PWB Options History — August 2025

In August 2025, PWB traded between $116.83 and $120.72. ATM implied volatility averaged 16.7%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 3.0% (HV 20d: 13.6%). Max pain ranged from $120.00 to $120.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-08-07: Highest Volume — 80 contracts
  • 2025-08-13: Largest IV drop — 35.6% change
  • 2025-08-01: Highest IV Rank — 22.3%
  • 2025-08-01: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$119.24$116.83$120.72$116.83$119.17
Max Pain$120.00$120.00$120.00$120.00$120.00
ATM IV16.7%13.8%21.9%21.9%15.2%
Expected Move4.6%3.9%6.3%6.3%4.4%
HV 20d13.6%11.7%14.3%11.7%12.2%
HV 60d13.4%12.7%14.7%14.2%12.9%
IV Rank11.0%4.7%22.3%22.3%7.9%
IV Percentile44.8%11.1%79.8%79.8%34.5%
Term Structure0.9%-4.6%2.9%-4.6%2.4%
VWIV14.2%13.1%16.1%13.1%13.5%
Skew 25d3.6%0.9%7.1%2.7%2.9%
Skew 10d4.3%0.8%6.3%4.8%3.3%
Call IV 25d12.6%10.4%22.8%22.8%12.8%
Put IV 25d16.2%13.6%25.6%25.6%15.7%
Bid-Ask Spread %115.55109.03160.77160.77115.46
Gamma HHI0.580.361.001.000.46
Net GEX40.2K43060.2K48060.2K
Net DEX-469.4K-681.9K-5.6K-5.6K-619.7K
Net VEX-2.0K-2.9K-29-29-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume7.61908000
Total OI73.38111011101

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$116.83$0.0021.9%6.3%11.7%22.3%0.0%2.7%-4.6%480-5.6K-290.00160.77N/AN/A0010
2025-08-04$118.91$0.0014.7%4.2%13.3%6.8%0.0%6.3%1.9%467-6.3K-290.00112.44N/AN/A0010
2025-08-05$118.09$0.0016.4%4.3%13.2%10.5%0.0%5.0%1.9%483-6.0K-290.00112.93N/AN/A0010
2025-08-06$119.51$0.0014.9%4.1%13.5%7.3%0.0%5.6%0.9%491-6.7K-290.00112.77N/AN/A0010
2025-08-07$119.00$0.0017.5%5.0%13.6%12.9%13.1%7.1%2.0%430-6.4K-290.00110.04N/AN/A80010
2025-08-08$119.97$120.0016.6%4.7%13.4%10.8%0.0%4.1%0.3%47.8K-564.0K-2.1K0.00111.44N/AN/A00810
2025-08-11$119.88$120.0020.9%4.6%13.3%20.3%16.1%0.9%0.1%48.9K-557.7K-2.1K0.00111.35N/AN/A400810
2025-08-12$120.72$120.0021.3%4.4%13.4%21.2%0.0%1.8%2.9%40.8K-562.2K-2.3K0.00109.03N/AN/A00810
2025-08-13$119.71$120.0013.8%3.9%13.9%4.7%13.5%3.1%1.9%44.0K-533.1K-2.3K0.00111.92N/AN/A400810
2025-08-14$120.09$120.0015.3%4.4%13.7%8.1%0.0%2.2%1.0%51.5K-675.0K-2.9K0.00114.38N/AN/A001010
2025-08-15$119.72$120.0015.2%4.4%13.8%7.8%0.0%2.8%1.1%52.3K-658.9K-2.9K0.00114.53N/AN/A001010
2025-08-18$120.04$120.0015.8%4.5%13.8%9.2%0.0%3.9%0.6%53.0K-668.4K-2.8K0.00113.63N/AN/A001010
2025-08-19$118.45$120.0016.0%4.6%14.1%9.5%0.0%3.4%1.5%54.0K-602.1K-2.8K0.00113.04N/AN/A001010
2025-08-20$118.63$120.0016.8%4.8%13.9%11.4%0.0%6.2%0.5%52.4K-599.8K-2.8K0.00111.33N/AN/A001010
2025-08-21$118.00$120.0017.9%5.1%13.9%13.6%0.0%3.9%0.9%51.4K-578.0K-2.8K0.00112.39N/AN/A001010
2025-08-22$119.14$120.0016.4%4.7%14.2%10.4%0.0%2.5%0.6%55.1K-627.4K-2.8K0.00116.67N/AN/A001010
2025-08-25$118.91$120.0015.9%4.6%14.2%9.4%0.0%2.4%0.7%57.0K-621.0K-2.7K0.00115.82N/AN/A001010
2025-08-26$119.36$120.0015.9%4.6%14.2%9.4%0.0%2.5%1.0%56.7K-636.8K-2.7K0.00115.10N/AN/A001010
2025-08-27$119.66$120.0016.6%4.8%14.3%10.9%0.0%4.5%-0.2%56.3K-641.2K-2.7K0.00115.53N/AN/A001010
2025-08-28$120.19$120.0014.8%4.2%14.2%6.9%0.0%2.1%0.9%59.7K-681.9K-2.7K0.00116.08N/AN/A001010
2025-08-29$119.17$120.0015.2%4.4%12.2%7.9%0.0%2.9%2.4%60.2K-619.7K-2.7K0.00115.46N/AN/A001010