PWB Options History — February 2008

In February 2008, PWB traded between $16.22 and $17.15. ATM implied volatility averaged 48.9%, placing in the 24.2% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 24.3% (HV 20d: 24.6%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-02-12: Highest Volume — 1 contracts
  • 2008-02-04: Largest IV spike — 203.8% change
  • 2008-02-08: Highest IV Rank — 66.5%
  • 2008-02-08: Largest Expected Move — 33.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.73$16.22$17.15$16.98$16.50
Max Pain$18.00$18.00$18.00$18.00$18.00
ATM IV48.9%22.2%115.8%26.9%62.7%
Expected Move11.0%6.4%33.2%7.7%18.0%
HV 20d24.6%19.7%30.3%30.1%22.7%
HV 60d24.7%23.7%25.6%25.5%24.4%
IV Rank24.2%7.7%66.5%9.7%33.2%
IV Percentile64.0%38.1%94.8%50.0%81.7%
Term Structure-5.8%-48.5%4.5%4.5%-16.6%
Skew 25d-0.6%-10.5%7.8%-0.7%1.7%
Skew 10d-3.1%-15.5%2.3%-1.5%-11.8%
Call IV 25d46.0%24.6%144.9%24.6%84.1%
Put IV 25d45.4%19.7%136.4%23.8%85.8%
Bid-Ask Spread %137.96118.26188.28148.61160.48
Gamma HHI0.550.440.620.570.51
Net GEX-3.1K-5.6K-554-3.5K-2.1K
Net DEX93.2K40.3K117.5K84.5K90.3K
Net VEX-376-487-298-464-327
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.10100
Total OI169.95169171169171

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-02-01$16.98$0.0026.9%7.7%30.1%9.7%0.0%-0.7%4.5%-3.5K84.5K-4640.00148.61N/AN/A0069100
2008-02-04$16.89$18.0081.8%11.8%28.8%41.0%0.0%1.7%-11.0%-2.1K75.5K-4540.00157.54N/AN/A0069100
2008-02-05$16.40$18.0031.3%11.2%30.3%12.2%0.0%7.8%-10.9%-1.1K78.7K-4280.00134.34N/AN/A0069100
2008-02-06$16.22$18.0094.2%10.7%29.6%52.9%0.0%-3.3%-9.8%-1.6K90.6K-3870.00147.73N/AN/A0069100
2008-02-07$16.27$18.0099.1%12.8%27.8%56.0%0.0%-1.4%-7.7%-1.9K91.1K-3940.00156.93N/AN/A0069100
2008-02-08$16.34$18.00115.8%33.2%27.9%66.5%0.0%-8.5%-48.5%-55440.3K-4870.00188.28N/AN/A0069100
2008-02-11$16.59$18.0046.6%8.0%28.3%23.1%0.0%-1.6%1.3%-3.3K111.4K-3340.00118.86N/AN/A0069100
2008-02-12$16.67$18.0048.8%7.9%27.1%24.4%0.0%-0.8%1.4%-3.7K106.1K-3520.00118.26N/AN/A1069100
2008-02-13$16.97$18.0056.9%7.8%25.9%29.5%0.0%0.6%1.6%-4.3K98.9K-3830.00118.41N/AN/A0070100
2008-02-14$16.79$18.0027.5%7.9%25.2%11.1%0.0%-0.7%1.8%-3.8K104.9K-3610.00119.10N/AN/A0070100
2008-02-15$16.72$18.0027.6%7.9%22.7%11.1%0.0%-0.9%1.0%-3.9K105.7K-3480.00118.96N/AN/A0070100
2008-02-19$16.74$18.0050.2%14.4%22.7%25.3%0.0%1.4%-14.6%-1.9K80.1K-3970.00160.35N/AN/A0070100
2008-02-20$16.87$18.0026.3%7.5%21.4%10.3%0.0%-0.8%0.9%-4.1K107.2K-3480.00121.55N/AN/A1070100
2008-02-21$16.66$18.0025.1%7.2%22.0%9.6%0.0%-1.5%-2.4%-3.6K113.2K-3040.00122.00N/AN/A0071100
2008-02-22$16.73$18.0022.2%6.4%20.3%7.7%0.0%-0.2%2.1%-3.7K117.5K-2980.00124.06N/AN/A0071100
2008-02-25$17.05$18.0048.4%13.9%20.1%24.2%0.0%1.9%-3.0%-2.4K74.2K-3890.00161.05N/AN/A0071100
2008-02-26$17.15$18.0026.1%7.5%19.7%10.2%0.0%2.1%-0.2%-5.6K98.5K-3580.00124.31N/AN/A0071100
2008-02-27$17.08$18.0028.4%8.1%19.8%11.6%0.0%2.3%-2.3%-5.1K97.2K-3500.00122.99N/AN/A0071100
2008-02-28$16.99$18.0032.3%9.3%19.9%14.1%0.0%-10.5%-2.7%-4.3K98.0K-3490.00135.39N/AN/A0071100
2008-02-29$16.50$18.0062.7%18.0%22.7%33.2%0.0%1.7%-16.6%-2.1K90.3K-3270.00160.48N/AN/A0071100