PWB Options History — July 2007

In July 2007, PWB traded between $17.61 and $18.66. ATM implied volatility averaged 37.8%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 25.1% (HV 20d: 12.7%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days.

Notable Days

  • 2007-07-27: Highest Volume — 1 contracts
  • 2007-07-10: Largest IV spike — 338.8% change
  • 2007-07-11: Highest IV Rank — 42.1%
  • 2007-07-05: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.28$17.61$18.66$18.04$17.61
Max Pain$18.00$18.00$18.00$18.00$18.00
ATM IV37.8%11.3%83.7%61.2%16.0%
Expected Move8.8%3.2%19.0%17.5%4.6%
HV 20d12.7%10.5%16.5%14.8%16.5%
HV 60d12.1%11.4%14.1%11.5%14.1%
IV Rank14.5%0.8%42.1%32.1%3.5%
IV Percentile51.1%2.9%81.5%81.0%42.4%
Term Structure-11.0%-25.2%0.1%-22.5%-2.9%
VWIV53.5%53.5%53.5%53.5%53.5%
Skew 25d-1.4%-12.8%4.6%2.5%0.5%
Skew 10d7.9%-0.6%18.9%12.1%1.4%
Call IV 25d45.2%13.3%87.7%83.0%20.4%
Put IV 25d43.7%12.6%92.3%85.5%20.9%
Bid-Ask Spread %152.40119.86178.93178.93121.24
Gamma HHI1.001.001.001.001.00
Net GEX398293600320353
Net DEX-8.4K-10.4K-5.3K-7.5K-5.3K
Net VEX-30-34-24-34-32
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.0480100
Total OI7.0957878

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-07-02$18.04$0.0061.2%17.5%14.8%0.0%0.0%2.5%-22.5%320-7.5K-340.00178.93N/AN/A0070
2007-07-03$18.11$0.0062.7%18.0%14.8%0.0%0.0%3.3%-23.2%320-7.7K-330.00177.38N/AN/A0070
2007-07-05$18.22$0.0066.2%19.0%14.6%32.1%0.0%4.6%-25.2%320-7.9K-330.00175.88N/AN/A0070
2007-07-06$18.31$0.0068.1%11.5%11.6%33.2%0.0%4.2%-9.9%318-8.1K-330.00174.44N/AN/A0070
2007-07-09$18.31$0.0018.3%3.3%10.5%4.8%0.0%0.4%-2.2%600-9.3K-290.00119.86N/AN/A0070
2007-07-10$18.07$0.0080.3%7.0%11.7%40.1%0.0%1.3%-11.8%322-7.6K-330.00177.17N/AN/A0070
2007-07-11$18.21$0.0083.7%7.0%11.4%42.1%0.0%-0.5%-11.7%321-7.9K-330.00175.19N/AN/A0070
2007-07-12$18.51$0.0042.0%12.0%11.9%18.3%0.0%-7.8%-13.7%311-8.5K-320.00173.53N/AN/A0070
2007-07-13$18.56$0.0042.5%12.2%11.8%18.6%0.0%-9.3%-13.9%311-8.6K-320.00173.99N/AN/A0070
2007-07-16$18.56$0.0011.7%3.3%11.7%1.0%0.0%-2.1%-4.3%536-9.9K-260.00120.44N/AN/A0070
2007-07-17$18.66$0.0045.0%12.9%11.8%20.0%0.0%-12.8%-15.4%306-8.8K-310.00174.22N/AN/A0070
2007-07-18$18.62$0.0011.6%3.3%11.8%1.0%0.0%-1.8%-1.5%546-10.1K-260.00121.39N/AN/A0070
2007-07-19$18.66$0.0011.3%3.2%11.2%0.8%0.0%-1.8%-1.9%543-10.4K-240.00122.04N/AN/A0070
2007-07-20$18.56$0.0012.4%3.6%11.4%1.5%0.0%-2.2%-5.0%574-10.1K-250.00120.50N/AN/A0070
2007-07-23$18.58$0.0013.2%3.8%10.9%1.9%0.0%-2.0%-2.1%506-9.7K-270.00120.50N/AN/A0070
2007-07-24$18.33$0.0013.2%3.8%12.0%1.9%0.0%-2.6%-0.5%550-9.3K-270.00120.79N/AN/A0070
2007-07-25$18.33$0.0030.6%8.8%11.9%11.8%0.0%-7.3%-18.3%332-8.1K-310.00174.97N/AN/A0070
2007-07-26$18.07$0.0031.8%9.1%12.7%12.5%0.0%1.0%-20.6%336-7.5K-310.00178.68N/AN/A0070
2007-07-27$17.69$0.0057.3%16.4%14.9%27.0%53.5%2.2%-23.8%333-6.6K-310.00175.51N/AN/A0170
2007-07-30$17.95$18.0014.9%4.3%15.7%2.9%0.0%0.3%0.1%293-6.4K-330.00123.76N/AN/A0071
2007-07-31$17.61$18.0016.0%4.6%16.5%3.5%0.0%0.5%-2.9%353-5.3K-320.00121.24N/AN/A0071