PBP Options History — December 2009

In December 2009, PBP traded between $21.15 and $21.59. ATM implied volatility averaged 63.4%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 16.8%. IV traded above realized volatility by 54.7% (HV 20d: 8.7%). Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 0 of 19 days.

Notable Days

  • 2009-12-21: Largest IV spike — 413.8% change
  • 2009-12-29: Highest IV Rank — 64.2%
  • 2009-12-29: Largest Expected Move — 36.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.38$21.15$21.59$21.20$21.51
ATM IV63.4%20.6%126.8%42.9%109.2%
Expected Move16.8%5.9%36.3%12.3%31.3%
HV 20d8.7%7.4%13.0%13.0%7.5%
HV 60d14.4%13.4%14.9%14.9%13.4%
IV Rank30.3%7.4%64.2%19.4%54.8%
IV Percentile54.2%16.7%86.7%48.8%78.6%
Term Structure-29.5%-92.1%-4.0%-24.0%-33.6%
Bid-Ask Spread %158.58120.41175.15169.28174.86
Gamma HHI0.500.500.500.500.50
Net GEX-819-1.2K-549-923-581
Net DEX19.8K18.7K20.9K20.7K18.9K
Net VEX-123-127-114-125-121
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI2020202020

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-12-01$21.20$0.0042.9%12.3%13.0%19.4%0.0%0.0%-24.0%-92320.7K-1250.00169.28N/AN/A00020
2009-12-03$21.19$0.0042.1%12.1%10.1%18.9%0.0%0.0%-21.1%-88820.6K-1270.00162.27N/AN/A00020
2009-12-04$21.23$0.0086.1%14.9%10.1%42.4%0.0%0.0%-32.2%-73519.9K-1260.00167.72N/AN/A00020
2009-12-07$21.22$0.0065.8%10.6%10.1%31.6%0.0%0.0%-21.6%-89120.5K-1260.00161.38N/AN/A00020
2009-12-09$21.15$0.0055.5%8.5%10.3%26.1%0.0%0.0%-15.6%-94320.9K-1230.00154.43N/AN/A00020
2009-12-10$21.22$0.0031.2%9.0%8.9%13.1%0.0%0.0%-17.0%-94620.7K-1220.00156.60N/AN/A00020
2009-12-14$21.36$0.0021.9%6.3%9.0%8.1%0.0%0.0%-4.1%-96520.2K-1220.00127.28N/AN/A00020
2009-12-15$21.39$0.0022.3%6.4%7.8%8.4%0.0%0.0%-4.3%-97020.0K-1220.00125.74N/AN/A00020
2009-12-16$21.39$0.0028.5%8.2%7.8%11.6%0.0%0.0%-9.4%-87119.9K-1220.00159.00N/AN/A00020
2009-12-17$21.44$0.0065.6%18.8%7.8%31.5%0.0%0.0%-46.7%-67519.2K-1250.00165.13N/AN/A00020
2009-12-18$21.30$0.0020.6%5.9%8.1%7.4%0.0%0.0%-4.0%-1.0K20.8K-1190.00120.41N/AN/A00020
2009-12-21$21.41$0.00105.8%30.3%8.2%53.0%0.0%0.0%-40.9%-54918.9K-1250.00175.15N/AN/A00020
2009-12-22$21.49$0.00107.7%30.9%7.9%54.0%0.0%0.0%-42.3%-55218.8K-1260.00174.86N/AN/A00020
2009-12-23$21.52$0.00109.9%31.5%7.8%55.1%0.0%0.0%-92.1%-55418.8K-1260.00174.86N/AN/A00020
2009-12-24$21.51$0.00112.3%32.2%7.8%56.4%0.0%0.0%-81.4%-55118.8K-1250.00174.11N/AN/A00020
2009-12-28$21.59$0.0025.1%7.2%7.7%9.9%0.0%0.0%-5.8%-1.2K19.9K-1150.00146.62N/AN/A00020
2009-12-29$21.56$0.00126.8%36.3%7.7%64.2%0.0%0.0%-58.1%-55518.7K-1230.00174.86N/AN/A00020
2009-12-30$21.55$0.0025.8%7.4%7.4%10.2%0.0%0.0%-6.9%-1.2K20.1K-1140.00148.38N/AN/A00020
2009-12-31$21.51$0.00109.2%31.3%7.5%54.8%0.0%0.0%-33.6%-58118.9K-1210.00174.86N/AN/A00020