IWC Options History — July 2025

In July 2025, IWC traded between $128.91 and $137.32. ATM implied volatility averaged 20.5%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 2.2% (HV 20d: 18.3%). Max pain ranged from $124.00 to $132.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.26.

Notable Days

  • 2025-07-28: Highest Volume — 28 contracts
  • 2025-07-02: Largest IV spike — 61.1% change
  • 2025-07-14: Highest IV Rank — 22.5%
  • 2025-07-14: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$133.09$128.91$137.32$128.91$130.19
Max Pain$129.05$124.00$132.00$124.00$132.00
ATM IV20.5%13.9%24.9%13.9%20.9%
Expected Move6.0%4.0%7.1%4.0%6.0%
HV 20d18.3%17.5%20.0%17.5%19.0%
HV 60d22.5%19.5%32.7%32.7%20.1%
IV Rank15.4%4.6%22.5%4.6%16.1%
IV Percentile38.6%4.0%72.2%4.0%40.5%
Term Structure0.6%-3.2%8.9%8.9%-3.2%
VWIV20.4%13.4%24.8%22.1%24.8%
Skew 25d2.3%-1.2%10.7%0.1%1.5%
Skew 10d3.4%-3.3%14.0%2.9%2.9%
Call IV 25d14.1%12.1%17.0%15.3%15.1%
Put IV 25d16.4%13.5%24.3%15.4%16.6%
Bid-Ask Spread %100.3984.10110.36108.51108.62
Gamma HHI0.250.220.280.260.25
Net GEX84.6K67.7K93.0K67.7K81.4K
Net DEX-1.6M-1.8M-1.1M-1.1M-1.5M
Net VEX-7.0K-7.6K-6.1K-6.1K-7.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.002.000.000.00
Total Volume6028143
Total OI311.318267361267361

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$128.91$124.0013.9%4.0%17.5%4.6%22.1%0.1%8.9%67.7K-1.1M-6.1K0.00108.51N/AN/A14025017
2025-07-02$131.19$124.0022.4%6.4%17.5%18.5%20.0%2.6%0.8%75.0K-1.4M-7.0K0.00108.58N/AN/A18026417
2025-07-03$133.19$127.0018.1%6.3%17.9%11.5%22.0%4.6%-0.6%84.0K-1.7M-7.2K0.1794.43N/AN/A6128017
2025-07-07$131.25$128.0021.7%6.6%19.1%17.4%22.7%0.4%-0.3%85.0K-1.6M-7.2K1.0088.44N/AN/A1128619
2025-07-08$132.69$128.0016.1%6.3%18.0%8.1%0.0%1.8%0.4%87.0K-1.6M-7.1K0.0093.79N/AN/A1028720
2025-07-09$133.77$128.0020.3%5.8%18.1%15.0%0.0%6.2%1.4%91.3K-1.7M-7.1K0.0098.23N/AN/A1028820
2025-07-10$134.54$128.0021.2%6.1%18.1%16.5%0.0%1.6%0.4%92.1K-1.8M-7.1K0.0099.42N/AN/A0028820
2025-07-11$132.25$128.0020.7%5.9%19.4%15.8%21.8%-1.2%3.0%85.7K-1.5M-6.8K0.0097.78N/AN/A6027720
2025-07-14$133.39$128.0024.9%7.1%19.2%22.5%22.5%-0.3%-0.8%87.2K-1.5M-7.0K0.0095.27N/AN/A2028020
2025-07-15$131.32$128.0023.2%6.7%18.3%19.8%0.0%0.1%0.2%86.4K-1.4M-6.7K0.0099.66N/AN/A9028220
2025-07-16$132.22$128.0023.0%6.6%18.1%19.5%0.0%4.5%-0.0%88.9K-1.5M-7.2K0.0095.37N/AN/A1029120
2025-07-17$134.25$128.0021.3%6.1%17.8%16.6%0.0%4.5%0.3%90.4K-1.7M-7.0K0.00101.16N/AN/A0029120
2025-07-18$133.79$128.0023.2%6.6%18.0%19.8%17.0%0.8%-0.6%89.4K-1.6M-7.0K1.00100.71N/AN/A2229120
2025-07-21$133.44$130.0021.4%6.1%18.0%16.9%17.8%1.4%3.5%73.8K-1.5M-6.7K0.3399.30N/AN/A6227918
2025-07-22$135.03$131.0024.1%6.9%18.2%21.3%0.0%4.3%-1.3%82.5K-1.6M-7.0K0.00101.43N/AN/A2028520
2025-07-23$137.32$131.0016.5%4.7%17.6%8.7%13.4%0.8%4.0%85.3K-1.8M-7.0K2.00106.33N/AN/A2428521
2025-07-24$135.66$132.0017.4%5.0%18.1%10.2%0.0%0.2%-1.9%83.3K-1.7M-7.3K0.00105.16N/AN/A11028925
2025-07-25$135.29$132.0021.4%6.1%17.8%16.8%0.0%3.3%0.4%87.9K-1.7M-7.2K0.00103.64N/AN/A0030025
2025-07-28$135.06$132.0022.3%6.4%17.8%18.2%0.0%10.7%-1.2%93.0K-1.6M-7.0K0.1284.10N/AN/A25330025
2025-07-29$132.62$132.0018.0%5.1%19.2%11.2%24.8%0.9%0.9%82.5K-1.7M-7.6K0.25108.38N/AN/A4132528
2025-07-30$130.60$132.0018.9%5.4%20.0%12.7%0.0%1.2%-0.3%81.2K-1.5M-7.5K0.00110.36N/AN/A4033028
2025-07-31$130.19$132.0020.9%6.0%19.0%16.1%0.0%1.5%-3.2%81.4K-1.5M-7.3K0.00108.62N/AN/A3033328