IWC Options History — April 2023

In April 2023, IWC traded between $100.03 and $105.02. ATM implied volatility averaged 20.9%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 2.8% (HV 20d: 23.6%). Max pain ranged from $104.00 to $106.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.31.

Notable Days

  • 2023-04-05: Highest Volume — 153 contracts
  • 2023-04-05: Largest IV spike — 53.9% change
  • 2023-04-12: Highest IV Rank — 19.6%
  • 2023-04-12: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$102.79$100.03$105.02$104.53$101.57
Max Pain$105.68$104.00$106.00$104.00$106.00
ATM IV20.9%15.7%24.9%20.7%21.0%
Expected Move6.1%4.5%7.1%5.9%6.0%
HV 20d23.6%19.3%29.4%28.5%21.2%
HV 60d22.6%22.1%23.1%22.7%22.3%
IV Rank11.1%0.0%19.6%8.8%11.6%
IV Percentile8.9%0.0%30.2%3.2%8.7%
Term Structure-0.1%-3.3%9.1%0.6%-0.1%
VWIV21.6%11.3%27.4%26.4%17.1%
Skew 25d5.6%-3.7%9.2%7.2%4.4%
Skew 10d11.8%7.6%17.2%12.9%16.0%
Call IV 25d18.7%16.3%21.9%18.0%20.1%
Put IV 25d24.3%17.2%29.3%25.2%24.5%
Bid-Ask Spread %85.6465.99103.58100.6797.99
Gamma HHI0.180.120.270.210.18
Net GEX-20.4K-47.7K-4.9K-20.5K-8.3K
Net DEX370.5K201.9K532.6K271.4K485.3K
Net VEX-2.0K-2.4K-1.8K-2.1K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.001.100.000.00
Total Volume21.6320153112
Total OI286.895221335225335

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$104.53$104.0020.7%5.9%28.5%8.8%26.4%7.2%0.6%-20.5K271.4K-2.1K0.00100.67N/AN/A0183142
2023-04-04$102.06$104.0015.7%4.5%29.3%0.0%0.0%8.0%9.1%-23.0K326.6K-2.0K0.00101.42N/AN/A4083140
2023-04-05$100.94$104.0024.2%6.9%29.4%18.1%27.4%5.3%-0.6%-31.3K483.4K-1.9K0.53103.58N/AN/A1005381140
2023-04-06$101.55$106.0018.0%6.4%28.2%4.8%0.0%-3.7%-3.3%-38.6K532.6K-2.3K0.0097.47N/AN/A2081181
2023-04-10$102.56$106.0021.5%6.5%24.8%12.3%22.7%7.5%0.4%-35.8K449.3K-1.8K1.1092.84N/AN/A212379181
2023-04-11$103.47$106.0021.3%6.4%24.8%11.9%0.0%7.3%-0.6%-28.7K372.4K-2.4K0.0079.27N/AN/A00100204
2023-04-12$102.54$106.0024.9%7.1%24.5%19.6%0.0%3.9%-3.1%-31.2K374.9K-2.2K0.0090.89N/AN/A018100204
2023-04-13$104.10$106.0021.0%6.0%23.9%11.2%0.0%5.5%0.4%-12.4K251.1K-2.1K0.0065.99N/AN/A00100186
2023-04-14$102.56$106.0020.3%5.8%23.8%9.8%11.3%5.1%0.5%-25.0K399.9K-2.0K0.7770.82N/AN/A1310100186
2023-04-17$105.02$106.0019.9%5.7%23.2%9.2%0.0%4.6%0.8%-5.8K209.3K-2.0K0.0074.69N/AN/A340101196
2023-04-18$104.22$106.0020.0%5.7%23.4%9.6%19.7%5.4%-0.1%-10.8K239.6K-2.1K0.7075.70N/AN/A107134196
2023-04-19$104.73$106.0019.0%5.4%21.7%7.2%0.0%4.9%0.4%-7.3K201.9K-2.1K0.0074.89N/AN/A011124202
2023-04-20$103.57$106.0019.9%5.7%20.3%9.2%0.0%4.7%-0.4%-13.4K326.1K-1.9K0.0076.09N/AN/A20124197
2023-04-21$104.03$106.0019.8%5.7%19.4%9.0%0.0%5.7%-0.4%-47.7K283.4K-1.9K0.0077.39N/AN/A01126197
2023-04-24$103.84$106.0019.5%5.6%19.3%8.3%21.4%5.7%0.4%-4.9K361.1K-1.8K0.0076.00N/AN/A07105166
2023-04-25$101.05$106.0023.1%6.6%21.3%16.3%26.5%7.0%-2.1%-14.2K453.8K-1.8K0.0074.40N/AN/A016105164
2023-04-26$100.03$106.0024.0%6.9%21.4%18.3%0.0%7.7%-0.9%-20.7K521.8K-2.0K0.0094.63N/AN/A600105174
2023-04-27$100.60$106.0022.6%6.5%20.9%15.2%0.0%9.2%-2.1%-8.7K495.0K-2.2K0.00102.40N/AN/A06155174
2023-04-28$101.57$106.0021.0%6.0%21.2%11.6%17.1%4.4%-0.1%-8.3K485.3K-2.2K0.0097.99N/AN/A120155180