PWB Options History — September 2023

In September 2023, PWB traded between $67.32 and $72.34. ATM implied volatility averaged 17.0%, placing in the 7.1% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 3.7% (HV 20d: 13.3%). Max pain ranged from $68.00 to $68.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days.

Notable Days

  • 2023-09-13: Largest IV drop — 43.3% change
  • 2023-09-12: Highest IV Rank — 23.3%
  • 2023-09-27: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.03$67.32$72.34$72.06$67.77
Max Pain$68.00$68.00$68.00$68.00$68.00
ATM IV17.0%13.3%25.6%14.8%15.8%
Expected Move4.5%3.8%5.7%4.2%4.5%
HV 20d13.3%12.3%15.3%12.7%12.7%
HV 60d11.8%11.2%12.4%11.7%12.3%
IV Rank7.1%0.0%23.3%2.8%4.9%
IV Percentile25.5%0.0%64.7%8.3%19.8%
Term Structure1.0%-0.2%2.4%0.2%0.4%
Skew 25d1.7%1.1%4.6%1.4%1.3%
Skew 10d2.4%1.5%3.1%2.1%2.3%
Call IV 25d13.6%9.8%15.8%15.7%15.2%
Put IV 25d15.3%13.5%18.0%17.1%16.5%
Bid-Ask Spread %123.20119.21126.94125.00125.81
Gamma HHI0.710.341.000.431.00
Net GEX4.4K2.3K6.6K5.7K2.7K
Net DEX-56.9K-108.1K-9.1K-105.3K-11.0K
Net VEX-165-244-77-244-86
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI21.515282815

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$72.06$68.0014.8%4.2%12.7%2.8%0.0%1.4%0.2%5.7K-105.3K-2440.00125.00N/AN/A00253
2023-09-05$72.09$0.0017.0%4.3%12.3%7.0%0.0%4.6%0.0%5.3K-105.0K-2290.00121.18N/AN/A00253
2023-09-06$71.83$0.0017.2%4.5%12.4%7.2%0.0%1.7%1.0%5.4K-102.3K-2330.00119.21N/AN/A00253
2023-09-07$71.69$0.0018.5%4.5%12.3%9.7%0.0%1.9%1.2%5.6K-100.4K-2340.00124.12N/AN/A00253
2023-09-08$71.68$0.0017.9%4.3%12.3%8.6%0.0%1.9%1.4%5.5K-102.6K-2330.00121.37N/AN/A00253
2023-09-11$72.34$0.0022.6%4.4%12.7%17.7%0.0%1.4%1.1%5.1K-108.1K-2210.00122.58N/AN/A00253
2023-09-12$71.28$0.0025.6%4.2%13.8%23.3%0.0%1.4%2.0%5.7K-96.1K-2040.00122.04N/AN/A00253
2023-09-13$71.07$0.0014.5%4.2%13.5%2.1%0.0%1.5%1.2%5.4K-93.5K-2010.00122.31N/AN/A00253
2023-09-14$71.33$0.0014.4%4.1%13.5%2.0%0.0%1.1%1.2%4.8K-97.8K-2030.00123.62N/AN/A00253
2023-09-15$70.14$0.0013.3%3.8%13.8%0.0%0.0%1.1%2.3%6.6K-75.3K-1660.00124.61N/AN/A00253
2023-09-18$70.20$0.0014.5%4.2%13.8%2.3%0.0%1.6%1.7%4.7K-23.6K-1620.00124.97N/AN/A00150
2023-09-19$70.23$0.0015.3%4.4%13.7%3.8%0.0%1.9%0.9%4.5K-26.6K-1690.00123.59N/AN/A00150
2023-09-20$69.61$0.0014.2%4.1%14.1%1.8%0.0%1.4%0.5%4.2K-18.7K-1330.00126.94N/AN/A00150
2023-09-21$68.19$0.0015.8%4.5%15.3%4.8%0.0%1.6%2.2%3.0K-13.0K-1050.00123.20N/AN/A00150
2023-09-22$68.20$0.0016.7%4.8%14.3%6.5%0.0%1.7%0.9%3.1K-14.7K-1150.00121.78N/AN/A00150
2023-09-25$68.16$0.0018.5%5.3%13.7%10.0%0.0%1.6%-0.2%3.0K-12.8K-1010.00123.24N/AN/A00150
2023-09-26$67.32$0.0016.5%4.7%14.0%6.3%0.0%1.3%2.4%2.3K-9.1K-770.00122.87N/AN/A00150
2023-09-27$67.38$0.0019.8%5.7%12.6%12.5%0.0%2.3%-0.1%2.5K-10.2K-870.00122.12N/AN/A00150
2023-09-28$68.06$0.0018.0%5.2%13.1%9.1%0.0%1.5%-0.1%2.9K-11.9K-990.00123.35N/AN/A00150
2023-09-29$67.77$0.0015.8%4.5%12.7%4.9%0.0%1.3%0.4%2.7K-11.0K-860.00125.81N/AN/A00150