IWC Options History — April 2022

In April 2022, IWC traded between $115.71 and $131.09. ATM implied volatility averaged 32.5%, placing in the 37.3% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 9.2% (HV 20d: 23.3%). Max pain ranged from $115.00 to $123.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 3.01.

Notable Days

  • 2022-04-13: Highest Volume — 249 contracts
  • 2022-04-13: Largest IV drop — 62.1% change
  • 2022-04-11: Highest IV Rank — 100.0%
  • 2022-04-26: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$124.17$115.71$131.09$130.25$115.71
Max Pain$118.35$115.00$123.00$115.00$120.00
ATM IV32.5%22.5%62.6%24.5%31.3%
Expected Move7.9%6.0%10.0%7.1%9.0%
HV 20d23.3%20.6%25.6%24.4%24.0%
HV 60d25.0%24.2%25.6%25.0%24.5%
IV Rank37.3%11.7%100.0%22.6%31.0%
IV Percentile57.6%12.7%100.0%25.4%70.6%
Term Structure0.6%-2.9%5.2%-1.1%2.1%
VWIV26.9%17.8%35.5%17.8%31.2%
Skew 25d8.1%1.4%17.5%6.0%8.9%
Skew 10d15.3%9.1%19.7%14.9%13.2%
Call IV 25d24.1%18.6%30.5%21.0%29.0%
Put IV 25d32.2%23.3%40.5%27.0%38.0%
Bid-Ask Spread %84.2059.7898.0559.7894.05
Gamma HHI0.500.260.750.290.75
Net GEX-108.6K-138.4K-85.6K-101.3K-113.4K
Net DEX4.1M3.7M4.6M3.7M4.5M
Net VEX-7.1K-8.5K-6.0K-8.5K-6.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.010.094.413.212.49
Total Volume220.412249244234
Total OI684.7654704697690

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$130.25$115.0024.5%7.1%24.4%22.6%17.8%6.0%-1.1%-101.3K3.7M-8.5K3.2159.78N/AN/A5818666631
2022-04-04$131.09$115.0024.2%6.0%24.1%21.6%28.1%3.1%1.4%-90.0K3.7M-8.4K3.2184.86N/AN/A5818666632
2022-04-05$128.44$115.0023.9%6.9%25.4%20.7%18.5%7.2%-0.3%-85.6K3.8M-7.8K3.1074.74N/AN/A6018666632
2022-04-06$126.52$115.0031.8%7.4%24.8%44.9%25.8%3.7%2.8%-90.8K4.0M-7.9K2.9781.11N/AN/A6017868631
2022-04-07$126.58$115.0030.2%7.7%24.8%40.0%24.1%1.4%1.0%-98.4K4.1M-7.7K2.9777.35N/AN/A6017866632
2022-04-08$125.93$115.0046.0%8.6%24.4%88.8%24.2%3.3%-1.6%-105.2K4.0M-7.8K2.9780.13N/AN/A6017866632
2022-04-11$124.67$115.0061.5%7.4%22.3%100.0%30.1%8.0%0.8%-115.4K4.1M-7.4K3.0396.03N/AN/A6018266631
2022-04-12$123.97$115.0062.6%8.0%22.1%100.0%27.8%16.3%-1.4%-96.3K4.2M-7.5K2.8093.19N/AN/A6518266631
2022-04-13$127.21$115.0023.8%6.8%22.6%14.5%27.4%10.1%3.0%-120.9K4.0M-8.2K2.8389.90N/AN/A6518471631
2022-04-14$126.22$120.0023.5%6.7%20.7%14.0%24.5%6.7%2.9%-92.0K4.0M-6.7K2.8386.52N/AN/A6518471633
2022-04-18$124.70$120.0026.5%7.6%20.6%20.6%24.6%5.7%1.3%-99.0K4.0M-6.1K4.4175.72N/AN/A3917234620
2022-04-19$126.81$120.0022.5%6.5%21.5%11.7%23.2%7.7%5.2%-126.3K3.9M-6.0K3.8478.22N/AN/A4517335620
2022-04-20$127.45$120.0026.4%7.6%21.1%20.3%28.1%17.5%1.1%-111.5K3.8M-6.1K3.6498.05N/AN/A4516441622
2022-04-21$123.46$120.0027.1%7.8%23.6%21.9%28.0%11.8%3.2%-108.1K3.9M-6.2K3.3795.76N/AN/A4916541623
2022-04-22$121.08$123.0029.3%8.4%24.1%26.7%27.4%7.1%0.6%-110.3K4.2M-6.7K3.3782.12N/AN/A4916547626
2022-04-25$120.61$123.0033.1%9.5%24.1%35.0%30.3%8.2%-2.9%-126.5K4.5M-6.8K3.3082.87N/AN/A5016547626
2022-04-26$117.33$123.0034.9%10.0%25.6%39.0%28.1%6.3%-0.8%-114.2K4.4M-6.6K3.3082.93N/AN/A5016548626
2022-04-27$117.01$123.0033.4%9.6%22.9%35.7%35.5%9.4%-2.7%-127.7K4.5M-6.9K0.0980.75N/AN/A11148626
2022-04-28$118.41$120.0033.9%9.7%23.1%36.7%33.5%13.2%-2.0%-138.4K4.6M-7.0K2.5589.99N/AN/A6516659627
2022-04-29$115.71$120.0031.3%9.0%24.0%31.0%31.2%8.9%2.1%-113.4K4.5M-6.7K2.4994.05N/AN/A6716763627