PWB Options History — September 2007

In September 2007, PWB traded between $17.64 and $18.94. ATM implied volatility averaged 50.0%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 31.1% (HV 20d: 18.9%). Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-09-04: Highest Volume — 1 contracts
  • 2007-09-05: Largest IV spike — 251.5% change
  • 2007-09-12: Highest IV Rank — 42.6%
  • 2007-09-06: Largest Expected Move — 19.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.27$17.64$18.94$18.10$18.82
ATM IV50.0%16.0%84.5%18.5%54.1%
Expected Move12.2%4.6%19.1%5.3%15.5%
HV 20d18.9%15.3%21.1%20.6%15.7%
HV 60d17.9%17.3%18.4%17.4%18.2%
IV Rank22.9%3.5%42.6%4.9%25.2%
IV Percentile70.1%35.6%85.5%50.9%75.7%
Term Structure-15.2%-27.0%1.4%-0.1%-19.3%
Skew 25d10.2%-0.7%21.1%0.8%20.2%
Skew 10d25.3%2.7%40.1%2.7%39.5%
Call IV 25d48.5%14.8%80.2%21.9%56.0%
Put IV 25d58.7%16.2%93.5%22.7%76.2%
Bid-Ask Spread %158.49112.05175.71118.47162.55
Gamma HHI0.860.831.001.000.84
Net GEX670600922817614
Net DEX-14.1K-17.6K-11.4K-12.6K-16.1K
Net VEX-46-50-41-46-43
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.0530110
Total OI12.94712131213

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-09-04$18.10$0.0018.5%5.3%20.6%4.9%0.0%0.8%-0.1%817-12.6K-460.00118.47N/AN/A10120
2007-09-05$17.90$0.0064.9%18.6%20.4%31.4%0.0%12.2%-25.9%615-12.5K-500.00175.34N/AN/A00130
2007-09-06$17.97$0.0066.8%19.1%20.4%32.5%0.0%13.3%-27.0%619-12.8K-500.00175.71N/AN/A00130
2007-09-07$17.64$0.0069.4%11.8%21.1%34.0%0.0%6.6%-16.7%600-11.4K-490.00173.64N/AN/A00130
2007-09-10$17.68$0.0077.5%12.2%19.6%38.6%0.0%7.0%-17.8%605-11.6K-480.00173.64N/AN/A00130
2007-09-11$17.93$0.0080.6%12.3%20.2%40.3%0.0%8.9%-17.1%618-12.6K-490.00173.90N/AN/A00130
2007-09-12$17.92$0.0084.5%12.4%20.2%42.6%0.0%8.9%-17.6%616-12.5K-490.00173.90N/AN/A00130
2007-09-13$17.98$0.0043.9%12.6%18.7%19.4%0.0%9.5%-17.8%620-12.8K-480.00173.53N/AN/A00130
2007-09-14$17.96$0.0044.5%12.8%17.6%19.8%0.0%9.4%-18.4%621-12.7K-480.00173.53N/AN/A00130
2007-09-17$17.88$0.0046.6%13.4%17.0%21.0%0.0%9.1%-20.4%616-12.3K-470.00174.54N/AN/A00130
2007-09-18$18.35$0.0016.0%4.6%19.0%3.5%0.0%1.5%-0.8%922-15.2K-460.00116.96N/AN/A00130
2007-09-19$18.56$0.0045.8%13.1%19.2%20.5%0.0%14.9%-22.1%624-15.1K-460.00165.37N/AN/A00130
2007-09-20$18.50$0.0047.8%13.7%19.3%21.6%0.0%14.5%-18.0%624-14.9K-460.00165.75N/AN/A00130
2007-09-21$18.69$0.0017.6%5.0%19.4%4.4%0.0%-0.7%1.4%880-16.7K-430.00112.83N/AN/A00130
2007-09-24$18.65$0.0049.9%14.3%19.2%22.8%0.0%17.0%-16.9%624-15.4K-450.00164.58N/AN/A00130
2007-09-25$18.74$0.0050.8%14.6%19.0%23.4%0.0%18.2%-17.3%620-15.8K-440.00163.49N/AN/A00130
2007-09-26$18.85$0.0017.8%5.1%16.5%4.5%0.0%1.8%0.5%869-17.6K-410.00112.05N/AN/A00130
2007-09-27$18.94$0.0052.8%15.1%15.3%24.5%0.0%21.1%-17.9%608-16.6K-430.00161.63N/AN/A00130
2007-09-28$18.82$0.0054.1%15.5%15.7%25.2%0.0%20.2%-19.3%614-16.1K-430.00162.55N/AN/A00130