PBP Options History — September 2009

In September 2009, PBP traded between $19.36 and $20.21. ATM implied volatility averaged 48.7%. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 38.5% (HV 20d: 10.2%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-09-08: Highest Volume — 4 contracts
  • 2009-09-16: Largest IV spike — 416.0% change
  • 2009-09-28: Largest Expected Move — 39.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.94$19.36$20.21$19.39$20.07
Max Pain$18.69$17.50$20.00$17.50$20.00
ATM IV48.7%7.2%180.0%9.8%41.3%
Expected Move13.3%2.1%39.1%2.8%11.8%
HV 20d10.2%6.9%14.0%7.0%12.4%
HV 60d11.9%11.2%12.3%12.1%11.2%
Term Structure-26.7%-55.8%12.6%-44.1%-12.2%
VWIV98.4%98.4%98.4%98.4%98.4%
Bid-Ask Spread %190.80142.96200.00200.00142.96
Gamma HHI0.820.341.001.000.65
Net GEX-234-1.3K58333-1.1K
Net DEX-136-11.2K13.1K-1.4K-9.8K
Net VEX-48-167-3-4-72
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.2860400
Total OI27.667173171

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-09-01$19.39$17.509.8%2.8%7.0%0.0%0.0%0.0%0.0%33-1.4K-40.00200.00N/AN/A0010
2009-09-02$19.36$20.0016.5%4.7%6.9%0.0%0.0%0.0%0.0%279-2.3K-70.00200.00N/AN/A0030
2009-09-03$19.57$17.507.2%2.1%8.0%0.0%0.0%0.0%0.0%30-1.4K-40.00200.00N/AN/A0010
2009-09-04$19.77$17.500.0%0.0%8.7%0.0%0.0%0.0%0.0%33-1.5K-40.00200.00N/AN/A0010
2009-09-08$19.84$20.00180.0%27.5%8.8%0.0%98.4%0.0%-44.1%-5414.3K-1670.00184.97N/AN/A402350
2009-09-09$19.98$17.507.9%0.0%9.0%0.0%0.0%0.0%0.0%32-1.5K-40.00200.00N/AN/A0010
2009-09-10$19.96$17.5022.1%6.3%9.0%0.0%0.0%0.0%0.0%33-1.6K-40.00200.00N/AN/A0010
2009-09-11$20.21$17.5019.7%5.7%9.9%0.0%0.0%0.0%0.0%31-1.6K-30.00200.00N/AN/A0010
2009-09-14$20.08$17.5021.3%6.1%10.2%0.0%0.0%0.0%0.0%32-1.6K-30.00200.00N/AN/A0010
2009-09-15$20.14$17.5020.7%5.9%10.3%0.0%0.0%0.0%0.0%32-1.6K-30.00200.00N/AN/A0010
2009-09-16$20.10$20.00107.0%30.7%10.3%0.0%0.0%0.0%-52.6%972.3K-1450.00181.86N/AN/A002350
2009-09-17$20.14$20.00108.7%31.2%10.3%0.0%0.0%0.0%-53.8%-2401.9K-1430.00181.44N/AN/A002350
2009-09-18$20.02$20.00110.6%31.7%10.6%0.0%0.0%0.0%-55.8%5832.1K-1400.00185.19N/AN/A202350
2009-09-21$20.05$17.5016.7%4.8%10.6%0.0%0.0%0.0%11.8%31-1.6K-30.00200.00N/AN/A0010
2009-09-22$20.11$17.5016.1%4.6%10.6%0.0%0.0%0.0%12.3%31-1.6K-30.00200.00N/AN/A0010
2009-09-23$20.14$17.5015.7%4.5%10.5%0.0%0.0%0.0%12.6%31-1.6K-30.00200.00N/AN/A0010
2009-09-24$19.86$20.0059.5%17.1%11.7%0.0%0.0%0.0%-40.4%-1.2K10.1K-620.00200.00N/AN/A001120
2009-09-25$19.72$20.0027.1%7.8%12.0%0.0%0.0%0.0%0.0%-1.2K13.1K-600.00200.00N/AN/A001120
2009-09-28$20.12$20.00136.3%39.1%14.0%0.0%0.0%0.0%-54.7%-5923.5K-1140.00179.27N/AN/A002150
2009-09-29$20.02$20.0030.3%8.7%13.9%0.0%0.0%0.0%-16.1%-1.3K-11.2K-640.00151.18N/AN/A002150
2009-09-30$20.07$20.0041.3%11.8%12.4%0.0%0.0%0.0%-12.2%-1.1K-9.8K-720.00142.96N/AN/A002150