IWC Options History — January 2023

In January 2023, IWC traded between $106.78 and $118.07. ATM implied volatility averaged 22.5%, placing in the 9.7% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 2.8% (HV 20d: 19.7%). Max pain ranged from $106.00 to $115.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 4.53.

Notable Days

  • 2023-01-13: Highest Volume — 186 contracts
  • 2023-01-27: Largest IV spike — 18.0% change
  • 2023-01-03: Highest IV Rank — 22.2%
  • 2023-01-03: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$113.61$106.78$118.07$106.78$118.07
Max Pain$111.70$106.00$115.00$110.00$115.00
ATM IV22.5%17.6%27.3%27.3%20.9%
Expected Move6.4%5.1%7.8%7.8%6.0%
HV 20d19.7%16.9%22.0%21.1%17.6%
HV 60d24.5%23.4%25.9%25.9%23.4%
IV Rank9.7%0.0%22.2%22.2%7.2%
IV Percentile6.5%0.0%24.6%24.6%2.4%
Term Structure0.9%-1.8%5.3%0.7%1.2%
VWIV23.5%16.5%30.4%30.4%23.2%
Skew 25d3.3%-4.4%8.6%4.7%4.1%
Skew 10d8.1%-1.5%14.2%-1.5%13.1%
Call IV 25d22.0%18.7%30.6%25.4%22.5%
Put IV 25d25.3%22.2%30.2%30.2%26.5%
Bid-Ask Spread %61.4724.43107.38101.7994.32
Gamma HHI0.370.140.840.840.31
Net GEX-96.2K-368.4K19.2K-342.1K-49.4K
Net DEX265.9K-480.3K1.7M1.7M-43.9K
Net VEX-4.5K-8.4K-2.8K-8.4K-2.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.530.0045.500.001.00
Total Volume20.85018610
Total OI1,685.14252,5182,273427

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$106.78$110.0027.3%7.8%21.1%22.2%30.4%4.7%0.7%-342.1K1.7M-8.4K0.00101.79N/AN/A01472,226
2023-01-04$107.84$110.0024.4%7.0%19.3%15.9%21.7%1.3%2.5%-308.0K1.3M-7.3K0.0086.65N/AN/A10472,225
2023-01-05$107.42$106.0026.1%7.4%19.0%19.6%0.0%4.6%0.9%-368.4K1.6M-7.7K0.5048.30N/AN/A21482,225
2023-01-06$109.61$106.0022.9%6.9%20.4%12.6%0.0%4.0%0.7%-198.7K833.9K-5.4K0.0448.40N/AN/A281502,226
2023-01-09$109.90$106.0025.0%7.1%20.3%17.1%0.0%8.6%0.3%-163.1K450.7K-5.3K0.0061.78N/AN/A02782,225
2023-01-10$111.50$106.0024.6%6.7%20.6%16.3%23.8%3.1%2.2%-63.7K223.5K-4.5K0.3640.72N/AN/A2810782,225
2023-01-11$112.62$110.0023.8%6.8%20.8%11.0%23.5%4.0%0.4%-34.7K12.5K-4.2K1.0828.44N/AN/A1314812,230
2023-01-12$115.06$110.0021.7%6.2%21.9%6.3%0.0%3.3%0.7%7.3K-324.4K-3.8K1.0024.43N/AN/A2020912,238
2023-01-13$116.41$110.0020.5%5.9%22.0%3.5%26.9%3.4%1.0%19.2K-480.3K-3.5K45.5033.03N/AN/A41821112,258
2023-01-17$116.22$110.0021.0%6.0%20.0%4.6%21.5%3.7%0.7%9.9K-443.8K-3.4K0.0031.06N/AN/A0221112,363
2023-01-18$114.19$115.0022.8%6.5%21.4%8.6%21.3%4.4%0.3%-19.6K-84.7K-4.2K0.0729.90N/AN/A3021112,384
2023-01-19$113.37$115.0022.9%6.6%19.6%9.0%27.0%4.1%-0.2%-36.8K158.0K-4.4K0.0035.25N/AN/A0211112,406
2023-01-20$115.02$115.0022.0%6.3%19.9%6.9%0.0%0.5%0.2%-49.0K-183.8K-3.8K0.0054.36N/AN/A021112,407
2023-01-23$116.00$115.0022.6%6.5%19.6%8.2%22.2%-1.6%-1.3%-61.1K208.7K-4.1K0.0070.47N/AN/A5059368
2023-01-24$116.16$115.0021.1%6.0%18.8%4.8%20.4%-4.4%0.0%-61.1K152.7K-4.0K0.33107.38N/AN/A3162368
2023-01-25$116.41$115.0019.4%5.6%18.8%0.9%0.0%3.6%4.5%-54.9K115.4K-3.4K0.0087.86N/AN/A0059368
2023-01-26$116.06$115.0017.6%5.1%18.3%0.0%26.9%3.9%5.3%-51.3K26.2K-3.2K0.0085.05N/AN/A0159368
2023-01-27$117.59$115.0020.8%6.0%17.7%7.1%16.5%5.5%-0.7%-45.6K6.6K-3.2K0.0082.20N/AN/A0159367
2023-01-30$116.00$115.0023.1%6.6%16.9%12.1%23.2%5.0%-1.8%-51.9K58.3K-3.3K1.0077.94N/AN/A1159366
2023-01-31$118.07$115.0020.9%6.0%17.6%7.2%0.0%4.1%1.2%-49.4K-43.9K-2.8K0.0094.32N/AN/A0060367