IWC Options History — October 2023

In October 2023, IWC traded between $90.75 and $99.66. ATM implied volatility averaged 23.3%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 6.0% (HV 20d: 17.3%). Max pain ranged from $94.00 to $100.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 1.06.

Notable Days

  • 2023-10-12: Highest Volume — 481 contracts
  • 2023-10-18: Largest IV spike — 12.4% change
  • 2023-10-26: Highest IV Rank — 35.3%
  • 2023-10-26: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.45$90.75$99.66$98.19$92.87
Max Pain$96.09$94.00$100.00$100.00$94.00
ATM IV23.3%19.9%26.4%22.7%23.8%
Expected Move6.6%5.7%7.6%6.5%6.8%
HV 20d17.3%12.7%21.0%13.5%21.0%
HV 60d15.4%14.3%16.6%15.0%16.3%
IV Rank26.0%16.2%35.3%24.3%27.5%
IV Percentile60.2%31.7%81.7%54.0%65.9%
Term Structure-0.7%-1.7%0.2%-1.1%-1.2%
VWIV23.7%17.0%28.8%22.1%22.3%
Skew 25d4.9%3.4%6.5%4.3%3.4%
Skew 10d9.5%7.0%12.7%7.4%8.1%
Call IV 25d20.9%17.8%24.0%20.7%22.2%
Put IV 25d25.8%22.2%29.2%25.0%25.7%
Bid-Ask Spread %76.2765.4786.4683.1585.36
Gamma HHI0.200.080.340.250.19
Net GEX66.7K-16.8K319.8K-16.8K82.1K
Net DEX79.3K-1.6M674.7K642.7K182.5K
Net VEX-6.4K-11.8K-2.2K-2.3K-7.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.005.250.802.00
Total Volume56.136048193
Total OI633.5162984180939

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$98.19$100.0022.7%6.5%13.5%24.3%22.1%4.3%-1.1%-16.8K642.7K-2.3K0.8083.15N/AN/A5467113
2023-10-03$97.09$100.0024.4%7.0%12.7%29.3%25.0%4.4%-1.5%-14.8K674.7K-2.3K0.3686.46N/AN/A11468114
2023-10-04$97.15$100.0023.2%6.7%12.8%25.9%0.0%4.3%-1.4%-12.3K667.8K-2.3K2.2085.83N/AN/A51177115
2023-10-05$98.06$96.0022.6%6.4%13.4%23.9%0.0%4.6%-0.1%-2.6K220.9K-2.2K2.1068.09N/AN/A40848280
2023-10-06$98.62$96.0020.9%5.8%13.8%19.2%0.0%4.5%0.2%-10.0K327.3K-3.9K0.0067.09N/AN/A00122162
2023-10-09$98.23$96.0022.4%6.1%13.4%23.4%22.4%4.5%-0.3%-10.8K350.4K-3.7K0.0065.47N/AN/A100122162
2023-10-10$99.66$96.0020.5%5.8%14.9%17.9%20.7%4.2%-0.4%-3.3K222.8K-3.9K0.2765.48N/AN/A154129162
2023-10-11$98.78$96.0019.9%5.7%14.9%16.2%17.0%4.5%-0.1%-7.8K228.4K-3.7K0.0069.36N/AN/A800131153
2023-10-12$96.31$96.0020.9%6.0%15.7%18.9%21.2%4.7%-0.1%9.1K314.9K-4.0K0.0069.07N/AN/A4792205152
2023-10-13$95.33$96.0022.8%6.5%15.6%24.7%20.7%5.6%-0.1%176.7K-799.4K-10.1K0.5670.58N/AN/A1810680154
2023-10-16$96.79$95.0020.9%6.0%17.0%19.1%26.8%4.5%-0.2%211.0K-1.0M-10.8K0.6770.43N/AN/A96680185
2023-10-17$98.13$95.0021.1%6.0%18.0%19.5%22.8%4.8%-0.7%319.8K-1.6M-11.8K1.1773.66N/AN/A67739191
2023-10-18$95.48$98.0023.7%6.8%19.9%27.2%23.1%5.5%-0.3%162.5K-612.7K-10.4K5.2570.81N/AN/A421741206
2023-10-19$94.13$95.0025.1%7.2%20.1%31.4%26.3%5.7%-1.1%129.1K-310.3K-9.6K1.3975.74N/AN/A3346746201
2023-10-20$93.27$95.0025.0%7.2%20.2%31.1%28.8%6.5%-0.5%94.8K137.4K-8.9K0.8479.72N/AN/A1916745239
2023-10-23$92.09$95.0025.0%7.2%20.4%31.0%26.6%5.4%-0.6%61.8K415.5K-7.7K0.5378.96N/AN/A4021634232
2023-10-24$92.92$95.0024.2%6.9%20.8%28.7%22.0%5.0%-0.9%77.8K169.6K-7.8K0.0778.36N/AN/A403627222
2023-10-25$92.03$95.0025.1%7.2%20.6%31.4%25.1%5.6%-0.5%65.0K343.8K-7.6K0.0182.70N/AN/A871667225
2023-10-26$92.02$95.0026.4%7.6%20.3%35.3%25.5%4.9%-1.7%57.9K349.5K-7.4K2.1881.39N/AN/A1124660220
2023-10-27$90.75$95.0026.2%7.5%20.5%34.6%26.2%5.3%-1.4%37.2K560.6K-6.6K0.3185.13N/AN/A134661216
2023-10-30$91.97$95.0025.2%7.2%20.7%31.6%25.5%4.5%-1.6%61.0K346.6K-7.0K1.6085.01N/AN/A1524694217
2023-10-31$92.87$94.0023.8%6.8%21.0%27.5%22.3%3.4%-1.2%82.1K182.5K-7.7K2.0085.36N/AN/A12709230