IWC Options History — March 2022

In March 2022, IWC traded between $122.39 and $132.56. ATM implied volatility averaged 31.1%, placing in the 42.8% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 5.8% (HV 20d: 25.3%). Max pain ranged from $105.00 to $150.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 2.89.

Notable Days

  • 2022-03-08: Highest Volume — 1,080 contracts
  • 2022-03-04: Largest IV spike — 24.7% change
  • 2022-03-04: Highest IV Rank — 84.9%
  • 2022-03-04: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$127.99$122.39$132.56$125.56$129.13
Max Pain$126.95$105.00$150.00$130.00$115.00
ATM IV31.1%19.0%44.7%38.3%26.6%
Expected Move9.1%6.1%12.8%11.0%7.0%
HV 20d25.3%23.6%27.8%23.6%24.8%
HV 60d24.9%24.1%25.6%25.3%25.6%
IV Rank42.8%5.6%84.9%65.0%28.9%
IV Percentile56.5%0.4%98.4%89.3%42.5%
Term Structure-0.8%-6.2%2.6%-5.3%1.9%
VWIV33.8%19.3%52.5%45.7%23.1%
Skew 25d7.8%-2.1%15.0%1.4%-2.1%
Skew 10d17.0%5.0%29.0%21.6%20.9%
Call IV 25d27.9%18.4%36.6%36.6%29.7%
Put IV 25d35.6%27.1%46.5%37.9%27.6%
Bid-Ask Spread %79.7444.79105.5398.5879.45
Gamma HHI0.280.200.460.210.27
Net GEX-105.4K-193.9K-43.1K-99.9K-91.2K
Net DEX3.8M3.3M4.7M3.6M3.7M
Net VEX-8.8K-10.7K-7.3K-8.5K-8.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.891.775.741.773.19
Total Volume662.872411,080697243
Total OI1,2635661,7471,523697

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$125.56$130.0038.3%11.0%23.6%65.0%45.7%1.4%-5.3%-99.9K3.6M-8.5K1.7798.58N/AN/A252445596927
2022-03-02$128.96$130.0036.0%10.3%24.6%58.0%29.4%12.0%-3.5%-109.9K3.4M-9.1K1.77100.70N/AN/A252445596955
2022-03-03$127.16$130.0035.9%10.3%24.6%57.6%37.5%9.4%1.8%-90.9K3.3M-8.7K1.77103.58N/AN/A252445596955
2022-03-04$125.58$130.0044.7%12.8%24.2%84.9%41.8%10.3%-0.4%-107.3K3.7M-8.5K1.77100.94N/AN/A252445596957
2022-03-07$124.43$130.0042.9%12.3%24.2%79.2%44.6%12.7%-5.2%-91.9K3.6M-7.3K1.92104.71N/AN/A252483596958
2022-03-08$125.25$130.0040.1%12.7%24.1%70.7%47.6%13.5%-6.2%-115.8K3.9M-8.1K2.88101.39N/AN/A278802596958
2022-03-09$128.02$133.0034.6%12.0%24.9%53.6%52.5%8.4%-3.1%-146.0K4.3M-10.7K2.88101.72N/AN/A2788025911,139
2022-03-10$127.68$133.0032.5%10.3%24.4%47.1%49.7%6.0%-0.7%-139.7K4.1M-10.2K2.88105.53N/AN/A2788025911,139
2022-03-11$125.95$133.0033.4%10.1%24.4%50.0%33.0%10.8%-1.3%-97.2K4.0M-10.2K2.71103.91N/AN/A2787535911,140
2022-03-14$122.39$150.0036.0%9.7%26.2%58.0%35.9%4.3%-1.9%-120.3K4.3M-9.7K2.7276.66N/AN/A2787555911,143
2022-03-15$123.74$150.0039.3%9.9%26.6%68.0%37.5%15.0%-4.7%-193.9K4.7M-9.2K2.7478.68N/AN/A2767555911,143
2022-03-16$126.54$150.0030.6%8.9%26.2%41.5%32.0%2.8%2.2%-136.3K4.4M-8.5K2.9586.84N/AN/A2567555931,143
2022-03-17$129.75$0.0025.3%7.7%27.8%24.9%0.0%6.8%1.9%-43.1K3.8M-8.2K2.9245.68N/AN/A2597555951,143
2022-03-18$130.96$0.0025.5%7.6%26.8%25.7%0.0%8.8%2.4%-85.9K3.7M-8.3K2.7555.85N/AN/A2767585991,148
2022-03-21$129.63$0.0028.5%7.9%26.9%34.8%39.1%8.8%-3.3%-91.2K3.4M-8.7K5.7445.37N/AN/A4626444522
2022-03-22$131.15$105.0023.8%7.5%26.7%20.5%24.1%6.2%2.4%-88.6K3.5M-8.1K4.4744.79N/AN/A5926447525
2022-03-23$129.88$115.0026.2%7.5%25.9%27.8%24.1%6.3%0.2%-81.8K3.4M-8.1K3.0845.04N/AN/A5918260527
2022-03-24$130.45$115.0024.1%7.1%25.1%21.4%24.0%6.9%-1.9%-102.0K3.7M-9.6K3.0369.48N/AN/A6018260627
2022-03-25$130.06$115.0024.3%6.9%24.5%21.8%22.1%4.9%-1.2%-96.1K3.6M-9.0K3.1074.78N/AN/A5918363629
2022-03-28$129.16$115.0023.6%7.1%24.7%19.9%25.0%8.7%2.5%-97.5K3.8M-9.1K3.1264.82N/AN/A5918465629
2022-03-29$132.56$115.0019.0%6.1%25.7%5.6%19.3%8.6%1.8%-97.7K3.5M-7.6K3.1781.51N/AN/A5818463630
2022-03-30$129.88$115.0023.4%6.6%25.3%19.3%21.7%8.1%2.6%-100.3K3.4M-8.4K3.1964.08N/AN/A5818565630
2022-03-31$129.13$115.0026.6%7.0%24.8%28.9%23.1%-2.1%1.9%-91.2K3.7M-8.5K3.1979.45N/AN/A5818566631