PBP Options History — November 2009

In November 2009, PBP traded between $20.03 and $21.21. ATM implied volatility averaged 64.6%, placing in the 30.9% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded above realized volatility by 47.8% (HV 20d: 16.8%). Net GEX was positive for 0 of 18 trading days. Term structure was in contango for 1 of 18 days.

Notable Days

  • 2009-11-13: Largest IV spike — 224.5% change
  • 2009-11-02: Highest IV Rank — 69.4%
  • 2009-11-02: Largest Expected Move — 39.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.73$20.03$21.21$20.03$20.97
ATM IV64.6%29.4%136.6%136.6%126.0%
Expected Move18.5%8.4%39.2%39.2%36.1%
HV 20d16.8%14.3%18.5%17.3%14.3%
HV 60d14.8%14.3%15.0%14.3%14.8%
IV Rank30.9%12.2%69.4%69.4%63.8%
IV Percentile57.8%38.6%85.6%85.6%85.3%
Term Structure-25.1%-60.5%19.5%-49.1%-60.5%
Bid-Ask Spread %194.77175.04200.00196.79190.75
Gamma HHI0.500.500.500.500.50
Net GEX-58-54000-496
Net DEX2.1K019.2K019.2K
Net VEX-15-13100-130
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI2.222020020

Daily Data (18 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-11-02$20.03$0.00136.6%39.2%17.3%69.4%0.0%0.0%-49.1%0000.00196.79N/AN/A0000
2009-11-03$20.10$0.0031.9%9.2%17.0%13.5%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-11-04$20.12$0.0031.9%9.2%17.0%13.5%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-11-05$20.46$0.0031.4%9.0%17.9%13.2%0.0%0.0%-0.9%0000.00200.00N/AN/A0000
2009-11-06$20.45$0.0030.6%8.8%17.8%12.8%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-11-09$20.74$0.0029.6%8.5%18.4%12.3%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-11-10$20.74$0.0029.7%8.5%18.4%12.3%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-11-11$20.83$0.0029.4%8.4%18.4%12.2%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-11-12$20.75$0.0029.9%8.6%18.5%12.4%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-11-13$20.79$0.0097.0%27.8%17.9%48.2%0.0%0.0%-22.3%0000.00191.04N/AN/A0000
2009-11-16$20.94$0.00100.9%28.9%16.0%50.3%0.0%0.0%-24.1%0000.00191.04N/AN/A0000
2009-11-17$20.89$0.0033.3%9.5%15.7%14.2%0.0%0.0%19.5%0000.00175.04N/AN/A0000
2009-11-18$20.98$0.00104.0%29.8%15.7%52.0%0.0%0.0%-25.7%0000.00190.77N/AN/A0000
2009-11-19$20.93$0.0059.0%16.9%15.6%28.0%0.0%0.0%-26.9%0000.00191.21N/AN/A0000
2009-11-20$21.00$0.00107.4%30.8%15.4%53.8%0.0%0.0%-27.7%0000.00190.77N/AN/A0000
2009-11-23$21.15$0.0036.6%10.5%15.2%16.0%0.0%0.0%0.0%0000.00200.00N/AN/A0000
2009-11-25$21.21$0.00117.4%33.6%15.1%59.1%0.0%0.0%-33.0%-54019.1K-1310.00188.44N/AN/A00020
2009-11-27$20.97$0.00126.0%36.1%14.3%63.8%0.0%0.0%-60.5%-49619.2K-1300.00190.75N/AN/A00020