PWB Options History — June 2022

In June 2022, PWB traded between $56.56 and $65.79. ATM implied volatility averaged 34.7%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 3.0% (HV 20d: 37.7%). Max pain ranged from $60.00 to $66.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.05.

Notable Days

2022-06-13: Highest Volume — 73 contracts
2022-06-08: Largest IV drop — 32.0% change
2022-06-06: Highest IV Rank — 17.1%
2022-06-16: Largest Expected Move — 11.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$61.02	$56.56	$65.79	$64.44	$58.58
Max Pain	$61.50	$60.00	$66.00	$66.00	$60.00
ATM IV	34.7%	27.6%	40.6%	32.7%	36.8%
Expected Move	9.4%	7.9%	11.2%	9.4%	10.5%
HV 20d	37.7%	33.4%	43.1%	43.1%	37.1%
HV 60d	35.2%	33.4%	36.8%	34.1%	36.6%
IV Rank	13.0%	8.1%	17.1%	11.7%	14.4%
IV Percentile	68.7%	42.8%	82.0%	62.4%	80.4%
Term Structure	-0.9%	-8.1%	19.2%	-2.5%	-2.4%
VWIV	32.4%	26.4%	37.1%	34.3%	37.1%
Skew 25d	3.6%	2.0%	5.2%	2.8%	2.7%
Skew 10d	5.4%	1.9%	7.2%	5.4%	5.5%
Call IV 25d	32.5%	24.4%	41.3%	33.7%	41.3%
Put IV 25d	36.1%	28.4%	44.2%	36.5%	44.1%
Bid-Ask Spread %	133.00	124.67	141.11	124.67	128.55
Gamma HHI	0.89	0.54	0.97	0.96	0.54
Net GEX	7.1K	0	20.3K	14.7K	0
Net DEX	-37.4K	-129.2K	10.9K	-99.9K	0
Net VEX	-82	-247	0	-244	0
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.05	0.04	0.06	0.04	0.06
Total Volume	45.19	1	73	72	1
Total OI	32.667	0	53	53	0

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-06-01	$64.44	$66.00	32.7%	9.4%	43.1%	11.7%	34.3%	2.8%	-2.5%	14.7K	-99.9K	-244	0.04	124.67	N/A	N/A	69	3	50	3
2022-06-02	$65.79	$0.00	35.8%	8.2%	41.8%	13.8%	0.0%	3.5%	0.8%	17.8K	-125.2K	-247	0.04	129.73	N/A	N/A	69	3	50	3
2022-06-03	$64.78	$0.00	36.0%	8.3%	38.9%	13.9%	0.0%	4.4%	-0.3%	16.4K	-110.2K	-238	0.04	133.44	N/A	N/A	69	3	50	3
2022-06-06	$64.73	$0.00	40.6%	8.4%	38.7%	17.1%	0.0%	3.9%	0.0%	16.1K	-109.5K	-211	0.04	135.48	N/A	N/A	69	3	50	3
2022-06-07	$65.47	$0.00	40.5%	8.2%	33.5%	17.0%	0.0%	3.7%	0.1%	17.7K	-129.2K	-206	0.04	137.29	N/A	N/A	69	3	50	3
2022-06-08	$64.97	$0.00	27.6%	7.9%	33.6%	8.1%	0.0%	4.0%	0.8%	20.3K	-108.9K	-190	0.04	132.02	N/A	N/A	69	3	50	3
2022-06-09	$63.85	$0.00	28.6%	8.2%	33.4%	8.8%	0.0%	4.3%	0.2%	19.4K	-62.6K	-149	0.04	132.17	N/A	N/A	69	3	50	3
2022-06-10	$61.57	$0.00	32.1%	9.2%	36.2%	11.2%	0.0%	4.0%	-1.9%	9.8K	-28.9K	-89	0.04	138.25	N/A	N/A	69	3	50	2
2022-06-13	$58.36	$0.00	36.7%	10.5%	37.6%	14.4%	30.7%	3.6%	-2.2%	4.8K	-14.0K	-51	0.06	125.59	N/A	N/A	69	4	50	2
2022-06-14	$58.51	$60.00	34.9%	10.0%	37.6%	13.2%	32.8%	5.1%	-1.4%	3.8K	-2.1K	-36	0.06	131.35	N/A	N/A	69	4	50	3
2022-06-15	$59.48	$60.00	37.1%	10.6%	36.9%	14.7%	27.6%	3.7%	-6.4%	5.4K	-11.1K	-43	0.06	136.23	N/A	N/A	69	4	50	3
2022-06-16	$56.56	$60.00	39.2%	11.2%	37.6%	16.1%	26.4%	4.6%	19.2%	2.1K	5.1K	-17	0.06	140.43	N/A	N/A	69	4	50	3
2022-06-17	$57.15	$0.00	35.6%	10.2%	37.9%	13.7%	33.0%	2.0%	-8.1%	91	10.9K	0	0.06	133.98	N/A	N/A	69	4	50	2
2022-06-21	$58.89	$0.00	33.6%	9.6%	39.6%	12.3%	33.3%	3.8%	-1.5%	0	0	0	0.00	136.20	N/A	N/A	0	1	0	0
2022-06-22	$58.65	$0.00	32.2%	9.2%	38.3%	11.3%	28.5%	2.3%	-0.2%	0	0	0	0.00	125.95	N/A	N/A	0	1	0	0
2022-06-23	$58.97	$0.00	35.1%	10.1%	38.3%	13.3%	35.1%	5.2%	-2.9%	0	0	0	0.00	136.67	N/A	N/A	0	1	0	0
2022-06-24	$60.87	$0.00	33.9%	9.7%	39.7%	12.5%	35.8%	3.0%	-4.1%	0	0	0	0.00	141.11	N/A	N/A	0	1	0	0
2022-06-27	$60.82	$0.00	31.5%	9.0%	38.0%	10.8%	31.4%	2.6%	-2.5%	0	0	0	0.00	133.28	N/A	N/A	0	1	0	0
2022-06-28	$59.60	$0.00	35.3%	10.1%	37.0%	13.4%	35.4%	4.0%	-2.8%	0	0	0	0.00	129.45	N/A	N/A	0	1	0	0
2022-06-29	$59.31	$0.00	33.4%	9.6%	37.0%	12.1%	32.7%	3.3%	-1.3%	0	0	0	0.00	131.25	N/A	N/A	0	1	0	0
2022-06-30	$58.58	$0.00	36.8%	10.5%	37.1%	14.4%	37.1%	2.7%	-2.4%	0	0	0	0.00	128.55	N/A	N/A	0	1	0	0