PWB Options History — October 2008

In October 2008, PWB traded between $10.30 and $14.38. ATM implied volatility averaged 117.1%, placing in the 64.9% IV rank vs the trailing year. The 30-day expected move averaged 33.6%. IV traded above realized volatility by 34.9% (HV 20d: 82.2%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 23 of 23 trading days.

Notable Days

  • 2008-10-06: Largest IV spike — 127.4% change
  • 2008-10-24: Highest IV Rank — 86.8%
  • 2008-10-24: Largest Expected Move — 43.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.89$10.30$14.38$14.38$11.85
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV117.1%44.9%151.2%94.0%136.9%
Expected Move33.6%12.9%43.4%26.9%39.2%
HV 20d82.2%64.5%93.9%64.5%91.0%
HV 60d53.5%39.3%65.0%39.3%65.0%
IV Rank64.9%18.7%86.8%50.1%77.5%
IV Percentile91.6%34.9%98.8%89.7%96.4%
Skew 25d9.5%-33.0%37.6%37.6%12.0%
Skew 10d8.0%-44.5%37.6%37.6%12.0%
Call IV 25d76.3%50.1%104.7%50.1%86.5%
Put IV 25d85.8%37.3%107.1%87.7%98.5%
Bid-Ask Spread %149.71115.64182.01182.01154.01
Gamma HHI0.510.500.570.500.50
Net GEX14896260225144
Net DEX-6.9K-11.1K-2.1K-11.1K-7.1K
Net VEX-31-46-13-46-27
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1818181818

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$14.38$15.0094.0%26.9%64.5%50.1%0.0%37.6%0.0%225-11.1K-460.00182.01N/AN/A00180
2008-10-02$13.49$15.0097.4%27.9%67.1%52.3%0.0%24.3%0.0%195-9.5K-420.00171.81N/AN/A00180
2008-10-03$13.41$15.0044.9%12.9%67.1%18.7%0.0%-20.9%0.0%260-4.6K-260.00131.69N/AN/A00180
2008-10-06$12.76$15.00102.2%29.3%68.5%55.4%0.0%12.3%0.0%173-8.3K-370.00165.21N/AN/A00180
2008-10-07$12.09$15.00109.6%31.4%69.5%60.1%0.0%9.0%0.0%151-7.4K-350.00156.57N/AN/A00180
2008-10-08$12.11$15.00110.2%31.6%68.9%60.5%0.0%9.4%0.0%152-7.4K-350.00156.16N/AN/A00180
2008-10-09$11.28$15.00121.0%34.7%70.5%67.4%0.0%6.6%0.0%128-6.5K-310.00148.96N/AN/A00180
2008-10-10$11.29$15.00126.8%36.3%70.1%71.1%0.0%16.7%0.0%125-6.9K-320.00145.07N/AN/A00180
2008-10-13$12.67$15.00107.6%30.8%83.8%58.8%0.0%11.0%0.0%170-8.1K-360.00164.19N/AN/A00180
2008-10-14$12.36$15.00111.7%32.0%83.6%61.5%0.0%9.8%0.0%160-7.7K-350.00159.38N/AN/A00180
2008-10-15$11.04$15.0070.1%20.1%89.8%34.8%0.0%-29.9%0.0%119-2.3K-160.00117.66N/AN/A00180
2008-10-16$11.42$15.00129.4%37.1%89.2%72.8%0.0%15.2%0.0%129-7.0K-310.00147.67N/AN/A00180
2008-10-17$11.44$15.00130.4%37.4%87.4%73.4%0.0%15.9%0.0%129-7.0K-300.00147.50N/AN/A00180
2008-10-20$12.26$15.00123.8%35.5%92.1%69.2%0.0%21.1%0.0%152-8.0K-330.00153.30N/AN/A00180
2008-10-21$11.76$15.00130.7%37.5%92.7%73.7%0.0%18.5%0.0%138-7.4K-310.00148.92N/AN/A00180
2008-10-22$11.08$15.00141.5%40.6%93.9%80.5%0.0%16.6%0.0%120-6.7K-280.00144.10N/AN/A00180
2008-10-23$11.14$15.00142.4%40.8%93.6%81.1%0.0%18.1%0.0%121-6.7K-280.00144.60N/AN/A00180
2008-10-24$10.75$15.00151.2%43.4%93.7%86.8%0.0%0.0%0.0%111-6.5K-270.00141.15N/AN/A00180
2008-10-27$10.30$15.0088.2%25.3%86.4%46.4%0.0%-33.0%0.0%96-2.1K-130.00115.64N/AN/A00180
2008-10-28$11.16$15.00144.4%41.4%88.2%82.4%0.0%0.0%0.0%124-6.5K-270.00146.66N/AN/A00180
2008-10-29$11.30$15.00143.7%41.2%88.6%81.9%0.0%0.0%0.0%128-6.6K-270.00148.45N/AN/A00180
2008-10-30$12.10$15.00136.0%39.0%90.8%76.9%0.0%20.5%0.0%149-7.6K-290.00152.67N/AN/A00180
2008-10-31$11.85$15.00136.9%39.2%91.0%77.5%0.0%12.0%0.0%144-7.1K-270.00154.01N/AN/A00180