IWC Options History — February 2026

In February 2026, IWC traded between $162.01 and $171.00. ATM implied volatility averaged 27.5%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 1.8% (HV 20d: 25.7%). Max pain ranged from $138.00 to $170.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.35.

Notable Days

2026-02-18: Highest Volume — 133 contracts
2026-02-03: Largest IV spike — 16.7% change
2026-02-05: Highest IV Rank — 28.4%
2026-02-05: Largest Expected Move — 9.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$167.68	$162.01	$171.00	$169.44	$167.60
Max Pain	$144.58	$138.00	$170.00	$170.00	$142.00
ATM IV	27.5%	23.2%	29.9%	23.2%	27.2%
Expected Move	7.9%	6.7%	9.1%	6.7%	7.8%
HV 20d	25.7%	17.9%	28.2%	19.2%	27.8%
HV 60d	22.1%	21.0%	23.3%	21.7%	21.4%
IV Rank	25.0%	19.0%	28.4%	19.0%	23.9%
IV Percentile	82.9%	63.1%	92.1%	63.1%	78.2%
Term Structure	-1.2%	-5.6%	1.4%	1.4%	1.3%
VWIV	26.3%	14.6%	33.2%	24.8%	28.3%
Skew 25d	5.3%	-4.7%	16.0%	7.8%	-0.8%
Skew 10d	6.6%	-0.9%	20.8%	7.9%	0.6%
Call IV 25d	23.3%	16.0%	27.1%	22.4%	26.5%
Put IV 25d	28.6%	20.0%	34.8%	30.2%	25.8%
Bid-Ask Spread %	102.42	99.57	107.97	107.97	103.83
Gamma HHI	0.80	0.72	0.90	0.78	0.89
Net GEX	977.4K	726.8K	1.3M	918.8K	1.1M
Net DEX	-7.7M	-10.5M	-5.2M	-8.8M	-7.1M
Net VEX	-27.0K	-32.4K	-19.8K	-31.8K	-23.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.35	0.00	1.50	0.43	0.33
Total Volume	28.368	3	133	10	12
Total OI	1,467.474	1,371	1,567	1,371	1,497

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
2026-02-02	$169.44	$170.00	23.2%	6.7%	19.2%	19.0%	0.0%	7.8%	1.4%	918.8K	-8.8M	-31.8K	0.43	107.97	N/A	N/A	7	3	1,301	70
2026-02-03	$170.31	$170.00	27.1%	7.8%	17.9%	25.4%	24.8%	3.4%	-1.6%	868.4K	-9.2M	-31.4K	0.00	105.01	N/A	N/A	38	0	1,306	73
2026-02-04	$167.33	$170.00	28.2%	8.1%	19.3%	27.3%	0.0%	-2.5%	-1.2%	786.0K	-7.6M	-30.1K	0.03	105.19	N/A	N/A	30	1	1,328	73
2026-02-05	$162.01	$138.00	28.9%	9.1%	22.3%	28.4%	28.2%	-0.0%	-5.6%	726.8K	-5.9M	-27.4K	0.18	102.06	N/A	N/A	11	2	1,358	74
2026-02-06	$168.97	$138.00	25.8%	7.6%	27.0%	23.2%	28.0%	16.0%	-1.6%	885.1K	-8.1M	-30.0K	0.03	99.57	N/A	N/A	71	2	1,357	76
2026-02-09	$171.00	$138.00	27.2%	7.7%	27.2%	25.5%	27.2%	9.8%	-1.3%	1.0M	-10.2M	-32.4K	0.00	99.68	N/A	N/A	5	0	1,407	78
2026-02-10	$170.63	$138.00	27.9%	7.6%	27.1%	26.0%	23.1%	7.6%	-0.5%	1.1M	-10.5M	-31.9K	0.75	102.11	N/A	N/A	4	3	1,411	78
2026-02-11	$168.31	$138.00	25.7%	7.4%	27.6%	21.2%	25.4%	2.4%	0.3%	937.0K	-8.4M	-30.1K	0.01	101.02	N/A	N/A	108	1	1,414	81
2026-02-12	$164.68	$138.00	27.9%	8.0%	28.1%	25.0%	26.4%	-4.7%	0.2%	833.5K	-6.0M	-25.5K	0.67	100.72	N/A	N/A	6	4	1,382	82
2026-02-13	$165.97	$140.00	28.3%	8.1%	28.2%	25.7%	0.0%	8.3%	-1.6%	907.6K	-6.6M	-25.3K	0.00	102.76	N/A	N/A	0	3	1,368	86
2026-02-17	$166.74	$140.00	29.4%	8.4%	28.2%	27.6%	32.8%	8.5%	-3.3%	878.4K	-6.6M	-24.3K	0.06	101.40	N/A	N/A	16	1	1,368	89
2026-02-18	$166.26	$140.00	28.7%	8.2%	28.1%	26.3%	23.5%	11.9%	-1.3%	1.0M	-6.6M	-24.3K	0.02	101.36	N/A	N/A	131	2	1,360	88
2026-02-19	$167.13	$140.00	28.5%	8.2%	27.7%	26.1%	14.6%	8.1%	-1.3%	1.0M	-6.6M	-24.4K	0.00	102.68	N/A	N/A	10	0	1,482	85
2026-02-20	$167.30	$140.00	28.8%	8.3%	26.5%	26.6%	26.2%	9.5%	-2.0%	1.1M	-7.6M	-25.7K	0.19	102.37	N/A	N/A	21	4	1,481	79
2026-02-23	$164.83	$141.00	29.9%	8.6%	26.2%	28.4%	26.8%	-0.7%	-2.7%	858.5K	-5.2M	-19.8K	0.93	101.23	N/A	N/A	15	14	1,403	64
2026-02-24	$166.42	$142.00	28.1%	8.0%	26.3%	25.2%	26.1%	10.5%	-1.0%	955.3K	-7.5M	-24.6K	0.25	102.14	N/A	N/A	4	1	1,412	78
2026-02-25	$170.25	$142.00	24.7%	7.1%	27.2%	19.6%	0.0%	3.2%	-0.7%	1.3M	-9.0M	-25.7K	1.50	102.43	N/A	N/A	2	3	1,416	79
2026-02-26	$170.76	$142.00	27.4%	7.9%	27.0%	24.2%	33.2%	1.9%	-1.0%	1.3M	-8.8M	-25.1K	1.00	102.43	N/A	N/A	2	2	1,418	80
2026-02-27	$167.60	$142.00	27.2%	7.8%	27.8%	23.9%	28.3%	-0.8%	1.3%	1.1M	-7.1M	-23.1K	0.33	103.83	N/A	N/A	9	3	1,418	79