IWC Options History — November 2025

In November 2025, IWC traded between $144.06 and $157.33. ATM implied volatility averaged 26.7%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded below realized volatility by 0.4% (HV 20d: 27.2%). Max pain ranged from $125.00 to $155.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.30.

Notable Days

2025-11-18: Highest Volume — 112 contracts
2025-11-07: Largest IV spike — 16.8% change
2025-11-19: Highest IV Rank — 32.0%
2025-11-19: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$150.58	$144.06	$157.33	$154.66	$157.33
Max Pain	$129.74	$125.00	$155.00	$155.00	$125.00
ATM IV	26.7%	22.8%	30.6%	26.8%	22.8%
Expected Move	7.5%	6.5%	8.8%	7.7%	6.5%
HV 20d	27.2%	24.7%	30.0%	27.0%	28.5%
HV 60d	22.8%	21.6%	24.1%	21.7%	24.1%
IV Rank	25.6%	19.1%	32.0%	25.6%	19.1%
IV Percentile	83.6%	61.5%	94.8%	85.3%	61.5%
Term Structure	-1.5%	-4.6%	0.3%	-0.6%	-0.2%
VWIV	27.2%	22.0%	36.4%	25.8%	22.4%
Skew 25d	7.3%	0.7%	15.4%	5.4%	3.6%
Skew 10d	11.7%	0.3%	25.1%	1.9%	19.7%
Call IV 25d	22.1%	16.2%	26.9%	25.0%	22.4%
Put IV 25d	29.3%	20.6%	36.7%	30.4%	26.0%
Bid-Ask Spread %	104.92	101.12	114.15	109.53	107.24
Gamma HHI	0.25	0.19	0.30	0.25	0.23
Net GEX	136.6K	85.5K	173.9K	162.4K	103.9K
Net DEX	-3.4M	-4.5M	-2.3M	-4.5M	-4.0M
Net VEX	-7.4K	-9.4K	-4.7K	-8.5K	-4.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.30	0.00	1.00	0.00	0.60
Total Volume	10	0	112	5	8
Total OI	540.579	432	588	579	446

Daily Data (19 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
2025-11-03	$154.66	$155.00	26.8%	7.7%	27.0%	25.6%	25.8%	5.4%	-0.6%	162.4K	-4.5M	-8.5K	0.00	109.53	N/A	N/A	5	0	451	128
2025-11-04	$151.38	$155.00	28.0%	8.0%	27.9%	27.7%	28.7%	1.3%	-0.9%	157.7K	-3.8M	-9.4K	0.40	112.69	N/A	N/A	5	2	453	128
2025-11-05	$153.36	$155.00	24.5%	7.0%	28.2%	22.0%	27.9%	3.9%	-1.1%	161.2K	-4.1M	-8.9K	0.00	114.15	N/A	N/A	7	0	457	130
2025-11-06	$148.89	$125.00	24.8%	7.0%	30.0%	22.4%	27.9%	0.7%	-0.0%	165.8K	-3.6M	-9.0K	0.00	103.18	N/A	N/A	4	0	458	130
2025-11-07	$148.40	$125.00	29.0%	7.3%	28.5%	29.3%	33.5%	10.8%	0.3%	147.9K	-3.1M	-9.2K	0.00	101.64	N/A	N/A	0	4	453	130
2025-11-10	$152.12	$125.00	28.4%	7.5%	28.8%	28.4%	0.0%	3.6%	-2.2%	163.1K	-4.0M	-8.5K	0.00	103.97	N/A	N/A	0	0	453	129
2025-11-11	$151.95	$125.00	28.0%	7.0%	27.5%	27.7%	0.0%	6.3%	-0.5%	168.6K	-3.8M	-8.3K	0.00	104.18	N/A	N/A	0	0	453	129
2025-11-12	$152.49	$125.00	25.4%	7.3%	26.7%	23.4%	0.0%	4.4%	-0.2%	173.9K	-4.0M	-7.8K	0.00	104.36	N/A	N/A	0	1	453	129
2025-11-13	$147.69	$125.00	24.5%	7.0%	26.8%	22.0%	0.0%	1.5%	-0.9%	161.5K	-3.3M	-8.2K	0.00	104.21	N/A	N/A	0	1	453	130
2025-11-14	$148.53	$125.00	26.0%	7.5%	26.7%	24.5%	26.1%	13.7%	-1.3%	147.0K	-3.1M	-8.3K	0.00	101.29	N/A	N/A	0	2	453	131
2025-11-17	$145.62	$125.00	27.9%	8.0%	25.2%	27.5%	22.0%	4.0%	-3.7%	151.0K	-2.8M	-7.7K	1.00	103.59	N/A	N/A	1	1	453	131
2025-11-18	$146.65	$125.00	27.8%	8.0%	25.4%	27.4%	30.0%	12.7%	-1.1%	140.7K	-2.9M	-7.7K	0.08	103.72	N/A	N/A	104	8	453	126
2025-11-19	$146.95	$125.00	30.6%	8.8%	24.7%	32.0%	0.0%	15.4%	-4.6%	88.4K	-2.5M	-6.3K	0.00	104.42	N/A	N/A	12	0	376	128
2025-11-20	$144.06	$125.00	29.5%	8.5%	24.7%	30.1%	0.0%	10.1%	-2.4%	85.5K	-2.3M	-6.4K	0.00	103.77	N/A	N/A	0	2	377	128
2025-11-21	$148.11	$125.00	28.5%	8.2%	25.8%	28.5%	36.4%	13.9%	-3.6%	92.9K	-2.7M	-6.1K	0.00	101.12	N/A	N/A	0	1	377	122
2025-11-24	$151.27	$125.00	27.6%	7.9%	27.2%	27.1%	22.6%	15.1%	-3.7%	124.4K	-3.2M	-5.3K	0.23	103.79	N/A	N/A	13	3	329	103
2025-11-25	$154.56	$125.00	24.6%	7.0%	28.5%	22.1%	0.0%	3.7%	-0.2%	95.9K	-3.7M	-5.0K	0.50	103.44	N/A	N/A	2	1	340	106
2025-11-26	$156.91	$125.00	23.5%	6.7%	28.4%	20.3%	22.6%	7.9%	-1.7%	103.2K	-4.0M	-4.7K	0.50	103.15	N/A	N/A	2	1	338	107
2025-11-28	$157.33	$125.00	22.8%	6.5%	28.5%	19.1%	22.4%	3.6%	-0.2%	103.9K	-4.0M	-4.7K	0.60	107.24	N/A	N/A	5	3	338	108