PWB Options History — February 2024

In February 2024, PWB traded between $83.25 and $87.86. ATM implied volatility averaged 14.0%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 3.0% (HV 20d: 17.0%). Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days.

Notable Days

  • 2024-02-20: Largest IV spike — 28.7% change
  • 2024-02-20: Highest IV Rank — 16.7%
  • 2024-02-20: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$86.16$83.25$87.86$83.25$87.86
ATM IV14.0%12.2%16.5%14.6%13.2%
Expected Move4.0%3.7%4.7%4.1%3.8%
HV 20d17.0%13.1%20.7%13.1%19.2%
HV 60d13.7%12.4%15.1%12.4%15.0%
IV Rank8.9%3.4%16.7%10.7%6.4%
IV Percentile20.4%4.4%53.2%23.8%9.5%
Term Structure1.0%-1.8%5.7%1.1%0.6%
Skew 25d1.2%0.5%4.6%1.9%1.1%
Skew 10d1.7%0.9%2.3%2.3%1.3%
Call IV 25d12.3%11.0%14.2%11.0%14.1%
Put IV 25d13.5%12.1%15.7%12.9%15.2%
Bid-Ask Spread %118.53115.26123.63119.25123.62
Gamma HHI0.350.350.360.360.35
Net GEX1.1K9591.2K1.2K959
Net DEX-26.0K-28.9K-21.2K-21.2K-28.9K
Net VEX-59-72-46-72-46
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI44444

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$83.25$0.0014.6%4.1%13.1%10.7%0.0%1.9%1.1%1.2K-21.2K-720.00119.25N/AN/A0040
2024-02-02$85.09$0.0012.2%4.1%14.4%3.4%0.0%4.6%0.2%1.1K-24.3K-680.00115.62N/AN/A0040
2024-02-05$85.09$0.0014.5%4.1%14.3%10.4%0.0%1.3%1.3%1.1K-24.2K-660.00115.26N/AN/A0040
2024-02-06$84.63$0.0014.1%4.1%13.9%9.2%0.0%0.8%0.1%1.2K-23.5K-670.00115.82N/AN/A0040
2024-02-07$86.17$0.0013.9%4.0%14.7%8.6%0.0%1.2%1.6%1.1K-26.0K-610.00116.61N/AN/A0040
2024-02-08$86.30$0.0013.3%3.8%14.6%6.9%0.0%0.8%1.7%1.0K-26.3K-610.00118.87N/AN/A0040
2024-02-09$86.83$0.0013.1%3.8%14.6%6.3%0.0%0.8%1.5%1.0K-27.3K-570.00117.81N/AN/A0040
2024-02-12$86.34$0.0013.5%3.9%15.1%7.3%0.0%0.7%2.2%1.0K-26.2K-600.00116.92N/AN/A0040
2024-02-13$85.02$0.0015.3%4.4%16.5%12.8%0.0%0.9%0.5%1.1K-23.7K-670.00116.19N/AN/A0040
2024-02-14$86.48$0.0013.8%4.0%16.9%8.3%0.0%1.6%2.0%1.0K-26.0K-610.00118.50N/AN/A0040
2024-02-15$86.96$0.0014.3%4.1%16.6%9.8%0.0%0.9%2.2%1.0K-27.3K-560.00116.83N/AN/A0040
2024-02-16$86.31$0.0012.8%3.7%16.8%5.5%0.0%1.0%5.7%1.1K-26.3K-590.00117.80N/AN/A0040
2024-02-20$85.31$0.0016.5%4.7%17.6%16.7%0.0%1.2%-1.8%1.1K-24.3K-620.00116.70N/AN/A0040
2024-02-21$84.60$0.0015.9%4.6%18.0%14.8%0.0%1.4%-0.4%1.2K-23.0K-640.00118.20N/AN/A0040
2024-02-22$87.27$0.0014.9%4.3%20.7%11.6%0.0%1.2%-0.2%993-27.9K-510.00118.89N/AN/A0040
2024-02-23$87.36$0.0014.0%4.0%20.7%9.1%0.0%0.6%0.7%991-28.1K-500.00117.66N/AN/A0040
2024-02-26$87.63$0.0013.4%3.8%20.7%7.2%0.0%0.8%-0.2%964-28.8K-460.00123.01N/AN/A0040
2024-02-27$87.52$0.0013.0%3.7%20.6%6.0%0.0%0.9%1.0%984-28.4K-480.00123.31N/AN/A0040
2024-02-28$87.28$0.0013.5%3.9%20.7%7.4%0.0%0.5%0.2%1.0K-28.1K-490.00123.63N/AN/A0040
2024-02-29$87.86$0.0013.2%3.8%19.2%6.4%0.0%1.1%0.6%959-28.9K-460.00123.62N/AN/A0040