IWC Options History — May 2022

In May 2022, IWC traded between $106.16 and $120.24. ATM implied volatility averaged 34.5%, placing in the 38.1% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 1.4% (HV 20d: 33.1%). Max pain ranged from $120.00 to $150.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 8.41.

Notable Days

  • 2022-05-20: Highest Volume — 761 contracts
  • 2022-05-18: Largest IV spike — 25.7% change
  • 2022-05-10: Highest IV Rank — 66.5%
  • 2022-05-02: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$112.00$106.16$120.24$115.94$115.21
Max Pain$145.71$120.00$150.00$120.00$150.00
ATM IV34.5%24.9%47.4%38.9%32.7%
Expected Move9.5%7.1%11.1%11.1%9.4%
HV 20d33.1%23.6%37.5%23.6%37.5%
HV 60d27.7%24.3%29.4%24.3%29.2%
IV Rank38.1%17.0%66.5%47.8%34.3%
IV Percentile77.0%29.0%98.4%91.3%73.0%
Term Structure-1.8%-5.9%2.6%-4.9%-1.7%
VWIV29.0%21.0%38.1%35.7%32.7%
Skew 25d7.4%-0.6%14.2%9.3%4.6%
Skew 10d15.2%6.2%26.6%12.6%12.8%
Call IV 25d31.2%26.2%40.1%34.6%30.1%
Put IV 25d38.7%31.5%44.2%44.0%34.8%
Bid-Ask Spread %98.5485.47102.4285.47101.89
Gamma HHI0.560.440.780.760.53
Net GEX-191.5K-295.5K-108.7K-119.6K-258.9K
Net DEX5.9M4.4M7.0M4.7M5.6M
Net VEX-10.0K-12.5K-5.3K-6.7K-10.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.412.4412.692.497.05
Total Volume585.238234761234443
Total OI910.3336931,0306931,023

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$115.94$120.0038.9%11.1%23.6%47.8%35.7%9.3%-4.9%-119.6K4.7M-6.7K2.4985.47N/AN/A6716765628
2022-05-03$117.73$120.0031.6%9.1%24.4%31.8%29.4%9.1%2.6%-129.0K4.6M-6.7K2.4992.36N/AN/A6716766628
2022-05-04$120.24$120.0032.3%9.3%25.4%33.3%25.7%4.1%-4.4%-140.3K4.4M-6.1K2.4495.00N/AN/A6816666628
2022-05-05$115.18$150.0033.4%8.9%28.9%35.7%32.3%10.1%1.8%-147.7K4.4M-7.6K2.4498.87N/AN/A6816668632
2022-05-06$113.55$150.0037.4%9.2%29.0%44.6%32.3%8.4%-0.7%-130.1K4.8M-6.4K2.4495.24N/AN/A6816668632
2022-05-09$108.53$150.0039.9%9.7%32.2%50.0%24.5%0.8%2.2%-123.8K5.0M-5.5K2.44100.92N/AN/A6816668632
2022-05-10$108.43$150.0047.4%9.9%32.3%66.5%38.1%3.2%-0.3%-108.7K5.2M-5.3K10.7398.33N/AN/A6367669633
2022-05-11$106.46$150.0037.8%10.8%32.5%45.3%23.7%8.6%-3.9%-178.5K6.6M-12.5K10.5697.88N/AN/A6467672943
2022-05-12$106.16$150.0037.9%10.9%30.1%45.5%23.7%9.9%-5.1%-164.8K7.0M-11.9K10.1699.67N/AN/A6768174943
2022-05-13$110.40$150.0036.3%10.4%34.7%42.1%31.8%14.2%-5.9%-199.5K6.7M-12.4K10.1697.78N/AN/A6768174948
2022-05-16$110.15$150.0035.4%10.2%34.6%40.2%32.5%10.8%-3.8%-196.2K6.6M-12.4K10.0497.17N/AN/A6868375948
2022-05-17$113.47$150.0028.9%8.3%36.1%25.8%28.5%-0.6%1.4%-235.5K6.3M-12.3K10.04101.44N/AN/A6868376951
2022-05-18$109.71$150.0036.3%10.4%37.1%42.2%23.2%9.7%-5.7%-198.9K6.3M-12.2K10.8498.78N/AN/A6368376951
2022-05-19$110.26$150.0033.8%9.7%36.2%36.7%32.5%9.4%-2.4%-209.1K6.7M-12.0K10.9499.25N/AN/A6368975951
2022-05-20$109.11$150.0035.1%10.1%35.9%39.5%31.2%4.9%-2.0%-201.9K6.7M-11.8K9.57101.06N/AN/A7268975955
2022-05-23$110.78$150.0028.3%8.1%36.6%24.5%24.0%4.9%-0.3%-240.3K6.7M-11.4K12.49101.12N/AN/A5568754941
2022-05-24$109.34$150.0034.8%10.0%35.8%38.8%34.0%4.0%-4.6%-208.3K6.7M-11.3K12.49101.56N/AN/A5568759946
2022-05-25$111.28$150.0030.5%8.8%36.6%29.4%23.1%12.9%0.4%-243.6K6.7M-11.2K12.69102.33N/AN/A5468559946
2022-05-26$113.85$150.0024.9%7.1%37.3%17.0%21.0%6.6%1.0%-295.5K6.3M-11.3K12.45100.88N/AN/A5568561947
2022-05-27$116.30$150.0030.6%8.8%37.3%29.6%29.4%11.3%-2.4%-292.0K5.7M-11.3K11.61102.42N/AN/A5968564947
2022-05-31$115.21$150.0032.7%9.4%37.5%34.3%32.7%4.6%-1.7%-258.9K5.6M-10.9K7.05101.89N/AN/A5538872951