PBP Options History — May 2010

In May 2010, PBP traded between $19.74 and $21.67. ATM implied volatility averaged 76.0%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 18.3%. IV traded above realized volatility by 56.0% (HV 20d: 20.0%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 1 of 20 days.

Notable Days

  • 2010-05-18: Largest IV spike — 438.7% change
  • 2010-05-11: Highest IV Rank — 91.2%
  • 2010-05-06: Largest Expected Move — 42.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.64$19.74$21.67$21.67$20.15
Max Pain$20.31$20.00$22.50$20.00$20.00
ATM IV76.0%15.6%177.3%125.7%19.3%
Expected Move18.3%4.5%42.7%36.0%5.5%
HV 20d20.0%6.1%26.4%6.1%26.4%
HV 60d13.5%10.1%15.9%10.1%15.9%
IV Rank37.0%4.8%91.2%63.6%6.7%
IV Percentile56.3%6.5%98.4%91.1%13.0%
Term Structure-25.0%-54.9%4.0%-49.7%-32.2%
Skew 25d-23.5%-24.9%-22.2%-24.9%-22.2%
Skew 10d-23.5%-24.9%-22.2%-24.9%-22.2%
Call IV 25d146.2%146.0%146.5%146.0%146.5%
Put IV 25d122.7%121.0%124.4%121.0%124.4%
Bid-Ask Spread %191.29168.37200.00200.00200.00
Gamma HHI0.900.661.000.801.00
Net GEX-163-1.1K484-401484
Net DEX2.7K-14.4K14.1K6.8K-11.1K
Net VEX-102-142-50-142-50
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI24.910333310

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-05-03$21.67$0.00125.7%36.0%6.1%63.6%0.0%0.0%-49.7%-4016.8K-1420.00200.00N/AN/A001023
2010-05-04$21.38$20.0021.1%6.0%7.7%7.7%0.0%0.0%0.0%403-14.4K-520.00200.00N/AN/A00100
2010-05-05$21.24$0.0041.7%11.9%8.0%18.7%0.0%0.0%-22.5%-1.1K10.1K-1250.00173.17N/AN/A001023
2010-05-06$20.70$0.00149.1%42.7%11.8%76.1%0.0%0.0%-54.9%-32610.3K-1380.00185.14N/AN/A001023
2010-05-07$20.31$0.00152.5%25.8%12.9%77.9%0.0%0.0%-19.3%-32011.8K-1350.00183.86N/AN/A001023
2010-05-10$21.16$0.00169.9%26.7%20.4%87.2%0.0%0.0%-19.1%-3468.7K-1360.00188.03N/AN/A001023
2010-05-11$21.18$0.00177.3%27.0%20.4%91.2%0.0%0.0%-19.6%-3478.6K-1370.00188.03N/AN/A001023
2010-05-12$21.41$0.0052.2%8.8%20.8%24.3%0.0%0.0%-3.8%-8837.8K-1220.00168.37N/AN/A001023
2010-05-13$21.26$0.0066.6%19.1%21.0%32.0%0.0%0.0%-22.8%-6069.4K-1330.00194.12N/AN/A001023
2010-05-14$20.78$22.5015.6%4.5%22.3%4.8%0.0%0.0%4.0%-98714.1K-1140.00200.00N/AN/A001022
2010-05-17$20.88$20.0019.2%5.5%22.4%6.7%0.0%0.0%0.0%440-13.2K-510.00200.00N/AN/A00100
2010-05-18$20.61$0.00103.5%29.7%22.7%51.7%0.0%0.0%-26.1%-32310.8K-1290.00185.31N/AN/A001023
2010-05-19$20.48$0.00105.6%30.3%22.4%52.8%0.0%0.0%-27.6%-31811.3K-1270.00184.62N/AN/A001023
2010-05-20$19.74$0.00109.5%31.4%25.4%54.9%0.0%-24.9%-31.6%-28013.7K-1220.00186.82N/AN/A001023
2010-05-21$19.89$0.00111.0%31.8%25.6%55.7%0.0%-22.2%-32.2%-28013.3K-1230.00188.37N/AN/A001023
2010-05-24$19.94$20.0020.2%5.8%25.6%7.2%0.0%0.0%0.0%481-10.5K-500.00200.00N/AN/A00100
2010-05-25$19.93$20.0020.3%5.8%25.6%7.3%0.0%0.0%0.0%483-10.5K-500.00200.00N/AN/A00100
2010-05-26$19.94$20.0020.3%5.8%25.4%7.3%0.0%0.0%0.0%484-10.5K-500.00200.00N/AN/A00100
2010-05-27$20.25$20.0018.6%5.3%26.4%6.4%0.0%0.0%0.0%480-11.4K-500.00200.00N/AN/A00100
2010-05-28$20.15$20.0019.3%5.5%26.4%6.7%0.0%0.0%0.0%484-11.1K-500.00200.00N/AN/A00100