IWC Options History — October 2021

In October 2021, IWC traded between $143.78 and $147.97. ATM implied volatility averaged 24.7%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 5.8% (HV 20d: 18.8%). Max pain ranged from $145.00 to $147.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 3.41.

Notable Days

  • 2021-10-22: Highest Volume — 984 contracts
  • 2021-10-08: Largest IV drop — 29.5% change
  • 2021-10-04: Highest IV Rank — 47.1%
  • 2021-10-04: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$146.24$143.78$147.97$146.68$147.68
Max Pain$146.00$145.00$147.00$147.00$146.00
ATM IV24.7%19.6%33.8%29.6%21.2%
Expected Move6.9%5.6%8.9%8.5%6.1%
HV 20d18.8%12.6%22.7%22.1%13.3%
HV 60d20.9%19.3%23.2%23.2%19.3%
IV Rank16.4%0.0%47.1%32.9%5.6%
IV Percentile23.1%0.0%76.6%56.0%6.0%
Term Structure1.5%-1.6%4.9%4.2%2.9%
VWIV23.6%20.9%31.7%29.8%22.6%
Skew 25d6.5%4.0%11.3%8.8%5.9%
Skew 10d12.7%8.4%20.1%12.9%10.2%
Call IV 25d21.8%17.8%31.9%28.2%19.5%
Put IV 25d28.3%24.0%37.0%37.0%25.4%
Bid-Ask Spread %55.4533.8781.2868.7558.26
Gamma HHI0.220.170.280.170.23
Net GEX-276.5K-374.1K-211.3K-227.2K-281.1K
Net DEX3.5M2.9M4.5M3.6M3.0M
Net VEX-20.5K-24.6K-16.6K-24.1K-18.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.410.0053.003.500.48
Total Volume376.048198418953
Total OI2,249.2862,1442,3242,2552,270

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-10-01$146.68$147.0029.6%8.5%22.1%32.9%29.8%8.8%4.2%-227.2K3.6M-24.1K3.5068.75N/AN/A4141,1211,134
2021-10-04$145.01$146.0033.8%8.9%22.3%47.1%31.7%11.3%-0.0%-211.3K3.8M-24.3K0.0063.04N/AN/A0141,1091,133
2021-10-05$145.64$146.0031.1%8.6%22.4%37.8%0.0%4.4%-0.5%-239.9K3.8M-24.6K0.4055.55N/AN/A521,1281,145
2021-10-06$143.78$146.0028.1%8.2%22.2%27.8%0.0%9.1%0.9%-267.9K4.5M-23.6K53.0044.84N/AN/A1531,1281,143
2021-10-07$146.04$146.0033.4%7.6%22.7%45.8%24.2%6.8%0.6%-258.1K3.6M-22.1K0.4345.44N/AN/A731,1321,144
2021-10-08$145.33$146.0023.6%7.4%22.3%12.5%21.4%8.0%0.6%-273.6K3.9M-22.2K0.0033.87N/AN/A601,1311,147
2021-10-11$145.21$146.0027.5%7.4%22.3%25.8%23.9%7.8%-0.2%-285.4K3.9M-20.9K0.3035.10N/AN/A1031,1361,146
2021-10-12$145.62$146.0028.7%7.5%21.5%29.8%23.7%7.6%0.2%-284.4K3.8M-20.2K0.5034.66N/AN/A1051,1351,146
2021-10-13$145.83$146.0025.1%7.2%21.2%17.5%29.2%7.9%1.4%-290.3K3.7M-19.5K1.3137.06N/AN/A26341,1431,149
2021-10-14$146.79$146.0022.6%6.5%21.3%9.4%21.7%6.9%2.7%-250.6K3.2M-18.9K0.1645.92N/AN/A3151,1481,154
2021-10-15$146.93$146.0022.0%6.3%21.3%7.2%23.6%4.9%1.7%-221.2K3.2M-19.2K3.2552.78N/AN/A12391,1421,182
2021-10-18$145.75$146.0022.2%6.4%18.2%7.7%22.4%6.6%1.8%-279.3K3.4M-19.6K1.1548.51N/AN/A13151,0721,072
2021-10-19$146.08$145.0021.5%6.2%18.0%5.4%0.0%4.0%2.2%-294.1K3.4M-19.6K0.0058.58N/AN/A101,0751,097
2021-10-20$147.07$146.0021.1%6.0%17.3%4.1%21.8%5.7%1.9%-295.9K3.2M-19.1K0.5751.78N/AN/A6143511,0881,111
2021-10-21$147.63$146.0020.6%5.9%16.1%2.6%21.4%4.3%1.9%-279.0K3.0M-19.8K0.5955.78N/AN/A6163661,0891,120
2021-10-22$146.36$146.0022.5%6.4%16.3%8.8%21.9%5.3%1.3%-297.1K3.4M-20.1K0.6069.57N/AN/A6163681,0931,136
2021-10-25$147.97$146.0020.0%5.7%15.0%0.4%21.5%6.2%3.3%-288.7K3.0M-18.8K0.4865.01N/AN/A6202991,0931,137
2021-10-26$147.34$146.0019.6%5.6%12.6%0.0%20.9%6.0%4.9%-284.8K2.9M-18.8K0.4879.00N/AN/A6203001,0951,137
2021-10-27$145.28$146.0021.7%6.2%13.3%7.1%21.8%4.1%1.7%-322.5K3.6M-19.3K0.4779.56N/AN/A6182911,0961,139
2021-10-28$147.00$146.0022.4%6.4%13.9%9.6%21.0%5.0%-1.6%-374.1K3.2M-16.6K0.4881.28N/AN/A6423101,0971,142
2021-10-29$147.68$146.0021.2%6.1%13.3%5.6%22.6%5.9%2.9%-281.1K3.0M-18.8K0.4858.26N/AN/A6433101,1161,154