PWB Options History — June 2007

In June 2007, PWB traded between $17.55 and $18.20. ATM implied volatility averaged 45.0%. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 31.4% (HV 20d: 13.6%). Max pain ranged from $14.00 to $14.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-06-13: Highest Volume — 7 contracts
  • 2007-06-07: Largest IV spike — 518.6% change
  • 2007-06-20: Largest Expected Move — 35.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.91$17.55$18.20$18.18$17.81
Max Pain$14.00$14.00$14.00$14.00$14.00
ATM IV45.0%9.8%154.4%14.2%11.9%
Expected Move10.6%2.7%35.1%4.1%3.4%
HV 20d13.6%10.9%14.7%10.9%14.0%
HV 60d11.0%10.2%11.5%10.3%11.3%
Term Structure-10.6%-44.5%1.6%-2.4%-1.5%
Skew 25d3.0%-0.1%16.6%0.7%0.1%
Skew 10d4.2%-0.4%16.6%3.3%-0.4%
Call IV 25d46.5%12.8%139.4%21.0%18.2%
Put IV 25d49.6%12.9%155.7%21.6%18.4%
Bid-Ask Spread %148.71120.87200.00123.06127.76
Gamma HHI0.970.601.001.001.00
Net GEX53562.4K13639
Net DEX-95.0K-185.0K-6.5K-181.8K-7.1K
Net VEX-23-3500-34
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.4290700
Total OI55.52471051007

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-06-01$18.18$14.0014.2%4.1%10.9%0.0%0.0%0.7%-2.4%13-181.8K00.00123.06N/AN/A001000
2007-06-04$18.20$0.0016.9%2.8%10.9%0.0%0.0%0.1%0.8%12-182.0K00.00120.93N/AN/A201000
2007-06-05$18.12$0.0015.8%2.7%11.1%0.0%0.0%-0.1%1.1%6-177.6K00.00121.70N/AN/A00980
2007-06-06$17.96$0.0016.8%3.1%11.7%0.0%0.0%0.5%0.5%14-176.0K00.00120.87N/AN/A00980
2007-06-07$17.55$0.00103.9%29.8%14.4%0.0%0.0%7.5%-39.5%1.8K-165.6K-200.00200.00N/AN/A00980
2007-06-08$17.82$0.00104.3%29.9%13.8%0.0%0.0%12.8%-39.1%1.3K-170.8K-120.00200.00N/AN/A00980
2007-06-11$17.77$0.0024.7%2.8%13.5%0.0%0.0%0.6%0.8%39-174.1K00.00123.19N/AN/A00980
2007-06-12$17.62$0.0031.8%3.1%13.8%0.0%0.0%0.2%-1.0%212-172.4K-10.00121.55N/AN/A00980
2007-06-13$17.84$0.00154.4%12.5%14.4%0.0%0.0%1.4%-18.2%2.4K-152.3K-320.00176.28N/AN/A70980
2007-06-14$17.97$0.00112.0%32.1%14.3%0.0%0.0%16.6%-44.5%150-183.6K-350.00200.00N/AN/A001050
2007-06-15$18.06$0.009.8%2.8%14.3%0.0%0.0%-0.0%0.9%612-185.0K-340.00124.87N/AN/A001050
2007-06-18$18.07$0.0010.3%2.9%14.3%0.0%0.0%-0.0%1.0%595-8.5K-330.00124.93N/AN/A0070
2007-06-19$18.06$0.0047.1%13.5%14.3%0.0%0.0%2.5%-12.9%318-7.6K-350.00177.17N/AN/A0070
2007-06-20$17.90$0.00122.5%35.1%14.6%0.0%0.0%16.3%-34.3%133-7.4K-350.00200.00N/AN/A0070
2007-06-21$18.00$0.0010.3%2.9%14.7%0.0%0.0%-0.0%1.6%606-7.5K-340.00127.76N/AN/A0070
2007-06-22$17.87$0.0049.7%14.3%14.4%0.0%0.0%1.6%-15.0%317-7.2K-350.00177.96N/AN/A0070
2007-06-25$17.79$0.0052.6%15.1%14.1%0.0%0.0%1.5%-17.3%316-7.0K-350.00176.57N/AN/A0070
2007-06-26$17.71$0.0013.1%3.8%14.2%0.0%0.0%0.7%-4.8%600-6.5K-350.00122.73N/AN/A0070
2007-06-27$17.88$0.0011.5%3.3%14.1%0.0%0.0%0.5%0.1%606-7.2K-340.00127.66N/AN/A0070
2007-06-28$17.90$0.0011.8%3.4%14.0%0.0%0.0%0.6%0.2%603-7.2K-340.00127.89N/AN/A0070
2007-06-29$17.81$0.0011.9%3.4%14.0%0.0%0.0%0.1%-1.5%639-7.1K-340.00127.76N/AN/A0070