IWC Options History — May 2024

In May 2024, IWC traded between $113.91 and $119.73. ATM implied volatility averaged 17.4%, placing in the 23.5% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 0.5% (HV 20d: 16.9%). Max pain ranged from $100.00 to $110.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 20.53.

Notable Days

  • 2024-05-13: Highest Volume — 201 contracts
  • 2024-05-10: Largest IV spike — 71.8% change
  • 2024-05-14: Highest IV Rank — 100.0%
  • 2024-05-02: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.48$113.91$119.73$113.91$117.06
Max Pain$107.27$100.00$110.00$100.00$110.00
ATM IV17.4%10.6%35.5%21.2%16.2%
Expected Move4.7%3.0%6.1%6.1%4.7%
HV 20d16.9%13.7%22.2%21.6%13.7%
HV 60d20.2%18.2%24.2%24.1%18.3%
IV Rank23.5%0.0%100.0%40.4%22.6%
IV Percentile21.8%0.0%100.0%56.3%7.1%
Term Structure2.2%-3.4%9.0%-1.6%-0.8%
VWIV21.5%12.7%36.4%23.4%36.4%
Skew 25d-0.2%-5.8%7.7%4.0%2.7%
Skew 10d0.7%-5.8%7.8%2.7%0.7%
Call IV 25d16.1%12.0%23.6%15.3%13.7%
Put IV 25d15.8%12.0%25.8%19.3%16.4%
Bid-Ask Spread %106.86102.25111.61111.10107.69
Gamma HHI0.170.080.280.090.27
Net GEX-18.9K-103.6K31.6K5.7K-59.6K
Net DEX-259.0K-499.8K247.6K-237.2K-83.9K
Net VEX-1.7K-2.8K-1.1K-1.5K-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio20.530.00200.000.332.00
Total Volume14.955020140
Total OI471.318300608300586

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$113.91$100.0021.2%6.1%21.6%40.4%23.4%4.0%-1.6%5.7K-237.2K-1.5K0.33111.10N/AN/A31149151
2024-05-02$115.09$100.0021.4%6.1%21.6%41.6%20.2%0.4%1.0%13.5K-297.0K-1.5K0.00111.61N/AN/A50152151
2024-05-03$116.35$100.0016.8%4.8%21.9%14.0%0.0%2.8%0.6%28.2K-412.1K-1.8K0.00111.17N/AN/A10157151
2024-05-06$117.60$105.0018.2%5.5%22.1%22.8%0.0%-2.5%1.3%26.7K-450.6K-1.3K0.00102.25N/AN/A00157151
2024-05-07$118.07$105.0014.1%4.2%22.2%0.0%0.0%-0.8%5.3%30.3K-482.1K-1.1K0.00105.19N/AN/A00157151
2024-05-08$117.42$105.0014.5%5.8%19.2%2.7%18.6%-0.2%0.0%31.6K-455.3K-1.2K0.00104.08N/AN/A10157151
2024-05-09$118.27$105.0014.6%5.2%18.7%3.2%0.0%-5.8%-0.9%30.5K-499.8K-1.1K2.00105.13N/AN/A12157151
2024-05-10$117.08$105.0025.1%4.4%17.4%64.7%0.0%-2.1%0.9%29.0K-435.5K-1.1K0.00108.06N/AN/A50158153
2024-05-13$117.19$105.0025.2%4.7%16.0%65.4%23.3%7.7%4.9%27.5K-421.8K-1.3K200.00103.76N/AN/A1200158153
2024-05-14$118.40$110.0035.5%5.5%16.1%100.0%24.4%-4.8%0.1%-17.7K-313.1K-2.1K0.00103.62N/AN/A0100159349
2024-05-15$119.51$110.0017.0%4.9%15.1%13.5%0.0%0.7%1.0%-18.0K-430.9K-1.8K1.00103.69N/AN/A11159449
2024-05-16$119.33$110.0016.6%4.8%14.9%11.8%0.0%0.7%1.1%-16.9K-415.5K-1.6K0.00105.30N/AN/A00158450
2024-05-17$118.95$110.0013.5%3.9%15.1%0.0%0.0%3.6%8.3%-29.4K-348.8K-2.0K0.00105.45N/AN/A10158450
2024-05-20$119.73$110.0010.6%3.0%14.6%0.0%13.2%-4.4%9.0%-29.3K-224.2K-1.8K0.00107.39N/AN/A01141445
2024-05-21$119.23$110.0014.7%4.2%14.0%16.4%0.0%-4.5%2.0%-48.5K-142.9K-2.1K0.00106.92N/AN/A00141445
2024-05-22$118.36$110.0015.2%4.3%14.1%18.3%0.0%-4.0%4.4%-33.4K-208.1K-1.5K0.00107.59N/AN/A00141445
2024-05-23$116.13$110.0016.6%4.8%15.2%24.2%12.7%-0.1%-3.4%-89.9K88.8K-2.6K2.00111.04N/AN/A12141445
2024-05-24$117.20$110.0014.2%4.1%15.1%14.4%0.0%0.1%0.4%-52.3K-131.2K-1.7K0.00107.23N/AN/A00140445
2024-05-28$117.24$110.0013.8%4.0%14.9%13.1%36.4%-1.6%6.1%-72.9K3.6K-2.1K0.00107.06N/AN/A02140445
2024-05-29$115.75$110.0012.4%3.5%15.0%7.1%0.0%0.5%7.8%-103.6K247.6K-2.8K0.00108.34N/AN/A00140446
2024-05-30$116.69$110.0015.8%4.5%14.1%20.9%0.0%3.1%0.0%-67.2K-48.5K-1.7K0.00107.27N/AN/A00140446
2024-05-31$117.06$110.0016.2%4.7%13.7%22.6%0.0%2.7%-0.8%-59.6K-83.9K-1.6K0.00107.69N/AN/A00140446