PWB Options History — July 2025

In July 2025, PWB traded between $115.84 and $119.33. ATM implied volatility averaged 14.0%, placing in the 5.2% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 0.6% (HV 20d: 13.4%). Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-07-02: Highest Volume — 1 contracts
  • 2025-07-07: Largest IV spike — 18.6% change
  • 2025-07-07: Highest IV Rank — 9.1%
  • 2025-07-07: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.54$115.84$119.33$115.84$119.33
ATM IV14.0%12.1%15.8%13.9%13.5%
Expected Move4.0%3.5%4.7%4.0%3.9%
HV 20d13.4%9.7%15.3%14.4%9.8%
HV 60d19.4%13.4%34.0%34.0%13.4%
IV Rank5.2%1.1%9.1%5.1%4.2%
IV Percentile14.3%0.8%33.7%13.9%9.1%
Term Structure1.1%0.4%2.6%0.8%1.1%
VWIV13.7%13.7%13.7%13.7%13.7%
Skew 25d2.3%1.2%5.7%1.4%2.1%
Skew 10d4.3%2.1%8.0%3.0%6.7%
Call IV 25d12.1%11.0%13.9%13.6%13.4%
Put IV 25d14.4%13.2%17.3%15.0%15.5%
Bid-Ask Spread %135.45120.27144.56141.93142.29
Gamma HHI0.950.651.001.001.00
Net GEX1.1K02.2K0480
Net DEX-7.2K-16.0K00-6.6K
Net VEX-19-3300-29
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.1360100
Total OI1.0450201

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$115.84$0.0013.9%4.0%14.4%5.1%0.0%1.4%0.8%0000.00141.93N/AN/A0000
2025-07-02$116.02$0.0013.4%3.8%14.2%4.0%13.7%1.2%1.8%0000.00138.63N/AN/A1000
2025-07-03$117.56$0.0013.3%4.3%14.8%3.8%0.0%5.1%1.2%1.4K-8.0K-80.00120.27N/AN/A0010
2025-07-07$117.16$0.0015.8%4.7%14.9%9.1%0.0%3.6%0.7%1.5K-7.6K-80.00121.79N/AN/A0010
2025-07-08$116.25$0.0015.1%4.4%15.3%7.6%0.0%2.4%0.8%1.6K-6.4K-80.00126.63N/AN/A0010
2025-07-09$117.24$0.0014.8%4.2%14.8%6.9%0.0%2.2%1.1%1.5K-7.8K-70.00129.62N/AN/A0010
2025-07-10$116.95$0.0014.7%4.2%14.6%6.7%0.0%3.9%1.1%1.6K-7.4K-70.00130.58N/AN/A0010
2025-07-11$116.07$0.0014.8%4.2%15.0%6.9%0.0%1.7%1.4%1.7K-6.1K-60.00132.36N/AN/A0010
2025-07-14$116.91$0.0015.2%4.4%15.1%7.9%0.0%1.6%0.9%1.7K-7.4K-50.00131.36N/AN/A0010
2025-07-15$116.89$0.0014.9%4.3%14.4%7.2%0.0%1.8%1.0%1.7K-7.3K-40.00132.59N/AN/A1010
2025-07-16$117.22$0.0014.8%4.2%14.0%7.0%0.0%5.7%0.9%2.2K-13.6K-330.00133.36N/AN/A0020
2025-07-17$118.10$0.0014.1%4.1%14.0%5.6%0.0%2.9%1.3%2.0K-15.5K-320.00134.23N/AN/A0020
2025-07-18$118.15$0.0014.3%4.1%13.9%5.9%0.0%1.6%0.9%2.0K-16.0K-310.00135.42N/AN/A1020
2025-07-21$118.11$0.0014.1%4.1%13.5%5.6%0.0%1.7%1.3%451-6.1K-300.00139.53N/AN/A0010
2025-07-22$116.85$0.0014.4%4.1%13.6%6.1%0.0%1.7%0.4%463-5.5K-300.00138.05N/AN/A0010
2025-07-23$117.64$0.0013.4%3.8%12.5%4.0%0.0%1.9%0.8%476-5.9K-300.00139.58N/AN/A0010
2025-07-24$118.38$0.0012.7%3.6%12.2%2.3%0.0%1.5%2.6%465-6.2K-300.00139.53N/AN/A0010
2025-07-25$119.05$0.0012.6%3.6%11.9%2.3%0.0%1.3%1.6%469-6.5K-300.00141.16N/AN/A0010
2025-07-28$118.81$0.0012.1%3.5%11.8%1.1%0.0%1.6%1.5%481-6.4K-290.00144.56N/AN/A0010
2025-07-29$118.63$0.0012.5%3.6%11.0%2.1%0.0%1.8%1.5%485-6.3K-290.00143.64N/AN/A0010
2025-07-30$118.69$0.0013.4%3.8%9.7%3.9%0.0%2.0%0.6%464-6.3K-290.00142.76N/AN/A0010
2025-07-31$119.33$0.0013.5%3.9%9.8%4.2%0.0%2.1%1.1%480-6.6K-290.00142.29N/AN/A0010