IWC Options History — November 2023

In November 2023, IWC traded between $93.07 and $101.87. ATM implied volatility averaged 20.2%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded below realized volatility by 6.4% (HV 20d: 26.6%). Max pain ranged from $94.00 to $101.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 2.27.

Notable Days

  • 2023-11-17: Highest Volume — 250 contracts
  • 2023-11-06: Largest IV spike — 11.3% change
  • 2023-11-06: Highest IV Rank — 24.3%
  • 2023-11-01: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$98.37$93.07$101.87$93.07$101.87
Max Pain$100.00$94.00$101.00$94.00$100.00
ATM IV20.2%18.9%22.7%21.7%20.9%
Expected Move5.7%5.4%6.2%6.2%6.0%
HV 20d26.6%21.0%30.2%21.0%27.2%
HV 60d20.4%16.3%22.0%16.3%21.7%
IV Rank16.9%13.3%24.3%21.5%19.0%
IV Percentile35.7%23.8%58.7%50.8%48.0%
Term Structure-0.5%-3.5%1.3%0.0%-3.5%
VWIV20.2%18.7%23.1%22.0%19.8%
Skew 25d1.9%-0.7%3.8%2.3%-0.7%
Skew 10d4.3%1.9%7.2%6.5%2.5%
Call IV 25d19.5%18.4%21.2%21.2%21.0%
Put IV 25d21.4%19.7%23.4%23.4%20.4%
Bid-Ask Spread %70.7254.1787.9787.9780.92
Gamma HHI0.240.150.350.190.30
Net GEX304.2K46.4K722.8K85.9K443.4K
Net DEX-1.5M-3.7M508.8K139.6K-2.6M
Net VEX-10.4K-12.1K-7.5K-7.5K-10.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.270.0019.000.210.20
Total Volume60.23892504018
Total OI1,085.9059011,3199381,165

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$93.07$94.0021.7%6.2%21.0%21.5%22.0%2.3%0.0%85.9K139.6K-7.5K0.2187.97N/AN/A337710228
2023-11-02$95.51$100.0020.5%5.6%23.0%17.8%19.1%3.8%0.6%168.1K-580.8K-9.3K0.2368.20N/AN/A5212703235
2023-11-03$98.60$101.0020.4%5.7%25.7%17.5%19.5%2.9%-0.2%244.0K-1.7M-10.9K0.4462.60N/AN/A3214664237
2023-11-06$97.16$101.0022.7%5.9%26.2%24.3%23.1%2.5%1.2%230.0K-1.2M-10.2K0.0065.63N/AN/A017693242
2023-11-07$97.09$101.0022.1%5.8%25.6%22.4%21.3%3.1%1.3%234.0K-1.0M-9.9K4.5068.87N/AN/A29693257
2023-11-08$95.67$101.0019.9%5.7%25.9%16.0%0.0%2.5%0.4%160.3K-447.7K-9.0K19.0070.39N/AN/A119693266
2023-11-09$93.86$101.0020.2%5.8%25.3%16.9%21.7%3.5%0.0%66.6K323.3K-8.0K5.0970.22N/AN/A23117693285
2023-11-10$94.73$100.0019.1%5.5%25.3%13.8%19.9%2.7%1.2%51.0K440.2K-9.4K0.3569.54N/AN/A207716390
2023-11-13$94.87$100.0019.5%5.6%24.7%15.0%19.4%2.4%-0.1%46.4K508.8K-8.6K10.0073.29N/AN/A110700393
2023-11-14$99.69$100.0019.8%5.7%30.2%15.6%20.4%0.6%-0.5%303.9K-2.0M-11.7K0.1264.72N/AN/A16520701398
2023-11-15$100.41$101.0020.4%5.9%28.3%17.7%20.3%0.8%-0.3%522.0K-3.3M-12.1K0.0054.17N/AN/A1130840398
2023-11-16$98.77$100.0019.9%5.7%28.5%16.2%21.0%1.4%-0.9%722.8K-2.1M-11.5K0.9465.13N/AN/A1716899398
2023-11-17$100.27$100.0020.1%5.8%28.5%16.7%20.5%1.6%-0.9%339.3K-3.7M-11.9K0.0064.53N/AN/A2491905414
2023-11-20$100.81$100.0020.1%5.7%27.8%16.5%20.1%0.9%-1.3%335.0K-2.2M-12.0K0.0463.75N/AN/A502759353
2023-11-21$99.75$100.0019.7%5.6%28.3%15.5%18.9%1.1%-0.1%338.8K-1.7M-11.6K0.1471.85N/AN/A355774352
2023-11-22$100.20$100.0019.3%5.5%27.8%14.3%19.2%1.7%-1.2%366.6K-1.8M-11.4K0.2972.14N/AN/A72770357
2023-11-24$101.22$100.0019.1%5.5%27.9%13.7%18.7%0.9%0.0%431.0K-2.4M-11.2K0.0072.71N/AN/A640774357
2023-11-27$100.99$100.0019.3%5.5%27.1%14.3%19.8%1.7%-0.8%408.6K-2.3M-10.7K0.1876.77N/AN/A112765357
2023-11-28$100.35$100.0018.9%5.4%27.3%13.3%19.4%1.1%-1.6%448.7K-1.9M-10.3K2.0080.42N/AN/A510772357
2023-11-29$100.93$100.0020.5%5.9%27.2%17.7%19.9%1.8%-3.0%442.8K-2.3M-10.5K1.6281.26N/AN/A3760778363
2023-11-30$101.87$100.0020.9%6.0%27.2%19.0%19.8%-0.7%-3.5%443.4K-2.6M-10.9K0.2080.92N/AN/A153756409