IWC Options History — December 2024

In December 2024, IWC traded between $127.48 and $139.19. ATM implied volatility averaged 21.9%, placing in the 34.7% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 2.6% (HV 20d: 24.5%). Max pain ranged from $120.00 to $137.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.85.

Notable Days

  • 2024-12-16: Highest Volume — 89 contracts
  • 2024-12-18: Largest IV spike — 36.9% change
  • 2024-12-02: Highest IV Rank — 51.9%
  • 2024-12-02: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$133.86$127.48$139.19$139.19$130.20
Max Pain$134.10$120.00$137.00$120.00$135.00
ATM IV21.9%17.4%27.6%27.6%22.0%
Expected Move6.2%5.0%7.9%7.9%6.3%
HV 20d24.5%18.8%30.5%29.5%25.8%
HV 60d23.9%22.5%25.7%22.6%25.5%
IV Rank34.7%20.7%51.9%51.9%34.9%
IV Percentile50.4%16.7%93.3%93.3%52.8%
Term Structure1.1%-10.0%6.9%-10.0%-1.4%
VWIV22.8%13.5%38.1%27.3%13.9%
Skew 25d8.1%-0.3%18.2%3.4%12.2%
Skew 10d11.4%1.8%22.1%9.1%3.4%
Call IV 25d16.5%11.9%24.5%18.3%13.5%
Put IV 25d24.5%12.8%34.6%21.6%25.7%
Bid-Ask Spread %111.2596.81121.46112.31116.61
Gamma HHI0.150.070.300.150.11
Net GEX175.8K79.5K281.7K171.0K88.9K
Net DEX-3.3M-5.1M-1.4M-4.9M-1.7M
Net VEX-7.5K-8.6K-6.5K-8.1K-7.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.007.002.000.00
Total Volume18.38108996
Total OI549.524376649558415

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$139.19$120.0027.6%7.9%29.5%51.9%27.3%3.4%-10.0%171.0K-4.9M-8.1K2.00112.31N/AN/A3648276
2024-12-03$136.88$120.0022.9%6.6%30.5%37.6%31.4%13.6%0.6%232.9K-4.6M-7.9K0.00117.23N/AN/A16048581
2024-12-04$137.34$120.0024.7%7.1%30.2%43.1%19.9%18.2%-3.2%193.5K-4.7M-8.0K0.15113.63N/AN/A39648981
2024-12-05$136.94$137.0027.5%5.9%22.5%51.8%0.0%10.3%4.1%214.8K-4.6M-8.6K0.00100.68N/AN/A13051987
2024-12-06$137.71$137.0019.0%6.1%22.5%25.8%21.5%17.6%1.2%245.8K-4.9M-8.2K0.0096.81N/AN/A22053587
2024-12-09$137.34$137.0019.2%6.3%22.5%26.5%25.7%8.2%3.4%262.2K-5.0M-8.0K0.50103.28N/AN/A241253787
2024-12-10$137.23$137.0023.3%6.3%21.3%38.9%0.0%16.9%-0.2%254.7K-4.9M-8.1K1.50105.07N/AN/A4654299
2024-12-11$138.19$137.0020.6%5.9%20.3%30.6%0.0%11.0%0.3%228.4K-5.1M-7.9K0.00109.10N/AN/A30542105
2024-12-12$135.37$137.0021.0%6.0%21.2%31.8%0.0%13.0%1.0%273.5K-4.5M-7.8K0.00112.70N/AN/A00541105
2024-12-13$134.41$137.0020.6%5.9%20.2%30.8%20.8%13.4%6.9%264.6K-4.1M-7.8K1.00108.85N/AN/A33541105
2024-12-16$135.87$137.0021.8%6.2%18.8%34.1%31.8%13.7%-2.1%234.7K-4.5M-7.4K0.00114.00N/AN/A890542107
2024-12-17$134.69$137.0019.2%5.5%19.2%26.3%21.2%3.6%-0.2%281.7K-2.7M-7.3K0.50108.90N/AN/A84498107
2024-12-18$127.48$137.0026.3%7.5%27.8%48.0%0.0%5.9%0.1%110.9K-1.4M-6.8K0.03110.38N/AN/A401496110
2024-12-19$128.09$137.0024.7%7.1%27.8%43.0%0.0%-0.3%1.8%95.4K-1.4M-7.0K3.00121.46N/AN/A26503110
2024-12-20$129.59$137.0023.7%6.8%26.6%40.2%20.1%2.3%-0.6%108.1K-1.7M-7.2K0.38106.94N/AN/A135502102
2024-12-23$128.92$137.0019.7%5.6%25.4%27.7%18.6%1.8%3.6%79.5K-1.4M-6.9K0.00108.95N/AN/A7034531
2024-12-24$130.31$135.0017.4%5.0%24.3%20.7%0.0%-0.2%4.6%84.6K-1.5M-6.7K0.00119.32N/AN/A0035131
2024-12-26$133.38$135.0020.9%6.0%25.8%31.6%14.7%1.6%2.0%88.1K-1.8M-6.8K0.00113.44N/AN/A7035131
2024-12-27$131.17$135.0018.6%5.3%26.2%24.5%13.5%0.9%5.7%92.0K-1.6M-6.8K7.00116.12N/AN/A21435531
2024-12-30$130.68$135.0019.7%5.7%25.9%28.0%38.1%2.4%5.9%86.5K-1.6M-6.5K0.00120.53N/AN/A22035739
2024-12-31$130.20$135.0022.0%6.3%25.8%34.9%13.9%12.2%-1.4%88.9K-1.7M-7.1K0.00116.61N/AN/A6037639