IWC Options History — July 2022

In July 2022, IWC traded between $105.22 and $114.55. ATM implied volatility averaged 32.3%, placing in the 33.4% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 3.8% (HV 20d: 28.6%). Max pain ranged from $106.00 to $113.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 7.75.

Notable Days

  • 2022-07-20: Highest Volume — 441 contracts
  • 2022-07-11: Largest IV spike — 48.6% change
  • 2022-07-11: Highest IV Rank — 96.3%
  • 2022-07-01: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$109.61$105.22$114.55$105.22$114.55
Max Pain$106.80$106.00$113.00$113.00$107.00
ATM IV32.3%24.8%60.9%33.1%24.8%
Expected Move8.3%7.1%9.5%9.5%7.1%
HV 20d28.6%22.4%35.2%34.3%23.4%
HV 60d32.4%32.0%32.7%32.0%32.3%
IV Rank33.4%16.8%96.3%35.1%16.8%
IV Percentile55.4%20.2%99.2%69.4%20.2%
Term Structure-0.6%-4.8%2.6%-1.0%0.8%
VWIV30.3%27.1%34.0%28.5%27.2%
Skew 25d6.7%2.4%11.6%6.3%5.2%
Skew 10d12.8%4.3%23.7%15.8%12.0%
Call IV 25d27.6%22.6%36.5%29.5%24.3%
Put IV 25d34.3%29.5%38.9%35.8%29.5%
Bid-Ask Spread %83.4360.39107.8295.40103.37
Gamma HHI0.600.500.700.700.50
Net GEX-102.4K-130.1K-87.4K-91.8K-100.5K
Net DEX1.4M819.4K1.9M1.9M819.4K
Net VEX-6.2K-7.0K-4.7K-7.0K-4.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.757.0210.038.817.82
Total Volume432.6412441412441
Total OI470.65440481452481

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-07-01$105.22$113.0033.1%9.5%34.3%35.1%28.5%6.3%-1.0%-91.8K1.9M-7.0K8.8195.40N/AN/A4237051401
2022-07-05$106.21$106.0035.9%9.2%34.7%41.3%31.6%7.8%-1.6%-100.2K1.9M-6.8K7.5563.87N/AN/A4937051402
2022-07-06$106.38$106.0037.3%9.2%34.8%44.4%31.6%2.4%-2.1%-94.5K1.8M-7.0K7.5586.92N/AN/A4937062402
2022-07-07$108.96$106.0031.8%8.6%35.1%32.1%31.2%7.7%-0.2%-91.1K1.6M-6.8K7.0260.61N/AN/A5337262402
2022-07-08$109.60$106.0041.0%8.2%35.2%52.4%32.3%11.6%-1.6%-87.4K1.5M-6.8K7.0286.59N/AN/A5337266404
2022-07-11$107.25$106.0060.9%9.4%35.2%96.3%32.3%7.1%-3.4%-89.3K1.5M-6.6K7.0471.76N/AN/A5337366404
2022-07-12$106.72$106.0046.1%8.9%34.0%63.7%31.5%5.8%-0.6%-92.1K1.7M-6.5K7.0460.39N/AN/A5337366405
2022-07-13$107.29$106.0031.0%8.9%27.5%30.5%29.9%8.0%-1.7%-104.7K1.8M-6.5K7.1778.65N/AN/A5338066405
2022-07-14$106.13$106.0032.5%9.3%27.8%33.7%33.0%3.8%-1.1%-105.1K1.8M-6.6K7.2174.28N/AN/A5338266413
2022-07-15$107.99$106.0028.8%8.2%27.9%25.5%29.8%8.6%1.8%-112.4K1.7M-6.4K7.2688.00N/AN/A5338566411
2022-07-18$107.71$106.0030.1%8.6%22.4%28.6%30.6%8.7%-1.3%-109.4K1.4M-6.1K10.0380.67N/AN/A3939142398
2022-07-19$111.54$107.0024.9%7.1%25.1%16.9%29.1%6.5%0.7%-130.1K1.3M-5.8K8.6987.73N/AN/A4539146419
2022-07-20$113.65$107.0025.7%7.4%24.5%18.7%27.6%3.9%0.9%-111.4K1.1M-5.5K7.8280.77N/AN/A5039155419
2022-07-21$113.37$107.0028.2%8.1%24.2%24.2%30.2%8.7%-0.8%-88.6K1.1M-6.1K7.8279.50N/AN/A5039161420
2022-07-22$110.60$107.0027.4%7.9%26.2%22.6%28.8%8.2%2.3%-92.4K1.1M-5.9K7.8288.63N/AN/A5039161420
2022-07-25$110.92$107.0028.3%8.1%25.4%24.6%28.6%5.0%-0.0%-102.6K1.2M-5.9K7.8283.30N/AN/A5039161419
2022-07-26$110.83$107.0026.5%7.6%25.4%20.6%34.0%9.8%-4.8%-109.8K1.3M-6.0K7.8292.32N/AN/A5039161419
2022-07-27$113.33$107.0025.6%7.3%25.2%18.6%27.1%5.1%2.6%-117.6K996.6K-5.1K7.8297.94N/AN/A5039161419
2022-07-28$113.96$107.0026.9%7.7%23.6%21.4%32.0%3.7%-1.1%-116.2K881.2K-5.2K7.82107.82N/AN/A5039161419
2022-07-29$114.55$107.0024.8%7.1%23.4%16.8%27.2%5.2%0.8%-100.5K819.4K-4.7K7.82103.37N/AN/A5039162419