PWB Options History — April 2023

In April 2023, PWB traded between $63.77 and $65.78. ATM implied volatility averaged 18.6%, placing in the 2.9% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 4.6% (HV 20d: 14.1%). Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days.

Notable Days

  • 2023-04-13: Largest IV spike — 40.6% change
  • 2023-04-13: Highest IV Rank — 16.4%
  • 2023-04-13: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.04$63.77$65.78$65.38$65.39
ATM IV18.6%16.3%26.1%17.3%16.3%
Expected Move5.3%4.7%7.5%5.0%4.7%
HV 20d14.1%10.3%19.2%19.2%13.3%
HV 60d15.8%15.2%16.7%16.7%15.5%
IV Rank2.9%0.0%16.4%0.0%0.0%
IV Percentile4.5%0.0%29.0%0.0%0.0%
Term Structure0.5%-4.2%3.2%3.2%0.8%
Skew 25d1.9%-1.1%3.1%1.5%2.3%
Skew 10d3.5%2.7%5.2%3.0%2.7%
Call IV 25d16.5%14.5%28.1%17.3%15.1%
Put IV 25d18.5%16.6%27.0%18.8%17.4%
Bid-Ask Spread %118.58112.34145.38118.26119.67
Gamma HHI0.410.390.460.400.40
Net GEX4.1K3.7K4.7K3.9K4.7K
Net DEX-39.0K-45.0K-29.2K-43.0K-36.9K
Net VEX-219-241-179-241-205
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1717171717

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$65.38$0.0017.3%5.0%19.2%0.0%0.0%1.5%3.2%3.9K-43.0K-2410.00118.26N/AN/A00170
2023-04-04$64.83$0.0017.8%5.1%18.9%0.8%0.0%1.5%1.5%3.8K-41.3K-2390.00119.08N/AN/A00170
2023-04-05$64.65$0.0017.5%5.0%19.0%0.3%0.0%1.5%2.6%3.7K-38.7K-2360.00119.45N/AN/A00170
2023-04-06$64.45$0.0017.6%5.6%18.0%0.6%0.0%2.5%1.2%3.7K-37.0K-2250.00112.34N/AN/A00170
2023-04-10$64.60$0.0021.9%5.5%15.5%8.6%0.0%2.8%1.1%3.9K-37.2K-2220.00122.05N/AN/A00170
2023-04-11$64.87$0.0019.8%5.6%15.5%4.6%0.0%2.5%-0.2%4.0K-39.4K-2310.00113.61N/AN/A00170
2023-04-12$64.77$0.0018.5%5.3%15.4%2.2%0.0%2.0%-0.1%4.0K-38.8K-2180.00112.61N/AN/A00170
2023-04-13$65.66$0.0026.1%7.5%14.7%16.4%0.0%-1.1%-4.2%3.9K-45.0K-2370.00145.38N/AN/A00170
2023-04-14$65.46$0.0018.5%5.3%13.1%2.2%0.0%3.0%1.0%4.2K-41.7K-2260.00115.08N/AN/A00170
2023-04-17$65.46$0.0018.4%5.3%12.2%2.2%0.0%2.1%0.3%4.3K-41.3K-2240.00116.07N/AN/A00170
2023-04-18$65.78$0.0017.0%4.9%12.0%0.0%0.0%1.8%0.9%4.6K-42.9K-2290.00117.31N/AN/A00170
2023-04-19$65.48$0.0017.0%4.9%11.0%0.0%0.0%1.8%1.4%4.5K-41.2K-2210.00119.15N/AN/A00170
2023-04-20$65.21$0.0017.8%5.1%10.4%1.7%0.0%2.1%0.8%4.3K-40.1K-2160.00114.93N/AN/A00170
2023-04-21$65.25$0.0018.2%5.2%10.3%2.5%0.0%1.7%-0.6%4.4K-39.1K-2150.00116.51N/AN/A00170
2023-04-24$65.47$0.0017.5%5.0%10.3%1.0%0.0%2.1%1.2%4.5K-39.9K-2140.00117.95N/AN/A00170
2023-04-25$64.31$0.0021.1%6.0%12.4%8.3%0.0%2.0%-3.2%4.0K-34.5K-1970.00121.50N/AN/A00170
2023-04-26$63.77$0.0018.8%5.4%12.7%3.7%0.0%2.1%0.1%3.8K-29.2K-1790.00114.89N/AN/A00170
2023-04-27$64.92$0.0016.6%4.8%13.1%0.0%0.0%3.1%1.1%4.4K-33.1K-1940.00117.15N/AN/A00170
2023-04-28$65.39$0.0016.3%4.7%13.3%0.0%0.0%2.3%0.8%4.7K-36.9K-2050.00119.67N/AN/A00170