IWC Options History — November 2024

In November 2024, IWC traded between $124.40 and $138.88. ATM implied volatility averaged 23.2%, placing in the 38.6% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 4.3% (HV 20d: 27.5%). Max pain ranged from $118.00 to $120.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.41.

Notable Days

  • 2024-11-06: Highest Volume — 100 contracts
  • 2024-11-11: Largest IV spike — 44.4% change
  • 2024-11-05: Highest IV Rank — 76.5%
  • 2024-11-01: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$132.87$124.40$138.88$124.40$138.88
Max Pain$118.55$118.00$120.00$120.00$120.00
ATM IV23.2%17.5%35.6%28.5%24.3%
Expected Move6.4%5.5%8.2%8.2%7.0%
HV 20d27.5%19.0%30.7%19.3%29.6%
HV 60d22.6%20.1%23.7%20.2%22.9%
IV Rank38.6%21.0%76.5%54.8%42.0%
IV Percentile58.1%17.1%99.6%95.2%78.2%
Term Structure-0.7%-3.8%2.2%-3.5%-3.8%
VWIV23.4%16.2%34.0%30.2%34.0%
Skew 25d11.7%1.4%19.0%11.4%15.7%
Skew 10d16.3%-8.6%30.4%-8.6%20.1%
Call IV 25d18.3%12.4%26.4%20.6%18.5%
Put IV 25d30.0%17.3%35.7%32.1%34.3%
Bid-Ask Spread %107.2396.77114.5498.22112.32
Gamma HHI0.130.100.170.100.17
Net GEX199.9K154.5K259.3K179.3K177.5K
Net DEX-3.7M-4.9M-2.3M-2.3M-4.9M
Net VEX-8.3K-9.1K-7.4K-8.9K-8.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.005.000.330.00
Total Volume21.35110041
Total OI526.2485557523557

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-11-01$124.40$120.0028.5%8.2%19.3%54.8%30.2%11.4%-3.5%179.3K-2.3M-8.9K0.3398.22N/AN/A3147053
2024-11-04$124.93$118.0030.6%7.0%19.0%61.2%26.1%9.3%-3.6%187.6K-2.3M-8.5K0.0096.77N/AN/A3047254
2024-11-05$127.09$118.0035.6%7.2%19.8%76.5%26.0%12.8%-1.3%203.1K-2.8M-8.8K1.0097.36N/AN/A1147554
2024-11-06$134.67$118.0026.0%7.1%27.9%47.1%25.4%12.8%-0.6%211.3K-4.3M-8.2K0.0099.66N/AN/A100047555
2024-11-07$134.59$118.0022.2%6.4%27.6%35.4%22.6%19.0%-1.6%179.3K-3.7M-7.6K0.02101.89N/AN/A43143055
2024-11-08$135.46$118.0017.5%7.2%26.3%21.0%23.1%17.8%-3.2%172.1K-4.0M-7.8K0.00103.39N/AN/A10043956
2024-11-11$138.22$118.0025.2%5.9%26.9%44.7%23.2%1.4%0.3%154.5K-4.3M-7.4K0.25104.33N/AN/A24643756
2024-11-12$135.67$118.0022.5%6.2%28.2%36.6%24.0%11.9%-1.0%181.9K-4.1M-7.5K0.18104.25N/AN/A28544363
2024-11-13$134.06$118.0022.1%6.3%27.8%35.3%20.9%16.1%-1.6%198.4K-3.9M-8.8K0.00107.57N/AN/A36046968
2024-11-14$131.58$118.0021.1%6.0%28.7%32.0%21.0%13.0%0.6%256.2K-3.6M-8.7K0.04108.12N/AN/A27148468
2024-11-15$128.92$118.0022.0%6.3%29.7%34.9%19.2%9.2%0.8%259.3K-3.0M-8.7K0.33110.62N/AN/A18648868
2024-11-18$128.70$118.0022.1%6.3%29.1%35.1%16.2%13.7%2.1%210.4K-2.8M-8.8K0.00110.35N/AN/A10045859
2024-11-19$129.78$118.0019.3%5.5%29.2%26.6%19.3%15.3%-0.2%220.7K-3.0M-8.6K0.15113.62N/AN/A13245959
2024-11-20$129.49$118.0022.5%6.4%28.8%36.3%22.1%10.5%-1.1%216.4K-3.0M-9.1K0.50109.84N/AN/A4246461
2024-11-21$132.78$119.0019.3%5.5%30.0%26.7%19.7%9.3%0.8%212.6K-3.7M-8.4K5.00114.54N/AN/A1546563
2024-11-22$135.50$119.0019.5%5.6%30.5%27.2%21.1%12.0%0.3%209.7K-4.2M-8.1K0.00114.50N/AN/A16046664
2024-11-25$138.39$119.0023.1%6.6%30.4%38.3%22.7%8.6%-0.5%181.6K-4.7M-7.4K0.39109.42N/AN/A281146164
2024-11-26$136.82$120.0021.4%6.1%30.7%33.1%27.8%6.5%1.4%202.6K-4.4M-7.8K0.08113.97N/AN/A13146575
2024-11-27$137.56$120.0019.2%5.5%30.7%26.4%34.0%8.2%2.2%183.6K-4.7M-8.1K0.00113.91N/AN/A6047676
2024-11-29$138.88$120.0024.3%7.0%29.6%42.0%0.0%15.7%-3.8%177.5K-4.9M-8.0K0.00112.32N/AN/A1048176