PWB Options History — June 2023

In June 2023, PWB traded between $66.58 and $70.67. ATM implied volatility averaged 19.4%, placing in the 9.8% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 5.8% (HV 20d: 13.6%). Max pain ranged from $67.00 to $68.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days.

Notable Days

  • 2023-06-07: Largest IV spike — 109.8% change
  • 2023-06-08: Highest IV Rank — 50.9%
  • 2023-06-02: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$68.57$66.58$70.67$66.61$70.67
Max Pain$67.88$67.00$68.00$67.00$68.00
ATM IV19.4%13.4%40.6%15.4%13.4%
Expected Move4.3%3.8%4.9%4.4%3.8%
HV 20d13.6%12.1%15.2%14.2%12.6%
HV 60d14.0%13.3%15.7%15.5%13.3%
IV Rank9.8%0.0%50.9%1.7%0.0%
IV Percentile17.5%0.0%92.5%1.6%0.0%
Term Structure1.1%-1.1%3.4%1.1%1.7%
Skew 25d1.4%-10.0%12.1%0.4%0.7%
Skew 10d2.3%-9.8%22.9%2.1%-1.7%
Call IV 25d14.9%12.1%24.6%18.6%14.5%
Put IV 25d16.4%11.5%33.4%18.9%15.1%
Bid-Ask Spread %120.03116.15130.18118.78120.49
Gamma HHI0.670.361.000.381.00
Net GEX9.6K5.8K15.9K5.9K7.3K
Net DEX-86.8K-136.9K-41.7K-41.7K-121.7K
Net VEX-189-245-138-166-138
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI21.33317281721

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$66.61$67.0015.4%4.4%14.2%1.7%0.0%0.4%1.1%5.9K-41.7K-1660.00118.78N/AN/A00170
2023-06-02$67.50$67.0017.2%4.9%14.1%5.1%0.0%1.8%-1.1%6.8K-49.6K-1700.00118.76N/AN/A00170
2023-06-05$67.47$0.0018.6%4.6%12.7%7.9%0.0%1.5%1.9%7.0K-49.4K-1640.00116.15N/AN/A00170
2023-06-06$67.30$0.0018.5%4.4%12.8%7.7%0.0%1.4%1.3%6.9K-46.3K-1600.00118.45N/AN/A00170
2023-06-07$66.58$0.0038.8%4.3%13.5%47.3%0.0%12.1%3.4%5.8K-45.8K-1630.00130.18N/AN/A00170
2023-06-08$67.23$0.0040.6%4.3%13.8%50.9%0.0%-10.0%1.9%6.5K-46.3K-1600.00118.72N/AN/A00170
2023-06-09$67.61$0.0020.9%4.3%13.6%12.4%0.0%2.1%-0.8%6.9K-51.3K-1580.00121.15N/AN/A00170
2023-06-12$68.42$68.0028.3%4.2%14.1%26.9%0.0%2.8%1.3%14.2K-105.1K-2450.00119.42N/AN/A00280
2023-06-13$68.65$68.0030.5%4.3%14.1%31.1%0.0%1.2%0.8%13.9K-107.9K-2400.00117.76N/AN/A00280
2023-06-14$68.79$68.0015.5%4.4%13.9%1.9%0.0%1.4%0.9%14.2K-111.5K-2320.00120.22N/AN/A00280
2023-06-15$70.02$68.0015.8%4.5%14.7%2.4%0.0%5.2%0.6%14.1K-136.9K-2090.00117.92N/AN/A00280
2023-06-16$69.64$68.0015.4%4.4%14.7%1.7%0.0%3.2%1.9%15.9K-129.0K-2090.00118.79N/AN/A00280
2023-06-20$69.05$68.0016.1%4.6%15.2%3.0%0.0%1.6%0.8%8.8K-94.8K-2060.00118.56N/AN/A00210
2023-06-21$69.12$68.0015.3%4.4%15.0%1.5%0.0%1.6%1.8%9.2K-96.1K-2040.00119.66N/AN/A00210
2023-06-22$69.22$68.0014.9%4.3%13.5%0.7%0.0%2.0%1.3%9.2K-97.2K-2000.00119.98N/AN/A00210
2023-06-23$68.84$68.0014.4%4.1%13.4%0.0%0.0%1.2%1.1%10.1K-92.2K-2020.00121.83N/AN/A00210
2023-06-26$68.74$68.0014.6%4.2%12.9%0.5%0.0%1.1%1.2%10.3K-91.7K-1970.00121.81N/AN/A00210
2023-06-27$69.53$68.0013.8%4.0%12.1%0.0%0.0%1.1%1.0%9.4K-101.6K-1840.00121.13N/AN/A00210
2023-06-28$69.33$68.0014.7%4.2%12.2%1.7%0.0%0.6%0.9%9.9K-101.0K-1800.00121.44N/AN/A00210
2023-06-29$69.75$68.0014.7%4.2%12.1%1.7%0.0%-2.9%1.0%9.4K-106.4K-1720.00119.53N/AN/A00210
2023-06-30$70.67$68.0013.4%3.8%12.6%0.0%0.0%0.7%1.7%7.3K-121.7K-1380.00120.49N/AN/A00210