PWB Options History — April 2026

In April 2026, PWB traded between $128.13 and $128.23. ATM implied volatility averaged 25.1%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 6.5% (HV 20d: 31.5%). Max pain ranged from $123.00 to $123.00. Net GEX was positive for 2 of 2 trading days. Term structure was in contango for 1 of 2 days. Put/call ratio averaged 0.00.

Notable Days

2026-04-02: Highest Volume — 1 contracts
2026-04-02: Largest IV spike — 6.2% change
2026-04-02: Highest IV Rank — 30.1%
2026-04-02: Largest Expected Move — 7.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$128.18	$128.13	$128.23	$128.23	$128.13
Max Pain	$123.00	$123.00	$123.00	$123.00	$123.00
ATM IV	25.1%	24.3%	25.8%	24.3%	25.8%
Expected Move	7.2%	7.0%	7.4%	7.0%	7.4%
HV 20d	31.5%	31.2%	31.8%	31.8%	31.2%
HV 60d	25.0%	25.0%	25.1%	25.1%	25.0%
IV Rank	28.5%	26.8%	30.1%	26.8%	30.1%
IV Percentile	87.7%	84.5%	90.9%	84.5%	90.9%
Term Structure	0.0%	-0.1%	0.1%	-0.1%	0.1%
Skew 25d	10.5%	10.4%	10.5%	10.4%	10.5%
Skew 10d	13.3%	8.4%	18.2%	8.4%	18.2%
Call IV 25d	17.0%	15.8%	18.3%	15.8%	18.3%
Put IV 25d	27.5%	26.1%	28.8%	26.1%	28.8%
Bid-Ask Spread %	59.63	59.36	59.91	59.91	59.36
Gamma HHI	0.51	0.51	0.51	0.51	0.51
Net GEX	10.2K	10.1K	10.4K	10.4K	10.1K
Net DEX	-204.8K	-207.5K	-202.0K	-207.5K	-202.0K
Net VEX	-503	-503	-503	-503	-503
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.5	0	1	0	1
Total OI	26	26	26	26	26

Daily Data (2 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-04-01	$128.23	$123.00	24.3%	7.0%	31.8%	26.8%	0.0%	10.4%	-0.1%	10.4K	-207.5K	-503	0.00	59.91	N/A	N/A	0	0	25	1
2026-04-02	$128.13	$0.00	25.8%	7.4%	31.2%	30.1%	0.0%	10.5%	0.1%	10.1K	-202.0K	-503	0.00	59.36	N/A	N/A	1	0	25	1