PWB Options History — May 2024

In May 2024, PWB traded between $85.12 and $90.37. ATM implied volatility averaged 14.5%, placing in the 10.5% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded below realized volatility by 0.3% (HV 20d: 14.8%). Max pain ranged from $80.00 to $92.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days.

Notable Days

  • 2024-05-15: Largest IV drop — 44.4% change
  • 2024-05-13: Highest IV Rank — 37.0%
  • 2024-05-02: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.75$85.12$90.37$85.38$88.22
Max Pain$81.64$80.00$92.00$92.00$80.00
ATM IV14.5%11.6%23.2%15.9%13.8%
Expected Move3.8%3.3%4.6%4.6%3.9%
HV 20d14.8%10.3%18.6%17.8%12.6%
HV 60d16.0%14.7%17.2%17.0%14.7%
IV Rank10.5%1.7%37.0%14.8%8.2%
IV Percentile32.8%1.6%97.2%57.9%26.6%
Term Structure1.0%-1.0%3.1%1.5%-0.0%
Skew 25d1.3%0.4%3.3%1.2%3.3%
Skew 10d1.7%1.0%2.3%1.5%1.8%
Call IV 25d11.6%10.6%15.5%15.1%12.3%
Put IV 25d13.0%11.3%17.1%16.3%15.6%
Bid-Ask Spread %121.37115.56143.77138.51121.07
Gamma HHI0.280.230.350.240.33
Net GEX2.6K2.1K3.2K2.4K2.9K
Net DEX-38.5K-43.7K-26.9K-27.0K-35.9K
Net VEX-62-75-51-74-53
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI6.5916776

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$85.38$92.0015.9%4.6%17.8%14.8%0.0%1.2%1.5%2.4K-27.0K-740.00138.51N/AN/A0070
2024-05-02$85.12$92.0016.2%4.6%17.3%15.7%0.0%1.6%-1.0%2.5K-26.9K-740.00139.93N/AN/A0070
2024-05-03$86.68$92.0014.1%4.1%17.9%9.4%0.0%1.2%0.2%2.6K-31.8K-750.00143.77N/AN/A0070
2024-05-06$87.84$80.0014.9%4.1%18.6%11.8%0.0%2.4%1.1%2.7K-35.3K-730.00115.56N/AN/A0070
2024-05-07$88.13$80.0015.2%4.1%18.5%12.6%0.0%1.4%1.3%2.8K-36.4K-720.00115.91N/AN/A0070
2024-05-08$88.25$80.0015.3%4.0%18.5%12.9%0.0%1.4%1.1%2.8K-36.9K-710.00116.62N/AN/A0070
2024-05-09$88.44$80.0017.4%4.0%18.1%19.2%0.0%2.1%1.2%2.8K-37.7K-690.00116.60N/AN/A0070
2024-05-10$88.67$80.0016.2%3.9%17.2%15.7%0.0%1.3%1.6%2.9K-38.3K-680.00116.67N/AN/A0070
2024-05-13$88.42$80.0023.2%4.0%15.9%37.0%0.0%1.2%1.1%2.9K-37.3K-670.00117.03N/AN/A0070
2024-05-14$88.74$80.0022.4%3.8%15.8%34.6%0.0%1.2%1.5%2.9K-38.5K-650.00117.61N/AN/A0070
2024-05-15$90.09$80.0012.5%3.6%16.0%4.3%0.0%1.3%1.8%3.2K-43.7K-600.00117.71N/AN/A0070
2024-05-16$89.83$80.0012.3%3.5%15.8%3.8%0.0%0.4%3.1%3.1K-43.0K-590.00117.93N/AN/A0070
2024-05-17$89.76$80.0012.3%3.5%13.0%3.9%0.0%0.8%0.2%3.1K-42.6K-590.00118.55N/AN/A0070
2024-05-20$90.28$80.0011.6%3.3%12.7%1.7%0.0%1.3%1.4%2.1K-43.4K-530.00118.80N/AN/A0060
2024-05-21$90.32$80.0011.9%3.4%11.8%2.5%0.0%0.9%1.1%2.1K-43.3K-540.00118.50N/AN/A0060
2024-05-22$89.94$80.0012.3%3.5%11.8%3.7%0.0%0.4%0.8%2.3K-42.4K-540.00119.11N/AN/A0060
2024-05-23$89.66$80.0012.2%3.5%11.7%3.4%0.0%1.0%0.8%2.4K-41.4K-560.00119.77N/AN/A0060
2024-05-24$90.37$80.0011.8%3.4%11.0%2.3%0.0%1.0%1.5%2.1K-43.6K-520.00119.62N/AN/A0060
2024-05-28$90.10$80.0012.0%3.5%10.7%3.0%0.0%1.3%1.1%2.2K-42.9K-510.00119.94N/AN/A0060
2024-05-29$89.96$80.0012.9%3.7%10.3%5.6%0.0%1.2%0.2%2.3K-42.5K-510.00120.30N/AN/A0060
2024-05-30$88.31$80.0012.5%3.6%12.7%4.3%0.0%1.3%0.9%2.9K-37.0K-550.00120.58N/AN/A0060
2024-05-31$88.22$80.0013.8%3.9%12.6%8.2%0.0%3.3%-0.0%2.9K-35.9K-530.00121.07N/AN/A0060