PWB Options History — November 2021

In November 2021, PWB traded between $79.47 and $81.79. ATM implied volatility averaged 21.9%, placing in the 3.9% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 10.2% (HV 20d: 11.7%). Max pain ranged from $72.00 to $72.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.89.

Notable Days

  • 2021-11-17: Highest Volume — 19 contracts
  • 2021-11-23: Largest IV spike — 51.8% change
  • 2021-11-24: Highest IV Rank — 10.6%
  • 2021-11-24: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$80.67$79.47$81.79$79.47$79.80
Max Pain$72.00$72.00$72.00$72.00$72.00
ATM IV21.9%17.1%32.2%21.5%26.7%
Expected Move6.2%4.9%9.2%6.2%7.6%
HV 20d11.7%9.6%15.8%12.1%15.8%
HV 60d14.7%14.2%15.8%14.2%15.8%
IV Rank3.9%0.9%10.6%3.7%7.0%
IV Percentile16.6%2.0%30.8%16.4%28.0%
Term Structure0.2%-6.8%6.3%-1.1%-3.3%
VWIV29.8%18.6%39.3%25.8%37.1%
Skew 25d3.4%-2.2%12.7%10.0%4.0%
Skew 10d6.0%-0.2%18.4%4.5%6.1%
Call IV 25d21.6%15.8%29.7%15.8%25.9%
Put IV 25d25.0%19.2%42.4%25.8%29.9%
Bid-Ask Spread %124.80103.32141.25139.25126.95
Gamma HHI0.360.240.610.320.38
Net GEX3.3K-5129.8K-5122.6K
Net DEX-55.5K-89.0K3.5K3.5K-71.1K
Net VEX-234-325-80-84-324
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.274.004.000.31
Total Volume14.75519517
Total OI16.2522520

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$79.47$0.0021.5%6.2%12.1%3.7%0.0%10.0%-1.1%-5123.5K-844.00139.25N/AN/A1414
2021-11-02$79.70$0.0021.8%6.2%11.7%3.9%0.0%8.7%-2.4%-5073.0K-834.00141.25N/AN/A1414
2021-11-03$80.10$0.0020.7%5.9%11.5%3.2%0.0%0.7%-0.9%-4942.5K-802.00137.01N/AN/A2414
2021-11-04$80.91$72.0019.8%5.4%11.0%2.6%25.8%2.8%2.8%-326-4.0K-951.33128.03N/AN/A3424
2021-11-05$81.09$72.0020.4%5.7%10.4%3.0%25.4%2.8%2.9%1.5K-11.7K-1082.00126.05N/AN/A2444
2021-11-08$81.79$72.0019.8%5.2%9.6%2.6%27.6%2.5%2.5%2.4K-19.3K-1040.31128.10N/AN/A13454
2021-11-09$80.72$72.0023.3%5.6%10.9%4.8%23.8%3.3%3.5%4.2K-68.9K-2820.29103.32N/AN/A144154
2021-11-10$79.83$72.0018.1%5.2%12.2%1.5%18.9%1.8%6.3%4.2K-67.1K-2840.29105.59N/AN/A144164
2021-11-11$79.97$72.0019.8%5.7%10.8%2.6%28.6%2.7%1.5%5.5K-72.3K-2880.31126.26N/AN/A134174
2021-11-15$80.64$72.0019.7%5.7%10.7%2.6%31.5%-0.4%1.9%5.4K-79.8K-2670.31128.14N/AN/A134174
2021-11-16$81.47$72.0021.1%6.0%10.8%3.4%22.7%5.8%2.0%6.5K-82.3K-2670.31103.82N/AN/A134174
2021-11-17$81.07$72.0020.8%6.0%11.0%3.2%34.8%-0.5%0.4%5.7K-84.3K-2610.27128.59N/AN/A154174
2021-11-18$81.33$72.0021.2%6.1%11.0%3.5%31.4%1.1%0.2%5.4K-89.0K-3040.27125.81N/AN/A154184
2021-11-19$81.55$72.0019.0%5.5%11.0%2.1%32.0%-1.2%0.1%9.8K-88.3K-2900.29127.23N/AN/A144174
2021-11-22$81.60$72.0017.1%4.9%11.1%0.9%18.6%-2.2%1.2%2.6K-78.8K-2940.27119.99N/AN/A154154
2021-11-23$80.29$72.0026.0%7.5%12.2%6.6%36.1%5.3%-2.6%3.0K-70.9K-3110.29112.85N/AN/A144164
2021-11-24$81.01$72.0032.2%9.2%12.5%10.6%36.5%12.7%-6.8%3.3K-81.1K-3200.29125.09N/AN/A144174
2021-11-26$79.83$72.0025.4%7.3%13.4%6.2%36.4%3.6%-2.7%2.6K-70.3K-3250.31133.07N/AN/A134164
2021-11-29$81.15$72.0023.3%6.7%14.4%4.8%39.3%3.8%-1.8%2.8K-80.3K-3090.31129.55N/AN/A134164
2021-11-30$79.80$72.0026.7%7.6%15.8%7.0%37.1%4.0%-3.3%2.6K-71.1K-3240.31126.95N/AN/A134164