PWB Options History — December 2007

In December 2007, PWB traded between $18.25 and $19.12. ATM implied volatility averaged 46.2%, placing in the 20.7% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 22.8% (HV 20d: 23.4%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-12-05: Highest Volume — 20 contracts
  • 2007-12-06: Largest IV spike — 138.8% change
  • 2007-12-12: Highest IV Rank — 40.7%
  • 2007-12-06: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.73$18.25$19.12$18.54$18.75
Max Pain$18.80$18.00$19.00$18.00$19.00
ATM IV46.2%23.8%81.3%58.5%37.8%
Expected Move10.7%5.5%18.1%16.8%10.8%
HV 20d23.4%21.3%24.5%24.5%21.4%
HV 60d20.0%18.6%20.9%18.6%20.8%
IV Rank20.7%8.0%40.7%27.7%15.9%
IV Percentile67.6%52.9%87.3%78.7%61.0%
Term Structure-1.3%-49.4%21.5%-47.5%18.2%
Skew 25d15.2%-24.1%55.6%7.3%55.6%
Skew 10d29.3%0.5%72.6%30.2%72.6%
Call IV 25d43.8%16.1%80.0%76.0%21.5%
Put IV 25d59.0%22.0%88.7%83.3%77.2%
Bid-Ask Spread %156.0595.90174.09166.22173.64
Gamma HHI0.490.400.590.590.51
Net GEX-1.6K-3.8K4.1K-2.9K-3.2K
Net DEX26.5K-5.1K57.4K51.2K32.2K
Net VEX-703-767-647-681-647
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.7502000
Total OI203.6182220190182

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-12-03$18.54$18.0058.5%16.8%24.5%27.7%0.0%7.3%-47.5%-2.9K51.2K-6810.00166.22N/AN/A0055135
2007-12-04$18.41$18.0061.9%17.8%24.5%29.7%0.0%6.1%-21.0%-2.6K57.4K-6770.00166.85N/AN/A0055135
2007-12-05$18.68$18.0026.5%7.6%24.4%9.5%0.0%-4.9%-0.5%-1.8K44.7K-6530.00104.74N/AN/A20055135
2007-12-06$18.97$18.0063.2%18.1%24.0%30.4%0.0%12.6%-49.4%-2.4K12.9K-7670.00166.92N/AN/A0075135
2007-12-07$18.96$19.0065.3%7.6%23.4%31.6%0.0%6.5%12.5%-2.7K11.6K-7610.00168.03N/AN/A10075135
2007-12-10$19.12$19.0072.7%7.8%22.5%35.8%0.0%7.7%12.6%-1.7K-5.1K-7630.00167.48N/AN/A0085135
2007-12-11$18.53$19.0060.7%8.0%23.6%29.0%0.0%6.1%8.2%-1.4K9.5K-7670.00166.31N/AN/A0085135
2007-12-12$18.95$19.0081.3%5.5%23.2%40.7%0.0%-24.1%9.2%-1.1K6.7K-7520.00145.99N/AN/A0085135
2007-12-13$18.88$19.0023.8%6.8%23.2%8.0%0.0%29.4%1.8%1.8K12.7K-7230.00134.04N/AN/A0085135
2007-12-14$18.63$19.0039.0%11.2%23.6%16.6%0.0%0.0%-8.5%-3.8K41.6K-7020.00154.38N/AN/A0057135
2007-12-17$18.25$19.0046.0%13.2%24.5%20.6%0.0%4.0%-9.4%-2.2K38.9K-7300.00174.09N/AN/A0085135
2007-12-18$18.39$19.0046.5%13.3%24.0%20.9%0.0%5.0%-11.8%-2.2K34.8K-7180.00173.61N/AN/A0085135
2007-12-19$18.34$19.0047.3%13.6%23.8%21.4%0.0%1.9%-9.7%-1.0K42.1K-7090.00173.89N/AN/A5085135
2007-12-20$18.55$19.0028.0%8.0%23.6%10.3%0.0%4.8%-0.7%2.1K31.0K-6970.0095.90N/AN/A0085135
2007-12-21$18.86$19.0026.9%7.7%24.0%9.7%0.0%8.8%0.4%4.1K11.6K-6900.0099.87N/AN/A0085135
2007-12-24$19.02$19.0037.1%10.6%23.2%15.5%0.0%8.5%9.4%-2.8K21.6K-6680.00170.82N/AN/A0057125
2007-12-26$19.09$19.0033.4%9.6%23.0%13.4%0.0%50.1%19.7%-2.5K18.6K-6610.00171.63N/AN/A0057125
2007-12-27$18.84$19.0033.0%9.5%21.3%13.2%0.0%50.6%21.5%-3.1K27.6K-6500.00173.14N/AN/A0057125
2007-12-28$18.85$19.0035.1%10.1%21.3%14.4%0.0%52.0%18.8%-3.1K27.6K-6470.00173.42N/AN/A0057125
2007-12-31$18.75$19.0037.8%10.8%21.4%15.9%0.0%55.6%18.2%-3.2K32.2K-6470.00173.64N/AN/A0057125