IWC Options History — July 2023

In July 2023, IWC traded between $106.60 and $115.18. ATM implied volatility averaged 17.8%, placing in the 5.7% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 0.1% (HV 20d: 17.8%). Max pain ranged from $100.00 to $113.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.48.

Notable Days

  • 2023-07-13: Highest Volume — 138 contracts
  • 2023-07-25: Largest IV spike — 30.9% change
  • 2023-07-25: Highest IV Rank — 17.0%
  • 2023-07-25: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$111.88$106.60$115.18$110.09$115.18
Max Pain$110.00$100.00$113.00$108.00$113.00
ATM IV17.8%16.2%21.3%17.0%17.6%
Expected Move5.1%4.6%6.1%4.9%5.0%
HV 20d17.8%16.5%19.5%17.4%19.5%
HV 60d20.2%19.5%21.0%20.1%19.5%
IV Rank5.7%1.4%17.0%2.7%5.7%
IV Percentile6.1%0.4%25.8%1.6%6.7%
Term Structure0.4%-2.2%1.7%0.2%-0.6%
VWIV17.1%15.3%19.0%16.5%18.3%
Skew 25d2.4%1.1%4.3%1.5%2.3%
Skew 10d6.8%2.8%15.8%3.0%4.1%
Call IV 25d16.8%15.6%17.8%16.1%16.3%
Put IV 25d19.2%17.0%21.1%17.6%18.5%
Bid-Ask Spread %66.0638.43101.1174.0066.52
Gamma HHI0.360.290.410.340.37
Net GEX868.5K415.4K1.3M592.5K1.3M
Net DEX-4.6M-7.4M-1.3M-3.1M-7.4M
Net VEX-14.0K-15.3K-10.0K-14.9K-13.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.006.756.750.00
Total Volume47.441383155
Total OI1,319.551,1861,3741,2051,367

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$110.09$108.0017.0%4.9%17.4%2.7%16.5%1.5%0.2%592.5K-3.1M-14.9K6.7574.00N/AN/A427999206
2023-07-05$109.00$108.0016.9%4.8%17.7%2.6%0.0%1.9%1.5%559.2K-2.5M-12.9K0.0076.87N/AN/A6601,003183
2023-07-06$106.60$110.0018.6%5.2%16.7%6.3%16.8%4.3%0.1%415.4K-1.3M-10.0K0.0947.27N/AN/A4541,089183
2023-07-07$108.81$100.0018.4%5.0%17.7%5.9%16.3%3.2%1.7%582.4K-2.4M-13.0K0.0072.90N/AN/A5601,096184
2023-07-10$109.94$100.0019.5%5.3%18.1%8.3%17.3%3.6%0.3%678.7K-3.2M-14.1K0.1248.29N/AN/A4251,128184
2023-07-11$110.67$100.0019.4%5.4%17.9%8.0%17.6%3.5%-1.0%708.9K-3.8M-14.6K0.2253.90N/AN/A3681,102181
2023-07-12$112.06$112.0017.8%5.1%18.2%4.6%16.8%2.8%0.0%785.7K-4.6M-15.0K0.3038.43N/AN/A1031,074183
2023-07-13$112.44$112.0017.9%5.1%17.3%6.5%16.3%2.4%0.3%807.8K-4.9M-14.8K0.0039.33N/AN/A13801,069183
2023-07-14$110.92$112.0017.5%5.0%17.3%5.3%16.6%2.5%0.5%800.1K-3.8M-13.9K0.0041.14N/AN/A2001,189183
2023-07-17$112.66$112.0017.3%5.0%18.1%4.8%18.2%2.2%0.7%897.0K-5.3M-14.8K0.2939.77N/AN/A2471,176183
2023-07-18$113.80$112.0017.6%5.1%17.9%5.8%17.7%1.8%0.5%923.0K-6.3M-15.3K0.8050.85N/AN/A15121,180183
2023-07-19$114.53$112.0017.9%5.1%18.0%6.7%17.8%3.6%0.4%932.3K-7.0M-15.2K0.1394.62N/AN/A3851,173184
2023-07-20$113.28$112.0017.5%5.0%18.5%5.6%0.0%2.5%1.4%894.1K-6.4M-14.7K0.7595.24N/AN/A431,158189
2023-07-21$113.02$112.0017.8%5.1%18.1%6.5%15.3%1.4%0.7%997.5K-6.0M-14.2K0.0395.65N/AN/A11131,158189
2023-07-24$113.02$113.0016.3%4.7%16.5%1.7%17.6%1.7%1.5%1.1M-5.1M-14.6K0.00101.11N/AN/A5801,214152
2023-07-25$112.63$113.0021.3%6.1%16.6%17.0%19.0%1.1%-2.2%987.6K-4.9M-14.1K0.0097.57N/AN/A401,222152
2023-07-26$113.56$113.0017.0%4.9%16.7%3.9%16.8%1.7%0.0%1.2M-5.7M-14.3K0.0065.19N/AN/A3801,218152
2023-07-27$111.57$113.0017.6%5.0%18.2%5.7%17.6%1.6%0.2%1.0M-3.4M-11.8K0.1262.77N/AN/A92111,204152
2023-07-28$113.74$113.0016.2%4.6%19.1%1.4%16.0%1.5%0.9%1.3M-5.7M-13.9K0.0059.77N/AN/A401,203163
2023-07-31$115.18$113.0017.6%5.0%19.5%5.7%18.3%2.3%-0.6%1.3M-7.4M-13.1K0.0066.52N/AN/A5501,204163