IWC Options History — July 2024

In July 2024, IWC traded between $111.86 and $129.43. ATM implied volatility averaged 20.7%, placing in the 40.7% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 2.1% (HV 20d: 22.9%). Max pain ranged from $111.00 to $122.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.07.

Notable Days

  • 2024-07-12: Highest Volume — 320 contracts
  • 2024-07-05: Largest IV spike — 87.5% change
  • 2024-07-29: Highest IV Rank — 63.8%
  • 2024-07-29: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$122.06$111.86$129.43$113.32$128.53
Max Pain$116.09$111.00$122.00$114.00$122.00
ATM IV20.7%12.3%26.5%12.9%25.9%
Expected Move6.0%3.5%7.6%3.7%7.4%
HV 20d22.9%13.2%30.5%15.1%30.3%
HV 60d19.1%15.4%21.6%17.0%21.4%
IV Rank40.7%7.0%63.8%9.2%61.4%
IV Percentile58.5%0.8%98.8%1.6%97.6%
Term Structure-0.4%-5.5%6.1%6.1%-5.2%
VWIV19.9%11.8%25.5%23.3%20.7%
Skew 25d-2.5%-10.7%2.8%2.8%-4.1%
Skew 10d0.8%-12.9%11.8%0.7%-0.7%
Call IV 25d17.4%10.5%27.9%10.8%22.0%
Put IV 25d14.9%11.7%21.9%13.6%18.0%
Bid-Ask Spread %107.5697.61130.93130.93105.59
Gamma HHI0.170.120.250.250.13
Net GEX129.7K14.1K308.2K17.8K240.5K
Net DEX-2.3M-4.3M-162.7K-188.7K-4.3M
Net VEX-6.7K-13.3K-575-672-13.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.070.000.200.000.00
Total Volume64.3640320060
Total OI347.0455570255702

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$113.32$114.0012.9%3.7%15.1%9.2%0.0%2.8%6.1%17.8K-188.7K-6720.00130.93N/AN/A00487
2024-07-02$112.91$114.0013.2%3.8%15.1%10.6%0.0%0.6%4.7%16.6K-174.9K-6000.00125.00N/AN/A00487
2024-07-03$113.13$114.0012.3%3.5%14.2%7.0%0.0%0.5%3.8%16.9K-185.1K-6240.00129.66N/AN/A00487
2024-07-05$111.86$111.0023.1%6.1%13.2%50.3%23.3%-5.9%0.1%14.1K-162.7K-6070.00107.43N/AN/A02487
2024-07-08$113.41$111.0013.3%5.1%14.0%10.8%0.0%1.1%0.5%16.4K-178.2K-5910.00111.13N/AN/A20488
2024-07-09$113.25$111.0015.7%4.1%13.3%20.6%0.0%1.6%0.5%18.7K-181.4K-5910.00104.50N/AN/A00508
2024-07-10$114.22$111.0017.6%5.0%13.6%28.0%11.8%2.0%0.2%20.6K-201.1K-5750.00113.03N/AN/A30508
2024-07-11$119.91$111.0019.1%5.5%21.8%34.4%16.9%1.4%-2.1%22.3K-358.7K-7260.17104.65N/AN/A61538
2024-07-12$121.59$112.0018.8%5.4%21.6%32.9%18.2%-4.8%1.0%22.7K-451.9K-8390.03103.45N/AN/A3128599
2024-07-15$124.72$115.0021.4%6.1%22.7%43.3%21.0%-10.4%-0.5%170.8K-2.8M-6.8K0.0997.61N/AN/A1781634315
2024-07-16$129.43$118.0025.3%7.2%23.9%58.9%18.8%-1.1%-5.5%147.4K-3.9M-8.9K0.1599.41N/AN/A841342831
2024-07-17$128.06$118.0021.9%6.3%24.6%45.4%17.5%-3.9%-2.1%181.7K-3.8M-9.7K0.13101.91N/AN/A60845920
2024-07-18$124.69$118.0022.7%6.5%27.1%48.6%16.6%-0.6%-0.7%209.5K-3.2M-10.9K0.01106.60N/AN/A145249123
2024-07-19$123.73$118.0024.5%7.0%27.2%55.9%21.7%-6.1%-3.3%308.2K-3.4M-11.8K0.20102.32N/AN/A15360024
2024-07-22$126.52$118.0022.2%6.4%27.8%46.5%19.1%-0.9%2.8%263.4K-3.9M-12.2K0.10102.77N/AN/A1191257120
2024-07-23$128.81$118.0025.5%7.3%28.1%59.9%23.1%0.7%-5.5%183.8K-3.8M-11.2K0.00103.25N/AN/A28049332
2024-07-24$126.04$118.0023.2%6.7%29.5%50.8%20.3%-1.8%-3.9%192.0K-3.4M-11.1K0.04106.45N/AN/A49249032
2024-07-25$127.90$118.0022.0%6.3%29.5%45.9%22.1%-6.0%3.1%181.3K-3.6M-10.5K0.00101.87N/AN/A13047834
2024-07-26$129.05$121.0024.3%7.0%29.5%55.1%25.5%-5.0%-0.5%170.5K-3.8M-10.4K0.11102.13N/AN/A1071247844
2024-07-29$127.31$121.0026.5%7.6%30.4%63.8%23.5%-10.7%-2.3%211.4K-3.8M-11.9K0.14102.77N/AN/A1081555854
2024-07-30$126.97$122.0024.4%7.0%30.5%55.6%18.5%-4.0%0.4%226.6K-4.0M-13.3K0.00103.85N/AN/A33062569
2024-07-31$128.53$122.0025.9%7.4%30.3%61.4%20.7%-4.1%-5.2%240.5K-4.3M-13.1K0.00105.59N/AN/A60063369