.3%3.1%2.7%1.6%
VWIV26.5%19.6%33.6%20.2%30.9%
Skew 25d7.4%4.3%10.2%5.1%6.1%
Skew 10d14.0%7.0%18.9%10.0%10.2%
Call IV 25d23.3%17.9%29.1%17.9%23.7%
Put IV 25d30.7%22.6%39.3%23.0%29.8%
Bid-Ask Spread %56.7130.8371.2060.5569.07
Gamma HHI0.260.160.350.160.33
Net GEX-751.4K-1.1M-367.0K-367.0K-734.5K
Net DEX10.5M4.9M14.7M4.9M10.6M
Net VEX-63.5K-74.1K-57.0K-74.1K-58.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.950.0020.000.451.50
Total Volume77.3815638165
Total OI6,125.9055,8846,4186,0566,100

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$153.74$154.0019.9%5.7%19.8%0.0%20.2%5.1%2.7%-367.0K4.9M-74.1K0.4560.55N/AN/A1153,0373,019
2021-07-02$151.94$154.0019.9%5.7%20.3%0.0%19.6%4.3%3.1%-507.8K6.4M-71.7K20.0064.72N/AN/A1203,0483,015
2021-07-06$148.88$151.0024.2%7.1%19.4%14.8%24.5%7.2%-0.5%-655.9K9.0M-69.0K0.6530.83N/AN/A37243,0483,031
2021-07-07$147.05$150.0026.2%7.4%18.9%21.3%23.9%7.7%0.6%-706.6K10.2M-68.2K5.8036.47N/AN/A5293,0723,036
2021-07-08$145.64$150.0029.1%7.8%19.0%31.1%33.6%9.4%-0.1%-787.4K11.7M-66.2K8.2750.91N/AN/A262153,0753,062
2021-07-09$149.12$150.0023.6%7.0%20.4%12.7%27.7%8.8%0.6%-832.3K9.7M-65.3K1.2751.93N/AN/A30383,0723,272
2021-07-12$149.58$150.0030.0%6.9%20.2%34.2%25.6%7.4%0.6%-803.7K9.6M-65.2K10.0062.39N/AN/A2203,0833,278
2021-07-13$146.78$150.0030.9%7.3%21.1%37.3%25.6%7.0%1.6%-825.0K10.6M-63.2K3.3852.38N/AN/A13443,0833,293
2021-07-14$144.36$148.0027.3%7.8%21.7%25.0%25.3%5.9%-0.3%-919.6K12.0M-61.8K1.5859.51N/AN/A12193,0943,301
2021-07-15$143.19$148.0026.5%7.6%21.5%22.3%25.2%7.6%1.9%-1.0M12.8M-73.1K12.3355.39N/AN/A3373,0973,304
2021-07-16$141.53$148.0027.7%7.9%21.5%26.3%27.6%7.3%-0.3%-1.1M14.7M-61.5K3.4557.70N/AN/A11383,0983,320
2021-07-19$138.81$148.0032.5%9.3%21.1%42.6%29.9%10.2%-2.3%-721.2K13.6M-59.7K0.9459.17N/AN/A16152,9742,989
2021-07-20$144.18$148.0027.7%8.0%24.8%26.6%27.4%9.2%-0.8%-782.6K11.1M-57.0K0.0064.78N/AN/A702,9872,989
2021-07-21$146.33$147.0026.9%7.7%25.5%23.7%24.8%8.6%0.4%-654.3K9.3M-62.7K0.6354.86N/AN/A852,9922,988
2021-07-22$143.44$147.0028.7%8.2%25.8%29.7%27.9%7.2%-0.4%-699.8K10.8M-61.8K4.0053.29N/AN/A4163,0002,992
2021-07-23$143.50$147.0026.5%7.6%24.9%22.3%25.0%7.3%0.1%-751.4K10.8M-62.3K0.0256.72N/AN/A626123,0043,001
2021-07-26$144.05$146.0027.6%7.9%25.0%26.1%25.8%7.3%-0.2%-718.1K10.6M-59.4K4.0057.99N/AN/A4163,0043,000
2021-07-27$141.68$146.0029.1%8.3%24.9%31.1%30.2%7.9%-0.9%-757.1K12.0M-58.2K0.0659.47N/AN/A200112,8743,010
2021-07-28$144.74$146.0026.3%7.5%26.5%21.8%33.0%7.3%0.8%-707.0K10.0M-58.2K4.6761.56N/AN/A3142,8753,023
2021-07-29$145.35$146.0025.8%7.4%26.6%20.0%22.9%6.6%0.8%-714.0K9.6M-57.1K0.0571.20N/AN/A2213,0753,029
2021-07-30$143.74$146.0026.1%7.5%26.5%21.1%30.9%6.1%1.6%-734.5K10.6M-58.0K1.5069.07N/AN/A233,0773,023