IWC Options History — January 2024

In January 2024, IWC traded between $109.03 and $115.06. ATM implied volatility averaged 21.8%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 1.2% (HV 20d: 20.5%). Max pain ranged from $107.00 to $112.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2024-01-29: Highest Volume — 113 contracts
  • 2024-01-24: Largest IV spike — 8.8% change
  • 2024-01-31: Highest IV Rank — 30.5%
  • 2024-01-31: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$112.21$109.03$115.06$114.98$112.03
Max Pain$109.43$107.00$112.00$107.00$112.00
ATM IV21.8%20.1%24.1%21.8%24.1%
Expected Move6.2%5.8%6.9%6.3%6.9%
HV 20d20.5%16.7%24.0%22.6%18.2%
HV 60d23.7%22.9%24.9%24.4%23.1%
IV Rank23.2%18.0%30.5%23.4%30.5%
IV Percentile61.7%40.1%84.5%62.3%84.5%
Term Structure-1.0%-2.4%0.4%-0.3%-1.6%
VWIV22.6%20.2%26.7%24.6%26.7%
Skew 25d1.5%0.2%2.6%0.8%0.9%
Skew 10d3.5%-3.7%7.5%2.7%-3.7%
Call IV 25d21.4%19.4%24.1%22.0%23.0%
Put IV 25d22.9%21.3%24.3%22.8%23.9%
Bid-Ask Spread %71.3955.2092.7192.7184.77
Gamma HHI0.110.090.140.110.11
Net GEX46.8K11.6K97.0K97.0K26.3K
Net DEX-1.0M-1.8M-474.4K-1.8M-690.3K
Net VEX-8.1K-11.0K-6.2K-10.7K-6.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.003.040.670.09
Total Volume23.6190113512
Total OI898.476792983933804

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$114.98$107.0021.8%6.3%22.6%23.4%0.0%0.8%-0.3%97.0K-1.8M-10.7K0.6792.71N/AN/A32521412
2024-01-03$112.60$107.0022.7%6.5%23.9%26.2%24.6%0.7%-1.1%69.5K-1.3M-10.5K0.0891.50N/AN/A786524414
2024-01-04$112.72$110.0022.8%6.4%23.4%26.5%21.4%2.6%-1.4%76.4K-1.4M-11.0K0.0755.77N/AN/A866567416
2024-01-05$112.02$110.0022.0%6.2%23.7%23.9%0.0%2.1%-1.1%53.7K-1.1M-9.1K0.0055.20N/AN/A40496421
2024-01-08$113.74$110.0021.6%6.1%24.0%22.8%21.6%2.3%-1.4%69.5K-1.4M-8.3K0.0061.48N/AN/A10495420
2024-01-09$113.00$110.0021.2%6.0%24.0%21.5%20.2%1.9%-1.2%59.5K-1.3M-7.7K0.2563.19N/AN/A82495420
2024-01-10$112.48$110.0021.1%6.0%23.7%21.0%21.8%2.1%-0.9%58.6K-1.2M-7.4K0.3366.17N/AN/A31498419
2024-01-11$111.57$110.0020.2%5.8%24.0%18.3%0.0%2.4%-0.0%44.9K-1.1M-8.1K1.3365.33N/AN/A68495427
2024-01-12$111.45$110.0020.5%5.9%20.7%19.1%0.0%1.5%-0.3%34.0K-1.0M-7.7K1.2567.90N/AN/A45492432
2024-01-16$109.83$110.0021.8%6.2%19.6%23.3%23.8%1.9%-1.3%16.6K-702.7K-7.1K1.5063.69N/AN/A23492431
2024-01-17$109.03$110.0022.1%6.3%19.6%24.2%0.0%2.3%-0.5%11.6K-474.4K-7.4K0.4464.47N/AN/A188494421
2024-01-18$109.15$110.0021.4%6.1%19.6%22.2%0.0%2.5%0.2%44.9K-648.9K-7.4K0.0066.29N/AN/A00501423
2024-01-19$109.78$110.0020.4%5.9%17.8%19.0%20.5%1.6%-0.1%45.6K-939.0K-7.5K0.2570.00N/AN/A41501423
2024-01-22$112.54$110.0020.9%6.0%19.5%20.5%22.7%1.0%-1.1%25.3K-733.5K-6.4K1.3870.12N/AN/A4055400392
2024-01-23$112.68$108.0020.1%5.8%19.0%18.0%20.9%0.9%0.4%42.0K-976.9K-8.6K0.0072.90N/AN/A30439442
2024-01-24$112.03$108.0021.9%6.3%18.2%23.6%23.2%0.8%-2.2%29.6K-727.4K-8.0K0.3376.90N/AN/A31442442
2024-01-25$112.64$108.0021.9%6.3%16.7%23.7%0.0%1.7%-2.4%34.5K-808.4K-7.4K0.0072.17N/AN/A30439443
2024-01-26$113.06$108.0022.1%6.3%16.8%24.2%21.7%0.3%-1.4%40.0K-919.4K-7.8K0.6778.71N/AN/A32442443
2024-01-29$115.06$108.0023.0%6.6%18.2%27.2%24.7%0.3%-1.5%54.6K-1.2M-8.0K3.0480.14N/AN/A2885443445
2024-01-30$114.03$112.0023.4%6.7%17.8%28.4%0.0%0.2%-1.1%47.8K-1.0M-7.1K1.0079.88N/AN/A11421381
2024-01-31$112.03$112.0024.1%6.9%18.2%30.5%26.7%0.9%-1.6%26.3K-690.3K-6.2K0.0984.77N/AN/A111422382