IWC Options History — June 2023

In June 2023, IWC traded between $104.25 and $112.67. ATM implied volatility averaged 19.9%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded below realized volatility by 1.2% (HV 20d: 21.1%). Max pain ranged from $107.00 to $110.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.31.

Notable Days

  • 2023-06-16: Highest Volume — 710 contracts
  • 2023-06-14: Largest IV drop — 36.2% change
  • 2023-06-13: Highest IV Rank — 30.4%
  • 2023-06-02: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$109.36$104.25$112.67$104.25$109.47
Max Pain$107.95$107.00$110.00$110.00$108.00
ATM IV19.9%16.4%29.5%20.6%16.5%
Expected Move5.3%4.7%5.9%5.9%4.7%
HV 20d21.1%19.5%22.1%19.9%20.3%
HV 60d22.0%20.2%24.8%23.9%20.2%
IV Rank9.3%1.5%30.4%10.8%1.7%
IV Percentile12.0%0.4%65.5%9.1%0.8%
Term Structure0.7%-1.0%5.2%-1.0%0.0%
VWIV18.0%15.8%21.0%18.7%15.8%
Skew 25d2.7%-0.9%5.2%4.0%1.3%
Skew 10d6.3%2.7%13.0%13.0%2.9%
Call IV 25d17.3%15.2%20.1%18.4%15.8%
Put IV 25d20.0%17.1%22.4%22.4%17.1%
Bid-Ask Spread %75.8354.2899.4988.1466.15
Gamma HHI0.220.110.360.130.33
Net GEX245.0K43.1K556.5K43.1K556.5K
Net DEX-1.2M-3.4M232.9K232.9K-2.6M
Net VEX-8.3K-16.5K-3.6K-4.5K-14.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.002.000.040.13
Total Volume58.191710143
Total OI747.7624321,1834811,182

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$104.25$110.0020.6%5.9%19.9%10.8%0.0%4.0%-1.0%43.1K232.9K-4.5K0.0088.14N/AN/A01239242
2023-06-02$107.52$110.0020.6%5.9%21.5%10.8%18.7%1.8%-0.7%90.0K-262.5K-4.9K0.0488.75N/AN/A713239243
2023-06-05$107.06$107.0020.6%5.6%19.5%10.7%0.0%4.3%0.0%52.5K-3.2K-4.2K0.0054.28N/AN/A100188244
2023-06-06$109.98$107.0021.7%5.4%21.2%13.2%17.3%3.9%0.7%76.5K-385.2K-4.0K0.4360.40N/AN/A146190244
2023-06-07$111.52$107.0023.0%5.4%21.5%16.2%20.2%3.3%0.6%80.8K-647.8K-4.2K0.0959.58N/AN/A333204240
2023-06-08$111.21$107.0021.9%5.4%21.6%13.7%0.0%3.9%0.4%77.0K-554.0K-4.0K0.5064.19N/AN/A21197239
2023-06-09$110.03$107.0021.1%5.2%21.5%11.9%18.2%3.0%2.3%85.8K-453.1K-4.0K0.5068.60N/AN/A63199240
2023-06-12$110.91$108.0027.7%5.4%21.4%26.4%19.1%2.8%-0.0%76.9K-457.6K-3.8K1.0070.88N/AN/A44193243
2023-06-13$112.67$108.0029.5%5.5%21.5%30.4%21.0%4.6%2.0%71.6K-585.5K-3.6K0.0785.46N/AN/A151193246
2023-06-14$111.10$108.0018.8%5.4%21.7%6.9%19.7%-0.9%0.7%71.6K-518.2K-3.6K0.0099.49N/AN/A220193245
2023-06-15$111.47$108.0019.5%5.6%20.9%8.3%17.6%2.3%0.5%89.7K-487.0K-3.8K1.0088.64N/AN/A44213245
2023-06-16$110.25$108.0016.4%4.7%21.5%1.5%0.0%2.7%5.2%85.8K-461.3K-3.6K0.0194.24N/AN/A7064211246
2023-06-20$110.52$108.0018.2%5.2%21.5%5.6%0.0%5.2%0.1%446.5K-3.1M-15.3K0.0084.09N/AN/A980855189
2023-06-21$110.31$108.0018.0%5.2%21.1%5.0%17.9%2.9%0.6%523.2K-3.4M-16.5K0.0070.47N/AN/A220936189
2023-06-22$109.22$108.0017.3%4.9%21.5%3.4%0.0%1.5%0.8%478.9K-2.9M-15.3K0.0082.55N/AN/A320932189
2023-06-23$107.22$108.0017.7%5.1%22.1%4.3%16.3%1.6%1.1%406.1K-1.7M-12.9K0.4775.48N/AN/A3014961189
2023-06-26$107.22$108.0017.7%5.1%21.1%4.4%0.0%2.4%0.9%415.4K-1.6M-12.3K0.0080.10N/AN/A40967203
2023-06-27$107.66$108.0017.1%4.9%20.9%3.1%16.7%2.4%0.6%440.2K-1.8M-13.0K0.0476.72N/AN/A522971203
2023-06-28$108.00$108.0017.1%4.9%20.8%3.0%18.1%2.5%0.2%462.8K-1.9M-12.9K0.0069.76N/AN/A50973205
2023-06-29$108.87$108.0017.1%4.9%20.6%3.1%15.9%1.5%0.1%514.8K-2.4M-13.9K2.0064.40N/AN/A12978205
2023-06-30$109.47$108.0016.5%4.7%20.3%1.7%15.8%1.3%0.0%556.5K-2.6M-14.0K0.1366.15N/AN/A385977205