IWC Options History — May 2025

In May 2025, IWC traded between $111.24 and $120.53. ATM implied volatility averaged 20.8%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded below realized volatility by 9.7% (HV 20d: 30.5%). Max pain ranged from $100.00 to $120.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.07.

Notable Days

  • 2025-05-08: Highest Volume — 61 contracts
  • 2025-05-09: Largest IV spike — 30.2% change
  • 2025-05-22: Highest IV Rank — 22.1%
  • 2025-05-06: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.06$111.24$120.53$111.55$119.37
Max Pain$118.10$100.00$120.00$100.00$120.00
ATM IV20.8%16.0%24.2%21.5%19.4%
Expected Move6.3%5.1%7.8%6.2%5.6%
HV 20d30.5%21.5%54.2%54.2%24.3%
HV 60d37.4%36.3%38.0%36.3%37.4%
IV Rank16.5%8.8%22.1%17.9%13.6%
IV Percentile45.2%16.7%68.3%50.0%32.9%
Term Structure1.3%-1.5%8.5%8.5%2.5%
VWIV16.2%12.4%21.9%17.4%13.1%
Skew 25d4.1%1.0%14.5%4.8%4.0%
Skew 10d4.2%1.4%7.7%4.8%4.9%
Call IV 25d14.9%12.0%19.0%16.1%14.2%
Put IV 25d19.0%14.0%30.2%20.9%18.2%
Bid-Ask Spread %103.4488.91113.64111.25108.71
Gamma HHI0.090.070.140.100.08
Net GEX45.9K25.4K61.2K30.8K43.9K
Net DEX-366.6K-646.9K-78.4K-159.2K-444.4K
Net VEX-2.8K-3.6K-1.8K-2.3K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.070.001.000.000.00
Total Volume7.38106121
Total OI344.762325367325360

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$111.55$100.0021.5%6.2%54.2%17.9%0.0%4.8%8.5%30.8K-159.2K-2.3K0.00111.25N/AN/A2028243
2025-05-02$114.04$100.0017.6%5.1%49.7%11.5%0.0%1.0%4.8%39.5K-262.4K-2.6K0.10113.64N/AN/A10128443
2025-05-05$113.06$120.0022.6%6.8%47.0%19.6%0.0%7.5%0.5%37.0K-194.4K-2.3K1.0098.36N/AN/A1128642
2025-05-06$111.24$120.0018.2%7.8%47.2%12.4%0.0%14.5%-0.1%25.4K-78.4K-1.8K0.0088.91N/AN/A1028543
2025-05-07$111.25$120.0021.1%7.2%44.6%17.2%0.0%3.6%0.8%29.5K-99.4K-1.9K0.0099.31N/AN/A1028643
2025-05-08$114.65$120.0016.0%7.0%33.6%8.8%0.0%6.1%0.9%39.9K-232.0K-2.2K0.00100.66N/AN/A61028743
2025-05-09$113.84$120.0020.8%7.2%24.7%16.7%0.0%2.5%0.3%44.1K-249.1K-2.6K0.0099.46N/AN/A0031843
2025-05-12$117.81$120.0021.5%6.1%25.8%17.8%17.4%1.1%1.4%57.4K-452.8K-2.9K0.00100.44N/AN/A15031843
2025-05-13$119.08$120.0021.7%5.9%25.5%18.1%0.0%4.8%1.7%59.0K-566.1K-3.3K0.0095.49N/AN/A0032243
2025-05-14$117.97$120.0019.5%5.6%26.1%14.5%0.0%3.3%4.3%54.4K-455.9K-2.8K0.0097.25N/AN/A0132243
2025-05-15$118.88$120.0020.2%5.8%25.2%15.7%0.0%2.0%0.5%47.6K-479.9K-2.7K0.00103.69N/AN/A1032244
2025-05-16$120.47$120.0019.9%5.7%25.0%15.2%21.9%3.0%0.1%61.2K-646.9K-3.2K0.00104.42N/AN/A8032344
2025-05-19$119.94$120.0019.3%5.5%23.5%14.2%12.4%3.2%1.3%50.3K-393.5K-3.0K0.00107.07N/AN/A4030324
2025-05-20$120.49$120.0022.7%6.5%21.5%19.8%0.0%1.9%-1.0%53.5K-442.6K-3.0K0.00105.95N/AN/A9030624
2025-05-21$117.63$120.0022.6%6.5%23.8%19.6%0.0%2.8%-1.5%43.1K-329.1K-3.1K0.00108.04N/AN/A27031524
2025-05-22$118.45$120.0024.2%6.9%23.2%22.1%13.1%4.2%-0.6%46.6K-362.0K-3.2K0.00104.70N/AN/A1031724
2025-05-23$117.91$120.0024.0%6.9%23.3%21.2%0.0%4.1%-0.0%40.1K-318.7K-3.2K0.00105.09N/AN/A0031724
2025-05-27$120.53$120.0021.5%6.2%24.2%17.0%0.0%5.2%-0.2%54.9K-516.0K-3.3K0.00107.13N/AN/A0032624
2025-05-28$119.84$120.0020.3%5.8%24.3%15.0%0.0%3.1%2.6%57.8K-536.0K-3.6K0.00107.04N/AN/A0032624
2025-05-29$120.31$120.0022.5%6.4%24.0%18.7%0.0%2.9%-0.2%47.7K-480.4K-3.4K0.00105.58N/AN/A10032624
2025-05-30$119.37$120.0019.4%5.6%24.3%13.6%0.0%4.0%2.5%43.9K-444.4K-3.3K0.00108.71N/AN/A1033624