PWB Options History — March 2023

In March 2023, PWB traded between $60.88 and $64.78. ATM implied volatility averaged 23.0%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 5.4% (HV 20d: 17.6%). Max pain ranged from $63.00 to $63.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-03-06: Highest Volume — 1 contracts
  • 2023-03-13: Largest IV spike — 42.2% change
  • 2023-03-13: Highest IV Rank — 40.2%
  • 2023-03-13: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.68$60.88$64.78$61.88$64.78
Max Pain$63.00$63.00$63.00$63.00$63.00
ATM IV23.0%17.4%39.4%22.9%17.4%
Expected Move6.0%5.0%7.2%6.6%5.0%
HV 20d17.6%13.6%20.1%14.5%19.0%
HV 60d17.0%16.5%17.6%17.0%16.6%
IV Rank8.7%0.0%40.2%7.7%0.0%
IV Percentile14.3%0.0%85.7%11.1%0.0%
Term Structure0.3%-3.6%1.9%-1.6%1.9%
Skew 25d2.8%0.5%5.9%1.5%2.0%
Skew 10d3.6%-0.1%5.7%2.9%3.6%
Call IV 25d17.0%14.8%21.1%21.1%16.4%
Put IV 25d19.9%16.6%22.5%22.5%18.5%
Bid-Ask Spread %113.72109.14118.15116.64117.18
Gamma HHI0.420.320.480.340.40
Net GEX3.1K2.5K3.9K3.3K3.8K
Net DEX-30.6K-42.7K-22.2K-29.2K-39.4K
Net VEX-222-262-190-223-241
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.0430100
Total OI17.17417181817

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$61.88$63.0022.9%6.6%14.5%7.7%0.0%1.5%-1.6%3.3K-29.2K-2230.00116.64N/AN/A00180
2023-03-02$62.72$63.0021.2%6.1%13.6%4.4%0.0%1.3%-0.1%3.5K-32.6K-2410.00116.18N/AN/A00180
2023-03-03$63.60$63.0018.4%5.3%14.5%0.0%0.0%1.3%1.5%3.8K-37.7K-2540.00116.53N/AN/A00180
2023-03-06$63.89$0.0020.7%5.7%14.5%4.3%0.0%3.2%1.0%3.9K-42.7K-2620.00110.68N/AN/A10180
2023-03-07$63.11$0.0022.7%6.0%15.1%8.2%0.0%3.7%0.1%3.1K-33.5K-2420.00111.68N/AN/A00170
2023-03-08$63.27$0.0022.1%5.9%14.3%6.9%0.0%4.6%0.4%3.1K-32.2K-2380.00112.41N/AN/A00170
2023-03-09$62.26$0.0027.2%5.9%15.2%16.8%0.0%0.5%-0.3%2.9K-31.6K-2360.00109.42N/AN/A00170
2023-03-10$60.88$0.0027.7%6.7%16.9%17.8%0.0%1.7%0.1%2.6K-24.5K-2030.00109.14N/AN/A00170
2023-03-13$61.20$0.0039.4%7.2%17.1%40.2%0.0%2.9%-1.0%2.5K-24.6K-2050.00109.27N/AN/A00170
2023-03-14$61.78$0.0037.3%6.5%17.1%36.1%0.0%3.0%-0.4%2.7K-25.7K-2080.00116.58N/AN/A00170
2023-03-15$60.96$0.0022.5%6.4%17.2%7.7%0.0%4.4%0.5%2.5K-22.2K-1900.00112.98N/AN/A00170
2023-03-16$62.33$0.0021.0%6.0%19.4%4.9%0.0%5.8%1.4%2.8K-26.7K-2120.00110.83N/AN/A00170
2023-03-17$61.67$0.0022.0%6.3%19.5%6.8%0.0%3.1%1.2%2.7K-25.1K-2020.00113.23N/AN/A00170
2023-03-20$62.30$0.0024.9%7.1%19.5%12.3%0.0%5.9%-3.6%2.8K-27.5K-2110.00110.65N/AN/A00170
2023-03-21$63.34$0.0020.7%5.9%19.9%4.4%0.0%2.2%0.7%3.2K-31.3K-2230.00112.11N/AN/A00170
2023-03-22$62.71$0.0019.5%5.6%20.1%2.1%0.0%1.5%-0.2%3.3K-30.9K-2220.00114.15N/AN/A00170
2023-03-23$62.54$0.0021.6%6.2%19.9%6.1%0.0%3.1%0.4%2.9K-28.0K-2090.00113.37N/AN/A00170
2023-03-24$62.67$0.0020.6%5.9%19.1%4.1%0.0%3.7%1.4%3.0K-28.6K-2080.00113.84N/AN/A00170
2023-03-27$63.06$0.0020.6%5.9%19.1%4.1%0.0%3.6%-0.4%3.2K-30.8K-2150.00115.29N/AN/A00170
2023-03-28$62.83$0.0020.2%5.8%19.1%3.4%0.0%2.6%1.5%3.1K-29.8K-2090.00117.64N/AN/A00170
2023-03-29$63.79$0.0018.4%5.3%19.8%0.0%0.0%1.9%1.0%3.5K-32.7K-2190.00118.15N/AN/A00170
2023-03-30$64.07$0.0019.1%5.5%19.3%1.2%0.0%1.6%1.0%3.6K-35.8K-2320.00117.65N/AN/A00170
2023-03-31$64.78$0.0017.4%5.0%19.0%0.0%0.0%2.0%1.9%3.8K-39.4K-2410.00117.18N/AN/A00170