IWC Options History — March 2024

In March 2024, IWC traded between $114.56 and $120.77. ATM implied volatility averaged 21.6%, placing in the 29.4% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded below realized volatility by 1.6% (HV 20d: 23.2%). Max pain ranged from $102.00 to $120.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.38.

Notable Days

2024-03-26: Highest Volume — 100 contracts
2024-03-12: Largest IV drop — 27.0% change
2024-03-11: Highest IV Rank — 52.8%
2024-03-01: Largest Expected Move — 6.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$117.87	$114.56	$120.77	$119.52	$120.77
Max Pain	$114.05	$102.00	$120.00	$109.00	$120.00
ATM IV	21.6%	17.0%	31.1%	23.0%	17.9%
Expected Move	5.7%	4.9%	6.6%	6.6%	5.1%
HV 20d	23.2%	16.7%	30.6%	30.4%	18.5%
HV 60d	23.3%	22.6%	24.2%	24.0%	22.8%
IV Rank	29.4%	15.4%	52.8%	27.2%	21.1%
IV Percentile	54.0%	7.9%	98.8%	76.6%	17.9%
Term Structure	0.6%	-2.3%	6.0%	-2.3%	0.2%
VWIV	19.9%	14.0%	26.1%	14.0%	18.1%
Skew 25d	1.2%	-0.8%	3.6%	-0.5%	0.9%
Skew 10d	3.5%	-6.6%	9.3%	1.2%	8.5%
Call IV 25d	19.8%	17.6%	23.7%	23.7%	17.9%
Put IV 25d	21.0%	18.5%	23.6%	23.2%	18.9%
Bid-Ask Spread %	84.79	58.74	103.15	83.27	88.57
Gamma HHI	0.16	0.10	0.35	0.11	0.35
Net GEX	59.8K	-2.6K	124.0K	124.0K	79.7K
Net DEX	-1.0M	-2.1M	-88.3K	-2.1M	-753.6K
Net VEX	-3.6K	-5.9K	-2.3K	-5.9K	-3.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.38	0.00	12.00	2.00	0.71
Total Volume	13.95	0	100	18	24
Total OI	664.95	302	907	886	360

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-03-01	$119.52	$109.00	23.0%	6.6%	30.4%	27.2%	14.0%	-0.5%	-2.3%	124.0K	-2.1M	-5.9K	2.00	83.27	N/A	N/A	6	12	442	444
2024-03-04	$118.41	$120.00	23.7%	6.2%	30.4%	29.4%	26.1%	0.1%	0.2%	107.2K	-1.8M	-4.8K	1.00	62.29	N/A	N/A	1	1	438	456
2024-03-05	$116.97	$102.00	25.3%	6.3%	30.6%	34.4%	21.5%	0.8%	-0.3%	98.9K	-1.6M	-5.1K	3.00	58.74	N/A	N/A	1	3	439	457
2024-03-06	$117.84	$102.00	24.3%	5.4%	30.6%	31.4%	0.0%	1.3%	3.7%	105.6K	-1.7M	-4.4K	0.00	86.62	N/A	N/A	1	0	440	457
2024-03-07	$118.63	$102.00	24.0%	6.2%	30.6%	30.2%	22.1%	1.9%	0.5%	110.6K	-1.8M	-4.7K	0.00	78.30	N/A	N/A	4	0	440	457
2024-03-08	$118.67	$102.00	25.3%	6.2%	30.3%	34.3%	0.0%	2.4%	-0.8%	113.8K	-2.0M	-5.3K	0.00	84.10	N/A	N/A	0	0	438	457
2024-03-11	$117.47	$102.00	31.1%	5.6%	30.0%	52.8%	23.5%	3.1%	0.5%	97.6K	-1.6M	-4.2K	0.00	85.34	N/A	N/A	6	0	438	457
2024-03-12	$117.22	$102.00	22.7%	5.8%	28.3%	26.2%	19.7%	-0.6%	-1.4%	84.4K	-1.5M	-3.5K	12.00	87.67	N/A	N/A	1	12	439	457
2024-03-13	$117.44	$120.00	20.0%	5.7%	20.4%	17.6%	14.7%	-0.8%	1.2%	78.6K	-1.5M	-3.1K	0.00	96.54	N/A	N/A	0	2	439	463
2024-03-14	$114.56	$120.00	20.8%	6.0%	20.0%	22.1%	21.5%	3.6%	3.4%	48.5K	-1.1M	-3.2K	1.86	97.37	N/A	N/A	7	13	439	465
2024-03-15	$115.90	$120.00	20.8%	6.0%	18.2%	38.3%	0.0%	2.0%	-0.3%	58.2K	-1.3M	-2.7K	0.00	103.15	N/A	N/A	3	0	438	469
2024-03-18	$115.43	$120.00	20.0%	5.7%	18.1%	33.6%	20.8%	0.3%	3.2%	-2.6K	-88.3K	-3.0K	0.00	74.12	N/A	N/A	4	0	227	163
2024-03-19	$116.27	$120.00	21.0%	6.0%	16.7%	39.1%	0.0%	2.1%	-1.4%	3.6K	-147.4K	-3.0K	0.00	73.86	N/A	N/A	0	0	231	163
2024-03-20	$119.07	$120.00	20.9%	6.0%	18.3%	38.9%	0.0%	1.4%	-2.0%	25.0K	-351.1K	-3.4K	0.00	84.73	N/A	N/A	0	0	231	163
2024-03-21	$119.84	$120.00	17.5%	5.0%	18.4%	18.4%	18.9%	-0.3%	0.9%	27.0K	-374.1K	-3.4K	0.00	88.37	N/A	N/A	4	0	231	163
2024-03-22	$118.04	$120.00	17.0%	4.9%	19.4%	15.4%	19.0%	-0.1%	6.0%	16.1K	-261.3K	-3.0K	0.00	91.85	N/A	N/A	0	4	233	163
2024-03-25	$118.08	$120.00	20.4%	5.9%	18.8%	36.0%	0.0%	2.1%	-2.2%	6.5K	-179.5K	-2.5K	0.00	86.86	N/A	N/A	4	0	233	165
2024-03-26	$117.68	$120.00	18.1%	5.2%	17.8%	22.0%	0.0%	2.1%	2.8%	2.7K	-158.8K	-2.4K	0.00	91.38	N/A	N/A	100	0	237	165
2024-03-27	$119.65	$120.00	17.8%	5.1%	18.4%	20.0%	18.3%	1.2%	0.4%	10.5K	-282.7K	-2.3K	0.10	92.62	N/A	N/A	60	6	137	165
2024-03-28	$120.77	$120.00	17.9%	5.1%	18.5%	21.1%	18.1%	0.9%	0.2%	79.7K	-753.6K	-3.0K	0.71	88.57	N/A	N/A	14	10	195	165