PWB Options History — October 2007

In October 2007, PWB traded between $18.60 and $19.29. ATM implied volatility averaged 43.7%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 30.2% (HV 20d: 13.6%). Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days.

Notable Days

  • 2007-10-23: Largest IV spike — 620.7% change
  • 2007-10-23: Highest IV Rank — 68.0%
  • 2007-10-23: Largest Expected Move — 37.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.98$18.60$19.29$19.01$19.22
ATM IV43.7%15.8%129.1%58.0%20.3%
Expected Move11.8%4.5%37.0%16.6%5.8%
HV 20d13.6%10.6%15.6%15.6%15.3%
HV 60d18.0%16.7%18.9%18.3%16.8%
IV Rank19.3%3.4%68.0%27.4%5.9%
IV Percentile63.3%28.8%92.1%78.5%51.4%
Term Structure-11.7%-46.8%7.3%-21.4%0.1%
Skew 25d5.5%-12.4%24.5%23.9%1.8%
Skew 10d11.5%-1.6%47.2%44.9%0.0%
Call IV 25d48.7%11.9%148.2%57.4%21.4%
Put IV 25d54.2%10.6%162.3%81.2%23.3%
Bid-Ask Spread %146.5783.59200.00160.71116.51
Gamma HHI0.830.790.850.840.80
Net GEX7252751.1K607862
Net DEX-17.6K-21.0K-15.2K-16.9K-20.3K
Net VEX-35-42-25-42-25
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1313131313

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-10-01$19.01$0.0058.0%16.6%15.6%27.4%0.0%23.9%-21.4%607-16.9K-420.00160.71N/AN/A00130
2007-10-02$18.98$0.0059.6%17.1%15.2%28.4%0.0%24.0%-22.8%612-16.8K-420.00161.89N/AN/A00130
2007-10-03$18.87$0.0061.5%17.6%14.7%29.4%0.0%23.4%-24.8%621-16.3K-410.00162.55N/AN/A00130
2007-10-04$18.91$0.0063.3%18.1%14.7%30.5%0.0%24.5%-26.0%615-16.5K-410.00162.12N/AN/A00130
2007-10-05$19.12$0.0065.0%11.0%12.7%31.4%0.0%2.6%-9.9%597-17.3K-390.00174.96N/AN/A00130
2007-10-08$19.13$0.0072.6%11.4%12.8%35.8%0.0%2.7%-10.7%616-17.5K-390.00175.62N/AN/A00130
2007-10-09$19.23$0.0018.5%5.1%12.2%4.9%0.0%3.8%0.3%790-20.3K-310.00110.78N/AN/A00130
2007-10-10$19.27$0.0019.2%5.2%12.1%5.3%0.0%3.8%0.6%769-20.5K-280.00111.04N/AN/A00130
2007-10-11$19.12$0.0018.1%5.2%12.8%4.7%0.0%3.6%0.5%821-19.7K-300.00109.97N/AN/A00130
2007-10-12$19.29$0.0017.9%5.1%12.8%4.6%0.0%-12.4%-0.0%795-21.0K-260.00111.55N/AN/A00130
2007-10-15$19.04$0.0044.0%12.6%13.9%19.4%0.0%2.1%-13.5%630-17.1K-370.00176.28N/AN/A00130
2007-10-16$18.95$0.0044.8%12.8%11.2%19.9%0.0%1.4%-14.3%635-16.7K-380.00176.75N/AN/A00130
2007-10-17$19.07$0.0020.3%5.8%10.7%5.9%0.0%-1.3%-0.8%930-18.3K-340.0086.33N/AN/A00130
2007-10-18$19.12$0.0017.7%5.1%10.6%4.5%0.0%2.7%1.3%855-19.6K-290.00112.67N/AN/A00130
2007-10-19$18.62$0.0019.3%5.5%14.1%5.4%0.0%-3.8%1.5%986-15.9K-370.00113.97N/AN/A00130
2007-10-22$18.60$0.0017.9%5.1%14.1%4.6%0.0%4.4%7.3%987-15.9K-360.0083.59N/AN/A00130
2007-10-23$18.82$0.00129.1%37.0%14.6%68.0%0.0%14.1%-46.8%275-15.2K-380.00200.00N/AN/A00130
2007-10-24$18.75$0.0051.9%14.9%14.5%23.9%0.0%1.3%-20.3%651-15.8K-370.00176.19N/AN/A00130
2007-10-25$18.78$0.0052.9%15.2%14.4%24.6%0.0%1.3%-21.0%649-15.9K-350.00175.88N/AN/A00130
2007-10-26$18.86$0.0015.8%4.5%14.3%3.4%0.0%-0.8%1.8%1.1K-18.2K-300.00154.87N/AN/A00130
2007-10-29$18.97$0.0058.0%16.6%14.0%27.5%0.0%1.7%-24.1%645-16.7K-340.00178.68N/AN/A00130
2007-10-30$18.88$0.0059.7%17.1%14.1%28.4%0.0%1.7%-26.0%648-16.3K-340.00178.23N/AN/A00130
2007-10-31$19.22$0.0020.3%5.8%15.3%5.9%0.0%1.8%0.1%862-20.3K-250.00116.51N/AN/A00130