PWB Options History — November 2008

In November 2008, PWB traded between $9.29 and $12.40. ATM implied volatility averaged 70.5%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 20.2%. IV traded below realized volatility by 6.7% (HV 20d: 77.2%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 7 of 19 trading days.

Notable Days

  • 2008-11-14: Largest IV spike — 40.5% change
  • 2008-11-20: Highest IV Rank — 49.4%
  • 2008-11-20: Largest Expected Move — 27.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.90$9.29$12.40$11.88$10.86
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV70.5%48.6%95.7%74.4%79.6%
Expected Move20.2%13.9%27.4%21.3%22.8%
HV 20d77.2%67.0%90.5%89.5%67.0%
HV 60d69.8%64.9%74.7%64.9%74.5%
IV Rank33.0%18.1%49.4%37.4%38.7%
IV Percentile63.5%34.9%84.5%68.7%70.6%
Skew 25d21.7%-28.2%49.6%-28.2%39.8%
Skew 10d15.7%-44.3%49.6%-44.3%39.8%
Call IV 25d61.8%35.9%88.5%88.5%59.7%
Put IV 25d83.5%58.5%111.6%60.3%99.5%
Bid-Ask Spread %116.76107.17123.50121.03117.36
Gamma HHI0.810.571.000.571.00
Net GEX4501861560
Net DEX-653-3.4K0-2.9K0
Net VEX-4-170-150
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1818181818

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-11-03$11.88$15.0074.4%21.3%89.5%37.4%0.0%-28.2%0.0%156-2.9K-150.00121.03N/AN/A00180
2008-11-04$12.40$15.0070.4%20.2%88.9%34.8%0.0%-25.5%0.0%186-3.4K-170.00123.50N/AN/A00180
2008-11-05$11.84$15.0065.3%18.7%90.5%30.0%0.0%5.4%0.0%146-2.0K-120.00112.67N/AN/A00180
2008-11-06$11.22$15.0057.1%16.4%88.9%24.6%0.0%22.4%0.0%80-850-60.00118.38N/AN/A00180
2008-11-07$11.55$15.0054.6%15.7%89.5%22.1%0.0%22.7%0.0%101-1.1K-70.00119.79N/AN/A00180
2008-11-10$11.58$15.0056.8%16.3%78.7%23.6%0.0%24.5%0.0%103-1.2K-70.00119.54N/AN/A00180
2008-11-11$11.24$15.0060.8%17.4%78.9%26.2%0.0%24.4%0.0%82-871-50.00118.38N/AN/A00180
2008-11-12$10.63$15.0068.6%19.7%70.7%31.4%0.0%26.0%0.0%0000.00116.46N/AN/A00180
2008-11-13$11.36$15.0048.6%13.9%73.8%18.1%0.0%0.0%0.0%0000.00118.96N/AN/A00180
2008-11-14$10.88$15.0068.4%19.6%75.3%31.2%0.0%27.9%0.0%0000.00117.25N/AN/A00180
2008-11-17$10.61$15.0073.5%21.1%70.7%34.6%0.0%27.1%0.0%0000.00116.46N/AN/A00180
2008-11-18$10.51$15.0060.7%17.4%69.5%26.1%0.0%49.6%0.0%0000.00107.17N/AN/A00180
2008-11-19$9.92$15.0083.3%23.9%69.4%41.1%0.0%25.8%0.0%0000.00114.91N/AN/A00180
2008-11-20$9.29$15.0095.7%27.4%72.4%49.4%0.0%31.9%0.0%0000.00113.45N/AN/A00180
2008-11-21$9.81$15.0089.9%25.8%75.0%45.6%0.0%31.5%0.0%0000.00114.46N/AN/A00180
2008-11-24$10.33$15.0087.5%25.1%76.1%43.9%0.0%32.4%0.0%0000.00115.64N/AN/A00180
2008-11-25$10.39$15.0087.3%25.0%70.1%43.8%0.0%30.9%0.0%0000.00115.91N/AN/A00180
2008-11-26$10.86$15.0057.2%16.4%71.9%23.8%0.0%0.0%0.0%0000.00117.05N/AN/A00180
2008-11-28$10.86$15.0079.6%22.8%67.0%38.7%0.0%39.8%0.0%0000.00117.36N/AN/A00180