IWC Options History — February 2023

In February 2023, IWC traded between $113.56 and $121.38. ATM implied volatility averaged 22.8%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 4.8% (HV 20d: 18.0%). Max pain ranged from $108.00 to $115.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 2.32.

Notable Days

  • 2023-02-01: Highest Volume — 127 contracts
  • 2023-02-02: Largest IV spike — 29.9% change
  • 2023-02-03: Highest IV Rank — 19.4%
  • 2023-02-13: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.70$113.56$121.38$120.52$115.28
Max Pain$112.00$108.00$115.00$115.00$114.00
ATM IV22.8%16.7%26.3%17.6%23.1%
Expected Move6.4%4.8%7.2%5.0%6.6%
HV 20d18.0%15.8%19.5%18.0%18.7%
HV 60d20.7%19.2%23.7%23.7%19.3%
IV Rank12.4%0.0%19.4%0.0%14.0%
IV Percentile12.0%0.0%27.4%0.0%11.9%
Term Structure0.2%-2.8%5.8%1.6%4.5%
VWIV22.3%13.4%31.5%21.7%13.4%
Skew 25d4.2%-2.8%8.8%4.8%6.1%
Skew 10d8.1%-0.4%12.1%4.4%6.5%
Call IV 25d20.7%18.3%28.0%20.1%21.1%
Put IV 25d24.9%16.4%31.2%24.8%27.2%
Bid-Ask Spread %91.5971.67113.93111.28113.93
Gamma HHI0.220.120.410.410.14
Net GEX-23.7K-52.8K-2.1K-16.6K-6.2K
Net DEX-157.2K-323.1K-21.9K-196.6K-107.9K
Net VEX-2.4K-2.8K-1.9K-2.2K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.320.0017.1417.140.00
Total Volume1201271270
Total OI394.526257468427292

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$120.52$115.0017.6%5.0%18.0%0.0%21.7%4.8%1.6%-16.6K-196.6K-2.2K17.14111.28N/AN/A712060367
2023-02-02$121.30$108.0022.8%5.8%18.0%11.7%0.0%2.5%1.4%-14.5K-323.1K-2.3K0.6790.26N/AN/A3262355
2023-02-03$121.38$108.0026.3%6.3%17.7%19.4%20.2%3.0%0.1%-13.5K-300.4K-2.4K1.0090.33N/AN/A2263357
2023-02-06$120.13$111.0024.3%6.4%17.8%15.0%16.0%4.4%-1.3%-17.0K-289.4K-2.4K1.1076.83N/AN/A202265359
2023-02-07$120.65$111.0023.9%6.1%17.8%14.0%0.0%5.4%-0.5%-16.7K-259.8K-2.6K0.0072.14N/AN/A0085379
2023-02-08$118.96$111.0022.6%6.5%18.6%11.1%31.5%4.8%0.3%-30.3K-208.0K-2.6K0.0072.63N/AN/A0185379
2023-02-09$117.19$111.0023.9%6.8%19.5%14.0%20.8%5.7%-1.3%-47.7K-82.5K-2.8K0.0071.67N/AN/A1085380
2023-02-10$117.25$111.0023.5%6.7%18.1%13.1%0.0%4.0%0.6%-47.2K-26.0K-2.7K0.0083.55N/AN/A0084380
2023-02-13$117.77$111.0025.0%7.2%17.7%16.5%0.0%4.4%-2.8%-35.7K-108.6K-2.2K0.0095.63N/AN/A0184380
2023-02-14$118.08$111.0021.4%6.1%17.7%8.4%0.0%4.2%-0.9%-40.5K-152.6K-2.1K0.0096.80N/AN/A1084381
2023-02-15$118.85$111.0016.7%4.8%16.4%0.0%0.0%-2.8%5.8%-11.5K-280.7K-1.9K0.00100.34N/AN/A0184381
2023-02-16$117.91$111.0021.6%6.2%16.4%10.8%29.2%1.9%-0.4%-49.7K-173.0K-2.2K0.0096.38N/AN/A5084382
2023-02-17$118.30$114.0022.3%6.4%15.8%12.2%0.0%8.8%0.7%-52.8K-62.2K-2.8K0.0097.90N/AN/A0286382
2023-02-21$115.20$114.0022.5%6.5%18.4%12.7%23.0%3.2%-1.4%-16.9K-71.6K-2.6K0.0091.02N/AN/A0360197
2023-02-22$114.46$114.0024.6%7.1%18.5%17.4%25.2%7.8%2.9%-11.4K-87.1K-2.4K1.0089.15N/AN/A2260198
2023-02-23$115.32$114.0023.1%6.6%18.7%14.0%13.4%2.1%-1.7%-4.5K-118.0K-2.2K0.00100.96N/AN/A1062200
2023-02-24$113.56$114.0024.0%6.9%19.4%15.9%0.0%6.2%-2.7%-15.4K-21.9K-2.3K0.0095.43N/AN/A03062200
2023-02-27$114.22$114.0023.8%6.8%18.9%15.5%0.0%4.3%-0.7%-2.1K-118.0K-2.1K0.0093.99N/AN/A0062230
2023-02-28$115.28$114.0023.1%6.6%18.7%14.0%0.0%6.1%4.5%-6.2K-107.9K-2.1K0.00113.93N/AN/A0062230