PWB Options History — January 2025

In January 2025, PWB traded between $100.52 and $108.07. ATM implied volatility averaged 17.9%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 2.5% (HV 20d: 20.4%). Max pain ranged from $100.00 to $104.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 18 of 20 days.

Notable Days

  • 2025-01-10: Largest IV spike — 160.7% change
  • 2025-01-10: Highest IV Rank — 100.0%
  • 2025-01-10: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$104.63$100.52$108.07$101.67$107.69
Max Pain$103.60$100.00$104.00$100.00$104.00
ATM IV17.9%13.7%44.8%17.0%15.5%
Expected Move4.5%3.9%5.2%4.9%4.4%
HV 20d20.4%18.3%22.5%19.9%20.5%
HV 60d17.7%16.4%19.3%16.4%18.9%
IV Rank20.2%6.5%100.0%21.2%11.8%
IV Percentile59.2%29.4%100.0%72.2%52.0%
Term Structure0.2%-3.8%1.4%0.2%0.7%
Skew 25d3.1%-1.4%6.4%1.0%0.8%
Skew 10d3.7%-6.6%7.0%2.8%4.2%
Call IV 25d13.0%10.7%25.9%14.4%13.5%
Put IV 25d16.1%12.4%24.5%15.3%14.3%
Bid-Ask Spread %125.33111.27157.57132.31126.72
Gamma HHI0.530.390.670.390.64
Net GEX-1.3K-2.4K-746-1.8K-826
Net DEX3.9K-3.0K13.8K10.4K-2.1K
Net VEX-55-68-45-68-45
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI3.553443

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$101.67$100.0017.0%4.9%19.9%21.2%0.0%1.0%0.2%-1.8K10.4K-680.00132.31N/AN/A0013
2025-01-03$103.26$100.0015.3%4.4%20.2%14.4%0.0%2.5%0.9%-1.6K6.1K-660.00136.04N/AN/A0013
2025-01-06$103.74$104.0014.9%4.4%20.3%12.9%0.0%6.0%0.8%-1.5K4.9K-640.00113.89N/AN/A0013
2025-01-07$101.93$104.0019.3%4.8%20.7%30.0%0.0%-0.3%-2.9%-1.8K9.9K-660.00135.83N/AN/A0013
2025-01-08$102.49$104.0017.2%4.9%19.9%21.8%0.0%5.6%0.6%-1.9K8.3K-630.00111.46N/AN/A0013
2025-01-10$101.01$104.0044.8%5.2%20.5%100.0%0.0%-1.4%-3.8%-1.3K12.8K-610.00157.57N/AN/A0013
2025-01-13$100.52$104.0022.7%5.1%19.5%33.6%0.0%5.3%0.3%-2.3K13.8K-570.00111.27N/AN/A0013
2025-01-14$100.93$104.0025.8%5.1%19.6%42.7%0.0%3.6%0.1%-2.4K12.4K-580.00111.49N/AN/A0013
2025-01-15$103.81$104.0014.9%4.3%22.4%9.9%0.0%4.4%1.4%-1.6K4.8K-580.00122.09N/AN/A0013
2025-01-16$104.09$104.0015.0%4.3%22.2%10.2%0.0%1.5%0.7%-1.5K4.2K-580.00123.44N/AN/A0013
2025-01-17$105.14$104.0014.7%4.2%22.5%9.4%0.0%2.7%0.9%-1.2K1.9K-560.00124.12N/AN/A0013
2025-01-21$106.31$104.0014.4%4.1%18.3%8.5%0.0%5.1%0.7%-1.0K-226-510.00125.32N/AN/A0012
2025-01-22$107.83$104.0014.1%4.0%18.8%7.6%0.0%1.8%0.7%-773-2.6K-470.00123.99N/AN/A0012
2025-01-23$108.07$104.0013.7%3.9%18.6%6.5%0.0%2.8%0.9%-746-3.0K-450.00125.65N/AN/A0012
2025-01-24$107.94$104.0013.9%4.0%18.6%6.9%0.0%1.7%1.1%-778-2.6K-460.00125.32N/AN/A0012
2025-01-27$104.85$104.0017.0%4.9%21.3%16.3%0.0%5.9%0.1%-1.1K2.7K-520.00124.22N/AN/A0012
2025-01-28$106.75$104.0015.7%4.5%22.2%12.5%0.0%6.4%0.7%-908-692-490.00125.82N/AN/A0012
2025-01-29$106.81$104.0016.6%4.7%21.0%15.0%0.0%6.1%0.0%-908-736-480.00124.22N/AN/A0012
2025-01-30$107.75$104.0015.5%4.4%21.0%11.8%0.0%1.3%0.8%-814-2.0K-450.00125.86N/AN/A0012
2025-01-31$107.69$104.0015.5%4.4%20.5%11.8%0.0%0.8%0.7%-826-2.1K-450.00126.72N/AN/A0012