IWC Options History — December 2022

In December 2022, IWC traded between $104.09 and $113.92. ATM implied volatility averaged 28.9%, placing in the 25.9% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 5.4% (HV 20d: 23.5%). Max pain ranged from $107.00 to $110.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 2.54.

Notable Days

  • 2022-12-05: Highest Volume — 22 contracts
  • 2022-12-14: Largest IV drop — 53.3% change
  • 2022-12-12: Highest IV Rank — 68.9%
  • 2022-12-01: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$108.16$104.09$113.92$113.21$107.34
Max Pain$108.86$107.00$110.00$110.00$110.00
ATM IV28.9%20.3%48.5%31.6%23.3%
Expected Move7.2%5.8%9.1%9.1%6.7%
HV 20d23.5%19.8%31.2%29.4%21.4%
HV 60d28.3%25.9%30.4%30.0%25.9%
IV Rank25.9%6.9%68.9%31.8%13.6%
IV Percentile33.0%0.8%98.4%46.0%4.4%
Term Structure1.6%-6.7%6.6%-6.7%2.8%
VWIV25.8%17.8%34.1%27.7%22.3%
Skew 25d2.9%-3.7%9.1%3.9%3.1%
Skew 10d7.2%-5.0%16.5%0.5%12.4%
Call IV 25d24.1%15.2%28.5%25.3%23.3%
Put IV 25d27.1%20.3%30.1%29.2%26.4%
Bid-Ask Spread %83.2557.60107.34106.08107.34
Gamma HHI0.660.260.930.350.90
Net GEX-286.5K-647.3K-24.8K-27.2K-561.7K
Net DEX1.7M346.9K3.4M346.9K1.7M
Net VEX-9.0K-14.4K-4.0K-4.1K-8.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.540.0016.005.000.50
Total Volume7.28602263
Total OI1,523.4762762,3272762,270

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-12-01$113.21$110.0031.6%9.1%29.4%31.8%0.0%3.9%-6.7%-27.2K346.9K-4.1K5.00106.08N/AN/A1551225
2022-12-02$113.92$110.0023.0%6.6%29.3%12.9%27.7%-0.3%3.8%-27.4K374.5K-4.2K3.0099.39N/AN/A2652230
2022-12-05$110.70$107.0029.1%7.3%31.2%26.2%0.0%4.9%1.9%-29.9K385.7K-4.0K0.0567.28N/AN/A21153229
2022-12-06$109.43$107.0036.0%7.3%31.1%41.5%17.8%2.0%2.0%-24.8K443.5K-4.3K1.2576.57N/AN/A81073230
2022-12-07$109.17$107.0035.6%7.7%31.1%40.7%25.3%5.0%2.4%-31.6K536.4K-4.4K0.0076.83N/AN/A4070230
2022-12-08$109.76$107.0031.1%7.3%28.5%30.8%34.1%3.4%-0.5%-27.8K482.5K-4.5K0.6773.70N/AN/A3274230
2022-12-09$108.77$107.0036.0%7.5%21.1%41.4%27.1%4.3%1.9%-32.8K551.3K-4.4K0.0059.94N/AN/A0176232
2022-12-12$109.53$107.0048.5%8.0%20.7%68.9%29.9%3.4%-0.2%-29.8K505.5K-4.3K3.0057.60N/AN/A2676233
2022-12-13$110.15$107.0043.5%7.3%20.8%57.9%0.0%1.6%-0.0%-281.4K2.0M-11.9K0.0069.52N/AN/A00772,237
2022-12-14$109.56$107.0020.3%5.8%20.3%6.9%22.3%0.6%6.6%-282.9K1.9M-11.9K0.00101.37N/AN/A03772,237
2022-12-15$107.20$110.0025.0%7.2%20.1%17.2%0.0%3.9%2.2%-388.3K2.6M-12.8K0.0071.66N/AN/A010772,240
2022-12-16$106.90$110.0024.8%7.1%19.8%16.7%29.1%5.2%3.5%-413.8K3.0M-13.9K0.0072.64N/AN/A04772,250
2022-12-19$104.58$110.0025.6%7.3%20.7%18.4%25.9%0.9%1.8%-485.3K3.4M-14.4K0.0069.67N/AN/A010272,218
2022-12-20$105.67$110.0025.6%7.3%21.2%18.6%25.7%5.0%2.5%-444.8K3.2M-14.0K16.0076.04N/AN/A116272,228
2022-12-21$107.12$110.0024.4%7.0%21.5%16.0%22.3%3.6%1.0%-396.4K2.4M-11.6K0.0779.54N/AN/A141282,224
2022-12-22$105.94$110.0022.3%6.4%21.7%11.3%25.2%9.1%3.9%-450.1K2.6M-12.2K0.00106.70N/AN/A07412,225
2022-12-23$106.06$110.0024.1%6.9%21.5%15.3%25.0%2.6%1.7%-447.4K2.7M-12.1K0.0086.62N/AN/A07412,229
2022-12-27$105.10$110.0025.1%7.2%20.0%17.4%0.0%0.9%1.9%-495.1K2.7M-11.6K0.0086.27N/AN/A00412,225
2022-12-28$104.09$110.0027.3%7.8%20.0%22.2%29.4%2.4%0.4%-490.8K3.0M-11.9K1.0096.54N/AN/A11412,225
2022-12-29$107.09$110.0025.1%7.2%21.7%17.5%24.0%-3.7%0.2%-647.3K2.0M-8.7K0.00106.90N/AN/A30422,225
2022-12-30$107.34$110.0023.3%6.7%21.4%13.6%22.3%3.1%2.8%-561.7K1.7M-8.1K0.50107.34N/AN/A21452,225