PWB Options History — February 2025

In February 2025, PWB traded between $102.84 and $110.65. ATM implied volatility averaged 16.4%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 0.8% (HV 20d: 17.2%). Max pain ranged from $104.00 to $104.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 12 of 19 days.

Notable Days

  • 2025-02-19: Highest Volume — 1 contracts
  • 2025-02-28: Largest IV spike — 18.2% change
  • 2025-02-28: Highest IV Rank — 40.9%
  • 2025-02-28: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.86$102.84$110.65$107.41$103.52
Max Pain$104.00$104.00$104.00$104.00$104.00
ATM IV16.4%13.9%25.2%17.9%25.2%
Expected Move4.8%4.0%7.2%5.1%7.2%
HV 20d17.2%14.3%20.5%20.5%15.4%
HV 60d18.2%17.4%18.9%18.9%18.8%
IV Rank14.6%7.0%40.9%19.2%40.9%
IV Percentile54.4%27.8%96.4%79.8%96.4%
Term Structure-0.0%-7.2%2.0%-1.2%-7.2%
Skew 25d3.9%-0.3%6.5%6.5%1.6%
Skew 10d4.9%1.6%8.7%3.9%5.3%
Call IV 25d13.9%10.2%35.6%13.6%35.6%
Put IV 25d17.7%13.2%37.2%20.1%37.2%
Bid-Ask Spread %117.24109.14140.30127.05140.30
Gamma HHI0.570.510.710.640.51
Net GEX-482-1.6K-105-857-166
Net DEX-3.6K-6.8K1.1K-1.7K660
Net VEX-34-44-27-44-32
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.0530100
Total OI2.7372332

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$107.41$104.0017.9%5.1%20.5%19.2%0.0%6.5%-1.2%-857-1.7K-440.00127.05N/AN/A0012
2025-02-04$108.39$104.0016.4%4.7%20.1%14.5%0.0%1.6%0.3%-734-3.1K-410.00129.00N/AN/A0012
2025-02-05$108.58$104.0014.7%4.2%20.1%9.5%0.0%2.2%1.1%-703-3.9K-390.00131.24N/AN/A0012
2025-02-06$109.21$104.0014.6%4.5%18.7%9.0%0.0%6.5%0.4%-538-4.6K-370.00109.14N/AN/A0012
2025-02-07$108.94$104.0014.7%4.5%18.8%9.5%0.0%3.4%0.7%-587-4.4K-370.00109.33N/AN/A0012
2025-02-10$110.06$104.0013.9%4.4%17.8%7.0%0.0%4.1%0.8%-313-5.7K-330.00110.23N/AN/A0012
2025-02-11$109.50$104.0014.8%4.4%17.8%9.6%0.0%6.0%1.2%-460-5.2K-330.00110.79N/AN/A0012
2025-02-12$109.16$104.0015.7%4.5%18.0%12.3%0.0%5.4%1.2%-484-5.1K-340.00111.45N/AN/A0012
2025-02-13$110.25$104.0014.4%4.1%15.8%8.5%0.0%5.4%2.0%-105-6.3K-300.00111.95N/AN/A0012
2025-02-14$110.65$104.0013.9%4.0%15.8%7.0%0.0%1.2%1.8%-336-5.9K-310.00111.56N/AN/A0012
2025-02-18$110.44$104.0015.3%4.4%15.6%11.1%0.0%1.6%1.0%-309-6.3K-280.00112.69N/AN/A0012
2025-02-19$110.34$104.0014.0%4.0%15.3%7.3%0.0%3.6%2.0%-144-6.8K-270.00115.33N/AN/A0112
2025-02-20$109.09$104.0014.3%4.1%15.3%8.1%0.0%5.6%0.7%-290-5.8K-290.00116.04N/AN/A0012
2025-02-21$106.06$104.0016.5%4.7%18.4%14.8%0.0%-0.3%-0.4%-1.6K-1.4K-340.00116.85N/AN/A0012
2025-02-24$105.65$104.0016.7%4.8%18.4%15.4%0.0%6.5%-0.5%-342-2.4K-330.00116.63N/AN/A0011
2025-02-25$104.41$104.0018.9%5.4%15.7%22.2%0.0%6.0%-0.8%-397-929-340.00115.80N/AN/A0011
2025-02-26$104.75$104.0018.8%5.4%14.3%21.9%0.0%5.4%-1.9%-395-1.1K-330.00118.33N/AN/A0011
2025-02-27$102.84$104.0021.3%6.1%15.5%29.3%0.0%1.1%-1.8%-3711.1K-320.00113.79N/AN/A0011
2025-02-28$103.52$104.0025.2%7.2%15.4%40.9%0.0%1.6%-7.2%-166660-320.00140.30N/AN/A0011