PWB Options History — February 2023

In February 2023, PWB traded between $61.80 and $65.03. ATM implied volatility averaged 22.1%, placing in the 6.1% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 7.1% (HV 20d: 15.0%). Max pain ranged from $63.00 to $63.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-02-01: Highest Volume — 10 contracts
  • 2023-02-21: Largest IV spike — 16.2% change
  • 2023-02-06: Highest IV Rank — 11.9%
  • 2023-02-21: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$63.65$61.80$65.03$64.61$62.07
Max Pain$63.00$63.00$63.00$63.00$63.00
ATM IV22.1%19.2%25.1%22.9%21.8%
Expected Move6.2%5.5%6.9%6.5%6.2%
HV 20d15.0%13.7%16.2%15.4%14.7%
HV 60d18.8%17.0%21.8%21.8%17.0%
IV Rank6.1%0.5%11.9%7.5%5.4%
IV Percentile5.8%0.4%11.5%4.8%6.0%
Term Structure-0.0%-4.6%3.8%-4.6%-0.6%
VWIV22.2%22.2%22.2%22.2%22.2%
Skew 25d1.9%-13.1%5.8%3.1%1.5%
Skew 10d3.3%0.0%5.1%3.6%2.3%
Call IV 25d18.3%15.2%32.6%18.8%19.9%
Put IV 25d20.2%18.1%21.9%21.9%21.4%
Bid-Ask Spread %113.08108.98116.80116.16116.48
Gamma HHI0.410.330.580.580.34
Net GEX3.1K1.5K3.4K1.5K3.4K
Net DEX-37.1K-44.4K-14.6K-14.6K-31.1K
Net VEX-260-290-98-98-236
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.579010100
Total OI16.684718718

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$64.61$0.0022.9%6.5%15.4%7.5%0.0%3.1%-4.6%1.5K-14.6K-980.00116.16N/AN/A10070
2023-02-02$64.16$0.0023.3%5.9%15.9%8.3%0.0%4.7%0.4%3.3K-41.8K-2860.00108.98N/AN/A00170
2023-02-03$63.83$0.0022.1%5.8%16.2%6.1%0.0%3.3%0.1%3.3K-41.7K-2890.00110.53N/AN/A00170
2023-02-06$63.70$0.0025.1%6.2%14.4%11.9%0.0%2.5%-0.9%3.0K-39.9K-2830.00111.00N/AN/A00170
2023-02-07$64.55$0.0021.8%5.6%14.8%5.5%0.0%5.8%2.2%3.1K-40.1K-2840.00109.46N/AN/A00170
2023-02-08$64.16$0.0022.1%6.3%15.2%6.0%0.0%2.0%-0.3%3.1K-41.8K-2900.00113.94N/AN/A00170
2023-02-09$63.95$0.0022.6%6.5%14.9%7.0%0.0%3.3%-1.3%3.1K-41.6K-2830.00110.47N/AN/A00170
2023-02-10$64.00$0.0022.4%6.4%14.7%6.6%0.0%4.0%-0.1%3.0K-39.6K-2760.00112.64N/AN/A00170
2023-02-13$64.60$0.0022.2%6.4%14.9%6.2%0.0%2.9%-0.2%3.1K-42.9K-2840.00110.67N/AN/A00170
2023-02-14$65.03$0.0019.2%5.5%14.9%0.5%0.0%-13.1%1.9%3.2K-44.2K-2890.00113.05N/AN/A00170
2023-02-15$65.01$0.0020.1%5.8%13.7%2.2%0.0%1.8%0.8%3.3K-44.4K-2840.00113.69N/AN/A00170
2023-02-16$64.36$0.0020.4%5.8%14.3%2.8%0.0%2.3%1.4%3.3K-43.4K-2870.00113.34N/AN/A00170
2023-02-17$63.56$0.0020.6%5.9%14.7%3.2%0.0%3.5%3.8%3.1K-37.3K-2680.00112.75N/AN/A00170
2023-02-21$62.70$0.0023.9%6.9%15.1%9.6%0.0%2.5%-1.6%2.9K-33.9K-2530.00113.72N/AN/A00170
2023-02-22$62.27$0.0023.3%6.7%15.2%8.5%22.2%2.2%-0.7%2.8K-31.1K-2370.00116.80N/AN/A10170
2023-02-23$62.73$63.0022.2%6.4%15.5%6.3%0.0%2.4%-0.2%3.3K-34.6K-2510.00115.07N/AN/A00180
2023-02-24$61.80$63.0022.8%6.5%15.3%7.4%0.0%1.9%-0.6%3.1K-29.6K-2330.00114.92N/AN/A00180
2023-02-27$62.23$63.0021.9%6.3%15.4%5.7%0.0%-0.2%0.6%3.4K-32.1K-2370.00114.77N/AN/A00180
2023-02-28$62.07$63.0021.8%6.2%14.7%5.4%0.0%1.5%-0.6%3.4K-31.1K-2360.00116.48N/AN/A00180