IWC Options History — June 2025

In June 2025, IWC traded between $119.54 and $127.93. ATM implied volatility averaged 19.3%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 0.1% (HV 20d: 19.4%). Max pain ranged from $120.00 to $130.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.19.

Notable Days

2025-06-18: Highest Volume — 82 contracts
2025-06-27: Largest IV spike — 31.0% change
2025-06-20: Highest IV Rank — 20.9%
2025-06-20: Largest Expected Move — 6.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$124.53	$119.54	$127.93	$119.54	$127.93
Max Pain	$125.20	$120.00	$130.00	$120.00	$124.00
ATM IV	19.3%	13.3%	23.9%	14.4%	18.9%
Expected Move	5.8%	3.8%	6.8%	4.1%	5.4%
HV 20d	19.4%	17.3%	23.5%	23.3%	17.5%
HV 60d	36.1%	35.2%	37.3%	37.1%	35.2%
IV Rank	13.5%	3.5%	20.9%	5.3%	12.8%
IV Percentile	32.4%	3.6%	64.7%	6.0%	23.4%
Term Structure	1.6%	-5.9%	7.1%	7.1%	-5.9%
VWIV	15.0%	11.6%	21.6%	13.5%	11.7%
Skew 25d	2.8%	-0.7%	8.0%	2.2%	0.6%
Skew 10d	3.4%	0.4%	12.6%	2.7%	2.1%
Call IV 25d	14.0%	12.2%	16.9%	16.8%	15.1%
Put IV 25d	16.8%	14.2%	21.1%	19.0%	15.7%
Bid-Ask Spread %	103.90	92.18	118.97	109.20	113.36
Gamma HHI	0.15	0.08	0.28	0.08	0.27
Net GEX	64.3K	39.9K	105.1K	45.5K	69.5K
Net DEX	-791.4K	-1.1M	-451.1K	-451.1K	-1.1M
Net VEX	-4.3K	-6.1K	-3.0K	-3.3K	-6.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.19	0.00	1.00	0.00	0.00
Total Volume	10.45	0	82	2	1
Total OI	329.6	253	424	361	266

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-06-02	$119.54	$120.00	14.4%	4.1%	23.3%	5.3%	13.5%	2.2%	7.1%	45.5K	-451.1K	-3.3K	0.00	109.20	N/A	N/A	0	2	337	24
2025-06-03	$121.76	$120.00	18.4%	5.3%	23.5%	11.9%	0.0%	5.3%	6.8%	58.8K	-596.8K	-3.7K	0.00	108.17	N/A	N/A	0	0	337	25
2025-06-04	$122.25	$120.00	20.3%	5.8%	22.3%	15.0%	11.6%	6.6%	0.4%	64.3K	-648.2K	-3.7K	0.00	107.23	N/A	N/A	4	0	337	25
2025-06-05	$122.31	$130.00	18.2%	6.5%	22.3%	11.6%	0.0%	2.8%	1.9%	68.0K	-650.2K	-3.8K	0.00	111.03	N/A	N/A	0	1	337	25
2025-06-06	$125.07	$130.00	18.3%	6.1%	21.3%	11.8%	0.0%	8.0%	2.3%	86.3K	-843.6K	-4.0K	0.00	101.20	N/A	N/A	0	0	337	25
2025-06-09	$125.97	$130.00	18.9%	6.1%	20.9%	12.8%	0.0%	-0.7%	1.4%	93.4K	-896.5K	-3.8K	0.00	92.18	N/A	N/A	3	0	337	26
2025-06-10	$126.59	$130.00	17.0%	6.2%	17.8%	9.5%	0.0%	3.8%	0.9%	105.1K	-987.2K	-4.1K	0.00	96.41	N/A	N/A	77	0	340	26
2025-06-11	$126.59	$130.00	20.9%	6.0%	17.6%	16.0%	0.0%	2.4%	1.9%	85.4K	-893.5K	-3.4K	0.00	100.47	N/A	N/A	5	0	320	26
2025-06-12	$125.66	$130.00	20.2%	5.8%	17.5%	14.8%	21.6%	3.6%	2.0%	89.0K	-901.0K	-3.8K	0.33	97.18	N/A	N/A	12	4	316	26
2025-06-13	$122.96	$124.00	22.2%	6.4%	19.5%	18.1%	0.0%	0.5%	1.1%	43.8K	-560.6K	-3.2K	1.00	100.59	N/A	N/A	1	1	315	30
2025-06-16	$124.21	$124.00	21.7%	6.2%	19.2%	17.4%	0.0%	1.7%	2.2%	43.4K	-637.9K	-3.2K	0.00	98.03	N/A	N/A	0	0	314	31
2025-06-17	$122.78	$124.00	23.5%	6.7%	19.7%	20.3%	0.0%	1.3%	0.4%	39.9K	-571.9K	-3.1K	0.00	100.41	N/A	N/A	1	0	314	31
2025-06-18	$123.41	$124.00	21.6%	6.2%	19.7%	17.1%	0.0%	6.6%	2.9%	39.9K	-596.0K	-3.0K	0.08	95.08	N/A	N/A	76	6	314	31
2025-06-20	$123.16	$124.00	23.9%	6.8%	17.4%	20.9%	0.0%	3.0%	0.7%	60.5K	-859.6K	-5.3K	0.00	98.82	N/A	N/A	0	1	390	34
2025-06-23	$123.75	$124.00	21.6%	6.2%	17.3%	17.2%	16.7%	3.2%	1.5%	49.3K	-753.6K	-5.2K	0.00	102.15	N/A	N/A	3	0	238	15
2025-06-24	$126.56	$124.00	19.8%	5.7%	18.5%	14.3%	0.0%	2.4%	1.1%	57.7K	-958.0K	-5.8K	0.20	108.17	N/A	N/A	5	1	242	15
2025-06-25	$125.67	$124.00	16.4%	4.7%	17.6%	8.6%	0.0%	1.8%	-1.7%	58.4K	-907.3K	-5.6K	0.00	103.23	N/A	N/A	0	0	247	15
2025-06-26	$127.38	$124.00	13.3%	3.8%	17.7%	3.5%	0.0%	1.0%	5.6%	66.4K	-1.0M	-5.8K	0.00	118.97	N/A	N/A	0	0	247	15
2025-06-27	$126.97	$124.00	17.4%	5.0%	17.9%	10.2%	11.7%	-0.4%	-0.7%	61.6K	-1.0M	-6.1K	0.67	116.15	N/A	N/A	3	2	247	15
2025-06-30	$127.93	$124.00	18.9%	5.4%	17.5%	12.8%	0.0%	0.6%	-5.9%	69.5K	-1.1M	-6.1K	0.00	113.36	N/A	N/A	1	0	249	17