IWC Options History — August 2021

In August 2021, IWC traded between $136.72 and $148.64. ATM implied volatility averaged 25.3%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 2.5% (HV 20d: 22.8%). Max pain ranged from $146.00 to $155.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 2.24.

Notable Days

  • 2021-08-17: Highest Volume — 182 contracts
  • 2021-08-27: Largest IV drop — 16.0% change
  • 2021-08-19: Highest IV Rank — 33.7%
  • 2021-08-19: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$143.98$136.72$148.64$144.04$148.64
Max Pain$153.77$146.00$155.00$146.00$155.00
ATM IV25.3%20.5%29.9%28.6%21.0%
Expected Move7.3%5.9%8.6%8.2%6.0%
HV 20d22.8%18.0%26.4%26.4%23.0%
HV 60d22.4%21.5%23.8%23.8%22.6%
IV Rank18.3%2.2%33.7%29.4%4.0%
IV Percentile18.1%1.2%53.6%41.3%3.6%
Term Structure0.7%-0.9%3.6%-0.3%2.3%
VWIV25.7%20.7%33.5%32.2%21.6%
Skew 25d6.7%-1.1%9.2%7.4%6.9%
Skew 10d13.6%7.8%16.9%12.1%13.9%
Call IV 25d23.2%19.3%27.9%25.1%19.9%
Put IV 25d29.9%25.8%35.3%32.5%26.8%
Bid-Ask Spread %68.2654.1085.5165.1180.20
Gamma HHI0.380.270.460.270.39
Net GEX-887.1K-1.1M-637.5K-637.5K-773.7K
Net DEX10.1M5.7M15.7M9.7M5.7M
Net VEX-45.7K-60.6K-36.3K-60.6K-36.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.240.0029.000.501.54
Total Volume45.13611827866
Total OI6,121.3186,0066,2586,0866,258

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$144.04$146.0028.6%8.2%26.4%29.4%32.2%7.4%-0.3%-637.5K9.7M-60.6K0.5065.11N/AN/A52263,0643,022
2021-08-03$143.67$146.0026.3%7.5%25.5%21.7%27.3%7.8%1.3%-761.7K10.7M-54.4K0.3382.76N/AN/A313,0643,025
2021-08-04$141.77$146.0027.8%8.0%25.6%26.7%23.9%-1.1%-0.7%-841.3K11.5M-53.9K0.0085.51N/AN/A303,0853,024
2021-08-05$144.33$155.0025.0%7.7%26.3%17.3%25.0%5.5%-0.6%-862.6K10.4M-50.0K0.2964.27N/AN/A2883,0843,024
2021-08-06$145.75$155.0025.7%7.3%25.1%19.6%0.0%8.3%1.0%-776.7K9.3M-50.7K0.0073.09N/AN/A033,0863,024
2021-08-09$145.78$155.0025.7%8.2%25.0%19.7%0.0%6.8%-0.9%-758.1K9.4M-49.9K1.2074.86N/AN/A563,0783,026
2021-08-10$146.02$155.0025.3%7.8%24.2%18.2%0.0%7.6%-0.2%-752.6K8.8M-48.5K0.0059.75N/AN/A103,0783,026
2021-08-11$146.15$155.0026.5%7.6%23.4%22.5%30.8%7.2%0.4%-773.2K8.7M-48.0K29.0062.76N/AN/A2583,0783,021
2021-08-12$146.07$155.0025.2%7.2%23.2%18.1%0.0%7.7%1.1%-799.8K8.7M-45.4K0.0069.12N/AN/A1303,0783,021
2021-08-13$143.88$155.0025.1%7.2%23.4%17.8%24.4%8.0%0.5%-879.3K10.3M-46.5K3.1769.62N/AN/A12383,0793,008
2021-08-16$141.85$155.0025.9%7.4%22.9%20.4%28.1%3.8%0.6%-971.9K11.3M-44.5K0.3168.61N/AN/A1653,0913,005
2021-08-17$139.70$155.0027.6%7.9%19.0%26.2%23.8%7.7%-0.6%-1.0M13.2M-44.2K0.0958.95N/AN/A167153,0943,013
2021-08-18$139.82$155.0027.5%7.9%18.0%25.7%26.3%7.0%-0.5%-1.0M13.3M-43.9K2.7559.61N/AN/A12333,0993,016
2021-08-19$136.72$155.0029.9%8.6%18.4%33.7%33.5%9.2%-0.9%-998.4K15.7M-43.2K1.5054.39N/AN/A12183,1003,021
2021-08-20$139.19$155.0026.7%7.6%19.7%22.9%25.1%7.4%-0.0%-1.1M14.2M-43.4K0.0054.10N/AN/A01633,1063,047
2021-08-23$143.22$155.0024.2%6.9%22.4%14.7%22.9%6.8%0.9%-1.1M10.3M-41.7K0.5257.10N/AN/A58303,0342,972
2021-08-24$144.78$155.0023.4%6.7%21.9%11.9%22.0%7.8%1.2%-1.0M9.5M-41.1K0.3367.03N/AN/A1243,0343,060
2021-08-25$145.61$155.0023.0%6.6%20.6%10.7%26.5%6.5%1.5%-991.1K8.8M-40.9K0.0073.20N/AN/A033,0813,082
2021-08-26$144.35$155.0024.4%7.0%20.8%15.4%25.9%7.7%2.1%-977.6K9.6M-42.9K0.0970.93N/AN/A3433,0913,084
2021-08-27$148.58$155.0020.5%5.9%22.8%2.2%23.1%6.6%3.6%-815.7K6.5M-38.5K0.7974.34N/AN/A34273,0913,086
2021-08-30$147.57$155.0021.0%6.0%23.0%3.7%20.7%5.6%3.1%-846.1K6.3M-37.6K0.2276.47N/AN/A1843,1223,087
2021-08-31$148.64$155.0021.0%6.0%23.0%4.0%21.6%6.9%2.3%-773.7K5.7M-36.3K1.5480.20N/AN/A26403,1493,109