PBP Options History — November 2010

In November 2010, PBP traded between $21.42 and $21.83. ATM implied volatility averaged 71.3%, placing in the 31.4% IV rank vs the trailing year. The 30-day expected move averaged 20.4%. IV traded above realized volatility by 64.7% (HV 20d: 6.6%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days.

Notable Days

  • 2010-11-24: Largest IV spike — 4.4% change
  • 2010-11-29: Highest IV Rank — 35.2%
  • 2010-11-29: Largest Expected Move — 23.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.69$21.42$21.83$21.42$21.76
Max Pain$18.00$18.00$18.00$18.00$18.00
ATM IV71.3%64.6%80.1%64.6%80.1%
Expected Move20.4%18.5%23.0%18.5%23.0%
HV 20d6.6%4.7%8.1%8.1%6.9%
HV 60d7.3%6.7%7.6%7.5%6.7%
IV Rank31.4%29.2%35.2%29.2%35.2%
IV Percentile62.5%57.9%65.9%57.9%65.9%
Term Structure-40.4%-48.0%-10.3%-37.5%-10.3%
Bid-Ask Spread %173.29169.22183.33183.33170.81
Gamma HHI0.410.380.420.410.38
Net GEX191152195188152
Net DEX-8.9K-9.1K-8.5K-8.5K-9.1K
Net VEX-23-25-21-25-21
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI66666

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-11-01$21.42$18.0064.6%18.5%8.1%29.2%0.0%0.0%-37.5%188-8.5K-250.00183.33N/AN/A0060
2010-11-02$21.52$18.0064.8%18.6%7.4%29.3%0.0%0.0%-37.2%189-8.6K-240.00182.55N/AN/A0060
2010-11-03$21.60$18.0065.0%18.6%7.5%29.4%0.0%0.0%-37.1%189-8.7K-240.00182.55N/AN/A0060
2010-11-04$21.67$18.0066.6%19.1%7.5%30.3%0.0%0.0%-39.8%188-8.8K-240.00177.21N/AN/A0060
2010-11-05$21.73$18.0066.8%19.2%7.5%30.4%0.0%0.0%-39.7%194-9.0K-240.00169.22N/AN/A0060
2010-11-08$21.75$18.0068.1%19.5%7.5%31.1%0.0%0.0%-40.5%194-9.0K-230.00170.91N/AN/A0060
2010-11-09$21.68$18.0068.8%19.7%7.6%31.4%0.0%0.0%-41.2%194-8.9K-230.00170.91N/AN/A0060
2010-11-10$21.75$18.0069.0%19.8%7.6%31.6%0.0%0.0%-41.1%194-9.0K-230.00170.91N/AN/A0060
2010-11-11$21.74$18.0069.5%19.9%7.6%29.4%0.0%0.0%-41.5%194-9.0K-230.00170.91N/AN/A0060
2010-11-12$21.68$18.0071.7%20.6%6.7%30.6%0.0%0.0%-43.7%191-8.9K-230.00171.01N/AN/A0060
2010-11-15$21.72$18.0071.6%20.5%6.0%30.6%0.0%0.0%-43.0%194-9.0K-230.00170.91N/AN/A0060
2010-11-16$21.56$18.0071.1%20.4%5.1%30.3%0.0%0.0%-41.3%194-8.8K-220.00175.40N/AN/A0060
2010-11-17$21.65$18.0071.4%20.5%4.7%30.4%0.0%0.0%-41.1%195-8.9K-220.00172.12N/AN/A0060
2010-11-18$21.73$18.0073.2%21.0%4.8%31.4%0.0%0.0%-44.0%194-9.0K-220.00170.91N/AN/A0060
2010-11-19$21.75$18.0073.7%21.1%4.7%31.7%0.0%0.0%-44.3%194-9.0K-220.00170.91N/AN/A0060
2010-11-22$21.82$18.0076.1%21.8%4.8%33.0%0.0%0.0%-45.5%192-9.0K-220.00170.91N/AN/A0060
2010-11-23$21.63$18.0075.5%21.7%5.9%32.7%0.0%0.0%-43.9%195-8.9K-210.00173.93N/AN/A0060
2010-11-24$21.83$18.0078.8%22.6%6.6%34.5%0.0%0.0%-47.9%192-9.1K-210.00169.48N/AN/A0060
2010-11-26$21.72$18.0078.9%22.6%6.9%34.6%0.0%0.0%-48.0%194-9.0K-210.00170.91N/AN/A0060
2010-11-29$21.76$18.0080.1%23.0%6.9%35.2%0.0%0.0%-10.3%152-9.1K-210.00170.81N/AN/A0060