PWB Options History — April 2025

In April 2025, PWB traded between $85.15 and $99.40. ATM implied volatility averaged 29.8%, placing in the 42.5% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 22.4% (HV 20d: 52.2%). Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-04-10: Highest Volume — 10 contracts
  • 2025-04-09: Largest IV drop — 56.5% change
  • 2025-04-07: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$93.87$85.15$99.40$96.81$99.08
ATM IV29.8%22.5%57.7%22.5%24.6%
Expected Move7.8%5.7%11.6%5.7%7.1%
HV 20d52.2%32.2%60.2%32.2%59.2%
HV 60d35.1%23.7%39.4%23.8%39.4%
IV Rank42.5%25.4%100.0%32.9%28.4%
IV Percentile94.2%86.5%100.0%91.3%88.9%
Term Structure-3.2%-11.2%-0.6%-2.5%-2.6%
Skew 25d6.1%-1.8%16.1%6.7%9.2%
Skew 10d6.2%0.0%16.2%4.7%6.3%
Call IV 25d21.5%13.3%27.3%18.0%19.0%
Put IV 25d27.6%20.8%42.9%24.7%28.2%
Bid-Ask Spread %125.97111.85143.32117.81128.89
Gamma HHI0.930.811.001.000.81
Net GEX2.5K734.2K2854.1K
Net DEX-34.2K-75.0K-385-1.1K-73.3K
Net VEX-96-168-4-9-134
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.47601000
Total OI7.19111111

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$96.81$0.0022.5%5.7%32.2%32.9%0.0%6.7%-2.5%285-1.1K-90.00117.81N/AN/A0010
2025-04-02$98.02$0.0025.0%5.7%32.5%40.3%0.0%7.5%-0.6%389-1.6K-110.00120.87N/AN/A0010
2025-04-03$92.59$0.0026.5%7.1%35.7%44.9%0.0%6.2%-1.2%157-668-60.00130.06N/AN/A0010
2025-04-04$87.49$0.0034.8%7.8%40.4%70.0%0.0%1.9%-2.8%78-385-40.00122.42N/AN/A0010
2025-04-07$86.39$0.0052.6%10.3%38.7%100.0%0.0%4.9%-3.9%83-497-40.00132.28N/AN/A0010
2025-04-08$85.15$0.0057.7%11.6%38.6%100.0%0.0%15.6%-5.2%73-450-40.00111.85N/AN/A0010
2025-04-09$95.17$0.0025.1%7.2%56.6%29.4%0.0%3.6%-10.1%157-676-60.00143.32N/AN/A0010
2025-04-10$91.32$0.0036.2%10.4%58.0%53.3%0.0%16.1%-4.6%139-728-60.00115.48N/AN/A10010
2025-04-11$93.75$0.0030.6%8.8%58.1%41.2%0.0%4.3%-11.2%4.0K-41.8K-1640.00135.72N/AN/A00110
2025-04-14$94.77$0.0025.7%7.4%57.7%30.6%0.0%4.3%-1.7%3.6K-54.2K-1670.00140.82N/AN/A00110
2025-04-15$94.51$0.0024.8%7.1%57.2%28.6%0.0%3.7%-2.2%4.2K-51.3K-1680.00132.35N/AN/A00110
2025-04-16$91.92$0.0029.6%8.5%57.1%39.1%0.0%4.7%-3.3%3.5K-41.0K-1570.00130.54N/AN/A00110
2025-04-17$92.88$0.0026.8%7.7%57.4%33.0%0.0%4.3%-1.1%3.8K-44.3K-1610.00133.43N/AN/A00110
2025-04-21$89.75$0.0031.0%8.9%58.4%42.1%0.0%4.7%-3.2%3.4K-29.4K-1360.00112.94N/AN/A00110
2025-04-22$92.98$0.0029.0%8.3%59.1%37.9%0.0%9.5%-2.6%3.9K-43.2K-1530.00116.48N/AN/A00110
2025-04-23$95.01$0.0027.2%7.8%59.8%34.0%0.0%-1.8%-1.8%4.2K-53.4K-1560.00121.95N/AN/A00110
2025-04-24$97.51$0.0025.0%7.2%60.2%29.1%0.0%8.7%-2.1%4.1K-64.9K-1530.00121.36N/AN/A00110
2025-04-25$98.17$0.0023.7%6.8%60.2%26.4%0.0%6.2%-1.2%4.2K-69.2K-1460.00124.14N/AN/A00110
2025-04-28$98.56$0.0023.3%6.7%59.2%25.4%0.0%4.0%-1.8%4.2K-70.7K-1370.00125.80N/AN/A00110
2025-04-29$99.40$0.0023.4%6.7%59.2%25.7%0.0%3.9%-1.6%4.2K-75.0K-1310.00126.91N/AN/A00110
2025-04-30$99.08$0.0024.6%7.1%59.2%28.4%0.0%9.2%-2.6%4.1K-73.3K-1340.00128.89N/AN/A00110