PWB Options History — December 2022

In December 2022, PWB traded between $58.86 and $64.61. ATM implied volatility averaged 35.9%, placing in the 33.2% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 13.8% (HV 20d: 22.1%). Max pain ranged from $54.00 to $63.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2022-12-12: Highest Volume — 2 contracts
  • 2022-12-14: Largest IV drop — 57.2% change
  • 2022-12-12: Highest IV Rank — 89.7%
  • 2022-12-02: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.18$58.86$64.61$64.61$59.59
Max Pain$61.80$54.00$63.00$54.00$63.00
ATM IV35.9%25.3%65.3%34.3%32.7%
Expected Move8.2%7.3%10.0%9.8%9.4%
HV 20d22.1%18.5%28.6%27.0%19.4%
HV 60d25.9%24.8%27.6%27.4%24.8%
IV Rank33.2%12.9%89.7%30.2%25.7%
IV Percentile51.9%7.9%98.8%61.9%50.0%
Term Structure-2.6%-10.7%1.9%-8.8%-6.4%
VWIV26.5%24.0%29.6%26.9%24.0%
Skew 25d2.8%0.8%8.0%2.6%2.8%
Skew 10d2.9%1.4%4.3%2.7%3.0%
Call IV 25d29.1%20.6%37.8%37.0%34.4%
Put IV 25d31.8%26.9%39.8%39.6%37.2%
Bid-Ask Spread %135.48126.36142.06131.95139.42
Gamma HHI0.310.210.390.250.39
Net GEX1.4K9301.8K1.7K1.0K
Net DEX-19.7K-33.9K-11.5K-33.9K-12.3K
Net VEX-115-142-93-142-95
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.2860200
Total OI9.571811118

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-12-01$64.61$54.0034.3%9.8%27.0%30.2%0.0%2.6%-8.8%1.7K-33.9K-1420.00131.95N/AN/A00101
2022-12-02$64.39$54.0034.8%10.0%26.7%31.2%0.0%2.1%-10.7%1.8K-32.4K-1390.00132.59N/AN/A00101
2022-12-05$62.97$0.0037.8%7.5%28.2%37.0%0.0%2.1%-0.4%1.8K-29.6K-1330.00133.89N/AN/A00101
2022-12-06$61.93$0.0040.3%7.8%28.6%41.7%0.0%1.7%-1.2%1.8K-25.2K-1300.00132.51N/AN/A00101
2022-12-07$61.66$0.0039.3%7.6%28.1%39.8%0.0%2.9%0.7%1.8K-24.2K-1280.00129.30N/AN/A00101
2022-12-08$61.99$0.0047.1%7.5%26.4%54.8%0.0%2.7%1.0%1.8K-25.1K-1270.00136.36N/AN/A00101
2022-12-09$61.73$0.0048.9%7.6%18.5%58.3%0.0%2.9%0.3%1.8K-24.5K-1260.00137.74N/AN/A00101
2022-12-12$62.36$0.0065.3%8.0%18.6%89.7%26.9%4.4%0.3%1.5K-21.7K-1200.00134.03N/AN/A2091
2022-12-13$62.77$63.0061.4%7.4%18.8%82.2%0.0%1.7%-2.3%1.6K-24.5K-1300.00129.28N/AN/A0091
2022-12-14$62.25$63.0026.3%7.5%18.8%14.8%25.5%2.0%-1.6%1.6K-22.2K-1240.00134.15N/AN/A2091
2022-12-15$60.81$63.0026.2%7.5%20.2%14.7%0.0%1.3%1.6%1.7K-20.4K-1230.00138.45N/AN/A00101
2022-12-16$60.38$63.0029.6%8.5%20.1%21.1%29.6%2.9%-3.3%1.3K-16.6K-1160.00142.06N/AN/A10101
2022-12-19$59.46$63.0028.5%8.2%20.3%19.1%0.0%1.8%-3.1%989-12.7K-990.00138.15N/AN/A0080
2022-12-20$59.77$63.0028.4%8.1%20.5%18.8%0.0%2.2%-1.3%1.0K-13.0K-990.00139.19N/AN/A0080
2022-12-21$60.49$63.0028.2%8.1%20.4%18.5%0.0%2.2%-3.3%1.1K-14.3K-1070.00140.61N/AN/A0080
2022-12-22$59.26$63.0025.9%7.4%21.1%14.0%0.0%0.8%0.8%997-11.6K-980.00126.36N/AN/A0080
2022-12-23$59.83$63.0025.3%7.3%21.5%12.9%0.0%8.0%1.9%1.1K-12.5K-980.00133.41N/AN/A0080
2022-12-27$59.75$63.0031.4%9.0%20.8%24.7%0.0%2.1%-3.8%1.0K-12.6K-960.00139.81N/AN/A0080
2022-12-28$58.86$63.0031.8%9.1%21.3%24.6%24.0%6.6%-8.5%930-11.5K-930.00135.45N/AN/A1080
2022-12-29$59.91$63.0031.1%8.9%19.5%23.3%0.0%2.7%-5.8%1.1K-12.6K-960.00140.39N/AN/A0080
2022-12-30$59.59$63.0032.7%9.4%19.4%25.7%0.0%2.8%-6.4%1.0K-12.3K-950.00139.42N/AN/A0080