PWB Options History — December 2023

In December 2023, PWB traded between $74.53 and $77.94. ATM implied volatility averaged 14.2%, placing in the 5.1% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 3.4% (HV 20d: 10.8%). Max pain ranged from $75.00 to $75.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-12-14: Highest Volume — 2 contracts
  • 2023-12-13: Largest IV drop — 48.5% change
  • 2023-12-12: Highest IV Rank — 19.5%
  • 2023-12-06: Largest Expected Move — 4.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$76.55$74.53$77.94$75.59$77.67
Max Pain$75.00$75.00$75.00$75.00$75.00
ATM IV14.2%11.1%22.8%14.1%12.0%
Expected Move3.6%3.2%4.0%4.0%3.4%
HV 20d10.8%9.1%12.3%11.6%10.4%
HV 60d15.1%13.9%16.0%15.9%13.9%
IV Rank5.1%0.0%19.5%3.0%2.9%
IV Percentile18.2%0.0%83.7%6.7%2.4%
Term Structure1.7%-1.2%4.2%-1.2%1.6%
Skew 25d1.0%0.4%1.8%1.8%0.9%
Skew 10d1.5%0.8%3.8%3.8%1.0%
Call IV 25d12.0%11.0%15.2%15.2%12.9%
Put IV 25d13.1%12.1%16.9%16.9%13.9%
Bid-Ask Spread %128.86125.10133.54128.32133.54
Gamma HHI0.770.550.970.960.55
Net GEX8.1K85916.3K13.3K904
Net DEX-47.7K-105.4K-10.5K-73.5K-11.0K
Net VEX-70-106-39-106-64
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.10200
Total OI10.25318163

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$75.59$75.0014.1%4.0%11.6%3.0%0.0%1.8%-1.2%13.3K-73.5K-1060.00128.32N/AN/A00160
2023-12-04$74.83$0.0015.7%4.0%12.2%6.0%0.0%1.1%1.6%16.3K-58.5K-980.00126.84N/AN/A00160
2023-12-05$74.89$0.0016.4%3.9%12.2%7.3%0.0%1.6%1.4%14.3K-59.4K-940.00127.54N/AN/A00160
2023-12-06$74.53$0.0015.6%4.0%12.2%5.9%0.0%1.2%1.5%14.2K-52.0K-890.00127.01N/AN/A00160
2023-12-07$75.05$0.0017.4%3.9%12.3%9.4%0.0%1.4%1.4%14.8K-62.1K-860.00127.25N/AN/A00160
2023-12-08$75.53$0.0017.8%3.5%11.9%10.0%0.0%1.3%1.3%14.8K-72.0K-810.00128.84N/AN/A00160
2023-12-11$76.07$0.0022.0%3.8%10.8%18.0%0.0%1.1%1.9%14.5K-83.8K-610.00128.32N/AN/A00160
2023-12-12$76.44$0.0022.8%3.7%10.8%19.5%0.0%1.3%1.1%13.7K-93.2K-520.00133.44N/AN/A00160
2023-12-13$77.13$0.0011.8%3.4%9.1%0.0%0.0%1.0%2.8%9.8K-105.4K-400.00129.68N/AN/A00160
2023-12-14$76.26$0.0011.7%3.4%9.9%0.0%0.0%1.0%2.4%15.3K-90.7K-390.00129.56N/AN/A20160
2023-12-15$76.63$0.0011.4%3.3%10.0%0.0%0.0%0.9%1.7%13.6K-103.8K-680.00130.93N/AN/A00180
2023-12-18$77.44$0.0011.1%3.2%10.4%0.0%0.0%0.9%1.9%943-11.1K-660.00127.34N/AN/A0030
2023-12-19$77.65$0.0011.2%3.2%9.8%0.4%0.0%0.8%2.3%876-11.3K-660.00128.60N/AN/A0030
2023-12-20$76.95$0.0011.3%3.2%10.5%0.9%0.0%0.8%4.2%869-10.5K-660.00126.41N/AN/A0030
2023-12-21$77.44$0.0013.0%3.7%10.6%6.0%0.0%0.7%1.6%868-10.8K-640.00125.10N/AN/A0030
2023-12-22$77.52$0.0012.1%3.5%10.5%3.1%0.0%0.7%1.3%864-10.9K-650.00126.16N/AN/A0030
2023-12-26$77.76$0.0012.2%3.5%10.5%3.5%0.0%0.4%1.7%859-11.2K-650.00129.81N/AN/A0030
2023-12-27$77.70$0.0012.1%3.5%10.2%3.2%0.0%1.1%1.6%885-11.1K-640.00130.32N/AN/A0030
2023-12-28$77.94$0.0012.0%3.5%10.2%3.0%0.0%1.0%1.6%879-11.1K-640.00132.10N/AN/A0030
2023-12-29$77.67$0.0012.0%3.4%10.4%2.9%0.0%0.9%1.6%904-11.0K-640.00133.54N/AN/A0030