PWB Options History — June 2025

In June 2025, PWB traded between $111.20 and $117.40. ATM implied volatility averaged 15.9%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 2.3% (HV 20d: 13.6%). Max pain ranged from $95.00 to $95.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 18 of 20 days.

Notable Days

  • 2025-06-03: Largest IV drop — 35.1% change
  • 2025-06-02: Highest IV Rank — 27.9%
  • 2025-06-02: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$112.96$111.20$117.40$111.29$117.40
Max Pain$95.00$95.00$95.00$95.00$95.00
ATM IV15.9%13.4%24.4%24.4%13.4%
Expected Move4.6%3.8%7.0%7.0%3.8%
HV 20d13.6%11.6%16.1%15.7%13.4%
HV 60d37.2%36.0%39.1%39.1%36.0%
IV Rank9.4%3.9%27.9%27.9%3.9%
IV Percentile34.4%7.9%87.7%87.7%7.9%
Term Structure0.7%-14.8%2.5%-14.8%2.5%
Skew 25d2.4%-6.0%7.0%-6.0%1.8%
Skew 10d6.3%0.9%8.9%0.9%4.5%
Call IV 25d13.5%10.4%34.7%34.7%12.9%
Put IV 25d15.9%13.8%28.6%28.6%14.7%
Bid-Ask Spread %130.95119.63138.91128.20137.95
Gamma HHI1.000.981.001.001.00
Net GEX24908958950
Net DEX-23.1K-33.6K0-31.1K0
Net VEX-2-60-60
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI2.10330

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-06-02$111.29$95.0024.4%7.0%15.7%27.9%0.0%-6.0%-14.8%895-31.1K-60.00128.20N/AN/A0030
2025-06-03$112.12$95.0015.9%4.5%15.7%9.3%0.0%2.1%-0.2%395-32.8K-40.00119.63N/AN/A0030
2025-06-04$112.61$95.0014.9%4.3%15.6%7.2%0.0%1.6%0.4%326-33.1K-30.00123.27N/AN/A0030
2025-06-05$112.66$0.0015.6%4.8%15.6%8.7%0.0%4.9%1.1%322-33.2K-30.00121.02N/AN/A0030
2025-06-06$113.25$0.0014.8%4.5%15.6%7.1%0.0%3.8%2.2%215-33.6K-20.00125.56N/AN/A0030
2025-06-09$112.06$0.0015.3%4.6%16.1%8.0%0.0%3.2%1.8%326-33.1K-20.00128.64N/AN/A0030
2025-06-10$111.44$0.0016.2%4.5%13.7%10.1%0.0%2.2%1.8%406-32.7K-20.00129.29N/AN/A0030
2025-06-11$111.84$0.0015.7%4.5%11.6%8.9%0.0%2.3%1.6%364-32.9K-20.00129.68N/AN/A0030
2025-06-12$112.48$0.0016.1%4.6%11.6%9.9%0.0%4.1%1.6%241-33.4K-10.00132.16N/AN/A0030
2025-06-13$111.36$0.0017.7%5.1%12.4%13.2%0.0%2.7%1.2%467-32.5K-20.00129.19N/AN/A0030
2025-06-16$112.64$0.0015.1%4.3%12.6%7.6%0.0%3.2%2.3%199-33.5K-10.00133.13N/AN/A0030
2025-06-17$112.16$0.0017.2%4.9%12.7%12.3%0.0%2.8%1.2%286-33.2K-10.00130.19N/AN/A0030
2025-06-18$111.97$0.0016.2%4.7%12.5%10.1%0.0%3.2%1.8%268-33.2K-10.00133.63N/AN/A0030
2025-06-20$111.20$0.0017.1%4.9%11.8%12.0%0.0%2.8%0.5%275-33.1K00.00134.48N/AN/A0030
2025-06-23$112.80$0.0016.1%4.6%12.7%9.8%0.0%7.0%1.0%0000.00134.90N/AN/A0000
2025-06-24$114.78$0.0013.9%4.0%13.5%5.0%0.0%1.9%2.1%0000.00133.28N/AN/A0000
2025-06-25$114.00$0.0014.2%4.1%12.7%5.8%0.0%1.3%1.7%0000.00138.91N/AN/A0000
2025-06-26$115.25$0.0014.1%4.0%13.1%5.5%0.0%1.6%1.4%0000.00137.53N/AN/A0000
2025-06-27$115.87$0.0013.9%4.0%12.9%5.1%0.0%1.6%2.1%0000.00138.47N/AN/A0000
2025-06-30$117.40$0.0013.4%3.8%13.4%3.9%0.0%1.8%2.5%0000.00137.95N/AN/A0000