IWC Options History — September 2023

In September 2023, IWC traded between $99.34 and $108.99. ATM implied volatility averaged 18.3%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 4.0% (HV 20d: 14.3%). Max pain ranged from $85.00 to $107.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 4.31.

Notable Days

  • 2023-09-28: Highest Volume — 58 contracts
  • 2023-09-05: Largest IV spike — 14.6% change
  • 2023-09-26: Highest IV Rank — 23.0%
  • 2023-09-26: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$103.18$99.34$108.99$108.99$100.13
Max Pain$95.35$85.00$107.00$103.00$85.00
ATM IV18.3%14.4%22.2%14.4%20.8%
Expected Move5.2%4.1%6.4%4.1%6.0%
HV 20d14.3%13.0%15.1%13.0%13.5%
HV 60d15.9%15.2%16.3%15.9%15.2%
IV Rank11.3%0.0%23.0%0.0%18.9%
IV Percentile19.1%0.0%49.2%0.0%39.3%
Term Structure0.5%-2.1%2.7%1.5%-0.5%
VWIV21.4%17.4%30.0%17.4%21.8%
Skew 25d3.3%1.0%4.4%1.0%3.5%
Skew 10d6.9%2.6%10.6%2.6%7.8%
Call IV 25d17.0%14.1%20.3%14.1%18.9%
Put IV 25d20.4%15.1%24.7%15.1%22.3%
Bid-Ask Spread %81.9564.40107.6989.5879.51
Gamma HHI0.270.210.380.220.27
Net GEX-38.3K-74.8K-15.8K-24.7K-19.2K
Net DEX387.0K137.6K525.3K137.6K452.1K
Net VEX-2.4K-2.9K-1.8K-2.9K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.310.3312.001.500.33
Total Volume10.1058012
Total OI249.95146342337186

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$108.99$103.0014.4%4.1%13.0%0.0%0.0%1.0%1.5%-24.7K137.6K-2.9K0.0089.58N/AN/A00119218
2023-09-05$106.92$100.0016.5%5.0%14.4%6.2%0.0%3.5%0.8%-41.6K275.3K-2.8K0.0064.40N/AN/A04119218
2023-09-06$105.98$100.0016.8%5.1%14.5%7.1%0.0%4.0%0.8%-49.4K332.9K-2.7K0.0064.85N/AN/A00119220
2023-09-07$104.84$100.0017.5%5.2%14.8%9.0%17.4%3.8%-2.1%-57.9K374.9K-2.7K1.5072.45N/AN/A23119220
2023-09-08$104.70$107.0018.1%5.3%14.6%10.9%0.0%3.7%-0.5%-58.5K396.1K-2.6K0.0084.06N/AN/A09121220
2023-09-11$105.22$107.0017.7%5.0%14.6%9.5%0.0%2.4%1.0%-54.9K359.8K-2.6K0.0082.55N/AN/A00121218
2023-09-12$104.83$107.0019.3%4.9%14.6%14.3%0.0%3.2%1.6%-58.6K381.7K-2.5K0.0086.32N/AN/A00121218
2023-09-13$103.90$107.0016.9%4.8%14.3%7.3%19.8%2.7%2.3%-74.8K410.9K-2.5K8.0087.04N/AN/A18121218
2023-09-14$105.31$107.0016.5%4.7%14.8%6.2%0.0%3.9%1.4%-52.1K386.2K-2.4K0.0090.56N/AN/A00122220
2023-09-15$104.15$107.0014.8%4.3%14.8%1.2%30.0%2.4%0.1%-69.4K395.7K-2.4K1.17107.69N/AN/A1821122220
2023-09-18$103.21$85.0016.3%4.7%14.8%5.4%18.9%2.3%2.7%-30.5K310.9K-2.1K0.0093.52N/AN/A016185
2023-09-19$102.83$85.0017.6%5.0%14.8%9.2%0.0%3.0%0.2%-27.3K350.7K-2.0K0.0074.53N/AN/A046185
2023-09-20$101.73$85.0018.0%5.2%15.1%10.5%0.0%2.8%0.1%-26.2K412.5K-2.0K0.0075.08N/AN/A006189
2023-09-21$100.53$85.0019.5%5.6%14.7%14.9%19.6%3.5%0.3%-22.9K447.7K-1.9K3.0078.95N/AN/A266189
2023-09-22$100.22$85.0019.6%5.6%14.1%15.1%19.3%4.4%0.7%-21.2K459.1K-1.8K5.0078.20N/AN/A156390
2023-09-25$100.34$85.0021.0%6.0%14.0%19.4%20.8%4.4%-0.2%-21.9K466.1K-1.9K0.3682.41N/AN/A1146493
2023-09-26$99.34$97.0022.2%6.4%13.9%23.0%26.1%4.4%-0.3%-15.8K525.3K-2.1K1.1180.49N/AN/A9106597
2023-09-27$99.90$85.0021.4%6.1%13.3%20.4%0.0%4.1%-0.3%-18.5K440.6K-2.4K12.0082.16N/AN/A11273103
2023-09-28$100.56$85.0020.2%5.8%13.5%16.9%20.3%4.0%-0.4%-20.1K423.8K-2.5K10.6084.59N/AN/A55374105
2023-09-29$100.13$85.0020.8%6.0%13.5%18.9%21.8%3.5%-0.5%-19.2K452.1K-2.5K0.3379.51N/AN/A9376110