IWC Options History — September 2024

In September 2024, IWC traded between $117.14 and $126.25. ATM implied volatility averaged 22.1%, placing in the 35.3% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 0.1% (HV 20d: 22.3%). Max pain ranged from $114.00 to $120.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.21.

Notable Days

  • 2024-09-19: Highest Volume — 118 contracts
  • 2024-09-10: Largest IV drop — 36.3% change
  • 2024-09-09: Highest IV Rank — 53.5%
  • 2024-09-03: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$121.54$117.14$126.25$120.00$122.91
Max Pain$115.40$114.00$120.00$120.00$115.00
ATM IV22.1%16.4%28.1%27.0%19.6%
Expected Move6.4%4.7%7.7%7.7%5.6%
HV 20d22.3%19.6%25.5%25.5%19.9%
HV 60d28.8%28.3%29.3%28.7%29.2%
IV Rank35.3%17.8%53.5%50.1%27.5%
IV Percentile57.8%12.3%95.6%95.6%26.2%
Term Structure2.1%-5.0%14.8%-3.5%-0.3%
VWIV21.3%16.6%26.1%26.1%22.7%
Skew 25d0.5%-12.0%9.6%9.6%-9.5%
Skew 10d1.6%-6.5%16.2%-2.7%-6.3%
Call IV 25d17.9%12.4%26.6%18.1%23.7%
Put IV 25d18.4%14.2%27.7%27.7%14.2%
Bid-Ask Spread %102.0278.05113.92104.72110.93
Gamma HHI0.160.130.300.150.13
Net GEX256.1K169.8K485.2K212.1K254.0K
Net DEX-2.6M-4.7M-1.5M-2.1M-2.8M
Net VEX-10.5K-12.0K-9.1K-10.3K-10.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.001.000.200.08
Total Volume4021186742
Total OI716.2582890709598

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-09-03$120.00$120.0027.0%7.7%25.5%50.1%26.1%9.6%-3.5%212.1K-2.1M-10.3K0.20104.72N/AN/A561165356
2024-09-04$119.72$120.0023.5%6.7%25.1%39.5%0.0%2.3%-1.0%203.1K-2.0M-10.2K0.00108.55N/AN/A6064664
2024-09-05$119.02$115.0024.4%6.7%24.2%42.2%26.1%7.3%0.9%199.0K-1.9M-9.7K0.3378.05N/AN/A15565064
2024-09-06$117.14$115.0026.1%7.4%24.1%47.5%24.2%7.6%-5.0%169.8K-1.5M-9.2K0.2485.40N/AN/A17465767
2024-09-09$117.90$115.0028.1%6.9%24.0%53.5%17.6%6.4%0.9%183.4K-1.6M-9.1K0.0090.64N/AN/A19065367
2024-09-10$118.37$114.0017.9%7.0%23.9%22.3%0.0%3.1%-0.6%190.8K-1.7M-9.3K0.3893.74N/AN/A8366867
2024-09-11$118.85$114.0021.8%6.2%23.3%34.3%17.6%5.9%2.2%200.7K-1.7M-9.2K1.0093.78N/AN/A1167170
2024-09-12$119.93$115.0023.8%6.8%23.2%40.4%0.0%4.5%0.5%221.4K-2.0M-9.5K1.0095.49N/AN/A3367271
2024-09-13$122.68$115.0023.3%6.7%22.2%38.8%21.3%1.5%-0.1%263.1K-2.8M-10.2K0.40100.72N/AN/A15667472
2024-09-16$122.64$115.0020.9%6.0%22.2%31.6%20.3%-6.0%1.4%263.5K-2.7M-9.8K0.0497.61N/AN/A95467378
2024-09-17$123.38$115.0024.1%6.9%21.9%41.5%24.0%2.1%1.8%300.4K-3.4M-11.3K0.00103.71N/AN/A84074074
2024-09-18$124.00$115.0024.9%7.1%21.8%43.7%22.6%0.9%-1.8%324.2K-3.8M-11.5K0.01111.65N/AN/A86176774
2024-09-19$126.25$115.0024.1%6.9%22.3%41.4%23.5%-6.5%-0.2%361.6K-4.7M-11.9K0.04106.98N/AN/A114479174
2024-09-20$125.30$115.0021.8%6.3%22.0%34.3%21.2%-5.5%1.7%485.2K-4.2M-12.0K0.09106.58N/AN/A64681377
2024-09-23$123.02$115.0016.8%4.8%19.9%19.0%21.8%-2.4%14.8%279.0K-3.0M-11.6K0.03106.99N/AN/A66260828
2024-09-24$123.40$115.0016.4%4.7%19.6%17.8%16.6%3.9%14.3%268.0K-3.0M-11.4K0.00113.92N/AN/A7057930
2024-09-25$121.42$115.0019.8%5.7%20.2%28.1%19.0%-4.5%5.5%252.6K-2.6M-10.9K0.00108.93N/AN/A32057930
2024-09-26$122.27$115.0020.9%6.0%20.1%31.4%17.1%0.6%3.5%241.7K-2.6M-10.8K0.17112.37N/AN/A12255230
2024-09-27$122.57$115.0017.8%5.1%19.9%21.9%19.6%-12.0%7.1%247.8K-2.8M-11.0K0.20109.59N/AN/A5155631
2024-09-30$122.91$115.0019.6%5.6%19.9%27.5%22.7%-9.5%-0.3%254.0K-2.8M-10.8K0.08110.93N/AN/A39356731