IWC Options History — November 2021

In November 2021, IWC traded between $140.18 and $156.93. ATM implied volatility averaged 27.1%, placing in the 25.3% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 8.9% (HV 20d: 18.3%). Max pain ranged from $146.00 to $150.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.45.

Notable Days

  • 2021-11-15: Highest Volume — 1,058 contracts
  • 2021-11-26: Largest IV spike — 41.9% change
  • 2021-11-30: Highest IV Rank — 71.6%
  • 2021-11-30: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$151.16$140.18$156.93$151.51$140.18
Max Pain$149.43$146.00$150.00$146.00$150.00
ATM IV27.1%22.8%41.0%22.8%41.0%
Expected Move7.8%6.5%11.8%6.5%11.8%
HV 20d18.3%15.3%22.5%15.3%20.1%
HV 60d19.5%18.1%20.7%19.8%19.5%
IV Rank25.3%10.7%71.6%10.7%71.6%
IV Percentile36.2%12.3%92.9%12.3%92.9%
Term Structure-0.4%-7.1%2.0%0.9%-7.1%
VWIV27.6%24.1%38.8%24.1%38.8%
Skew 25d5.6%0.4%19.0%4.7%10.1%
Skew 10d9.9%5.2%23.4%13.0%23.4%
Call IV 25d24.9%21.5%36.0%21.5%36.0%
Put IV 25d30.5%24.1%48.9%26.3%46.1%
Bid-Ask Spread %64.6047.3878.3063.0570.02
Gamma HHI0.200.130.310.180.31
Net GEX-193.5K-402.3K-53.5K-199.0K-393.6K
Net DEX1.6M-238.8K5.6M1.8M5.6M
Net VEX-15.6K-17.8K-13.8K-17.8K-14.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.340.520.490.44
Total Volume957.2868491,058964873
Total OI2,416.3332,2702,5652,2702,413

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$151.51$146.0022.8%6.5%15.3%10.7%24.1%4.7%0.9%-199.0K1.8M-17.8K0.4963.05N/AN/A6493151,1171,153
2021-11-02$151.14$146.0023.8%6.8%15.4%14.1%24.4%4.2%0.1%-201.2K1.7M-17.7K0.4964.56N/AN/A6533211,1241,156
2021-11-03$154.85$146.0024.0%6.9%16.3%14.7%25.2%4.0%-0.4%-121.8K482.4K-16.7K0.5069.08N/AN/A6393221,1301,173
2021-11-04$153.99$150.0023.4%7.0%16.0%12.9%24.8%5.3%0.9%-140.6K764.8K-16.8K0.5254.35N/AN/A6463331,1351,225
2021-11-05$156.11$150.0024.2%7.1%16.2%15.6%26.1%4.8%0.6%-81.0K177.1K-17.5K0.5149.53N/AN/A6493321,1471,233
2021-11-08$156.93$150.0025.5%7.1%16.1%19.8%26.4%4.5%0.7%-67.9K-238.8K-15.2K0.5147.38N/AN/A6393261,1441,239
2021-11-09$156.44$150.0025.8%7.4%16.3%20.9%26.5%4.9%0.0%-63.8K-149.1K-15.6K0.5055.27N/AN/A6433241,1551,239
2021-11-10$153.65$150.0027.0%7.7%18.0%24.7%28.0%5.7%0.4%-117.1K883.9K-17.5K0.5053.41N/AN/A6403231,1571,244
2021-11-11$155.33$150.0025.8%7.4%18.2%20.8%26.8%7.9%1.1%-104.1K233.1K-14.5K0.5064.14N/AN/A6443231,1571,244
2021-11-12$155.69$150.0025.7%7.4%18.2%20.5%25.6%6.7%2.0%-62.0K34.3K-15.3K0.5063.60N/AN/A6443221,1641,244
2021-11-15$154.31$150.0024.8%7.1%18.2%17.5%25.8%3.4%1.4%-84.1K321.1K-14.1K0.3562.55N/AN/A7842741,1651,244
2021-11-16$153.96$150.0024.6%7.1%18.3%16.8%25.6%5.1%1.4%-53.5K290.1K-15.5K0.3563.78N/AN/A7752741,3131,246
2021-11-17$152.18$150.0025.9%7.4%18.9%21.1%25.7%0.8%-0.3%-86.2K485.6K-14.8K0.3568.13N/AN/A7752751,3131,247
2021-11-18$150.06$150.0027.0%7.7%19.7%24.7%25.8%0.4%-3.2%-178.2K1.6M-15.7K0.3577.25N/AN/A7812711,3161,249
2021-11-19$148.87$150.0026.8%7.7%19.7%24.0%26.9%5.1%-1.0%-252.9K2.2M-15.3K0.3875.39N/AN/A7232781,3061,251
2021-11-22$149.06$150.0026.3%7.6%19.3%22.6%26.6%3.7%0.1%-335.5K2.2M-14.2K0.3463.51N/AN/A6662251,2291,192
2021-11-23$147.39$150.0028.0%8.0%19.7%28.1%28.1%5.0%-0.8%-366.9K3.1M-15.3K0.4959.45N/AN/A5712781,2341,210
2021-11-24$148.07$150.0026.9%7.7%19.0%24.5%26.6%8.3%0.1%-364.1K2.8M-13.8K0.4878.18N/AN/A5782801,2431,164
2021-11-26$142.96$150.0038.2%10.9%22.4%62.1%36.4%4.4%-2.9%-388.6K4.8M-15.7K0.4778.30N/AN/A5802751,2511,166
2021-11-29$141.68$150.0032.6%9.4%22.5%43.7%35.0%19.0%-3.3%-402.3K4.9M-15.0K0.4675.61N/AN/A6042761,2521,159
2021-11-30$140.18$150.0041.0%11.8%20.1%71.6%38.8%10.1%-7.1%-393.6K5.6M-14.1K0.4470.02N/AN/A6052681,2631,150