IWC Options History — August 2023

In August 2023, IWC traded between $105.59 and $114.91. ATM implied volatility averaged 18.2%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 2.9% (HV 20d: 15.3%). Max pain ranged from $103.00 to $113.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 0.21.

Notable Days

  • 2023-08-11: Highest Volume — 240 contracts
  • 2023-08-22: Largest IV spike — 29.0% change
  • 2023-08-17: Highest IV Rank — 17.1%
  • 2023-08-17: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$109.15$105.59$114.91$114.91$107.89
Max Pain$103.87$103.00$113.00$113.00$103.00
ATM IV18.2%15.3%21.3%17.6%15.3%
Expected Move5.3%4.4%6.1%5.0%4.4%
HV 20d15.3%11.7%20.0%19.5%12.3%
HV 60d18.2%16.0%19.3%19.3%16.0%
IV Rank8.0%0.0%17.1%5.7%0.0%
IV Percentile12.5%0.0%32.5%7.1%0.0%
Term Structure1.3%-1.9%6.4%-0.2%1.5%
VWIV22.1%17.9%30.3%18.5%18.1%
Skew 25d4.3%1.7%6.4%2.0%1.7%
Skew 10d9.4%4.0%15.3%4.2%4.2%
Call IV 25d16.7%10.8%19.1%16.7%14.6%
Put IV 25d21.0%16.0%24.2%18.7%16.4%
Bid-Ask Spread %91.1762.78114.6771.1891.50
Gamma HHI0.280.130.430.370.22
Net GEX406.2K-42.7K1.3M1.3M-32.6K
Net DEX-1.2M-6.8M351.8K-6.8M207.0K
Net VEX-5.3K-12.5K-2.6K-12.5K-2.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.001.000.001.00
Total Volume25024000
Total OI896.1743231,3351,335337

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$114.91$113.0017.6%5.0%19.5%5.7%0.0%2.0%-0.2%1.3M-6.8M-12.5K0.0071.18N/AN/A001,172163
2023-08-02$113.17$113.0019.3%5.5%20.0%10.9%18.5%3.4%-0.1%1.2M-4.7M-11.7K0.0074.72N/AN/A1801,162163
2023-08-03$113.14$103.0018.4%5.4%17.9%8.2%0.0%4.4%1.3%1.2M-4.6M-11.3K0.0062.78N/AN/A2901,163163
2023-08-04$112.94$103.0018.6%5.4%16.7%8.7%0.0%3.2%1.4%1.2M-4.3M-10.6K0.0181.74N/AN/A7111,136163
2023-08-07$112.25$103.0020.4%5.6%16.6%14.4%0.0%4.6%0.4%1.2M-4.1M-9.4K0.2990.63N/AN/A2471,112164
2023-08-08$111.83$103.0016.3%5.4%16.6%1.7%30.3%3.6%0.2%931.3K-1.9M-6.7K0.0093.15N/AN/A3901,114165
2023-08-09$111.10$103.0018.9%5.4%16.1%9.8%0.0%4.8%1.0%1.1M-2.6M-7.1K0.0092.21N/AN/A3201,094165
2023-08-10$110.15$103.0018.0%5.2%16.3%7.0%0.0%6.4%4.4%634.7K-1.5M-5.4K0.00109.15N/AN/A001,068165
2023-08-11$110.67$103.0018.4%5.3%15.7%8.2%0.0%5.2%2.4%645.8K-971.2K-4.4K0.0082.32N/AN/A24001,068165
2023-08-14$110.08$103.0019.1%5.5%14.7%10.2%24.5%4.5%1.6%202.4K-246.3K-2.6K0.0089.73N/AN/A0501,018165
2023-08-15$108.67$103.0017.1%4.9%14.6%4.2%17.9%3.5%-1.9%44.3K133.7K-3.3K0.0094.14N/AN/A051,018214
2023-08-16$107.34$103.0020.0%5.7%14.6%12.9%23.6%6.2%4.2%62.1K101.7K-3.3K0.6797.55N/AN/A641,018211
2023-08-17$106.18$103.0021.3%6.1%14.6%17.1%25.0%5.2%0.9%-12.3K244.5K-3.3K0.0896.59N/AN/A1311,012211
2023-08-18$106.88$103.0020.5%5.9%15.0%14.7%0.0%5.2%-0.8%-27.0K318.6K-3.1K0.08102.45N/AN/A1211,001211
2023-08-21$106.55$103.0015.3%4.4%15.0%0.0%0.0%4.8%4.5%-32.3K257.9K-3.0K0.00114.67N/AN/A00114209
2023-08-22$106.00$103.0019.8%5.7%15.0%13.4%0.0%4.4%0.8%-33.6K303.9K-3.0K0.0083.58N/AN/A01114209
2023-08-23$107.15$103.0018.5%5.3%15.3%9.4%21.2%3.7%0.9%-31.4K294.6K-3.0K0.0085.34N/AN/A03114210
2023-08-24$105.59$103.0019.3%5.5%14.9%12.0%0.0%4.0%0.3%-39.6K292.3K-3.1K0.0089.99N/AN/A00114215
2023-08-25$105.81$103.0018.2%5.2%12.7%8.6%20.0%3.3%1.3%-42.7K351.8K-3.0K0.4093.22N/AN/A52114215
2023-08-28$106.46$103.0015.8%4.5%11.7%1.6%18.1%3.5%6.4%-35.0K299.9K-3.1K1.0095.65N/AN/A55114215
2023-08-29$107.62$103.0016.7%4.8%12.9%4.0%0.0%5.8%1.1%-31.8K252.9K-3.0K0.0096.55N/AN/A00119218
2023-08-30$108.03$103.0015.8%4.5%12.3%1.5%0.0%5.9%-0.7%-31.8K210.0K-3.0K0.00108.07N/AN/A01119218
2023-08-31$107.89$103.0015.3%4.4%12.3%0.0%0.0%1.7%1.5%-32.6K207.0K-2.8K0.0091.50N/AN/A00119218