IWC Options History — February 2024

In February 2024, IWC traded between $110.94 and $118.49. ATM implied volatility averaged 22.9%, placing in the 26.8% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded below realized volatility by 2.3% (HV 20d: 25.2%). Max pain ranged from $105.00 to $109.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.66.

Notable Days

  • 2024-02-13: Highest Volume — 65 contracts
  • 2024-02-13: Largest IV spike — 14.6% change
  • 2024-02-21: Highest IV Rank — 34.6%
  • 2024-02-21: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$114.82$110.94$118.49$112.88$118.25
Max Pain$107.20$105.00$109.00$105.00$109.00
ATM IV22.9%20.3%25.4%23.9%22.9%
Expected Move6.5%5.8%7.3%6.2%6.6%
HV 20d25.2%16.4%31.0%16.9%30.3%
HV 60d23.2%20.3%24.7%22.3%24.1%
IV Rank26.8%18.6%34.6%29.8%26.7%
IV Percentile73.5%41.7%94.0%82.1%75.0%
Term Structure-1.0%-2.5%0.7%-1.3%-1.4%
VWIV22.6%19.0%25.1%21.7%23.5%
Skew 25d1.5%0.3%3.1%2.6%1.2%
Skew 10d4.0%1.9%5.8%4.9%4.0%
Call IV 25d22.3%21.0%24.5%21.1%23.0%
Put IV 25d23.9%21.6%26.8%23.7%24.2%
Bid-Ask Spread %69.0559.0281.7059.0281.70
Gamma HHI0.100.090.120.100.10
Net GEX59.4K21.9K101.5K33.1K101.5K
Net DEX-1.2M-1.8M-658.0K-796.9K-1.7M
Net VEX-6.2K-7.5K-4.5K-6.6K-5.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.660.0021.000.250.00
Total Volume11.2065543
Total OI841.55797890797869

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$112.88$105.0023.9%6.2%16.9%29.8%21.7%2.6%-1.3%33.1K-796.9K-6.6K0.2559.02N/AN/A41413384
2024-02-02$112.04$105.0023.4%6.2%17.1%28.4%0.0%2.3%-0.3%26.1K-701.3K-6.9K0.0061.12N/AN/A20413385
2024-02-05$110.94$105.0024.1%6.4%17.3%30.6%19.0%1.9%-1.6%22.1K-693.4K-7.5K1.2262.06N/AN/A911413385
2024-02-06$111.50$105.0023.2%6.3%16.5%27.6%23.8%2.4%-0.8%27.2K-748.8K-7.0K21.0061.67N/AN/A121419393
2024-02-07$111.10$105.0021.1%6.1%16.4%21.2%0.0%1.4%0.5%21.9K-658.0K-6.5K0.0064.00N/AN/A10418396
2024-02-08$112.69$105.0021.2%6.1%17.1%21.5%21.0%1.5%-1.0%43.0K-941.9K-6.7K0.0065.83N/AN/A10417396
2024-02-09$114.84$105.0020.3%5.8%18.1%18.6%21.4%0.4%-0.4%62.6K-1.2M-6.1K0.5061.99N/AN/A21417396
2024-02-12$118.08$106.0021.4%6.1%20.3%21.9%23.0%1.5%-1.2%92.0K-1.7M-6.1K0.4067.82N/AN/A104419397
2024-02-13$112.01$106.0024.5%7.0%27.8%31.8%24.9%2.5%-2.0%25.4K-664.3K-6.0K5.5066.82N/AN/A1055434398
2024-02-14$115.29$108.0022.8%6.5%29.3%26.4%22.4%1.4%-1.2%55.7K-1.1M-6.2K0.0063.63N/AN/A80435450
2024-02-15$118.27$108.0023.3%6.7%30.4%28.2%25.1%1.7%-2.0%92.0K-1.8M-6.7K1.0067.40N/AN/A33437450
2024-02-16$117.57$109.0023.6%6.8%30.6%29.0%0.0%0.9%0.7%95.4K-1.7M-7.2K0.0067.07N/AN/A20437453
2024-02-20$115.13$109.0024.0%6.9%30.6%30.4%24.6%1.2%-1.1%56.4K-1.1M-6.3K0.0070.57N/AN/A50416438
2024-02-21$114.23$109.0025.4%7.3%30.8%34.6%0.0%3.1%-2.5%56.0K-1.1M-6.9K0.0069.98N/AN/A10418438
2024-02-22$114.40$109.0023.3%6.7%30.7%28.0%22.9%1.1%-1.0%43.7K-974.4K-4.6K0.0072.42N/AN/A50417438
2024-02-23$114.84$109.0022.2%6.4%30.7%24.5%0.0%1.1%-0.3%64.1K-1.2M-5.6K0.0076.16N/AN/A06416438
2024-02-26$116.49$109.0022.6%6.5%31.0%25.8%22.0%1.2%-0.7%79.8K-1.4M-4.5K0.0080.57N/AN/A10416443
2024-02-27$118.49$109.0022.0%6.3%31.0%23.9%21.8%0.3%-0.6%97.1K-1.7M-5.6K0.0879.76N/AN/A131417443
2024-02-28$117.34$109.0023.0%6.6%31.0%27.0%0.0%1.1%-1.5%93.3K-1.6M-4.9K0.0081.39N/AN/A00425444
2024-02-29$118.25$109.0022.9%6.6%30.3%26.7%23.5%1.2%-1.4%101.5K-1.7M-5.0K0.0081.70N/AN/A430425444