PWB Options History — April 2007

In April 2007, PWB traded between $16.83 and $17.63. ATM implied volatility averaged 24.3%. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 14.3% (HV 20d: 9.9%). Max pain ranged from $17.00 to $17.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-04-03: Highest Volume — 11 contracts
  • 2007-04-18: Largest IV spike — 716.0% change
  • 2007-04-18: Largest Expected Move — 36.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.31$16.83$17.63$16.83$17.48
Max Pain$17.00$17.00$17.00$17.00$17.00
ATM IV24.3%12.9%127.9%16.9%20.5%
Expected Move6.7%3.1%36.7%4.8%5.9%
HV 20d9.9%7.7%13.1%13.1%8.5%
HV 60d13.6%13.4%13.8%13.6%13.5%
Term Structure0.0%-33.9%77.4%-6.0%-5.9%
VWIV13.1%13.1%13.1%13.1%13.1%
Skew 25d5.3%-0.1%48.2%-0.1%1.2%
Skew 10d9.8%-0.2%60.0%1.3%6.7%
Call IV 25d29.6%15.5%130.8%23.8%20.7%
Put IV 25d34.8%17.1%179.0%23.7%21.9%
Bid-Ask Spread %133.52118.35196.13130.87131.13
Gamma HHI0.580.370.980.960.53
Net GEX3.5K2.0K4.3K3.4K4.0K
Net DEX-181.4K-206.3K-133.5K-153.9K-197.4K
Net VEX-90-266-33-100-58
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.0501100
Total OI114.9100121100121

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-04-02$16.83$0.0016.9%4.8%13.1%0.0%0.0%-0.1%-6.0%3.4K-153.9K-1000.00130.87N/AN/A001000
2007-04-03$17.00$0.0016.6%4.7%11.9%0.0%0.0%0.7%-5.9%2.8K-159.6K-790.00134.70N/AN/A1101000
2007-04-04$17.02$0.0017.0%4.9%11.9%0.0%0.0%0.7%-7.0%4.3K-170.0K-1060.00134.70N/AN/A001110
2007-04-05$17.12$0.0017.4%5.0%11.7%0.0%0.0%0.6%-6.7%3.9K-174.2K-880.00134.86N/AN/A001110
2007-04-09$17.09$17.0020.2%3.1%11.7%0.0%0.0%0.7%4.2%3.9K-173.8K-900.00124.19N/AN/A001110
2007-04-10$17.17$17.0020.9%3.1%11.8%0.0%0.0%0.8%5.5%4.0K-174.5K-880.00124.19N/AN/A001110
2007-04-11$17.08$17.0064.1%18.4%10.1%0.0%0.0%33.6%77.4%2.0K-133.5K-2620.00196.13N/AN/A001110
2007-04-12$17.22$17.0012.9%3.7%10.2%0.0%0.0%2.2%5.5%3.8K-174.3K-940.00128.12N/AN/A001110
2007-04-13$17.21$17.0013.1%3.8%10.1%0.0%0.0%2.1%5.4%3.8K-173.5K-950.00136.73N/AN/A001110
2007-04-16$17.40$17.0015.1%4.3%10.3%0.0%13.1%1.3%-1.4%2.9K-183.3K-570.00123.61N/AN/A1001110
2007-04-17$17.48$17.0015.7%4.5%9.8%0.0%0.0%1.3%-1.5%3.7K-198.9K-620.00121.35N/AN/A001210
2007-04-18$17.43$17.00127.9%36.7%9.9%0.0%0.0%48.2%-33.9%2.1K-150.9K-2660.00194.29N/AN/A001210
2007-04-19$17.38$17.0017.3%4.9%8.1%0.0%0.0%1.9%-3.6%4.3K-193.7K-800.00126.50N/AN/A001210
2007-04-20$17.53$17.0015.0%4.3%8.5%0.0%0.0%0.5%-5.4%3.6K-200.9K-580.00122.98N/AN/A001210
2007-04-23$17.50$17.0018.1%5.2%8.5%0.0%0.0%0.5%-4.2%3.9K-197.7K-690.00129.93N/AN/A001210
2007-04-24$17.48$17.0014.8%4.3%8.5%0.0%0.0%0.6%-1.6%3.7K-201.2K-460.00118.61N/AN/A001210
2007-04-25$17.60$17.0013.8%3.9%8.2%0.0%0.0%2.4%-5.5%3.1K-205.0K-380.00120.09N/AN/A001210
2007-04-26$17.63$17.0014.1%4.1%7.8%0.0%0.0%3.0%-5.6%3.0K-205.7K-380.00119.08N/AN/A001210
2007-04-27$17.63$17.0013.7%3.9%7.7%0.0%0.0%2.7%-3.8%2.9K-206.3K-330.00118.35N/AN/A001210
2007-04-30$17.48$17.0020.5%5.9%8.5%0.0%0.0%1.2%-5.9%4.0K-197.4K-580.00131.13N/AN/A001210