IWC Options History — December 2023

In December 2023, IWC traded between $104.73 and $118.34. ATM implied volatility averaged 22.0%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 0.7% (HV 20d: 22.7%). Max pain ranged from $100.00 to $107.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.65.

Notable Days

  • 2023-12-27: Highest Volume — 186 contracts
  • 2023-12-11: Largest IV spike — 42.7% change
  • 2023-12-11: Highest IV Rank — 40.4%
  • 2023-12-01: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$111.23$104.73$118.34$104.73$116.58
Max Pain$101.75$100.00$107.00$101.00$107.00
ATM IV22.0%18.1%28.2%22.7%20.9%
Expected Move5.9%5.2%6.5%6.5%6.0%
HV 20d22.7%20.1%27.4%27.4%22.9%
HV 60d23.5%22.3%24.6%22.3%24.2%
IV Rank23.0%10.7%40.4%24.4%20.4%
IV Percentile56.9%19.4%95.6%65.9%51.2%
Term Structure-0.4%-3.9%1.3%-3.9%-0.4%
VWIV21.2%18.6%24.0%23.7%20.8%
Skew 25d0.7%-0.9%2.5%0.9%0.7%
Skew 10d2.4%-0.3%4.6%4.6%2.4%
Call IV 25d20.7%17.8%22.8%22.5%20.8%
Put IV 25d21.4%18.9%23.4%23.4%21.6%
Bid-Ask Spread %73.6153.8195.5283.0395.52
Gamma HHI0.150.100.250.250.12
Net GEX165.3K40.6K352.3K352.3K93.4K
Net DEX-3.6M-6.7M-1.2M-4.2M-2.0M
Net VEX-8.3K-10.9K-5.0K-10.2K-10.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.007.860.380.05
Total Volume72.95118611343
Total OI971.44921,2321,161895

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$104.73$101.0022.7%6.5%27.4%24.4%23.7%0.9%-3.9%352.3K-4.2M-10.2K0.3883.03N/AN/A8231751410
2023-12-04$106.39$100.0024.8%5.6%25.9%30.5%20.7%2.5%1.0%286.3K-4.7M-9.6K0.1154.98N/AN/A465738437
2023-12-05$105.27$100.0024.7%5.7%25.5%30.3%19.8%0.9%0.8%348.5K-4.4M-10.4K0.0253.81N/AN/A872779442
2023-12-06$105.34$100.0024.8%6.1%25.5%30.4%20.3%1.6%-1.4%328.1K-4.2M-9.6K0.5855.41N/AN/A5029718443
2023-12-07$106.10$100.0024.3%6.0%24.5%29.0%20.6%0.4%-1.2%330.4K-4.7M-9.5K0.0455.34N/AN/A502754463
2023-12-08$107.46$100.0019.7%5.8%22.9%15.6%19.8%1.6%-1.1%232.7K-5.3M-8.5K1.0760.30N/AN/A2931732463
2023-12-11$106.43$100.0028.2%5.7%23.6%40.4%20.3%1.1%-0.4%259.3K-5.0M-8.5K0.5057.91N/AN/A21741489
2023-12-12$106.56$100.0023.5%5.4%23.6%26.6%0.0%2.0%-0.2%191.1K-5.2M-8.0K0.0065.51N/AN/A10743489
2023-12-13$110.35$100.0018.1%5.2%20.3%10.7%18.6%-0.1%0.7%155.4K-6.3M-7.3K0.1271.04N/AN/A597743489
2023-12-14$112.93$100.0019.9%5.7%21.3%17.4%21.2%-0.9%0.1%96.9K-6.7M-6.5K0.3276.33N/AN/A12941729495
2023-12-15$112.25$100.0020.6%5.9%20.2%19.5%20.0%-0.8%-1.2%80.6K-6.4M-6.3K0.0378.21N/AN/A1354702512
2023-12-18$112.09$101.0019.8%5.7%20.1%16.9%21.8%-0.2%0.1%45.5K-1.2M-5.4K0.2577.93N/AN/A123200292
2023-12-19$114.61$101.0019.5%5.6%20.9%16.0%20.5%0.4%0.8%40.6K-1.4M-5.0K0.1480.58N/AN/A213197295
2023-12-20$112.87$101.0020.4%5.8%21.5%18.8%21.4%0.9%1.3%41.5K-1.3M-5.8K0.1281.19N/AN/A597209299
2023-12-21$114.21$101.0022.5%6.5%21.6%25.6%22.6%0.0%-1.1%48.3K-1.4M-6.5K0.2475.89N/AN/A11528254304
2023-12-22$115.84$105.0021.7%6.2%21.7%23.1%24.0%0.7%-0.0%72.1K-1.8M-8.1K0.3879.30N/AN/A7127371337
2023-12-26$118.09$106.0022.0%6.3%21.9%23.8%21.9%0.5%-0.7%87.5K-2.2M-9.8K0.0888.73N/AN/A504434356
2023-12-27$118.34$106.0020.6%5.9%21.3%19.4%22.5%0.8%-0.6%114.8K-2.4M-9.9K7.8692.58N/AN/A21165478356
2023-12-28$118.22$106.0020.8%6.0%21.6%20.2%21.8%0.6%-0.7%100.0K-2.2M-10.5K0.0088.61N/AN/A07483406
2023-12-29$116.58$107.0020.9%6.0%22.9%20.4%20.8%0.7%-0.4%93.4K-2.0M-10.9K0.0595.52N/AN/A412483412