PBP Options History — October 2009

In October 2009, PBP traded between $19.53 and $20.69. ATM implied volatility averaged 42.2%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 25.6% (HV 20d: 16.6%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 7 of 22 days.

Notable Days

  • 2009-10-05: Largest IV spike — 514.5% change
  • 2009-10-08: Highest IV Rank — 100.0%
  • 2009-10-16: Largest Expected Move — 28.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.23$19.53$20.69$19.58$19.93
Max Pain$18.13$17.50$20.00$20.00$17.50
ATM IV42.2%9.2%193.8%27.5%26.8%
Expected Move9.0%2.6%28.3%7.9%7.7%
HV 20d16.6%15.1%18.4%15.6%18.3%
HV 60d12.0%10.9%14.2%12.4%14.2%
IV Rank20.2%1.3%100.0%49.2%10.8%
IV Percentile39.9%4.2%100.0%72.2%30.3%
Term Structure5.1%-35.8%38.7%-4.5%-5.0%
Bid-Ask Spread %192.09150.22200.00150.22196.88
Gamma HHI0.870.411.000.771.00
Net GEX-534-4.1K37-1.4K0
Net DEX-4.0K-24.2K779-2.0K0
Net VEX-15-810-590
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI22.727071710

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-10-01$19.58$20.0027.5%7.9%15.6%0.0%0.0%0.0%-4.5%-1.4K-2.0K-590.00150.22N/AN/A002150
2009-10-02$19.53$0.0015.7%4.5%15.1%0.0%0.0%0.0%0.0%37-1.5K-30.00200.00N/AN/A0010
2009-10-05$19.87$0.0096.7%12.5%16.0%49.2%0.0%0.0%4.3%-864779-810.00196.36N/AN/A002150
2009-10-06$20.07$0.0043.2%6.6%16.3%20.0%0.0%0.0%34.8%-1.2K-11.5K-540.00166.22N/AN/A002150
2009-10-07$20.07$0.0039.6%5.9%16.1%18.0%0.0%0.0%38.7%-1.3K-12.5K-480.00161.76N/AN/A002150
2009-10-08$20.18$0.00193.8%25.6%16.2%100.0%0.0%0.0%-29.2%-1.8K-16.9K-400.00196.36N/AN/A002150
2009-10-09$20.32$17.5014.2%4.1%15.8%4.0%0.0%0.0%14.5%30-1.7K-30.00200.00N/AN/A0010
2009-10-12$20.33$0.0068.6%7.6%15.6%33.1%0.0%0.0%24.1%-1.1K-15.8K-360.00167.50N/AN/A002150
2009-10-13$20.37$17.5013.6%3.9%15.6%3.7%0.0%0.0%15.3%30-1.7K-30.00200.00N/AN/A0010
2009-10-14$20.46$17.5011.5%3.3%15.6%2.6%0.0%0.0%17.0%29-1.7K-30.00200.00N/AN/A0010
2009-10-15$20.44$0.0028.7%8.2%15.6%11.8%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-10-16$20.20$0.0098.8%28.3%16.1%49.2%0.0%0.0%-35.8%-4.1K-24.2K-100.00194.25N/AN/A002050
2009-10-19$20.69$0.0028.1%8.0%18.1%11.4%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-10-20$20.54$0.0028.8%8.2%18.4%11.8%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-10-21$20.47$0.0029.1%8.4%18.4%12.0%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-10-22$20.60$0.0028.7%8.2%17.7%11.7%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-10-23$20.46$0.0029.3%8.4%17.7%12.1%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-10-26$20.31$0.0030.3%8.7%16.5%12.6%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-10-27$20.27$0.0030.5%8.7%16.4%12.7%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-10-28$19.93$0.009.2%2.6%17.6%1.3%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-10-29$20.34$0.0035.8%10.3%16.5%15.5%0.0%0.0%-13.1%0000.00196.36N/AN/A0000
2009-10-30$19.93$0.0026.8%7.7%18.3%10.8%0.0%0.0%-5.0%0000.00196.88N/AN/A0000