PBP Options History — July 2009

In July 2009, PBP traded between $17.96 and $19.47. ATM implied volatility averaged 37.5%. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 21.6% (HV 20d: 15.9%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-07-13: Highest Volume — 13 contracts
  • 2009-07-29: Largest IV spike — 612.7% change
  • 2009-07-29: Largest Expected Move — 35.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.85$17.96$19.47$18.65$19.47
Max Pain$17.50$17.50$17.50$17.50$17.50
ATM IV37.5%8.7%175.8%25.6%18.6%
Expected Move9.1%2.5%35.4%7.3%5.3%
HV 20d15.9%11.2%18.7%11.2%14.5%
HV 60d13.5%12.3%14.5%12.3%13.4%
Term Structure-3.6%-80.7%53.2%-8.9%-0.4%
VWIV15.1%7.4%22.8%7.4%22.8%
Bid-Ask Spread %154.4273.17200.00124.03128.10
Gamma HHI0.510.360.710.450.60
Net GEX-433-2.3K479-555-727
Net DEX-9.3K-38.9K32.5K14.7K-38.9K
Net VEX-206-2840-282-186
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.63601300
Total OI82.27301159294

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$18.65$17.5025.6%7.3%11.2%0.0%0.0%0.0%-8.9%-55514.7K-2820.00124.03N/AN/A003161
2009-07-02$18.26$17.5045.6%13.1%13.4%0.0%0.0%0.0%-28.9%-1.2K26.7K-2460.00176.98N/AN/A003161
2009-07-06$18.31$0.00175.8%27.9%13.5%0.0%0.0%0.0%-28.3%-55217.7K-2840.00191.04N/AN/A003161
2009-07-07$18.03$0.0023.8%18.1%13.8%0.0%0.0%0.0%-80.7%-2.3K32.5K-2220.00137.66N/AN/A003161
2009-07-08$17.97$0.0047.2%7.3%13.8%0.0%0.0%0.0%-9.4%-1.5K29.3K-2210.00147.96N/AN/A003161
2009-07-09$18.07$0.0011.5%3.3%13.7%0.0%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-07-10$17.96$0.0061.7%17.7%13.5%0.0%0.0%0.0%53.2%-1.7K23.6K-2580.00186.99N/AN/A003161
2009-07-13$18.43$0.0078.7%4.7%16.7%0.0%7.4%0.0%18.3%-1.2K23.3K-2240.00164.16N/AN/A1303161
2009-07-14$18.53$0.0010.9%3.1%16.8%0.0%0.0%0.0%0.0%0000.000.00N/AN/A0000
2009-07-15$18.96$0.008.7%2.5%18.7%0.0%0.0%0.0%0.0%0000.000.00N/AN/A0000
2009-07-16$19.05$17.5013.8%3.9%18.6%0.0%0.0%0.0%8.2%479-31.3K-2150.00145.13N/AN/A005461
2009-07-17$19.04$17.5020.9%6.0%18.4%0.0%0.0%0.0%9.6%338-28.7K-2360.00162.58N/AN/A005461
2009-07-20$19.22$17.5021.2%6.1%18.3%0.0%0.0%0.0%18.0%479-26.5K-2680.00168.51N/AN/A004350
2009-07-21$19.23$17.5012.0%3.5%17.0%0.0%0.0%0.0%14.0%19-30.5K-2500.00161.67N/AN/A004350
2009-07-22$19.19$17.5018.4%5.3%17.0%0.0%0.0%0.0%11.6%-158-29.5K-2210.00155.56N/AN/A004350
2009-07-23$19.38$17.5027.8%8.0%17.1%0.0%22.8%0.0%-4.2%-46-30.6K-2320.00163.95N/AN/A104350
2009-07-24$19.36$17.5025.3%7.3%17.0%0.0%0.0%0.0%-3.8%66-31.3K-2360.00162.22N/AN/A004450
2009-07-27$19.43$17.5020.7%5.9%17.0%0.0%0.0%0.0%-1.9%100-32.8K-2440.00130.98N/AN/A004450
2009-07-28$19.42$17.5017.3%5.0%17.0%0.0%0.0%0.0%0.0%-634-37.2K-1970.00122.25N/AN/A004450
2009-07-29$19.39$17.50123.4%35.4%16.9%0.0%0.0%0.0%-41.5%-70-20.3K-2730.00185.44N/AN/A004450
2009-07-30$19.42$17.5016.0%4.6%16.9%0.0%0.0%0.0%6.1%-275-33.8K-2290.0073.17N/AN/A004450
2009-07-31$19.47$17.5018.6%5.3%14.5%0.0%0.0%0.0%-0.4%-727-38.9K-1860.00128.10N/AN/A004450