PBP Options History — October 2021

In October 2021, PBP traded between $22.82 and $23.90. ATM implied volatility averaged 35.2%, placing in the 13.1% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 23.5% (HV 20d: 11.7%). Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 0 of 21 days.

Notable Days

  • 2021-10-20: Highest Volume — 2 contracts
  • 2021-10-13: Largest IV drop — 64.9% change
  • 2021-10-12: Highest IV Rank — 31.6%
  • 2021-10-01: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.50$22.82$23.90$23.09$23.85
ATM IV35.2%22.0%70.3%51.4%27.8%
Expected Move7.4%6.3%14.7%14.7%8.0%
HV 20d11.7%9.9%13.8%10.0%9.9%
HV 60d14.2%8.4%16.8%15.9%8.4%
IV Rank13.1%6.0%31.6%21.6%9.2%
IV Percentile16.1%4.4%44.4%25.0%15.7%
Term Structure-5.4%-20.4%-1.8%-20.4%-7.4%
Skew 25d-3.8%-20.9%12.6%0.4%-14.8%
Skew 10d2.2%-14.6%17.9%1.6%13.9%
Call IV 25d27.2%15.3%41.1%41.1%32.8%
Put IV 25d23.4%10.7%41.5%41.5%18.0%
Bid-Ask Spread %135.9989.09151.30150.47137.97
Gamma HHI0.500.500.510.500.50
Net GEX-149-166-102-116-157
Net DEX2.6K2.2K2.8K2.7K2.4K
Net VEX-11-12-11-12-11
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.7620202
Total OI22222

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-10-01$23.09$0.0051.4%14.7%10.0%21.6%0.0%0.4%-20.4%-1162.7K-120.00150.47N/AN/A0002
2021-10-04$22.82$0.0056.7%9.1%10.7%24.4%0.0%4.5%-4.2%-1022.7K-120.00151.30N/AN/A0002
2021-10-05$23.12$0.0039.3%6.3%11.8%15.2%0.0%-2.4%-3.1%-1422.8K-110.00133.67N/AN/A0002
2021-10-06$23.07$0.0041.5%6.5%11.8%16.4%0.0%6.3%-3.0%-1462.8K-110.00138.45N/AN/A0002
2021-10-07$23.33$0.0047.3%6.9%12.5%19.4%0.0%1.8%-3.5%-1432.7K-120.00140.10N/AN/A0002
2021-10-08$23.33$0.0050.5%6.9%12.5%21.2%0.0%12.6%-3.6%-1622.7K-110.0089.09N/AN/A0002
2021-10-11$23.21$0.0064.5%7.1%12.6%28.6%0.0%1.6%-4.8%-1402.7K-110.00138.71N/AN/A0002
2021-10-12$23.11$0.0070.3%7.2%12.7%31.6%0.0%1.5%-4.3%-1352.8K-110.00140.69N/AN/A0002
2021-10-13$23.16$0.0024.7%7.1%12.6%7.4%0.0%0.9%-3.4%-1372.7K-110.00141.08N/AN/A0002
2021-10-14$23.51$0.0022.0%6.3%13.8%6.0%0.0%4.5%-1.8%-1482.6K-110.00140.06N/AN/A0002
2021-10-15$23.67$0.0023.2%6.7%13.8%6.6%0.0%3.0%-3.8%-1542.5K-120.00140.03N/AN/A0002
2021-10-18$23.68$0.0023.4%6.7%11.9%6.7%0.0%-17.9%-4.3%-1602.7K-110.00137.32N/AN/A0002
2021-10-19$23.78$0.0023.8%6.8%11.8%7.0%0.0%-18.1%-4.5%-1522.4K-110.00137.84N/AN/A0002
2021-10-20$23.84$0.0023.2%6.7%11.7%6.7%0.0%0.1%-4.6%-1642.4K-110.00134.57N/AN/A0202
2021-10-21$23.81$0.0023.6%6.8%11.5%7.0%0.0%-7.7%-4.9%-1552.4K-110.00138.01N/AN/A0202
2021-10-22$23.80$0.0022.2%6.4%11.5%6.2%0.0%-15.6%-4.2%-1642.2K-110.00120.30N/AN/A0202
2021-10-25$23.80$0.0026.0%7.4%11.5%8.2%0.0%-9.5%-5.4%-1662.4K-110.00138.50N/AN/A0202
2021-10-26$23.81$0.0025.5%7.3%10.6%7.9%0.0%-6.3%-5.3%-1652.4K-110.00137.86N/AN/A0202
2021-10-27$23.87$0.0026.0%7.5%10.6%8.2%0.0%-4.0%-6.5%-1572.4K-110.00135.75N/AN/A0202
2021-10-28$23.90$0.0026.6%7.6%10.0%8.5%0.0%-20.9%-11.1%-1612.4K-110.00134.07N/AN/A0202
2021-10-29$23.85$0.0027.8%8.0%9.9%9.2%0.0%-14.8%-7.4%-1572.4K-110.00137.97N/AN/A0202