IWC Options History — September 2025

In September 2025, IWC traded between $141.21 and $151.50. ATM implied volatility averaged 21.8%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 3.2% (HV 20d: 18.5%). Max pain ranged from $131.00 to $145.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2025-09-19: Highest Volume — 170 contracts
  • 2025-09-05: Largest IV drop — 38.7% change
  • 2025-09-04: Highest IV Rank — 24.0%
  • 2025-09-17: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$146.63$141.21$151.50$141.82$148.81
Max Pain$139.38$131.00$145.00$131.00$145.00
ATM IV21.8%15.8%25.7%24.1%22.1%
Expected Move6.3%5.6%7.3%6.9%6.3%
HV 20d18.5%14.5%21.7%21.6%16.2%
HV 60d19.9%19.5%20.5%20.5%19.6%
IV Rank17.4%7.6%24.0%21.4%18.1%
IV Percentile52.6%6.3%81.0%73.0%57.5%
Term Structure0.4%-3.6%4.8%-1.0%-0.4%
VWIV21.1%15.2%24.2%15.8%23.5%
Skew 25d1.8%-8.8%11.4%7.0%1.3%
Skew 10d1.2%-6.9%9.0%3.4%1.1%
Call IV 25d15.1%10.8%21.4%12.4%13.0%
Put IV 25d16.9%12.4%24.8%19.4%14.3%
Bid-Ask Spread %92.7577.85109.34102.69109.34
Gamma HHI0.290.190.460.200.33
Net GEX129.9K112.0K164.3K112.8K148.0K
Net DEX-3.3M-4.0M-2.6M-2.7M-3.7M
Net VEX-7.6K-10.5K-5.8K-7.3K-10.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.001.641.000.80
Total Volume23.048017001
Total OI420.905384491401491

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$141.82$131.0024.1%6.9%21.6%21.4%0.0%7.0%-1.0%112.8K-2.7M-7.3K0.00102.69N/AN/A0035942
2025-09-03$141.21$131.0020.4%5.9%21.7%15.3%15.8%3.2%0.9%113.1K-2.6M-7.1K1.0091.03N/AN/A1135942
2025-09-04$142.26$136.0025.7%6.1%21.5%24.0%0.0%3.9%2.3%114.3K-2.8M-7.0K0.0086.43N/AN/A3035943
2025-09-05$143.64$136.0015.8%6.0%21.2%7.6%0.0%10.4%0.8%115.3K-3.0M-6.4K0.0077.85N/AN/A0036043
2025-09-08$143.70$136.0017.6%5.9%21.2%10.7%0.0%1.0%1.2%117.2K-3.0M-6.7K1.0078.37N/AN/A2236043
2025-09-09$143.68$136.0017.6%5.6%21.2%10.6%0.0%-4.8%2.3%112.0K-2.9M-7.1K0.5082.36N/AN/A2136044
2025-09-10$143.61$136.0021.6%6.2%18.7%17.2%0.0%4.8%0.2%112.1K-3.0M-6.5K0.3383.43N/AN/A3136145
2025-09-11$146.88$136.0021.4%6.1%19.1%16.8%15.2%11.4%1.2%123.7K-3.3M-6.2K0.0084.91N/AN/A0236144
2025-09-12$145.91$136.0020.9%6.0%19.0%16.1%0.0%-3.2%0.7%125.9K-3.2M-6.4K0.0088.46N/AN/A0036145
2025-09-15$146.31$136.0021.8%6.3%18.8%17.6%22.6%0.2%0.1%119.6K-3.3M-6.2K0.0988.73N/AN/A11136145
2025-09-16$146.06$136.0023.5%6.7%18.8%20.4%0.0%-3.6%-1.4%114.0K-2.8M-6.3K0.0093.86N/AN/A4033846
2025-09-17$146.69$136.0025.6%7.3%17.8%23.7%21.6%0.6%-2.7%118.6K-2.9M-6.1K0.1293.14N/AN/A33434146
2025-09-18$150.58$145.0022.6%6.5%19.3%18.8%0.0%3.0%-3.6%164.3K-3.4M-5.8K0.06100.51N/AN/A18134249
2025-09-19$149.52$145.0021.2%6.1%19.8%16.6%21.7%1.9%4.8%159.1K-3.4M-5.8K0.0687.07N/AN/A1601034550
2025-09-22$151.50$145.0022.0%6.3%14.9%17.8%24.2%-8.8%0.4%138.9K-4.0M-8.0K0.8590.76N/AN/A332837526
2025-09-23$151.04$145.0023.8%6.8%14.5%20.9%21.6%-3.5%-1.7%139.3K-4.0M-8.7K0.3196.97N/AN/A361138947
2025-09-24$149.89$145.0022.3%6.4%15.0%18.4%23.6%8.2%0.8%147.7K-4.0M-9.9K1.6498.01N/AN/A365941453
2025-09-25$147.57$145.0023.0%6.6%16.2%19.5%23.5%2.5%0.5%137.3K-3.5M-10.5K1.00104.25N/AN/A5541564
2025-09-26$149.20$145.0021.3%6.1%16.6%16.6%0.0%1.9%0.7%144.4K-3.7M-10.5K0.00106.95N/AN/A0141966
2025-09-29$149.26$145.0022.2%6.4%16.2%18.2%0.0%1.2%2.4%149.9K-3.8M-10.0K0.80102.71N/AN/A5441967
2025-09-30$148.81$145.0022.1%6.3%16.2%18.1%0.0%1.3%-0.4%148.0K-3.7M-10.3K0.00109.34N/AN/A0142467