IWC Options History — March 2025

In March 2025, IWC traded between $111.41 and $118.84. ATM implied volatility averaged 25.3%, placing in the 44.9% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 1.0% (HV 20d: 24.3%). Max pain ranged from $119.00 to $120.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 3.38.

Notable Days

  • 2025-03-04: Highest Volume — 57 contracts
  • 2025-03-25: Largest IV spike — 42.0% change
  • 2025-03-10: Highest IV Rank — 92.5%
  • 2025-03-10: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$115.87$111.41$118.84$118.15$111.41
Max Pain$119.87$119.00$120.00$120.00$119.00
ATM IV25.3%16.9%40.9%28.1%20.8%
Expected Move7.5%5.2%11.7%8.1%7.2%
HV 20d24.3%19.1%29.3%21.2%27.0%
HV 60d23.7%22.9%25.1%23.3%23.7%
IV Rank44.9%19.3%92.5%53.5%31.1%
IV Percentile70.9%21.4%99.6%93.7%46.4%
Term Structure-1.0%-8.6%12.5%-8.1%-0.6%
VWIV24.5%16.2%30.5%27.1%22.5%
Skew 25d5.8%-3.9%16.1%2.7%-0.4%
Skew 10d6.7%-5.1%21.3%4.2%-5.1%
Call IV 25d14.4%11.3%23.9%15.5%16.8%
Put IV 25d20.2%14.1%31.3%18.3%16.3%
Bid-Ask Spread %93.8867.59111.86106.8384.81
Gamma HHI0.080.060.170.060.08
Net GEX30.2K-4.2K66.6K66.6K7.1K
Net DEX-116.4K-516.3K161.5K-516.3K57.5K
Net VEX-3.2K-4.7K-1.9K-4.7K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.380.0033.005.000.50
Total Volume8.81057123
Total OI469.429266562540275

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$118.15$120.0028.1%8.1%21.2%53.5%27.1%2.7%-8.1%66.6K-516.3K-4.7K5.00106.83N/AN/A21046971
2025-03-04$118.44$120.0030.0%8.6%21.2%59.3%30.5%6.3%-8.6%64.2K-489.0K-4.6K0.42107.40N/AN/A401746980
2025-03-05$118.84$120.0030.3%8.7%19.5%60.2%0.0%8.2%1.0%63.5K-440.8K-4.5K0.00108.03N/AN/A0246682
2025-03-06$116.64$120.0029.9%8.6%19.1%59.1%28.9%2.0%-4.5%45.2K-229.0K-4.2K2.00105.76N/AN/A1246681
2025-03-07$117.09$120.0029.0%8.3%19.2%56.3%25.2%4.4%-0.5%47.6K-294.3K-4.3K8.00107.50N/AN/A1846583
2025-03-10$113.28$120.0040.9%11.7%21.3%92.5%23.8%3.3%-1.4%21.0K36.4K-3.2K0.45108.05N/AN/A11546583
2025-03-11$113.87$120.0028.3%11.1%21.2%54.2%0.0%8.6%-1.5%24.8K17.6K-3.1K0.00108.11N/AN/A0046484
2025-03-12$115.23$120.0027.8%7.6%22.3%52.6%26.6%7.0%-2.4%29.7K-53.6K-3.4K0.25108.23N/AN/A4146484
2025-03-13$112.78$120.0027.7%5.5%22.9%52.3%0.0%16.1%-2.0%11.2K141.4K-2.6K0.00109.21N/AN/A5046483
2025-03-14$115.57$120.0026.4%5.2%24.5%48.3%18.3%13.5%-2.4%27.1K-33.9K-3.1K33.00111.86N/AN/A13346283
2025-03-17$117.10$120.0025.9%6.8%25.4%46.8%25.4%14.0%-2.1%30.5K-116.0K-3.4K1.0086.96N/AN/A3346399
2025-03-18$115.41$120.0026.3%6.9%25.5%47.9%16.2%2.9%-2.2%7.3K161.5K-2.9K0.5089.11N/AN/A2145497
2025-03-19$117.67$120.0017.1%7.0%27.1%19.9%0.0%7.2%12.5%50.4K-199.1K-3.5K0.0088.31N/AN/A0145590
2025-03-20$117.05$0.0019.4%6.7%27.0%26.8%0.0%2.4%-1.5%22.0K-13.6K-3.1K0.0072.70N/AN/A1045591
2025-03-21$115.94$0.0019.4%6.6%25.8%26.9%0.0%2.1%-2.1%-4.2K45.8K-2.8K1.5067.59N/AN/A2345689
2025-03-24$118.78$0.0017.0%6.3%27.1%19.5%0.0%9.6%9.6%36.2K-238.2K-3.1K0.3380.34N/AN/A6222640
2025-03-25$117.31$0.0024.1%6.2%27.2%41.3%0.0%11.2%-0.0%30.8K-167.0K-2.8K0.0085.16N/AN/A0123242
2025-03-26$114.94$0.0024.1%6.5%27.9%41.2%0.0%3.6%-1.4%19.4K-44.6K-2.3K1.0071.18N/AN/A1123242
2025-03-27$115.53$0.0016.9%6.7%27.9%19.3%22.5%1.0%2.1%22.6K-85.9K-2.4K3.5075.29N/AN/A2723341
2025-03-28$112.16$119.0021.9%7.1%29.3%34.6%0.0%-3.9%-3.9%10.5K17.6K-2.2K0.0088.95N/AN/A3023543
2025-03-31$111.41$119.0020.8%7.2%27.0%31.1%0.0%-0.4%-0.6%7.1K57.5K-1.9K0.5084.81N/AN/A2123243