IWC Options History — August 2024

In August 2024, IWC traded between $113.08 and $124.94. ATM implied volatility averaged 25.9%, placing in the 48.5% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 9.8% (HV 20d: 35.7%). Max pain ranged from $110.00 to $122.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.16.

Notable Days

2024-08-01: Highest Volume — 101 contracts
2024-08-05: Largest IV spike — 38.3% change
2024-08-05: Highest IV Rank — 100.0%
2024-08-05: Largest Expected Move — 10.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$119.01	$113.08	$124.94	$122.88	$123.71
Max Pain	$115.14	$110.00	$122.00	$122.00	$120.00
ATM IV	25.9%	17.2%	43.3%	31.4%	19.4%
Expected Move	7.1%	4.9%	10.6%	9.0%	5.6%
HV 20d	35.7%	28.2%	41.9%	35.4%	28.2%
HV 60d	27.1%	23.4%	28.4%	23.4%	28.0%
IV Rank	48.5%	20.1%	100.0%	83.4%	26.9%
IV Percentile	72.9%	18.7%	100.0%	99.6%	29.0%
Term Structure	-0.3%	-8.4%	7.3%	-6.9%	7.3%
VWIV	19.8%	13.7%	30.6%	23.2%	20.6%
Skew 25d	3.3%	-5.4%	16.3%	-0.7%	0.3%
Skew 10d	4.7%	-7.5%	13.6%	1.0%	2.0%
Call IV 25d	16.9%	11.5%	26.4%	20.7%	15.3%
Put IV 25d	20.2%	13.2%	33.7%	20.0%	15.5%
Bid-Ask Spread %	102.18	91.12	110.09	110.09	110.04
Gamma HHI	0.13	0.10	0.17	0.11	0.17
Net GEX	205.3K	136.0K	270.2K	214.9K	268.9K
Net DEX	-2.2M	-3.6M	-1.1M	-2.9M	-3.2M
Net VEX	-11.5K	-13.1K	-9.5K	-13.1K	-11.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.16	0.00	0.86	0.15	0.00
Total Volume	32.909	6	101	101	6
Total OI	760.818	662	841	736	710

Daily Data (22 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
2024-08-01	$122.88	$122.00	31.4%	9.0%	35.4%	83.4%	23.2%	-0.7%	-6.9%	214.9K	-2.9M	-13.1K	0.15	110.09	N/A	N/A	88	13	667	69
2024-08-02	$118.50	$122.00	31.3%	9.0%	37.9%	83.2%	25.5%	1.5%	-4.5%	179.1K	-1.9M	-12.2K	0.24	107.02	N/A	N/A	45	11	698	76
2024-08-05	$113.39	$110.00	43.3%	10.6%	41.1%	100.0%	23.3%	13.9%	-6.4%	136.0K	-1.3M	-11.2K	0.77	91.12	N/A	N/A	26	20	720	82
2024-08-06	$115.15	$115.00	29.3%	8.6%	41.5%	57.4%	30.6%	11.3%	-2.9%	152.7K	-1.3M	-11.1K	0.00	97.77	N/A	N/A	38	0	724	87
2024-08-07	$113.08	$112.00	34.3%	8.5%	41.9%	72.5%	19.3%	13.7%	-0.5%	142.7K	-1.2M	-11.1K	0.01	93.62	N/A	N/A	70	1	742	87
2024-08-08	$115.34	$112.00	33.6%	9.0%	38.5%	70.3%	0.0%	-5.4%	-8.4%	166.5K	-1.4M	-11.3K	0.00	100.47	N/A	N/A	11	0	759	82
2024-08-09	$114.47	$112.00	25.9%	7.6%	38.1%	46.9%	15.5%	0.3%	-0.2%	160.6K	-1.3M	-10.3K	0.00	97.35	N/A	N/A	8	0	761	67
2024-08-12	$113.81	$112.00	30.4%	7.6%	36.6%	60.6%	21.6%	8.5%	-4.1%	138.0K	-1.1M	-9.6K	0.00	94.65	N/A	N/A	6	0	757	67
2024-08-13	$115.67	$112.00	30.3%	6.4%	34.1%	60.3%	18.9%	0.7%	1.2%	180.5K	-1.5M	-10.5K	0.86	99.37	N/A	N/A	7	6	759	67
2024-08-14	$114.82	$112.00	24.9%	7.2%	34.1%	43.9%	17.1%	0.7%	-0.4%	141.5K	-1.2M	-9.5K	0.83	101.22	N/A	N/A	6	5	763	72
2024-08-15	$118.25	$112.00	25.4%	7.3%	35.2%	45.3%	13.7%	-4.4%	-4.3%	233.8K	-2.0M	-11.2K	0.25	103.96	N/A	N/A	16	4	769	71
2024-08-16	$118.94	$112.00	20.2%	5.8%	35.3%	29.5%	15.5%	10.7%	2.5%	254.5K	-2.2M	-11.6K	0.10	102.19	N/A	N/A	20	2	766	71
2024-08-19	$120.45	$112.00	21.5%	6.2%	34.6%	33.4%	17.7%	16.3%	0.5%	207.9K	-2.5M	-11.4K	0.07	104.44	N/A	N/A	28	2	613	49
2024-08-20	$119.81	$112.00	22.3%	6.4%	33.7%	35.7%	21.4%	-0.6%	5.6%	203.8K	-2.3M	-11.5K	0.03	97.64	N/A	N/A	40	1	623	49
2024-08-21	$121.22	$115.00	17.4%	5.0%	33.4%	21.0%	22.1%	0.2%	4.3%	226.7K	-2.7M	-12.1K	0.00	106.46	N/A	N/A	19	0	629	50
2024-08-22	$119.84	$117.00	22.9%	6.6%	33.0%	37.8%	22.3%	1.4%	3.1%	215.9K	-2.4M	-11.7K	0.07	104.22	N/A	N/A	15	1	640	50
2024-08-23	$123.91	$117.00	20.9%	6.0%	35.3%	31.5%	14.6%	2.8%	3.7%	241.5K	-3.4M	-12.7K	0.03	105.67	N/A	N/A	58	2	639	53
2024-08-26	$124.94	$118.00	24.2%	6.9%	35.2%	41.6%	19.2%	1.6%	-1.3%	257.6K	-3.6M	-12.8K	0.05	108.02	N/A	N/A	56	3	649	53
2024-08-27	$123.74	$118.00	21.5%	6.2%	35.3%	33.3%	19.3%	-3.4%	1.1%	270.2K	-3.3M	-12.4K	0.00	97.04	N/A	N/A	32	0	663	54
2024-08-28	$122.68	$119.00	21.2%	6.1%	35.0%	32.4%	19.6%	1.3%	-0.7%	260.0K	-3.0M	-12.3K	0.05	107.66	N/A	N/A	37	2	670	54
2024-08-29	$123.70	$120.00	17.2%	4.9%	31.3%	20.1%	15.1%	1.1%	3.5%	262.9K	-3.3M	-12.0K	0.00	108.02	N/A	N/A	19	0	651	56
2024-08-30	$123.71	$120.00	19.4%	5.6%	28.2%	26.9%	20.6%	0.3%	7.3%	268.9K	-3.2M	-11.9K	0.00	110.04	N/A	N/A	6	0	654	56