PBP Options History — January 2022

In January 2022, PBP traded between $21.91 and $23.19. ATM implied volatility averaged 32.4%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 15.4% (HV 20d: 17.0%). Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days.

Notable Days

  • 2022-01-07: Largest IV spike — 50.1% change
  • 2022-01-25: Highest IV Rank — 18.3%
  • 2022-01-25: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.72$21.91$23.19$23.13$22.45
ATM IV32.4%22.7%44.6%32.4%31.1%
Expected Move8.6%4.6%12.8%9.3%8.9%
HV 20d17.0%6.6%23.7%23.7%12.0%
HV 60d15.6%15.1%16.5%15.5%16.5%
IV Rank11.7%6.5%18.3%11.7%11.0%
IV Percentile30.1%8.1%45.2%30.6%31.9%
Term Structure-6.7%-12.1%-0.2%-9.7%-6.3%
Skew 25d4.5%-0.8%25.1%4.1%0.8%
Skew 10d4.1%0.1%23.3%0.9%11.1%
Call IV 25d25.6%13.6%48.6%25.1%38.5%
Put IV 25d30.1%16.1%56.3%29.2%39.3%
Bid-Ask Spread %132.70114.81141.94133.11130.84
Gamma HHI0.740.630.820.780.68
Net GEX376183573461301
Net DEX-3.7K-6.0K-1.6K-4.3K-4.1K
Net VEX-46-54-39-50-45
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1010101010

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-01-03$23.13$0.0032.4%9.3%23.7%11.7%0.0%4.1%-9.7%461-4.3K-500.00133.11N/AN/A0082
2022-01-04$23.19$0.0033.2%9.5%22.9%12.1%0.0%4.8%-10.5%480-4.5K-500.00133.72N/AN/A0082
2022-01-05$23.05$0.0033.8%9.7%22.4%12.5%0.0%2.8%-10.1%471-3.9K-480.00133.33N/AN/A0082
2022-01-06$23.07$0.0022.7%4.6%22.3%6.5%0.0%2.5%-2.9%573-3.2K-430.00114.81N/AN/A0082
2022-01-07$23.08$0.0034.0%6.5%22.3%12.6%0.0%5.1%-0.2%326-6.0K-540.00129.74N/AN/A0082
2022-01-10$23.03$0.0039.3%6.9%22.3%15.4%0.0%4.2%-3.0%448-3.9K-470.00134.59N/AN/A0082
2022-01-11$23.10$0.0035.2%5.8%22.4%13.2%0.0%2.6%-4.1%455-4.1K-470.00132.84N/AN/A0082
2022-01-12$23.14$0.0034.2%9.8%22.4%12.7%0.0%0.4%-5.8%508-4.3K-480.00141.94N/AN/A0082
2022-01-13$23.06$0.0025.2%7.2%21.9%7.8%0.0%25.1%-4.5%468-4.0K-470.00133.29N/AN/A0082
2022-01-14$23.10$0.0025.9%7.4%21.9%8.2%0.0%4.6%-4.4%493-4.1K-470.00134.00N/AN/A0082
2022-01-18$22.86$0.0026.9%7.7%22.0%8.7%0.0%3.6%-4.5%390-3.4K-450.00134.08N/AN/A0082
2022-01-19$22.81$0.0030.0%8.6%6.6%10.4%0.0%3.7%-7.3%314-5.9K-510.00130.63N/AN/A0082
2022-01-20$22.53$0.0026.9%7.7%7.4%8.8%0.0%2.5%-5.1%253-3.1K-440.00131.76N/AN/A0082
2022-01-21$22.10$0.0029.8%8.5%9.7%10.3%0.0%1.3%-11.0%183-3.0K-440.00136.55N/AN/A0082
2022-01-24$21.91$0.0030.7%8.8%9.7%10.8%0.0%8.1%-3.8%223-1.6K-400.00128.95N/AN/A0082
2022-01-25$22.01$0.0044.6%12.8%9.6%18.3%0.0%7.7%-11.1%268-1.7K-390.00141.62N/AN/A0082
2022-01-27$21.91$0.0037.6%10.8%9.5%14.5%0.0%-0.8%-11.3%257-3.5K-440.00127.67N/AN/A0082
2022-01-28$22.21$0.0041.4%11.9%11.1%16.6%0.0%2.3%-12.1%278-2.2K-400.00137.80N/AN/A0082
2022-01-31$22.45$0.0031.1%8.9%12.0%11.0%0.0%0.8%-6.3%301-4.1K-450.00130.84N/AN/A0082