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Invesco California AMT-Free Municipal Bond ETF PWZ

i

Market dataready · fetched 2026-11-04T08:58:11.077Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-11-20

Calculation methodology

Options historyIV: ThetaData historical Greeks, equal-weight mean of call/put 50-delta IV across the next four listed Friday-cycle expirations, including holiday shifts verified against ThetaData’s market calendar. Missing inputs leave gaps. Skew: equal-weight mean of put minus call IV across those four expirations. IV-implied move history: mean of each expiration’s average call/put IV multiplied by the square root of remaining calendar days divided by 365.25; percentage of spot, not a quoted straddle premium.

History data

PriceAlpaca · sip · 2026-11-04T01:00:00.124469334Z

FundamentalsAlpha Vantage · ready · fetched 2026-11-04T08:58:09.835955+00:00

Share price$23.11
1D+0.1%
AH$23.04$23.06$23.08$23.10$23.125:30 AM6:30 AM9:00 AM1:00 PM2:00 PMPWZ
Sold putSold callAH

Invesco California AMT-Free Municipal Bond ETF options

Live interpolated PWZ call and put midpoint premiums by absolute delta.Invesco California AMT-Free Municipal Bond ETF$0.24$0.61$0.98$1.35$1.72$20.36$21.44$22.51$23.59$24.6620Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80Δ20Δ C unavailable: no unambiguous, price-consistent delta bracketC —25Δ C unavailable: no unambiguous, price-consistent delta bracketC —OPTION PRICELive PWZ spot · $23.11PWZ PRICE$0.28$0.39$0.50$0.61$0.72$0.83$0.92$1.01$1.10$1.19$1.28$0.48$0.65$0.68$0.69$0.72$0.75$0.84$0.93$1.03$1.12$1.25$1.43$1.61
PutsExpensive2.05×
Calls——
Skew——
Implied moveBearish±$1.56
Tilt——
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ20.6072.9%12.9%
25Δ20.9580.2%12.2%
30Δ23.8426.5%4.4%21.6667.8%9.2%
35Δ23.6728.8%4.1%22.2156.9%6.9%
40Δ23.5031.1%3.9%22.6049.7%5.3%
45Δ23.3333.5%3.6%22.9842.6%3.8%
50Δ23.1735.8%3.3%23.2140.5%3.2%
55Δ23.0038.1%3.1%23.4338.6%2.6%
60Δ22.8136.2%2.7%23.6536.7%2.1%
65Δ22.6234.3%2.2%23.8734.8%1.5%
70Δ22.4332.4%1.8%24.1033.3%1.1%
75Δ22.2430.5%1.4%24.3432.3%0.9%
80Δ22.0528.6%0.9%24.5931.4%0.6%

20Δ

Calls
Pseudo strike
IV
B/E move
Puts
Pseudo strike
20.60
IV
72.9%
B/E move
12.9%

25Δ

Calls
Pseudo strike
IV
B/E move
Puts
Pseudo strike
20.95
IV
80.2%
B/E move
12.2%

30Δ

Calls
Pseudo strike
23.84
IV
26.5%
B/E move
4.4%
Puts
Pseudo strike
21.66
IV
67.8%
B/E move
9.2%

35Δ

Calls
Pseudo strike
23.67
IV
28.8%
B/E move
4.1%
Puts
Pseudo strike
22.21
IV
56.9%
B/E move
6.9%

40Δ

Calls
Pseudo strike
23.50
IV
31.1%
B/E move
3.9%
Puts
Pseudo strike
22.60
IV
49.7%
B/E move
5.3%

45Δ

Calls
Pseudo strike
23.33
IV
33.5%
B/E move
3.6%
Puts
Pseudo strike
22.98
IV
42.6%
B/E move
3.8%

50Δ

Calls
Pseudo strike
23.17
IV
35.8%
B/E move
3.3%
Puts
Pseudo strike
23.21
IV
40.5%
B/E move
3.2%

55Δ

Calls
Pseudo strike
23.00
IV
38.1%
B/E move
3.1%
Puts
Pseudo strike
23.43
IV
38.6%
B/E move
2.6%

60Δ

Calls
Pseudo strike
22.81
IV
36.2%
B/E move
2.7%
Puts
Pseudo strike
23.65
IV
36.7%
B/E move
2.1%

65Δ

Calls
Pseudo strike
22.62
IV
34.3%
B/E move
2.2%
Puts
Pseudo strike
23.87
IV
34.8%
B/E move
1.5%

70Δ

Calls
Pseudo strike
22.43
IV
32.4%
B/E move
1.8%
Puts
Pseudo strike
24.10
IV
33.3%
B/E move
1.1%

75Δ

Calls
Pseudo strike
22.24
IV
30.5%
B/E move
1.4%
Puts
Pseudo strike
24.34
IV
32.3%
B/E move
0.9%

80Δ

Calls
Pseudo strike
22.05
IV
28.6%
B/E move
0.9%
Puts
Pseudo strike
24.59
IV
31.4%
B/E move
0.6%

Options history

IV · four-Friday blend35.22%
Daily EOD
PWZ31.5%33.5%35.5%2026-10-19: 32.15%2026-10-20: 32.45%2026-10-21: 32.28%2026-10-22: 32.01%2026-10-23: 32.88%2026-10-26: 32.98%2026-10-27: 33.28%2026-10-28: 32.98%2026-10-29: 31.75%2026-10-30: 35.22%Oct 19Oct 23Oct 30
10 observations2026-10-19 — 2026-10-30
Table
DateIV (%)
32.15%
32.45%
32.28%
32.01%
32.88%
32.98%
33.28%
32.98%
31.75%
35.22%