PBP Options History — November 2021

In November 2021, PBP traded between $23.54 and $24.06. ATM implied volatility averaged 25.8%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 19.6% (HV 20d: 6.2%). Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.25.

Notable Days

  • 2021-11-18: Highest Volume — 10 contracts
  • 2021-11-08: Largest IV spike — 64.1% change
  • 2021-11-09: Highest IV Rank — 15.0%
  • 2021-11-24: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.95$23.54$24.06$23.96$23.54
ATM IV25.8%10.7%38.7%29.4%33.9%
Expected Move6.8%3.1%11.0%8.4%9.7%
HV 20d6.2%4.1%10.7%8.6%10.7%
HV 60d8.7%8.4%10.2%8.4%10.2%
IV Rank8.1%0.0%15.0%10.0%12.5%
IV Percentile13.6%0.0%30.2%18.1%27.0%
Term Structure-6.3%-12.0%1.3%-7.8%-12.0%
Skew 25d-0.4%-20.1%18.4%-20.1%5.7%
Skew 10d6.1%-15.7%22.2%14.3%1.1%
Call IV 25d24.6%14.7%37.7%33.9%27.5%
Put IV 25d24.3%12.4%51.3%13.8%33.2%
Bid-Ask Spread %145.25115.25165.61138.39149.57
Gamma HHI0.580.500.760.500.73
Net GEX-8-240412-161368
Net DEX-86-6.1K2.4K2.3K-1.5K
Net VEX-28-67-9-11-48
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.250.250.250.25
Total Volume2.38121022
Total OI4.667210210

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$23.96$0.0029.4%8.4%8.6%10.0%0.0%-20.1%-7.8%-1612.3K-110.00138.39N/AN/A0202
2021-11-02$23.92$0.0019.9%5.7%7.8%5.0%0.0%-13.5%-8.1%-1692.2K-110.00115.25N/AN/A0202
2021-11-03$23.85$0.0030.6%8.8%7.8%10.7%0.0%-19.6%-10.3%-1592.4K-110.00139.03N/AN/A0202
2021-11-04$23.98$0.0030.2%6.0%7.1%10.5%0.0%2.3%-4.9%-1652.3K-110.00151.14N/AN/A0202
2021-11-05$24.01$0.0022.0%4.3%7.1%6.0%0.0%-3.8%-6.6%-1962.0K-100.00131.20N/AN/A0202
2021-11-08$24.05$0.0036.0%6.4%6.7%13.6%0.0%1.5%-6.2%-1652.3K-110.00153.91N/AN/A0202
2021-11-09$23.96$0.0038.7%6.6%6.6%15.0%0.0%3.3%-6.3%-1712.3K-100.00153.97N/AN/A0202
2021-11-10$24.05$0.0022.9%6.6%6.6%6.6%0.0%3.7%-6.2%-1742.3K-100.00151.94N/AN/A0202
2021-11-11$23.98$0.0014.5%4.1%4.7%2.0%0.0%-1.9%-4.0%-2182.3K-100.00138.37N/AN/A0202
2021-11-12$24.02$0.0022.8%6.5%4.2%6.5%0.0%1.4%-6.8%-1752.3K-100.00152.63N/AN/A0202
2021-11-15$23.99$0.0023.8%6.8%4.3%7.0%0.0%-10.6%-3.3%-1672.4K-100.00146.00N/AN/A0202
2021-11-16$24.06$0.0016.5%4.7%4.1%3.1%0.0%-0.3%-4.1%-1612.3K-100.00142.15N/AN/A0202
2021-11-17$24.05$0.0010.7%3.1%4.1%0.0%0.0%-0.7%1.3%-2402.4K-90.00134.46N/AN/A0202
2021-11-18$24.00$0.0017.2%4.9%4.2%3.5%0.0%-1.3%-1.3%-2102.4K-100.25132.20N/AN/A8202
2021-11-19$24.01$0.0017.4%5.0%4.1%3.6%0.0%-0.1%-7.2%312-5.7K-670.00145.23N/AN/A0282
2021-11-22$24.03$0.0025.9%7.4%4.1%8.2%0.0%9.2%-6.5%295-6.0K-670.00151.96N/AN/A0282
2021-11-23$23.87$0.0027.5%7.9%4.9%9.1%0.0%6.2%-7.8%330-5.1K-640.00147.60N/AN/A0282
2021-11-24$24.05$0.0038.5%11.0%5.5%15.0%0.0%18.4%-10.7%323-6.1K-660.00165.61N/AN/A0282
2021-11-26$23.70$0.0035.9%10.3%7.6%13.6%0.0%10.2%-10.8%332-4.8K-640.00157.91N/AN/A0282
2021-11-29$23.97$0.0027.1%7.8%8.7%8.8%0.0%2.6%-2.2%412-5.0K-630.00151.67N/AN/A0282
2021-11-30$23.54$0.0033.9%9.7%10.7%12.5%0.0%5.7%-12.0%368-1.5K-480.00149.57N/AN/A0282