PWB Options History — October 2022

In October 2022, PWB traded between $56.34 and $61.93. ATM implied volatility averaged 35.6%, placing in the 34.4% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 7.9% (HV 20d: 27.6%). Max pain ranged from $58.00 to $70.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.60.

Notable Days

2022-10-03: Highest Volume — 3 contracts
2022-10-12: Largest IV drop — 26.4% change
2022-10-11: Highest IV Rank — 57.5%
2022-10-31: Largest Expected Move — 10.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.94	$56.34	$61.93	$58.58	$61.69
Max Pain	$59.71	$58.00	$70.00	$70.00	$58.00
ATM IV	35.6%	30.6%	47.9%	35.5%	36.0%
Expected Move	9.7%	8.8%	10.3%	10.2%	10.3%
HV 20d	27.6%	25.3%	29.6%	28.1%	26.2%
HV 60d	25.6%	24.8%	26.2%	25.2%	25.7%
IV Rank	34.4%	25.1%	57.5%	34.3%	35.2%
IV Percentile	69.1%	42.1%	95.6%	73.0%	76.6%
Term Structure	-1.8%	-6.2%	0.6%	-3.5%	-5.1%
VWIV	51.4%	48.0%	56.3%	56.3%	49.9%
Skew 25d	3.1%	1.0%	4.5%	4.4%	2.2%
Skew 10d	5.3%	-0.0%	9.1%	9.1%	3.6%
Call IV 25d	33.8%	29.5%	38.2%	37.9%	38.2%
Put IV 25d	36.9%	32.6%	42.3%	42.3%	40.3%
Bid-Ask Spread %	132.81	123.39	139.06	131.09	138.65
Gamma HHI	0.67	0.29	1.00	1.00	0.31
Net GEX	414	29	786	29	763
Net DEX	-7.1K	-16.4K	-95	-95	-16.4K
Net VEX	-20	-33	-1	-1	-29
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.00	1.00	0.00	0.50
Total Volume	1.952	1	3	3	3
Total OI	3.619	1	5	1	5

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
2022-10-03	$58.58	$70.00	35.5%	10.2%	28.1%	34.3%	56.3%	4.4%	-3.5%	29	-95	-1	0.00	131.09	N/A	N/A	3	0	1	0
2022-10-04	$60.01	$70.00	32.4%	9.3%	29.6%	28.6%	48.0%	2.8%	-1.2%	438	-7.9K	-16	0.00	128.92	N/A	N/A	1	0	3	0
2022-10-05	$60.43	$70.00	31.5%	9.0%	28.8%	26.9%	49.9%	2.0%	0.6%	428	-7.9K	-16	0.00	123.39	N/A	N/A	1	0	3	0
2022-10-06	$59.82	$58.00	38.7%	8.9%	28.9%	40.3%	0.0%	3.5%	-0.2%	447	-8.0K	-16	0.00	132.48	N/A	N/A	1	0	3	0
2022-10-07	$57.91	$58.00	39.8%	9.5%	29.4%	42.3%	0.0%	3.2%	-0.5%	423	-6.5K	-16	0.00	128.63	N/A	N/A	1	0	3	0
2022-10-10	$57.48	$58.00	44.7%	10.1%	29.1%	51.5%	0.0%	4.0%	-1.6%	412	-5.8K	-15	0.00	128.47	N/A	N/A	1	0	3	0
2022-10-11	$56.60	$58.00	47.9%	10.1%	26.0%	57.5%	0.0%	3.2%	-2.6%	415	-5.3K	-15	1.00	129.19	N/A	N/A	1	1	3	0
2022-10-12	$56.67	$58.00	35.3%	10.1%	25.3%	33.9%	0.0%	3.1%	-1.6%	271	-3.3K	-23	1.00	133.64	N/A	N/A	1	1	3	1
2022-10-13	$57.71	$58.00	33.4%	9.6%	25.5%	30.3%	0.0%	4.5%	-0.6%	317	-4.0K	-23	1.00	129.60	N/A	N/A	1	1	3	1
2022-10-14	$56.34	$58.00	34.7%	10.0%	26.5%	32.9%	0.0%	3.3%	-1.1%	257	-3.0K	-22	1.00	132.33	N/A	N/A	1	1	3	1
2022-10-17	$57.74	$58.00	33.7%	9.7%	28.2%	30.9%	0.0%	3.2%	-1.5%	326	-4.3K	-22	1.00	134.44	N/A	N/A	1	1	3	1
2022-10-18	$57.97	$58.00	34.2%	9.8%	28.3%	32.0%	0.0%	4.2%	-1.0%	310	-5.0K	-21	1.00	135.94	N/A	N/A	1	1	3	1
2022-10-19	$57.99	$58.00	34.9%	10.0%	27.6%	33.1%	0.0%	3.5%	-1.6%	334	-4.5K	-21	1.00	133.81	N/A	N/A	1	1	3	1
2022-10-20	$57.68	$58.00	34.6%	9.9%	27.6%	32.7%	0.0%	3.4%	-2.0%	330	-4.4K	-21	1.00	136.49	N/A	N/A	1	1	3	1
2022-10-21	$59.09	$58.00	31.0%	8.9%	27.6%	25.9%	0.0%	1.1%	-2.1%	454	-5.6K	-19	1.00	134.31	N/A	N/A	1	1	3	1
2022-10-24	$60.07	$58.00	35.6%	10.2%	28.0%	34.6%	0.0%	3.5%	-1.6%	316	-7.0K	-17	0.00	139.06	N/A	N/A	0	1	2	1
2022-10-25	$60.96	$58.00	34.8%	10.0%	28.3%	33.0%	0.0%	3.7%	-1.6%	319	-8.0K	-15	1.00	137.75	N/A	N/A	1	1	2	1
2022-10-26	$60.48	$58.00	30.6%	8.8%	27.5%	25.1%	0.0%	1.0%	-1.7%	586	-11.2K	-25	0.50	130.29	N/A	N/A	2	1	3	1
2022-10-27	$60.55	$58.00	34.0%	9.7%	26.4%	31.4%	0.0%	2.0%	-6.2%	786	-14.4K	-33	0.50	137.34	N/A	N/A	2	1	4	1
2022-10-28	$61.93	$58.00	33.6%	9.6%	27.0%	30.7%	0.0%	3.5%	-0.7%	726	-16.4K	-30	0.50	133.13	N/A	N/A	2	1	4	1
2022-10-31	$61.69	$58.00	36.0%	10.3%	26.2%	35.2%	0.0%	2.2%	-5.1%	763	-16.4K	-29	0.50	138.65	N/A	N/A	2	1	4	1