PWB Options History — May 2025

In May 2025, PWB traded between $101.84 and $110.39. ATM implied volatility averaged 19.6%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded below realized volatility by 10.0% (HV 20d: 29.5%). Max pain ranged from $95.00 to $95.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-05-08: Highest Volume — 10 contracts
  • 2025-05-14: Largest IV drop — 32.3% change
  • 2025-05-13: Highest IV Rank — 29.7%
  • 2025-05-01: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.27$101.84$110.39$101.84$110.19
Max Pain$95.00$95.00$95.00$95.00$95.00
ATM IV19.6%16.6%25.3%22.1%17.2%
Expected Move5.3%4.8%6.3%6.3%4.9%
HV 20d29.5%16.1%59.8%59.8%16.1%
HV 60d40.1%39.8%40.5%39.8%39.9%
IV Rank17.4%10.9%29.7%22.7%12.2%
IV Percentile66.3%46.4%91.3%81.0%50.4%
Term Structure0.5%-1.2%6.6%-1.2%-0.0%
VWIV19.5%16.0%23.1%23.1%16.0%
Skew 25d5.7%2.0%9.5%3.0%2.6%
Skew 10d5.7%4.2%8.1%5.9%6.0%
Call IV 25d14.1%12.4%18.3%18.3%14.3%
Put IV 25d19.9%15.1%23.3%21.3%16.8%
Bid-Ask Spread %116.84110.66127.06126.45119.56
Gamma HHI0.700.510.850.740.85
Net GEX1.5K6573.6K3.6K676
Net DEX-47.4K-97.4K-22.8K-86.7K-30.6K
Net VEX-37-116-8-116-8
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.52401000
Total OI5.286311113

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$101.84$0.0022.1%6.3%59.8%22.7%0.0%3.0%-1.2%3.6K-86.7K-1160.00126.45N/AN/A00110
2025-05-02$103.45$0.0019.8%5.7%55.8%17.8%0.0%2.9%1.1%3.2K-95.1K-920.00127.06N/AN/A00110
2025-05-05$103.47$95.0020.7%6.0%50.8%19.8%0.0%8.7%0.5%3.2K-95.1K-890.00110.66N/AN/A00110
2025-05-06$103.39$95.0021.6%6.1%50.3%21.7%0.0%9.0%0.7%3.2K-94.4K-890.00112.45N/AN/A00110
2025-05-07$103.56$95.0021.0%5.9%49.6%20.5%0.0%8.8%0.1%3.2K-95.4K-880.00111.23N/AN/A00110
2025-05-08$104.38$95.0024.2%5.7%32.1%27.4%23.1%8.5%6.6%3.0K-97.4K-800.00115.46N/AN/A100110
2025-05-09$103.84$95.0021.6%5.8%27.4%21.7%0.0%7.4%0.6%1.1K-22.8K-260.00112.77N/AN/A0030
2025-05-12$106.75$95.0023.7%4.9%27.6%26.3%0.0%5.7%1.9%917-27.2K-180.00117.68N/AN/A0030
2025-05-13$109.12$95.0025.3%4.8%28.1%29.7%0.0%5.3%0.9%748-29.3K-140.00114.42N/AN/A0030
2025-05-14$108.91$95.0017.1%4.9%28.0%12.0%16.0%2.0%1.0%825-28.5K-180.00114.92N/AN/A1030
2025-05-15$108.97$95.0016.9%4.8%25.0%11.5%0.0%2.4%-0.1%771-28.8K-160.00115.97N/AN/A0030
2025-05-16$109.98$95.0016.6%4.8%25.0%10.9%0.0%5.6%0.5%665-30.3K-120.00115.70N/AN/A0030
2025-05-19$110.39$95.0017.3%5.0%19.4%12.4%0.0%7.7%-0.1%657-30.1K-120.00115.16N/AN/A0030
2025-05-20$109.84$95.0017.3%5.0%17.7%12.5%0.0%7.4%-0.0%703-29.7K-130.00116.24N/AN/A0030
2025-05-21$108.45$95.0019.0%5.4%18.5%16.1%0.0%3.2%-0.7%849-28.1K-160.00115.88N/AN/A0030
2025-05-22$108.56$95.0017.9%5.1%17.1%13.8%0.0%2.6%-1.2%868-27.6K-180.00119.21N/AN/A0030
2025-05-23$107.97$95.0019.8%5.7%17.5%17.8%0.0%6.5%-1.0%861-28.0K-150.00115.77N/AN/A0030
2025-05-27$109.93$95.0017.5%5.0%18.1%12.8%0.0%9.5%0.4%708-30.0K-100.00118.25N/AN/A0030
2025-05-28$110.06$95.0017.7%5.1%18.1%13.3%0.0%3.5%-0.2%689-30.4K-90.00119.06N/AN/A0030
2025-05-29$109.61$95.0016.9%4.8%18.2%11.5%0.0%8.4%1.1%757-29.8K-100.00119.80N/AN/A0030
2025-05-30$110.19$95.0017.2%4.9%16.1%12.2%0.0%2.6%-0.0%676-30.6K-80.00119.56N/AN/A0030