PWB Options History — August 2023

In August 2023, PWB traded between $69.05 and $71.95. ATM implied volatility averaged 16.2%, placing in the 5.3% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 5.0% (HV 20d: 11.2%). Max pain ranged from $68.00 to $71.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 22 of 23 days.

Notable Days

  • 2023-08-17: Highest Volume — 4 contracts
  • 2023-08-29: Largest IV drop — 17.2% change
  • 2023-08-18: Highest IV Rank — 9.3%
  • 2023-08-18: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.33$69.05$71.95$71.67$71.95
Max Pain$68.26$68.00$71.00$71.00$68.00
ATM IV16.2%13.4%18.3%14.7%14.6%
Expected Move4.6%3.8%5.2%4.2%4.2%
HV 20d11.2%9.4%14.0%9.4%13.5%
HV 60d11.9%11.2%12.3%11.9%12.0%
IV Rank5.3%0.0%9.3%2.5%2.3%
IV Percentile16.7%0.0%31.0%5.2%4.0%
Term Structure1.5%-1.4%7.5%0.2%0.6%
VWIV16.9%16.0%17.8%17.8%16.0%
Skew 25d1.9%0.5%3.6%1.3%1.5%
Skew 10d3.0%1.5%4.0%2.2%2.1%
Call IV 25d14.5%12.9%17.2%15.5%15.8%
Put IV 25d16.4%14.9%17.9%16.8%17.3%
Bid-Ask Spread %118.48111.97125.86122.55125.86
Gamma HHI0.380.320.440.440.42
Net GEX6.5K5.5K7.4K6.8K5.8K
Net DEX-78.9K-103.2K-54.4K-100.3K-103.2K
Net VEX-288-327-246-309-248
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.3040400
Total OI27.69626292628

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$71.67$71.0014.7%4.2%9.4%2.5%0.0%1.3%0.2%6.8K-100.3K-3090.00122.55N/AN/A00251
2023-08-02$70.81$71.0016.0%4.6%10.3%4.9%0.0%0.8%0.6%6.7K-91.0K-3270.00121.43N/AN/A00251
2023-08-03$70.75$68.0016.6%4.8%9.8%6.2%0.0%3.2%1.2%6.8K-89.3K-3110.00113.22N/AN/A00251
2023-08-04$69.95$68.0016.7%4.8%10.7%6.2%0.0%1.9%1.5%7.3K-79.1K-3120.00113.23N/AN/A00251
2023-08-07$70.67$68.0017.5%4.6%11.0%7.9%0.0%1.8%1.4%7.0K-86.3K-3020.00114.08N/AN/A00251
2023-08-08$70.60$68.0018.1%4.7%10.8%9.0%0.0%3.6%1.3%6.8K-85.7K-2970.00112.99N/AN/A00251
2023-08-09$70.39$68.0017.5%5.0%10.6%7.9%17.8%2.1%-1.4%7.2K-82.8K-2890.00111.97N/AN/A03251
2023-08-10$70.31$68.0016.1%4.6%10.4%5.1%0.0%1.9%2.6%5.8K-78.6K-3200.00112.25N/AN/A00254
2023-08-11$70.36$68.0015.2%4.4%10.3%3.4%0.0%3.3%2.2%5.6K-75.0K-3060.00113.14N/AN/A00254
2023-08-14$70.77$68.0015.7%4.5%10.1%4.4%0.0%1.9%1.6%5.5K-78.5K-3080.00113.51N/AN/A00254
2023-08-15$70.25$68.0017.1%4.9%9.9%7.1%0.0%1.5%1.1%5.6K-74.7K-3010.00114.87N/AN/A00254
2023-08-16$70.09$68.0016.7%4.8%9.9%6.3%0.0%1.7%1.6%5.7K-74.2K-3030.00113.01N/AN/A00254
2023-08-17$69.05$68.0015.9%4.6%10.8%4.8%16.0%0.5%7.5%6.7K-58.5K-2910.00113.45N/AN/A04254
2023-08-18$69.21$68.0018.3%5.2%10.7%9.3%0.0%1.8%0.5%6.3K-54.4K-2890.00120.31N/AN/A00254
2023-08-21$69.55$68.0016.6%4.7%11.0%6.0%0.0%2.1%1.0%7.0K-66.1K-2780.00121.97N/AN/A00253
2023-08-22$69.39$68.0016.4%4.7%10.8%5.8%0.0%1.3%2.3%7.0K-65.6K-2750.00123.01N/AN/A00253
2023-08-23$70.17$68.0015.9%4.6%11.4%4.9%0.0%2.0%1.0%6.8K-74.4K-2720.00122.45N/AN/A00253
2023-08-24$69.06$68.0015.6%4.5%12.3%4.3%0.0%1.5%2.8%7.4K-63.5K-2540.00121.35N/AN/A00253
2023-08-25$69.78$68.0016.4%4.7%12.8%5.8%0.0%1.7%0.9%7.0K-72.2K-2740.00123.94N/AN/A00253
2023-08-28$70.11$68.0016.2%4.6%12.9%5.3%0.0%1.9%1.0%7.0K-76.6K-2650.00125.78N/AN/A00253
2023-08-29$71.17$68.0013.4%3.8%14.0%0.0%0.0%3.0%3.8%6.0K-88.5K-2460.00125.71N/AN/A00253
2023-08-30$71.53$68.0014.7%4.2%13.4%2.6%0.0%1.7%0.4%5.9K-96.7K-2570.00124.93N/AN/A00253
2023-08-31$71.95$68.0014.6%4.2%13.5%2.3%0.0%1.5%0.6%5.8K-103.2K-2480.00125.86N/AN/A00253