IWC Options History — January 2022

In January 2022, IWC traded between $119.84 and $142.10. ATM implied volatility averaged 31.9%, placing in the 44.3% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 10.2% (HV 20d: 21.7%). Max pain ranged from $130.00 to $138.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.87.

Notable Days

  • 2022-01-18: Highest Volume — 635 contracts
  • 2022-01-10: Largest IV spike — 88.9% change
  • 2022-01-28: Highest IV Rank — 78.2%
  • 2022-01-28: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$131.11$119.84$142.10$142.10$125.10
Max Pain$135.65$130.00$138.00$135.00$130.00
ATM IV31.9%17.2%42.6%23.5%36.1%
Expected Move9.2%6.5%12.2%6.7%10.3%
HV 20d21.7%19.7%26.5%23.3%26.5%
HV 60d22.6%21.1%23.9%21.1%23.9%
IV Rank44.3%0.0%78.2%13.1%58.3%
IV Percentile61.2%0.0%94.4%16.3%80.6%
Term Structure-1.0%-4.8%2.0%1.5%-4.8%
VWIV30.5%22.7%40.1%22.9%34.1%
Skew 25d7.4%-0.5%19.4%5.4%8.4%
Skew 10d16.8%8.3%28.2%12.6%28.2%
Call IV 25d29.3%21.3%43.0%21.9%37.4%
Put IV 25d36.6%27.2%51.1%27.2%45.8%
Bid-Ask Spread %80.0559.82103.23100.7094.80
Gamma HHI0.180.130.260.200.26
Net GEX-127.8K-186.5K-75.9K-75.9K-137.7K
Net DEX3.8M2.1M5.5M2.2M4.3M
Net VEX-12.6K-15.1K-8.5K-13.6K-8.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.661.161.110.69
Total Volume490.2411635465437
Total OI1,247.41,0351,4121,0351,229

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-01-03$142.10$135.0023.5%6.7%23.3%13.1%22.9%5.4%1.5%-75.9K2.2M-13.6K1.11100.70N/AN/A220245584451
2022-01-04$141.84$135.0022.5%6.5%22.4%9.7%22.7%4.5%1.9%-80.1K2.1M-15.0K1.1699.34N/AN/A220255589551
2022-01-05$137.68$135.0029.5%8.4%23.2%32.9%25.1%-0.5%-0.1%-98.1K2.6M-15.1K1.10103.23N/AN/A220241589650
2022-01-06$137.83$138.0028.0%8.0%22.6%28.0%30.3%13.6%-0.4%-117.5K3.1M-14.7K1.1060.72N/AN/A220241589647
2022-01-07$136.53$138.0017.2%8.0%21.8%0.0%31.2%8.6%-1.2%-102.2K2.9M-15.1K1.1059.82N/AN/A220243589647
2022-01-10$134.67$138.0032.5%9.0%22.0%47.0%30.8%6.5%-0.6%-135.5K3.6M-13.5K1.0664.87N/AN/A224238589647
2022-01-11$136.65$138.0031.5%7.6%22.1%44.0%26.1%6.9%-0.1%-148.1K3.5M-13.5K0.7461.49N/AN/A323238592651
2022-01-12$135.97$136.0027.5%7.9%21.4%31.9%27.0%7.1%0.1%-111.7K3.1M-14.3K0.7369.65N/AN/A325238633651
2022-01-13$134.54$136.0025.3%7.2%21.0%24.9%26.7%7.0%2.0%-124.4K3.3M-14.2K0.7662.37N/AN/A325246636651
2022-01-14$134.34$136.0028.5%8.2%20.2%35.0%28.0%8.0%-0.2%-146.7K3.8M-13.1K0.7971.75N/AN/A301239639661
2022-01-18$130.94$136.0032.8%9.4%21.8%48.2%29.4%8.0%0.0%-168.4K4.1M-12.1K1.1371.22N/AN/A298337638661
2022-01-19$129.03$136.0031.0%8.9%21.9%42.6%29.5%2.0%-0.4%-186.5K4.7M-12.9K0.7781.11N/AN/A303233637763
2022-01-20$126.53$136.0034.9%10.0%20.7%54.6%28.6%7.7%0.1%-171.2K4.9M-11.7K0.7778.03N/AN/A303233644767
2022-01-21$124.11$136.0037.1%10.6%20.5%61.5%31.6%9.3%-3.3%-160.5K5.5M-11.3K0.8080.89N/AN/A303242644768
2022-01-24$125.15$136.0039.4%11.3%19.7%68.5%36.2%19.4%-3.4%-141.3K4.5M-9.8K0.7391.75N/AN/A237174536654
2022-01-25$125.68$136.0039.2%11.2%19.7%67.7%35.3%7.2%-2.4%-122.7K4.1M-11.0K0.7586.24N/AN/A237178554634
2022-01-26$123.02$136.0039.8%11.4%20.5%69.6%39.5%2.4%-4.1%-108.5K4.0M-11.6K0.7384.85N/AN/A243178554633
2022-01-27$119.84$136.0039.8%11.4%21.6%69.8%35.5%6.6%-0.4%-105.3K4.1M-11.2K0.6685.89N/AN/A249164560633
2022-01-28$120.68$130.0042.6%12.2%21.6%78.2%40.1%9.3%-4.2%-114.0K4.6M-9.7K0.6792.26N/AN/A259174566637
2022-01-31$125.10$130.0036.1%10.3%26.5%58.3%34.1%8.4%-4.8%-137.7K4.3M-8.5K0.6994.80N/AN/A259178576653