PBP Options History — August 2009

In August 2009, PBP traded between $19.45 and $19.82. ATM implied volatility averaged 50.8%. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 44.3% (HV 20d: 6.6%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-08-26: Highest Volume — 2 contracts
  • 2009-08-12: Largest IV spike — 2341.1% change
  • 2009-08-20: Largest Expected Move — 32.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.63$19.45$19.82$19.45$19.70
Max Pain$17.73$17.50$20.00$17.50$17.50
ATM IV50.8%6.7%172.3%16.3%22.0%
Expected Move12.3%1.9%32.1%4.7%6.3%
HV 20d6.6%2.8%14.6%14.6%4.0%
HV 60d12.6%11.6%13.4%13.4%11.7%
Term Structure7.9%-33.1%62.8%3.9%42.9%
VWIV20.8%6.7%42.6%13.1%42.6%
Bid-Ask Spread %183.11119.21200.00119.21200.00
Gamma HHI0.710.351.000.381.00
Net GEX-37-585426-29833
Net DEX-12.1K-37.7K7.1K-34.2K-1.5K
Net VEX-106-2540-225-4
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.190200
Total OI43.381095941

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-08-03$19.45$17.5016.3%4.7%14.6%0.0%0.0%0.0%3.9%-298-34.2K-2250.00119.21N/AN/A004450
2009-08-04$19.49$20.0013.1%3.8%12.8%0.0%13.1%0.0%0.0%138-610-20.00200.00N/AN/A1010
2009-08-05$19.55$0.006.7%1.9%12.6%0.0%6.7%0.0%0.0%0000.00200.00N/AN/A1000
2009-08-06$19.53$17.5053.5%15.3%12.7%0.0%0.0%0.0%-22.8%426-29.9K-2460.00170.18N/AN/A004550
2009-08-07$19.57$0.00155.4%26.3%12.1%0.0%0.0%0.0%-21.3%-50-23.8K-2540.00184.62N/AN/A004550
2009-08-10$19.59$17.500.0%0.0%9.1%0.0%0.0%0.0%0.0%32-1.4K-40.00200.00N/AN/A0010
2009-08-11$19.54$17.507.1%2.0%9.3%0.0%0.0%0.0%0.0%29-1.4K-40.00200.00N/AN/A0010
2009-08-12$19.59$0.00172.3%27.9%5.4%0.0%0.0%0.0%-24.6%-3-24.3K-2410.00182.67N/AN/A004550
2009-08-13$19.60$0.0023.0%6.6%5.3%0.0%0.0%0.0%56.1%150-35.5K-2200.00158.24N/AN/A004550
2009-08-14$19.57$0.0028.4%8.1%5.3%0.0%0.0%0.0%47.8%396-32.6K-2220.00164.19N/AN/A004550
2009-08-17$19.57$17.506.7%1.9%4.4%0.0%0.0%0.0%0.0%29-1.4K-40.00200.00N/AN/A0010
2009-08-18$19.60$17.500.0%0.0%4.4%0.0%0.0%0.0%0.0%33-1.4K-40.00200.00N/AN/A0010
2009-08-19$19.60$17.500.0%0.0%4.3%0.0%0.0%0.0%0.0%33-1.4K-40.00200.00N/AN/A0010
2009-08-20$19.61$0.00111.9%32.1%2.8%0.0%0.0%0.0%-32.8%-336-37.0K-2000.00184.40N/AN/A004550
2009-08-21$19.69$0.00111.2%31.9%3.0%0.0%0.0%0.0%-33.1%-331-37.7K-1970.00184.13N/AN/A004550
2009-08-24$19.67$17.5029.1%0.0%2.8%0.0%0.0%0.0%0.0%33-1.5K-40.00200.00N/AN/A0010
2009-08-25$19.78$0.0018.4%5.3%3.3%0.0%0.0%0.0%62.8%-5767.1K-1910.00148.72N/AN/A002150
2009-08-26$19.81$0.0038.5%11.0%3.2%0.0%42.6%0.0%42.9%-5856.8K-1890.00165.86N/AN/A202150
2009-08-27$19.80$0.0022.0%6.3%3.2%0.0%0.0%0.0%0.0%32-1.5K-40.000.00N/AN/A0010
2009-08-28$19.82$17.500.0%0.0%3.2%0.0%0.0%0.0%0.0%32-1.5K-40.00200.00N/AN/A0010
2009-08-31$19.70$17.500.0%0.0%4.0%0.0%0.0%0.0%0.0%33-1.5K-40.00200.00N/AN/A0010