PWB Options History — January 2023

In January 2023, PWB traded between $58.91 and $63.82. ATM implied volatility averaged 23.2%, placing in the 6.4% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 5.0% (HV 20d: 18.3%). Max pain ranged from $63.00 to $63.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days.

Notable Days

  • 2023-01-05: Largest IV drop — 29.4% change
  • 2023-01-04: Highest IV Rank — 30.2%
  • 2023-01-04: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.60$58.91$63.82$58.91$63.43
Max Pain$63.00$63.00$63.00$63.00$63.00
ATM IV23.2%19.0%35.0%33.5%23.8%
Expected Move6.6%5.4%10.0%9.6%6.8%
HV 20d18.3%15.5%20.4%19.5%15.5%
HV 60d23.1%21.6%24.8%24.8%21.6%
IV Rank6.4%0.0%30.2%27.2%9.4%
IV Percentile8.0%0.0%65.1%54.4%6.7%
Term Structure-1.2%-6.7%0.9%-6.7%-1.8%
Skew 25d2.4%0.5%8.4%0.9%1.7%
Skew 10d2.7%1.5%3.6%1.7%2.4%
Call IV 25d20.4%15.6%39.3%37.8%20.7%
Put IV 25d22.8%17.6%39.7%38.7%22.4%
Bid-Ask Spread %119.93105.71138.86133.68117.59
Gamma HHI0.430.350.570.390.57
Net GEX1.4K9501.9K9501.3K
Net DEX-11.1K-13.8K-7.4K-10.8K-12.1K
Net VEX-85-95-67-85-87
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI7.657887

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$58.91$63.0033.5%9.6%19.5%27.2%0.0%0.9%-6.7%950-10.8K-850.00133.68N/AN/A0080
2023-01-04$59.00$63.0035.0%10.0%18.4%30.2%0.0%0.5%-6.7%968-10.4K-860.00138.86N/AN/A0080
2023-01-05$58.92$0.0024.7%7.0%17.8%10.0%0.0%2.4%0.4%965-7.4K-670.00109.98N/AN/A0080
2023-01-06$60.38$0.0025.5%7.3%20.1%5.4%0.0%8.4%-2.2%1.2K-9.7K-790.00105.71N/AN/A0080
2023-01-09$60.59$0.0023.3%6.6%20.1%0.7%0.0%1.9%-0.1%1.4K-10.9K-880.00115.94N/AN/A0080
2023-01-10$60.61$0.0025.4%6.8%20.1%5.3%0.0%2.9%-0.3%1.3K-10.8K-860.00116.37N/AN/A0080
2023-01-11$61.39$0.0022.4%6.4%20.3%0.0%0.0%5.3%0.1%1.5K-11.6K-890.00115.11N/AN/A0080
2023-01-12$61.92$0.0021.3%6.1%20.4%0.0%0.0%2.0%0.4%1.7K-12.9K-890.00122.02N/AN/A0080
2023-01-13$62.24$0.0019.0%5.4%20.3%0.0%0.0%2.0%0.7%1.9K-12.9K-890.00117.51N/AN/A0080
2023-01-17$62.29$0.0021.4%6.1%18.3%4.7%0.0%1.8%-0.4%1.8K-13.8K-930.00122.61N/AN/A0080
2023-01-18$61.42$0.0021.3%6.1%18.9%4.5%0.0%1.9%0.0%1.6K-10.7K-790.00121.77N/AN/A0080
2023-01-19$61.16$0.0021.6%6.2%18.0%5.1%0.0%2.0%0.9%1.5K-9.5K-790.00120.56N/AN/A0080
2023-01-20$61.90$0.0020.3%5.8%18.3%2.6%0.0%1.9%-1.1%1.9K-12.2K-880.00126.11N/AN/A0080
2023-01-23$62.66$0.0019.2%5.5%18.4%0.5%0.0%1.2%-0.6%1.3K-10.0K-790.00127.99N/AN/A0070
2023-01-24$62.48$0.0020.2%5.8%16.5%2.5%0.0%1.7%-0.3%1.2K-10.3K-840.00119.41N/AN/A0070
2023-01-25$62.48$0.0020.7%5.9%16.3%3.3%0.0%4.5%0.5%1.2K-10.2K-830.00116.43N/AN/A0070
2023-01-26$63.43$0.0021.1%6.1%16.9%4.2%0.0%1.5%-1.7%1.4K-12.1K-890.00118.73N/AN/A0070
2023-01-27$63.82$0.0021.0%6.0%15.5%4.0%0.0%1.8%-1.4%1.4K-13.1K-950.00117.22N/AN/A0070
2023-01-30$62.99$0.0023.5%6.7%15.7%8.8%0.0%1.8%-2.9%1.3K-11.1K-840.00114.93N/AN/A0070
2023-01-31$63.43$0.0023.8%6.8%15.5%9.4%0.0%1.7%-1.8%1.3K-12.1K-870.00117.59N/AN/A0070