IWC Options History — February 2022

In February 2022, IWC traded between $122.00 and $129.43. ATM implied volatility averaged 35.2%, placing in the 55.5% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 8.2% (HV 20d: 27.0%). Max pain ranged from $130.00 to $140.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 2.05.

Notable Days

  • 2022-02-18: Highest Volume — 1,028 contracts
  • 2022-02-09: Largest IV drop — 27.5% change
  • 2022-02-23: Highest IV Rank — 79.7%
  • 2022-02-23: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$126.30$122.00$129.43$127.43$127.17
Max Pain$135.42$130.00$140.00$130.00$133.00
ATM IV35.2%27.8%43.1%34.6%37.5%
Expected Move9.8%8.0%12.3%9.9%10.7%
HV 20d27.0%26.0%27.9%26.9%26.2%
HV 60d24.9%24.2%25.5%24.3%25.3%
IV Rank55.5%32.6%79.7%53.8%62.6%
IV Percentile78.0%48.4%95.2%77.8%88.1%
Term Structure-3.3%-7.4%0.1%-6.0%-6.8%
VWIV39.0%31.4%49.2%32.1%37.1%
Skew 25d10.7%2.8%18.9%7.9%11.2%
Skew 10d18.4%10.5%25.1%22.2%25.1%
Call IV 25d29.8%22.6%37.5%32.3%33.0%
Put IV 25d40.5%34.1%50.4%40.2%44.2%
Bid-Ask Spread %94.0788.79101.9598.45101.95
Gamma HHI0.260.180.510.210.24
Net GEX-168.9K-255.5K-94.5K-137.3K-114.3K
Net DEX4.3M3.7M5.0M3.8M3.8M
Net VEX-12.1K-14.7K-7.3K-10.6K-7.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.050.582.670.581.65
Total Volume907.5264601,028460668
Total OI1,686.4211,2391,8041,2391,506

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$127.43$130.0034.6%9.9%26.9%53.8%32.1%7.9%-6.0%-137.3K3.8M-10.6K0.5898.45N/AN/A291169581658
2022-02-02$125.62$130.0032.3%9.2%27.1%46.5%31.4%7.2%-3.2%-94.5K3.8M-11.2K2.2292.64N/AN/A290645617663
2022-02-03$123.50$140.0036.1%8.9%26.0%58.3%35.7%11.6%-1.8%-209.2K4.9M-14.7K2.2791.94N/AN/A2856466171,143
2022-02-04$124.79$140.0036.8%9.2%26.5%60.6%37.0%7.4%-2.6%-233.5K5.0M-14.5K2.2888.79N/AN/A2856496191,146
2022-02-07$125.77$140.0031.8%9.4%26.8%45.2%40.1%2.8%-3.2%-197.1K4.9M-14.7K2.2592.88N/AN/A2906526221,150
2022-02-08$127.54$140.0038.3%8.3%27.3%65.1%34.8%12.7%-1.1%-199.9K4.4M-11.7K1.9590.47N/AN/A3346526281,153
2022-02-09$129.23$135.0027.8%8.0%27.2%32.6%33.7%8.4%-0.1%-164.0K3.9M-12.8K1.9189.94N/AN/A3426536391,153
2022-02-10$127.36$135.0032.2%9.2%27.5%46.1%36.4%9.5%-0.4%-134.6K3.8M-13.9K1.9195.21N/AN/A3426536471,151
2022-02-11$126.32$135.0035.7%10.2%27.4%57.1%40.2%11.7%-5.6%-156.6K4.4M-14.4K1.9191.51N/AN/A3426536471,151
2022-02-14$126.09$135.0037.5%10.7%27.4%62.5%46.6%15.2%-6.0%-174.1K4.6M-14.6K2.0594.18N/AN/A3196536471,151
2022-02-15$129.37$135.0033.1%9.5%27.9%49.1%40.0%9.1%-0.6%-131.3K4.0M-11.1K2.0194.08N/AN/A3236506481,151
2022-02-16$129.43$135.0030.1%8.6%27.4%39.9%40.2%10.8%0.1%-135.9K3.9M-12.2K2.1691.60N/AN/A3236996521,152
2022-02-17$126.76$135.0034.6%9.9%27.5%53.7%41.7%5.8%-2.6%-127.3K3.7M-12.2K2.1693.13N/AN/A3236986521,148
2022-02-18$125.75$135.0036.7%10.5%26.7%60.1%41.5%10.4%-2.7%-195.7K4.6M-12.6K2.1492.77N/AN/A3277016521,148
2022-02-22$124.36$135.0039.6%11.3%26.9%68.9%49.2%18.9%-1.5%-204.6K4.7M-12.7K2.5794.11N/AN/A2496405671,110
2022-02-23$122.00$135.0043.1%12.3%27.6%79.7%44.7%18.9%-7.4%-209.6K4.7M-11.7K2.5597.39N/AN/A2516395681,115
2022-02-24$124.45$135.0036.1%10.4%27.5%58.4%40.0%16.5%-5.9%-255.5K4.6M-9.4K1.73101.27N/AN/A2514355701,116
2022-02-25$126.70$135.0034.9%10.0%26.3%54.7%38.7%7.1%-4.6%-133.5K3.9M-7.3K2.6794.95N/AN/A251670579925
2022-02-28$127.17$133.0037.5%10.7%26.2%62.6%37.1%11.2%-6.8%-114.3K3.8M-7.7K1.65101.95N/AN/A252416585921