PWB Options History — September 2021

In September 2021, PWB traded between $74.18 and $79.10. ATM implied volatility averaged 22.5%, placing in the 4.1% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 10.5% (HV 20d: 12.0%). Max pain ranged from $78.00 to $78.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2021-09-01: Highest Volume — 4 contracts
  • 2021-09-28: Largest IV spike — 32.0% change
  • 2021-09-30: Highest IV Rank — 12.9%
  • 2021-09-30: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.43$74.18$79.10$78.83$74.18
Max Pain$78.00$78.00$78.00$78.00$78.00
ATM IV22.5%15.7%35.9%20.1%35.9%
Expected Move6.3%4.5%10.3%5.8%10.3%
HV 20d12.0%9.9%16.2%9.9%16.1%
HV 60d405.9%404.5%407.1%407.0%404.5%
IV Rank4.1%0.0%12.9%1.9%12.9%
IV Percentile8.9%0.0%24.4%4.4%24.4%
Term Structure-0.1%-12.6%9.7%-2.7%-11.8%
Skew 25d3.7%-1.7%6.5%3.2%4.5%
Skew 10d5.9%-2.3%16.6%8.5%4.1%
Call IV 25d22.4%16.6%36.5%22.2%36.5%
Put IV 25d26.1%18.3%41.9%25.4%41.0%
Bid-Ask Spread %141.83131.18162.19162.19153.77
Gamma HHI0.840.731.001.000.73
Net GEX2.0K1863.2K1871.6K
Net DEX-18.6K-24.9K-6.2K-6.2K-12.3K
Net VEX-42-54-12-12-33
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.190440
Total OI4.6191515

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$78.83$0.0020.1%5.8%9.9%1.9%0.0%3.2%-2.7%187-6.2K-120.00162.19N/AN/A4010
2021-09-02$78.72$0.0020.5%4.8%9.9%2.2%0.0%3.6%3.7%186-6.2K-120.00136.12N/AN/A0010
2021-09-03$79.10$78.0020.8%5.2%10.0%2.4%0.0%3.2%3.0%2.1K-24.8K-540.00136.28N/AN/A0050
2021-09-07$79.00$78.0024.7%5.3%10.0%4.9%0.0%3.9%3.3%2.1K-24.9K-520.00137.94N/AN/A0050
2021-09-08$78.65$78.0018.1%5.2%10.0%0.6%0.0%-1.7%0.8%2.9K-22.4K-510.00135.43N/AN/A0050
2021-09-09$78.74$78.0017.5%5.0%10.0%0.3%0.0%2.7%1.9%2.4K-23.3K-500.00131.18N/AN/A0050
2021-09-10$78.36$78.0015.7%4.5%10.2%0.0%0.0%1.4%9.5%3.2K-23.3K-510.00134.91N/AN/A0050
2021-09-13$77.61$78.0017.3%4.9%10.9%1.0%0.0%3.5%3.6%2.4K-20.2K-500.00133.22N/AN/A0050
2021-09-14$77.56$78.0016.3%4.7%10.9%0.3%0.0%3.6%7.1%2.4K-20.5K-480.00137.45N/AN/A0050
2021-09-15$78.21$78.0017.0%4.9%9.9%0.8%0.0%4.6%9.7%2.2K-22.6K-480.00135.48N/AN/A0050
2021-09-16$78.15$78.0016.8%4.8%9.9%0.7%0.0%4.9%5.7%2.4K-22.3K-470.00136.55N/AN/A0050
2021-09-17$77.36$78.0021.1%6.0%10.7%3.4%0.0%4.5%1.6%2.3K-19.9K-470.00141.09N/AN/A0050
2021-09-20$75.57$78.0026.0%7.5%13.5%6.6%0.0%6.5%-0.0%1.8K-14.5K-420.00133.15N/AN/A0050
2021-09-21$76.16$78.0032.1%9.2%12.8%10.5%0.0%6.3%-11.5%1.7K-17.8K-420.00156.92N/AN/A0050
2021-09-22$76.88$78.0022.1%6.3%13.2%4.0%0.0%5.0%-0.4%2.3K-18.2K-430.00139.01N/AN/A0050
2021-09-23$77.86$78.0020.0%5.7%13.9%2.7%0.0%4.0%1.4%2.5K-21.5K-420.00136.48N/AN/A0050
2021-09-24$78.01$78.0019.8%5.7%13.7%2.6%0.0%4.0%2.1%2.5K-22.0K-410.00140.88N/AN/A0050
2021-09-27$77.15$78.0024.3%7.0%13.6%5.5%0.0%1.6%-5.5%2.5K-19.2K-380.00154.06N/AN/A0050
2021-09-28$75.08$78.0032.1%9.2%16.2%10.5%0.0%3.1%-12.6%1.7K-14.3K-360.00149.08N/AN/A0050
2021-09-29$74.83$78.0034.0%9.7%16.1%11.7%0.0%5.1%-11.5%1.7K-13.8K-350.00157.15N/AN/A0050
2021-09-30$74.18$78.0035.9%10.3%16.1%12.9%0.0%4.5%-11.8%1.6K-12.3K-330.00153.77N/AN/A0050