IWC Options History — December 2021

In December 2021, IWC traded between $133.95 and $143.00. ATM implied volatility averaged 34.1%, placing in the 48.3% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 8.9% (HV 20d: 25.2%). Max pain ranged from $135.00 to $150.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.79.

Notable Days

  • 2021-12-17: Highest Volume — 1,496 contracts
  • 2021-12-15: Largest IV drop — 33.6% change
  • 2021-12-03: Highest IV Rank — 100.0%
  • 2021-12-03: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$138.27$133.95$143.00$137.68$140.08
Max Pain$140.23$135.00$150.00$150.00$135.00
ATM IV34.1%23.8%49.6%43.8%23.8%
Expected Move9.2%6.8%14.2%12.6%6.8%
HV 20d25.2%18.7%29.4%20.7%25.7%
HV 60d21.3%19.8%22.1%19.8%21.1%
IV Rank48.3%14.1%100.0%81.1%14.1%
IV Percentile66.6%18.3%100.0%96.0%18.3%
Term Structure-1.5%-8.4%2.7%-8.1%1.3%
VWIV31.9%24.4%47.8%44.9%25.8%
Skew 25d10.0%5.3%17.7%13.5%5.6%
Skew 10d18.4%9.6%36.9%16.5%9.6%
Call IV 25d28.3%21.6%46.5%38.8%21.6%
Put IV 25d38.3%27.2%55.7%52.3%27.2%
Bid-Ask Spread %75.2143.3295.4077.2695.40
Gamma HHI0.270.190.410.310.21
Net GEX-302.7K-580.0K-64.8K-390.0K-78.7K
Net DEX4.8M2.2M8.1M6.1M2.4M
Net VEX-13.0K-15.1K-8.1K-13.8K-13.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.331.510.430.70
Total Volume913.0913761,496909376
Total OI1,990.7739832,8392,4131,036

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$137.68$150.0043.8%12.6%20.7%81.1%44.9%13.5%-8.1%-390.0K6.1M-13.8K0.4377.26N/AN/A6342751,2661,147
2021-12-02$139.23$150.0044.2%12.7%18.7%82.3%42.7%17.7%-7.4%-398.2K5.8M-13.6K0.5768.78N/AN/A6413651,2791,146
2021-12-03$134.96$150.0049.6%14.2%20.9%100.0%47.8%7.3%-8.4%-356.2K6.6M-13.6K0.3976.18N/AN/A8243231,2871,147
2021-12-06$137.75$142.0040.2%9.7%21.8%68.6%35.2%15.0%0.6%-423.0K6.0M-12.7K0.3452.27N/AN/A8242801,5451,138
2021-12-07$141.18$142.0033.6%8.6%24.2%46.7%32.5%11.1%-0.6%-476.5K4.8M-12.6K0.3443.32N/AN/A8222781,5451,148
2021-12-08$143.00$142.0030.8%8.0%25.0%37.2%30.4%8.9%0.2%-482.0K3.9M-11.6K0.3446.80N/AN/A8242791,5481,149
2021-12-09$140.18$142.0034.9%8.8%25.1%50.9%32.3%11.6%-1.1%-503.0K5.1M-11.5K0.3354.04N/AN/A8222751,5491,149
2021-12-10$138.60$142.0031.7%8.2%24.6%40.3%29.0%8.2%0.5%-580.0K5.8M-10.1K0.3354.24N/AN/A8332741,5511,147
2021-12-13$136.66$142.0039.8%8.9%24.5%67.1%29.0%8.4%-1.9%-579.9K6.8M-8.4K0.3558.74N/AN/A8382941,5451,152
2021-12-14$134.53$142.0049.2%9.6%24.7%98.6%31.5%10.7%-2.2%-523.1K7.6M-8.1K0.9767.32N/AN/A7297041,5501,161
2021-12-15$136.68$142.0032.7%9.4%26.0%43.6%29.4%5.3%-2.7%-567.7K7.9M-14.3K0.9787.69N/AN/A7307091,5691,270
2021-12-16$134.49$142.0033.6%9.6%26.2%46.6%31.3%11.0%-1.9%-511.1K7.6M-14.4K0.9882.99N/AN/A7307121,5711,249
2021-12-17$135.77$142.0031.5%9.0%26.6%39.5%29.4%11.2%-0.4%-188.2K8.1M-12.8K0.9190.57N/AN/A7857111,5711,249
2021-12-20$133.95$135.0036.9%10.6%26.7%57.7%34.6%10.6%-5.8%-74.4K3.1M-13.8K1.3981.23N/AN/A257358553430
2021-12-21$137.04$135.0033.8%9.7%28.5%47.2%32.3%8.1%-3.6%-84.6K2.9M-14.1K1.5080.99N/AN/A247370553436
2021-12-22$138.57$135.0028.1%8.1%28.8%28.3%30.8%8.1%1.6%-76.3K2.7M-14.6K1.4888.73N/AN/A246363570445
2021-12-23$140.70$135.0027.2%7.8%29.4%25.5%28.3%10.7%1.5%-79.8K2.5M-14.8K1.5185.26N/AN/A243367572447
2021-12-27$141.30$135.0027.3%7.8%26.9%25.6%27.6%12.1%1.5%-64.8K2.2M-15.1K1.5089.09N/AN/A245368581447
2021-12-28$140.43$135.0026.3%7.6%26.8%22.5%26.6%7.0%2.7%-65.2K2.2M-14.9K0.7288.32N/AN/A221159584448
2021-12-29$139.06$135.0025.4%7.3%26.7%19.3%25.6%8.4%1.5%-78.4K2.5M-14.2K0.7094.15N/AN/A221155583449
2021-12-30$140.03$135.0025.3%7.3%26.0%19.1%24.4%9.0%0.6%-79.2K2.5M-14.0K0.7091.28N/AN/A222155584451
2021-12-31$140.08$135.0023.8%6.8%25.7%14.1%25.8%5.6%1.3%-78.7K2.4M-13.8K0.7095.40N/AN/A221155585451