IWC Options History — April 2024

In April 2024, IWC traded between $109.64 and $119.50. ATM implied volatility averaged 22.2%, placing in the 46.4% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 1.2% (HV 20d: 20.9%). Max pain ranged from $100.00 to $120.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.34.

Notable Days

  • 2024-04-16: Highest Volume — 11 contracts
  • 2024-04-25: Largest IV spike — 39.0% change
  • 2024-04-25: Highest IV Rank — 67.1%
  • 2024-04-25: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$114.06$109.64$119.50$119.50$112.04
Max Pain$107.27$100.00$120.00$120.00$100.00
ATM IV22.2%18.4%25.6%19.2%21.4%
Expected Move6.3%5.3%7.3%5.5%6.1%
HV 20d20.9%18.5%22.9%18.5%20.8%
HV 60d23.5%22.5%24.2%22.5%23.9%
IV Rank46.4%24.1%67.1%28.9%41.9%
IV Percentile67.6%22.2%97.2%27.0%59.9%
Term Structure-0.3%-5.8%5.3%-0.0%-1.9%
VWIV20.4%13.9%28.4%19.0%22.6%
Skew 25d3.7%0.8%11.5%1.4%1.3%
Skew 10d7.0%-6.2%17.9%4.2%-6.2%
Call IV 25d20.1%12.3%23.3%19.3%21.1%
Put IV 25d23.7%17.9%33.1%20.7%22.3%
Bid-Ask Spread %91.3579.70112.1194.21112.11
Gamma HHI0.190.100.340.310.11
Net GEX13.2K-26.7K63.3K63.3K-4.2K
Net DEX-155.7K-597.7K182.0K-597.7K-137.2K
Net VEX-2.5K-3.3K-1.7K-3.3K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.003.000.330.00
Total Volume1.72701140
Total OI356.773290389384300

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$119.50$120.0019.2%5.5%18.5%28.9%19.0%1.4%-0.0%63.3K-597.7K-3.3K0.3394.21N/AN/A31209175
2024-04-02$117.16$120.0020.5%5.9%19.6%36.5%0.0%3.5%-0.2%45.8K-328.2K-3.2K0.0092.17N/AN/A10209176
2024-04-03$118.14$120.0020.7%5.9%19.3%37.6%0.0%2.1%-1.6%53.6K-442.2K-3.0K0.0092.55N/AN/A00209176
2024-04-04$116.78$120.0022.6%5.9%19.6%48.7%0.0%1.8%0.6%43.5K-293.9K-3.2K0.0080.82N/AN/A30209176
2024-04-05$117.59$120.0021.4%6.0%19.6%41.7%0.0%1.7%-0.8%48.1K-340.6K-3.1K0.0079.70N/AN/A10210176
2024-04-08$118.22$120.0023.0%5.6%19.7%51.4%0.0%0.8%1.8%59.4K-409.3K-2.8K0.0080.22N/AN/A00209176
2024-04-09$118.19$120.0022.1%6.1%19.3%45.9%0.0%3.3%-1.3%62.0K-439.2K-2.7K0.0082.04N/AN/A00209176
2024-04-10$114.63$120.0023.1%6.6%22.2%51.9%28.4%3.0%-2.5%17.0K-65.4K-2.2K3.0081.38N/AN/A13209176
2024-04-11$116.33$100.0021.9%6.3%22.9%44.6%0.0%4.9%0.3%39.2K-145.3K-2.5K0.0084.51N/AN/A00210179
2024-04-12$113.97$100.0023.8%6.8%22.4%55.9%0.0%4.1%-1.9%-4.0K70.6K-2.5K0.0084.05N/AN/A00210179
2024-04-15$111.99$100.0023.3%6.7%22.7%52.9%0.0%1.8%1.3%-23.1K182.0K-2.5K0.0083.98N/AN/A00210179
2024-04-16$111.62$100.0019.4%5.6%22.7%30.0%0.0%4.3%2.3%-26.7K-6.2K-2.3K0.1092.15N/AN/A101210162
2024-04-17$110.25$100.0022.9%6.6%22.7%50.5%13.9%2.5%0.6%-13.5K49.6K-2.2K0.0091.65N/AN/A10220162
2024-04-18$109.74$100.0023.0%6.6%20.5%51.3%0.0%6.3%1.3%-15.1K113.1K-2.3K0.0093.87N/AN/A00219162
2024-04-19$109.64$100.0024.6%7.1%20.1%61.2%0.0%11.5%-1.4%-15.5K94.6K-2.2K0.0098.72N/AN/A01219162
2024-04-22$111.18$100.0025.0%7.2%20.7%63.4%18.2%2.8%-0.6%-16.1K-39.2K-2.1K0.0098.09N/AN/A60139151
2024-04-23$113.10$100.0021.7%6.2%21.9%43.6%22.6%3.7%-1.8%-5.4K-150.8K-1.9K0.0095.31N/AN/A40145151
2024-04-24$112.44$100.0018.4%5.3%21.9%24.1%0.0%9.8%5.3%-8.1K-122.6K-2.0K0.0098.74N/AN/A00149151
2024-04-25$111.10$100.0025.6%7.3%21.0%67.1%0.0%2.4%-5.8%-5.2K-86.2K-2.6K0.0094.32N/AN/A20149151
2024-04-26$112.31$100.0021.6%6.2%21.1%43.0%0.0%5.5%1.7%-5.3K-143.5K-1.9K0.0098.33N/AN/A00149151
2024-04-29$113.40$100.0022.7%6.5%21.5%49.5%0.0%2.8%-1.1%24-187.9K-1.7K0.00100.80N/AN/A00149151
2024-04-30$112.04$100.0021.4%6.1%20.8%41.9%0.0%1.3%-1.9%-4.2K-137.2K-1.8K0.00112.11N/AN/A00149151