IWC Options History — January 2026

In January 2026, IWC traded between $158.25 and $175.53. ATM implied volatility averaged 24.2%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 7.9% (HV 20d: 16.3%). Max pain ranged from $145.00 to $170.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.17.

Notable Days

  • 2026-01-09: Highest Volume — 1,010 contracts
  • 2026-01-08: Largest IV spike — 55.6% change
  • 2026-01-13: Highest IV Rank — 46.8%
  • 2026-01-20: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$168.25$158.25$175.53$158.25$166.89
Max Pain$156.95$145.00$170.00$153.00$170.00
ATM IV24.2%17.5%39.6%22.8%23.7%
Expected Move6.2%5.4%7.2%6.5%6.8%
HV 20d16.3%13.1%18.7%16.6%18.7%
HV 60d22.7%21.4%24.9%24.5%22.1%
IV Rank21.4%10.5%46.8%19.1%19.7%
IV Percentile60.2%15.1%97.2%63.9%66.3%
Term Structure0.7%-6.8%3.9%-6.8%1.6%
VWIV21.5%17.0%26.2%18.5%26.0%
Skew 25d3.9%-3.2%12.6%-1.8%-3.2%
Skew 10d3.6%-3.5%12.4%-1.0%6.9%
Call IV 25d17.6%12.5%22.4%19.7%21.7%
Put IV 25d21.5%15.9%28.3%18.0%18.5%
Bid-Ask Spread %101.2691.50120.15120.15102.58
Gamma HHI0.600.100.840.120.76
Net GEX589.2K75.0K913.3K83.0K761.8K
Net DEX-6.9M-12.3M-1.2M-1.2M-7.6M
Net VEX-23.5K-35.5K-3.4K-3.9K-29.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.000.670.330.04
Total Volume75.4501,010458
Total OI946.92051,3172071,316

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$158.25$153.0022.8%6.5%16.6%19.1%18.5%-1.8%-6.8%83.0K-1.2M-3.9K0.33120.15N/AN/A3116839
2026-01-05$161.83$145.0017.5%5.7%17.6%10.5%22.9%12.6%1.3%81.4K-1.4M-3.8K0.0091.50N/AN/A3016540
2026-01-06$162.63$145.0020.6%5.5%17.7%15.5%0.0%9.7%0.0%83.4K-1.5M-3.7K0.00102.74N/AN/A0016840
2026-01-07$164.32$145.0019.7%5.4%17.5%14.0%18.9%2.3%0.4%91.7K-1.6M-3.6K0.0497.19N/AN/A28116840
2026-01-08$165.41$145.0030.6%5.7%17.6%32.0%26.2%9.0%2.5%75.0K-1.6M-3.5K0.5093.73N/AN/A4216639
2026-01-09$165.86$150.0025.8%5.6%16.6%24.1%20.2%-1.9%1.2%75.2K-1.7M-3.4K0.00102.28N/AN/A1,009116641
2026-01-12$167.33$150.0035.2%6.0%16.8%39.5%21.1%7.8%3.9%722.2K-7.4M-29.7K0.6799.09N/AN/A321,16242
2026-01-13$167.25$150.0039.6%6.3%15.5%46.8%20.1%4.9%0.1%716.3K-8.0M-30.3K0.00105.86N/AN/A201,16444
2026-01-14$169.79$150.0021.9%6.3%15.2%17.7%0.0%11.2%3.0%815.8K-8.3M-30.6K0.0996.69N/AN/A1111,16644
2026-01-15$170.72$150.0023.1%6.6%15.0%19.6%19.9%-0.5%-2.2%811.5K-9.4M-31.6K0.10102.74N/AN/A4041,15845
2026-01-16$171.23$150.0020.0%5.7%13.1%14.5%20.8%3.7%3.2%785.0K-10.0M-32.2K0.2198.12N/AN/A56121,19049
2026-01-20$169.67$160.0025.2%7.2%13.4%23.1%24.1%9.7%-0.1%790.2K-9.0M-32.5K0.2196.20N/AN/A47101,21943
2026-01-21$171.99$160.0024.7%7.1%13.9%22.2%24.1%10.0%0.9%852.5K-10.0M-35.0K0.5097.95N/AN/A1051,25752
2026-01-22$175.53$166.0021.5%6.2%14.9%17.1%21.7%8.0%2.0%853.8K-12.3M-35.5K0.22103.37N/AN/A86191,26057
2026-01-23$172.26$170.0022.6%6.5%16.6%18.8%17.0%-2.7%-0.8%830.3K-10.5M-33.5K0.2099.99N/AN/A1021,19768
2026-01-26$170.50$170.0021.9%6.3%17.2%17.8%20.9%-2.4%1.7%826.8K-9.2M-32.6K0.04106.61N/AN/A2311,21470
2026-01-27$172.66$170.0021.8%6.3%17.0%17.5%0.0%1.8%1.0%778.9K-10.2M-32.7K0.00106.12N/AN/A1501,21071
2026-01-28$170.88$170.0021.4%6.1%17.5%16.0%21.5%-2.6%1.0%913.3K-9.1M-31.5K0.00104.31N/AN/A2601,21971
2026-01-29$169.94$170.0024.8%7.1%17.3%21.6%21.8%1.4%-0.2%835.5K-8.4M-31.2K0.0898.01N/AN/A1311,23971
2026-01-30$166.89$170.0023.7%6.8%18.7%19.7%26.0%-3.2%1.6%761.8K-7.6M-29.8K0.04102.58N/AN/A5621,24670