IWC Options History — December 2025

In December 2025, IWC traded between $154.75 and $166.78. ATM implied volatility averaged 21.3%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 2.1% (HV 20d: 23.4%). Max pain ranged from $125.00 to $153.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.73.

Notable Days

  • 2025-12-18: Highest Volume — 27 contracts
  • 2025-12-31: Largest IV spike — 26.0% change
  • 2025-12-05: Highest IV Rank — 23.4%
  • 2025-12-03: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$160.90$154.75$166.78$154.75$158.06
Max Pain$148.36$125.00$153.00$125.00$153.00
ATM IV21.3%18.9%25.4%21.3%23.8%
Expected Move6.1%5.4%7.1%6.1%6.8%
HV 20d23.4%18.0%29.0%29.0%18.1%
HV 60d24.6%24.3%24.8%24.3%24.6%
IV Rank16.6%12.7%23.4%16.7%20.7%
IV Percentile43.5%21.4%79.0%44.4%69.4%
Term Structure0.6%-5.1%3.5%3.2%-1.8%
VWIV25.6%17.7%60.6%60.6%20.9%
Skew 25d4.9%-1.8%10.8%7.2%1.0%
Skew 10d5.4%-0.0%13.4%8.5%4.2%
Call IV 25d19.8%15.2%25.0%20.4%18.8%
Put IV 25d24.6%19.8%30.8%27.7%19.8%
Bid-Ask Spread %109.6197.66120.56108.04119.44
Gamma HHI0.210.100.380.220.11
Net GEX83.9K53.8K113.2K108.3K74.2K
Net DEX-2.9M-5.0M-1.2M-3.8M-1.2M
Net VEX-3.8K-4.7K-3.2K-4.7K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.005.000.000.00
Total Volume7.40902722
Total OI342.591165475450204

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$154.75$125.0021.3%6.1%29.0%16.7%60.6%7.2%3.2%108.3K-3.8M-4.7K0.00108.04N/AN/A20339111
2025-12-02$155.05$125.0024.4%7.0%28.7%21.7%20.0%7.1%-2.5%113.2K-3.8M-4.7K0.00106.33N/AN/A10340111
2025-12-03$158.21$125.0024.8%7.1%28.4%22.4%24.5%2.8%-5.1%112.0K-4.1M-4.3K0.00106.06N/AN/A40340111
2025-12-04$160.72$144.0022.5%6.3%28.5%18.7%26.5%6.7%1.1%107.7K-4.4M-4.1K5.0098.89N/AN/A210341111
2025-12-05$160.70$150.0025.4%6.2%26.0%23.4%27.5%2.5%1.8%96.9K-4.4M-4.1K0.00106.57N/AN/A100342115
2025-12-08$162.68$150.0021.6%6.3%26.0%17.1%0.0%5.0%-0.1%94.0K-4.7M-3.6K0.00110.27N/AN/A00342115
2025-12-09$163.10$150.0020.4%6.3%24.9%15.2%26.1%8.4%0.2%91.0K-4.7M-3.7K0.50103.60N/AN/A21342115
2025-12-10$165.89$153.0020.7%5.9%25.3%15.7%26.9%8.8%1.4%87.5K-4.9M-3.4K2.5097.66N/AN/A25339116
2025-12-11$166.78$153.0020.7%5.9%25.3%15.8%0.0%10.8%2.4%67.1K-5.0M-3.2K0.00103.86N/AN/A10341125
2025-12-12$164.00$153.0020.8%6.0%22.8%16.0%27.2%-0.7%1.9%66.4K-4.7M-3.5K0.00108.86N/AN/A90342125
2025-12-15$161.67$153.0020.2%5.8%23.8%14.9%0.0%-1.8%3.2%90.8K-4.5M-3.4K4.00116.78N/AN/A14350125
2025-12-16$161.03$153.0022.0%6.3%22.3%17.9%0.0%10.0%0.7%88.1K-1.7M-3.7K0.00103.96N/AN/A40178127
2025-12-17$158.31$153.0021.2%6.1%23.6%16.6%22.2%2.1%1.3%75.0K-1.4M-3.8K0.80107.02N/AN/A54179127
2025-12-18$160.32$153.0020.2%5.8%23.8%14.9%21.5%2.4%0.4%102.6K-1.6M-3.7K0.04112.07N/AN/A261184132
2025-12-19$161.22$153.0020.5%5.9%22.1%15.4%21.3%3.0%0.8%103.3K-1.7M-3.6K0.43108.07N/AN/A73183133
2025-12-22$163.17$153.0019.8%5.7%20.6%14.1%19.9%7.9%1.5%53.8K-1.4M-3.4K0.50112.05N/AN/A4213332
2025-12-23$162.10$153.0019.1%5.5%20.1%13.2%17.7%6.1%1.8%59.2K-1.3M-3.5K0.50113.65N/AN/A4213733
2025-12-24$162.25$153.0019.3%5.5%18.9%13.4%0.0%4.2%0.9%57.6K-1.3M-3.5K0.50114.77N/AN/A4213635
2025-12-26$160.81$153.0020.3%5.8%18.7%15.0%21.6%1.5%-0.1%59.6K-1.2M-3.7K0.50113.44N/AN/A6314037
2025-12-29$160.12$153.0020.2%5.8%18.8%14.9%0.0%7.2%-3.1%67.5K-1.3M-3.7K0.10119.49N/AN/A10114638
2025-12-30$158.78$153.0018.9%5.4%18.0%12.7%20.9%4.8%3.5%70.0K-1.2M-3.5K0.00120.56N/AN/A19014639
2025-12-31$158.06$153.0023.8%6.8%18.1%20.7%0.0%1.0%-1.8%74.2K-1.2M-3.8K0.00119.44N/AN/A2016539