PWB Options History — March 2024

In March 2024, PWB traded between $87.00 and $90.49. ATM implied volatility averaged 15.7%, placing in the 14.2% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 2.6% (HV 20d: 18.3%). Max pain ranged from $88.00 to $88.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2024-03-05: Highest Volume — 5 contracts
  • 2024-03-11: Largest IV spike — 77.6% change
  • 2024-03-11: Highest IV Rank — 59.9%
  • 2024-03-11: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.81$87.00$90.49$88.97$89.42
Max Pain$88.00$88.00$88.00$88.00$88.00
ATM IV15.7%11.8%30.8%13.5%11.8%
Expected Move4.0%3.4%4.6%3.9%3.4%
HV 20d18.3%15.9%20.5%18.9%16.0%
HV 60d16.1%14.9%16.6%14.9%16.0%
IV Rank14.2%2.2%59.9%7.5%2.2%
IV Percentile37.2%2.4%98.0%16.7%2.4%
Term Structure1.0%-0.3%2.7%0.0%2.7%
VWIV13.8%13.4%14.1%14.1%13.4%
Skew 25d2.0%-0.6%3.9%0.8%3.9%
Skew 10d2.0%1.3%2.8%1.9%2.3%
Call IV 25d12.2%11.1%14.1%14.1%12.0%
Put IV 25d14.2%12.0%15.9%14.9%15.9%
Bid-Ask Spread %123.57119.75129.18123.55129.18
Gamma HHI0.570.280.750.360.28
Net GEX5.6K84112.9K84112.5K
Net DEX-58.4K-95.9K-27.3K-30.6K-94.9K
Net VEX-100-144-39-39-137
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.80502
Total OI9.65416416

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$88.97$0.0013.5%3.9%18.9%7.5%0.0%0.8%0.0%841-30.6K-390.00123.55N/AN/A0040
2024-03-04$88.88$0.0014.6%4.0%17.6%10.8%0.0%0.9%1.5%857-30.5K-400.00122.58N/AN/A0040
2024-03-05$87.00$0.0017.0%4.4%19.5%18.0%14.1%1.9%0.7%1.0K-27.3K-520.00122.67N/AN/A5040
2024-03-06$87.88$88.0017.0%4.2%19.6%17.9%0.0%2.0%1.5%4.4K-51.5K-1070.00121.01N/AN/A2090
2024-03-07$88.94$88.0016.9%4.2%19.0%17.7%0.0%1.9%0.3%4.3K-54.6K-1100.00119.75N/AN/A0090
2024-03-08$87.85$88.0017.3%4.3%19.7%19.1%0.0%-0.6%2.2%4.5K-49.0K-1130.00120.38N/AN/A0090
2024-03-11$87.31$88.0030.8%4.6%19.7%59.9%0.0%3.9%0.1%4.7K-45.2K-1120.00120.66N/AN/A0090
2024-03-12$88.85$88.0022.9%4.1%20.5%35.9%0.0%1.6%0.5%4.6K-54.9K-1020.00121.38N/AN/A0090
2024-03-13$88.59$88.0014.0%4.0%19.6%9.1%0.0%1.1%1.1%4.9K-53.8K-1040.00122.88N/AN/A0090
2024-03-14$88.56$88.0014.5%4.1%18.8%10.4%0.0%-0.6%0.6%4.8K-53.4K-1030.00123.75N/AN/A0090
2024-03-15$87.34$88.0015.7%4.5%19.4%14.0%0.0%1.1%-0.2%5.0K-46.1K-1080.00121.91N/AN/A0090
2024-03-18$88.41$88.0015.5%4.5%19.7%13.6%0.0%1.1%1.1%4.9K-52.7K-990.00122.60N/AN/A0090
2024-03-19$88.72$88.0014.5%4.1%19.1%10.4%0.0%1.7%-0.1%5.0K-54.1K-960.00123.74N/AN/A1090
2024-03-20$89.70$88.0013.8%4.0%18.9%8.4%0.0%3.3%-0.3%5.3K-65.0K-980.00124.70N/AN/A00100
2024-03-21$90.49$88.0013.6%3.9%15.9%7.7%0.0%3.0%0.9%4.8K-70.3K-900.00124.68N/AN/A00100
2024-03-22$90.19$88.0013.4%3.8%16.0%7.1%13.7%3.9%1.1%5.2K-68.4K-910.00125.30N/AN/A30100
2024-03-25$89.90$88.0012.6%3.6%16.1%4.8%13.4%3.5%1.1%8.8K-80.2K-1180.00125.04N/AN/A30130
2024-03-26$89.70$88.0012.0%3.4%16.1%2.8%0.0%3.2%2.0%11.5K-95.9K-1410.00126.98N/AN/A00160
2024-03-27$89.42$88.0013.1%3.8%16.1%6.3%0.0%2.4%2.2%12.9K-90.4K-1440.00128.60N/AN/A00160
2024-03-28$89.42$88.0011.8%3.4%16.0%2.2%0.0%3.9%2.7%12.5K-94.9K-1370.00129.18N/AN/A20160